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Kirloskar Oil Engines Ltd (KIRLOSENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533293 NSE: KIRLOSENG Diesel Engines | Small Cap | Kirloskar Oil Engine Share Price

₹2,168.70 -36.60 (-1.66%)

As on 11-Sep'26 15:17

Kirloskar Oil Engines Ltd (KIRLOSENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533293 NSE: KIRLOSENG Diesel Engines | Small Cap | Kirloskar Oil Engine Share Price

₹2,168.70 -36.60 (-1.66%)

As on 11-Sep'26 15:17

Key Metrics
Valuation Multiples
Market Cap
₹32,091 Cr.
Current Price
₹2,168.7
52-Week Low / High
₹865 / 2,720
TTM EPS
₹37.5
TTM Sales
₹7,937 Cr.
Book Value per Share
₹254.5
P/E Ratio
58.76
Higher than its 5-year historical median
Industry PE
58.8
Price to Book (P/B)
8.67
Higher than its 5-year historical median
Price to Sales (P/S)
4.04
Higher than its 5-year historical median
EV/EBITDA
25.11
Higher than its 5-year historical median
Dividend Yield
0.32%
Profitability Efficiency
Return on Equity (ROE)
16.75%
Outperforms industry median
Return on Capital Employed (ROCE)
14.46%
Underperforms industry median
Return on Assets (ROA)
5.23%
Operating Profit Margin
18.4%
Net Profit Margin
7.24%
Gross Profit Margin
12.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
24.91%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
23.08%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
17.77%
Asset Quality
Promoter Holding
41.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,674 Cr.
Equity
₹29.1 Cr.
Face Value
₹2
All Time Low / High
₹70.05 / 2720.35

Kirloskar Oil Engines stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Kirloskar Oil Engines Ltd a good quality company?
Kirloskar Oil Engines Ltd is a good quality company, based on a consistently good 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 Oil Engines Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Kirloskar Oil Engines Ltd vs industry peers?
Kirloskar Oil Engines Ltd revenue CAGR is 15.95%, compared to the industry median CAGR of 15.95%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Kirloskar Oil Engines Ltd?
Promoters hold 41.07% of the Kirloskar Oil Engines Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Kirloskar Oil Engines Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 22.3% 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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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 Oil Engines 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 16.6%13.8%19.7%12.6%12.2%12.5%15.9%18.9%18%18.4%-
Value Creation
Index
0.20.00.4-0.1-0.1-0.10.10.40.30.6-

Growth Parameters

Sales 2,6702,8323,2032,8772,6943,3004,1164,8514,5215,6475,991
Sales YoY Gr.-6.1%13.1%-10.2%-6.4%22.5%24.7%17.8%-6.8%24.9%-
Adj EPS 1210.215.510.812.211.818.624.925.731.730.1
YoY Gr.--15.1%51.5%-30.1%12.9%-3.8%57.9%34%3.3%23.4%-
BVPS (₹) 111.8113.2122.8126.6137.1147.7160.8180.6204.2229.9236.5
Adj Net
Profit
174148224157177170269360373460439
Cash Flow from Ops. 172167146228526194260434489511-
Debt/CF from Ops. 0.10.10.10.10.20.50.30.50.30.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.7%16%11.1%24.9%
Adj EPS 11.4%21%19.5%23.4%
BVPS8.3%10.9%12.7%12.6%
Share Price 22% 58.8% 59.5% 145.7%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
11.49.113.18.79.38.21214.513.314.612.9
Op. Profit
Mgn %
10.69.4118.310.58.110.411.712.31312.4
Net Profit
Mgn %
6.55.275.46.65.26.57.48.38.27.3
Debt to
Equity
000000.100.100-
Working Cap
Days
8596921081148886881029362
Cash Conv.
Cycle
-112183226151820293125

Valuation of Kirloskar Oil Engine - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,6743,0553,6263,3793,2964,0205,0245,8986,3297,701
Operating Expenses + 2,3922,7903,2533,0922,9093,6104,2904,8705,1796,286
Manufacturing Costs256299337351335365421496521605
Material Costs1,6661,9552,3292,1422,0502,6383,1183,4973,5814,447
Employee Cost 202222243270257286340431536612
Other Costs 268313344329266322412445541622
Operating Profit 2822653742873874107341,0291,1501,415
Operating Profit Margin (%) 10.5%8.7%10.3%8.5%11.7%10.2%14.6%17.4%18.2%18.4%
Other Income + 85726543252928328877
Exceptional Items 00016-800-1536-32
Interest 312131450106210332487529
Depreciation 111123948784101105119139174
Profit Before Tax 253203331245270232449595649756
Tax 7966112577261117156175199
Profit After Tax 174136220188197171332440474558
PAT Margin (%) 6.5%4.5%6.1%5.6%6.0%4.3%6.6%7.5%7.5%7.2%
Adjusted EPS (₹)12.09.715.212.813.512.123.030.533.739.5
Dividend Payout Ratio (%)41.60%51.80%33%31.20%29.70%33.10%21.80%19.70%19.30%17.70%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,6171,5751,6991,7401,9152,0702,2902,6603,0653,592
Share Capital 29292929292929292929
Reserves 1,5881,5471,6701,7121,8862,0412,2612,6313,0363,563
Debt +12139811496921,9322,5313,1964,2513,878
Long Term Debt0517644171,0661,8021,9703,7613,124
Short Term Debt1213465852758667291,225490755
Minority Interest0000000-16-30-45
Trade Payables355489439414594576678794708947
Others Liabilities 1862963764565954431,2101,6312,4832,473
Total Liabilities 2,1702,5002,5952,7593,7975,0216,7108,26510,47810,846

Fixed Assets

Net Fixed Assets +4387026636236987216897691,1831,327
Gross Block1,3561,7671,7841,8131,9602,0662,1142,2982,7693,048
Accumulated Depreciation9181,0651,1211,1901,2621,3451,4251,5301,5861,721
CWIP 1530417855436929398149
Investments 988675711433834738658489601440
Inventories226345310406379388545644591744
Trade Receivables201402408412439469528607696953
Cash Equivalents 20701981432581742905059971,250
Others Assets 2822762646651,1342,4883,9314,9596,3135,983
Total Assets 2,1702,5002,5952,7593,7975,0216,7108,26510,47810,846
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 171136192-124-16-1,041-920-469-739932
PBT 253203331245270232449595652761
Adjustment 4897615977170988348168
Changes in Working Capital -101-79-80-351-316-1364-1346-996-1281187
Tax Paid -28-84-121-77-46-79-122-151-159-184
Cash Flow From Investing Activity + -1907-38233-465-3-144-109-523-321
Capex -57-110-53-82-104-124-161-378-257-338
Net Investments -13336715310-363111105241-294-30
Others 0-250-05210-89282847
Cash Flow From Financing Activity + 2-96-153-435999501,1828001,510-589
Net Proceeds from Shares 0000001235
Net Proceeds from Borrowing 0000000000
Interest Paid -3-11-14-13-28-99-13-11-19-19
Dividend Paid 0-108-72-94-22-58-72-72-87-94
Others 524-67656481,1071,2668821,613-480
Net Cash Flow -1648167118-9311722324823
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.368.5313.4210.9310.88.5815.2117.7716.5416.75
ROCE (%)16.5912.7919.6513.9513.669.9413.7715.0414.5114.46
Asset Turnover Ratio1.391.331.421.261.010.910.860.790.680.72
PAT to CFO Conversion(x)0.9810.87-0.66-0.08-6.09-2.77-1.07-1.561.67
Working Capital Days
Receivable Days22.8035.4040.7044.3047.1041.2036.2035.1037.6039.10
Inventory Days27.4033.5032.9038.6043.5034.8033.9036.8035.6031.60
Payable Days72.7074.5068.8067.8083.7077.2070.9074.2073.9065.90

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Kirloskar Oil Engines Ltd FAQs

The current trading price of Kirloskar Oil Engine on 11-Sep-2026 15:17 is ₹2,168.7.

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 10-Sep-2026 the market cap of Kirloskar Oil Engine stood at ₹32,091.5 Cr

The latest P/E ratio of Kirloskar Oil Engine as of 10-Sep-2026 is 73.17.

The latest P/B ratio of Kirloskar Oil Engine as of 10-Sep-2026 is 9.33.

The 52-week high of Kirloskar Oil Engine is ₹2,720.4 and the 52-week low is ₹864.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Oil Engine is ₹5,991 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Oil Engines Ltd is a average quality company.

The key valuation ratios of Kirloskar Oil Engines 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 Semi Strong which suggest that the price of Kirloskar Oil Engines Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Kirloskar Oil Engines Ltd

Kirloskar Oil Engines (KOEL) was incorporated in June 1978; is engaged in manufacturing of diesel engines. It is part of Kirloskar group of companies that has business interest in various sectors such as manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport.

KOEL manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.

In 2010 Company changed its name from Kirloskar Engines India Ltd. to Kirloskar Oil Engines Ltd. Inauguration of Kirloskar Oil Engines, Kagal Plant.

Business

The company is engaged in manufacturing of Diesel Engines, Irrigation Pump sets, Diesel Generating Sets, Engine Bearings and Engine Valves and Grey Iron Castings.

The company also offers generating sets over 1 MW that run on Heavy Fuel Oils.

The engine manufactured by company is preferred choice in powering Agricultural Machinery, Construction & Material Handling Machinery, Marine applications and equipment used by Armed Forces (Military).

The company sells small engine gensets under the name, “Kirloskar Green”.

The company had set up a greenfield project at Kagal, in Maharashtra. This project is an Export Oriented Unit that manufactures silent generating sets for global customers. It has manufacturing capacity of 60,000 engines

Company’s manufacturing plant has received ISO-14001 certification for Environmental Management System.

Important events

  • 2009 - CII EXIM Bank Award for Business Excellence 2009 for Strong Commitment to Excel from the Confederation of Indian Industries KOEL have received the ‘National Energy Conservation Award -2009’ from Hon. Minister of Power, GoI Mr. Sushilkumar Shinde.
  • 2010 - Inauguration of Kirloskar Oil Engines, Kagal Plant.Company has changed its name from Kirloskar Engines India Ltd. to Kirloskar Oil Engines Ltd.
  • Maharashtra Ratna 2010 awarded to Atul Kirloskar, Chairman and Managing Director, Kirloskar Oil Engines Limited, by the President of India, Pratibhatai Patil.
  • 2011The National Record 2011 award by Limca Book of Records for not losing a single man-day due to labour unrest in the past 50 years.Kirloskar Oil Engines Ltd. honored by “Parivartan Leadership Award for Sustainability-2011” organized by India Carbon Outlook, New Delhi.

 

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