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Kirloskar Electric Company Ltd (KECL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533193 NSE: KECL Electric Equipment | Small Cap | Kirloskar Electric Share Price
₹122.85 3.45 (2.89%)
As on 18-Sep'26 16:59
Kirloskar Electric Company Ltd (KECL)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533193 NSE: KECL Electric Equipment | Small Cap | Kirloskar Electric Share Price
₹122.85 3.45 (2.89%)
As on 18-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹816 Cr.
Current Price
₹122.9
52-Week Low / High
₹75 / 155
TTM EPS
₹1.1
TTM Sales
₹561 Cr.
Book Value per Share
₹-33.1
P/E Ratio
109.37
Higher than its 5-year historical median
Industry PE
54
Price to Book (P/B)
-3.71
Lower than its 5-year historical median
Price to Sales (P/S)
1.45
In line with its 5-year historical median
EV/EBITDA
19.85
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
1.35%
Operating Profit Margin
6.3%
Net Profit Margin
1.42%
Gross Profit Margin
3.6%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.37%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
124.66%
Asset Quality
Promoter Holding
49.74%
Pledged shares (%) of Promoter's holding (%)
75.33%
Reserves
₹-286 Cr.
Equity
₹66.4 Cr.
Face Value
₹10
All Time Low / High
₹6.70 / 390.00
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Kirloskar Electric Company Ltd a good quality company?
Kirloskar Electric Company Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Kirloskar Electric Company Ltd performance compare with that of its Peers?
Revenue growth of Kirloskar Electric Company Ltd vs industry peers?
Kirloskar Electric Company Ltd revenue CAGR is 16.25%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Kirloskar Electric Company Ltd?
Promoters hold 49.74% of the Kirloskar Electric Company Ltd, with 75.33% of their stake pledged, indicating high pledge risk.
Stock return of Kirloskar Electric Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 6.9% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kirloskar Electric Company Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.9% | -24.3% | 19.9% | -198.3% | 0% | 0% | 0% | 0% | 0% | 0% | - |
| Value Creation Index ⓘ | NA | NA | NA | NA | NA | NA | NA | NA | NA | NA | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 572 | 370 | 294 | 314 | 278 | 335 | 474 | 557 | 544 | 589 | 561 |
| Sales YoY Gr. | - | -35.2% | -20.5% | 6.8% | -11.7% | 20.6% | 41.5% | 17.7% | -2.4% | 8.4% | - |
| Adj EPS ⓘ | -3.7 | -11.6 | -8.8 | -13.4 | -16.2 | 5.1 | 3.9 | 2.3 | 0 | 1.5 | 0.6 |
| YoY Gr. | - | NA | NA | NA | NA | NA | -23.5% | -41.4% | -98.7% | 4800% | - |
| BVPS (₹) ⓘ | -4.1 | -15.5 | -18.2 | -31.3 | -47.4 | -38.6 | -34.7 | -32.5 | -33.7 | -32.3 | -33.2 |
| Adj Net Profit ⓘ | -24.6 | -77 | -58.3 | -89.1 | -107 | 34 | 26 | 15.2 | 0.2 | 9.8 | 4 |
| Cash Flow from Ops. ⓘ | 24.4 | 23 | -6.7 | 48.1 | 37 | 24.1 | 9.5 | 36.5 | 48.2 | 26.4 | - |
| Debt/CF from Ops. ⓘ | 9.4 | 10.5 | -30.3 | 3.7 | 4.6 | 5.5 | 13.1 | 3.2 | 2.4 | 3.8 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 0.3% | 16.3% | 7.6% | 8.4% | ||||
| Adj EPS ⓘ | NA | NA | -27.8% | 4800% | ||||
| BVPSⓘ | NA | NA | NA | NA | ||||
| Share Price | 6.9% | 48.5% | 4.7% | 2.6% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -16.6 | -31.9 | -34.4 | -96.5 | -181 | 39.3 | 23.9 | 13.9 | 0.2 | 7.6 | -1.9 |
| Op. Profit Mgn % ⓘ | -2.4 | -13.1 | -12.4 | -18.6 | -27.9 | -4.6 | 6.8 | 5.4 | 0.4 | 6.3 | 5.1 |
| Net Profit Mgn % ⓘ | -4.3 | -20.8 | -19.8 | -28.3 | -38.7 | 10.2 | 5.5 | 2.7 | 0 | 1.7 | 0.7 |
| Debt to Equity ⓘ | -8.4 | -2.3 | -1.7 | -0.8 | -0.5 | -0.5 | -0.5 | -0.6 | -0.5 | -0.5 | - |
| Working Cap Days ⓘ | 227 | 308 | 303 | 219 | 187 | 140 | 105 | 104 | 103 | 92 | 50 |
| Cash Conv. Cycle ⓘ | 33 | 28 | -28 | -37 | -35 | -50 | -42 | -31 | -28 | -15 | -68 |
Valuation of Kirloskar Electric - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 75.68 | 75.68 | 75.68 | 75.55 | 75.55 | 75.55 | 75.55 | 75.55 | 75.33 | 75.33 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 572 | 370 | 295 | 314 | 278 | 335 | 474 | 557 | 544 | 589 |
| Operating Expenses ⓘ + | 590 | 410 | 336 | 319 | 295 | 350 | 443 | 527 | 546 | 554 |
| Operating Profit ⓘ | -18 | -39 | -41 | -5 | -17 | -16 | 30 | 30 | -2 | 36 |
| Operating Profit Margin (%) | -3.2% | -10.6% | -14.1% | -1.4% | -6.3% | -4.7% | 6.4% | 5.4% | -0.4% | 6.0% |
| Other Income ⓘ + | 23 | 7 | 68 | 89 | 8 | 119 | 28 | 15 | 26 | 11 |
| Interest ⓘ | 45 | 43 | 49 | 43 | 30 | 31 | 22 | 26 | 24 | 25 |
| Depreciation ⓘ | 12 | 12 | 9 | 7 | 8 | 5 | 5 | 5 | 5 | 4 |
| Profit Before Tax ⓘ | -52 | -87 | -28 | 45 | -48 | 67 | 31 | 14 | 4 | 9 |
| Tax ⓘ | -0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -52 | -87 | -28 | 45 | -48 | 67 | 31 | 14 | 4 | 8 |
| PAT Margin (%) | -9.2% | -23.5% | -9.5% | 14.4% | -17.3% | 20.1% | 6.6% | 2.5% | 0.7% | 1.4% |
| Adjusted EPS (₹) | -7.9 | -13.1 | -4.2 | 6.8 | -7.2 | 10.2 | 4.7 | 2.1 | 0.6 | 1.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 71 | -15 | -92 | -47 | 33 | 76 | 92 | 82 | 125 | 132 | |
| Debt + | 214 | 222 | 189 | 172 | 156 | 142 | 133 | 126 | 116 | 100 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 204 | 150 | 121 | 125 | 139 | 154 | 164 | 187 | 178 | 184 | |
| Others Liabilities ⓘ | 243 | 256 | 259 | 236 | 298 | 242 | 223 | 245 | 192 | 217 | |
| Total Liabilities ⓘ | 733 | 614 | 477 | 486 | 627 | 614 | 612 | 640 | 612 | 633 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 414 | 404 | 326 | 320 | 481 | 442 | 439 | 438 | 435 | 432 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | |
| Investments ⓘ | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Inventories | 76 | 55 | 47 | 49 | 40 | 47 | 52 | 48 | 45 | 54 | |
| Trade Receivables | 143 | 68 | 43 | 55 | 48 | 38 | 54 | 86 | 59 | 84 | |
| Cash Equivalents | 22 | 23 | 16 | 19 | 18 | 48 | 25 | 29 | 29 | 32 | |
| Others Assets ⓘ | 74 | 61 | 43 | 40 | 37 | 37 | 40 | 36 | 41 | 30 | |
| Total Assets ⓘ | 733 | 614 | 477 | 486 | 627 | 614 | 612 | 640 | 612 | 633 | |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 31 | 23 | 1 | 34 | 30 | 35 | 7 | 37 | 36 | 25 |
| Cash Flow From Investing Activity ⓘ + | 2 | 5 | 62 | 69 | 6 | 103 | 2 | -2 | -1 | 17 |
| Cash Flow From Financing Activity ⓘ + | -40 | -27 | -66 | -107 | -34 | -109 | -33 | -31 | -35 | -40 |
| Net Cash Flow ⓘ | -7 | -0 | -2 | -4 | 1 | 29 | -24 | 4 | 0 | 2 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 0 | N/A | N/A | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| ROCE (%) | -7.28 | N/A | N/A | N/A | 0 | 0 | 0 | 0 | 0 | 0 |
| Asset Turnover Ratio | 1.07 | 0.56 | 0.54 | 0.65 | 0.5 | 0.54 | 0.77 | 0.89 | 0.87 | 0.95 |
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 0.76 | N/A | 0.52 | 0.23 | 2.64 | 9 | 3.13 |
| Working Capital Days | ||||||||||
| Receivable Days | 90.80 | 101.90 | 68.80 | 56.40 | 67.40 | 47 | 35.70 | 46 | 48.60 | 44 |
| Inventory Days | 50.60 | 63 | 62.90 | 55.60 | 58.70 | 47.70 | 38.30 | 32.90 | 31.40 | 30.70 |
| Payable Days | 99.40 | 139.50 | 175 | 176 | 182.50 | 158.60 | 129.90 | 120.50 | 133.30 | 117.80 |
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Kirloskar Electric Company Ltd FAQs
The current trading price of Kirloskar Electric on 18-Sep-2026 16:59 is ₹122.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Kirloskar Electric stood at ₹815.9 Cr
The latest P/E ratio of Kirloskar Electric as of 17-Sep-2026 is 199.5.
The latest P/B ratio of Kirloskar Electric as of 17-Sep-2026 is -3.70.
The 52-week high of Kirloskar Electric is ₹154.8 and the 52-week low is ₹74.90.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Electric is ₹561 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Electric Company Ltd is a average quality company.
The key valuation ratios of Kirloskar Electric Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kirloskar Electric Company Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Kirloskar Electric Company Ltd
Kirloskar Electric Company (KEC) is one of the India’s leading manufacturers of electrical and power equipment. The company was established in 1946 by Ravi L Kirloskar.
In 60 years, the company has built on its core capabilities of prime technological and engineering skills complimented by world class manufacturing facilities. KEC products have made more than a significant contribution to India’s rapidly growing economy.
Kirlosker Electric is capable of delivering a wide range of custom engineered products that meet and exceed global standards at very competitive price.
Business Area of Company
KEC manufactures AC Motors, AC Generators, DC Machines, Traction Equipment, Electronics, Switchgear, Transformers and undertakes turnkey Electrical projects.
Awards/ Recognition
- Best Innovative product for Digital drive by the Elecrama exhibition.
- National Award for R&D from the Department of Scientific & Industrial research, Ministry of Science & Technology, India .
Certification
- ISO 9001
- Bureau Veritas Quality International (BVQI)
- KEMA Certification
- Confirmative Europeenne (CE)
- NVLAP Certification
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