Kirloskar Brothers Limited (KIRLOSBROS)

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Kirloskar Brothers Limited (KIRLOSBROS) · mywealthgrid

About

Kirloskar Brothers manufactures compressors, pumps, and diesel engines for industrial sectors. Market cap ₹15,130 Cr with ROE 16.39% and minimal debt (D/E 0.08). Stock underperformed market 12 months (−3.04%) despite stable avg OPM 11.99%.

Face value: ₹2

Market cap

₹14,035 Cr

P/E

37.6×

P/B

5.7×

Dividend yield

0.8%

ROE

16.4%

ROCE

20.8%

Debt / equity

0.08

OPM

12%

EPS (TTM)

₹47.0

Book value

₹309.9

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE 40.52 leaves narrow margin for earnings disappointment

Operating margin swings 8.52–17.92% and EPS ranges ₹4.73–₹15.65 quarterly — verify what drives lumpiness (order timing, product mix, seasonal demand) and forward visibility

Industrials capex exposure — verify customer concentration by sector/geography and sensitivity to capex cycle downturns

Stock down 3% over 12 months despite margin stability — verify what market feared and whether resolved

Generated analysis · source review pending

Growth drivers

OPM ranged 8.52–17.92%; sustaining 12%+ average could drive margin expansion and EPS accretion above revenue growth

D/E 0.08 is significantly below typical industrial leverage — verify capex requirements, M&A appetite, or capital return plans

Quarterly revenue ₹650–₹1.4k Cr shows volatility — verify if order backlog exists, pipeline visibility, or typical deal cycle timing

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,767.6-4.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 20.2% (3-yr avg)
+High return on capital employed of 25.6%
+Profit CAGR of 18.3% over the last 5 years
+Almost debt-free (debt/equity 0.1)
+Comfortable interest coverage of 17.3×
+Dividend payout of 29.8% of profit
+High promoter holding of 66% with no pledge

Cons

No red flags triggered.

Research score

Structured signal from quality, growth, valuation and momentum.

47/100

Business quality: 64
Growth: 39

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Cummins India LimitedCUMMINSINDCUMMINSIND	₹1,34,719 Cr	₹1,34,719 Cr	₹12,662 Cr	₹2,588 Cr	21.4%	₹2,367 Cr	19.5%	34.7%	29.5%	60
Kirloskar Oil Engines LimitedKIRLOSENGKIRLOSENG	₹32,609 Cr	₹37,923 Cr	₹7,937 Cr	₹1,389 Cr	18.4%	₹535 Cr	7.3%	18.8%	16.8%	28
Elgi Equipments LimitedELGIEQUIPELGIEQUIP	₹18,528 Cr	₹18,932 Cr	₹4,146 Cr	₹613 Cr	14.7%	₹448 Cr	10.9%	28.4%	21%	114
Kirloskar Brothers LimitedKIRLOSBROSKIRLOSBROS	₹14,035 Cr	₹14,222 Cr	₹4,664 Cr	₹548 Cr	12%	₹373 Cr	8.3%	20.8%	16.4%	68
Ksb LimitedKSBKSB	₹14,032 Cr	₹14,032 Cr	₹2,726 Cr	₹347 Cr	13.9%	₹246 Cr	10%	22.6%	17.1%	204
Ingersoll Rand (India) LimitedINGERRANDINGERRAND	₹13,142 Cr	₹13,142 Cr	₹1,450 Cr	₹348 Cr	23.9%	₹266 Cr	18.4%	56.9%	41.8%	179
Shakti Pumps (India) LimitedSHAKTIPUMPSHAKTIPUMP	₹5,604 Cr	₹6,090 Cr	₹2,934 Cr	₹361 Cr	15.6%	₹212 Cr	9.6%	27.2%	18%	134
Greaves Cotton LimitedGREAVESCOTGREAVESCOT	₹5,265 Cr	₹5,591 Cr	₹3,665 Cr	₹239 Cr	7%	₹100 Cr	1%	9.9%	7.6%	-6
Kirloskar Pneumatic Company LimitedKIRLPNUKIRLPNU	₹4,433 Cr	₹4,435 Cr	₹1,808 Cr	₹370 Cr	20%	₹263 Cr	14.2%	29.2%	21.8%	90
Swaraj Engines LimitedSWARAJENGSWARAJENG	₹4,287 Cr	₹4,287 Cr	₹2,111 Cr	₹282 Cr	13.6%	₹202 Cr	9.8%	57.6%	43.2%	-3
Oswal Pumps LimitedOSWALPUMPSOSWALPUMPS	₹3,012 Cr	₹3,250 Cr	₹2,024 Cr	₹447 Cr	24.9%	₹336 Cr	18.2%	46.3%	35.1%	218
Yuken India LimitedYUKENYUKEN	₹1,552 Cr	₹1,656 Cr	₹492 Cr	₹53 Cr	10.9%	₹16 Cr	3.1%	8.7%	4.3%	170

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	3,135	2,717	3,058	3,730	4,001	4,492	4,538
COGS	1,642	1,450	1,680	1,955	1,983	2,198	2,241
Gross profit	1,494	1,267	1,377	1,776	2,018	2,294	2,297
	1,283	1,020	1,158	1,366	1,489	1,670	1,737
	211	247	219	410	530	625	560
OPM %	6.7%	9.1%	7.2%	11%	13.2%	13.9%	12.3%
Depreciation	71	68	70	69	78	89	100
Interest	52	44	34	35	26	25	30
	38	54	32	23	65	64	38
Profit before tax	125	189	148	329	491	574	468
Tax	53	28	54	93	141	156	91
Tax %	42.4%	14.9%	36.4%	28.3%	28.7%	27.1%	19.4%
	72	161	94	236	350	419	377
PAT margin %	2.3%	5.9%	3.1%	6.3%	8.7%	9.3%	8.3%
EPS (₹)	9.1	20.3	11.9	29.6	43.8	52.3	47.1
EPS adjusted (₹)	9.1	20.3	11.9	29.7	43.8	52.2	47
	27.6%	14.8%	25.3%	15.2%	13.7%	13.4%	14.9%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	16	16	16	16	16	16	16	16	16	16
Reserves	882	927	893	927	1,089	1,162	1,388	1,703	2,077	2,448
Minority interest	3	3	37	3	3	3	3	5	9	12
	355	330	363	550	300	375	253	155	131	187
	1,195	1,278	1,357	1,352	1,307	1,321	1,356	1,446	1,433	1,744
Total equity & liabilities	2,451	2,555	2,666	2,848	2,715	2,877	3,016	3,325	3,665	4,407
	478	458	454	450	478	532	531	634	655	702
CWIP	4	13	25	51	73	27	81	32	34	59
Investments	0	0	0	0	197	238	318	410	619	759
	1,969	2,083	2,187	2,347	1,966	2,080	2,085	2,249	2,358	2,888
Total assets	2,451	2,555	2,666	2,848	2,715	2,877	3,016	3,325	3,665	4,407

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47.6%	46.6%	45%	47.6%	50.4%	51.1%	50.6%
EBITDA margin %	6.6%	8.9%	6.7%	10.7%	13%	13.6%	12%
EBIT margin %	4.3%	6.4%	4.5%	8.9%	11%	11.6%	9.8%
PAT margin %	2.3%	5.9%	3.1%	6.3%	8.7%	9.3%	8.3%
Working capital
Receivable days	65	62	63	48	48	40	53
Inventory days	137	152	140	133	157	142	142
Payable days	—	138	128	115	122	100	128
NWC days	—	76	75	66	83	82	68
Leverage
Current ratio	1.19	1.28	1.41	1.55	1.7	1.85	1.83
Debt to EBITDA	2.66	1.25	1.82	0.63	0.3	0.22	0.34
Debt to equity	0.58	0.27	0.32	0.18	0.09	0.06	0.08
Interest coverage	3.3	5.1	5	10.1	19.4	23.9	17.3
Asset turnover	1.1	1	1.06	1.24	1.2	1.23	1.03
Return ratios
Return on assets %	2.5%	5.9%	3.3%	7.8%	10.5%	11.4%	8.6%
Return on capital employed %	15.1%	18.9%	12.6%	23.3%	28.1%	28%	20.8%
Return on equity %	7.6%	14.5%	8%	16.8%	20.3%	20%	15.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%	65.95%
	3.5%	3.88%	4.11%	5.03%	5.12%	5.62%	6.1%	6.27%	6.02%	6.05%	6.24%	6.41%
	9.3%	9.4%	9.77%	9.89%	10.12%	10.22%	9.61%	9.78%	9.89%	10.32%	10.38%	10.22%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	21.25%	20.77%	20.17%	19.13%	18.81%	18.21%	18.34%	18%	18.14%	17.68%	17.43%	17.42%
No. of shareholders	—	—	—	—	—	—	—	—	68,236	66,938	66,266	64,065

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 5 fund houses

Held by these funds

5.96%

of the company's equity

All mutual funds

8.22%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 5 fund houses

		Shares
SMALL CAP FUND	Nippon India Mutual Fund	45.25 L	859.87	1.04%	5.699%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	65,845	12.51	0.5%	0.083%	-1,442
MF INFRASTRUCTURE FUNDNEW	LIC Mutual Fund	61,645	11.71	1%	0.078%	—
MF MANUFACTURING FUNDNEW	LIC Mutual Fund	43,974	8.36	1.07%	0.055%	—
MF VALUE FUNDNEW	LIC Mutual Fund	33,839	6.43	2.13%	0.043%	—
BSE 500 ETF	ICICI Prudential Mutual Fund	471	0.09	0.02%	0.001%	+4
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	450	0.09	0.02%	0.001%	+2
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	75	0.01	0.02%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

23 announcementsExport CSV

16 Sept 2026, 6:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	47.6%	46.6%	45%	47.6%	50.4%	51.1%	50.6%
EBITDA margin %	6.6%	8.9%	6.7%	10.7%	13%	13.6%	12%
EBIT margin %	4.3%	6.4%	4.5%	8.9%	11%	11.6%	9.8%
PAT margin %	2.3%	5.9%	3.1%	6.3%	8.7%	9.3%	8.3%
Working capital
Receivable days	65	62	63	48	48	40	53
Inventory days	137	152	140	133	157	142	142
Payable days	—	138	128	115	122	100	128
NWC days	—	76	75	66	83	82	68
Leverage
Current ratio	1.19	1.28	1.41	1.55	1.7	1.85	1.83
Debt to EBITDA	2.66	1.25	1.82	0.63	0.3	0.22	0.34
Debt to equity	0.58	0.27	0.32	0.18	0.09	0.06	0.08
Interest coverage	3.3	5.1	5	10.1	19.4	23.9	17.3
Asset turnover	1.1	1	1.06	1.24	1.2	1.23	1.03
Return ratios
Return on assets %	2.5%	5.9%	3.3%	7.8%	10.5%	11.4%	8.6%
Return on capital employed %	15.1%	18.9%	12.6%	23.3%	28.1%	28%	20.8%
Return on equity %	7.6%	14.5%	8%	16.8%	20.3%	20%	15.3%

2 deals · 7 Jan 2025 – 7 Jan 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
7 Jan 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	4,11,609	₹2,186.78	₹90.01 Cr
7 Jan 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	4,11,609	₹2,185.42	₹89.95 Cr

1–2 of 2

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Date	Category	Subject	Filing
16 Sept 2026, 6:05 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Sept 2026, 5:06 pm	AGM/EGM Postal Ballot	Shareholder Meeting / Postal Ballot-Notice of Postal Ballot	PDF
7 Sept 2026, 9:06 pm	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
24 Aug 2026, 10:14 pm	Company Update General	Order Of Hon''ble Supreme Court Of India Dated August 11, 2026, In The Matter Of Special Leave Petition No. 8020 Of 2021 (Kirloskar Brothers Limited Vs. Atul Chandrakant Kirloskar & Ors.) With SLP No. 8221 Of 2021 And SLP No. 13070 Of 2021	PDF
18 Aug 2026, 2:52 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI Listing Regulations, 2015	PDF
14 Aug 2026, 6:33 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI Listing Regulations, 2015	PDF
10 Aug 2026, 12:56 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
3 Aug 2026, 8:07 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	100	148	83	316	143	329	376	386	334
	-33	-60	-61	-144	-87	-76	-189	-240	-209
	-58	-52	-47	-315	30	-169	-147	-92	-44
Net cash flow	9	36	-25	-143	86	84	40	54	81
Free cash flow	56	114	33	241	61	196	246	296	199
CFO / Operating profit %	—	—	—	131.6%	69.2%	82.5%	72.4%	63.3%	61.4%

Kirloskar Brothers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

21

1

Compounded sales growth

Compounded profit growth

Return on equity

Kirloskar Brothers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Announcements

Quarterly record

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends21

Board meetings1

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

21

1