Kirloskar Electric Company Ltd

Kirl. Electric Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kirloskar Electric Company Ltd

₹ 190 2.08%
28 Jun - close price
kirloskarelectric.com BSE: 533193 NSE: KECL
About

Kirloskar Electric Company Ltd, established in 1946, is an electrical engineering company that produces AC Motors, DC Motors, Transformers, Switchgear, and Electronics. It caters to core sectors like power generation, transmission and distribution, transportation, renewable energy, sugar, steel, cement, and allied industries. [1] [2]

Key Points

Product Portfolio[1]
KECL is one of the leading manufacturers and suppliers of motors that are used in electric vehicles. It is also one of the leading manufacturers of Electrical Capital goods such as AC Motors, Generators, DC Machines, Transformers, and switchgear.

Website BSE NSE
  • Market Cap ₹ 1,258 Cr.
  • Current Price ₹ 190
  • High / Low ₹ 238 / 96.4
  • Stock P/E 82.9
  • Book Value ₹ 15.9
  • Dividend Yield 0.00 %
  • ROCE 17.2 %
  • ROE 13.8 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 12.0 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of -1.35% over last 3 years.
  • Promoters have pledged 75.7% of their holding.
  • Debtor days have increased from 27.1 to 42.2 days.
  • Company's cost of borrowing seems high

* 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.

Peer comparison

Sector: Capital Goods - Electrical Equipment Industry: Electric Equipment

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
88.76 61.59 85.88 82.10 105.10 102.26 110.49 115.75 145.05 117.57 145.18 126.07 168.53
150.85 70.31 90.43 84.13 105.36 102.25 98.45 108.40 128.30 109.83 132.74 120.50 157.50
Operating Profit -62.09 -8.72 -4.55 -2.03 -0.26 0.01 12.04 7.35 16.75 7.74 12.44 5.57 11.03
OPM % -69.95% -14.16% -5.30% -2.47% -0.25% 0.01% 10.90% 6.35% 11.55% 6.58% 8.57% 4.42% 6.54%
0.91 0.44 1.83 0.50 104.95 2.37 9.65 2.90 1.16 1.21 0.99 3.49 2.24
Interest 6.41 6.30 6.64 7.47 8.39 5.31 4.91 5.66 5.47 5.59 6.49 6.17 6.27
Depreciation 1.30 1.28 1.30 1.32 1.30 1.23 1.25 1.23 1.29 1.26 1.28 1.22 1.26
Profit before tax -68.89 -15.86 -10.66 -10.32 95.00 -4.16 15.53 3.36 11.15 2.10 5.66 1.67 5.74
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-68.89 -15.86 -10.66 -10.32 95.00 -4.16 15.53 3.36 11.15 2.10 5.66 1.67 5.74
EPS in Rs -10.37 -2.39 -1.61 -1.55 14.30 -0.63 2.34 0.51 1.68 0.32 0.85 0.25 0.86
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
802 680 511 548 572 370 294 314 278 335 474 557
755 684 589 530 582 419 326 369 356 350 437 521
Operating Profit 47 -5 -78 18 -11 -48 -32 -55 -78 -16 36 37
OPM % 6% -1% -15% 3% -2% -13% -11% -17% -28% -5% 8% 7%
9 17 3 4 27 15 59 9 4 108 16 8
Interest 34 42 44 42 32 33 38 34 28 29 21 25
Depreciation 17 12 11 11 11 11 8 6 5 5 5 5
Profit before tax 6 -41 -130 -31 -27 -77 -19 -86 -108 58 26 15
Tax % 28% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
4 -41 -130 -31 -27 -77 -19 -86 -108 58 26 15
EPS in Rs 0.82 -8.12 -24.40 -5.59 -4.12 -11.57 -2.80 -12.95 -16.24 8.76 3.90 2.28
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 14%
3 Years: 26%
TTM: 18%
Compounded Profit Growth
10 Years: 9%
5 Years: 17%
3 Years: 29%
TTM: -36%
Stock Price CAGR
10 Years: 19%
5 Years: 70%
3 Years: 114%
1 Year: 55%
Return on Equity
10 Years: -50%
5 Years: -44%
3 Years: -1%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 51 51 53 56 66 66 66 66 66 66 66 66
Reserves 145 104 -21 -47 212 137 69 -18 3 37 47 39
Preference Capital 0 0 16 8 0 0 0 0 0 0 0
185 210 213 223 214 241 204 175 170 133 125 118
324 373 342 356 380 316 292 333 400 392 383 425
Total Liabilities 704 738 587 588 873 760 632 557 640 628 622 648
131 120 90 85 409 400 323 318 481 442 439 438
CWIP 4 2 2 0 0 0 0 0 0 1 1 1
Investments 155 191 65 65 67 71 71 71 10 10 10 11
414 425 430 438 396 289 238 168 148 176 171 199
Total Assets 704 738 587 588 873 760 632 557 640 628 622 648

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
28 63 -15 9 24 23 -7 48 37 24 10 36
-30 -19 -24 15 -4 -2 62 -0 -7 103 -2 -2
-5 -16 2 -16 -27 -21 -58 -51 -29 -97 -32 -31
Net Cash Flow -6 28 -36 9 -7 -0 -2 -3 1 30 -24 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 89 84 59 70 72 39 21 35 31 16 23 42
Inventory Days 83 107 83 87 63 70 78 86 75 71 60 44
Days Payable 149 194 170 162 170 188 200 216 252 227 187 174
Cash Conversion Cycle 24 -2 -27 -6 -35 -80 -100 -94 -146 -141 -103 -87
Working Capital Days 24 1 -29 -39 -47 -136 -90 -198 -286 -235 -133 -109
ROCE % 11% -3% -27% -4% 1% -9% -9% -20% -34% -6% 19%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51% 49.51%
0.71% 0.71% 0.71% 0.71% 0.71% 4.02% 4.30% 4.29% 4.16% 3.83% 3.83% 3.85%
4.88% 3.57% 3.39% 2.41% 1.77% 1.63% 1.62% 1.64% 1.55% 2.25% 2.11% 1.73%
44.90% 46.21% 46.39% 47.37% 48.01% 44.84% 44.57% 44.55% 44.78% 44.41% 44.54% 44.90%
No. of Shareholders 54,79755,75357,35857,90158,39360,22761,24362,21265,23867,45472,76680,248

* 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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