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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

₹110.95 2.15 (1.98%)

As on 24-Jun'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

₹110.95 2.15 (1.98%)

As on 24-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹737 Cr.
Current Price
₹111
52-Week Low / High
₹75 / 151
TTM EPS
₹1.3
TTM Sales
₹589 Cr.
Book Value per Share
₹19.9
P/E Ratio
87.20
Higher than its 5-year historical median
Industry PE
56.6
Price to Book (P/B)
5.57
Higher than its 5-year historical median
Price to Sales (P/S)
1.25
Lower than its 5-year historical median
EV/EBITDA
17.26
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)
2.71%
Operating Profit Margin
2%
Net Profit Margin
3.17%
Gross Profit Margin
2.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-2.43%
Operating Profit Growth (1 Year)
-
-63.7%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
13.65%
Asset Quality
Promoter Holding
49.74%
Pledged shares (%) of Promoter's holding (%)
75.33%
Reserves
₹66 Cr.
Equity
₹66.4 Cr.
Face Value
₹10
All Time Low / High
₹6.70 / 390.00

Kirloskar Electric Company 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 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?
Q.1 Revenue growth of Kirloskar Electric Company Ltd vs industry peers?
Kirloskar Electric Company Ltd revenue CAGR is 11.58%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 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.
Q.1 Stock return of Kirloskar Electric Company Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12.4% 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 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 3.9%4.9%-24.3%19.9%-198.3%0%0%0%0%0%-
Value Creation
Index
-0.7NANANANANANANANANA-

Growth Parameters

Sales 548572370294314278335474557544589
Sales YoY Gr.-4.3%-35.2%-20.5%6.8%-11.7%20.6%41.5%17.7%-2.4%-
Adj EPS -8.3-3.7-11.6-8.8-13.4-16.25.13.92.31.61.3
YoY Gr.-NANANANANANA-23.5%-41.4%-32.3%-
BVPS (₹) 1.2-4.1-15.5-18.2-31.3-47.4-38.6-34.7-32.5-29.819.9
Adj Net
Profit
-46.1-24.6-77-58.3-89.1-107342615.210.38
Cash Flow from Ops. 9.124.423-6.748.13724.19.536.536.7-
Debt/CF from Ops. 28.29.410.5-30.33.74.65.513.13.22.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -0.1%11.6%17.6%-2.4%
Adj EPS NANA-32.8%-32.3%
BVPS-242.5%NANANA
Share Price 10.2% 42.4% -1.3% -21.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-140.9-16.6-31.9-34.4-96.5-18139.323.913.98-25.7
Op. Profit
Mgn %
-0.5-2.4-13.1-12.4-18.6-27.9-4.66.85.426
Net Profit
Mgn %
-8.4-4.3-20.8-19.8-28.3-38.710.25.52.71.91.4
Debt to
Equity
17.2-8.4-2.3-1.7-0.8-0.5-0.5-0.5-0.6-0.50
Working Cap
Days
24722730830321918714010510410750
Cash Conv.
Cycle
273328-28-37-35-50-42-31-29-68

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales548572370294314278335474557544
Operating Expenses + 551589419334373356350444527533
Manufacturing Costs30282220181517212625
Material Costs401431283216211200247320392380
Employee Cost 75726861635760667775
Other Costs 45584637818427373352
Operating Profit -3-18-49-40-59-78-16303011
Operating Profit Margin (%) -0.6%-3.1%-13.1%-13.6%-18.7%-28.2%-4.6%6.3%5.4%2.0%
Other Income + 441187094108221525
Exceptional Items 220005000010
Interest 42393641362929212523
Depreciation 1111118655555
Profit Before Tax -31-27-77-19-86-10858261517
Tax 0-000000000
Profit After Tax -31-27-77-19-86-10858261517
PAT Margin (%) -5.7%-4.8%-20.8%-6.3%-27.4%-38.9%17.4%5.5%2.7%3.2%
Adjusted EPS (₹)-5.6-4.1-11.6-2.8-13.0-16.28.83.92.32.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Kirloskar Electric - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 172792031364970103114105151
Share Capital 64666666666666666666
Reserves -4721213769-18337473985
Debt +223214222194163147133125118107
Long Term Debt7966509145230000
Short Term Debt144148173103118124133125118107
Minority Interest0000000000
Trade Payables182204149121125139154164187178
Others Liabilities 165176185181219283237218238186
Total Liabilities 588873759631556639627620648623

Fixed Assets

Net Fixed Assets +85408398321317481442439438435
Gross Block261590590519520689655657658659
Accumulated Depreciation176183192198203208213217220223
CWIP 0000001110
Investments 65697272721010101111
Inventories97765547494047524845
Trade Receivables1041133917302414306459
Cash Equivalents 31222215111847242829
Others Assets 205186172158766666645943
Total Assets 588873759631556639627620648623

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 92423-7483724103637
PBT -31-27-77-19-86-10858261517
Adjustment 394557-69698-62231824
Changes in Working Capital 374119374629-382-4
Tax Paid -2-02-121-1-11-1
Cash Flow From Investing Activity + 15-4-262-0-7103-2-2-2
Capex -4-8158-1-235-2-2-4
Net Investments 220-4400-00-00
Others -23101-468-002
Cash Flow From Financing Activity + -16-27-21-58-51-29-97-32-31-35
Net Proceeds from Shares 03600000000
Net Proceeds from Borrowing 50-13-1133-43-11-41000
Interest Paid -42-35-33-21-23-24-61-23-24-24
Dividend Paid 0000000000
Others -24-1623-701565-9-7-10
Net Cash Flow 9-7-0-2-3130-2440

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-168.08000000000
ROCE (%)3.94.93-24.2919.87-198.2600000
Asset Turnover Ratio1.030.860.460.420.530.460.530.760.880.86
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/A0.410.382.42.18
Working Capital Days
Receivable Days56.6063.4073.303527.5035.4020.7017.203141.40
Inventory Days57.4050.4062.8062.9055.6058.7047.7038.1032.6031.10
Payable Days119.60102149.50181.60176182.70158.60129.90120.50133.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *75.6875.6875.6875.6875.5575.5575.5575.5575.5575.33
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kirloskar Electric Company Ltd FAQs

The current trading price of Kirloskar Electric on 24-Jun-2026 16:59 is ₹111.0.

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 23-Jun-2026 the market cap of Kirloskar Electric stood at ₹736.9 Cr

The latest P/E ratio of Kirloskar Electric as of 23-Jun-2026 is 87.20.

The latest P/B ratio of Kirloskar Electric as of 23-Jun-2026 is 5.57.

The 52-week high of Kirloskar Electric is ₹151.0 and the 52-week low is ₹74.90.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Electric is ₹589 ( 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 Semi Strong which suggest that the price of Kirloskar Electric Company Ltd is likely to Rise-somewhat 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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