Kirloskar Industries Ltd

₹ 5,233 12.84%

26 Apr 4:02 p.m.

About

Kirloskar Ind is engaged in the business of Iron castings, Investments (Securities and Properties), Wind power generation and real estate.
The Company owns lands, buildings, apartments and offices in Pune, New Delhi and Jaipur. The Co. has given most of these lands, buildings and offices on a lease and license basis to the group and other companies. ^[1] ^[2]

Key Points

Revenue Segments FY22
Iron castings The Co. earns 92% revenues via its subsidiary (51% stake) Kirloskar Ferrous Industry limited
Tube: ~4%
Investments in Securities and Properties: 1% ^[1]
The Company's Standalone Business mainly consists of Dividend income from group companies and property licensing fees, contributing 90% of Standalone total income collectively. ^[2] ^[3]

Website BSE NSE

Market Cap ₹ 5,206 Cr.
Current Price ₹ 5,233
High / Low ₹ 5,444 / 2,458
Stock P/E 66.9
Book Value ₹ 3,166
Dividend Yield 0.21 %
ROCE 4.95 %
ROE 3.89 %
Face Value ₹ 10.0

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Pros

Company is almost debt free.
Company is expected to give good quarter
Company has been maintaining a healthy dividend payout of 22.2%
Company's working capital requirements have reduced from 253 days to 101 days

Cons

The company has delivered a poor sales growth of 10.2% over past five years.
Company has a low return on equity of 3.56% over last 3 years.
Earnings include an other income of Rs.42.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance & Investments

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
	1.21	16.26	1.26	47.99	1.88	21.47	0.64	48.34	5.14	32.78	8.93	42.24	7.02
	5.45	6.26	3.53	4.94	4.27	5.47	3.33	4.20	4.40	6.80	3.64	5.73	8.11
Operating Profit	-4.24	10.00	-2.27	43.05	-2.39	16.00	-2.69	44.14	0.74	25.98	5.29	36.51	-1.09
OPM %	-350.41%	61.50%	-180.16%	89.71%	-127.13%	74.52%	-420.31%	91.31%	14.40%	79.26%	59.24%	86.43%	-15.53%
	8.88	6.21	7.03	7.52	7.90	7.62	7.04	7.64	6.87	7.11	19.80	8.01	7.68
Interest	0.40	0.41	0.41	0.39	0.36	0.35	0.32	0.32	0.33	0.34	0.35	0.36	0.50
Depreciation	0.85	0.69	0.70	0.72	0.70	0.73	0.56	0.60	0.52	0.55	0.54	0.48	0.76
Profit before tax	3.39	15.11	3.65	49.46	4.45	22.54	3.47	50.86	6.76	32.20	24.20	43.68	5.33
Tax %	19.47%	10.32%	21.64%	24.65%	-6.97%	29.19%	30.55%	17.16%	32.54%	22.39%	49.83%	17.45%	15.95%
	2.73	13.55	2.86	37.27	4.76	15.96	2.41	42.13	4.56	24.99	12.14	36.06	4.48
EPS in Rs	2.81	13.96	2.95	38.25	4.87	16.32	2.46	42.96	4.65	25.28	12.28	36.45	4.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
	78	52	64	60	76	48	72	46	86	55	100	117	91
	6	6	7	7	7	10	20	17	17	21	18	21	24
Operating Profit	72	46	57	53	69	38	52	29	69	34	82	97	67
OPM %	92%	89%	90%	88%	90%	80%	72%	63%	80%	62%	82%	82%	73%
	0	0	0	2	0	0	0	32	0	3	3	1	43
Interest	0	0	0	0	0	0	2	1	1	2	2	2	2
Depreciation	3	3	3	1	1	1	2	3	3	3	3	3	2
Profit before tax	69	43	54	54	68	37	49	57	65	32	80	93	105
Tax %	3%	16%	14%	17%	12%	23%	14%	13%	8%	16%	24%	21%
	67	36	47	45	60	29	42	50	59	27	61	74	78
EPS in Rs	69.47	37.19	48.07	46.48	62.06	29.69	43.69	51.00	61.23	28.01	62.22	74.96	78.54
Dividend Payout %	6%	11%	8%	43%	32%	67%	48%	41%	16%	36%	16%	15%

Compounded Sales Growth
10 Years:	9%
5 Years:	10%
3 Years:	11%
TTM:	20%

Compounded Profit Growth
10 Years:	7%
5 Years:	12%
3 Years:	8%
TTM:	19%

Stock Price CAGR
10 Years:	30%
5 Years:	43%
3 Years:	54%
1 Year:	83%

Return on Equity
10 Years:	5%
5 Years:	4%
3 Years:	4%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	10	10	10	10	10	10	10	10	10	10	10	10	10
Reserves	584	616	659	683	721	750	1,650	1,194	828	1,405	1,604	2,181	3,122
	0	0	0	0	0	0	16	11	12	13	11	12	13
	18	19	18	37	20	22	7	12	16	12	16	50	167
Total Liabilities	612	645	687	729	751	781	1,682	1,227	866	1,439	1,641	2,253	3,311
	13	10	7	6	6	13	38	42	43	38	39	36	33
CWIP	0	0	0	0	0	0	2	0	1	0	0	0	0
Investments	519	542	598	597	686	680	1,598	1,109	716	1,244	1,403	1,854	2,966
	80	93	82	125	59	88	44	76	107	158	198	362	312
Total Assets	612	645	687	729	751	781	1,682	1,227	866	1,439	1,641	2,253	3,311

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	-11	-4	-13	-5	-13	-16	-22	-45	-18	-28	-26	-66
	-51	12	11	10	56	19	39	69	79	31	16	90
	-3	-5	-4	-4	-43	-1	-21	-23	-32	-0	-10	-10
Net Cash Flow	-65	3	-6	0	0	3	-3	1	29	2	-20	15

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	3	2	0	0	2	14	5	1	0	0	1	0
Inventory Days
Days Payable
Cash Conversion Cycle	3	2	0	0	2	14	5	1	0	0	1	0
Working Capital Days	-22	-26	11	-159	25	53	44	336	255	551	107	101
ROCE %	12%	7%	8%	8%	10%	5%	4%	4%	6%	3%	5%	5%

Shareholding Pattern

Numbers in percentages

2 Recently

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
	73.11%	72.84%	72.61%	72.58%	72.43%	72.38%	72.37%	71.81%	71.80%	71.77%	71.77%	71.52%
	9.94%	0.37%	0.42%	0.40%	0.39%	0.62%	0.58%	0.64%	0.57%	0.69%	0.73%	0.63%
	4.14%	4.13%	4.12%	4.12%	4.11%	3.85%	3.46%	2.14%	1.94%	1.89%	1.89%	1.88%
	12.80%	22.66%	22.85%	22.91%	23.08%	23.15%	23.61%	25.39%	25.67%	25.64%	25.61%	25.97%
No. of Shareholders	16,127	18,820	18,700	18,378	18,150	17,387	17,256	17,081	16,897	16,943	17,284	16,846

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
	72.80%	72.80%	73.11%	73.11%	73.11%	72.58%	71.81%	71.52%
	9.72%	9.88%	9.90%	9.90%	9.90%	0.40%	0.64%	0.63%
	4.56%	4.56%	4.56%	4.53%	4.25%	4.12%	2.14%	1.88%
	12.92%	12.76%	12.43%	12.46%	12.74%	22.91%	25.39%	25.97%
No. of Shareholders	20,437	16,860	16,365	16,002	16,072	18,378	17,081	16,846

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Kirloskar Industries Ltd

Kirloskar Industries Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

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