Kirloskar Electric Company Q1 FY25 Share Price & Earnings Call Analysis
- Market cap
- ₹725 Cr
- P/E
- 47.29
- ROE
- 6.78%
- PEG
- -1.62
- Price to sales
- 1.28
- Debt to equity
- 0.76
- 52W high / low
- ₹150 / ₹77.3
- Sales growth (5Y)
- 16.25%
- EBITDA margin
- 5.04%
- Net profit margin
- 1.48%
- Promoter holding
- 52.24%
- Sales (last year)
- ₹561 Cr
Kirloskar Electric Company Ltd (KECL), incorporated in 1946, manufactures motors, generators/alternators, transformers, switch gear, traction equipment, drives/electronics, DG sets and engineered electrical systems.[1]
Guidance scorecard · Q1 FY25 call
What Kirloskar Electric Company Ltd's management guided
and where it ranks in Electrical Equipment
RevenueQ1 FY25 call
20–40%- The company targets a strong growth trajectory over the next 2-3 years, aiming for a 20-25% increase in sales/revenue this year, possibly higher.
- Focus on electric vehicle (EV) motor business, currently ₹30-40 crores, with plans to grow significantly.
- Emphasis on new technologies such as permanent magnet motors in the EV segment, targeting partnerships with vehicle manufacturers to capture a larger market share.
- Growth expected from sectors like steel, sugar, power generation, cement, oil & gas, petroleum, infrastructure, and road building, supported by government CAPEX.
- Expansion of export markets and product portfolio including transformers (various voltages), motors, and generators.
2 more points from Kirloskar Electric Company Ltd's call on revenue
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MarginsQ1 FY25 call
FlatSee what Kirloskar Electric Company Ltd said on margins — free account, 30 seconds.
CapexQ1 FY25 call
Planned- There is an emphasis on enhancing capacity utilization across all plants.
- New product development initiatives in the last two years include permanent magnet motors targeting EV segments and drive train solutions.
- The company is exploring monetization of non-core assets, including a 31-acre land parcel, to strengthen the balance sheet.
- Cost optimization initiatives are underway as a pillar for growth, aiming for improved operating margins.
2 more points from Kirloskar Electric Company Ltd's call on capex
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FundraisingQ1 FY25 call
See what Kirloskar Electric Company Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY25 call
Rising- The company has a strong and robust order book across all products and sectors, indicating continuous growth opportunities.
- There are repeat orders coming in, showing steady demand for both standard and specialized products.
- The management highlighted the order book visibility.
2 more points from Kirloskar Electric Company Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Electrical Equipment
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Electrical Equipment companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹72,673 Cr | 18.1 | |
| 2 | 40%+ | Up 2%+ | ₹21,700 Cr | 158.1 | |
| 3 | 40%+ | Up 2%+ | ₹491 Cr | 12.2 | |
| 4 | 40%+ | Up 0–2% | ₹12,434 Cr | 48.4 | |
| 5 | 40%+ | Up 0–2% | ₹2,042 Cr | 35.4 | |
| 6 | 40%+ | Up 0–2% | ₹529 Cr | 7.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Electrical Equipment rankingFinancials of Kirloskar Electric Company Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kirloskar Electric Company Ltd
Shareholding breakup across reporting periods.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 49.51% | 49.51% | 49.51% | 49.51% | 49.60% | 49.60% | 49.60% | 49.60% | 49.60% | 49.74% | 49.74% | 52.24% |
| FIIs + | 3.83% | 3.85% | 4.17% | 4.03% | 4.33% | 3.97% | 3.85% | 4.02% | 3.86% | 4.02% | 4.06% | 4.09% |
| DIIs + | 2.11% | 1.73% | 1.61% | 1.43% | 1.21% | 1.19% | 1.19% | 1.19% | 1.19% | 1.19% | 1.25% | 1.55% |
| Public + | 44.54% | 44.90% | 44.71% | 45.03% | 44.87% | 45.24% | 45.36% | 45.20% | 45.34% | 45.05% | 44.94% | 42.13% |
| No. of Shareholders | 72,766 | 80,248 | 83,876 | 88,712 | 88,482 | 88,565 | 87,967 | 86,293 | 86,080 | 85,217 | 82,178 | 79,763 |
Financials of Kirloskar Electric Company Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 117.57 | 145.18 | 126.07 | 168.53 | 133.47 | 161.47 | 119.75 | 129.13 | 132.24 | 142.11 | 151.42 | 163.57 | 103.85 |
| Expenses + | 109.83 | 132.80 | 120.37 | 157.59 | 124.61 | 161.27 | 114.01 | 128.43 | 125.36 | 135.70 | 135.61 | 157.13 | 104.22 |
| Operating Profit | 7.74 | 12.38 | 5.70 | 10.94 | 8.86 | 0.20 | 5.74 | 0.70 | 6.88 | 6.41 | 15.81 | 6.44 | -0.37 |
| OPM % | 6.58% | 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 Income + | 1.22 | 1.00 | 3.49 | 2.28 | 0.98 | 11.99 | 1.56 | 3.17 | 0.96 | 11.09 | -4.41 | 0.81 | 0.68 |
| Interest | 5.87 | 6.78 | 6.46 | 6.54 | 6.52 | 5.87 | 5.49 | 6.44 | 6.35 | 6.44 | 6.03 | 6.66 | 5.25 |
| Depreciation | 1.26 | 1.28 | 1.22 | 1.26 | 1.32 | 1.23 | 1.24 | 1.10 | 1.07 | 1.08 | 1.06 | 1.13 | 1.01 |
| Profit before tax | 1.83 | 5.32 | 1.51 | 5.42 | 2.00 | 5.09 | 0.57 | -3.67 | 0.42 | 9.98 | 4.31 | -0.54 | -5.95 |
| Tax % | 0.00% | 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 Profit + | 1.83 | 5.32 | 1.51 | 5.42 | 1.93 | 5.09 | 0.57 | -3.85 | 0.42 | 9.98 | 4.10 | -0.63 | -5.99 |
| EPS in Rs | 0.28 | 0.80 | 0.23 | 0.82 | 0.29 | 0.77 | 0.09 | -0.58 | 0.06 | 1.50 | 0.62 | -0.09 | -0.90 |
Financials of Kirloskar Electric Company Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 510 | 548 | 572 | 370 | 295 | 314 | 278 | 335 | 474 | 557 | 544 | 589 | 561 |
| Expenses + | 588 | 552 | 583 | 409 | 330 | 315 | 295 | 350 | 437 | 521 | 528 | 554 | 533 |
| Operating Profit | -77 | -4 | -11 | -39 | -36 | -0 | -17 | -16 | 36 | 37 | 16 | 36 | 28 |
| OPM % | -15% | -0.7% | -2.0% | -10% | -12% | -0.1% | -6% | -4.7% | 8% | 7% | 2.9% | 6% | 5% |
| Other Income + | -105 | 25 | 17 | 7 | 65 | 95 | 8 | 119 | 22 | 8 | 18 | 3 | 8 |
| Interest | 45 | 49 | 45 | 43 | 49 | 43 | 30 | 31 | 22 | 26 | 24 | 25 | 24 |
| Depreciation | 12 | 12 | 12 | 12 | 9 | 7 | 8 | 5 | 5 | 5 | 5 | 4 | 4 |
| Profit before tax | -240 | -39 | -52 | -87 | -28 | 45 | -48 | 67 | 31 | 14 | 4 | 9 | 8 |
| Tax % | 0% | 0% | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 6% | 3% | |
| Net Profit + | -240 | -39 | -52 | -87 | -28 | 45 | -48 | 67 | 31 | 14 | 4 | 8 | 7 |
| EPS in Rs | -45.19 | -7.09 | -7.88 | -13.12 | -4.21 | 6.82 | -7.24 | 10.15 | 4.68 | 2.12 | 0.56 | 1.26 | 1.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kirloskar Electric Company Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 56 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 | 66 |
| Reserves | -222 | -256 | 5 | -81 | -158 | -114 | -33 | 10 | 25 | 16 | 59 | 65 |
| Borrowings + | 283 | 332 | 296 | 309 | 266 | 188 | 179 | 142 | 133 | 126 | 116 | 100 |
| Other Liabilities + | 318 | 310 | 366 | 320 | 303 | 347 | 415 | 397 | 388 | 433 | 372 | 402 |
| Total Liabilities | 432 | 441 | 733 | 614 | 478 | 487 | 628 | 616 | 614 | 641 | 613 | 634 |
| Fixed Assets + | 98 | 92 | 416 | 405 | 327 | 322 | 481 | 442 | 439 | 438 | 446 | 437 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 |
| Investments | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 |
| Other Assets + | 331 | 348 | 316 | 207 | 149 | 164 | 145 | 171 | 172 | 201 | 165 | 196 |
| Total Assets | 432 | 441 | 733 | 614 | 478 | 487 | 628 | 616 | 614 | 641 | 613 | 634 |
Financials of Kirloskar Electric Company Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -45 | -23 | 31 | 23 | 1 | 34 | 30 | 35 | 7 | 37 | 36 | 25 |
| Cash from Investing Activity + | -2 | 19 | 2 | 5 | 62 | 69 | 6 | 103 | 2 | -2 | -1 | 17 |
| Cash from Financing Activity + | 10 | 8 | -40 | -27 | -66 | -107 | -34 | -109 | -33 | -31 | -35 | -40 |
| Net Cash Flow | -37 | 3 | -7 | -0 | -2 | -4 | 1 | 29 | -24 | 4 | 0 | 2 |
| Free Cash Flow | -43 | -24 | 30 | 27 | 59 | 110 | 31 | 70 | 10 | 34 | 32 | 36 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 58% | 550% | -283% | -54% | -6% | -10,771% | -167% | -230% | 22% | 96% | 234% | 74% |
Financials of Kirloskar Electric Company Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 118 | 112 | 91 | 67 | 53 | 63 | 63 | 42 | 42 | 56 | 39 | 52 |
| Inventory Days | 84 | 87 | 64 | 70 | 78 | 86 | 75 | 71 | 61 | 46 | 45 | 49 |
| Days Payable | 171 | 164 | 170 | 189 | 200 | 216 | 252 | 227 | 187 | 174 | 171 | 164 |
| Cash Conversion Cycle | 32 | 36 | -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% |
Momentum score · price trend
15 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −12.9% | 47% |
| Last 6 months | −19.0% | 23% |
| Last 3 months | −24.9% | 12% |
The price is 72.8% below its all-time high of ₹380 (7 Dec 2007). Stocks more than 20% below their peak have their score halved, so 30 became 15.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Kirloskar Electric Company Ltd: 0.4 × 47 + 0.4 × 23 + 0.2 × 12 = 30, halved to 15 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Kirloskar Electric Company Ltd's management said in earlier quarters
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