Kirloskar Industries Ltd

Kirloskar Industries Ltd

₹ 5,883 2.82%
24 Jul - close price
About

Kirloskar Ind is engaged in the business of Iron castings, Investments (Securities and Properties), Wind power generation and real estate.
The Company owns lands, buildings, apartments and offices in Pune, New Delhi and Jaipur. The Co. has given most of these lands, buildings and offices on a lease and license basis to the group and other companies. [1] [2]

Key Points

Revenue Segments FY22
Iron castings The Co. earns 92% revenues via its subsidiary (51% stake) Kirloskar Ferrous Industry limited
Tube: ~4%
Investments in Securities and Properties: 1% [1]
The Company's Standalone Business mainly consists of Dividend income from group companies and property licensing fees, contributing 90% of Standalone total income collectively. [2] [3]

  • Market Cap 5,846 Cr.
  • Current Price 5,883
  • High / Low 6,699 / 2,858
  • Stock P/E 78.3
  • Book Value 3,901
  • Dividend Yield 0.19 %
  • ROCE 3.41 %
  • ROE 2.46 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Company has a low return on equity of 3.25% over last 3 years.
  • Earnings include an other income of Rs.42.3 Cr.
  • Working capital days have increased from 4,785 days to 14,148 days

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
16 1 48 2 21 1 48 5 33 9 42 7 33
6 4 5 4 5 3 4 4 7 4 6 8 10
Operating Profit 10 -2 43 -2 16 -3 44 1 26 5 37 -1 23
OPM % 62% -180% 90% -127% 75% -420% 91% 14% 79% 59% 86% -9% 68%
6 7 8 8 8 7 8 7 7 20 8 7 7
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 0 1 1
Profit before tax 15 4 49 4 23 3 51 7 32 24 44 5 29
Tax % 10% 22% 25% -7% 29% 31% 17% 33% 22% 50% 17% 16% 24%
14 3 37 5 16 2 42 5 25 12 36 4 22
EPS in Rs 13.96 2.95 38.25 4.87 16.32 2.46 42.96 4.65 25.28 12.28 36.45 4.53 22.13
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
52 64 60 76 48 72 46 86 55 100 117 91
6 7 7 7 10 20 17 17 21 18 21 27
Operating Profit 46 57 53 69 38 52 29 69 34 82 97 64
OPM % 89% 90% 88% 90% 80% 72% 63% 80% 62% 82% 82% 70%
0 0 2 0 0 0 32 0 3 3 1 42
Interest 0 0 0 0 0 2 1 1 2 2 2 2
Depreciation 3 3 1 1 1 2 3 3 3 3 3 2
Profit before tax 43 54 54 68 37 49 57 65 32 80 93 102
Tax % 16% 14% 17% 12% 23% 14% 13% 8% 16% 24% 21% 27%
36 47 45 60 29 42 50 59 27 61 74 75
EPS in Rs 37.19 48.07 46.48 62.06 29.69 43.69 51.00 61.23 28.01 62.22 74.96 75.17
Dividend Payout % 11% 8% 43% 32% 67% 48% 41% 16% 36% 16% 15% 17%
Compounded Sales Growth
10 Years: 4%
5 Years: 15%
3 Years: 18%
TTM: -22%
Compounded Profit Growth
10 Years: 5%
5 Years: 9%
3 Years: 40%
TTM: 1%
Stock Price CAGR
10 Years: 32%
5 Years: 50%
3 Years: 51%
1 Year: 84%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 3%
Last Year: 2%

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
Equity Capital 10 10 10 10 10 10 10 10 10 10 10 10
Reserves 616 659 683 721 750 1,650 1,194 828 1,405 1,604 2,181 3,862
0 0 0 0 0 16 11 12 13 11 12 13
19 18 37 20 22 7 12 16 12 16 50 264
Total Liabilities 645 687 729 751 781 1,682 1,227 866 1,439 1,641 2,253 4,149
10 7 6 6 13 38 42 43 38 39 36 35
CWIP 0 0 0 0 0 2 0 1 0 0 0 0
Investments 542 598 597 686 680 1,598 1,109 716 1,244 1,403 1,854 3,848
93 82 125 59 88 44 76 107 158 198 362 267
Total Assets 645 687 729 751 781 1,682 1,227 866 1,439 1,641 2,253 4,149

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
-4 -13 -5 -13 -16 -22 -45 -18 -28 -26 -66 -36
12 11 10 56 19 39 69 79 31 16 90 7
-5 -4 -4 -43 -1 -21 -23 -32 -0 -10 -10 14
Net Cash Flow 3 -6 0 0 3 -3 1 29 2 -20 15 -15

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 2 0 0 2 14 5 1 0 0 1 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 2 0 0 2 14 5 1 0 0 1 0 0
Working Capital Days -26 11 -159 25 53 44 336 255 551 107 101 14,148
ROCE % 7% 8% 8% 10% 5% 4% 4% 6% 3% 5% 5% 3%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
72.84% 72.61% 72.58% 72.43% 72.38% 72.37% 71.81% 71.80% 71.77% 71.77% 71.52% 71.44%
0.37% 0.42% 0.40% 0.39% 0.62% 0.58% 0.64% 0.57% 0.69% 0.73% 0.63% 0.71%
4.13% 4.12% 4.12% 4.11% 3.85% 3.46% 2.14% 1.94% 1.89% 1.89% 1.88% 1.94%
22.66% 22.85% 22.91% 23.08% 23.15% 23.61% 25.39% 25.67% 25.64% 25.61% 25.97% 25.90%
No. of Shareholders 18,82018,70018,37818,15017,38717,25617,08116,89716,94317,28416,84618,894

* 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.

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