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Kirloskar Oil Engines Ltd (KIRLOSENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533293 NSE: KIRLOSENG Engineering - Industrial Equipments | Small Cap | Kirloskar Oil Eng Share Price

₹1,911.35 -39.05 (-2.00%)

As on 05-Jun'26 16:59

Kirloskar Oil Engines Ltd (KIRLOSENG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533293 NSE: KIRLOSENG Engineering - Industrial Equipments | Small Cap | Kirloskar Oil Eng Share Price

₹1,911.35 -39.05 (-2.00%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹28,355 Cr.
Current Price
₹1,911.4
52-Week Low / High
₹827 / 1,990
TTM EPS
₹30.4
TTM Sales
₹5,647 Cr.
Book Value per Share
₹230.7
P/E Ratio
64.22
Higher than its 5-year historical median
Industry PE
56
Price to Book (P/B)
8.45
Higher than its 5-year historical median
Price to Sales (P/S)
5.02
Higher than its 5-year historical median
EV/EBITDA
35.87
Higher than its 5-year historical median
Dividend Yield
0.90%
Profitability Efficiency
Return on Equity (ROE)
15.47%
Outperforms industry median
Return on Capital Employed (ROCE)
19.94%
Outperforms industry median
Return on Assets (ROA)
10.50%
Operating Profit Margin
12%
Net Profit Margin
8.45%
Gross Profit Margin
13.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.42%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
8.92%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
19.44%
Asset Quality
Promoter Holding
41.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,325 Cr.
Equity
₹29.1 Cr.
Face Value
₹2
All Time Low / High
₹70.05 / 1989.50

Kirloskar Oil Engines stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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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 12.19%, compared to the industry median CAGR of 3.04%, indicating faster growth and gaining 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 21.1% based on the current price.

10 Year X-Ray : Login to view analysis.

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.3%16.6%13.8%19.7%12.6%12.2%12.5%15.9%18.9%19.9%-
Value Creation
Index
0.10.20.00.4-0.1-0.1-0.10.10.40.5-

Growth Parameters

Sales 2,4632,6702,8323,2032,8772,6943,3004,1164,8515,1135,647
Sales YoY Gr.-8.4%6.1%13.1%-10.2%-6.4%22.5%24.7%17.8%5.4%-
Adj EPS 12.71210.215.510.812.211.818.624.928.630.4
YoY Gr.--5.4%-15.1%51.5%-30.1%12.9%-3.8%57.9%34%15%-
BVPS (₹) 99.8111.8113.2122.8126.6137.1147.7160.8180.6204.2230.7
Adj Net
Profit
184174148224157177170269360415442
Cash Flow from Ops. 97.9172167146228526194260434490-
Debt/CF from Ops. 0.10.10.10.10.10.20.50.30.50.3-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%12.2%15.7%5.4%
Adj EPS 9.4%21.4%34.5%15%
BVPS8.3%10%11.4%13.1%
Share Price 22.4% 49.9% 66.1% 119.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
13.211.49.113.18.79.38.21214.514.814
Op. Profit
Mgn %
10.910.69.4118.310.58.110.411.71212.9
Net Profit
Mgn %
7.56.55.275.46.65.26.57.48.17.8
Debt to
Equity
0000000.100.100
Working Cap
Days
788596921081148886889062
Cash Conv.
Cycle
-13-1121832261518202525

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2,4632,6702,8323,2032,8772,6943,3004,1164,8515,113
Operating Expenses + 2,1962,3892,5672,8522,6392,4113,0333,6894,2864,498
Manufacturing Costs242256258272270249287349408435
Material Costs1,5211,6661,8172,0711,8741,7432,2912,7903,2443,337
Employee Cost 185202206216218199207236304344
Other Costs 249266286293277220248314330382
Operating Profit 267282265350239284267427565615
Operating Profit Margin (%) 10.8%10.6%9.4%10.9%8.3%10.5%8.1%10.4%11.6%12.0%
Other Income + 84846962402427272773
Exceptional Items -2500016-8530021
Interest 93344665812
Depreciation 111111109736762778597117
Profit Before Tax 205252222336225231263364487580
Tax 40797211155625594125148
Profit After Tax 165174150225170170208270362432
PAT Margin (%) 6.7%6.5%5.3%7.0%5.9%6.3%6.3%6.6%7.5%8.5%
Adjusted EPS (₹)11.412.010.415.611.811.714.418.725.029.8
Dividend Payout Ratio (%)43.70%41.60%48.20%32.10%34%34.10%27.80%26.80%24.10%21.90%

Valuation of Kirloskar Oil Eng - 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 + 1,4441,6171,6371,7751,8301,9832,1362,3282,6182,965
Share Capital 29292929292929292929
Reserves 1,4151,5881,6081,7461,8011,9542,1072,2992,5892,936
Debt +71217131578817517999
Long Term Debt0000003406749
Short Term Debt71217131578477511250
Minority Interest0000000000
Trade Payables346355420382348505510633727651
Others Liabilities 173185186257265278286304397592
Total Liabilities 1,9702,1702,2592,4272,4582,8443,0123,3403,9214,308

Fixed Assets

Net Fixed Assets +475437422399362446450425491811
Gross Block1,3061,3561,4411,4701,4901,6281,6991,7421,8962,258
Accumulated Depreciation8319181,0181,0711,1281,1831,2491,3171,4051,447
CWIP 291530417455396624396
Investments 7909909319941,1011,5341,6721,6931,8761,787
Inventories206226265242300265303468524493
Trade Receivables159201326355363356395467568651
Cash Equivalents 4018651861729313498306
Others Assets 270282220210240159121186122163
Total Assets 1,9702,1702,2592,4272,4582,8443,0123,3403,9214,308

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 98172167146228526194260434490
PBT 205252222336225231263364487580
Adjustment 51486928306249410070
Changes in Working Capital -113-100-42-10041265-16-102-44-27
Tax Paid -45-28-83-117-68-32-57-96-108-133
Cash Flow From Investing Activity + 80-1908-59-159-545-899-156-418-313
Capex -78-57-106-46-75-128-80-121-276-219
Net Investments 158-13436714416-28568323-109-92
Others -11-252-27-500-132-887-358-34-2
Cash Flow From Financing Activity + -1762-130-94-11533708-10150-193
Net Proceeds from Shares 0000000123
Net Proceeds from Borrowing 0000000-5097-18
Interest Paid -9-3-3-4-4-6-5-5-11-15
Dividend Paid -1450-108-72-94-22-58-72-72-87
Others -225-18-18-18617712533-75
Net Cash Flow 2-1545-6-47143466-16

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)11.8711.359.2313.199.458.910.112.1114.6215.47
ROCE (%)15.3316.5713.7619.7112.6112.1712.5215.9218.8819.94
Asset Turnover Ratio1.361.391.31.371.181.021.131.31.341.24
PAT to CFO Conversion(x)0.590.991.110.651.343.090.930.961.21.13
Working Capital Days
Receivable Days14.6022.9033.3038.8045.5048.7041.5038.203943.50
Inventory Days26.1027.403128.9034.4038.3031.4034.2037.3036.30
Payable Days77.8072.7073.2066.2065.6082.3076.507273.7072.50

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Kirloskar Oil Engines Ltd FAQs

The current trading price of Kirloskar Oil Eng on 05-Jun-2026 16:59 is ₹1,911.4.

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 04-Jun-2026 the market cap of Kirloskar Oil Eng stood at ₹28,354.9 Cr

The latest P/E ratio of Kirloskar Oil Eng as of 04-Jun-2026 is 64.22.

The latest P/B ratio of Kirloskar Oil Eng as of 04-Jun-2026 is 8.45.

The 52-week high of Kirloskar Oil Eng is ₹1,989.5 and the 52-week low is ₹826.5.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Oil Eng is ₹5,647 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Oil Engines Ltd is a good 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 Strong which suggest that the price of Kirloskar Oil Engines Ltd is likely to Rise 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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