Kirloskar Electric Company Ltd
NSE: KECL BSE: 533193
Incorporated in 1946, Kirloskar Electric Company Ltd manufactures and sells electric motors, alternators, generators, transformers, switchgear, DG sets, etc.[1]
₹110
52W: ₹74.9 — ₹152
PE 28.2 · Book ₹23.8 · +362% vs bookMarket Cap₹731 Cr
Stock P/E28.2Price to Earnings
ROCE12.7%Return on Capital
ROE5.77%Return on Equity
Div. Yield0%Face Value ₹10
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Tax rate seems low
- −Company has a low return on equity of 13.4% over last 3 years.
- −Promoters have pledged 75.3% of their holding.
- −Company's cost of borrowing seems high
Shareholding Pattern
Promoters49.74%
FIIs4.02%
DIIs1.19%
Public45.05%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 49.51% | 49.51% | 49.6%▲0.1 | 49.6% | 49.6% | 49.6% | 49.6% | 49.74%▲0.1 |
| FIIs | 4.17% | 4.03%▼0.1 | 4.33%▲0.3 | 3.97%▼0.4 | 3.85%▼0.1 | 4.02%▲0.2 | 3.86%▼0.2 | 4.02%▲0.2 |
| DIIs | 1.61% | 1.43%▼0.2 | 1.21%▼0.2 | 1.19%▼0.0 | 1.19% | 1.19% | 1.19% | 1.19% |
| Public | 44.71% | 45.03%▲0.3 | 44.87%▼0.2 | 45.24%▲0.4 | 45.36%▲0.1 | 45.2%▼0.2 | 45.34%▲0.1 | 45.05%▼0.3 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 145.18 | 126.07 | 168.53 | 133.47 | 161.47 | 119.75 | 129.13 | 132.24 | 142.11 | 151.42 |
| Expenses | 132.74 | 120.5 | 157.5 | 124.57 | 161.41 | 111.76 | 117.44 | 125.37 | 135.67 | 135.61 |
| Operating Profit | 12.44 | 5.57 | 11.03 | 8.9 | 0.06 | 7.99 | 11.69 | 6.87 | 6.44 | 15.81 |
| OPM % | 8.57% | 4.42% | 6.54% | 6.67% | 0.04% | 6.67% | 9.05% | 5.2% | 4.53% | 10.44% |
| Net Profit | 5.66 | 1.67 | 5.74 | 2.27 | 5.23 | 3.1 | 6.65 | 0.69 | 6.3 | 4.4 |
| EPS ₹ | 0.85 | 0.25 | 0.86 | 0.34 | 0.79 | 0.47 | 1 | 0.1 | 0.95 | 0.66 |
AI Insights
Revenue Trend
TTM revenue at ₹555Cr, up 2% YoY. OPM at 7%.
Debt Position
Borrowings at ₹96Cr. Debt-to-equity ratio: 1.04x. High leverage — monitor closely.
Capex Cycle
CWIP at ₹3Cr (1% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 1.19% (-0.36pp change). FIIs: 4.02% (-0.14pp change). Promoters hold 49.74%.
Margin & Efficiency
ROCE improving from -3% (Mar 2014) to 13% (Mar 2025). Working capital days: -176.
Valuation
PE 28.2x with 12.7% ROCE. Price is 362% above book value of ₹23.8. Dividend yield: 0%.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 1d - Submitted Annual Secretarial Compliance Report for FY2025-26; no deviations or non-compliances observed.
- Intimation Of Merger Order Received By The Company. 2d - NCLT sanctioned merger of four wholly owned subsidiaries into Kirloskar Electric; order dated April 30, 2026 received May 15, 2026.
- Please Find Enclosed, Clarification On Significant Increase In Price Of Company''s Security. 17 Apr - Company said no material pending disclosure; price movement is market driven.
- Clarification sought from Kirloskar Electric Company Ltd 16 Apr - Exchange has sought clarification from Kirloskar Electric Company Ltd on April 16, 2026 with reference to significant movement in price, in order to ensure that …
- Clarification On Significant Increase In Volume Of Company''s Security. 15 Apr - Company clarifies no pending material disclosure; share volume movement is market driven.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse