Kirloskar Industries Ltd

Kirloskar Industries Ltd

₹ 4,710 -1.01%
13 Dec - 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 4,904 Cr.
  • Current Price 4,710
  • High / Low 6,699 / 3,300
  • Stock P/E 25.0
  • Book Value 6,643
  • Dividend Yield 0.28 %
  • ROCE 10.7 %
  • ROE 5.40 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.71 times its book value

Cons

  • Company has a low return on equity of 7.04% over last 3 years.
  • Dividend payout has been low at 5.50% of profits 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
985 936 1,037 1,496 1,786 1,606 1,574 1,508 1,578 1,554 1,729 1,559 1,688
777 801 932 1,324 1,562 1,364 1,352 1,300 1,315 1,325 1,488 1,380 1,476
Operating Profit 208 135 105 172 224 242 222 209 263 228 240 179 212
OPM % 21% 14% 10% 12% 13% 15% 14% 14% 17% 15% 14% 11% 13%
7 7 16 17 25 10 17 10 -25 14 -19 12 19
Interest 5 6 14 21 25 25 26 30 30 30 32 34 37
Depreciation 22 23 28 41 42 44 49 47 58 64 73 61 64
Profit before tax 187 113 79 127 182 183 164 142 150 148 116 96 130
Tax % 28% 25% 156% 19% 28% 28% 43% 34% 39% 29% 39% 31% 29%
135 85 -44 103 131 133 93 94 91 105 71 66 92
EPS in Rs 77.99 45.78 0.12 49.42 70.41 64.18 44.39 41.13 46.00 43.42 61.67 28.72 47.75
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 Mar 2024 TTM
1,239 1,368 1,119 1,137 1,826 2,222 1,916 2,080 3,810 6,490 6,396 6,529
1,127 1,222 970 968 1,674 1,962 1,650 1,598 3,125 5,603 5,430 5,670
Operating Profit 112 147 148 170 152 260 265 482 685 886 965 859
OPM % 9% 11% 13% 15% 8% 12% 14% 23% 18% 14% 15% 13%
51 52 56 50 2 2 14 2 10 43 -45 26
Interest 23 30 24 14 13 18 19 27 31 97 122 134
Depreciation 37 51 45 47 51 57 60 79 95 175 242 262
Profit before tax 103 117 136 159 91 188 200 378 568 658 556 490
Tax % 25% 27% 26% 25% 25% 30% 25% 18% 44% 30% 35%
78 86 100 119 68 132 151 311 316 460 361 333
EPS in Rs 60.08 63.50 74.46 77.66 51.10 86.60 98.77 168.71 197.95 220.11 201.86 181.56
Dividend Payout % 7% 32% 27% 26% 41% 24% 10% 6% 5% 5% 6%
Compounded Sales Growth
10 Years: 18%
5 Years: 24%
3 Years: 45%
TTM: 4%
Compounded Profit Growth
10 Years: 15%
5 Years: 21%
3 Years: 11%
TTM: -4%
Stock Price CAGR
10 Years: 23%
5 Years: 51%
3 Years: 47%
1 Year: 38%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 7%
Last Year: 5%

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 Mar 2024 Sep 2024
Equity Capital 10 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 3,243 4,982 6,906
190 133 108 97 88 138 323 305 1,216 979 1,241 1,360
592 589 515 597 829 938 954 1,145 3,241 3,301 3,529 4,287
Total Liabilities 1,504 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,534 9,761 12,563
553 548 556 587 599 650 897 1,057 2,780 3,107 3,259 3,363
CWIP 23 31 8 19 76 62 144 243 418 423 768 780
Investments 423 422 511 505 1,423 933 541 1,068 1,190 1,575 3,392 5,537
505 480 357 467 608 796 728 828 2,398 2,429 2,342 2,883
Total Assets 1,504 1,482 1,432 1,578 2,706 2,441 2,310 3,196 6,786 7,534 9,761 12,563

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 Mar 2024
83 156 104 88 107 112 185 256 317 760 575
-69 -56 6 -51 -31 -108 -258 -194 -211 -369 -600
-9 -101 -113 -28 -87 -4 108 -56 -56 -397 -4
Net Cash Flow 6 -1 -4 9 -11 0 35 6 50 -5 -29

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 Mar 2024
Debtor Days 56 47 46 63 59 62 56 63 78 46 52
Inventory Days 74 52 57 76 64 66 77 94 138 111 113
Days Payable 114 91 84 102 105 116 122 122 149 101 100
Cash Conversion Cycle 17 8 19 37 17 12 11 35 66 55 65
Working Capital Days 13 -6 26 45 17 40 38 34 72 47 52
ROCE % 13% 14% 14% 6% 10% 12% 19% 15% 13% 11%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
72.61% 72.58% 72.43% 72.38% 72.37% 71.81% 71.80% 71.77% 71.77% 71.52% 71.44% 71.31%
0.42% 0.40% 0.39% 0.62% 0.58% 0.64% 0.57% 0.69% 0.73% 0.63% 0.71% 0.70%
4.12% 4.12% 4.11% 3.85% 3.46% 2.14% 1.94% 1.89% 1.89% 1.88% 1.94% 1.95%
22.85% 22.91% 23.08% 23.15% 23.61% 25.39% 25.67% 25.64% 25.61% 25.97% 25.90% 26.03%
No. of Shareholders 18,70018,37818,15017,38717,25617,08116,89716,94317,28416,84618,89419,357

* 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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