Kirloskar Industries Ltd

Kirloskar Industries Ltd

₹ 4,115 1.67%
28 Mar - close price
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]

  • Market Cap 4,085 Cr.
  • Current Price 4,115
  • High / Low 4,430 / 2,380
  • Stock P/E 22.2
  • Book Value 4,101
  • Dividend Yield 0.27 %
  • ROCE 13.4 %
  • ROE 8.23 %
  • Face Value 10.0

Pros

  • Stock is trading at 1.00 times its book value
  • Company has delivered good profit growth of 34.6% CAGR over last 5 years
  • Debtor days have improved from 62.3 to 46.0 days.

Cons

  • Company has a low return on equity of 9.43% over last 3 years.

* 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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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
592 751 824 985 936 1,037 1,496 1,786 1,606 1,574 1,508 1,578 1,554
451 560 616 777 801 932 1,324 1,562 1,364 1,352 1,300 1,315 1,325
Operating Profit 141 191 209 208 135 105 172 224 242 222 209 263 228
OPM % 24% 25% 25% 21% 14% 10% 12% 13% 15% 14% 14% 17% 15%
6 7 8 7 7 16 17 25 10 17 10 -25 14
Interest 7 6 6 5 6 14 21 25 25 26 30 30 30
Depreciation 20 21 22 22 23 28 41 42 44 49 47 58 64
Profit before tax 120 171 189 187 113 79 127 182 183 165 142 150 148
Tax % 2% 22% 25% 28% 25% 156% 19% 28% 28% 43% 34% 39% 29%
118 134 141 135 85 -44 103 131 133 93 94 91 105
EPS in Rs 62.41 69.52 74.91 77.99 45.78 0.12 49.42 70.41 64.18 44.39 41.13 46.00 43.42
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,239 1,368 1,119 1,137 1,826 2,222 1,916 2,080 3,810 6,493 6,214
1,127 1,222 970 968 1,674 1,962 1,650 1,598 3,125 5,605 5,292
Operating Profit 112 147 148 170 152 260 265 482 685 888 922
OPM % 9% 11% 13% 15% 8% 12% 14% 23% 18% 14% 15%
51 52 56 50 2 2 14 2 10 43 16
Interest 23 30 24 14 13 18 19 27 31 97 116
Depreciation 37 51 45 47 51 57 60 79 95 176 218
Profit before tax 103 117 136 159 91 188 200 378 568 658 605
Tax % 25% 27% 26% 25% 25% 30% 25% 18% 44% 30%
78 86 100 119 68 132 151 311 316 460 383
EPS in Rs 60.08 63.50 74.46 77.66 51.10 86.60 98.77 168.71 197.95 226.94 174.94
Dividend Payout % 7% 32% 27% 26% 41% 24% 10% 6% 5% 5%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 50%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 32%
TTM: 35%
Stock Price CAGR
10 Years: 30%
5 Years: 40%
3 Years: 49%
1 Year: 70%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 713 750 799 875 1,779 1,356 1,023 1,736 2,319 3,063 4,047
190 133 108 97 88 138 323 305 1,216 979 1,237
592 589 515 597 829 938 954 1,145 3,241 3,481 3,650
Total Liabilities 1,504 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,533 8,944
553 548 556 587 599 650 897 1,057 2,780 3,109 3,262
CWIP 23 31 8 19 76 62 144 243 418 423 434
Investments 423 422 511 505 1,423 933 541 1,068 1,190 1,575 2,618
505 480 357 467 608 796 728 828 2,398 2,426 2,630
Total Assets 1,504 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,533 8,944

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
83 156 104 88 107 112 185 256 317 760
-69 -56 6 -51 -31 -108 -258 -194 -211 -369
-9 -101 -113 -28 -87 -4 108 -56 -56 -397
Net Cash Flow 6 -1 -4 9 -11 0 35 6 50 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 56 47 46 63 59 62 56 63 78 46
Inventory Days 74 52 57 76 64 66 77 94 138 111
Days Payable 114 91 84 102 105 116 122 122 149 101
Cash Conversion Cycle 17 8 19 37 17 12 11 35 66 55
Working Capital Days 13 -6 26 45 17 40 38 34 72 47
ROCE % 13% 14% 14% 6% 10% 12% 19% 15% 13%

Shareholding Pattern

Numbers in percentages

3 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
73.11% 73.11% 72.84% 72.61% 72.58% 72.43% 72.38% 72.37% 71.81% 71.80% 71.77% 71.77%
9.90% 9.94% 0.37% 0.42% 0.40% 0.39% 0.62% 0.58% 0.64% 0.57% 0.69% 0.73%
4.25% 4.14% 4.13% 4.12% 4.12% 4.11% 3.85% 3.46% 2.14% 1.94% 1.89% 1.89%
12.74% 12.80% 22.66% 22.85% 22.91% 23.08% 23.15% 23.61% 25.39% 25.67% 25.64% 25.61%
No. of Shareholders 16,07216,12718,82018,70018,37818,15017,38717,25617,08116,89716,94317,284

* 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.

Click on the line-items to see the names of individual entities.

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