BSE: 500241 | NSE: KIRLOSBROS | Engineering - Industrial Equipments | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Brothers Ltd is a average quality company.
The key valuation ratios of Kirloskar Brothers Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Kirloskar Brothers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 4.6% | 4.5% | 8.1% | 11.3% | 13.9% | 12.6% | 12% | 9.9% | 16.2% | 23% | - |
| Value Creation Index ⓘ | -0.7 | -0.7 | -0.4 | -0.2 | 0.0 | -0.1 | -0.2 | -0.3 | 0.2 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,626 | 1,639 | 1,735 | 1,913 | 2,223 | 2,097 | 1,800 | 2,166 | 2,540 | 2,720 | 2,899 |
| Sales YoY Gr. | - | 0.8% | 5.9% | 10.2% | 16.3% | -5.7% | -14.2% | 20.3% | 17.3% | 7.1% | - |
| Adj EPS ⓘ | 1.4 | 1.5 | 4.2 | 8.2 | 10.9 | 9.5 | 11.8 | 9.7 | 20.1 | 30.7 | 35.1 |
| YoY Gr. | - | 11% | 178.3% | 93.9% | 32.3% | -12.4% | 24.4% | -18.3% | 108.3% | 52.5% | - |
| BVPS (₹) ⓘ | 100.3 | 101.5 | 105.5 | 112.8 | 118.4 | 123 | 134.5 | 141.7 | 157.6 | 182.9 | 190.2 |
| Adj Net Profit ⓘ | 10.9 | 12.1 | 33.6 | 65.1 | 86.1 | 75.5 | 93.9 | 76.7 | 160 | 244 | 278 |
| Cash Flow from Ops. ⓘ | 109 | 50.5 | 118 | 148 | 82.9 | 212 | 243 | 78 | 249 | 209 | - |
| Debt/CF from Ops. ⓘ | 2.2 | 5 | 1.6 | 1.1 | 1.9 | 1.5 | 0.6 | 3 | 0.5 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 5.9% | 4.1% | 14.8% | 7.1% | ||||
| Adj EPS ⓘ | 41.3% | 23.1% | 37.4% | 52.5% | ||||
| BVPSⓘ | 6.9% | 9.1% | 10.8% | 16% | ||||
| Share Price | 26.3% | 74.6% | 85.9% | 141.2% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 1.4 | 1.5 | 4.1 | 7.5 | 9.4 | 7.9 | 9.2 | 7 | 13.4 | 18 | 18.8 |
| Op. Profit Mgn % ⓘ | 5.5 | 4 | 6.2 | 7.1 | 7.3 | 8.2 | 9.6 | 7.3 | 9.7 | 12.4 | 13.3 |
| Net Profit Mgn % ⓘ | 0.7 | 0.7 | 1.9 | 3.4 | 3.9 | 3.6 | 5.2 | 3.5 | 6.3 | 9 | 9.6 |
| Debt to Equity ⓘ | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | 0.2 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 292 | 289 | 274 | 262 | 239 | 255 | 275 | 219 | 184 | 175 | 93 |
| Cash Conv. Cycle ⓘ | 14 | 22 | 21 | 29 | 34 | 41 | 38 | 39 | 37 | 38 | 40 |
Return on Equity has increased versus last 3 years average to 18.80%
Sales growth is growing at healthy rate in last 3 years 14.76%
Net Profit is growing at healthy rate in last 3 years 37.44%
Sales growth is good in last 4 quarters at 12.25%
No data to display
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 35.1 | 49.7 |
| TTM Sales (₹ Cr.) | 2,899 | 4,255 |
| BVPS (₹.) ⓘ | 190.2 | 233.4 |
| Reserves (₹ Cr.) ⓘ | 1,540 | 1,837 |
| P/BV ⓘ | 11.37 | 9.27 |
| PE ⓘ | 61.65 | 43.48 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 838.10 / 2684.70 |
| All Time Low / High (₹) | 2.23 / 2684.70 |
| Market Cap (₹ Cr.) | 17,170 |
| Equity (₹ Cr.) | 15.9 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 59.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,626 | 1,639 | 1,735 | 1,912 | 2,223 | 2,097 | 1,800 | 2,166 | 2,540 | 2,720 |
| Operating Expenses ⓘ | 1,540 | 1,574 | 1,629 | 1,779 | 2,061 | 1,926 | 1,627 | 2,009 | 2,296 | 2,384 |
| Manufacturing Costs | 141 | 152 | 157 | 168 | 210 | 209 | 141 | 222 | 263 | 293 |
| Material Costs | 952 | 990 | 997 | 1,129 | 1,321 | 1,162 | 1,070 | 1,317 | 1,474 | 1,479 |
| Employee Cost | 170 | 192 | 217 | 227 | 241 | 258 | 225 | 251 | 287 | 343 |
| Other Costs ⓘ | 276 | 240 | 258 | 254 | 290 | 297 | 191 | 219 | 271 | 268 |
| Operating Profit ⓘ | 85 | 65 | 106 | 134 | 162 | 171 | 172 | 157 | 244 | 336 |
| Operating Profit Margin (%) | 5.2% | 4.0% | 6.1% | 7.0% | 7.3% | 8.2% | 9.6% | 7.2% | 9.6% | 12.4% |
| Other Income ⓘ | 11 | 23 | 18 | 19 | 25 | 25 | 19 | 36 | 33 | 42 |
| Interest ⓘ | 41 | 38 | 32 | 25 | 26 | 30 | 24 | 16 | 14 | 6 |
| Depreciation ⓘ | 50 | 41 | 40 | 35 | 37 | 40 | 38 | 41 | 42 | 49 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | -6 | -4 | -25 | -14 | -1 |
| Profit Before Tax ⓘ | 6 | 9 | 53 | 92 | 124 | 120 | 125 | 111 | 207 | 323 |
| Tax ⓘ | -3 | -3 | 20 | 27 | 37 | 41 | 32 | 33 | 55 | 79 |
| Profit After Tax | 8 | 12 | 33 | 66 | 87 | 79 | 93 | 78 | 153 | 243 |
| PAT Margin (%) | 0.5% | 0.7% | 1.9% | 3.4% | 3.9% | 3.8% | 5.2% | 3.6% | 6.0% | 8.9% |
| Adjusted EPS (₹) | 1.1 | 1.5 | 4.2 | 8.3 | 11.0 | 10.0 | 11.7 | 9.8 | 19.2 | 30.7 |
| Dividend Payout Ratio (%) | 47% | 32% | 24% | 30% | 23% | 25% | 26% | 30% | 23% | 20% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 796 | 806 | 838 | 896 | 940 | 977 | 1,068 | 1,125 | 1,252 | 1,452 |
| Share Capital ⓘ | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
| Reserves ⓘ | 780 | 790 | 822 | 880 | 924 | 961 | 1,052 | 1,110 | 1,236 | 1,436 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 237 | 253 | 189 | 153 | 147 | 284 | 114 | 203 | 82 | 39 |
| Long Term Debt | 3 | 2 | 1 | 36 | 24 | 59 | 34 | 82 | 49 | 0 |
| Short Term Debt | 234 | 252 | 188 | 117 | 124 | 225 | 80 | 121 | 33 | 39 |
| Trade Payables | 405 | 391 | 414 | 442 | 537 | 451 | 468 | 452 | 455 | 501 |
| Others Liabilities ⓘ | 479 | 486 | 485 | 551 | 514 | 599 | 565 | 534 | 548 | 517 |
| Total Liabilities ⓘ | 1,917 | 1,937 | 1,925 | 2,041 | 2,139 | 2,310 | 2,215 | 2,314 | 2,337 | 2,509 |
Fixed Assets | ||||||||||
| Gross Block | 622 | 639 | 663 | 684 | 718 | 781 | 800 | 888 | 907 | 1,039 |
| Accumulated Depreciation | 311 | 343 | 372 | 403 | 438 | 476 | 502 | 537 | 572 | 610 |
| Net Fixed Assetsⓘ | 311 | 296 | 291 | 281 | 280 | 304 | 299 | 351 | 335 | 430 |
| CWIP ⓘ | 7 | 6 | 3 | 12 | 24 | 48 | 72 | 21 | 78 | 24 |
| Investmentsⓘ | 233 | 239 | 239 | 274 | 298 | 337 | 464 | 565 | 491 | 527 |
| Inventories | 188 | 206 | 260 | 313 | 367 | 420 | 374 | 419 | 439 | 492 |
| Trade Receivables | 395 | 357 | 340 | 382 | 471 | 339 | 349 | 394 | 369 | 444 |
| Cash Equivalents | 14 | 20 | 25 | 61 | 35 | 197 | 62 | 61 | 150 | 155 |
| Others Assetsⓘ | 770 | 813 | 767 | 720 | 664 | 665 | 595 | 502 | 473 | 438 |
| Total Assets ⓘ | 1,917 | 1,937 | 1,925 | 2,041 | 2,139 | 2,310 | 2,215 | 2,314 | 2,337 | 2,509 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 109 | 50 | 118 | 148 | 83 | 212 | 243 | 78 | 249 | 209 |
| PBT ⓘ | 6 | 7 | 53 | 92 | 124 | 120 | 125 | 111 | 207 | 323 |
| Adjustment ⓘ | 109 | 88 | 109 | 76 | 86 | 105 | 88 | 75 | 99 | 56 |
| Changes in Working Capital ⓘ | 5 | -30 | -49 | -9 | -112 | 16 | 57 | -83 | -6 | -98 |
| Tax Paid ⓘ | -11 | -15 | 5 | -11 | -15 | -29 | -27 | -25 | -52 | -71 |
| Cash Flow From Investing Activity ⓘ | -66 | -20 | -21 | -60 | -61 | -139 | -177 | -139 | -3 | -89 |
| Capex | -65 | -25 | -32 | -34 | -47 | -89 | -57 | -42 | -85 | -89 |
| Net Investments | 2 | -10 | 0 | 1 | 0 | -45 | -79 | -123 | 64 | -29 |
| Others ⓘ | -3 | 15 | 11 | -28 | -14 | -5 | -41 | 27 | 18 | 29 |
| Cash Flow From Financing Activityⓘ | -44 | -24 | -91 | -52 | -47 | 89 | -199 | 62 | -155 | -113 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | -65 | -24 | -5 | 150 | -25 | 49 | -33 | -49 |
| Interest Paid ⓘ | -35 | -31 | -26 | -18 | -18 | -19 | -24 | -11 | -10 | -2 |
| Dividend Paid ⓘ | -20 | -9 | -1 | -10 | -24 | -42 | -4 | -24 | -24 | -36 |
| Others ⓘ | 11 | 16 | 0 | 0 | 0 | 0 | -145 | 49 | -88 | -27 |
| Net Cash Flow ⓘ | -1 | 6 | 6 | 36 | -25 | 162 | -133 | 1 | 91 | 6 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 1.06 | 1.53 | 4.01 | 7.57 | 9.51 | 8.26 | 9.12 | 7.13 | 12.84 | 18 |
| ROCE (%) | 4.55 | 4.5 | 8.12 | 11.27 | 13.92 | 12.59 | 11.95 | 9.88 | 16.21 | 22.97 |
| Asset Turnover Ratio | 0.89 | 0.89 | 0.94 | 0.98 | 1.06 | 0.94 | 0.8 | 0.97 | 1.11 | 1.14 |
| PAT to CFO Conversion(x) | 13.63 | 4.17 | 3.58 | 2.24 | 0.95 | 2.68 | 2.61 | 1 | 1.63 | 0.86 | Working Capital Days |
| Receivable Days | 79 | 80 | 70 | 68 | 70 | 71 | 69 | 62 | 54 | 54 |
| Inventory Days | 34 | 42 | 47 | 54 | 56 | 68 | 80 | 66 | 61 | 61 |
| Payable Days | 150 | 147 | 147 | 138 | 135 | 155 | 157 | 128 | 112 | 118 |
Kirloskar Brothers (KBL), established in 1888, is engaged in manufacturing pumps. KBL was incorporated in the year 1920 it is part of $2.2 billion Kirloskar group. It is India’s largest manufacturer and exporter of pumps and valves. KBL Sales in 2010-2011 exceeded US $ 590 Million with a market capitalization of more than US $ 350 million. The core business of KBL is manufacturing of project and engineered pumps, industrial pumps, agriculture and domestic pumps, valves, hydro turbines, power generation and anti corrosion products.
The company is one of the three manufacturers in the world to manufacture and install 200 KW canned motor pumps for nuclear application. KBL is India’s largest manufacturer and exporter of pumps and also the largest infrastructure pumping project contractor in Asia. To its credit KBL has created the world’s largest pumping scheme which will irrigate more than two million hectares of land and supply water to 4620 towns and villages in the state of Gujarat in India. The scheme was known as Sardar Sarovar Narmada Nigam Scheme.
KBL’s subsidiary in England, SPP Pumps which was acquired in 2003 is the undisputed leader in the Fire-fighting and Water Supply segments in Europe and the Middle East. Together KBL and SPP represent the world’s largest fire fighting pump business for onshore and offshore applications. KBL is one of the three manufacturers in the world who have manufactured and installed 200 kW Canned motor pumps for nuclear application. KBL is the first company to introduce Concrete Volute Pumps in India.
In April 2010, Kirloskar Brothers through its wholly owned subsidiary - Kirloskar Brothers International B. V., Netherlands, had acquired 90% shares in Braybar, based in South Africa.
In December 2010, Kirloskar Brothers disposed off its 100% shares of the wholly owned subsidiaries -- Pressmatic Electro Stampings and Quadromatic Engineering -- to its wholly owned subsidiary -- Hematic Motors -- at its acquisition cost, at an aggregate price of about Rs 30 crore.
During March 2011, the company had manufactured the largest horizontal split-case pump for the Indian market. The pumps of the same size have already been supplied by KBL in the export markets which are operational in Portugal and Sudan.
In June 2011, Kirloskar Brothers had opened a new plant at Coimbatore for manufacturing small pumps.
Awards & Milestones
2010
Kirloskar Systech Ltd. has been incorporated as a Wholly Owned Subsidiary of Kirloskar Brothers Ltd.
2011
KBL launches innovative design Tamper Proof Kinetic Air Valve
KBL Launches Mobile Pump Controller
Kirloskar Brothers Limited wins prestigious SAP ACE Award 2011
KBL honoured with the Golden Peacock Award 2010 (CSR)
KBL wins National Energy Management Award 2009
Mr. Srivastava, Director, Kirloskar Brothers honoured with the "Power Persona of the Year Award"
2012
KBL Launches web based troubleshooting guide for pumps.
Kirloskar Brothers Limited inauguratesits first Authorised Refurbishment Centre (ARC) at Vadodara
KBL gets trademark registration for JALVERTER.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
