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 293
Book Value ₹ 17.7
Dividend Yield 0.00 %
ROCE 18.3 %
ROE 16.1 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 9.96 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 2.04% over last 3 years.
Promoters have pledged 75.7% of their holding.
Earnings include an other income of Rs.18.7 Cr.
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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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	90.52	84.20	105.39	102.32	98.54	108.10	128.28	109.83	132.80	120.37	157.59	124.61	161.27
Operating Profit	-4.64	-2.10	-0.29	-0.06	11.95	7.65	16.77	7.74	12.38	5.70	10.94	8.86	0.20
OPM %	-5.40%	-2.56%	-0.28%	-0.06%	10.82%	6.61%	11.56%	6.58%	8.53%	4.52%	6.49%	6.64%	0.12%
	1.83	0.50	116.25	2.37	15.82	2.91	1.15	1.22	1.00	3.49	2.28	0.98	11.99
Interest	7.13	7.95	8.87	5.79	5.00	5.95	5.74	5.87	6.78	6.46	6.54	6.52	5.87
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	-11.24	-10.87	105.79	-4.71	21.52	3.38	10.89	1.83	5.32	1.51	5.42	2.00	5.09
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.50%	0.00%
	-11.24	-10.87	105.79	-4.71	21.52	3.38	10.89	1.83	5.32	1.51	5.42	1.93	5.09
EPS in Rs	-1.69	-1.64	15.93	-0.71	3.24	0.51	1.64	0.28	0.80	0.23	0.82	0.29	0.77
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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	TTM
	1,073	991	510	548	572	370	295	314	278	335	474	557	590
	1,069	1,048	588	552	583	409	330	315	295	350	437	521	564
Operating Profit	4	-57	-77	-4	-11	-39	-36	-0	-17	-16	36	37	26
OPM %	0%	-6%	-15%	-1%	-2%	-10%	-12%	-0%	-6%	-5%	8%	7%	4%
	12	29	-105	25	17	7	65	95	8	119	22	8	19
Interest	41	49	45	49	45	43	49	43	30	31	22	26	25
Depreciation	24	20	12	12	12	12	9	7	8	5	5	5	5
Profit before tax	-49	-97	-240	-39	-52	-87	-28	45	-48	67	31	14	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	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	2.11
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:	13%

Compounded Profit Growth
10 Years:	8%
5 Years:	17%
3 Years:	31%
TTM:	-81%

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

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	Sep 2024
Equity Capital	51	51	53	56	66	66	66	66	66	66	66	66	66
Reserves	134	72	-222	-256	5	-81	-158	-114	-33	10	25	16	51
	293	333	283	332	296	309	266	188	179	142	133	126	113
	434	488	318	310	366	320	303	347	415	397	388	433	400
Total Liabilities	912	942	432	441	733	614	478	487	628	616	614	641	630
	314	337	98	92	416	405	327	322	481	442	439	438	437
CWIP	4	2	2	0	0	0	0	0	0	1	1	1	1
Investments	2	2	1	1	1	1	1	1	2	2	2	2	2
	592	601	331	348	316	207	149	164	145	171	172	201	191
Total Assets	912	942	432	441	733	614	478	487	628	616	614	641	630

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	46
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	-71
Working Capital Days	21	-3	-11	-10	-79	-193	-298	-233	-313	-247	-138	-112
ROCE %	-2%	-13%	-27%	-10%	-4%	-14%	-17%	1%	-13%	-1%	21%	18%

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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