Kirloskar Oil Engines Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Business to Business(B2B): 73.8% • Business to Customer(B2C): 14.8% • Financial Services: 11.4%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 23.1% CAGR over last 5 years
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 18.5% CAGR over last 5 years
- Operating margins have improved to 18.4% from 15.2%
- Company has a consistent dividend-paying track record
CONS
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.19x)
- Receivables are growing faster than sales - a possible quality concern
- Operating cash flow has been negative in recent years
- Valuation is stretched - P/E of 57.8 is well above its own 5-year median (28.2)
- Recurring exceptional / one-off items are inflating headline profit
- Stock is trading at 5.4x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| CUMMINSIND | 5085.00 | 59.55 | 140956.20 | 1.30 | 609.30 | 0.89 | 3426.01 | 19.84 | 38.64 | 20.61 |
| KIRLOSENG | 2167.65 | 57.76 | 31543.61 | 0.32 | 111.06 | -20.05 | 1999.53 | 13.36 | 14.46 | 15.02 |
| GREAVESCOT | 192.25 | 44.87 | 4478.49 | 1.04 | 6.16 | -70.46 | 974.12 | 30.68 | 8.77 | 5.78 |
| SWARAJENG | 3574.45 | 21.51 | 4342.91 | 3.08 | 55.53 | 11.13 | 588.39 | 21.54 | 58.13 | 13.05 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,543 | 1,305 | 1,391 | 1,660 | 1,632 | 1,499 | 1,449 | 1,749 | 1,764 | 1,948 | 1,873 | 2,116 | 2,000 | |
| 1,277 | 1,103 | 1,133 | 1,357 | 1,307 | 1,201 | 1,197 | 1,437 | 1,437 | 1,567 | 1,541 | 1,741 | 1,864 | |
| Operating Profit | 266 | 202 | 258 | 303 | 325 | 297 | 253 | 312 | 327 | 382 | 331 | 376 | 136 |
| OPM % | 17.27% | 15.47% | 18.55% | 18.25% | 19.89% | 19.83% | 17.42% | 17.86% | 18.52% | 19.59% | 17.70% | 17.75% | 6.79% |
| 6 | 8 | -25 | 23 | 17 | 19 | 11 | 36 | 35 | 13 | -13 | 4 | 15 | |
| Interest | 76 | 74 | 82 | 97 | 101 | 117 | 133 | 131 | 139 | 136 | 128 | 120 | 116 |
| Depreciation | 27 | 30 | 31 | 31 | 30 | 33 | 37 | 39 | 40 | 42 | 43 | 49 | 49 |
| Profit before Tax | 169 | 106 | 121 | 198 | 210 | 166 | 93 | 179 | 182 | 216 | 148 | 210 | 151 |
| Tax % | 26.27% | 25.88% | 26.62% | 26.02% | 26.08% | 24.95% | 28.25% | 29.43% | 26.40% | 26.40% | 26.10% | 26.08% | 26.48% |
| Net Profit | 0 | 0 | 0 | 0 | 156 | 125 | 68 | 127 | 139 | 159 | 109 | 155 | 111 |
| 8.67 | 5.38 | 6.20 | 10.25 | 10.96 | 8.79 | 4.91 | 9.00 | 9.44 | 11.18 | 7.66 | 10.91 | 7.82 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,674 | 3,055 | 3,626 | 3,379 | 3,296 | 4,020 | 5,024 | 5,898 | 6,329 | 7,701 | 7,937 | |
| 2,392 | 2,790 | 3,253 | 3,092 | 2,909 | 3,610 | 4,290 | 4,870 | 5,179 | 6,286 | 6,712 | |
| Operating Profit | 282 | 265 | 374 | 287 | 387 | 410 | 734 | 1,029 | 1,150 | 1,415 | 1,225 |
| OPM % | 10.53% | 8.69% | 10.31% | 8.50% | 11.74% | 10.19% | 14.61% | 17.44% | 18.17% | 18.38% | 15.43% |
| 85 | 72 | 65 | 59 | 17 | 29 | 28 | 16 | 124 | 44 | 18 | |
| Interest | 3 | 12 | 13 | 14 | 50 | 106 | 210 | 332 | 487 | 529 | 499 |
| Depreciation | 111 | 123 | 94 | 87 | 84 | 101 | 105 | 119 | 139 | 174 | 183 |
| Profit before Tax | 253 | 203 | 331 | 245 | 270 | 232 | 449 | 595 | 649 | 756 | 725 |
| Tax % | 31.17% | 32.74% | 33.74% | 23.23% | 26.80% | 26.31% | 26.12% | 26.13% | 26.99% | 26.25% | 26.27% |
| Net Profit | 174 | 136 | 220 | 188 | 197 | 171 | 332 | 440 | 474 | 558 | 535 |
| EPS | 12.02 | 9.66 | 15.16 | 12.81 | 13.48 | 12.03 | 22.88 | 30.48 | 33.69 | 39.51 | — |
| Dividend Payout % | 41.58% | 51.75% | 32.99% | 31.23% | 29.67% | 33.14% | 21.77% | 19.68% | 19.29% | 17.72% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 18%
- 3 Years:
- 15%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 13%
- 5 Years:
- 24%
- 3 Years:
- 20%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 59%
- 3 Years:
- 63%
- 1 Year:
- 146%
RETURN ON EQUITY
- 10 Years:
- 13%
- 5 Years:
- 15%
- 3 Years:
- 17%
- Last Year:
- 17%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16 | -30 | -45 |
| 1,588 | 1,547 | 1,670 | 1,712 | 1,886 | 2,041 | 2,261 | 2,631 | 3,036 | 3,563 | |
| 36 | 233 | 188 | 303 | 851 | 1,973 | 2,671 | 3,447 | 4,613 | 4,164 | |
| Trade Payables | 355 | 489 | 439 | 414 | 594 | 576 | 678 | 794 | 708 | 947 |
| 163 | 203 | 269 | 302 | 436 | 402 | 1,070 | 1,380 | 2,121 | 2,188 | |
| Total Liabilities | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,710 | 8,265 | 10,478 | 10,846 |
| 438 | 702 | 663 | 623 | 698 | 721 | 689 | 769 | 1,183 | 1,327 | |
| Capital Work in Progress | 9 | 18 | 18 | 30 | 32 | 24 | 18 | 252 | 71 | 61 |
| 988 | 675 | 711 | 433 | 834 | 738 | 658 | 489 | 601 | 440 | |
| 226 | 345 | 310 | 406 | 379 | 388 | 545 | 644 | 591 | 744 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 607 | 696 | 953 | |
| Cash & Bank | 20 | 70 | 198 | 143 | 258 | 174 | 290 | 505 | 997 | 1,250 |
| 490 | 690 | 695 | 1,125 | 1,596 | 2,976 | 4,510 | 4,999 | 6,340 | 6,071 | |
| Total Assets | 2,170 | 2,500 | 2,595 | 2,759 | 3,797 | 5,021 | 6,710 | 8,265 | 10,478 | 10,846 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 200 | 221 | 313 | -47 | 30 | -962 | -799 | -469 | -739 | 932 | |
| Cash from Investing | -190 | 7 | -38 | 233 | -465 | -3 | -144 | -109 | -523 | -321 |
| Cash from Financing | 2 | -96 | -153 | -43 | 599 | 950 | 1,182 | 800 | 1,510 | -589 |
| -16 | 48 | 1 | 67 | 118 | -93 | 117 | 223 | 248 | 23 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - Kirloskar Oil Engines Limited has informed the Exchange about Schedule of meet
2026-09-02 - Kirloskar Oil Engines Limited has informed the Exchange regarding 'Press Release'.
2026-08-28 - Kirloskar Oil Engines Limited has informed the Exchange about Outcome of Investor Call
2026-08-28 - Kirloskar Oil Engines Limited has informed the Exchange about Outcome of Investor Call - Please note that the 1X1 Meeting scheduled with ICICI Pru Mutual Fund on 28th August 2026 at 10.30 AM, as intimated vide our letter dated 25th August 2026, was cancelled due to scheduled changes and consequently the said meeting was not held today.
2026-08-26 - Kirloskar Oil Engines Limited has informed the Exchange about Outcome of Investor Call held on 26 Aug 2026
2026-08-25 - Kirloskar Oil Engines Limited has informed the Exchange about Schedule of meet on 28th August 2026 at 3.30 PM
2026-08-25 - Kirloskar Oil Engines Limited has informed the Exchange about Schedule of meet on 28th August 2026 at 10.30 AM
2026-08-22 - Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-21 - Kirloskar Oil Engines Limited has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for KIRLOSENG
Loading news…
AI Stock Analyst
Kirloskar Oil Engines Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account