522101
Kilburn Engg. share price & financials
- Price
- ₹484.6
- Market cap
- ₹2.2k Cr
- Sector
- Capital Goods
- Calls analysed
- 7
Kilburn Engg. Q1 FY27
What went well
- Secured INR 190 crores of order inflows in the current financial year till date at the group level.
- EBITDA margin maintained at 20.1% despite lower revenue, reflecting strong cost discipline.
- Balance sheet strengthened to net debt-free status post fundraise, enabling future growth.
What to watch
- Q1 FY27 consolidated revenue of INR 117 crores was below the targeted level.
- Project execution and order intake deferred due to customer delays and geopolitical situation.
What Kilburn Engg. does
Kilburn Engineering designs, engineers and manufactures customised process equipment — industrial dryers, calciners, pressure vessels, heat exchangers, columns, reactors, silos and fabricated equipment — for solid, liquid and gas drying applications, earning revenue from project-based orders executed against a customer order book for sectors such as chemicals, petrochemicals, fertiliser, carbon black, tea, soda ash, pharmaceuticals, oil & gas and nuclear power. It sells both domestically and to export markets including the USA, Germany, France, the Netherlands, China, Indonesia, Hungary, Thailand, Kenya, South Africa, Brazil and Bangladesh. Through its wholly owned subsidiaries M.E. Energy (custom waste-heat-recovery and thermal/energy-saving systems, acquired Feb 2024) and Monga Strayfield (radio-frequency heating/drying equipment and sheet-metal fabrication, acquired Jan 2025, with a UK manufacturing facility), the group has extended into adjacent thermal-engineering and RF-processing equipment for food processing, textiles and auto components. Manufacturing is carried out at its own integrated facilities in Maharashtra, India.
Segments
- Kilburn Engineering (standalone) — Industrial Drying & Process Equipment
- M.E. Energy (100% subsidiary) — Waste Heat Recovery & Thermal Systems
- Monga Strayfield (100% subsidiary) — RF Heating/Drying & Sheet Metal Fabrication
- Global installations
- 3,000+
- Countries with installations/exports
- 30+
- Workforce
- 200+
- Sectors/industries served
- 15+
- Years of operating experience
- 40+
- Manufacturing facility area — Saravali, Bhiwandi
- 30,960 sq. metres
Guidance record · Q1 FY27
what the last two calls moved 10 tracked 3 delivered 2 missed 5 open- Export Revenue Contribution went quiet said Q4 FY25 Promised: 20% to 30% in next two to three years Q1 FY27: No specific update on export revenue share this quarter.
- Long-term Revenue Target FY28 at risk said Q1 FY26 Promised: 1000 crore company by 2028 Q1 FY27: Management shifts language from 'aim' to 'aspiration', stating they are building capacity to 'cater to' INR 1,000 crores revenue, but refrains from giving firm guidance for FY28, citing external factors affecting pace.
All 10 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue down 9.3%, net profit down 38.1% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104 | 108 | 127 | 129 | 154 +48% | 157 +45% | 189 +49% | 117 −9% |
| EBITDA | 23 | 23 | 36 | 33 | 40 +74% | 36 +57% | 38 +6% | 21 −36% |
| Net profit | 15 | 15 | 20 | 21 | 27 +80% | 23 +53% | 25 +25% | 13 −38% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −10.3% 1Y
1Y: ₹542.05 on 10 Sept 2025 → ₹486. High ₹593.05 (26 Nov 2025), low ₹347.5 (17 Aug 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.9%
- 17 Aug
- Q4 FY26
- −3.9%
- 27 May
- Q3 FY26
- −1.7%
- 11 Feb
- Q2 FY26
- +0.2%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 48.3% a year over 1 year, FY25 to FY26. Operating margin held at 23.4%.
| Year ending | FY25 | FY26 |
|---|---|---|
| Revenue | ₹424 Cr | ₹629 Cr |
| Operating profit | ₹100 Cr | ₹147 Cr |
| Operating margin | 23.6% | 23.4% |
| Interest | ₹14 Cr | ₹14 Cr |
| Depreciation | ₹7 Cr | ₹12 Cr |
| Net profit | ₹62 Cr | ₹96 Cr |
| Net margin | 14.6% | 15.3% |
| Cash from operations | ₹-10 Cr | ₹-18 Cr |
| Free cash flow | ₹-45 Cr | ₹-31 Cr |
| ROCE | 22.0% | 23.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity capital | ₹42 Cr | ₹51 Cr | ₹53 Cr |
| Reserves | ₹213 Cr | ₹510 Cr | ₹601 Cr |
| Borrowings | ₹85 Cr | ₹104 Cr | ₹90 Cr |
| Other liabilities | ₹146 Cr | ₹173 Cr | ₹150 Cr |
| Total liabilities | ₹486 Cr | ₹839 Cr | ₹894 Cr |
| Fixed assets | ₹159 Cr | ₹291 Cr | ₹292 Cr |
| Capital work in progress | ₹5 Cr | ₹3 Cr | ₹5 Cr |
| Investments | ₹9 Cr | ₹10 Cr | ₹7 Cr |
| Other assets | ₹312 Cr | ₹535 Cr | ₹591 Cr |
| Total assets | ₹486 Cr | ₹839 Cr | ₹894 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, DIIs added +3.85 pp while promoters trimmed −3.72 pp. The shareholder count grew 5% to 21,079.
- Promoters
- 44.5%
- FIIs
- 1.1%
- DIIs
- 7.6%
- Public
- 46.7%
Since Jun 2025
- DIIs +3.85 pp
- Promoters −3.72 pp
- FIIs −0.69 pp
How it drifted, 12 quarters
Over this window promoters fell from 53.9% to 44.5% — −9.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 53.9%, Public 46.1%.Dec '23: Promoters 54.6%, FIIs 0.0%, Public 45.4%.Mar '24: Promoters 49.9%, Public 50.0%.Jun '24: Promoters 50.1%, FIIs 0.3%, Public 49.5%.Sep '24: Promoters 50.8%, FIIs 0.2%, Public 49.0%.Dec '24: Promoters 48.7%, FIIs 2.1%, DIIs 2.1%, Public 47.2%.Mar '25: Promoters 49.1%, FIIs 1.8%, DIIs 2.1%, Public 47.0%.Jun '25: Promoters 48.3%, FIIs 1.8%, DIIs 3.8%, Public 46.1%.Sep '25: Promoters 46.0%, FIIs 1.5%, DIIs 5.0%, Public 47.5%.Dec '25: Promoters 46.0%, FIIs 1.3%, DIIs 5.9%, Public 46.8%.Mar '26: Promoters 45.8%, FIIs 1.2%, DIIs 7.5%, Public 45.5%.Jun '26: Promoters 44.5%, FIIs 1.1%, DIIs 7.6%, Public 46.7%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Procheta Consultants Private Limited +2.10 pp 12.52% held
- Bandhan Infrastructure Fund Mutual fund +0.31 pp 4.09% held
The same filing shows 10 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Kilburn Engg. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Firstview Trading Private Limited | 29.27% | −0.35 pp |
| Procheta Consultants Private Limited | 12.52% | +2.10 pp |
| Williamson Magor & Co Limited | 7.71% | −0.44 pp |
| Bandhan Infrastructure Fund Mutual fund | 4.09% | +0.31 pp |
| Vivaya Enterprises Private Limited | 2.64% | −0.15 pp |
| Ekta Credit Pvt Ltd | 2.59% | −0.14 pp |
| Mahindra Manulife Small Cap Fund Mutual fund | 1.70% | −0.09 pp |
| Kalathil Vijaysanker Kartha | 1.52% | −0.08 pp |
| Mcleod Russel India Limited | 1.51% | −0.09 pp |
| Everdeliver Logistics Private Limited | 1.07% | −0.06 pp |
| Khivraj Motors Private Limited | 1.02% | −0.06 pp |
| Ajay Kumar Aggarwal - 2 | 1.01% | −0.05 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
AttractiveTo justify its price of ₹486, this stock must grow earnings at 22% every year for 7 years. Our analysis caps realistic growth at ~46%. At that growth it is worth ₹1538 — upside of 216%.
- Growth the price implies
- 21.9% a year
- for 7 years, fading to 4%
- It has actually compounded at
- 46.0% a year
- net profit, FY25–FY26
- The gap
- -0.2 pp
- 216% downside if it only repeats history
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Kilburn Engg.
Guides on how to read this kind of business and the numbers that matter.