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Kirloskar Oil Engines Ltd Stock Analysis

Small Cap
Evaluated by 1382 users | BSE: 533293 | NSE: KIRLOSENG |
Engineering - Industrial Equipments
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...

Analysis of Financial Track Record

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 18.25%14.49%18.19%14.74%10.96%13.63%11.42%9.15%13.16%8.76%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 2,4232,3262,3572,3192,5072,4632,6702,8323,2032,877
Y-o-Y Gr. Rt.--4%1.3%-1.6%8.1%-1.8%8.4%6.1%13.1%-10.2%
Adjusted EPS (Rs.) 12.1310.8714.7212.339.8812.7212.0310.2215.4810.82
Y-o-Y Gr. Rt.--10.4%35.4%-16.2%-19.9%28.7%-5.4%-15.1%51.5%-30.1%
Book Value per Share (Rs.) 61.0670.979.8287.6492.7799.84111.81113.23122.76126.57
Adjusted Net Profit 177158213178143184174148224157
Net Op. Cash Flow (Rs. Cr.) 28037321633833997.9172167146228
Debt to Cash Flow from Ops 0.890.450000.070.070.10.090.07
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Kirloskar Oil Engines Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 1.9%2.8%2.5%-10.2%
Adjusted EPS -1.3%1.8%-3.5%-30.1%
Book Value per Share 8.46.44.23.1
Share Price 1% -6.8% -21.8% 44.8%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 22.5116.4719.4714.7210.9513.2111.379.0913.128.68
Operating Profit Margin (%) 14.0613.1114.6913.139.9410.910.599.3610.978.3
Net Profit Margin (%) 7.296.819.037.695.77.476.515.226.995.44
Debt to Equity 0.280.160000.010.010.010.010.01
Working Capital Days 13510593947578859692108
Cash Conversion Cycle 26302512-11-13-1121832
Entity Percentage Holding
Promoters 59.44%
Institutions 20.31%
Non-Institutions 20.24%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Kirloskar Oil Engines Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Kirloskar Oil Engines Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Kirloskar Oil Engines Ltd's performance infers:

Kirloskar Oil Engines Ltd earnings have grown by 1.8%, whereas share price has depreciated -6.8% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Kirloskar Oil Engines Ltd share prices over the last 10 years. Here is what we found out:

Kirloskar Oil Engines Ltd share price has depreciated 1% annually over the past ten years.

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,

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.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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