Kirloskar Brothers Ltd

Kirloskar Brothers Ltd

₹ 1,846 -0.19%
18 May - close price
About

Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]

Key Points

Product Offerings[1]
The company has 250+ product categories with 100,000+ SKUs catering to 12+ industries and 2500+ customers.

  • Market Cap 14,656 Cr.
  • Current Price 1,846
  • High / Low 1,925 / 526
  • Stock P/E 42.7
  • Book Value 216
  • Dividend Yield 0.24 %
  • ROCE 27.7 %
  • ROE 22.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 156% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.0%

Cons

  • Stock is trading at 8.53 times its book value
  • The company has delivered a poor sales growth of 3.62% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
859 627 751 725 954 784 864 958 1,125 900 913 965 1,224
770 601 715 682 860 743 801 808 980 790 818 841 1,033
Operating Profit 89 26 36 43 95 41 63 149 145 110 95 124 191
OPM % 10% 4% 5% 6% 10% 5% 7% 16% 13% 12% 10% 13% 16%
21 17 3 16 4 7 4 -0 13 10 2 16 37
Interest 9 8 7 10 8 7 8 12 8 8 6 5 8
Depreciation 17 16 15 20 17 16 17 18 18 18 19 21 21
Profit before tax 85 18 16 29 73 24 42 119 132 95 72 114 200
Tax % 8% 40% 76% 31% 35% 38% 29% 25% 31% 30% 34% 27% 28%
83 12 6 22 55 16 31 89 101 64 51 82 153
EPS in Rs 10.44 1.52 0.76 2.73 6.86 1.94 3.87 11.17 12.62 8.02 6.35 10.31 19.17
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,594 2,675 2,713 2,642 2,526 2,775 3,349 3,135 2,717 3,058 3,730 4,001
2,384 2,467 2,520 2,567 2,431 2,625 3,221 2,928 2,475 2,852 3,330 3,482
Operating Profit 210 208 193 75 95 151 128 207 241 206 400 520
OPM % 8% 8% 7% 3% 4% 5% 4% 7% 9% 7% 11% 13%
6 3 15 27 31 21 23 37 53 32 22 65
Interest 55 51 50 51 45 40 47 52 44 33 35 26
Depreciation 49 55 95 66 65 59 64 71 68 70 69 78
Profit before tax 112 105 63 -15 16 73 41 121 182 135 318 481
Tax % 41% 38% 28% 25% 111% 37% 113% 44% 15% 40% 29% 29%
66 65 45 -23 4 50 3 72 161 94 236 350
EPS in Rs 8.31 8.07 5.18 -3.04 0.48 6.22 0.44 9.05 20.29 11.88 29.59 43.85
Dividend Payout % 24% 31% 10% -16% 207% 40% 570% 28% 15% 25% 15% 14%
Compounded Sales Growth
10 Years: 4%
5 Years: 4%
3 Years: 14%
TTM: 7%
Compounded Profit Growth
10 Years: 17%
5 Years: 156%
3 Years: 29%
TTM: 46%
Stock Price CAGR
10 Years: 22%
5 Years: 63%
3 Years: 85%
1 Year: 227%
Return on Equity
10 Years: 9%
5 Years: 15%
3 Years: 17%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 16 16 16 16 16 16 16 16 16 16 16 16
Reserves 915 980 996 907 882 927 893 927 1,089 1,162 1,388 1,703
334 297 355 362 359 346 380 578 331 396 286 192
1,136 1,283 1,258 1,166 1,194 1,266 1,377 1,327 1,279 1,289 1,326 1,414
Total Liabilities 2,401 2,576 2,625 2,450 2,451 2,555 2,666 2,848 2,715 2,862 3,016 3,325
533 543 571 501 480 461 457 501 481 532 532 634
CWIP 17 10 12 6 4 13 25 51 73 27 82 32
Investments 4 12 0 43 46 49 57 104 195 333 317 410
1,847 2,011 2,042 1,901 1,921 2,031 2,127 2,191 1,966 1,970 2,085 2,249
Total Assets 2,401 2,576 2,625 2,450 2,451 2,555 2,666 2,848 2,715 2,862 3,016 3,325

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
190 189 127 97 100 110 62 305 317 114 329 376
-64 -74 -134 -47 -35 -44 -57 -172 -145 -183 -73 -189
-93 -112 -2 -50 -58 -52 -23 125 -315 30 -169 -147
Net Cash Flow 33 3 -9 -0 8 14 -19 259 -143 -39 87 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 79 93 106 78 77 71 66 57 62 62 48 48
Inventory Days 86 66 86 99 122 130 123 137 152 140 133 157
Days Payable 140 140 158 147 155 144 135 119 138 128 115 122
Cash Conversion Cycle 26 19 33 30 43 58 55 75 76 73 66 83
Working Capital Days 69 68 76 67 65 69 59 46 46 51 42 73
ROCE % 14% 13% 9% 3% 5% 9% 7% 12% 15% 11% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95% 65.95%
1.40% 1.42% 1.48% 1.67% 1.67% 1.53% 1.56% 1.59% 1.78% 3.50% 3.88% 4.11%
10.12% 9.53% 9.05% 9.05% 9.02% 9.01% 8.95% 9.27% 8.98% 9.31% 9.40% 9.77%
22.52% 23.10% 23.52% 23.33% 23.36% 23.52% 23.55% 23.18% 23.29% 21.23% 20.77% 20.18%
No. of Shareholders 22,58722,45122,35622,52522,52122,99525,39725,30134,53241,23840,36343,058

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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