KIRLOSBROS

Kirloskar Brothers share price & financials

Price
₹1,868.2
Market cap
₹15.5k Cr
Sector
Capital Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 03 Aug 2026

Kirloskar Brothers Limited Q1 FY27

Consolidated Revenue 11,049 million +13%Consolidated EBITDA 1,306 million +2%Consolidated EBITDA Margin 11.8% Standalone PAT 540 million +15%

What went well

  • Consolidated revenue grew 13% YoY to Rs.11,049 million, reflecting strong market positioning and execution capabilities.
  • Standalone EBITDA grew 16% YoY to Rs.920 million, with PAT increasing 15% YoY to Rs.540 million.
  • Consolidated order intake increased 4% YoY to Rs.13,954 million, providing continued visibility for future growth.

What to watch

  • Consolidated EBITDA margin moderated to 11.8% (from 13% in Q4 FY26), primarily due to a lower contribution from the high-margin services business in SPP UK.
  • Inventory buildup of Rs.82 crores and delays in dispatches were noted due to foundry modernization and partially completed orders.
Read the full call →

What Kirloskar Brothers Limited does

Kirloskar Brothers Limited (KBL) designs, manufactures and sells centrifugal and other pumps, industrial valves, hydel (hydro) turbines and low-tension induction motors, and also executes EPC/turnkey pumping projects for irrigation, water supply, power, oil & gas, marine & defence, building & construction and industrial customers. It earns through a mix of made-to-stock small pumps sold to households and farmers, made-to-order and engineered-to-order large pumps for utilities and industry, and standalone EPC/project contracts (its international subsidiaries do not undertake EPC/project work). The group operates through KBL standalone plus domestic subsidiaries (Karad Projects and Motors, Kirloskar Ebara Pumps, The Kolhapur Steel, Kirloskar Corrocoat) and international subsidiaries (SPP Pumps in the UK/US/MENA, Rodelta Pumps and other Dutch entities, and South African entities) that manufacture and sell under the group's brands overseas.

Segments

  • Pumps
  • Valves
  • Hydel Turbines
  • Projects / EPC
Manufacturing facilities
10 domestic + 7 international
Countries with presence
120+ countries across 6 continents
Pump types manufactured
75+
Valve types manufactured
30+
SKUs
100,000+
Product offering range
250+
Founded 1888Headquarters Pune, India Company website

Guidance record · Q1 FY27

what the last two calls moved 14 tracked 1 delivered 5 missed 8 open
  • Standalone Business Revenue Growth missed said Q3 FY25 Promised: Double digit revenue growth in FY25 Q1 FY27: Promise period (FY25) has passed. No new updates.
  • EBITDA Margins at risk said Q4 FY26 Promised: Get back to the margin levels that we're looking for on a whole year basis Q1 FY27: Consolidated EBITDA margin moderated to 11.8% in Q1, down from 13.7% in FY26, due to mix issues in the international business. Management expects a recovery from Q2 onwards, but the quarter's performance puts the full-year target at risk.
  • Consolidated Revenue Growth on track said Q4 FY26 Promised: Strive for double-digit growth in FY27 Q1 FY27: Q1 FY27 consolidated revenue grew 13% YoY, aligning with the target. Management reiterated the guidance, stating 'we will strive for double-digit growth'.

All 14 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 12.9%, net profit up 0.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,036 1,144 1,281 979 1,028 −1%1,116 −2%1,415 +10%1,105 +13%
EBITDA142 166 190 112 108 −24%142 −14%182 −4%116 +4%
Net profit97 118 138 68 72 −26%125 +6%112 −19%68 +0%
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 −9.5% 1Y

₹1.4k₹1.6k₹1.8k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 4 Nov 2025Q3 FY26 — 6 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 3 Aug 2026

1Y: ₹1,971.4 on 10 Sept 2025 → ₹1,784. High ₹2,082.3 (17 Sept 2025), low ₹1,339.1 (30 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
−0.6%
3 Aug
Q4 FY26
−1.1%
15 May
Q3 FY26
+3.8%
6 Feb
Q2 FY26
−1.6%
4 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 6.7% a year over 3 years, FY23 to FY26. Operating margin widened to 12.0%.

Year endingFY23FY24FY25FY26
Revenue₹3.7k Cr₹4.0k Cr₹4.5k Cr₹4.5k Cr
Operating profit₹398 Cr₹520 Cr₹610 Cr₹544 Cr
Operating margin10.7%13.0%13.6%12.0%
Interest₹35 Cr₹27 Cr₹26 Cr₹30 Cr
Depreciation₹69 Cr₹79 Cr₹89 Cr₹100 Cr
Net profit₹237 Cr₹350 Cr₹419 Cr₹377 Cr
Net margin6.4%8.7%9.3%8.3%
Cash from operations₹329 Cr₹370 Cr₹386 Cr₹334 Cr
Free cash flow₹209 Cr₹259 Cr₹297 Cr₹204 Cr
ROCE22.0%27.0%28.0%20.0%
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 endingFY21FY22FY23FY24FY25FY26
Equity capital₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr₹16 Cr
Reserves₹1.1k Cr₹1.2k Cr₹1.4k Cr₹1.7k Cr₹2.2k Cr₹2.4k Cr
Borrowings₹331 Cr₹396 Cr₹286 Cr₹192 Cr₹219 Cr₹250 Cr
Other liabilities₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.4k Cr₹1.4k Cr₹1.7k Cr
Total liabilities₹2.7k Cr₹2.9k Cr₹3.0k Cr₹3.3k Cr₹3.8k Cr₹4.4k Cr
Fixed assets₹481 Cr₹532 Cr₹532 Cr₹634 Cr₹669 Cr₹702 Cr
Capital work in progress₹73 Cr₹27 Cr₹82 Cr₹32 Cr₹52 Cr₹58 Cr
Investments₹195 Cr₹333 Cr₹317 Cr₹410 Cr₹649 Cr₹758 Cr
Other assets₹2.0k Cr₹2.0k Cr₹2.1k Cr₹2.2k Cr₹2.4k Cr₹2.9k Cr
Total assets₹2.7k Cr₹2.9k Cr₹3.0k Cr₹3.3k Cr₹3.8k Cr₹4.4k 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, the public trimmed −0.61 pp while DIIs added +0.44 pp. The shareholder count shrank 4% to 64,065.

Promoters
66.0%
FIIs
6.4%
DIIs
10.2%
Public
17.4%

Since Jun 2025

  • Public −0.61 pp
  • DIIs +0.44 pp
  • FIIs +0.14 pp

How it drifted, 12 quarters

Over this window the public fell from 21.2% to 17.4% — −3.8 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 66.0%, FIIs 3.5%, DIIs 9.3%, Public 21.2%.Dec '23: Promoters 66.0%, FIIs 3.9%, DIIs 9.4%, Public 20.8%.Mar '24: Promoters 66.0%, FIIs 4.1%, DIIs 9.8%, Public 20.2%.Jun '24: Promoters 66.0%, FIIs 5.0%, DIIs 9.9%, Public 19.1%.Sep '24: Promoters 66.0%, FIIs 5.1%, DIIs 10.1%, Public 18.8%.Dec '24: Promoters 66.0%, FIIs 5.6%, DIIs 10.2%, Public 18.2%.Mar '25: Promoters 66.0%, FIIs 6.1%, DIIs 9.6%, Public 18.4%.Jun '25: Promoters 66.0%, FIIs 6.3%, DIIs 9.8%, Public 18.0%.Sep '25: Promoters 66.0%, FIIs 6.0%, DIIs 9.9%, Public 18.1%.Dec '25: Promoters 66.0%, FIIs 6.0%, DIIs 10.3%, Public 17.7%.Mar '26: Promoters 66.0%, FIIs 6.2%, DIIs 10.4%, Public 17.4%.Jun '26: Promoters 66.0%, FIIs 6.4%, DIIs 10.2%, Public 17.4%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Kirloskar Brothers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Kirloskar Industries Limited 23.91%unchanged
Sanjay Chandrakant Kirloskar 22.48%unchanged
Pratima Sanjay Kirloskar 17.44%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund5.70%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.22%unchanged
Long Term India Fund FPI fund1.13%unchanged
The New India Assurance Company Limited Insurer1.07%unchanged
Mahindra Manulife Value Fund Mutual fund1.02%−0.05 pp
Atul Kirloskar 0.59%unchanged
Jyotsna Gautam Kulkarni 0.56%unchanged
Rahul Chandrakant Kirloskar 0.51%unchanged
Prakar Investments Private Limited 0.34%unchanged

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.

Mutual funds in KIRLOSBROS

Filings to Aug 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹860 Cr
1 schemes
Biggest holder
Nippon India Small Cap Fund
₹860 Cr · 1.0% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹860 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+714%
vs est. average cost
Held by funds
₹860 Cr
1 schemes · ≈ 5.4% of the company

Shares held by these funds +4%

Aug '23 45.25 L shares Jul '26

What the price assumes

Expensive

To justify its price of ₹1784, this stock must grow earnings at 25% every year for 7 years. Our analysis caps realistic growth at ~17%. At that growth it is worth ₹1146 — downside of 36%.

Growth the price implies
25.4% a year
for 7 years, fading to 4%
It has actually compounded at
16.7% a year
net profit, FY23–FY26 · EPS 16.7%
The gap
0.1 pp
-36% downside if it only repeats history
Price today ₹1,784 Value at the reference growth ₹1,145.51

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Kirloskar Brothers Limited

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