Kirloskar Oil Eng

₹366.8 -14.1 | 3.7%

WEBSITE BSE:533293 NSE : KIRLOIL ENG 28 Mar, 10:51

Market Cap ₹5292 Cr.

Stock P/E 16.5

P/B 2.3

Current Price ₹366.8

Book Value ₹ 156.8

Face Value 2

52W High ₹405.5

Dividend Yield 1.09%

52W Low ₹ 124

Edit Ratio

Kirloskar Oil Eng Research see more...

Equity Research: Kirloskar Oil Engines Ltd

Equity Research: Kirloskar Oil Engines

Overview Inc. Year: 2009Industry: Engineering - Industrial Equipments

Kirloskar Oil Engines Ltd is engaged in production of diesel engines, agricultural pumpsets and producing sets. The Company is concerned in the manufacture of internal combustion engines, producing sets and components, which can be used for various programs, including agriculture, business, stationery power plants and construction equipment, among others. The Company's agencies comprises power generation domestic, industrial engines, agriculture, large engines and global enterprise power generation. It specializes within the manufacture of both air-cooled and liquid-cooled diesel engines and generating units throughout various power output from 5 kilo-volt-ampere (kVA) to 3000 KVA. The Company also offers engines running on opportunity fuels, consisting of bio-diesel, natural gas, biogas and straight vegetable oil (SVO). It manufactures and markets diesel engines from 2,400 hp to 11,000 hp. The Company's brands consist of KOEL Green and KOEL Chhota Chilli (KCC).

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Kirloskar Oil Eng Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	828	959	1087	821	1001	1018	1182	1191	1228	1220
Other Income	7	8	7	6	7	5	8	6	5	7
Total Income	835	966	1094	827	1009	1023	1190	1197	1234	1227
Total Expenditure	719	838	940	737	904	930	1039	1018	1047	1028
Operating Profit	115	128	154	90	105	93	151	179	186	199
Interest	13	16	17	20	22	28	35	42	47	57
Depreciation	20	21	23	26	25	25	25	27	26	26
Exceptional Income / Expenses	0	0	-8	0	0	0	0	0	0	0
Profit Before Tax	82	91	106	44	57	40	91	110	113	116
Provision for Tax	23	24	28	12	16	11	23	28	31	28
Profit After Tax	60	67	78	32	42	29	68	82	82	88
Adjustments	0	-0	-0	-0	1	2	2	-0	1	0
Profit After Adjustments	60	66	78	32	42	31	69	82	84	88
Adjusted Earnings Per Share	4.1	4.6	5.4	2.2	2.9	2.1	4.8	5.6	5.8	6.1

Kirloskar Oil Eng Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	2464	2674	3055	3626	3379	3296	4020	4821
Other Income	84	85	72	65	43	25	29	26
Total Income	2548	2758	3127	3692	3422	3321	4049	4848
Total Expenditure	2197	2392	2790	3253	3092	2909	3610	4132
Operating Profit	351	366	337	439	330	412	439	715
Interest	9	3	12	13	14	50	106	181
Depreciation	111	111	123	94	87	84	101	104
Exceptional Income / Expenses	-25	0	0	0	16	-8	0	0
Profit Before Tax	205	253	203	331	245	270	232	430
Provision for Tax	40	79	66	112	57	72	61	110
Profit After Tax	165	174	136	220	188	197	171	320
Adjustments	0	0	4	-0	-3	-2	4	3
Profit After Adjustments	165	174	140	219	185	195	175	323
Adjusted Earnings Per Share	11.4	12	9.7	15.2	12.8	13.5	12.1	22.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	22%	3%	8%	0%
Operating Profit CAGR	7%	0%	4%	0%
PAT CAGR	-13%	-8%	-0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	176%	64%	2%	8%
ROE Average	9%	10%	10%	11%
ROCE Average	10%	13%	14%	14%

Kirloskar Oil Eng Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	1444	1617	1575	1699	1745	1922	2082
Minority's Interest	0	0	0	0	0	0	0
Borrowings	0	0	5	17	64	417	1066
Other Non-Current Liabilities	55	66	146	158	201	205	91
Total Current Liabilities	471	487	773	722	748	1252	1783
Total Liabilities	1970	2170	2500	2595	2759	3797	5021
Fixed Assets	475	438	702	663	623	698	721
Other Non-Current Assets	146	97	134	172	456	806	1546
Total Current Assets	1349	1636	1664	1760	1680	2293	2754
Total Assets	1970	2170	2500	2595	2759	3797	5021

Kirloskar Oil Eng Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	23	29	13	61	62	128	246
Cash Flow from Operating Activities	99	171	136	192	-124	-16	-1041
Cash Flow from Investing Activities	81	-190	7	-38	233	-465	-3
Cash Flow from Financing Activities	-176	2	-96	-153	-43	599	950
Net Cash Inflow / Outflow	5	-16	48	1	67	118	-93
Closing Cash & Cash Equivalent	29	13	61	62	128	246	153

Kirloskar Oil Eng Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	11.44	12.03	9.66	15.16	12.81	13.48	12.07
CEPS(Rs)	19.14	19.68	17.95	21.72	19.03	19.46	18.8
DPS(Rs)	5	5	5	5	4	4	4
Book NAV/Share(Rs)	99.85	111.84	108.95	117.47	120.36	132.42	143.18
Core EBITDA Margin(%)	10.09	9.79	8.53	10.31	8.5	11.74	10.19
EBIT Margin(%)	8.1	8.88	6.88	9.5	7.66	9.7	8.39
Pre Tax Margin(%)	7.76	8.78	6.51	9.14	7.24	8.18	5.76
PAT Margin (%)	6.26	6.04	4.38	6.06	5.56	5.99	4.24
Cash Profit Margin (%)	10.46	9.89	8.34	8.66	8.14	8.54	6.76
ROA(%)	8.4	8.4	5.83	8.62	7.02	6.02	3.87
ROE(%)	11.46	11.36	8.53	13.42	10.93	10.8	8.56
ROCE(%)	14.76	16.58	12.79	19.65	13.95	13.66	9.93
Receivable days	21.84	22.79	35.37	40.72	44.27	47.1	41.17
Inventory Days	28.4	27.38	33.48	32.92	38.63	43.48	34.83
Payable days	79.46	72.73	74.48	68.79	67.84	83.73	77.22
PER(x)	18.51	32.43	33.55	11.51	6.79	12.15	10.94
Price/Book(x)	2.12	3.49	2.98	1.49	0.72	1.24	0.92
Dividend Yield(%)	2.36	1.28	1.54	2.87	4.6	2.44	3.03
EV/Net Sales(x)	1.23	2.11	1.56	0.67	0.38	0.89	0.92
EV/Core EBITDA(x)	8.62	15.38	14.11	5.5	3.92	7.15	8.41
Net Sales Growth(%)	0	8.53	14.28	18.69	-6.81	-2.47	21.96
EBIT Growth(%)	0	19.3	-16.19	60.88	-24.82	23.5	5.56
PAT Growth(%)	0	5.12	-21.66	61.22	-14.45	5.06	-13.6
EPS Growth(%)	0	5.12	-19.65	56.86	-15.51	5.28	-10.48
Debt/Equity(x)	0.01	0.01	0.09	0.05	0.1	0.44	0.94
Current Ratio(x)	2.86	3.36	2.15	2.44	2.25	1.83	1.54
Quick Ratio(x)	2.43	2.9	1.71	2.01	1.7	1.53	1.33
Interest Cover(x)	23.69	90.91	18.54	26.56	18.22	6.38	3.18
Total Debt/Mcap(x)	0	0	0.03	0.04	0.14	0.35	1.02

Kirloskar Oil Eng Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	59.44	59.44	59.44	59.44	59.44	59.44	59.44	59.44	59.44	59.42
FII	10.24	10.25	6.23	6.25	6.38	1.33	1.04	1.02	2.64	3.6
DII	11.8	10.5	14.08	13.83	13.36	16.91	16.7	16.8	13.54	14.66
Public	18.52	19.8	20.24	20.48	20.81	22.32	22.82	22.73	24.38	22.32
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6	8.6
FII	1.48	1.48	0.9	0.9	0.92	0.19	0.15	0.15	0.38	0.52
DII	1.71	1.52	2.04	2	1.93	2.44	2.41	2.43	1.96	2.12
Public	2.68	2.86	2.93	2.96	3.01	3.23	3.3	3.29	3.53	3.23
Others	0	0	0	0	0	0	0	0	0	0
Total	14.46	14.46	14.46	14.46	14.46	14.46	14.46	14.46	14.46	14.47