Kirloskar Industries Ltd

Kirloskar Industries is engaged in wind-power generation and manufacturing of iron castings.(Source : 201903 Annual Report Page No: 162)

  • Market Cap: 503.26 Cr.
  • Current Price: 520.60
  • 52 weeks High / Low 922.00 / 355.00
  • Book Value: 1,164
  • Stock P/E: 10.65
  • Dividend Yield: 4.03 %
  • ROCE: 4.03 %
  • ROE: 3.46 %
  • Sales Growth (3Yrs): 0.72 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 0.45 times its book value
Stock is providing a good dividend yield of 4.03%.
Company has been maintaining a healthy dividend payout of 52.21%
Cons:
The company has delivered a poor growth of 4.16% over past five years.
Tax rate seems low
Company has a low return on equity of 3.56% for last 3 years.
Earnings include an other income of Rs.31.11 Cr.
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
0.86 0.47 30.71 2.04 3.79 1.90 30.54 2.00 11.59 1.97 28.01 1.67
3.26 2.20 3.28 5.46 8.99 4.43 2.62 5.58 4.53 3.64 3.79 3.72
Operating Profit -2.40 -1.73 27.43 -3.42 -5.20 -2.53 27.92 -3.58 7.06 -1.67 24.22 -2.05
OPM % -279.07% -368.09% 89.32% -167.65% -137.20% -133.16% 91.42% -179.00% 60.91% -84.77% 86.47% -122.75%
Other Income 9.45 9.78 8.42 8.48 8.45 8.54 8.12 6.97 8.26 6.94 8.96 6.95
Interest 0.00 0.37 0.37 0.41 0.40 0.42 0.38 0.31 0.29 0.30 0.31 0.32
Depreciation 0.34 0.23 0.34 0.46 0.47 0.54 0.67 0.67 0.68 0.70 0.74 0.75
Profit before tax 6.71 7.45 35.14 4.19 2.38 5.05 34.99 2.41 14.35 4.27 32.13 3.83
Tax % 36.81% 28.19% 5.55% 40.57% 41.60% 31.09% 9.03% 26.14% 13.45% 32.79% 7.00% 16.71%
Net Profit 4.24 5.35 33.19 2.49 1.39 3.48 31.83 1.78 12.42 2.87 29.88 3.19
EPS in Rs 4.37 5.51 34.18 2.56 1.43 3.58 32.78 1.84 12.79 2.95 30.78 3.29
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
2,126.46 2,095.10 4.66 4.19 78.17 51.77 63.56 60.31 76.25 47.94 72.10 77.92 43.24
1,947.29 1,901.63 5.71 5.63 6.17 5.71 6.64 7.26 7.44 9.50 19.93 17.19 15.68
Operating Profit 179.17 193.47 -1.05 -1.44 72.00 46.06 56.92 53.05 68.81 38.44 52.17 60.73 27.56
OPM % 8.43% 9.23% -22.53% -34.37% 92.11% 88.97% 89.55% 87.96% 90.24% 80.18% 72.36% 77.94% 63.74%
Other Income 71.52 104.67 46.08 64.70 0.38 0.02 0.22 2.16 0.45 0.03 0.04 0.00 31.11
Interest 19.71 37.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1.55 1.37 1.22
Depreciation 43.86 80.41 3.05 3.05 3.17 3.12 3.07 0.92 0.89 1.00 1.50 2.56 2.87
Profit before tax 187.12 180.14 41.98 60.21 69.21 42.96 54.07 54.29 68.37 37.47 49.16 56.80 54.58
Tax % 36.43% 35.66% 7.84% 8.09% 2.54% 15.95% 13.69% 16.87% 11.89% 23.06% 13.71% 12.83%
Net Profit 118.95 115.90 38.69 55.34 67.45 36.11 46.67 45.13 60.25 28.82 42.42 49.51 48.36
EPS in Rs 5.79 5.80 34.75 56.59 69.46 37.19 48.07 46.48 62.06 29.69 43.69 50.99 49.81
Dividend Payout % 32.64% 16.75% 18.82% 4.39% 5.76% 10.76% 8.32% 43.03% 32.23% 67.38% 48.07% 41.19%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:-28.05%
5 Years:4.16%
3 Years:0.72%
TTM:13.10%
Compounded Profit Growth
10 Years:-7.96%
5 Years:1.19%
3 Years:-6.33%
TTM:22.77%
Stock Price CAGR
10 Years:0.35%
5 Years:-0.69%
3 Years:-22.42%
1 Year:-36.50%
Return on Equity
10 Years:5.66%
5 Years:4.73%
3 Years:3.56%
Last Year:3.46%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
38.83 38.83 9.71 9.71 9.71 9.71 9.71 9.71 9.71 9.71 9.71 9.71 9.71
Reserves 876.16 921.25 468.94 521.45 584.39 615.99 659.41 682.63 721.29 750.12 1,649.79 1,193.51 1,120.21
Borrowings 342.89 348.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.68 11.13 11.43
674.88 517.78 25.60 21.37 17.79 18.87 18.14 36.71 19.92 21.65 6.76 12.47 11.82
Total Liabilities 1,932.76 1,826.85 504.25 552.53 611.89 644.57 687.26 729.05 750.92 781.48 1,681.94 1,226.82 1,153.17
645.97 654.84 28.81 15.25 12.71 9.84 7.00 6.42 5.81 12.77 38.04 42.13 41.17
CWIP 64.93 18.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 2.36 0.00 0.06
Investments 476.33 471.88 425.61 463.41 518.68 542.10 597.91 597.29 686.45 680.30 1,598.03 1,108.61 1,025.16
745.53 681.99 49.83 73.87 80.50 92.63 82.35 125.34 58.66 88.23 43.51 76.08 86.78
Total Assets 1,932.76 1,826.85 504.25 552.53 611.89 644.57 687.26 729.05 750.92 781.48 1,681.94 1,226.82 1,153.17

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
204.31 65.68 3.67 -15.91 -11.01 -4.10 -12.88 -5.39 -12.91 -15.63 -21.57 -45.19
-363.17 0.48 71.17 65.71 -51.28 11.90 11.11 9.69 56.10 18.94 39.03 69.41
179.16 -48.65 -56.45 -0.24 -3.13 -4.72 -4.20 -4.09 -42.70 -0.56 -20.85 -22.76
Net Cash Flow 20.30 17.51 18.39 49.56 -65.42 3.08 -5.97 0.21 0.50 2.75 -3.39 1.46

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 18.34% 16.68% 3.67% 7.51% 12.32% 7.05% 8.35% 7.98% 9.61% 5.03% 4.16% 4.03%
Debtor Days 61.19 50.95 1,516.39 14.81 3.46 2.04 0.00 0.00 2.20 13.55 5.26 0.66
Inventory Turnover 12.42 13.18 0.08 10,354.00 4,237.33 3,015.50 5,083.33 3,196.00 7,210.00