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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 Engine Share Price

₹2,181.15 -10.35 (-0.47%)

As on 23-Jul'26 10:25

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 Engine Share Price

₹2,181.15 -10.35 (-0.47%)

As on 23-Jul'26 10:25

Key Metrics
Valuation Multiples
Market Cap
₹31,888 Cr.
Current Price
₹2,181.2
52-Week Low / High
₹856 / 2,720
TTM EPS
₹30.3
TTM Sales
₹5,647 Cr.
Book Value per Share
₹229.7
P/E Ratio
72.23
Higher than its 5-year historical median
Industry PE
54.4
Price to Book (P/B)
9.54
Higher than its 5-year historical median
Price to Sales (P/S)
5.65
Higher than its 5-year historical median
EV/EBITDA
40.41
Higher than its 5-year historical median
Dividend Yield
0.32%
Profitability Efficiency
Return on Equity (ROE)
14.00%
Outperforms industry median
Return on Capital Employed (ROCE)
18.43%
Outperforms industry median
Return on Assets (ROA)
9.66%
Operating Profit Margin
13%
Net Profit Margin
7.82%
Gross Profit Margin
13.6%
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)
Improving versus 3-year growth rate
32.3%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
13.26%
Asset Quality
Promoter Holding
41.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹3,313 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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Quality

Very Good
Check detailed performance

Valuation

Overvalued

Check Valuation charts

Price Trend

Strong
Check Price chart
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.

View More

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.

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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.
View More

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 majority of the past ten years indicating its past ten year financial track record is very 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 ⓘ2,6702,8323,2032,8772,6943,3004,1164,8514,5215,6475,647
Sales YoY Gr.-6.1%13.1%-10.2%-6.4%22.5%24.7%17.8%-6.8%24.9%-
Adj EPS ⓘ1210.215.510.812.211.818.624.925.731.730.3
YoY Gr.--15.1%51.5%-30.1%12.9%-3.8%57.9%34%3.3%23.4%-
BVPS (₹) ⓘ111.8113.2122.8126.6137.1147.7160.8180.6204.2229.9229.7
Adj Net
Profit ⓘ		174148224157177170269360373460441
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%
BVPSⓘ8.3%10.9%12.7%12.6%
Share Price 23.3% 52% 74.1% 138%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		11.49.113.18.79.38.21214.513.314.613.2
Op. Profit
Mgn % ⓘ		10.69.4118.310.58.110.411.712.31312.9
Net Profit
Mgn % ⓘ		6.55.275.46.65.26.57.48.38.27.8
Debt to
Equity ⓘ		000000.100.1000
Working Cap
Days ⓘ		8596921081148886881029362
Cash Conv.
Cycle ⓘ		-112183226151820293125

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales2,6702,8323,2032,8772,6943,3004,1164,8514,5215,647
Operating Expenses ⓘ + 2,3892,5672,8522,6392,4113,0333,6894,2863,9654,912
Manufacturing Costs256258272270249287349408419503
Material Costs1,6661,8172,0711,8741,7432,2912,7903,2442,9203,674
Employee Cost 202206216218199207236304322357
Other Costs ⓘ 266286293277220248314330304378
Operating Profit ⓘ 282265350239284267427565555735
Operating Profit Margin (%) 10.6%9.4%10.9%8.3%10.5%8.1%10.4%11.6%12.3%13.0%
Other Income ⓘ + 84696240242727277343
Exceptional Items ⓘ 00016-8530021-30
Interest ⓘ 334466581111
Depreciation ⓘ 111109736762778597114143
Profit Before Tax ⓘ 252222336225231263364487524594
Tax ⓘ 797211155625594125134152
Profit After Tax 174150225170170208270362390442
PAT Margin (%) 6.5%5.3%7.0%5.9%6.3%6.3%6.6%7.5%8.6%7.8%
Adjusted EPS (₹)12.010.415.611.811.714.418.725.026.930.4
Dividend Payout Ratio (%)41.60%48.20%32.10%34%34.10%27.80%26.80%24.10%24.20%23.10%

Valuation of Kirloskar Oil Engine - 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'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,6171,6371,7751,8301,9832,1362,3282,6182,9653,342
Share Capital ⓘ 29292929292929292929
Reserves ⓘ 1,5881,6081,7461,8011,9542,1072,2992,5892,9363,313
Debt +121713157881751799974
Long Term Debt00000340674919
Short Term Debt121713157847751125055
Minority Interest0000000000
Trade Payables355420382348505510633727651769
Others Liabilities ⓘ 185186257265278286304397592652
Total Liabilities ⓘ 2,1702,2592,4272,4582,8443,0123,3403,9214,3084,837

Fixed Assets

Net Fixed Assets ⓘ +437422399362446450425491811934
Gross Block1,3561,4411,4701,4901,6281,6991,7421,8962,2582,460
Accumulated Depreciation9181,0181,0711,1281,1831,2491,3171,4051,4471,527
CWIP ⓘ 1530417455396624396144
Investments ⓘ 9909319941,1011,5341,6721,6931,8761,7871,648
Inventories226265242300265303468524493603
Trade Receivables201326355363356395467568651783
Cash Equivalents 18651861729313498306553
Others Assets ⓘ 282220210240159121186122163173
Total Assets ⓘ 2,1702,2592,4272,4582,8443,0123,3403,9214,3084,837

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 172167146228526194260434489511
PBT ⓘ 252222336225231263364487580620
Adjustment ⓘ 486928306249410069137
Changes in Working Capital ⓘ -100-42-10041265-16-102-44-27-92
Tax Paid ⓘ -28-83-117-68-32-57-96-108-133-154
Cash Flow From Investing Activity ⓘ + -1908-59-159-545-899-156-418-313-321
Capex -57-106-46-75-128-80-121-276-219-315
Net Investments -13436714416-28568323-109-92-15
Others ⓘ 1-252-27-500-132-887-358-34-29
Cash Flow From Financing Activity ⓘ + 2-130-94-11533708-10150-192-143
Net Proceeds from Shares ⓘ 0000001235
Net Proceeds from Borrowing ⓘ 000000-5097-18-30
Interest Paid ⓘ -3-3-4-4-6-5-5-11-14-9
Dividend Paid ⓘ 0-108-72-94-22-58-72-72-87-94
Others ⓘ 5-18-18-18617712533-75-15
Net Cash Flow ⓘ -1545-6-47143466-1647

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)11.359.2313.199.458.910.112.1114.6213.9614
ROCE (%)16.5713.7619.7112.6112.1712.5215.9218.8818.0218.43
Asset Turnover Ratio1.391.31.371.181.021.131.31.341.11.24
PAT to CFO Conversion(x)0.991.110.651.343.090.930.961.21.251.16
Working Capital Days
Receivable Days22.9033.3038.8045.5048.7041.5038.203949.2046.30
Inventory Days27.403128.9034.4038.3031.4034.2037.304135.40
Payable Days72.7073.2066.2065.6082.3076.507273.7082.8068.40

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 Engine on 23-Jul-2026 10:25 is ₹2,181.2.

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 22-Jul-2026 the market cap of Kirloskar Oil Engine stood at ₹31,887.7 Cr

The latest P/E ratio of Kirloskar Oil Engine as of 22-Jul-2026 is 72.23.

The latest P/B ratio of Kirloskar Oil Engine as of 22-Jul-2026 is 9.54.

The 52-week high of Kirloskar Oil Engine is ₹2,720.4 and the 52-week low is ₹856.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Oil Engine 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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