Kirloskar Pneumatic Company (KIRLPNU) had a P/E of 30.9× on 6 Nov 2026, below the industry P/E of 33.8×, and the shares are 44% below their 52-week high. Sales and net profit grew 13% and 33% a year over 3 years, with ROCE of 26% and ROE of 21%. It carries very little debt, and its dividend yield is 1.1%. It is a small-cap company with a market cap of ₹7,998 Cr, ranked 26th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 3.5% over the past year.
- ₹562.40
- ₹621.30
- ₹556.00
- ₹571.65
- 8 L
Health check
- ReturnsIn line
+3.5% over a year, better than 3 of 7 peers.
- Price tagIn line
P/E 30.9 vs industry 33.8.
- GrowthSteady
Sales +13.1%, profit +33.1% a year over 3 years.
- ProfitabilityStrong
ROCE 26.4% vs peer median 24.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flags2 to check
Quarterly sales down 15.6% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,998 Cr
- Small cap
- P/E
- 30.9
- Industry 33.8
- Price to book
- 6.20
- Peers 9.16
- Dividend yield
- 1.05%
- ROE
- 21.2%
- Peers 19.1%
- ROCE
- 26.4%
- Peers 24.8%
- Debt to equity
- 0.00
- Debt ₹0.60 Cr
- EPS (TTM)
- ₹19.89
- Face value ₹1
- OPM (TTM)
- 20.1%
- Net margin 14.8%
- Sales growth
- −15.6%
- Latest quarter vs a year ago
- Profit growth
- −8.8%
- Latest quarter vs a year ago
- Price to sales
- 4.58
- EV/EBITDA 21.3
Strengths and risks
Strengths
- Return on equity of 21.2%.
- Return on capital employed of 26.4%.
- Practically debt-free.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly sales down 15.6% on a year ago.
- 44% below its 52-week high.
About Kirloskar Pneumatic Company
Kirloskar Pneumatic Company Limited, together with its subsdiary, engages manufacture and sale of compression and transmission products in India. It operates through Compression Systems and Other non-reportable segments. The company offers reciprocating refrigeration compressors, screw refrigeration compressors and packages, industrial refrigeration packages, marine HVAC and R, steam driven vapour absorption chillers, hot water driven vapour absorption…
- Headquarters
- Pune
- Employees
- 926
- Sector
- Industrials
- ISIN
- INE811A01038
- Website
- kirloskarpneumatic.com
Price range
- Avg volume (3M)
- 2.4 L
- 1-year return
- plus 3.5%
- From 52-week high
- minus 44.0%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 87.3 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 20.6% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| KIRLPNUKirloskar Pneumatic Company | 615.35 | plus 7.64% | 7,998 | 30.9 | 20.8 | 26.4% | 20.1% | 0.00 | 13.1% | plus 3.5% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| 282 | – | 407 | 712 | 303 | 326 | |
| 248 | – | 328 | 526 | 258 | 286 | |
| 33.3 | – | 79.4 | 186 | 45.6 | 40.7 | |
| 11.8% | – | 19.5% | 26.1% | 15.0% | 12.5% | |
| 8.4 | – | 6.1 | 6 | 8.1 | 8.1 | |
| 0.2 | – | 0.2 | 0.2 | 0.1 | – | |
| 7.5 | – | 8.1 | 8.4 | 8.9 | 9.3 | |
| – | – | −18.3 | 4.2 | – | 11 | |
| 34 | – | 58.9 | 188 | 44.7 | 50.5 | |
| 25.6% | – | 29.5% | 23.4% | 25.7% | 20.8% | |
| 26.6 | – | 42.2 | 144 | 33.4 | 40 | |
| – | 3.34 | 3.19 | 11.05 | 2.57 | 3.07 |
Profit & loss
- Sales CAGR 3Y
- +13.1%
- Profit CAGR 3Y
- +33.1%
- EPS CAGR 3Y
- +32.9%
- ROE
- 21.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,229 | 1,312 | 1,628 | 1,777 | |
| – | +6.7% | +24.1% | +9.1% | |
| 1,064 | 1,111 | 1,333 | 1,414 | |
| 165 | 201 | 295 | 362 | |
| 13.4% | 15.3% | 18.1% | 20.4% | |
| 3.3 | 6.8 | 4.8 | 3.2 | |
| 0.1 | 0.1 | 0.4 | 1.1 | |
| 33.5 | 35.5 | 29.1 | 31.8 | |
| 8.7 | 5.9 | 10.2 | 5.2 | |
| 143 | 178 | 281 | 338 | |
| 24.2% | 25.1% | 24.8% | 24.7% | |
| 109 | 133 | 211 | 256 | |
| – | +22.8% | +58.4% | +21.3% | |
| 8.38 | 10.29 | 16.25 | 19.70 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.9 | 13 | 13 | 13 | |
| 782 | 912 | 1,083 | 1,236 | |
| 1 | 0.8 | 10.6 | 3.3 | |
| 333 | 460 | 540 | 505 | |
| 1,130 | 1,385 | 1,647 | 1,757 | |
| 239 | 260 | 331 | 362 | |
| 21.4 | 31.8 | 19.7 | 5.1 | |
| 142 | 173 | 176 | 120 | |
| 193 | 314 | 351 | 457 | |
| 534 | 607 | 769 | 814 | |
| 1,130 | 1,385 | 1,647 | 1,757 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 39.8 | 183 | 215 | 233 | |
| −11.2 | −136 | −155 | −111 | |
| −28.4 | −33.3 | −45.7 | −71 | |
| 0.2 | 13.7 | 14.1 | 51.2 | |
| −42.4 | −71.6 | −77.9 | −66.3 | |
| −2.6 | 112 | 137 | 166 | |
| −31.2 | −35.6 | −48.6 | −64.8 |
Shareholding pattern
- Promoters38.80%
- Public61.20%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 38.80% | 61.20% | minus 0.01 | |
| 30 Jun 2026 | 38.81% | 61.19% | 0.00 | |
| 31 Mar 2026 | 38.81% | 61.19% | minus 0.01 | |
| 31 Dec 2025 | 38.82% | 61.18% | minus 0.02 | |
| 30 Sep 2025 | 38.84% | 61.16% | – |
Major shareholders
Filings & events
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