Kirloskar Oil Engines Ltd

Kirloskar Oil Engines Ltd

₹ 1,034 -1.15%
20 Dec - close price
About

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]

Key Points

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.

  • Market Cap 15,007 Cr.
  • Current Price 1,034
  • High / Low 1,450 / 644
  • Stock P/E 29.0
  • Book Value 201
  • Dividend Yield 0.58 %
  • ROCE 15.0 %
  • ROE 17.7 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 18.5% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 24.9%

Cons

  • Stock is trading at 5.15 times its book value
  • Company has a low return on equity of 13.8% 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.

Loading peers table ...

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
1,001 1,018 1,182 1,191 1,228 1,220 1,384 1,543 1,305 1,390 1,660 1,636 1,500
904 930 1,039 1,018 1,048 1,028 1,196 1,277 1,103 1,133 1,357 1,313 1,207
Operating Profit 97 88 143 173 181 192 188 266 201 257 303 323 293
OPM % 10% 9% 12% 15% 15% 16% 14% 17% 15% 18% 18% 20% 20%
7 5 8 6 6 7 11 7 8 -23 23 20 24
Interest 22 28 35 42 47 57 64 76 74 81 96 101 118
Depreciation 25 25 25 27 26 26 26 27 30 31 31 30 33
Profit before tax 57 40 91 110 113 117 109 170 105 122 198 211 166
Tax % 27% 27% 25% 26% 27% 24% 27% 26% 26% 26% 26% 26% 25%
42 29 68 82 83 88 79 126 78 89 147 156 125
EPS in Rs 2.93 2.12 4.79 5.64 5.79 6.09 5.45 8.67 5.38 6.20 10.25 10.98 8.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,464 2,674 3,055 3,626 3,379 3,296 4,022 5,020 5,897 6,186
2,187 2,390 2,790 3,251 3,085 2,909 3,610 4,286 4,873 5,010
Operating Profit 277 283 265 376 295 387 412 734 1,025 1,176
OPM % 11% 11% 9% 10% 9% 12% 10% 15% 17% 19%
49 83 72 63 52 17 27 29 18 44
Interest 9 3 12 13 14 50 106 210 328 397
Depreciation 111 111 123 94 87 84 101 105 119 125
Profit before tax 205 253 203 331 245 270 232 449 595 698
Tax % 19% 31% 33% 34% 23% 27% 26% 26% 26%
165 174 136 220 188 197 171 332 440 518
EPS in Rs 11.44 12.02 9.66 15.16 12.81 13.48 12.07 22.96 30.48 36.22
Dividend Payout % 44% 42% 52% 33% 31% 30% 33% 22% 20%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 21%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 32%
TTM: 39%
Stock Price CAGR
10 Years: 15%
5 Years: 48%
3 Years: 80%
1 Year: 57%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 14%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 1,415 1,588 1,547 1,670 1,716 1,893 2,053 2,275 2,647 2,885
7 12 142 90 189 849 1,965 3,244 4,142 5,430
519 541 783 807 825 1,026 975 1,169 1,450 1,437
Total Liabilities 1,970 2,170 2,500 2,595 2,759 3,797 5,021 6,717 8,268 9,782
475 440 702 663 623 698 721 689 769 931
CWIP 29 15 30 41 78 55 43 69 293 226
Investments 791 988 675 711 433 834 738 658 489 675
674 727 1,093 1,180 1,626 2,210 3,519 5,302 6,718 7,948
Total Assets 1,970 2,170 2,500 2,595 2,759 3,797 5,021 6,717 8,268 9,782

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
99 171 136 192 -124 -16 -1,041 -920 -469
82 -190 7 -38 233 -465 -3 -145 -109
-176 2 -96 -153 -43 599 950 1,182 800
Net Cash Flow 6 -16 48 1 67 118 -93 117 223

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 27 48 41 45 49 43 38 38
Inventory Days 49 49 64 49 69 68 54 64 67
Days Payable 82 77 91 69 70 106 80 79 83
Cash Conversion Cycle -10 -0 21 21 43 10 17 23 22
Working Capital Days 8 21 33 19 56 47 94 108 85
ROCE % 13% 10% 17% 12% 13% 10% 13% 15%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
59.44% 59.44% 59.44% 59.44% 59.43% 41.25% 41.23% 41.23% 41.22% 41.21% 41.18% 41.17%
1.33% 1.04% 1.02% 2.64% 3.60% 6.04% 6.17% 7.79% 9.06% 9.77% 9.98% 10.79%
16.91% 16.70% 16.81% 13.55% 14.66% 27.95% 28.57% 24.28% 24.37% 25.17% 25.42% 24.93%
22.32% 22.82% 22.73% 24.38% 22.31% 24.76% 24.03% 26.69% 25.36% 23.86% 23.40% 23.11%
No. of Shareholders 50,14052,71752,66957,25453,85256,26155,39472,79868,89177,5651,07,3231,21,481

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls