KIRLOSENG

Kirloskar Oil Engines Limited

Engines and pumps — diesel and gas gensets, industrial engines, agricultural pumps

Industrials›Capital Goods›Industrial Products›Compressors, Pumps & Diesel Engines

kirloskaroilengines.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹2025.60
Market cap
29,455 Cr
Stock P/E
54.6
P/B
8.24
Dividend yield
0.3%
ROE (FY26)
15.7%
ROCE (FY26)
14.4%
Operating margin (FY26)
16.1%
Debt / equity (FY26)
1.49
OCF / EBITDA (FY26)
65.9%
OCF / EBITDA (3Y)
-7.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Kirloskar Oil Engines (KOEL) makes engines and generator sets (gensets) for power generation and for industrial uses such as railways and marine, and also sells pumps, aftermarket services and financial services through its subsidiaries.

Company snapshot

2ndBy market cap

Ranked among 14 companies in Compressors, Pumps & Diesel Engines.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 70.1% of revenue

SegmentRevenue shareRevenuePBTAssets
B2B
70.1%
1,018 Cr91 Cr2,120 Cr
B2C
15.4%
224 Cr-21 Cr679 Cr
Financial services
14.6%
212 Cr29 Cr6,590 Cr

What we see

Concerns
  • ✗Over the last three years operations used more cash than they brought in, despite an operating profit — the business is not yet turning its profit into cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,305 Cr1,390 Cr1,660 Cr1,636 Cr1,500 Cr1,454 Cr1,753 Cr1,764 Cr1,948 Cr1,873 Cr2,116 Cr2,000 Cr
Operating expenses (approx.)1,103 Cr1,133 Cr1,357 Cr1,313 Cr1,207 Cr1,199 Cr1,440 Cr1,437 Cr1,567 Cr1,541 Cr1,741 Cr1,699 Cr
EBITDA202 Cr257 Cr303 Cr323 Cr293 Cr255 Cr313 Cr327 Cr382 Cr331 Cr376 Cr300 Cr
OPM %15.5%18.5%18.2%19.7%19.5%17.5%17.9%18.5%19.6%17.7%17.7%15.0%
Other income8 Cr8 Cr7 Cr12 Cr16 Cr11 Cr15 Cr35 Cr13 Cr10 Cr13 Cr15 Cr
Interest74 Cr81 Cr96 Cr101 Cr118 Cr133 Cr131 Cr139 Cr136 Cr128 Cr120 Cr116 Cr
Depreciation30 Cr31 Cr31 Cr30 Cr33 Cr37 Cr39 Cr40 Cr42 Cr43 Cr49 Cr49 Cr
Profit before tax105 Cr122 Cr198 Cr211 Cr166 Cr95 Cr179 Cr187 Cr216 Cr148 Cr210 Cr151 Cr
Tax %26.0%26.5%26.0%26.0%24.9%28.3%29.4%25.7%26.4%26.1%26.1%26.5%
Net profit78 Cr89 Cr147 Cr156 Cr125 Cr68 Cr127 Cr139 Cr159 Cr109 Cr155 Cr111 Cr
EPS (₹)₹5.38₹6.20₹10.25₹10.99₹8.79₹4.91₹9.03₹9.77₹11.18₹7.66₹10.91₹7.82

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,878 Cr3,111 Cr3,628 Cr3,379 Cr3,296 Cr4,022 Cr5,024 Cr5,898 Cr6,349 Cr7,701 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,596 Cr2,847 Cr3,253 Cr3,092 Cr2,910 Cr3,610 Cr4,290 Cr4,871 Cr5,158 Cr6,286 CrSign in free for the trailing twelve months
EBITDA282 Cr264 Cr375 Cr287 Cr386 Cr412 Cr734 Cr1,028 Cr1,191 Cr1,415 CrSign in free for the trailing twelve months
OPM %9.8%8.5%10.3%8.5%11.7%10.2%14.6%17.4%18.8%18.4%Sign in free for the trailing twelve months
Other income84 Cr72 Cr65 Cr43 Cr26 Cr27 Cr28 Cr29 Cr47 Cr70 CrSign in free for the trailing twelve months
Interest3 Cr12 Cr15 Cr14 Cr50 Cr106 Cr210 Cr328 Cr483 Cr523 CrSign in free for the trailing twelve months
Depreciation111 Cr112 Cr94 Cr87 Cr84 Cr101 Cr105 Cr119 Cr140 Cr174 CrSign in free for the trailing twelve months
Profit before tax253 Cr213 Cr331 Cr245 Cr270 Cr232 Cr449 Cr595 Cr652 Cr761 CrSign in free for the trailing twelve months
Tax %31.2%32.8%33.7%23.2%26.8%26.3%26.1%26.1%27.0%26.1%Sign in free for the trailing twelve months
Net profit174 Cr143 Cr220 Cr188 Cr197 Cr171 Cr332 Cr440 Cr476 Cr562 CrSign in free for the trailing twelve months
EPS (₹)₹12.02₹10.00₹15.16₹12.81₹13.48₹12.07₹22.98₹30.50₹33.71₹39.53Sign in free for the trailing twelve months
Dividend payout %————11.0%33.9%21.8%16.5%18.3%16.8%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr29 Cr
Reserves1,588 Cr1,541 Cr1,670 Cr1,716 Cr1,893 Cr2,053 Cr2,275 Cr2,647 Cr3,057 Cr3,591 Cr
Borrowings12 Cr139 Cr81 Cr149 Cr687 Cr1,965 Cr3,244 Cr4,142 Cr5,819 Cr5,314 Cr
Other liabilities529 Cr763 Cr825 Cr867 Cr1,192 Cr984 Cr1,177 Cr1,476 Cr1,605 Cr1,964 Cr
Total liabilities2,159 Cr2,472 Cr2,605 Cr2,762 Cr3,801 Cr5,030 Cr6,725 Cr8,278 Cr10,480 Cr10,852 Cr
Fixed assets (net)385 Cr407 Cr400 Cr377 Cr412 Cr442 Cr442 Cr485 Cr852 Cr1,016 Cr
CWIP9 Cr18 Cr18 Cr30 Cr32 Cr24 Cr18 Cr252 Cr71 Cr61 Cr
Investments988 Cr675 Cr711 Cr433 Cr834 Cr738 Cr658 Cr489 Cr601 Cr440 Cr
Loans & advances——0.19 Cr0.26 Cr0.11 Cr0.16 Cr0.13 Cr0.03 Cr1,452 Cr1,978 Cr
Inventories226 Cr345 Cr310 Cr406 Cr379 Cr388 Cr545 Cr644 Cr591 Cr744 Cr
Trade receivables201 Cr402 Cr407 Cr593 Cr730 Cr1,425 Cr1,896 Cr1,987 Cr696 Cr953 Cr
Cash & bank13 Cr61 Cr62 Cr128 Cr246 Cr153 Cr270 Cr493 Cr741 Cr764 Cr
Other assets336 Cr565 Cr698 Cr794 Cr1,168 Cr1,860 Cr2,896 Cr3,929 Cr5,476 Cr4,897 Cr
Total assets2,159 Cr2,472 Cr2,605 Cr2,762 Cr3,801 Cr5,030 Cr6,725 Cr8,278 Cr10,480 Cr10,852 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity171 Cr136 Cr211 Cr-124 Cr-16 Cr-1,041 Cr-920 Cr-469 Cr-739 Cr932 Cr
Cash from investing-190 Cr7 Cr-56 Cr233 Cr-465 Cr-3 Cr-144 Cr-109 Cr-523 Cr-321 Cr
Cash from financing2 Cr-96 Cr-154 Cr-43 Cr599 Cr950 Cr1,182 Cr800 Cr1,509 Cr-589 Cr
Net cash flow-16 Cr48 Cr1 Cr67 Cr118 Cr-93 Cr117 Cr223 Cr248 Cr23 Cr
Free cash flow (OCF − Capex)113 Cr25 Cr130 Cr-207 Cr-122 Cr-1,166 Cr-1,082 Cr-864 Cr-1,047 Cr592 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.7%13.1%19.4%13.7%12.3%8.4%11.9%13.6%12.8%14.4%
ROE %10.8%9.1%12.9%10.6%10.1%8.4%14.4%16.6%16.0%15.7%
Debtor days25474164811291371234045
Inventory days61806794967585867778
Days payable9611395961511111051069299
Cash conversion cycle-914136226931171032524
OCF / EBITDA %60.7%51.7%56.3%-43.2%-4.2%-252.5%-125.4%-45.6%-62.0%65.9%
OCF / EBITDA % (3 years)——56.3%24.1%6.8%-108.8%-129.1%-111.8%-72.1%-7.6%
Debt / equity0.00770.090.050.090.360.941.411.561.901.49
Current ratio3.362.152.422.251.831.541.341.041.271.39
Net debt / EBITDA-0.0018—0.050.071.144.404.053.554.263.21