Kirloskar Pneumatic Company Ltd

Kirloskar Pneumatic Company Ltd

₹ 1,583 -0.73%
22 Nov - close price
About

Kirloskar Pneumatic Company Ltd, incorporated in 1958, is part of the Pune-based Kirloskar group. The Co. is engaged in the business of Compression & Transmission segments. It also undertakes O&M services for Compression Packages and has also entered logistic services by operating RoadRailer trains for end to end transportation of goods. It serves a variety of sectors like Oil & Gas, Steel, Cement, Food & Beverages, Railways, Marine and other industries. [1] [2]

Key Points

Market Share
The Co. is the market leader in CNG systems and oil and gas refrigeration in India, having a market share of over 60% in both business segments. It is the world's largest manufacturer of industrial gas compressors. [1] The Co. has a 70% market share in Indian ammonia refrigeration compressor segment. [2]

  • Market Cap 10,265 Cr.
  • Current Price 1,583
  • High / Low 1,736 / 561
  • Stock P/E 52.5
  • Book Value 157
  • Dividend Yield 0.41 %
  • ROCE 21.7 %
  • ROE 16.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 20.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 31.6%

Cons

  • Stock is trading at 10.0 times its book value
  • Promoter holding has decreased over last 3 years: -14.8%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
227 227 398 272 295 312 360 242 282 309 490 275 431
204 205 321 244 255 262 312 216 250 256 398 236 337
Operating Profit 23 22 78 28 40 50 48 26 32 53 92 39 94
OPM % 10% 10% 20% 10% 13% 16% 13% 11% 11% 17% 19% 14% 22%
3 2 4 2 4 2 3 6 4 4 -2 4 6
Interest 1 1 0 -0 -0 0 0 0 0 0 0 0 0
Depreciation 10 8 8 8 8 9 9 9 9 9 8 8 8
Profit before tax 16 16 73 22 36 44 42 24 27 47 81 36 92
Tax % 27% 22% 26% 25% 24% 25% 23% 24% 25% 25% 25% 25% 27%
11 12 54 16 27 33 32 18 20 35 60 27 68
EPS in Rs 1.77 1.88 8.44 2.52 4.21 5.08 4.99 2.77 3.12 5.40 9.30 4.15 10.41
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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
549 510 441 509 514 600 710 829 823 1,021 1,239 1,323 1,504
477 450 411 458 452 526 621 731 708 880 1,072 1,118 1,227
Operating Profit 72 60 29 51 62 75 90 98 115 141 168 205 277
OPM % 13% 12% 7% 10% 12% 12% 13% 12% 14% 14% 14% 15% 18%
14 16 19 21 28 16 14 10 10 12 11 11 12
Interest 3 2 1 1 1 1 2 3 4 4 2 2 0
Depreciation 11 13 19 19 17 17 22 33 38 35 34 35 33
Profit before tax 71 61 28 52 71 73 80 72 84 114 143 178 255
Tax % 33% 37% 21% 30% 25% 31% 31% 26% 24% 26% 24% 25%
47 39 23 36 54 50 55 53 64 85 109 133 190
EPS in Rs 7.34 6.05 3.52 5.67 8.38 7.78 8.60 8.33 9.93 13.18 16.80 20.58 29.26
Dividend Payout % 33% 33% 28% 25% 24% 31% 29% 32% 35% 30% 33% 32%
Compounded Sales Growth
10 Years: 10%
5 Years: 13%
3 Years: 17%
TTM: 26%
Compounded Profit Growth
10 Years: 14%
5 Years: 20%
3 Years: 30%
TTM: 90%
Stock Price CAGR
10 Years: 29%
5 Years: 64%
3 Years: 59%
1 Year: 174%
Return on Equity
10 Years: 12%
5 Years: 14%
3 Years: 15%
Last Year: 16%

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 13 13 13 13 13 13 13 13 13 13 13 13 13
Reserves 246 270 283 309 413 449 481 482 576 646 782 912 1,008
6 -0 -0 -0 -0 1 1 28 40 1 1 1 1
216 187 200 181 170 273 254 252 296 365 333 460 450
Total Liabilities 481 470 496 503 596 736 748 775 924 1,025 1,130 1,385 1,471
102 114 97 82 79 75 122 207 175 229 223 232 235
CWIP 0 -0 1 1 37 68 64 9 8 11 24 35 37
Investments 113 121 115 155 218 199 196 138 223 205 246 358 393
266 235 283 266 261 395 366 422 518 579 637 760 806
Total Assets 481 470 496 503 596 736 748 775 924 1,025 1,130 1,385 1,471

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
41 36 3 53 17 63 53 10 57 109 40 183
-25 -21 18 -30 -10 -15 -56 -6 -49 -46 -11 -136
-25 -18 -15 -18 -5 -14 -26 -6 10 -72 -28 -33
Net Cash Flow -9 -3 6 4 2 33 -30 -2 18 -9 0 14

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 88 102 147 109 93 127 94 83 137 107 97 103
Inventory Days 93 58 94 78 103 105 94 131 93 132 93 104
Days Payable 109 103 155 127 132 191 130 113 118 111 82 104
Cash Conversion Cycle 71 57 86 60 64 41 58 101 111 128 107 103
Working Capital Days 16 26 53 43 43 32 37 62 78 66 82 74
ROCE % 29% 22% 7% 16% 17% 16% 17% 15% 15% 18% 20% 22%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.71% 53.67% 53.63% 39.13% 39.10% 39.00% 39.00% 38.98% 38.93% 38.93% 38.90% 38.89%
0.15% 0.20% 0.17% 0.45% 0.56% 0.51% 0.40% 1.14% 1.28% 1.70% 3.93% 5.52%
18.92% 19.11% 19.13% 28.32% 28.67% 29.28% 30.87% 31.75% 32.30% 32.15% 31.52% 31.88%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.06% 0.06%
27.23% 27.02% 27.07% 32.09% 31.69% 31.21% 29.75% 28.13% 27.50% 27.21% 25.59% 23.67%
No. of Shareholders 25,82825,79125,97428,57629,30629,34325,64327,00027,79429,07534,67534,294

* 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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Documents

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