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Prices as of 8 Oct 2026 close · Not investment advice

Kirloskar Oil Engines Limited

NSE: KIRLOSENGCompressors, Pumps & Diesel Engines

Share price

₹2,163.00

-3.04% close of 8 Oct 2026

Market cap ₹31,364 CrP/E 55.0

Business score

How strong the business is, in one number. The parts behind it are in Pro.

59

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹31,364 Cr

P/E ratio

55.0

P/B ratio

8.7

ROCE

14.6%

ROE

17.5%

Dividend yield

0.3%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹2,563.6052-week low ₹869.55

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 22.7% over the past year, and 7.7% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 11.3% to 17.5% over the last four years.

Whether it grew faster than its sector

It grew 7.7% a year against a sector median of 10.6% — 3.0 percentage points slower.

Room to re-rate, or risk of de-rating

At 55.0× earnings it costs 2.3× the market, which pays 23.9× across 2199 companies we can price. Its own industry sits at 48.0×, across 5 companies. It is against its own five-year median of 25.4×, the 97th percentile of its own range.

Whether growth justifies the valuation

Priced at 2.5 times its growth rate, on earnings growth of 22%.

Profit growthPrice per ₹1 profitPer 1% growth
Kirloskar Oil Engines Limited — this one22%/yr55.0×₹2.5
Cummins India Limited26%/yr53.5×₹2.1
Elgi Equipments Limited11%/yr39.9×₹3.6
Ksb Limited17%/yr51.7×₹3.0
Kirloskar Brothers Limited19%/yr32.9×₹1.7
Ingersoll Rand (India) Limited13%/yr48.0×₹3.7

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Compressors, Pumps & Diesel Engines), it ranks 12 of 14 on returns, 10 of 13 on growth, 6 of 14 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 14.6% on capital, ahead of 14% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹2237 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹1965 crore to ₹5374 crore. And the profit is not backed by cash: it reported a profit over 11 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 13 days for its cash to paid 2 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 9 checks clear · 89%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue grew 13% while profit fell 20% as exports and costs hurt margins.

Announced 6 Aug 2026 · Consolidated · Unaudited

Revenue

₹2,000 Cr

Revenue vs last year

+13.4%

Revenue vs last quarter

-5.5%

Net profit

₹111 Cr

Profit vs last year

-20.1%

Profit vs last quarter

-28.3%

Net margin

5.6%

EPS

₹7.82

Earnings call transcript · 7 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹31,364 Cr
Prev close
₹2,163.00
52w High
₹2,720
52w Low
₹866
Enterprise value
₹35,162 Cr
Beta
1.2
Price CAGR 1y
153.0%
Price CAGR 3y
62.0%
Price CAGR 5y
62.0%
Price CAGR 10y
20.0%

Ratios

Return on assets
5.2%
PEG ratio
2.5
P/E ratio
55.0
P/B ratio
8.7
EV / EBITDA
25.3
Industry P/E
40.4
ROCE
14.6%
ROCE 5y average
13.4%
ROE
17.5%
Debt / Equity
1.5
Interest coverage
2.5
Dividend yield
0.3%
ROE 3y average
17.0%
ROE last year
18.0%

Annual P&L

Annual revenue
₹7,701 Cr
Annual profit
₹562 Cr
Operating margin
18.0%
Net profit margin
7.3%
EBITDA margin
18.4%
Sales growth 3y
15.3%
Sales growth 5y
18.5%
Profit growth 3y
22.0%
Profit growth 5y
25.0%
EPS
₹39.5
Sales growth TTM
23.0%
Profit growth TTM
28.0%
Dividend payout
18.0%

Quarter P&L

Sales latest quarter
₹2,000 Cr
Profit latest quarter
₹111 Cr
YoY quarterly sales growth
13.5%
YoY quarterly profit growth
-20.1%
OPM latest quarter
15.0%

Balance Sheet

Book Value
₹250
Face Value
₹2.0
Total debt
₹5,374 Cr
Total cash
₹1,250 Cr
Borrowings
₹5,374 Cr
Reserves / Equity
123.8

Cash Flow

Operating cash flow
₹932 Cr
Free cash flow
₹595 Cr
FCF yield
0.2%
Net cash flow
₹23 Cr

Shareholding

Promoter holding
41.1%
FII holding
11.3%
DII holding
26.0%
Public holding
21.6%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Cummins India4,872.2055.41,35,0571.35609.32.53,426.017.939.5
Kirloskar Oil2,230.8057.032,4730.31111.1-17.11,999.513.514.6
Elgi Equipments602.0541.119,0800.45103.327.01,062.222.622.1
KSB801.5053.213,9490.5557.2-18.8690.73.624.7
Kirl. Brothers1,712.8033.613,6010.4167.6-0.51,104.912.920.4
Ingersoll-Rand4,115.3047.312,9911.8270.519.5379.520.357.1
Kirl.Pneumatic696.1533.19,0450.8634.121.4300.310.430.3
Median748.8341.87,2830.4354.86.8639.619.122.9

Competes with: Cummins India Limited, Elgi Equipments Limited, Greaves Cotton Limited, Ingersoll Rand (India) Limited, Kirloskar Brothers Limited, Kirloskar Pneumatic Company Limited, Ksb Limited, Latteys Industries Limited, Oswal Pumps Limited, Roto Pumps Limited, Shakti Pumps (India) Limited, Swaraj Engines Limited, Yuken India Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,5431,3051,3911,6601,6321,5051,4541,7491,7621,9481,8732,1162,000
Expenses1,2771,1031,1331,3571,3071,2071,1991,4371,4351,5671,5411,7401,699
Material Cost670836937831863950
Change in Inventories144-31-721.4164-82
Purchases of Stock-in-Trade199213246235322317
Employee Cost142137151162163191
Other Expenses284281305311329323
Operating Profit266201258303325298255312327382331376300
OPM %17151918202018181920181815
Other Income78-2423181911363913-13215
Exceptional items (within Other Income)2100-23-9.440
Interest76748297101118133131139136128120116
Depreciation27303131303337394042434949
Profit before tax17010512219821116695179187216148210151
Tax %26262626262528292626262626
Net Profit126788914715612568127139159109155111
EPS in Rs8.675.386.2010118.794.919.039.77117.66117.82
Diluted EPS in Rs9.019.75117.64117.81

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,4642,6743,0553,6263,3793,2964,0225,0205,8986,3297,7017,937
Expenses2,1872,3902,7903,2513,0852,9093,6104,2864,8715,1486,2876,547
Material Cost2,8093,468
Change in Inventories39-37
Purchases of Stock-in-Trade7441,016
Employee Cost537612
Other Expenses1,0291,226
Operating Profit2772832653762953874127341,0271,1811,4141,390
OPM %1111910912101517191818
Other Income498372635217272916924417
Exceptional items (within Other Income)36-32
Interest9312131450106210329482523499
Depreciation111111123948784101105119139174183
Profit before tax205253203331245270232449595652761725
Tax %1931333423272626262726
Net Profit165174136220188197171332440476562535
EPS in Rs11129.66151313122330344038
Diluted EPS in Rs3439
Dividend Payout %4442523331303322201918

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
12%
5 years
18%
3 years
15%
TTM
23%

Compounded profit growth

10 years
16%
5 years
25%
3 years
22%
TTM
28%

Stock price CAGR

10 years
20%
5 years
62%
3 years
62%
1 year
153%

Return on equity

10 years
13%
5 years
15%
3 years
17%
Last year
18%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 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
Borrowings712142901898491,9653,2444,1425,8195,374
Other Liabilities5195417838078251,0269751,1691,4501,5731,851
Minority Interest-30-45
Total Liabilities1,9702,1702,5002,5952,7593,7975,0216,7178,26810,47810,846
Fixed Assets4754407026636236987216897691,1831,327
CWIP291530417855436929398149
Investments791988675711433834738658489601440
Other Assets6747271,0931,1801,6262,2103,5195,3026,7188,5978,930
Total Assets1,9702,1702,5002,5952,7593,7975,0216,7178,26810,48210,852

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity99171136192-124-16-1,041-920-469-739932
Cash from Investing Activity82-1907-38233-465-3-145-109-522-320
Cash from Financing Activity-1762-96-153-435999501,1828001,510-589
Net Cash Flow6-1648167118-9311722324823
Free Cash Flow2211426139-206-120-1,165-1,081-846-996594

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2327484145494338384045
Inventory Days4949644969685464676061
Days Payable82779169701068079837278
Cash Conversion Cycle-10-0212143101723222828
Working Capital Days720171347-0134-49-33-2
ROCE %13101712131013151415

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters414141414141414141414141
FIIs7.799.069.779.9811119.148.478.348.451111
DIIs242425252525272728282726
Public272524232323232323222122
No. of Shareholders72,79868,89177,5651,07,3231,21,4811,12,5401,09,9481,09,6071,03,2091,02,5161,06,6661,30,627

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +145.7% (₹880.35 → ₹2,163.00)Brick size ₹105.58 (fixed)Bricks 24
₹1,000₹1,500₹2,000₹2,500₹2,163Nov '25Apr '26Jul '26
Price moved up one brickPrice moved down one brickLast close ₹2,163.00 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

7.25

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

3,799inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

2,37,26,176inr

2026-03-31

News

News and filings about Kirloskar Oil Engines Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • aluminium (engine components)
  • bought-out components: alternators, batteries, K-Oil and other traded goods
  • copper (alternator windings)
  • iron/steel castings (engine blocks, heads)
  • steel and metal components for engines, gensets, pump sets and power tillers

Depends on the price of

  • Iron Ore
  • aluminium
  • copper
  • diesel
  • steel

Buys from

Sells to

  • Indian Navy · Make-I program: design & development of 6 MW medium-speed marine diesel engine for naval v…
  • RITES Limited · customised engine/power & propulsion solutions for railway rolling stock, infrastructure a…

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Capital Goods
Industry
Compressors, Pumps & Diesel Engines
Classification
Capital Goods › Compressors, Pumps & Diesel Engines
ISIN
INE146L01010

Business segments

  • B2B · 74%
  • B2C · 15%
  • Financial services · 11%

Plants

  • KOEL Bhare plant
  • KOEL Kagal plant
  • KOEL Nashik plant (large engines)
  • KOEL Pune (Khadki) plant
  • KOEL Rajkot plant
  • KOEL Sanand plant (La-Gajjar Machineries / Koel Fluid Dynamics)

News impact

Big market events that reach Kirloskar Oil Engines Limited, and how the effect spreads.

Who it hits first

  • KSB Limited, which makes pumps and valves, won a Rs118 crore export order from Dangote Projects Free Zone for boiler feed pump packages.
  • The pumps will be used in fertilizer and energy plants, with delivery planned from September 2027 to March 2028.
  • KSB shares jumped nearly 10% on September 30 as investors cheered the win and stronger export outlook.

Who may gain

  • KSB Limited (pump and valve maker) — gets the Rs118 crore order directly and stronger export credentials in fertilizer and energy.
  • Shakti Pumps, Kirloskar Brothers and Oswal Pumps (pump makers) — benefit because the win shows healthy overseas demand for Indian pumps.
  • Elgi Equipments, Ingersoll Rand India and Kirloskar Pneumatic (compressor and equipment makers) — see only a mild lift in mood as other factory-equipment makers.

Along the supply chain

Downstream

Dangote Projects Free Zone is the end user and will install the boiler feed pumps in its fertilizer and energy plants; KSB's domestic customers NTPC Limited (power generator) and Indian Oil Corporation (oil refiner and fuel seller) get no direct benefit from this export order.

Upstream

KSB's two listed suppliers, DISAQ and INVPRECQ, provide parts and materials for its pumps, so building Rs118 crore of boiler feed pumps for September 2027 to March 2028 could modestly lift their component orders.

Where demand moves

Business

Dangote Projects Free Zone, which runs fertilizer and energy plants, needs boiler feed pumps and has asked KSB Limited to build Rs118 crore worth, lifting KSB's order book and export sales from September 2027 to March 2028.

Capital

Investors rushed to buy KSB shares on September 30, pushing the price up nearly 10%, and some buying may spill over to other pump makers like Shakti Pumps and Kirloskar Brothers; power and fuel buyers gain no new money flow from this export win.

How it spreads across sectors

Capital Goods

Positive — a Rs118 crore export pump win shows healthy overseas demand for Indian pumps and factory equipment, lifting mood for pump makers.

Chemicals

Neutral to mildly positive — fertilizer-linked equipment demand is encouraging, but chemical makers get no direct orders from this win.

Power

Neutral — power generators buy pumps but gain nothing directly from KSB's Dangote export order.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

In the next 1 to 7 days KSB holds most of its nearly 10% jump with some profit-taking, while pump makers see mild sympathy buying.

Medium term

Over 1 to 6 months focus shifts to execution — parts buying from suppliers and progress toward September 2027 delivery — and any follow-on Dangote or fertilizer orders would extend gains.

Short term

Over 1 to 4 weeks analysts size the Rs118 crore order against KSB's order book, and peers trade on export hopes without new wins of their own.

Who it hits first

  • Oswal Pumps, a pump maker expanding into solar work, won a Rs 273.19 crore order from TGREDCO to put rooftop solar plants on 9,937 government schools in Telangana.
  • Its shares rose 8% as investors priced in the new revenue from nearly 10,000 school installations.
  • Rival pump and equipment makers won nothing here, so the gain sits with Oswal alone.

Who may gain

  • Oswal Pumps: Rs 273.19 crore of fresh project revenue across 9,937 school sites.
  • TGREDCO and Telangana's schools: solar rooftops cutting power bills and aiding green targets.
  • Short-term Oswal shareholders: an 8% price pop on the announcement.

Along the supply chain

Downstream

Downstream, TGREDCO (the Telangana green-energy agency) receives 9,937 solar rooftops for its schools; Tata Power, Oswal's graphed customer, is not party to this order and sees no flow.

Upstream

Upstream gets a mild pull: panel, inverter, cable and mounting-structure suppliers to Oswal should see extra dispatches as 9,937 sites roll out, though the pack names no specific supplier.

Where demand moves

Business

Real business demand lands on Oswal Pumps: 9,937 school rooftops need panels, mounting, wiring and installation, which becomes booked revenue as sites are executed; rival bidders get none of this work.

Capital

Capital follows the order: buyers chased Oswal Pumps shares up 8%, while peer pump and power-equipment stocks see no new money from this single-company win.

How it spreads across sectors

Capital Goods

Small positive for equipment makers on green-order momentum, but revenue lands only with Oswal, so peers barely move.

Power

Mildly supportive: 9,937 solar school rooftops add distributed green capacity, too small to shift big generators.

A pattern seen before

Cascade chain

  • TGREDCO awards 9,937 school solar rooftops → Oswal Pumps books Rs 273.19 cr order revenue
  • Rooftop rollout → panel, inverter, cable and mounting dispatches rise
  • Schools generate daytime solar → grid draw and power bills fall in Telangana
  • Distributed green capacity grows → Power sector renewable mix edges up

Pattern name

Energy Transition Cascade

Patterns

  • Energy Transition Cascade

Sectors queried

  • Auto
  • Oil & Gas

When it plays out

Immediate

Oswal shares stay firm near the 8% pop as the TGREDCO order details and execution schedule sink in.

Medium term

Installation progress and TGREDCO payments decide the real margin; steady execution extends gains, delays trim them.

Short term

Work orders and site mobilisation across the 9,937 schools confirm the revenue pipeline; peers drift on their own news.

Who it hits first

  • KIRLOSENG — 192 MW data centre power order; Rs 600-1200 cr revenue scale estimate

Who may gain

  • CUMMINSIND (competitor read-through)
  • Data centre power equipment ecosystem

Along the supply chain

Downstream

Data centre operators (NXTDIGITAL, BHARTIARTL via Nxtra, Adani enterprises via Adani ConneX) — power infrastructure dependability increases

Upstream

Engine components, alternator suppliers, fuel-injection systems — minor near-term demand pickup

Where demand moves

Business

AI data centre buildout drives genset / backup-power demand — KIRLOSENG and CUMMINSIND duopoly captures bulk of large orders.

Capital

Sectoral rotation into data-centre infrastructure plays; KIRLOSENG already extended (PE 42.6) — selective allocation.

How it spreads across sectors

Capital Goods

Positive — data centre capex theme strengthens

When it plays out

Immediate

Monday: KIRLOSENG +3-5% likely; CUMMINSIND mild positive

Medium term

Data centre AI buildout structural — multi-quarter tailwind

Short term

Order book commentary in Q1 results July-Aug

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

31 Jul 2026unspecified₹4.5
20 Feb 2026interim₹2.5
31 Jul 2025unspecified₹4
21 Feb 2025interim₹2.5
1 Aug 2024unspecified₹3.5
23 Feb 2024interim₹2.5
4 Aug 2023unspecified₹2.5
23 Feb 2023interim₹2.5

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 0, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Insider trades

DisclosedWhoTypeSharesValue ₹ Cr
12 Aug 2026Madankumar Kotragouda Patil · Designated PersonSELL1,9400.41

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.