Kirloskar Pneumatic Company Q2 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹6,992 Cr
- P/E
- 25.59
- ROE
- 22.73%
- PEG
- 0.71
- Price to sales
- 3.92
- Debt to equity
- 0.00
- 52W high / low
- ₹2,092 / ₹536
- Sales growth (5Y)
- 16.40%
- EBITDA margin
- 20.77%
- Net profit margin
- 15.16%
- Promoter holding
- 38.80%
- Sales (last year)
- ₹1,788 Cr
Guidance scorecard · Q2 FY27 call
What Kirloskar Pneumatic Company Ltd's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- Precision Engineering Division (PED) expected to see dispatch pick-up from Q2 FY27, contributing about 15% of order book to be executed within a year.
- Service income projected to grow 25-30%, driven by O&M contracts and increasing package dispatches.
- Process Gas segment outlook positive with high inquiry levels, expected growth supported by gasification trends and biogas adoption.
- Gas packages demand rising domestically; large package orders expected to execute mainly in FY28 and beyond, especially in upstream and midstream sectors.
- Zephyros air conditioning product capex of INR 320 crores planned with revenue ramp-up starting Q2 FY27; substantial revenue growth expected from FY28 onwards.
- Refrigeration compressors anticipated to grow, driven by cold storage, dairies, fisheries, and food processing sectors.
2 more points from Kirloskar Pneumatic Company Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Kirloskar Pneumatic Company Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Planned capex of INR 100 crores for FY27.
- Additional capex of INR 320 crores committed for the Zephyros project, to be spent across FY27 and FY28.
- Zephyros involves installing multiple packages at Saswad and Hadapsar factories; the third package installation is ongoing.
- The Zephyros project aims for revenue ramp-up starting from Q2 FY27, with significant growth expected in FY28.
2 more points from Kirloskar Pneumatic Company Ltd's call on capex
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FundraisingQ1 FY27 call
See what Kirloskar Pneumatic Company Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Rising- The total order book from the Precision Engineering Division (PED) is approximately 15% of the overall order book.
- The PED orders are expected to be executed within a year.
- The package business had some order booking delays due to geopolitical challenges but several large package orders were booked by the end of the previous year, expected for execution starting next year.
- Domestic process gas business inquiry levels are high, with current large inquiries slated for execution in FY28 and beyond.
- There is strong order booking in the air compressor division, especially for Tezcatlipoca centrifugal machines.
2 more points from Kirloskar Pneumatic 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 Industrial Products
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
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of Kirloskar Pneumatic Company Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Kirloskar Pneumatic 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 + | 38.93% | 38.93% | 38.90% | 38.89% | 38.87% | 38.85% | 38.84% | 38.84% | 38.82% | 38.81% | 38.81% | 38.80% |
| FIIs + | 1.28% | 1.70% | 3.93% | 5.52% | 8.02% | 7.73% | 7.12% | 6.81% | 6.73% | 9.56% | 10.39% | 10.01% |
| DIIs + | 32.30% | 32.15% | 31.52% | 31.88% | 28.91% | 29.13% | 28.20% | 28.24% | 28.24% | 26.53% | 25.97% | 25.31% |
| Government + | 0.00% | 0.02% | 0.06% | 0.06% | 0.06% | 0.07% | 0.07% | 0.07% | 0.06% | 0.03% | 0.00% | 0.00% |
| Public + | 27.50% | 27.21% | 25.59% | 23.67% | 24.14% | 24.21% | 25.79% | 26.05% | 26.15% | 25.08% | 24.81% | 25.89% |
| No. of Shareholders | 27,794 | 29,075 | 34,675 | 34,294 | 48,946 | 48,538 | 65,393 | 70,990 | 65,430 | 61,484 | 64,033 | 66,808 |
Financials of Kirloskar Pneumatic Company Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 282 | 309 | 490 | 275 | 431 | 340 | 583 | 272 | 378 | 404 | 706 | 300 | 320 |
| Expenses + | 250 | 256 | 398 | 236 | 337 | 292 | 473 | 236 | 320 | 323 | 520 | 254 | 279 |
| Operating Profit | 32 | 53 | 92 | 39 | 94 | 48 | 110 | 36 | 58 | 81 | 186 | 46 | 41 |
| OPM % | 11% | 17% | 19% | 14% | 22% | 14% | 19% | 13% | 15% | 20% | 26% | 15% | 13% |
| Other Income + | 4 | 4 | -2 | 4 | 6 | 6 | 2 | 8 | 7 | -12 | 10 | 8 | 19 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 9 | 9 | 8 | 8 | 8 | 6 | 7 | 7 | 8 | 8 | 8 | 9 | 9 |
| Profit before tax | 27 | 47 | 81 | 36 | 92 | 48 | 105 | 37 | 57 | 60 | 188 | 46 | 51 |
| Tax % | 25% | 25% | 25% | 25% | 27% | 25% | 23% | 24% | 24% | 29% | 23% | 25% | 21% |
| Net Profit + | 20 | 35 | 60 | 27 | 68 | 36 | 81 | 28 | 43 | 43 | 144 | 34 | 40 |
| EPS in Rs | 1.56 | 2.70 | 4.65 | 2.08 | 5.21 | 2.78 | 6.21 | 2.16 | 3.33 | 3.32 | 11.09 | 2.63 | 3.06 |
Financials of Kirloskar Pneumatic 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 + | 441 | 509 | 514 | 600 | 710 | 829 | 823 | 1,021 | 1,239 | 1,323 | 1,629 | 1,759 | 1,729 |
| Expenses + | 411 | 458 | 452 | 526 | 621 | 731 | 708 | 880 | 1,072 | 1,118 | 1,335 | 1,396 | 1,375 |
| Operating Profit | 29 | 51 | 62 | 75 | 90 | 98 | 115 | 141 | 168 | 205 | 294 | 363 | 354 |
| OPM % | 7% | 10% | 12% | 12% | 13% | 12% | 14% | 14% | 14% | 15% | 18% | 21% | 20% |
| Other Income + | 19 | 21 | 28 | 16 | 14 | 10 | 10 | 12 | 11 | 11 | 18 | 13 | 25 |
| Interest | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 | 2 | 2 | 2 | 2 | 0 |
| Depreciation | 19 | 19 | 17 | 17 | 22 | 33 | 38 | 35 | 34 | 35 | 29 | 31 | 34 |
| Profit before tax | 28 | 52 | 71 | 73 | 80 | 72 | 84 | 114 | 143 | 178 | 281 | 342 | 345 |
| Tax % | 21% | 30% | 25% | 31% | 31% | 26% | 24% | 26% | 24% | 25% | 25% | 24% | |
| Net Profit + | 23 | 36 | 54 | 50 | 55 | 53 | 64 | 85 | 109 | 133 | 211 | 258 | 261 |
| EPS in Rs | 1.76 | 2.83 | 4.19 | 3.89 | 4.30 | 4.17 | 4.97 | 6.59 | 8.40 | 10.29 | 16.26 | 19.89 | 20.10 |
| Dividend Payout % | 28% | 25% | 24% | 31% | 29% | 32% | 35% | 30% | 33% | 32% | 31% | 30% |
Financials of Kirloskar Pneumatic 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 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 283 | 309 | 413 | 449 | 481 | 482 | 576 | 646 | 782 | 912 | 1,083 | 1,238 | 1,280 |
| Borrowings + | 0 | 0 | 0 | 1 | 1 | 28 | 40 | 1 | 1 | 1 | 1 | 0 | 0 |
| Other Liabilities + | 200 | 181 | 170 | 273 | 254 | 252 | 296 | 365 | 333 | 460 | 517 | 487 | 469 |
| Total Liabilities | 496 | 503 | 596 | 736 | 748 | 775 | 924 | 1,025 | 1,130 | 1,385 | 1,613 | 1,738 | 1,762 |
| Fixed Assets + | 97 | 82 | 79 | 75 | 122 | 207 | 175 | 229 | 223 | 232 | 291 | 336 | 342 |
| CWIP | 1 | 1 | 37 | 68 | 64 | 9 | 8 | 11 | 24 | 35 | 21 | 7 | 16 |
| Investments | 115 | 155 | 218 | 199 | 196 | 138 | 223 | 205 | 246 | 358 | 460 | 478 | 620 |
| Other Assets + | 283 | 266 | 261 | 395 | 366 | 422 | 518 | 579 | 637 | 760 | 841 | 918 | 783 |
| Total Assets | 496 | 503 | 596 | 736 | 748 | 775 | 924 | 1,025 | 1,130 | 1,385 | 1,613 | 1,738 | 1,762 |
Financials of Kirloskar Pneumatic 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 + | 3 | 53 | 17 | 63 | 53 | 10 | 57 | 109 | 40 | 183 | 215 | 228 |
| Cash from Investing Activity + | 18 | -30 | -10 | -15 | -56 | -6 | -49 | -46 | -11 | -136 | -156 | -114 |
| Cash from Financing Activity + | -15 | -18 | -5 | -14 | -26 | -6 | 10 | -72 | -28 | -33 | -45 | -63 |
| Net Cash Flow | 6 | 4 | 2 | 33 | -30 | -2 | 18 | -9 | 0 | 14 | 14 | 51 |
| Free Cash Flow | 15 | 51 | 3 | 19 | -19 | -44 | 54 | 20 | -2 | 114 | 137 | 163 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 12% | 103% | 58% | 115% | 84% | 33% | 63% | 96% | 44% | 109% | 96% | 85% |
Financials of Kirloskar Pneumatic 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 | 147 | 109 | 93 | 127 | 94 | 83 | 137 | 107 | 97 | 103 | 107 | 108 |
| Inventory Days | 94 | 78 | 103 | 105 | 94 | 131 | 93 | 132 | 93 | 104 | 85 | 88 |
| Days Payable | 155 | 127 | 132 | 191 | 130 | 113 | 118 | 111 | 82 | 104 | 89 | 106 |
| Cash Conversion Cycle | 86 | 60 | 64 | 41 | 58 | 101 | 111 | 128 | 107 | 103 | 103 | 90 |
| Working Capital Days | 53 | 43 | 43 | 32 | 37 | 50 | 77 | 66 | 82 | 74 | 62 | 67 |
| ROCE % | 7% | 16% | 17% | 16% | 17% | 15% | 15% | 18% | 20% | 22% | 28% | 30% |
Guidance history
How Kirloskar Pneumatic Company Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Rising |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Flat |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
26 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 | +10.4% | 69% |
| Last 6 months | +0.9% | 57% |
| Last 3 months | −24.9% | 12% |
The price is 39.1% below its all-time high of ₹1,045.75 (22 Jun 2026). Stocks more than 20% below their peak have their score halved, so 53 became 26.
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 Pneumatic Company Ltd: 0.4 × 69 + 0.4 × 57 + 0.2 × 12 = 53, halved to 26 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 16 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 Pneumatic Company Ltd's management said in earlier quarters
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