Kirloskar Oil Engines logo

Kirloskar Oil Engines

KIRLOSENG NSE

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹31,469 Cr
Volatility
Moderate
P/E Ratio
57.72
EBITDA
₹1,486 Cr
Return on Equity
15.6%
Debt to Equity
1.48
Book Value
₹248.76
EPS
₹33.13
52W High
₹2,720
52W Low
₹864.65

Tapetide Score

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

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 8.71 times its book value

Growth Rate

Revenue Growth
21.79% higher than 3Y
Net Income Growth
17.76% lower than 3Y
Cash Flow Change
226% lower than 3Y
ROE
0.71% lower than 3Y
ROCE
14.36% higher than 3Y
EBITDA Margin (Avg.)
-1.14% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Kirloskar Oil Engines Ltd has a market cap of ₹31,469 Cr and trades at a PE of 60x with a price-to-book of 8.87x. The company has delivered strong compounded profit growth of 25% CAGR over 5 years and TTM sales growth of 23%, while ROE has improved to 18% in the last year from a 10-year average of 13%.

Bull Case 8
  • Strong 5-year compounded profit CAGR of 25%, indicating sustained earnings momentum well above the broader industrial sector average
  • TTM sales growth of 23% shows continued top-line acceleration, up from the 10-year compounded sales CAGR of 12%
  • ROE has improved to 18% in the last year from 13% over 10 years, reflecting better capital efficiency and improving return profile
  • 3-year ROE of 17% and 5-year ROE of 15% show a consistent upward trajectory in profitability metrics
  • TTM compounded profit growth of 28% outpaces TTM sales growth of 23%, suggesting margin expansion and operating leverage
  • Consistent dividend payout ratio of 18.9% demonstrates commitment to shareholder returns alongside reinvestment
  • Stock has delivered a 3-year CAGR of 64% and 5-year CAGR of 60%, reflecting strong market re-rating driven by improving fundamentals
  • 10-year compounded sales CAGR of 12% and profit CAGR of 16% show the company has a long track record of steady growth
Bear Case 7
  • PE ratio of 60x is elevated for an industrial products company, pricing in significant future growth and leaving limited margin of safety
  • Price-to-book of 8.87x is high, meaning the stock trades at a steep premium to its net asset value
  • Dividend yield of just 0.32% offers minimal income return relative to risk-free alternatives and reflects the stretched valuation
  • 1-year stock CAGR of 150% suggests a sharp re-rating that may have front-loaded future returns, increasing risk of mean reversion
  • The gap between 1-year stock return of 150% and TTM profit growth of 28% indicates much of the rally is driven by multiple expansion rather than earnings catch-up
  • Despite an 18.9% dividend payout ratio, the absolute yield of 0.32% implies earnings yield is only around 1.7%, well below cost of capital benchmarks
  • 10-year compounded sales growth of 12% is moderate for a company commanding a 60x PE multiple, suggesting the current valuation assumes a structural step-up in growth

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 2
  • DEUTZ partnership for global expansion Sep 2

    KOEL signed a strategic partnership with DEUTZ on a 1.6-litre R550 engine platform (18–41.2 kW) for construction and industrial machinery. The deal opens access to Europe and North America via DEUTZ's distribution network, with engines meeting EU Stage V and US EPA/CARB Tier 4 emissions standards.

  • Strong institutional investor interest Aug 25

    KOEL scheduled multiple investor meetings in late August with ICICI Pru, Franklin Templeton, Capital International, Balyasny Asset Management, and Strategic Growth Advisors, signaling active institutional engagement.

Neutral 2
  • Morgan Stanley investor meet Sep 10

    KOEL will host a virtual group meeting with Morgan Stanley analysts on September 16, 2026, as part of the Virtual India Industrials & Energy Seminar.

  • ESOP pool hike by 1 lakh Aug 21

    KOEL issued a postal ballot to increase its ESOP grant pool by 1 lakh shares, raising the total ceiling from 14 lakh to 15 lakh options.

TL;DR: Kirloskar Oil Engines is making a notable strategic push into global markets through its DEUTZ partnership, which gives it access to emission-compliant engine platforms and established distribution in Europe and North America. Active engagement with marquee institutional investors suggests growing buy-side interest. No visible headwinds in recent news flow. The trend is constructive, with the DEUTZ deal being a potential medium-term growth catalyst worth monitoring for revenue impact.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,543
1,305
1,391
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
82
97
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
105
122
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 in Rs
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
Figures in ₹ Crores

Profit & Loss

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
482
523
499
Depreciation
111
111
123
94
87
84
101
105
119
139
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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

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Shareholding Pattern

Others6.25%Promot.41.07%FIIs11.33%Public15.35%DIIs26.00%As ofJun 2026

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. The company caters to the agriculture, power g...
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 market capitalisation of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd has a market capitalisation of ₹31,469 Cr, which places it in the Large Cap band.
What is the PE ratio of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd trades at a PE ratio of 57.72, on earnings per share of ₹33.13, against a book value of ₹248.76 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 ₹864.65 and ₹2,720.
Does Kirloskar Oil Engines Ltd pay dividends?
Kirloskar Oil Engines Ltd has a dividend yield of 0.32%.
What is the Return on Equity (ROE) of Kirloskar Oil Engines Ltd?
Kirloskar Oil Engines Ltd reported a return on equity of 15.60%. 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.[1]

Website kirloskaroilengines.com
CEO Mr. Sachin Kejriwal
Employees 2,469
Listed 2010-12-24
Face Value ₹ 2
Issued Size 14,53,31,414

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