Kirloskar Oil Engines Ltd
KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors.[1]
- Market Cap ₹ 15,476 Cr.
- Current Price ₹ 1,066
- High / Low ₹ 1,450 / 530
- Stock P/E 34.7
- Book Value ₹ 194
- Dividend Yield 0.56 %
- ROCE 18.3 %
- ROE 14.2 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 26.2%
Cons
- Stock is trading at 5.49 times its book value
- Company has a low return on equity of 11.4% over last 3 years.
- Promoter holding has decreased over last 3 years: -18.3%
* 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-Non Electrical Equipment Industry: Engines
Part of Nifty MidSmallcap 400 BSE 400 MidSmallCap Index Nifty500 Multicap Infrastructure 50:30:20 Nifty 500 BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,357 | 2,319 | 2,507 | 2,463 | 2,670 | 2,832 | 3,203 | 2,877 | 2,694 | 3,300 | 4,116 | 4,851 | 5,064 | |
2,011 | 2,015 | 2,258 | 2,186 | 2,388 | 2,567 | 2,851 | 2,636 | 2,411 | 3,031 | 3,689 | 4,288 | 4,390 | |
Operating Profit | 347 | 304 | 249 | 277 | 283 | 265 | 351 | 242 | 284 | 269 | 427 | 562 | 674 |
OPM % | 15% | 13% | 10% | 11% | 11% | 9% | 11% | 8% | 11% | 8% | 10% | 12% | 13% |
19 | 38 | 58 | 49 | 83 | 69 | 61 | 54 | 16 | 77 | 27 | 29 | 37 | |
Interest | 2 | 0 | 0 | 9 | 3 | 3 | 4 | 4 | 6 | 6 | 5 | 8 | 10 |
Depreciation | 93 | 98 | 102 | 111 | 111 | 109 | 73 | 67 | 62 | 77 | 85 | 97 | 103 |
Profit before tax | 271 | 243 | 205 | 205 | 252 | 222 | 336 | 225 | 231 | 263 | 364 | 487 | 598 |
Tax % | 27% | 27% | 30% | 19% | 31% | 33% | 33% | 24% | 27% | 21% | 26% | 26% | |
199 | 178 | 143 | 165 | 174 | 150 | 225 | 170 | 170 | 208 | 270 | 362 | 446 | |
EPS in Rs | 13.75 | 12.34 | 9.90 | 11.43 | 12.01 | 10.38 | 15.56 | 11.78 | 11.74 | 14.38 | 18.67 | 24.95 | 30.72 |
Dividend Payout % | 36% | 41% | 51% | 44% | 42% | 48% | 32% | 34% | 34% | 28% | 27% | 24% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 9% |
3 Years: | 22% |
TTM: | 13% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 13% |
3 Years: | 28% |
TTM: | 51% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 47% |
3 Years: | 80% |
1 Year: | 98% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 10% |
3 Years: | 11% |
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 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 | 29 |
Reserves | 1,125 | 1,238 | 1,313 | 1,415 | 1,588 | 1,608 | 1,746 | 1,801 | 1,954 | 2,111 | 2,303 | 2,594 | 2,791 |
0 | 0 | 0 | 7 | 12 | 16 | 13 | 16 | 79 | 98 | 81 | 212 | 178 | |
589 | 584 | 591 | 519 | 540 | 605 | 639 | 612 | 781 | 775 | 927 | 1,087 | 1,141 | |
Total Liabilities | 1,743 | 1,851 | 1,932 | 1,970 | 2,170 | 2,259 | 2,427 | 2,458 | 2,844 | 3,012 | 3,340 | 3,921 | 4,139 |
591 | 543 | 514 | 475 | 440 | 422 | 399 | 362 | 446 | 450 | 425 | 491 | 571 | |
CWIP | 27 | 42 | 21 | 29 | 15 | 30 | 41 | 74 | 55 | 39 | 66 | 243 | 223 |
Investments | 418 | 608 | 876 | 793 | 990 | 931 | 994 | 1,101 | 1,534 | 1,672 | 1,693 | 1,876 | 1,773 |
707 | 658 | 521 | 673 | 725 | 876 | 993 | 920 | 809 | 850 | 1,156 | 1,311 | 1,572 | |
Total Assets | 1,743 | 1,851 | 1,932 | 1,970 | 2,170 | 2,259 | 2,427 | 2,458 | 2,844 | 3,012 | 3,340 | 3,921 | 4,139 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
216 | 338 | 339 | 98 | 172 | 167 | 146 | 228 | 526 | 194 | 260 | 434 | |
31 | -224 | -282 | 81 | -190 | 8 | -59 | -159 | -545 | -899 | -156 | -418 | |
-250 | -84 | -84 | -176 | 2 | -130 | -94 | -115 | 33 | 708 | -101 | 50 | |
Net Cash Flow | -3 | 29 | -27 | 3 | -15 | 45 | -6 | -47 | 14 | 3 | 4 | 66 |
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 | 45 | 28 | 8 | 24 | 27 | 42 | 40 | 46 | 48 | 44 | 41 | 43 |
Inventory Days | 49 | 43 | 39 | 49 | 49 | 53 | 43 | 58 | 56 | 48 | 61 | 59 |
Days Payable | 73 | 88 | 76 | 82 | 77 | 84 | 67 | 68 | 106 | 81 | 83 | 82 |
Cash Conversion Cycle | 20 | -17 | -30 | -10 | -0 | 11 | 16 | 37 | -2 | 11 | 20 | 20 |
Working Capital Days | 13 | -5 | -24 | 9 | 21 | 23 | 13 | 33 | 1 | 8 | 15 | 13 |
ROCE % | 25% | 20% | 14% | 13% | 13% | 11% | 17% | 10% | 12% | 10% | 15% | 18% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 Nov - Transcript of investor conference call uploaded.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Nov - Conference call held for Q2 financial results.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Nov 2024TranscriptNotesPPT REC
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021TranscriptPPT
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Feb 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Jan 2017TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
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Jan 2016TranscriptPPT
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Oct 2015TranscriptPPT
Products and Brands[1]
B2B Segment
Engines and Gensets, Industrial Engines, Power Solutions for Large / Institutional, Project Clients (Marine, Defence etc), After Sales Support, Retail Channel – Tractor spares, Oil, Batteries.