Kirloskar Brothers Ltd Stock Analysis

BSE: 500241 | NSE: KIRLOSBROS | Engineering - Industrial Equipments | Small Cap

BSE Share Price 25-Nov-2022 18:01
401.10 -7.90 (-1.93%)

DeciZen - Make an Informed Decision on Kirloskar Brothers

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Kirloskar Brothers Price Chart

P/E Ratio (SA) :
38.05
Market Cap :
3,185.1 Cr.
52-wk low :
243
52-wk high :
416
Bole Toh?

1. Is Kirloskar Brothers Ltd a good quality company?

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

2. Is Kirloskar Brothers Ltd undervalued or overvalued?

The key valuation ratios of Kirloskar Brothers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Kirloskar Brothers Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kirloskar Brothers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Kirloskar Brothers:

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 Brothers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 7.4%8.7%3.9%3.7%5.3%7.9%9.7%8.1%8.9%6.8%-
Value Creation Index -0.5-0.4-0.7-0.7-0.6-0.4-0.3-0.4-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,8721,7601,6261,7211,7351,9132,2232,0971,8002,1662,418
YoY Gr. Rt. %--6%-7.6%5.9%0.8%10.2%16.3%-5.7%-14.2%20.3%-
Adj EPS 6.17.81.41.54.28.210.99.511.89.710.5
YoY Gr. Rt. %-28.2%-82.4%11%178.3%93.9%32.3%-12.4%24.4%-18.3%-
BVPS (₹) 97.7100.8100.3101.5105.5112.8118.4123134.5141.7142.1
Adj Net Profit 48.261.710.912.133.665.186.175.593.976.784
Cash Flow from Ops. 17311410950.511814882.921224378-
Debt/CF from Ops. 1.622.251.61.11.91.50.63-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.6%4.5%-0.9%20.3%
Adj EPS 5.3%18%-3.8%-18.3%
BVPS 4.26.16.25.4
Share Price 10.2% 8.6% 42.3% 13%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 6.37.81.41.54.17.59.47.99.277.4
Op. Profit Mgn % 7.99.15.53.86.27.17.38.29.67.37.5
Net Profit Mgn % 2.63.50.70.71.93.43.93.65.23.53.5
Debt to Equity 0.40.30.30.30.20.20.20.30.10.20.1
Working Cap Days 255271292289274262239255275220217
Cash Conv. Cycle 1-1142221293441384066

Recent Performance Summary

Sales growth is good in last 4 quarters at 22.40%

Return on Equity has declined versus last 3 years average to 7.40%

Sales growth has been subdued in last 3 years -0.87%

Net Profit has been subdued in last 3 years -3.80%

Latest Financials - Kirloskar Brothers Ltd.

Standalone Consolidated
TTM EPS (₹) 10.5 15.4
TTM Sales (₹ Cr.) 2,418 3,328
BVPS (₹.) 142.1 150.4
Reserves (₹ Cr.) 1,113 1,178
P/BV 2.82 2.63
PE 38.05 25.73
From the Market
52 Week Low / High (₹) 243.00 / 416.00
All Time Low / High (₹) 2.23 / 544.90
Market Cap (₹ Cr.) 3,185
Equity (₹ Cr.) 15.9
Face Value (₹) 2
Industry PE 21.8

Management X-Ray of Kirloskar Brothers :

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Kirloskar Brothers

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Kirloskar Brothers Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kirloskar Brothers on 25-Nov-2022 18:01 is : 401.1.
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 25-Nov-2022 18:01 the market cap of Kirloskar Brothers stood at ₹ 3,185.1.
The latest PE ratio of Kirloskar Brothers as of 25-Nov-2022 18:01 is 38.05.
The latest PB ratio of Kirloskar Brothers as of 25-Nov-2022 18:01 is 2.82
The 52-week high of Kirloskar Brothers is ₹ 416.0 and the 52-week low is ₹ 243.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Kirloskar Brothers is ₹ 2,418 ( Cr.) .

About Kirloskar Brothers Ltd

Kirloskar Brothers (KBL), established in 1888, is engaged in manufacturing pumps. KBL was incorporated in the year 1920 it is part of $2.2 billion Kirloskar group. It is India’s largest manufacturer and exporter of pumps and valves. KBL Sales in 2010-2011 exceeded US $ 590 Million with a market capitalization of more than US $ 350 million. The core business of KBL is manufacturing of project and engineered pumps, industrial pumps, agriculture and domestic pumps, valves, hydro turbines, power generation and anti corrosion products.

The company is one of the three manufacturers in the world to manufacture and install 200 KW canned motor pumps for nuclear application. KBL is India’s largest manufacturer and exporter of pumps and also the largest infrastructure pumping project contractor in Asia. To its credit KBL has created the world’s largest pumping scheme which will irrigate more than two million hectares of land and supply water to 4620 towns and villages in the state of Gujarat in India. The scheme was known as Sardar Sarovar Narmada Nigam Scheme.

KBL’s subsidiary in England, SPP Pumps which was acquired in 2003 is the undisputed leader in the Fire-fighting and Water Supply segments in Europe and the Middle East. Together KBL and SPP represent the world’s largest fire fighting pump business for onshore and offshore applications. KBL is one of the three manufacturers in the world who have manufactured and installed 200 kW Canned motor pumps for nuclear application. KBL is the first company to introduce Concrete Volute Pumps in India.

In April 2010, Kirloskar Brothers through its wholly owned subsidiary - Kirloskar Brothers International B. V., Netherlands, had acquired 90% shares in Braybar, based in South Africa.

In December 2010, Kirloskar Brothers disposed off its 100% shares of the wholly owned subsidiaries -- Pressmatic Electro Stampings and Quadromatic Engineering  -- to its wholly owned subsidiary -- Hematic Motors -- at its acquisition cost, at an aggregate price of about Rs 30 crore.

During March 2011, the company had manufactured the largest horizontal split-case pump for the Indian market. The pumps of the same size have already been supplied by KBL in the export markets which are operational in Portugal and Sudan.

In June 2011, Kirloskar Brothers had opened a new plant at Coimbatore for manufacturing small pumps.

Awards & Milestones

  • National Award for Excellence in Energy Management 2008 - Innovative Product / Service Award.
  • In Jan 2008, The innovative siphon breaking and siphon arrangement system of KBL, wins the Golden Peacock Award for Innovative Product. It also won two gold and one silver at the ABCI Awards.
  • The company won National Excellence in energy management by Confederation of Indian Industry (CII).
  • It won All India Award for Export Excellence given by Engineering Export Promotion Council.

2010

Kirloskar Systech Ltd. has been incorporated as a Wholly Owned Subsidiary of Kirloskar Brothers Ltd.

2011

KBL launches innovative design Tamper Proof Kinetic Air Valve
KBL Launches Mobile Pump Controller
Kirloskar Brothers Limited wins prestigious SAP ACE Award 2011
KBL honoured with the Golden Peacock Award 2010 (CSR)
KBL wins National Energy Management Award 2009
Mr. Srivastava, Director, Kirloskar Brothers honoured with the "Power Persona of the Year Award"

2012

KBL Launches web based troubleshooting guide for pumps.
Kirloskar Brothers Limited inauguratesits first Authorised Refurbishment Centre (ARC) at Vadodara
KBL gets trademark registration for JALVERTER.

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