Kirloskar Oil Engines Limited (KIRLOSENG)

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Kirloskar Oil Engines Limited (KIRLOSENG) · mywealthgrid

About

Kirloskar Oil Engines manufactures diesel engines, compressors, and pumps for industrial applications. With market cap ₹30,535 Cr and quarterly revenues of ₹1,380–₹2,116 Cr, it is a mid-sized Indian industrial-equipment player. Serves agriculture, construction, manufacturing, and power sectors.

Face value: ₹2

Market cap

₹32,609 Cr

P/E

61.0×

P/B

9.0×

Dividend yield

0.3%

ROE

16.8%

ROCE

18.8%

Debt / equity

1.47

OPM

18.4%

EPS (TTM)

₹36.8

Book value

₹249.1

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE of 57.12 is elevated; verify which end-markets justify current valuation and whether growth momentum is sustainable
Quarterly OPM swings from 11.25% (Jun 2026) to 19.59% (Sep 2025), showing exposure to cyclical demand and raw-material costs
Quarterly net profit ranges ₹86–155 Cr, reflecting earnings volatility; verify customer order visibility and demand durability
Debt-to-equity of 1.47 is moderate but material in cyclical sectors; confirm refinancing risk and capex cycle timing

Generated analysis · source review pending

Growth drivers

Peak quarterly net profit of ₹155.22 Cr (Mar 2026) vs. ₹86–111 Cr in weaker quarters shows earning power; sustaining high-margin quarters year-round would compound growth
OPM of 18.38% headline masks quarterly 11–20% range; stabilizing margins at 17–19% while holding revenue ₹1,380–2,116 Cr would expand bottom line
Dividend payments (latest Jul 2026) evidence cash generation; reinvested capital in capacity or new products could drive volume growth—verify board's capital-allocation strategy
Quarterly revenue spread of ₹1,380–2,116 Cr indicates seasonal or demand-cycle pattern; capturing off-season revenue or expanding into adjacent markets would accelerate growth

Generated analysis · source review pending

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

₹2,242.7-6.6%1Y

Quick read

rule-based

Pros

+Profit CAGR of 23.6% over the last 5 years
+Revenue CAGR of 18.5% over the last 5 years

Cons

−Expensive at 61× trailing earnings
−Trading at 9× book value

Research score

Structured signal from quality, growth, valuation and momentum.

32/100

Business quality: 35
Growth: 47
Valuation: 15

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 50 NIFTY SMALLCAP 100 NIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500

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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
	3,379	3,296	4,022	5,024	5,898	6,349	7,701
COGS	2,142	2,050	2,638	3,118	3,497	3,592	4,447
Gross profit	1,237	1,246	1,384	1,906	2,401	2,757	3,254
	950	860	972	1,171	1,372	1,566	1,839
	287	386	412	735	1,029	1,192	1,415
OPM %	8.5%	11.7%	10.3%	14.6%	17.4%	18.8%	18.4%
Depreciation	87	84	101	105	119	140	174
Interest	14	50	106	210	328	483	523
	59	18	27	28	13	83	42
Profit before tax	245	270	232	449	595	652	761
Tax	57	72	61	117	156	176	199
Tax %	23.2%	26.8%	26.3%	26.1%	26.1%	27%	26.1%
	188	197	171	332	440	476	562
PAT margin %	5.6%	6%	4.3%	6.6%	7.5%	7.5%	7.3%
EPS (₹)	12.8	13.5	12.1	23	30.5	33.7	39.5
EPS adjusted (₹)	12.8	13.5	12.1	23	30.5	33.7	38.7
	31.2%	29.7%	33.1%	21.8%	19.7%	19.3%	17.7%
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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	29	29	29	29	29	29	29
Reserves	—	1,893	2,053	2,275	2,647	3,057	3,591
Minority interest	—	—	0	0	—	—	—
	—	838	1,956	3,244	4,142	5,819	5,314
	—	1,041	993	1,177	1,460	1,575	1,918
Total equity & liabilities	—	3,801	5,030	6,725	8,278	10,480	10,852
	623	698	721	689	769	1,183	1,327
CWIP	—	32	24	18	252	71	61
Investments	—	834	738	658	489	601	440
	—	2,237	3,547	5,360	6,768	8,626	9,025
Total assets	—	3,801	5,030	6,725	8,278	10,480	10,852

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
B2B	5,685.81	592.02	2,640.6	1,405.33	1,235.27	47.93
B2C	1,138.53	106.19

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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 %	36.6%	37.8%	34.4%	37.9%	40.7%	43.4%	42.3%
EBITDA margin %	8.5%	11.7%	10.3%	14.6%	17.4%	18.8%	18.4%
EBIT margin %	5.9%	9.2%	7.7%	12.5%	15.4%	16.6%	16.1%
PAT margin %	5.6%	6%	4.3%	6.6%	7.5%	7.5%	7.3%
Working capital
Receivable days	—	49	43	138	123	40	45
Inventory days	—	68	54	64	67	60	61
Payable days	—	106	80	79	83	72	78
NWC days	—	10	17	122	107	28	28
Leverage
Current ratio	—	1.83	1.54	1.34	1.04	1.27	1.39
Debt to EBITDA	—	2.17	4.75	4.42	4.03	4.89	3.75
Debt to equity	—	0.44	0.94	1.41	1.55	1.89	1.47
Interest coverage	17.1	6.5	3.2	3.1	2.9	2.3	2.5
Asset turnover	—	0.87	0.8	0.75	0.71	0.61	0.71
Return ratios
Return on assets %	—	5.2%	3.4%	4.9%	5.3%	4.5%	5.2%
Return on capital employed %	—	12.9%	11.6%	17.7%	21%	18.7%	18.8%
Return on equity %	—	10.3%	8.2%	14.4%	16.4%	15.4%	15.5%

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
	41.23%	41.23%	41.21%	41.18%	41.17%	41.16%	41.15%	41.13%	41.12%	41.08%	41.07%	41.07%
	7.8%	9.06%	9.77%	9.98%	10.79%	10.99%	9.14%	8.48%	8.34%	8.45%	10.79%	11.33%
	24.28%	24.37%	25.17%	25.44%	24.93%	25.03%	26.58%	27.2%	27.99%	28.2%	26.69%	26%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	26.69%	25.34%	23.85%	23.4%	23.11%	22.82%	23.13%	23.19%	22.55%	22.27%	21.45%	21.6%
No. of shareholders	—	—	—	—	—	—	—	—	1,03,209	1,02,516	1,06,666	1,30,627

Promoter holding down 0.16 percentage points since Sep 2023.

49 deals · 2 Dec 2021 – 12 Nov 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	7,63,700	₹1,069.76	₹81.70 Cr
12 Nov 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	7,63,700	₹1,068.73	₹81.62 Cr
15 Sept 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Sell	9,95,643	₹484.41	₹48.23 Cr
8 Mar 2023	JYOTSNA GAUTAM KULKARNI	Block	NSE	Sell	1,29,70,499	₹322.00	₹417.65 Cr
8 Mar 2023	JYOTSNA GAUTAM KULKARNI	Bulk	NSE	Sell	1,29,70,499	₹322.00	₹417.65 Cr
8 Mar 2023	NIHAL GAUTAM KULKARNI	Bulk	NSE	Sell	63,67,082	₹322.00	₹205.02 Cr
8 Mar 2023	NIHAL GAUTAM KULKARNI	Block	NSE	Sell	63,67,082	₹322.00	₹205.02 Cr
8 Mar 2023	AMBAR GAUTAM KULKARNI	Bulk	NSE	Sell	62,85,406	₹322.00	₹202.39 Cr
8 Mar 2023	AMBAR GAUTAM KULKARNI	Block	NSE	Sell	62,85,406	₹322.00	₹202.39 Cr
8 Mar 2023	NIPPON INDIA MUTUAL FUND	Bulk	NSE	Buy	35,71,429	₹322.00	₹115.00 Cr

1–10 of 49

1 / 5

Mr. Rahul Chandrakant KirloskarNon-Executive - Non Independent Director-Chairperson related to Promoter
Ms. Gauri Atul KirloskarExecutive Director-MD
Mr. Vinesh Kumar JairathNon-Executive - Non Independent Director
Mr. Satish JamdarNon-Executive - Independent Director
Mr. Kandathil Mathew AbrahamNon-Executive - Independent Director
Mrs. Shalini SarinNon-Executive - Independent Director
Mr. Yogesh KapurNon-Executive - Independent Director
Mr. Purvi ShethNon-Executive - Independent Director
Mr. Arvind Hari GoelNon-Executive - Independent Director
Mr. Srikumar VijayasekharanNon-Executive - Independent Director
Mr. Sachin KejriwalChief Financial Officer

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F&O

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

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

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

Portfolio month

Schemes holding

across 16 fund houses

Held by these funds

16.18%

of the company's equity

All mutual funds

23.85%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

87 schemes · 16 fund houses

		Shares
Small Cap Fund	DSP Mutual Fund	35.17 L	738.27	3.41%	2.419%	-0
SMALL CAP FUND	Nippon India Mutual Fund	34 L	713.8	0.86%	2.338%	-0
Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^NEW	Franklin Templeton Mutual Fund	22.29 L	467.93	2.41%	1.533%	—
Small Cap Fund	Axis Mutual Fund	17.22 L	361.53	1.15%	1.184%	-0
Mid Cap Fund	DSP Mutual Fund	17.09 L	358.87	1.71%	1.176%	-0
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	14.65 L	307.61	2.09%	1.008%	-0
Flexi Cap Fund	DSP Mutual Fund	9.66 L	202.87	1.62%	0.665%	-0
Flexi Cap Fund	Nippon India Mutual Fund	7.94 L	166.63	1.7%	0.546%	-0

1–8 of 87

1 / 11

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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.

24

Final dividend31 Jul 2026 · ex-date₹4.5
Interim dividend20 Feb 2026 · ex-date₹2.5
Final dividend31 Jul 2025 · ex-date₹4
Interim dividend21 Feb 2025 · ex-date₹2.5
Final dividend1 Aug 2024 · ex-date₹3.5
Interim dividend23 Feb 2024 · ex-date₹2.5
Final dividend4 Aug 2023 · ex-date₹2.5
Interim dividend23 Feb 2023 · ex-date₹2.5
Final dividend3 Aug 2022 · ex-date₹2.5
Interim dividend21 Feb 2022 · ex-date₹1.5
Final dividend4 Aug 2021 · ex-date₹2.5
Interim dividend17 Mar 2021 · ex-date₹1.5
Interim dividend18 Mar 2020 · ex-date₹4
Final dividend1 Aug 2019 · ex-date₹2.5
Interim dividend6 Feb 2019 · ex-date₹2.5
Dividend dividend2 Aug 2018 · ex-date₹2.5
Interim dividend1 Feb 2018 · ex-date₹2.5
Dividend dividend27 Jul 2017 · ex-date₹5
Interim dividend18 Mar 2016 · ex-date₹5
Final dividend30 Jul 2015 · ex-date₹5
Final dividend1 Aug 2014 · ex-date₹5
Final dividend16 Jul 2013 · ex-date₹5
Final dividend10 Jul 2012 · ex-date₹4
Final dividend12 Jul 2011 · ex-date₹4

1

Board meeting to consider results6 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

41 announcementsExport CSV

1 Oct 2026, 6:33 pmCompany Update

Intimation Under Regulation 30 Of SEBI LODR

General PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	36.6%	37.8%	34.4%	37.9%	40.7%	43.4%	42.3%
EBITDA margin %	8.5%	11.7%	10.3%	14.6%	17.4%	18.8%	18.4%
EBIT margin %	5.9%	9.2%	7.7%	12.5%	15.4%	16.6%	16.1%
PAT margin %	5.6%	6%	4.3%	6.6%	7.5%	7.5%	7.3%
Working capital
Receivable days	—	49	43	138	123	40	45
Inventory days	—	68	54	64	67	60	61
Payable days	—	106	80	79	83	72	78
NWC days	—	10	17	122	107	28	28
Leverage
Current ratio	—	1.83	1.54	1.34	1.04	1.27	1.39
Debt to EBITDA	—	2.17	4.75	4.42	4.03	4.89	3.75
Debt to equity	—	0.44	0.94	1.41	1.55	1.89	1.47
Interest coverage	17.1	6.5	3.2	3.1	2.9	2.3	2.5
Asset turnover	—	0.87	0.8	0.75	0.71	0.61	0.71
Return ratios
Return on assets %	—	5.2%	3.4%	4.9%	5.3%	4.5%	5.2%
Return on capital employed %	—	12.9%	11.6%	17.7%	21%	18.7%	18.8%
Return on equity %	—	10.3%	8.2%	14.4%	16.4%	15.4%	15.5%

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

Date	Category	Subject	Filing
1 Oct 2026, 6:33 pm	Company Update General	Intimation Under Regulation 30 Of SEBI LODR	PDF
1 Oct 2026, 6:13 pm	Company Update General	Intimation Under Regulation 30 Of SEBI LODR	PDF
30 Sept 2026, 9:49 pm	Company Update General	Intimation Under Regulation 30 Of SEBI LODR	PDF
29 Sept 2026, 4:17 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF
28 Sept 2026, 6:19 pm	Company Update General	Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015, Including Amendments Thereunder	PDF
28 Sept 2026, 6:09 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
28 Sept 2026, 9:32 am	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS	PDF
16 Sept 2026, 2:32 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-16	-1,041	-920	-469	-739	932
	-465	-3	-144	-109	-523	-321
	599	950	1,182	800	1,509	-589
Net cash flow	118	-93	117	223	248	23
Free cash flow	-122	-1,166	-1,082	-864	-1,047	592
CFO / Operating profit %	-4.2%	-252.5%	-125.4%	-45.6%	-62.1%	65.9%

Kirloskar Oil Engines Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

24

1

Announcements

24

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

B2B · revenue

Kirloskar Oil Engines Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Dividends24

Board meetings1

Announcements

Dividends24

Board meetings1

Ratio timeline

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

B2B · revenue

24

1

24

1