Kirloskar Electric Co. Ltd. (IN:KECL)
:KECL
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Kirloskar Electric Co. Ltd.
(KECL)
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Rating:57Neutral
Price Target:
₹108.00
▲(6.98% Upside)
Action:Reiterated
Date:05/27/26
The score is held back primarily by weak FY2026 cash-flow performance and inconsistent profitability despite improved leverage and recovering revenue. Technicals are supportive with price above major moving averages and positive momentum, but the high P/E valuation limits upside support.
Positive Factors
Improving leverage and balance-sheet repair
The material decline in debt-to-equity from very high levels to ~1.01x indicates sustained balance-sheet repair, improving financial flexibility. Over 2–6 months this reduces refinancing risk, supports bidding for projects and capital expenditure, and lowers interest burden versus earlier years.
Negative Factors
Weak operating cash flow and near-zero FY2026 free cash flow
A meaningful deterioration to near-zero free cash flow in FY2026 signals fragile earnings-to-cash conversion and points to working-capital volatility. Persistently weak cash conversion curtails the company's ability to self-fund capex, pay down debt, or sustain dividends, raising refinancing and liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage and balance-sheet repair
The material decline in debt-to-equity from very high levels to ~1.01x indicates sustained balance-sheet repair, improving financial flexibility. Over 2–6 months this reduces refinancing risk, supports bidding for projects and capital expenditure, and lowers interest burden versus earlier years.
Read all positive factors
Kirloskar Electric Co. Ltd. (KECL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.09B
Dividend YieldN/A
Average Volume (3M)10.64K
Price to Earnings (P/E)51.0
Beta (1Y)2.11
Revenue Growth8.37%
EPS Growth271.75%
CountryIN
Employees889
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)1.04
Shares Outstanding66,414,070
10 Day Avg. Volume8,746
30 Day Avg. Volume10,642
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)4.13
Price to Sales (P/S)0.92
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Kirloskar Electric Co. Ltd. Business Overview & Revenue Model
Company Description
Kirloskar Electric Company Limited (KECL) is a manufacturer and global supplier of diverse electrical and electronic equipment, with operations spanning India and international markets. The company structures its business across Power Generation a...
How the Company Makes Money
KECL primarily makes money by designing, manufacturing, and selling electrical equipment to customers in industrial, utility, and infrastructure markets. Key revenue streams typically include: (1) Sale of equipment: revenues from supplying product...
Kirloskar Electric Co. Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.23B | 5.89B | 5.44B | 5.57B | 4.74B | 3.35B |
| Gross Profit | 1.42B | 972.30M | 826.60M | 835.90M | 1.53B | 873.77M |
| EBITDA | 365.10M | 355.30M | 332.00M | 447.48M | 585.61M | 1.03B |
| Net Income | 71.20M | 83.80M | 37.40M | 140.79M | 310.80M | 673.89M |
Balance Sheet | ||||||
| Total Assets | 6.09B | 6.33B | 6.01B | 6.40B | 6.12B | 6.14B |
| Cash, Cash Equivalents and Short-Term Investments | 229.90M | 319.20M | 291.50M | 211.50M | 246.80M | 475.12M |
| Total Debt | 1.04B | 1.00B | 1.16B | 1.26B | 1.33B | 1.42B |
| Total Liabilities | 4.84B | 5.01B | 4.86B | 5.58B | 5.21B | 5.38B |
| Stockholders Equity | 1.25B | 1.32B | 1.15B | 823.40M | 918.30M | 759.77M |
Cash Flow | ||||||
| Free Cash Flow | 59.50M | 0.00 | 84.70M | 340.79M | 34.40M | 343.12M |
| Operating Cash Flow | 65.50M | 19.50M | 123.60M | 365.70M | 73.00M | 349.64M |
| Investing Cash Flow | 95.60M | 161.70M | -38.80M | -21.20M | 20.70M | 1.03B |
| Financing Cash Flow | -232.70M | -157.80M | -103.80M | -306.47M | -333.00M | -1.09B |
Kirloskar Electric Co. Ltd. Technical Analysis
Neutral
100.95
Price Trends
117.04
Negative
101.98
Positive
106.20
Positive
Market Momentum
-3.30
Negative
46.58
Neutral
86.30
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KECL, the sentiment is Neutral. The current price of 100.95 is below the 20-day moving average (MA) of 108.59, below the 50-day MA of 117.04, and below the 200-day MA of 106.20, indicating a neutral trend. The MACD of -3.30 indicates Negative momentum. The RSI at 46.58 is Neutral, neither overbought nor oversold. The STOCH value of 86.30 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KECL.
Kirloskar Electric Co. Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹1.60T | 67.65 | ― | 1.14% | 16.87% | 18.09% | |
72 Outperform | ₹1.54T | 51.65 | ― | 0.83% | 7.82% | 57.78% | |
64 Neutral | ₹1.43T | 89.46 | ― | 0.18% | 19.21% | 199.99% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ₹7.09B | 51.03 | ― | ― | 8.37% | 271.75% | |
57 Neutral | ₹1.34T | 86.20 | ― | 0.38% | -25.52% | -32.46% | |
55 Neutral | ₹49.50B | 46.11 | ― | 1.06% | 17.76% | 83.26% |
* Industrials Sector Average
IN:KECL
Kirloskar Electric Co. Ltd.
106.70
-34.30
-24.33%
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Kirloskar Electric Co. Ltd. Corporate Events
Kirloskar Electric Publishes FY26 Audited Results in Leading Dailies
May 28, 2026
Kirloskar Electric Company Ltd. has published its Ind AS-compliant audited standalone and consolidated financial results for the quarter and full financial year ended March 31, 2026. The company notified that these audited results have been releas...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.