Kirloskar Oil Engines Ltd - Stock Valuation and Financial Performance

BSE: 533293 | NSE: KIRLOSENG | Engineering - Industrial Equipments | Small Cap

Kirloskar Oil Eng Share Price

838.60 0.65 0.08%
as on 19-Mar'24 10:16

DeciZen - make an informed investing decision on Kirloskar Oil Eng

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kirloskar Oil Engines stock performance -

mw4me loader
P/E Ratio (SA):
39.32
Market Cap:
12,146.6 Cr.
52-wk low:
363.8
52-wk high:
969.8

Is Kirloskar Oil Engines Ltd an attractive stock to invest in?

1. Is Kirloskar Oil Engines Ltd a good quality company?

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

2. Is Kirloskar Oil Engines Ltd undervalued or overvalued?

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.

3. Is Kirloskar Oil Engines Ltd a good buy now?

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

10 Year X-Ray of Kirloskar Oil Eng:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 14.7%11%13.6%11.4%9.2%13.2%8.8%9.3%8.1%11.7%-
Value Creation
Index
0.1-0.20.0-0.2-0.3-0.1-0.4-0.3-0.4-0.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,3192,5072,4632,6702,8323,2032,8772,6943,3004,1164,611
Sales YoY Gr.-8.1%-1.8%8.4%6.1%13.1%-10.2%-6.4%22.5%24.7%-
Adj EPS 12.39.912.71210.215.510.812.211.818.621.3
YoY Gr.--19.9%28.7%-5.4%-15.1%51.5%-30.1%12.9%-3.8%58%-
BVPS (₹) 87.692.899.8111.8113.2122.8126.6137.1147.7160.7175.3
Adj Net
Profit
178143184174148224157177170269309
Cash Flow from Ops. 33833997.9172167146228526194260-
Debt/CF from Ops. 000.10.10.10.10.10.20.50.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.6%7.8%12.7%24.7%
Adj EPS 4.7%12.7%19.7%58%
BVPS7%7.3%8.3%8.8%
Share Price 16.8% 35.9% 69.9% 120.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
14.71113.211.49.113.18.79.38.21212.7
Op. Profit
Mgn %
13.19.910.910.69.4118.310.58.110.410.5
Net Profit
Mgn %
7.75.77.56.55.275.46.65.26.56.7
Debt to
Equity
000000000.10-
Working Cap
Days
947578859692108114888654
Cash Conv.
Cycle
12-11-13-112183226151816

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 12.70%

Sales growth is growing at healthy rate in last 3 years 12.67%

Net Profit is growing at healthy rate in last 3 years 19.73%

Sales growth is good in last 4 quarters at 16.86%

No data to display

Latest Financials - Kirloskar Oil Engines Ltd.

Standalone Consolidated
TTM EPS (₹) 21.3 25.7
TTM Sales (₹ Cr.) 4,611 5,622
BVPS (₹.) 175.3 176.7
Reserves (₹ Cr.) 2,512 2,533
P/BV 4.78 4.74
PE 39.32 32.63
From the Market
52 Week Low / High (₹) 363.80 / 969.75
All Time Low / High (₹) 70.05 / 969.75
Market Cap (₹ Cr.) 12,147
Equity (₹ Cr.) 29
Face Value (₹) 2
Industry PE 42.6

Management X-Ray of Kirloskar Oil Eng:

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 Oil Eng

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,3192,5072,4632,6702,8323,2032,8772,6943,3004,116
Operating Expenses 2,0152,2592,1962,3892,5672,8522,6392,4113,0333,689
Manufacturing Costs254254242256258272270249287349
Material Costs1,4171,5981,5211,6661,8172,0711,8741,7432,2912,790
Employee Cost 163188185202206216218199207236
Other Costs 181218249266286293277220248314
Operating Profit 304249267282265350239284267427
Operating Profit Margin (%) 13.1%9.9%10.8%10.6%9.4%10.9%8.3%10.5%8.1%10.4%
Other Income 38598484696240242727
Interest 0093344665
Depreciation 981021111111097367627785
Exceptional Items 00-2500016-8530
Profit Before Tax 243205205252222336225231263364
Tax 656240797211155625594
Profit After Tax 178143165174150225170170208270
PAT Margin (%) 7.7%5.7%6.7%6.5%5.3%7.0%5.9%6.3%6.3%6.6%
Adjusted EPS (₹)12.39.911.412.010.415.611.811.714.418.7
Dividend Payout Ratio (%)41%51%44%42%48%32%34%34%28%27%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,2671,3411,4441,6171,6371,7751,8301,9832,1362,327
Share Capital 29292929292929292929
Reserves 1,2381,3131,4151,5881,6081,7461,8011,9542,1072,298
Minority Interest0000000000
Debt00712171315788175
Long Term Debt00000000340
Short Term Debt00712171315784775
Trade Payables341338346355420382348505510633
Others Liabilities 243253173185186257265278286305
Total Liabilities 1,8511,9321,9702,1702,2592,4272,4582,8443,0123,340

Fixed Assets

Gross Block1,1791,2491,3061,3561,4411,4701,4901,6281,6991,746
Accumulated Depreciation6367368319181,0181,0711,1281,1831,2491,321
Net Fixed Assets543514475437422399362446450425
CWIP 42212915304174553966
Investments 6088767939929319941,1011,5341,6721,693
Inventories167172206226265242300265303468
Trade Receivables17753159201326355363356395467
Cash Equivalents 522540186518617293134
Others Assets262272268280220210240159121186
Total Assets 1,8511,9321,9702,1702,2592,4272,4582,8443,0123,340

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 33833998172167146228526194260
PBT 243205205252222336225231263364
Adjustment 6239514869283062494
Changes in Working Capital 130173-113-100-42-10041265-16-102
Tax Paid -98-78-45-28-83-117-68-32-57-96
Cash Flow From Investing Activity -224-28280-1908-59-159-545-899-156
Capex -65-65-78-57-106-46-75-128-80-121
Net Investments -190-240158-13436714416-28568323
Others 3122-11-252-27-500-132-887-358
Cash Flow From Financing Activity -84-84-1762-130-94-11533708-101
Net Proceeds from Shares 0000000001
Net Proceeds from Borrowing 0000000000
Interest Paid 00-9-3-3-4-4-6-5-5
Dividend Paid -72-72-1450-108-72-94-22-58-72
Others -12-12-225-18-18-1861771-25
Net Cash Flow 29-272-1545-6-471434
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.7410.9711.8711.359.2313.199.458.910.112.11
ROCE (%)20.1315.7715.3316.5613.7619.7112.6112.1712.5215.92
Asset Turnover Ratio1.41.411.361.391.31.371.181.021.131.3
PAT to CFO Conversion(x)1.92.370.590.991.110.651.343.090.930.96
Working Capital Days
Receivable Days34161523333946494238
Inventory Days26232627312934383134
Payable Days68707873736666827772

Kirloskar Oil Engines Ltd Stock News

Kirloskar Oil Engines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kirloskar Oil Eng on 19-Mar-2024 10:16 is ₹838.6.
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 19-Mar-2024 10:16 the market cap of Kirloskar Oil Eng stood at ₹12,146.6.
The latest P/E ratio of Kirloskar Oil Eng as of 19-Mar-2024 10:16 is 39.32.
The latest P/B ratio of Kirloskar Oil Eng as of 19-Mar-2024 10:16 is 4.78.
The 52-week high of Kirloskar Oil Eng is ₹969.8 and the 52-week low is ₹363.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Oil Eng is ₹4,611 ( Cr.) .

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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