Kirloskar Electric Company Ltd

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

Kirloskar Electric Company Ltd

₹ 207 2.01%
03 Jul - 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 ₹ 1,373 Cr.
  • Current Price ₹ 207
  • High / Low ₹ 238 / 96.4
  • Stock P/E 97.5
  • Book Value ₹ 12.4
  • Dividend Yield 0.00 %
  • ROCE 18.3 %
  • ROE 16.2 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 16.7 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 2.06% over last 3 years.
  • Promoters have pledged 75.7% of their holding.
  • Debtor days have increased from 46.7 to 56.4 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

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
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
90.17 70.26 90.52 84.20 105.39 102.32 98.54 108.10 128.28 109.83 132.80 120.37 157.59
Operating Profit -1.41 -8.67 -4.64 -2.10 -0.29 -0.06 11.95 7.65 16.77 7.74 12.38 5.70 10.94
OPM % -1.59% -14.08% -5.40% -2.56% -0.28% -0.06% 10.82% 6.61% 11.56% 6.58% 8.53% 4.52% 6.49%
4.83 0.44 1.83 0.50 116.25 2.37 15.82 2.91 1.15 1.22 1.00 3.49 2.28
Interest 6.83 6.78 7.13 7.95 8.87 5.79 5.00 5.95 5.74 5.87 6.78 6.46 6.54
Depreciation 3.65 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 -7.06 -16.29 -11.24 -10.87 105.79 -4.71 21.52 3.38 10.89 1.83 5.32 1.51 5.42
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%
-7.06 -16.29 -11.24 -10.87 105.79 -4.71 21.52 3.38 10.89 1.83 5.32 1.51 5.42
EPS in Rs -1.06 -2.45 -1.69 -1.64 15.93 -0.71 3.24 0.51 1.64 0.28 0.80 0.23 0.82
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
1,073 991 510 548 572 370 295 314 278 335 474 557
1,069 1,048 588 552 583 409 330 315 295 350 437 521
Operating Profit 4 -57 -77 -4 -11 -39 -36 -0 -17 -16 36 37
OPM % 0% -6% -15% -1% -2% -10% -12% -0% -6% -5% 8% 7%
12 29 -105 25 17 7 65 95 8 119 22 8
Interest 41 49 45 49 45 43 49 43 30 31 22 26
Depreciation 24 20 12 12 12 12 9 7 8 5 5 5
Profit before tax -49 -97 -240 -39 -52 -87 -28 45 -48 67 31 14
Tax % -5% 1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-51 -97 -240 -39 -52 -87 -28 45 -48 67 31 14
EPS in Rs -9.64 -18.65 -45.19 -7.09 -7.88 -13.12 -4.21 6.82 -7.24 10.15 4.68 2.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -6%
5 Years: 14%
3 Years: 26%
TTM: 18%
Compounded Profit Growth
10 Years: 8%
5 Years: 17%
3 Years: 31%
TTM: -42%
Stock Price CAGR
10 Years: 20%
5 Years: 74%
3 Years: 121%
1 Year: 52%
Return on Equity
10 Years: %
5 Years: %
3 Years: 2%
Last Year: 16%

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 51 51 53 56 66 66 66 66 66 66 66 66
Reserves 134 72 -222 -256 5 -81 -158 -114 -33 10 25 16
Preference Capital 0 0 16 8 0 0 0 0 0 0 0
293 333 267 324 296 309 266 188 179 142 133 126
434 488 334 318 366 320 303 347 415 397 388 431
Total Liabilities 912 942 432 441 733 614 478 487 628 616 614 640
314 337 98 92 416 405 327 322 481 442 439 438
CWIP 4 2 2 0 0 0 0 0 0 1 1 1
Investments 2 2 1 1 1 1 1 1 2 2 2 2
592 601 331 348 316 207 149 164 145 171 172 199
Total Assets 912 942 432 441 733 614 478 487 628 616 614 640

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
22 42 -45 -23 31 23 1 34 30 35 7 37
-7 -4 -2 19 2 5 62 69 6 103 2 -2
-25 -10 10 8 -40 -27 -66 -107 -34 -109 -33 -31
Net Cash Flow -9 28 -37 3 -7 -0 -2 -4 1 29 -24 4

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 83 74 118 112 91 67 53 63 63 42 42 56
Inventory Days 111 121 84 87 64 70 78 86 75 71 61 45
Days Payable 138 161 171 164 170 189 200 216 252 227 187 174
Cash Conversion Cycle 57 34 32 36 -15 -52 -69 -66 -114 -114 -84 -72
Working Capital Days 21 -3 -11 -10 -79 -193 -298 -233 -313 -247 -138 -113
ROCE % -2% -13% -27% -10% -4% -14% -17% 1% -13% -1% 21%

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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