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Kirloskar Oil Engines

KIRLOSENG NSE
₹1,802.00 No trade today
P/E
47.96
View as Markdown
MCP
Close 4 Nov 2026 ₹1,802.00 +813.45 +82.3% 1Y
Start ₹988.55

Key Fundamentals

SmallcapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
14.60%
Debt to Equity
1.48
EPS (TTM)
₹37.57
Book Value
₹248.68
Market Cap
—
P/E (TTM)
47.96
P/B
7.25
ROE
17.50%
Dividend Yield
0.41%
EBITDA
₹1,486 Cr
52W High
₹2,720.00
52W Low
₹933.20
Volume
0

Peer Comparison

Industrials › Industrial Products › Compressors Pumps & Diesel Engines › Compressors, Pumps & Diesel Engines

Kirloskar Oil Engines peer comparison
Cummins
₹4,725.7055.34₹1,27,886 Cr15.461.42%30.20%39.50%₹12,662 Cr₹2,366 Cr
Kirloskar Oil Engines (this company)
₹1,802.0047.96₹25,029 Cr7.250.41%17.50%14.60%₹7,937 Cr₹534 Cr
Elgi Equipments
₹562.0539.78₹17,070 Cr7.980.51%19.00%22.10%₹4,146 Cr₹447 Cr
Kirloskar Brothers
₹1,715.7036.49₹13,785 Cr5.300.40%17.30%20.40%₹4,664 Cr₹377 Cr
Ingersoll Rand
₹4,045.8047.74₹12,935 Cr20.741.82%43.00%57.10%₹1,457 Cr₹267 Cr
KSB
₹659.2046.72₹11,469 Cr6.760.66%18.40%24.70%₹2,726 Cr₹246 Cr
Kirloskar Pneumatic Company
₹574.2028.19₹7,179 Cr5.792.18%22.70%30.30%₹1,788 Cr₹264 Cr
Median 7 companies₹1,715.7046.72₹13,785 Cr7.250.66%19.00%24.70%₹4,146 Cr₹377 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

55 Good

Data confidence 100/100

Category scores

Quality
64
Good
Returns, margins, earnings quality 22% weight
Valuation
68
Strong
Cheap vs sector & own history 24% weight
Growth
68
Strong
Sales & profit trajectory 9% weight
Financial Health
13
Poor
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company has delivered good profit growth of 25.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.9%

Weaknesses

1
  • Stock is trading at 8.81 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
37.66
Neutral
MACD (12,26,9)
−104.93
Bearish
SMA (50)
2,087.13
Bearish
SMA (200)
1,819.86
Bearish

As of

Analyst Rating

Based on 6 analysts
BUY83%

5 of 6 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
5
83%
HOLD
1
17%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.07%
5Y+18.50%
3Y+15.33%
1Y+21.68%
TTM+22.67%

Net profit

Net profit growth by window
10Y+13.04%
5Y+23.33%
3Y+19.18%
1Y+18.07%
TTM+16.34%

Operating cash flow

Operating cash flow growth by window
10Y+25.13%
5YTurned positive
3YTurned positive
1YTurned positive
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+7.12 pp
5Y+6.62 pp
3Y+3.74 pp
1Y−0.30 pp
TTM−0.92 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2,674 Cr
Mar 2018₹3,055 Cr
Mar 2019₹3,626 Cr
Mar 2020₹3,379 Cr
Mar 2021₹3,296 Cr
Mar 2022₹4,022 Cr
Mar 2023₹5,020 Cr
Mar 2024₹5,898 Cr
Mar 2025₹6,329 Cr
Mar 2026₹7,701 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹174 Cr
Mar 2018₹136 Cr
Mar 2019₹220 Cr
Mar 2020₹188 Cr
Mar 2021₹197 Cr
Mar 2022₹171 Cr
Mar 2023₹332 Cr
Mar 2024₹440 Cr
Mar 2025₹476 Cr
Mar 2026₹562 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹219 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 1.8× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 2 Nov 2026
AI opinion · based on fundamentals
Risk high

Kirloskar Oil Engines Ltd trades at ₹1,725.4 with a market cap of ₹25,800.67 crore as of 2026-11-02. The company has delivered strong profit growth of 25% CAGR over five years and TTM sales growth of 23%, but trades at a PE of 45.92 and 6.94 times book value, reflecting elevated valuation multiples relative to its return ratios.

Bull Case 8
  • Strong 5-year compounded profit growth of 25% CAGR, demonstrating sustained earnings momentum in the industrial products space
  • TTM sales growth of 23% indicates continued topline acceleration, well above the 10-year compounded sales growth rate of 12%
  • TTM profit growth of 28% outpaces TTM sales growth of 23%, suggesting margin expansion and improving operating leverage
  • ROE has improved from a 10-year average of 13% to 18% in the last year, reflecting better capital efficiency
  • ROCE of 18.4% as of 2026-11-02 signals the business generates healthy returns on total capital employed
  • Stock has compounded at 60% CAGR over 5 years, reflecting strong sustained re-rating alongside earnings growth
  • Company has maintained a consistent dividend payout of 18.9%, providing some return to shareholders even in a growth phase
  • 3-year compounded sales growth of 15% and profit growth of 22% show the growth trajectory has been building over multiple years, not just a single quarter
Bear Case 7
  • Price-to-book ratio of 6.94 is high; the stock has also been flagged as trading at 8.81 times book value on certain metrics, well above typical industrial sector norms
  • Stock is down 36.6% from its 52-week high of ₹2,720, indicating significant price volatility and potential loss of momentum
  • Debt-to-equity ratio of 1.48 is notable for a capital goods company and increases financial risk in a rising interest rate environment
  • Dividend yield of just 0.39% offers minimal income cushion, meaning investor returns depend almost entirely on capital appreciation
  • 1-year stock CAGR of 146% suggests a parabolic run-up that may have front-loaded future returns, raising reversion risk
  • ROE of 15.6% as of 2026-11-02 is respectable but does not convincingly justify a PE of nearly 46x, creating a valuation-return mismatch
  • The gap between the 52-week low of ₹933.2 and the high of ₹2,720 represents a nearly 3x range, reflecting exceptionally high price volatility

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

4d ago

TL;DR: Kirloskar Oil Engines is actively expanding its international presence with two moves on the same day — a new Dutch subsidiary and a completed acquisition in South Africa. There are no visible headwinds in the latest news cycle. The trend suggests management is pursuing an overseas growth strategy, and execution on these subsidiaries will be worth monitoring in coming quarters.

Positives 2
  • Full acquisition of KTSPL Oct 1

    Kirloskar Oil Engines completed 100% equity acquisition of Kirloskar Trading SA (PTY) Limited through its subsidiary KIME on October 1, 2026, strengthening its international footprint.

  • New Dutch subsidiary formed Oct 1

    Kirloskar Oil Engines incorporated Kirloskar International B.V. in the Netherlands as a wholly owned subsidiary on October 1, 2026, signaling intent to expand European operations.

Quarterly Results

₹ Cr
KIRLOSENG quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,543
1,305
1,390
1,660
1,632
1,505
1,454
1,749
1,762
1,948
1,873
2,116
2,000
Expenses
1,277
1,103
1,133
1,357
1,307
1,207
1,199
1,437
1,435
1,567
1,541
1,740
1,699
Operating Profit
266
201
258
303
325
298
255
312
327
382
331
376
300
OPM %
17%
15%
19%
18%
20%
20%
18%
18%
19%
20%
18%
18%
15%
Other Income
7
8
−24
23
18
19
11
36
39
13
−13
2
15
Interest
76
74
81.38
96.38
101
118
133
131
139
136
128
120
116
Depreciation
27
30
31
31
30
33
37
39
40
42
43
49
49
PBT
170
106
121
198
211
166
95
179
187
216
148
210
151
Tax %
26%
26%
26%
26%
26%
25%
28%
29%
26%
26%
26%
26%
26%
Net Profit
126
78
89
147
156
125
68
127
139
159
109
155
111
EPS (₹)
8.67
5.38
6.2
10.25
10.98
8.79
4.91
9.03
9.77
11.18
7.66
10.91
7.82

Profit & Loss

₹ Cr
KIRLOSENG profit and loss, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,464
2,674
3,055
3,626
3,379
3,296
4,022
5,020
5,898
6,329
7,701
7,937
Expenses
2,187
2,390
2,790
3,251
3,085
2,909
3,610
4,286
4,871
5,148
6,287
6,547
Operating Profit
277
283
265
376
295
387
412
734
1,027
1,181
1,414
1,390
OPM %
11%
11%
9%
10%
9%
12%
10%
15%
17%
19%
18%
18%
Other Income
49
83
72
63
52
17
27
29
16
92
44
17
Interest
9
3
12
13
14
50
106
210
329
483
523
499
Depreciation
111
111
123
94
87
84
101
105
119
140
174
183
PBT
205
253
203
331
245
270
232
449
595
651
761
725
Tax %
19%
31%
33%
34%
23%
27%
26%
26%
26%
27%
26%
—
Net Profit
165
174
136
220
188
197
171
332
440
476
562
535
EPS (₹)
11.44
12.02
9.66
15.16
12.81
13.48
12.07
22.96
30.48
33.69
39.51
37.57
Div. Payout %
44%
42%
52%
33%
31%
30%
33%
22%
20%
19%
18%
—

Balance Sheet

₹ Cr
KIRLOSENG balance sheet, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
29
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
3,057
3,591
Borrowings
7
12
142
90
189
849
1,965
3,244
4,142
5,819
5,374
Other Liabilities
519
541
783
807
825
1,026
975
1,169
1,450
1,573
1,851
Total Liabilities
1,970
2,170
2,500
2,595
2,759
3,797
5,021
6,717
8,268
10,478
10,846
Fixed Assets
475
440
702
663
623
698
721
689
769
1,183
1,327
CWIP
29
15
30
41
78
55
43
69
293
98
149
Investments
791
988
675
711
433
834
738
658
489
601
440
Other Assets
674
727
1,093
1,180
1,626
2,210
3,519
5,302
6,718
8,597
8,930
Total Assets
1,970
2,170
2,500
2,595
2,759
3,797
5,021
6,717
8,268
10,478
10,846

Cash Flow

₹ Cr
KIRLOSENG cash flow, annual, ₹ crore
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
99
171
136
192
−124
−16
−1,041
−920
−469
−739
932
Investing
82
−190
7
−38
233
−465
−3
−145
−109
−522
−320
Financing
−176
2
−96
−153
−43
599
950
1,182
800
1,510
−589
Net Cash Flow
6
−16
48
1
67
118
−93
117
223
248
23
Free Cash Flow
22
114
26
139
−206
−120
−1,165
−1,081
−846
−996
595
CFO/OP
52
71
83
83
−16
8
−233
−109
−31
−49
79

Ratios

KIRLOSENG financial ratios, annual
Particulars Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
23
27
48
41
45
49
43
38
38
40
45
Inventory Days
49
49
64
49
69
68
54
64
67
60
61
Days Payable
82
77
91
69
70
106
80
79
83
72
78
Cash Conversion Cycle
−10
0
21
21
43
10
17
23
22
28
28
Working Capital Days
7
20
17
13
47
0
13
4
−49
−33
−2
ROCE %
—
13%
10%
17%
12%
13%
10%
13%
15%
14%
15%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Kirloskar Oil Engines insights

64 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 41.03%
  • DIIs 27.03%
  • Public 15.13%
  • FIIs 11.06%
  • Others 5.75%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Kirloskar Oil Engines

What does Kirloskar Oil Engines Ltd do?
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.
Where is Kirloskar Oil Engines Ltd (KIRLOSENG) listed?
Kirloskar Oil Engines Ltd trades as KIRLOSENG on the NSE and under code 533293 on the BSE.
Which sector does Kirloskar Oil Engines Ltd belong to?
Kirloskar Oil Engines Ltd is classified under the Industrial Products sector, in the Compressors Pumps & Diesel Engines industry.
What is the PE ratio of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd trades at a PE ratio of 47.96 as of 4 Nov 2026, on earnings per share of ₹37.57, against a book value of ₹248.68 per share.
What is the 52-week high and low of Kirloskar Oil Engines Ltd?
Over the last 52 weeks Kirloskar Oil Engines Ltd has traded between ₹933.2 and ₹2,720 as of 4 Nov 2026.
Does Kirloskar Oil Engines Ltd pay dividends?
Kirloskar Oil Engines Ltd has a dividend yield of 0.41%.
What is the Return on Equity (ROE) of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd reported a return on equity of 17.50%. Its debt-to-equity ratio is 1.48.

Company Information

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.

Website kirloskaroilengines.com
CEO Mr. Sachin Kejriwal
Employees 2,469
Listed 24 Dec 2010
Face Value ₹2

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