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Kirloskar Oil Engines Q1 FY27 Share Price & Earnings Call Analysis

₹1,796.10-4.98% today
Market cap
₹26,140 Cr
P/E
45.87
ROE
17.51%
PEG
2.08
Price to sales
3.30
Debt to equity
1.48
52W high / low
₹2,564 / ₹945
Sales growth (5Y)
18.50%
EBITDA margin
17.51%
Net profit margin
7.47%
Promoter holding
41.06%
Sales (last year)
₹7,937 Cr

KOEL, one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol and kerosene-based pump sets. It has manufacturing units in Pune, Kagal, and Nashik. The company caters to the agriculture, power generation, and industrial sectors.[1]

Guidance scorecard · Q1 FY27 call

What Kirloskar Oil Engines Ltd's management guided
and where it ranks in Industrial Products

#88of 100 in
Industrial Products
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • KOEL aims to be a $2 billion (approx. INR16,600 crores) revenue enterprise by FY30, doubling current turnover.
  • The company aspires to sustain double-digit growth across all business segments, both domestic and international.
  • Strong domestic execution, including industrial, powergen, distribution, aftermarket, and high horsepower (HHP) engines, supports growth.
  • New growth engines include data center power solutions, gas-based systems, defense, advanced combustion, and high horsepower engines.
  • The data center segment is viewed as a key structural opportunity with expanding product suites like Optiprime.
  • The company is gaining market share particularly below 750 kVA and gradually above 750 kVA.

2 more points from Kirloskar Oil Engines Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Kirloskar Oil Engines Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Kirloskar Oil Engines Limited continues to invest in capability addition and supporting future growth programs, especially in international high horsepower and aftermarket businesses to improve fixed cost absorption and productivity.
  • The company is building next-generation growth platforms, including modular Optiprime power systems for AI data centers, gas-based distributed power, defense, high horsepower engines, and advanced industrial applications.
  • Investment in the new energy vertical includes development of diverse fuel power systems such as ethanol, methanol, isobutanol, natural gas, and hydrogen.
  • A dedicated subsidiary, Kirloskar Advanced Systems Limited, has been established for the defense business, emphasizing indigenous R&D and intellectual property.

2 more points from Kirloskar Oil Engines Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Kirloskar Oil Engines Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • The company secured a significant hyperscale data center order of approximately 192 megawatts, strategically important as a reference point to establish KOEL in the high horsepower segment for hyperscalers, co-location players, and EPC partners.
  • The data center contract is composite, including genset supply (with revenue recognition expected in the current financial year) and an O&M contract extending 5 to 6 years.
  • KOEL continues to engage with multiple data center customers, with ongoing conversations and queries indicating a strong pipeline, although specifics of further orders are proprietary.

2 more points from Kirloskar Oil Engines Ltd's call on the order book

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Full Q1 FY27 analysis
Full Industrial Products ranking

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 Industrial Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Kirloskar Oil Engines Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Industrial Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of Kirloskar Oil Engines Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Kirloskar Oil Engines Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +1,3841,5431,3051,3911,6601,6321,5051,4541,7491,7641,9481,8732,116
Expenses +1,1961,2771,1031,1331,3571,3071,2071,1991,4371,4371,5671,5411,741
Operating Profit188266201258303325298255312327382331376
OPM %14%17%15%19%18%20%20%18%18%19%20%18%18%
Other Income +1178-2423181911363913-134
Interest6476748297101118133131139136128120
Depreciation26273031313033373940424349
Profit before tax10917010512219821116695179187216148210
Tax %27%26%26%26%26%26%25%28%29%26%26%26%26%
Net Profit +79126788914715612568127139159109155
EPS in Rs5.458.675.386.2010.2510.988.794.919.039.7711.187.6610.91

Financials of Kirloskar Oil Engines Ltd

Profit & Loss

Annual income statement trend

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2,4642,6743,0553,6263,3793,2964,0225,0205,8986,3497,701
Expenses +2,1872,3902,7903,2513,0852,9093,6104,2864,8715,1646,286
Operating Profit2772832653762953874127341,0271,1851,415
OPM %11%11%9%10%9%12%10%15%17%19%18%
Other Income +4983726352172729169042
Interest9312131450106210329483523
Depreciation111111123948784101105119140174
Profit before tax205253203331245270232449595652761
Tax %19%31%33%34%23%27%26%26%26%27%26%
Net Profit +165174136220188197171332440476562
EPS in Rs11.4412.029.6615.1612.8113.4812.0722.9630.4833.6939.51
Dividend Payout %44%42%52%33%31%30%33%22%20%19%11%

Financials of Kirloskar Oil Engines Ltd

Balance Sheet

Capital structure and asset base

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital2929292929292929292929
Reserves1,4151,5881,5471,6701,7161,8932,0532,2752,6473,0573,591
Borrowings +712142901898491,9653,2444,1425,8195,374
Other Liabilities +5195417838078251,0269751,1691,4501,5711,858
Total Liabilities1,9702,1702,5002,5952,7593,7975,0216,7178,26810,47610,852
Fixed Assets +4754407026636236987216897691,1831,415
CWIP29153041785543692939861
Investments791988675711433834738658489601440
Other Assets +6747271,0931,1801,6262,2103,5195,3026,7188,5958,937
Total Assets1,9702,1702,5002,5952,7593,7975,0216,7178,26810,47610,852

Financials of Kirloskar Oil Engines Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +99171136192-124-16-1,041-920-469-739932
Cash from Investing Activity +82-1907-38233-465-3-145-109-522-321
Cash from Financing Activity +-1762-96-153-435999501,1828001,509-589
Net Cash Flow6-1648167118-9311722324823
Free Cash Flow2211426139-206-120-1,165-1,081-846-996595
CFO/OP52%71%83%83%-16%8%-233%-109%-31%-49%79%

Financials of Kirloskar Oil Engines Ltd

Ratios

Working capital efficiency and return ratios

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2327484145494338384045
Inventory Days4949644969685464676061
Days Payable82779169701068079837278
Cash Conversion Cycle-10-0212143101723222828
Working Capital Days720171347-0134-49-3313
ROCE %13%10%17%12%13%10%13%15%14%15%

Guidance history

How Kirloskar Oil Engines Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%Planned——
Q4 FY26 call →20–40%FlatPlanned——
Q3 FY26 call →20–40%Up 0–2%Planned——
Q2 FY26 call →20–40%Up 0–2%———

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

34out of 100

Momentum score · price trend

34 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+76.7%91%
Last 6 months+5.8%64%
Last 3 months−18.0%26%

The price is 29.9% below its all-time high of ₹2,563.6 (24 Jun 2026). Stocks more than 20% below their peak have their score halved, so 67 became 34.

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 Oil Engines Ltd: 0.4 × 91 + 0.4 × 64 + 0.2 × 26 = 67, halved to 34 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 Oil Engines Ltd's management said in earlier quarters

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