Kirloskar Oil Engines Ltd - Stock Valuation and Financial Performance

BSE: 533293 | NSE: KIRLOSENG | Engineering - Industrial Equipments | Small Cap

Kirloskar Oil Eng Share Price

1,057.60 -62.15 -5.55%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Kirloskar Oil Eng

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Kirloskar Oil Engines stock performance -

mw4me loader
P/E Ratio (SA):
36.47
Market Cap:
16,249 Cr.
52-wk low:
526.2
52-wk high:
1,450

Is Kirloskar Oil Engines Ltd an attractive stock to invest in?

1. Is Kirloskar Oil Engines Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kirloskar Oil Engines Ltd is a good quality company.

2. Is Kirloskar Oil Engines Ltd undervalued or overvalued?

The key valuation ratios of Kirloskar Oil Engines Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Kirloskar Oil Engines Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Kirloskar Oil Engines Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Kirloskar Oil Eng:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Kirloskar Oil Engines Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 15.8%15.3%16.6%13.8%19.7%12.6%12.2%12.5%15.9%18.9%-
Value Creation
Index
0.10.10.20.00.4-0.1-0.1-0.10.10.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5072,4632,6702,8323,2032,8772,6943,3004,1164,8515,064
Sales YoY Gr.--1.8%8.4%6.1%13.1%-10.2%-6.4%22.5%24.7%17.8%-
Adj EPS 9.912.71210.215.510.812.211.818.624.930.7
YoY Gr.-28.7%-5.4%-15.1%51.5%-30.1%12.9%-3.8%57.9%34%-
BVPS (₹) 92.899.8111.8113.2122.8126.6137.1147.7160.8180.6194.3
Adj Net
Profit
143184174148224157177170269360446
Cash Flow from Ops. 33997.9172167146228526194260434-
Debt/CF from Ops. 00.10.10.10.10.10.20.50.30.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.6%8.7%21.7%17.8%
Adj EPS 10.8%9.9%26.7%34%
BVPS7.7%8%9.6%12.3%
Share Price 15% 45.6% 76.8% 98.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
1113.211.49.113.18.79.38.21214.516.4
Op. Profit
Mgn %
9.910.910.69.4118.310.58.110.411.613.3
Net Profit
Mgn %
5.77.56.55.275.46.65.26.57.48.8
Debt to
Equity
00000000.100.10
Working Cap
Days
757885969210811488868860
Cash Conv.
Cycle
-11-13-11218322615182022

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.40%

Sales growth is growing at healthy rate in last 3 years 21.65%

Net Profit is growing at healthy rate in last 3 years 26.73%

Sales growth is good in last 4 quarters at 13.30%

No data to display

Latest Financials - Kirloskar Oil Engines Ltd.

Standalone Consolidated
TTM EPS (₹) 30.7 36.2
TTM Sales (₹ Cr.) 5,064 6,186
BVPS (₹.) 194.3 200.8
Reserves (₹ Cr.) 2,791 2,885
P/BV 5.76 5.58
PE 36.47 30.94
From the Market
52 Week Low / High (₹) 526.20 / 1450.00
All Time Low / High (₹) 70.05 / 1450.00
Market Cap (₹ Cr.) 16,249
Equity (₹ Cr.) 29
Face Value (₹) 2
Industry PE 57.5

Management X-Ray of Kirloskar Oil Eng:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Kirloskar Oil Eng

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales2,5072,4632,6702,8323,2032,8772,6943,3004,1164,851
Operating Expenses 2,2592,1962,3892,5672,8522,6392,4113,0333,6894,288
Manufacturing Costs254242256258272270249287349408
Material Costs1,5981,5211,6661,8172,0711,8741,7432,2912,7903,244
Employee Cost 188185202206216218199207236307
Other Costs 218249266286293277220248314330
Operating Profit 249267282265350239284267427562
Operating Profit Margin (%) 9.9%10.8%10.6%9.4%10.9%8.3%10.5%8.1%10.4%11.6%
Other Income 59848469624024272729
Interest 0933446658
Depreciation 102111111109736762778597
Exceptional Items 0-2500016-85300
Profit Before Tax 205205252222336225231263364487
Tax 6240797211155625594125
Profit After Tax 143165174150225170170208270362
PAT Margin (%) 5.7%6.7%6.5%5.3%7.0%5.9%6.3%6.3%6.6%7.5%
Adjusted EPS (₹)9.911.412.010.415.611.811.714.418.725.0
Dividend Payout Ratio (%)51%44%42%48%32%34%34%28%27%24%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,3411,4441,6171,6371,7751,8301,9832,1362,3282,618
Share Capital 29292929292929292929
Reserves 1,3131,4151,5881,6081,7461,8011,9542,1072,2992,589
Minority Interest0000000000
Debt0712171315788175179
Long Term Debt000000034067
Short Term Debt0712171315784775112
Trade Payables338346355420382348505510633727
Others Liabilities 253173185186257265278286304397
Total Liabilities 1,9321,9702,1702,2592,4272,4582,8443,0123,3403,921

Fixed Assets

Gross Block1,2491,3061,3561,4411,4701,4901,6281,6991,7421,896
Accumulated Depreciation7368319181,0181,0711,1281,1831,2491,3171,405
Net Fixed Assets514475437422399362446450425491
CWIP 212915304174553966243
Investments 8767939929319941,1011,5341,6721,6931,876
Inventories172206226265242300265303468524
Trade Receivables53159201326355363356395467568
Cash Equivalents 254018651861729313498
Others Assets272268280220210240159121186122
Total Assets 1,9321,9702,1702,2592,4272,4582,8443,0123,3403,921

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 33998172167146228526194260434
PBT 205205252222336225231263364487
Adjustment 39514869283062494100
Changes in Working Capital 173-113-100-42-10041265-16-102-44
Tax Paid -78-45-28-83-117-68-32-57-96-108
Cash Flow From Investing Activity -28280-1908-59-159-545-899-156-418
Capex -65-78-57-106-46-75-128-80-121-276
Net Investments -240158-13436714416-28568323-109
Others 22-11-252-27-500-132-887-358-34
Cash Flow From Financing Activity -84-1762-130-94-11533708-10150
Net Proceeds from Shares 0000000012
Net Proceeds from Borrowing 00000000-5097
Interest Paid 0-9-3-3-4-4-6-5-5-11
Dividend Paid -72-1450-108-72-94-22-58-72-72
Others -12-225-18-18-18617712533
Net Cash Flow -272-1545-6-47143466
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)10.9711.8711.359.2313.199.458.910.112.1114.62
ROCE (%)15.7715.3316.5613.7619.7112.6112.1712.5215.9218.88
Asset Turnover Ratio1.411.361.391.31.371.181.021.131.31.34
PAT to CFO Conversion(x)2.370.590.991.110.651.343.090.930.961.2
Working Capital Days
Receivable Days16152333394649423839
Inventory Days23262731293438313437
Payable Days70787373666682777274

Kirloskar Oil Engines Ltd Stock News

Kirloskar Oil Engines Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Kirloskar Oil Eng on 21-Nov-2024 16:59 is ₹1,057.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Kirloskar Oil Eng stood at ₹16,249.
The latest P/E ratio of Kirloskar Oil Eng as of 21-Nov-2024 16:59 is 36.47.
The latest P/B ratio of Kirloskar Oil Eng as of 21-Nov-2024 16:59 is 5.76.
The 52-week high of Kirloskar Oil Eng is ₹1,450 and the 52-week low is ₹526.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kirloskar Oil Eng is ₹5,064 ( Cr.) .

About Kirloskar Oil Engines Ltd

Kirloskar Oil Engines (KOEL) was incorporated in June 1978; is engaged in manufacturing of diesel engines. It is part of Kirloskar group of companies that has business interest in various sectors such as manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport.

KOEL manufactures diesel engines in the range of 2 Kva to 6 MW. The engines are preferred by various services sectors like banks, telecommunication establishments, commercial use buildings, hotels and restaurants.

In 2010 Company changed its name from Kirloskar Engines India Ltd. to Kirloskar Oil Engines Ltd. Inauguration of Kirloskar Oil Engines, Kagal Plant.

Business

The company is engaged in manufacturing of Diesel Engines, Irrigation Pump sets, Diesel Generating Sets, Engine Bearings and Engine Valves and Grey Iron Castings.

The company also offers generating sets over 1 MW that run on Heavy Fuel Oils.

The engine manufactured by company is preferred choice in powering Agricultural Machinery, Construction & Material Handling Machinery, Marine applications and equipment used by Armed Forces (Military).

The company sells small engine gensets under the name, “Kirloskar Green”.

The company had set up a greenfield project at Kagal, in Maharashtra. This project is an Export Oriented Unit that manufactures silent generating sets for global customers. It has manufacturing capacity of 60,000 engines

Company’s manufacturing plant has received ISO-14001 certification for Environmental Management System.

Important events

  • 2009 - CII EXIM Bank Award for Business Excellence 2009 for Strong Commitment to Excel from the Confederation of Indian Industries KOEL have received the ‘National Energy Conservation Award -2009’ from Hon. Minister of Power, GoI Mr. Sushilkumar Shinde.
  • 2010 - Inauguration of Kirloskar Oil Engines, Kagal Plant.Company has changed its name from Kirloskar Engines India Ltd. to Kirloskar Oil Engines Ltd.
  • Maharashtra Ratna 2010 awarded to Atul Kirloskar, Chairman and Managing Director, Kirloskar Oil Engines Limited, by the President of India, Pratibhatai Patil.
  • 2011The National Record 2011 award by Limca Book of Records for not losing a single man-day due to labour unrest in the past 50 years.Kirloskar Oil Engines Ltd. honored by “Parivartan Leadership Award for Sustainability-2011” organized by India Carbon Outlook, New Delhi.

 

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