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Swing Capital

Kirloskar Brothers Ltd

NSE: KIRLOSBROS BSE: 500241Energy

Kirloskar Brothers is a part of the Kirloskar Group engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. [1] [2]

₹1,605
52W: ₹1333 — ₹2476
PE 47.3 · Book ₹233 · +589% vs book
Market Cap₹12,745 Cr
Stock P/E47.3Price to Earnings
ROCE20.8%Return on Capital
ROE15.4%Return on Equity
Div. Yield0.44%Face Value ₹2

Strengths

  • +Company is almost debt free.
  • +Company has delivered good profit growth of 23.2% CAGR over last 5 years
  • +Company has been maintaining a healthy dividend payout of 21.4%
  • +Debtor days have improved from 49.0 to 38.4 days.

Weaknesses

  • −The company has delivered a poor sales growth of 9.46% over past five years.
  • −Working capital days have increased from 53.2 days to 86.9 days

Shareholding Pattern

Promoters65.95%
FIIs6.24%
DIIs10.38%
Public17.43%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.95%65.95%65.95%65.95%65.95%65.95%65.95%65.95%
FIIs5.03%5.12%▲0.15.61%▲0.56.1%▲0.56.27%▲0.26.01%▼0.36.05%▲0.06.24%▲0.2
DIIs9.88%10.11%▲0.210.22%▲0.19.61%▼0.69.79%▲0.29.9%▲0.110.32%▲0.410.38%▲0.1
Public19.13%18.81%▼0.318.2%▼0.618.35%▲0.218.01%▼0.318.13%▲0.117.67%▼0.517.43%▼0.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales644900665690660885621651648909
Expenses572736603602591747554595532759
Operating Profit721636288701396755116150
OPM %11%18%9%13%11%16%11%9%18%17%
Net Profit4612941635810047386787
EPS ₹5.7416.255.157.937.3312.595.924.738.4510.98

AI Insights

Revenue Trend

Mar 2026 revenue at ₹2,828Cr, down 2.5% YoY. OPM at 14%.

Debt Position

Borrowings at ₹34Cr. Debt-to-equity ratio: 0.02x. Healthy balance sheet.

Capex Cycle

CWIP at ₹37Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 10.38% (+1.40pp change). FIIs: 6.24% (+4.46pp change). Promoters hold 65.95%.

Margin & Efficiency

ROCE improving from 5% (Mar 2015) to 21% (Mar 2026). Working capital days: 87.

Valuation

PE 47.3x with 20.8% ROCE. Price is 589% above book value of ₹233. Dividend yield: 0.44%.

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