loader2
Partner With Us NRI

Kirloskar Oil Engines Ltd share Price Today

Company details

552.25
567.00
288.10
577.55
6M Return 40.41%
1Y Return 71.74%
Mkt Cap.(Cr) 8,147.44
Volume 258,980
Div Yield 0.89%
OI
-
OI Chg %
-
Volume 258,980

Open Free Trading Account Online with ICICIDIRECT

Incur '0' Brokerage upto ₹500

Heavy Electrical Equipment company Kirloskar Oil Engines announced Q2FY24 & H1FY24 results:

1. Q2FY24 Standalone Results:
- Net sales increased by 5% YoY, reaching Rs 1,305 crore.
- EBITDA decreased by 5% YoY, amounting to Rs 109 crore.
- EBITDA margin stood at 10.3%.
- Net profit decreased by 5% YoY, totaling Rs 69 crore.

2. H1FY24 Standalone Results:
- Net sales increased by 19% YoY, reaching Rs 2,303 crore.
- EBITDA increased by 24% YoY, amounting to Rs 271 crore.
- EBITDA margin stood at 11.7%.
- Net profit increased by 31% YoY, totaling Rs 180 crore.

3. Q2FY24 Consolidated Results:
- Revenue from operations increased by 6% YoY, reaching Rs 1,305 crore.
- Net profit increased by 7% YoY, totaling Rs 88 crore.

4. H1FY24 Consolidated Results:
- Revenue from operations increased by 18% YoY, reaching Rs 2,848 crore.
- Net profit increased by 35% YoY, totaling Rs 222 crore.

Business Overview:
1. Solid Order Backlog in B2B Segment:
- KOEL has a strong order backlog in the B2B segment, including CPCB II and CPCB IV genset orders.
- The company is also preparing for the upcoming emission norms for industrial engines.

2. Entry into the HHP Range with Optiprime and Optiprime Hybrid Genset Series:
- KOEL recently launched the Optiprime and Optiprime hybrid genset series, marking its entry into the high horsepower (HHP) range (above 1500kVA up to 3000kVA).
- The company is receiving good enquiries for these products, indicating a positive market response.

3. Stabilization Efforts in B2C Segment:
- KOEL's efforts to stabilize the B2C segment have led to improved segment margins compared to the previous year.
- This indicates progress in the company's strategy to strengthen its position in the B2C market.

Commenting on the Q2 results, Gauri Kirloskar, Managing Director, KOEL, said, "This quarter, KOEL has shown steady growth, with a 5% year-on-year increase in top/ine for the quarter and 19% top-line growth in H1. Our 828 segment has a solid order backlog, including CPC8 II and CPC8 IV genset orders. We are preparing for the next emission norms for industrial engines as well. We recently launched the Optiprime and Optiprime hybrid genset series, marking our entry into the HHP (>1500kVA up to 3000kVA) range. We are receiving good enquiries for these products. On the B2C front, our efforts to stabilize the business have led to improved segment margins as compared to last year. Seeing progress across all our strategic pillars, I am assured that we are on course to achieve our strategic growth objectives."

 

Result PDF

View Other Company Results

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kirloskar Oil Engines Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 2,081.65 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 12,449.94 4,687.48
LAST 3M 52,876.87 -16,992.42
LAST 6M 89,585.49 64,268.08
LAST 12M 157,003.14 111,777.92

Kirloskar Oil Engines Ltd Information

Stock PE (TTM)
21.94
Promoter Holding
41.23%
Book Value
170.6371
ROCE
15.41%
ROE
12.09%
Description
  • Kirloskar Oil Engines Ltd was incorporated on January 12, 2009 as a public limited company with the name Kirloskar Engines India Ltd. The company was incorporated with an object of taking over of the carrying on the business of manufacturing, trading and/ or dealing in engines, engine spares, pumps, generating sets and oils used therein, bimetal bearings, bushes and bimetal strips. The name of subsidiary company:Kirloskar Brothers Investments Limited, Pooja Credits Priviate Limited, Nalanda India Fund Limited. As per the scheme of arrangement between the company and the erstwhile Kirloskar Oil Engines Ltd, the demerged undertaking of the erstwhile Kirloskar Oil Engines Ltd (now known as Kirloskar Industries Ltd) vested with the company retrospectively with effect from April 1, 2009 (the appointed date). The said scheme became effective from March 31, 2010. The demerged undertaking comprises of the business of manufacturing, trading and/ or dealing in engines, engine spares, pumps, generating sets and oils used therein, bimetal bearings, bushes and bimetal strips and comprises of all the assets (whether moveable or immovable, tangible or intangible, real or personal, present, future or contingent) and liabilities, which relate thereto or are necessary therefore, including the items specifically set out in detail in the scheme of arrangement. The company changed their name from Kirloskar Engines India Ltd to Kirloskar Oil Engines Ltd with effect from June 2, 2010. The company`s equity shares were listed on the Bombay Stock Exchange Ltd (BSE), Mumbai and National Stock Exchange of India Ltd (NSE), Mumbai with effect from December 24, 2010. During the year 2010-11, the company launched K-1080 engine covering 140 to 160 kVA. The company was selected jointly by Maratha Chamber of Commerce, Industries and Agriculture (MCCIA) and Rotary Club of Poona West, for their newly introduced `Best Employees Response Award` in large industry category, Pune. In March 2011, the company entered into a license agreement with Daihatsu Diesel Manufacturing Company Ltd, Japan, for manufacture of diesel engines in range of 610 KW to 2560 KW, to cater to the Commercial Marine Market segment. In May 2011, Kirloskar Brothers Investments Ltd (KBIL) acquired shares of the company from the promoters through Interse transfer of shares amongst the group through market and the share holding of KBIL in the company has gone up from 38.06% to 41.84%. Pooja Credits Pvt Ltd (PCPL), which is a wholly owned subsidiary of KBIL, holds 8.76% in the company. Consequently, the company became a subsidiary company of KBIL. In September 2011, the company received an order of Rs 396 crore from Nuclear Power Corporation of India Ltd for the supply of 16 nos emergency Diesel Generating sets of 4.2 MW each. This order is to be executed over next 42 months. The company decides to hive off of the Bearing Business Division (BBD) consisting of two units located at Pune and Ahmednagar. In the year 2012, the company achieved sales of Rs 2,276 crores as against the Rs2,364 crores in the previous year. The company has continued with the K1080 programme and substituted 4 cylinder engines in place of 6 cylinder engines in the 100 to 125 KVa power range. The company entering a new market segment in india i.e. portable diesel genset has been completed and its planned markek launch is currently underway.

Registered Address

Laxmanrao Kirloskar Road, Khadki, Pune, Maharashtra, 411003

Tel : 91-20-25810341
Email : investors:kirloskar.com
Website : http://www.kirloskaroilengines.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 533293
NSE Code : KIRLOSENG
Book Closure Date (Month) :
BSE Group : A
ISIN : INE146L01010

FAQ’s on Kirloskar Oil Engines Ltd Shares

You can buy Kirloskar Oil Engines Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kirloskar Oil Engines Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Nov 29, 2023 04:10 PM the closing price of Kirloskar Oil Engines Ltd was ₹ 562.35.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Nov 29, 2023 04:10 PM, the market cap of Kirloskar Oil Engines Ltd stood at ₹ 8,147.44.

The latest PE ratio of Kirloskar Oil Engines Ltd as of Nov 29, 2023 04:10 PM is 21.94

The latest PB ratio of Kirloskar Oil Engines Ltd as of Nov 29, 2023 04:10 PM is 0.30

The 52-week high of Kirloskar Oil Engines Ltd is ₹ 577.55 while the 52-week low is ₹ 288.10

Download Our App

market app
market app