Kirloskar Electric Company Ltd

₹ 176 3.33%

22 Nov - 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 ₹ 1,172 Cr.
Current Price ₹ 176
High / Low ₹ 255 / 96.4
Stock P/E 236
Book Value ₹ 21.3
Dividend Yield 0.00 %
ROCE 17.2 %
ROE 13.8 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 8.30 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 -1.36% over last 3 years.
Promoters have pledged 75.7% of their holding.
Earnings include an other income of Rs.18.6 Cr.
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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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	85.88	82.10	105.10	102.26	110.49	115.75	145.05	117.57	145.18	126.07	168.53	133.47	161.47
	90.43	84.13	105.36	102.25	98.45	108.40	128.30	109.83	132.74	120.50	157.50	124.57	161.41
Operating Profit	-4.55	-2.03	-0.26	0.01	12.04	7.35	16.75	7.74	12.44	5.57	11.03	8.90	0.06
OPM %	-5.30%	-2.47%	-0.25%	0.01%	10.90%	6.35%	11.55%	6.58%	8.57%	4.42%	6.54%	6.67%	0.04%
	1.83	0.50	104.95	2.37	9.65	2.90	1.16	1.21	0.99	3.49	2.24	0.93	11.99
Interest	6.64	7.47	8.39	5.31	4.91	5.66	5.47	5.59	6.49	6.17	6.27	6.24	5.59
Depreciation	1.30	1.32	1.30	1.23	1.25	1.23	1.29	1.26	1.28	1.22	1.26	1.32	1.23
Profit before tax	-10.66	-10.32	95.00	-4.16	15.53	3.36	11.15	2.10	5.66	1.67	5.74	2.27	5.23
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%
	-10.66	-10.32	95.00	-4.16	15.53	3.36	11.15	2.10	5.66	1.67	5.74	2.27	5.23
EPS in Rs	-1.61	-1.55	14.30	-0.63	2.34	0.51	1.68	0.32	0.85	0.25	0.86	0.34	0.79
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	TTM
	802	680	511	548	572	370	294	314	278	335	474	557	590
	755	684	589	530	582	419	326	369	356	350	437	521	564
Operating Profit	47	-5	-78	18	-11	-48	-32	-55	-78	-16	36	37	26
OPM %	6%	-1%	-15%	3%	-2%	-13%	-11%	-17%	-28%	-5%	8%	7%	4%
	9	17	3	4	27	15	59	9	4	108	16	8	19
Interest	34	42	44	42	32	33	38	34	28	29	21	25	24
Depreciation	17	12	11	11	11	11	8	6	5	5	5	5	5
Profit before tax	6	-41	-130	-31	-27	-77	-19	-86	-108	58	26	15	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	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	2.24
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:	13%

Compounded Profit Growth
10 Years:	9%
5 Years:	17%
3 Years:	29%
TTM:	-78%

Stock Price CAGR
10 Years:	20%
5 Years:	76%
3 Years:	96%
1 Year:	44%

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	Sep 2024
Equity Capital	51	51	53	56	66	66	66	66	66	66	66	66	66
Reserves	145	104	-21	-47	212	137	69	-18	3	37	47	39	75
	185	210	229	231	214	241	204	175	170	133	125	118	104
	324	373	326	348	380	316	292	333	400	392	383	426	393
Total Liabilities	704	738	587	588	873	760	632	557	640	628	622	649	638
	131	120	90	85	409	400	323	318	481	442	439	438	437
CWIP	4	2	2	0	0	0	0	0	0	1	1	1	1
Investments	155	191	65	65	67	71	71	71	10	10	10	11	11
	414	425	430	438	396	289	238	168	148	176	171	200	190
Total Assets	704	738	587	588	873	760	632	557	640	628	622	649	638

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	46
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	-86
Working Capital Days	24	1	-29	-39	-47	-136	-90	-198	-286	-235	-135	-109
ROCE %	11%	-3%	-27%	-4%	1%	-9%	-9%	-20%	-34%	-6%	19%	17%

Shareholding Pattern

Numbers in percentages

3 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 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%	4.02%	4.30%	4.29%	4.16%	3.83%	3.83%	3.85%	4.17%	4.03%
	3.39%	2.41%	1.77%	1.63%	1.62%	1.64%	1.55%	2.25%	2.11%	1.73%	1.61%	1.43%
	46.39%	47.37%	48.01%	44.84%	44.57%	44.55%	44.78%	44.41%	44.54%	44.90%	44.71%	45.03%
No. of Shareholders	57,358	57,901	58,393	60,227	61,243	62,212	65,238	67,454	72,766	80,248	83,876	88,712

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	49.43%	49.43%	49.50%	49.51%	49.51%	49.51%	49.51%	49.51%	49.51%
	1.94%	0.78%	0.71%	0.71%	0.71%	0.71%	4.29%	3.85%	4.03%
	5.51%	5.50%	5.29%	5.26%	4.88%	2.41%	1.64%	1.73%	1.43%
	43.12%	44.29%	44.50%	44.52%	44.90%	47.37%	44.55%	44.90%	45.03%
No. of Shareholders	45,823	54,650	53,297	51,515	52,159	57,901	62,212	80,248	88,712

* 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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Kirloskar Electric Company Ltd

Kirloskar Electric Company Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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