MarketFriction

Kirloskar Electric Company Ltd

NSE KECL · BSE 533193 · Other Electrical Equipment
₹120.43 -0.17%
NSE close2026-10-01
52 week range75.47 - 155.00
Market cap₹848 Cr.
P/E55.3
Price band 10% Delivery 44.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales145.18126.07168.53133.47161.47119.75129.13132.24142.11151.42163.57103.85
Expenses132.80120.37157.59124.61161.27114.01128.43125.36135.70135.61157.13104.22
Operating Profit12.385.7010.948.860.205.740.706.886.4115.816.44-0.37
OPM %8.53%4.52%6.49%6.64%0.12%4.79%0.54%5.20%4.51%10.44%3.94%-0.36%
Other Income1.003.492.280.9811.991.563.170.9611.09-4.410.810.68
Interest6.786.466.546.525.875.496.446.356.446.036.665.25
Depreciation1.281.221.261.321.231.241.101.071.081.061.131.01
Profit before tax5.321.515.422.005.090.57-3.670.429.984.31-0.54-5.95
Tax %0.00%0.00%0.00%3.50%0.00%0.00%4.90%0.00%0.00%4.87%16.67%0.67%
Net Profit5.321.515.421.935.090.57-3.850.429.984.10-0.63-5.99
EPS in Rs0.800.230.820.290.770.09-0.580.061.500.62-0.09-0.90
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales548572370295314278335474557544589561
Expenses552583409330315295350437521528554533
Operating Profit-4-11-39-36-0-17-163637163628
OPM %-0.7%-2.0%-10%-12%-0.1%-6%-4.7%8%7%2.9%6%5%
Other Income25177659581192281838
Interest494543494330312226242524
Depreciation121212978555544
Profit before tax-39-52-87-2845-48673114498
Tax %0%-0%0%0%0%0%0%0%0%6%3%
Net Profit-39-52-87-2845-48673114487
EPS in Rs-7.09-7.88-13.12-4.216.82-7.2410.154.682.120.561.261.13
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth1%16%8%3%
Compounded Profit Growth8%17%-29%299%
Stock Price CAGR7%48%5%6%
Return on Equity%2%5%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital535666666666666666666666
Reserves-222-2565-81-158-114-331025165965
Borrowings283332296309266188179142133126116100
Other Liabilities318310366320303347415397388433372402
Total Liabilities432441733614478487628616614641613634
Fixed Assets9892416405327322481442439438446437
CWIP200000011100
Investments111111222222
Other Assets331348316207149164145171172201165196
Total Assets432441733614478487628616614641613634
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-45-23312313430357373625
Cash from Investing Activity-21925626961032-2-117
Cash from Financing Activity108-40-27-66-107-34-109-33-31-35-40
Net Cash Flow-373-7-0-2-4129-24402
Free Cash Flow-43-24302759110317010343236
CFO/OP58%550%-283%-54%-6%-10,771%-167%-230%22%96%234%74%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11811291675363634242563952
Inventory Days848764707886757161464549
Days Payable171164170189200216252227187174171164
Cash Conversion Cycle3236-15-52-69-66-114-114-84-71-87-63
Working Capital Days-123-106-174-363-443-381-517-402-241-196-195-163
ROCE %-27%-10%-4%-14%-17%1%-13%-1%21%18%8%15%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters49.51%49.51%49.51%49.51%49.51%49.60%49.60%49.60%49.60%49.60%49.74%49.74%
FIIs3.83%3.83%3.85%4.17%4.03%4.33%3.97%3.85%4.02%3.86%4.02%4.06%
DIIs2.25%2.11%1.73%1.61%1.43%1.21%1.19%1.19%1.19%1.19%1.19%1.25%
Public44.41%44.54%44.90%44.71%45.03%44.87%45.24%45.36%45.20%45.34%45.05%44.94%
No. of Shareholders67,45472,76680,24883,87688,71288,48288,56587,96786,29386,08085,21782,178

Fundamentals

Market Cap₹ 848 Cr.
Current Price₹ 121
Stock P/E55.3
Book Value₹ 19.8
ROCE14.6 %
ROE6.78 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)299%
Consolidated figures.
Valuation
Market capRs 800 Cr
Enterprise valueRs 868 Cr
P/E (TTM)107.22x
Price to book6.07x
Price to sales1.43x
EV / EBITDA23.81x
EV / EBIT26.98x
EV / sales1.55x
Price to cash flow31.46x
Earnings yield0.93%
P/E, 3-year average114.36x
P/B, 3-year average6.45x
P/E, 5-year average72.05x
P/B, 5-year average5.32x
Profitability
Operating margin (excl. other income)6.03%
Operating margin (incl. other income)6.53%
EBITDA margin6.50%
Pre-tax margin1.39%
Net profit margin1.33%
Net margin, latest quarter-5.77%
ROE6.52%
ROCE14.43%
ROA1.34%
ROE, 3-year average8.76%
ROCE, 3-year average15.10%
ROA, 3-year average1.39%
ROE, 5-year average37.29%
ROCE, 5-year average23.01%
ROA, 5-year average4.02%
ROIC (approx.)15.52%
Tax rate3.45%
Other income / net worth2.25%
Growth
Sales growth (latest year)8.37%
Profit growth (latest year)124.66%
Sales CAGR, 3 years7.56%
Sales CAGR, 5 years16.25%
Profit CAGR, 3 years-35.39%
Sales growth QoQ-36.51%
Sales growth YoY (latest quarter)-21.47%
Profit growth YoY (latest quarter)-1526.19%
Per share
EPS (TTM)Rs 1.12
EPS (latest year)Rs 1.26
EPS (latest quarter)Rs -0.90
EPS, 3-year averageRs 1.31
EPS, 5-year averageRs 3.75
Book value per shareRs 19.85
Sales per shareRs 84.46
Cash flow per shareRs 3.83
Free cash flow per shareRs 5.42
Efficiency
Asset turnover0.93x
Fixed asset turnover1.35x
Inventory turnover7.89x
Inventory days46 days
Debtor days52 days
Debtors turnover7.05x
Creditor days164 days
Cash conversion cycle-63 days
Working capital days-163 days
Leverage
Total debtRs 100 Cr
Cash and bankRs 32 Cr
Net debtRs 68 Cr
Debt to equity0.76x
Net debt / EBITDA1.88x
Interest coverage1.32x
Current ratio (filing 2026-03-31)0.43x
Quick ratio (filing 2026-03-31)0.30x
Trade payables (filing 2026-03-31)Rs 184 Cr
Owners' fund to total sources20.78%
Debt to assets15.81%
Cash flow
Cash from Operating Activity (latest year)Rs 25 Cr
Cash from Investing Activity (latest year)Rs 17 Cr
Cash from Financing Activity (latest year)Rs -40 Cr
Net Cash Flow (latest year)Rs 2 Cr
Free cash flow (latest year)Rs 36 Cr
FCFE (approx.: FCF + change in debt)Rs 20 Cr
Cash from ops / profit, 5 years1.13x
Sales to cash flow23.18x
Statement figures
Net sales (TTM)Rs 561 Cr
Net sales (latest year)Rs 589 Cr
Sales (latest quarter)Rs 104 Cr
Operating profit excl. other income (latest year)Rs 36 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 8 Cr
EBITDA (TTM)Rs 36 Cr
PBDT (TTM)Rs 12 Cr
Profit before tax (TTM)Rs 8 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs -6 Cr
Depreciation (TTM)Rs 4 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 24 Cr
Cost of goods sold (latest year)Rs 434 Cr
Total expenditure (latest year)Rs 554 Cr
Total income (latest year)Rs 592 Cr
Share capitalRs 66 Cr
ReservesRs 65 Cr
Shareholders' fundsRs 132 Cr
Total assetsRs 634 Cr
Net blockRs 437 Cr
InvestmentsRs 2 Cr
ReceivablesRs 84 Cr
InventoryRs 55 Cr
Other liabilitiesRs 402 Cr
Shares outstanding (crore)6.64
Ownership
Promoter holding49.74% (+0.14 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 107.2 is at the 85th percentile of its own 5.4-year range (median 27.5, low 1.4, high 351.5).
P/B 6.07 is at the 51th percentile (median 5.99).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKECLNifty 50Difference
1 week-1.9%-2.8% +0.9 pts
1 month-4.7%-6.8% +2.1 pts
3 months+0.7%-7.6% +8.3 pts
6 months+47.2%+0.4% +46.8 pts
1 year+1.5%-9.9% +11.5 pts
2 years-39.1%-13.6% -25.6 pts
3 years+14.0%+14.2% -0.2 pts
5 years+608.4%+27.9% +580.5 pts

Red flags

F-score 8 of 8
explainReceivables outrunning sales Receivables grew 43% vs sales +8% in 2026
explainLow interest cover Interest cover 1.3x in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹104 Cr -21.5% vs Jun 2025. Net loss ₹6 Cr.
Against our estimate for Jun 2026: sales -37.9%, profit -336.6% big miss. Our estimate for Sep 2026: sales Rs 146 Cr, profit Rs 2 Cr (how).

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-09-09Annual General Meeting
2023-08-04Annual General Meeting
2022-08-04Annual General Meeting
2021-09-09 Annual General Meeting
2020-09-22 Annual General Meeting
2019-09-11 Annual General Meeting
2018-09-12 Annual General Meeting
2017-09-13 Annual General Meeting
2016-09-21 Annual General Meeting
2015-09-16 Annual General Meeting
2014-09-19Annual General Meeting
2013-09-19Annual General Meeting
2012-07-31Annual General Meeting
2011-07-25Annual General Meeting
2010-09-14Annual General Meeting
DateTypeWhat it says
2026-09-30General UpdatesAnnouncement under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2019-02-18NCLTPatil Electric Works Pvt..Ltd. . Vs Kirloskar Electric Co.Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Kirloskar Electric Company Ltd?

Kirloskar Electric Company Ltd (KECL) has a market capitalisation of Rs 848 Cr. at the 2026-10-01 close.

What is the P/E ratio of Kirloskar Electric Company Ltd?

Kirloskar Electric Company Ltd trades at a P/E of 55.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Kirloskar Electric Company Ltd's latest quarterly results?

In the Jun 2026 quarter, Kirloskar Electric Company Ltd sales was Rs 104 Cr (-21.5% vs Jun 2025) with a net loss of Rs 6 Cr.

What is the 52-week high and low of Kirloskar Electric Company Ltd?

The 52-week high is Rs 155.00 and the 52-week low is Rs 75.47.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03