Kirloskar Industries Ltd.

•

kirloskarindustries.comBSE: 500243NSE: KIRLOSIND

Market Cap₹ 3,763 Cr.

Current Price

High / Low₹ 4,575 / 2,463

Stock P/E49.8

Book Value₹ 4,672

Price to Book0.53

Dividend Yield0.36 %

ROCE2.0 %

ROE1.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2018 • Investments (Securities & Properties): 96.9% • Windpower Generation: 3.1%

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

PROS

Company has delivered good profit growth of 22.9% CAGR over last 5 years
Company is almost debt free
Company has delivered good sales growth of 28.9% CAGR over last 5 years
Company has a consistent dividend-paying track record

CONS

Operating cash flow has been negative in recent years
Recent results are weak - TTM profit is down 47.3% versus prior year
Company has a low return on capital employed of 2.6%
Company has a low return on equity of 1.9% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.51x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsEngineering - Industrial Equipments

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	BHEL	432.00	61.84	150425.14	0.32	376.71	182.70	7697.72	40.29	9.24	6.69
2.	INDOMIM	1005.45	93.18	49717.58	0.59	2401.22	—	12187.42	—	24.48	33.36
3.	THERMAX	3641.75	73.13	43393.75	0.55	21.79	-85.61	2302.73	7.09	15.85	2.98
4.	HONAUT	34123.10	54.75	30170.02	0.32	150.70	20.95	1204.40	1.80	17.04	14.32
5.	JYOTICNC	1004.05	70.98	22834.42	0.00	571.40	700.06	5084.70	1139.66	21.34	21.40
6.	INOXINDIA	2295.95	81.91	20875.34	0.09	58.07	-4.98	370.79	9.18	33.54	20.46
7.	AZAD	2773.25	128.87	17910.13	0.00	351.60	1094.62	1725.99	1159.00	12.04	37.29
8.	TRITURBINE	561.25	53.05	17842.05	0.76	51.10	-20.65	442.70	19.23	35.95	11.59
9.	TEGA	1721.30	612.04	12931.73	0.12	-1082.52	-3163.59	17234.42	4739.88	8.37	3.27
10.	LLOYDSENGG	80.63	55.91	12506.03	0.31	68.23	-77.28	527.15	142.92	17.99	15.04
11.	KENNAMET	4998.95	93.82	10986.81	0.00	31.50	11.31	267.30	12.55	18.99	17.51
12.	KIRLOSIND	3580.65	25.30	3763.11	0.36	78.75	-17.52	1779.15	4.32	8.60	12.07

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	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
	9	42	7	33	7	43	9	37	10	50	10	37	11
	4	6	8	10	7	8	6	2	4	5	5	13	7
Operating Profit	5	37	-1	23	-0	36	3	34	6	44	5	23	4
OPM %	58.45%	86.43%	-8.55%	68.37%	-3.30%	82.38%	38.27%	94.22%	59.78%	89.20%	45.59%	63.87%	39.45%
	20	7	8	8	9	7	5	10	5	9	4	6	5
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	0	1	1	1	1	1	1	1	1	1	1	0
Profit before Tax	24	43	6	29	8	42	8	44	10	52	8	29	10
Tax %	49.81%	17.71%	14.86%	23.92%	15.42%	18.64%	12.04%	30.01%	22.24%	24.93%	21.64%	17.73%	27.49%
Net Profit	12	35	5	22	6	34	7	31	8	39	6	24	7
	12.21	35.82	4.90	22.45	6.51	34.00	6.39	29.51	7.52	37.31	5.72	22.37	6.84

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4	38	46	56	30	73	87	91	96	106	108
	9	20	18	17	21	18	18	27	23	28	31
Operating Profit	-6	18	28	39	9	54	68	64	73	78	77
OPM %	-169.10%	48.06%	61.00%	70.01%	28.63%	74.92%	78.73%	69.92%	76.50%	73.56%	71.27%
	44	34	33	30	29	30	28	42	31	23	24
Interest	0	2	1	1	2	2	1	2	1	1	1
Depreciation	1	2	3	3	3	3	2	2	2	2	2
Profit before Tax	37	49	57	65	32	80	93	102	101	98	98
Tax %	23.06%	13.71%	12.83%	8.43%	16.21%	24.03%	20.27%	26.89%	22.85%	22.30%	22.83%
Net Profit	29	42	50	59	27	61	74	75	78	76	76
EPS	29.69	43.67	50.91	61.23	27.30	61.04	74.13	75.17	74.61	72.53	—
Dividend Payout %	67.37%	48.07%	41.19%	16.33%	35.71%	16.07%	14.66%	17.30%	17.42%	17.92%	—

COMPOUNDED SALES GROWTH

10 Years:: 36%
5 Years:: 29%
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: 2%
5 Years:: 23%
3 Years:: 1%

STOCK PRICE CAGR

10 Years:: 15%
5 Years:: 20%
3 Years:: 5%
1 Year:: 1%

RETURN ON EQUITY

10 Years:: 3%
5 Years:: 3%
3 Years:: 2%
Last Year:: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	10	10	10	10	10	10	10	11
	750	1,645	1,179	812	1,381	1,586	2,167	3,808	5,080	4,893
	16	1	4	0	0	0	0	0	0	0
	69	95	109	124	49	45	76	332	549	502
Total Liabilities	845	1,751	1,302	946	1,439	1,641	2,253	4,149	5,639	5,406
	7	31	22	24	20	21	18	19	31	7
Capital Work in Progress	0	2	0	0	0	0	0	0	0	0
	686	1,598	1,109	716	1,244	1,403	1,854	3,848	5,218	4,889
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	72	26	23	32	48	14	133	56	99	103
	80	93	148	174	127	202	249	228	292	407
Total Assets	845	1,751	1,302	946	1,439	1,641	2,253	4,149	5,639	5,406

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-6	-10	-39	-11	-19	-8	-15	-36	-34	-39
Cash from Investing	19	39	69	79	31	16	90	7	-25	48
Cash from Financing	-1	-21	-23	-32	-0	-10	-10	14	61	-15
	3	-3	1	29	2	-20	15	-15	-4	-8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	71.45	71.31	72.57	72.56	72.53	72.52	71.87	71.87	71.87
	0.71	0.71	0.59	0.59	0.54	0.53	0.47	0.50	0.49
	1.93	1.95	1.87	1.89	1.90	1.93	1.91	1.87	1.86
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.90	26.04	24.97	24.97	25.02	25.02	25.74	25.76	25.77

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Spurt in Volume

2026-09-11 - Significant increase in volume has been observed in Kirloskar Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Kirloskar Industries Limited has submitted their response.

2026-09-11

Spurt in Volume

2026-09-11 - Significant increase in volume has been observed in Kirloskar Industries Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Kirloskar Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-04

Shareholders meeting

2026-09-04 - Kirloskar Industries Limited has informed the Exchange regarding Notice of Postal Ballot dated 12 August 2026

2026-09-01

Appointment

2026-09-01 - Kirloskar Industries Limited has informed the Exchange regarding Appointment of Mr Sandeep Gokhale as Non- Executive Independent Director of the company w.e.f. September 01, 2026.

2026-09-01

Change in Director(s)

2026-09-01 - Kirloskar Industries Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-08-21

Record Date

2026-08-21 - Kirloskar Industries Limited has informed the Exchange that Record date for the purpose of Cut-off / Record date for Postal Ballot is 28-Aug-2026.

2026-08-18

Change in Auditors

2026-08-18 - Kirloskar Industries Limited has informed the Exchange regarding Change in Auditors of the company.

2026-08-18

Shareholders meeting

2026-08-18 - Kirloskar Industries Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.

News

Recent coverage and analyst commentary for KIRLOSIND

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Kirloskar Industries Ltd.

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Free 5nance Account

Name

BHEL

432.00

61.84

150425.14

0.32

376.71

182.70

7697.72

40.29

9.24

6.69

INDOMIM

1005.45

93.18

49717.58

0.59

2401.22

—

12187.42

—

24.48

33.36

THERMAX

3641.75

73.13

43393.75

0.55

21.79

-85.61

2302.73

7.09

15.85

2.98

HONAUT

34123.10

54.75

30170.02

0.32

150.70

20.95

1204.40

1.80

17.04

14.32

JYOTICNC

1004.05

70.98

22834.42

0.00

571.40

700.06

5084.70

1139.66

21.34

21.40

INOXINDIA

2295.95

81.91

20875.34

0.09

58.07

-4.98

370.79

9.18

33.54

20.46

AZAD

2773.25

128.87

17910.13

0.00

351.60

1094.62

1725.99

1159.00

12.04

37.29

TRITURBINE

561.25

53.05

17842.05

0.76

51.10

-20.65

442.70

19.23

35.95

11.59

TEGA

1721.30

612.04

12931.73

0.12

-1082.52

-3163.59

17234.42

4739.88

8.37

3.27

LLOYDSENGG

80.63

55.91

12506.03

0.31

68.23

-77.28

527.15

142.92

17.99

15.04

KENNAMET

4998.95

93.82

10986.81

0.00

31.50

11.31

267.30

12.55

18.99

17.51

KIRLOSIND

3580.65

25.30

3763.11

0.36

78.75

-17.52

1779.15

4.32

8.60

12.07

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

Operating Profit

-1

-0

OPM %

58.45%

86.43%

-8.55%

68.37%

-3.30%

82.38%

38.27%

94.22%

59.78%

89.20%

45.59%

63.87%

39.45%

Interest

Depreciation

Profit before Tax

Tax %

49.81%

17.71%

14.86%

23.92%

15.42%

18.64%

12.04%

30.01%

22.24%

24.93%

21.64%

17.73%

27.49%

Net Profit

12.21

35.82

4.90

22.45

6.51

34.00

6.39

29.51

7.52

37.31

5.72

22.37

6.84

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

106

108

Operating Profit

-6

OPM %

-169.10%

48.06%

61.00%

70.01%

28.63%

74.92%

78.73%

69.92%

76.50%

73.56%

71.27%

Interest

Depreciation

Profit before Tax

102

101

Tax %

23.06%

13.71%

12.83%

8.43%

16.21%

24.03%

20.27%

26.89%

22.85%

22.30%

22.83%

Net Profit

EPS

29.69

43.67

50.91

61.23

27.30

61.04

74.13

75.17

74.61

72.53

—

Dividend Payout %

67.37%

48.07%

41.19%

16.33%

35.71%

16.07%

14.66%

17.30%

17.42%

17.92%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

750

1,645

1,179

812

1,381

1,586

2,167

3,808

5,080

4,893

109

124

332

549

502

Total Liabilities

845

1,751

1,302

946

1,439

1,641

2,253

4,149

5,639

5,406

Capital Work in Progress

686

1,598

1,109

716

1,244

1,403

1,854

3,848

5,218

4,889

Cash & Bank

133

103

148

174

127

202

249

228

292

407

Total Assets

845

1,751

1,302

946

1,439

1,641

2,253

4,149

5,639

5,406

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-6

-10

-39

-11

-19

-8

-15

-36

-34

-39

Cash from Investing

-25

Cash from Financing

-1

-21

-23

-32

-0

-10

-15

-3

-20

-15

-4

-8

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

71.45

71.31

72.57

72.56

72.53

72.52

71.87

0.71

0.59

0.54

0.53

0.47

0.50

0.49

1.93

1.95

1.87

1.89

1.90

1.93

1.91

1.87

1.86

Government

0.00

25.90

26.04

24.97

25.02

25.74

25.76

25.77

Kirloskar Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Kirloskar Industries Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI