TickerSutra

NSE: KIRLOSBROS · BSE: 500241 · ISIN INE732A01036

Kirloskar Brothers Limited stock analysis

Kirloskar Brothers Limited ranks #1568 in the TickerSutra evidence-ranked universe with a score of 52/100 and 95% data confidence. The latest captured fundamentals show ROCE of 20.4%, quarterly sales growth of 12.9% and quarterly profit growth of -0.5%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE52/100

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#1568 of 5,430 ranked equities
Market capitalisation₹14,724.38cr
ROCE20.4%
Quarterly sales growth12.9%
Quarterly profit growth-0.5%
P/E ratio36.4×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 20.4%
  • Low debt/equity of 0.1×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹3,058cr₹206cr₹94cr7.0%
2023₹3,730cr₹400cr₹236cr11.0%
2024₹4,001cr₹520cr₹350cr13.0%
2025₹4,492cr₹609cr₹419cr14.0%
2026₹4,538cr₹545cr₹377cr12.0%
TTM₹4,664cr₹548cr₹377cr12.0%
Debt / equity0.10×
CFO / EBITDA0.61×
Operating margin12.0%
Free cash flow₹204cr
Sales CAGR · 3Y6.8%
Profit CAGR · 3Y16.9%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts1 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 4 mentions
Positive catalyst

KBL secured major orders from Adani Power and its group companies for Concrete Volute Pumps (CVP), reinforcing our position as the world’s largest CVP supplier. This achievement has significantly enhanced KBL’s visibility in the thermal power market and has triggered strong interest from other end-users, many of whom are now evaluating Concrete Volute Pump technology for their upcoming greenfield power projects. The

Export market updatesHigh severity · 4 mentions
Constructive

The Total Order Booking from the Power Sector reached ` 228 Crore, reflecting strong business momentum during the year. The Company strengthened its international presence in sustainable energy solutions by successfully executing export orders for hydropower generators, including a PICO (5 kW) unit despatched to a customer in Dubai and a PAT (35 kW) unit despatched to the Democratic Republic of Congo. Additionally, t

Backward integrationHigh severity · 1 mention
Positive catalyst

Cost Optimisation and Efficiency Improvement Cost leadership remains a key driver of value creation. Through cost optimisation, backward integration, supply chain efficiencies and automation, we have strengthened operational efficiency while maintaining industry-leading quality standards. Continuous adoption of modern and advanced technologies supports productivity gains and cost competitiveness.

Management confidenceModerate severity · 1 mention
Constructive

These achievements reaffirm KBL’s continuous pursuit of excellence, responsible growth and vision of shaping a sustainable future through integrity and innovation. These are the areas where we are confident of making a positive contribution and supporting the United Nations 2030 Agenda for Sustainable Development. The United Nations Sustainable Development Goals (UNSDGs) provide a shared blueprint for addressing glob

Regulatory updatesModerate severity · 29 mentions
Watch

The total impact due to implementation of the new Labour Code is Rs.389 million in FY'26. As this impact arises from regulatory change and is a nonrecurring in nature, it has been classified as an exceptional item. The group will continue to monitor further developments and revise estimates based on additional clarifications and notified rules.

Regulatory approvalModerate severity · 6 mentions
Positive catalyst

• The Kirloskarvadi plant received the prestigious TPM Excellence Award from the Japan Institute of Plant Maintenance (JIPM), recognising world-class manufacturing practices and a strong culture of continuous improvement. • The Hydraulic Research Centre at Kirloskarvadi achieved NABL accreditation (ISO/IEC 17025:2017) along with approval from the Hydraulic Institute, USA, establishing it among globally recognised pum

Margin expansionLow severity · 1 mention
Watch

But the order book is more tuned towards, like I mentioned earlier, energy, water and data centers. And the higher margin comes more from services. So that's really what we've been focusing on.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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