KIRLPNU

Kirloskar Pneumatic Company share price & financials

Price
₹1,950
Market cap
₹9.4k Cr
Sector
Capital Goods
Calls analysed
7
Latest concall · Q1 FY27 · call held 22 Jul 2026

Kirloskar Pneumatic Company Limited Q1 FY27

Revenue from Operations ₹300 cr +10%EBITDA ₹54 cr EBITDA Margin 17.6% PAT ₹34.1 cr

What went well

  • Highest ever Q1 revenue of INR300 crores, up 10% from INR272 crores in Q1 FY26.
  • EBITDA grew over 20% to INR54 crores, with margin improving to 17.6% from 15.7% in Q1 FY26.
  • PAT grew to INR34.1 crores (11.1% margin) from INR28.1 crores (10% margin) in Q1 FY26.

What to watch

  • Geopolitical uncertainty in the Middle East caused temporary slowdown in capex decisions and order finalization for the package business.
  • Order booking for process gas was muted due to Middle East crisis, leading to delays in large orders abroad.
Read the full call →

What Kirloskar Pneumatic Company Limited does

Kirloskar Pneumatic Company Limited (KPCL), a Kirloskar Group company, designs and manufactures industrial compression, refrigeration and gas-handling equipment along with precision-engineered components. Its Compression business makes air compressors (centrifugal, screw and reciprocating), process gas systems for upstream/midstream/downstream oil & gas and CNG/compressed-biogas applications, and air conditioning & refrigeration equipment including vapour absorption chillers, sold mainly to petrochemical, oil & gas, pharmaceutical, chemical, steel, power and food-processing customers. A smaller Transmission, Forging & Fabrication business supplies industrial gearboxes, forgings, fabrication, foundry castings and loco transmissions to railways and heavy engineering customers. The company manufactures at three plants in Pune and Nashik plus one subsidiary facility, and reaches customers through a pan-India dealer network and sales presence in the Middle East, Africa and South East Asia.

Segments

  • Compression
  • Other (Transmission, Forging & Fabrication)
Manufacturing plants
3 plants (Hadapsar-Pune, Saswad-Pune district, Eklahare-Nashik) plus 1 subsidiary manufacturing facility
Total employees
926
In-house engineering/R&D team
200+ engineers
Pan-India dealer network
56 dealers
Regional offices
10, spanning North, West, East and South India
International presence
Sales representative office in Dubai plus sales reach into Africa and South East Asia
Founded 1974Headquarters Pune, Maharashtra, IndiaEmployees 926 (FY2025-26 (year ended Ma) Company website

Guidance record · Q1 FY27

what the last two calls moved 19 tracked 6 delivered 5 missed 8 open
  • Zephyros Commercialization delivered said Q4 FY26 Promised: Commercialized in Q1 FY27 Q1 FY27: Management confirmed revenue contribution from Zephyros in Q1 FY27, although 'not meaningful', and stated order booking would begin in July (start of Q2), meeting the commercialization goal.
  • Precision Engineering Segment Reporting missed said Q4 FY26 Promised: Become a reportable segment from Q1 FY27 onwards Q1 FY27: The Q1 FY27 segment breakdown did not list Precision Engineering as a separate reportable segment, only providing a 'Compression Segment'. This misses the commitment to make it reportable from Q1.
  • FY27 EBITDA Margin at risk said Q4 FY26 Promised: 18% to 20% Q1 FY27: Q1 EBITDA margin was 17.6%, slightly below the target range. Management reiterated the long-term commitment: 'our commitment has always been that we will keep our EBITDA between 18% and 20%.'

All 19 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.3%, net profit up 21.4% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue431 340 583 272 378 −12%404 +19%706 +21%300 +10%
EBITDA94 48 110 36 58 −38%81 +69%186 +69%46 +28%
Net profit68 36 81 28 43 −37%43 +19%144 +78%34 +21%
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 −43.2% 1Y

₹1.0k₹1.5k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 28 Oct 2025Q3 FY26 — 23 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 22 Jul 2026

1Y: ₹1,268.5 on 10 Sept 2025 → ₹719.9. High ₹1,950 (19 Jun 2026), low ₹714.6 (31 Aug 2026).

How the price took the results

close before → close after

Q1 FY27
−1.1%
22 Jul
Q4 FY26
+8.3%
27 Apr
Q3 FY26
−4.1%
23 Jan
Q2 FY26
−0.6%
28 Oct

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 12.4% a year over 3 years, FY23 to FY26. Operating margin widened to 20.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.2k Cr₹1.3k Cr₹1.6k Cr₹1.8k Cr
Operating profit₹166 Cr₹203 Cr₹291 Cr₹361 Cr
Operating margin13.4%15.3%17.9%20.5%
Interest₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Depreciation₹34 Cr₹35 Cr₹29 Cr₹31 Cr
Net profit₹108 Cr₹133 Cr₹212 Cr₹258 Cr
Net margin8.7%10.1%13.0%14.7%
ROCE20.0%22.0%28.0%30.0%
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₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr₹13 Cr
Reserves₹576 Cr₹646 Cr₹782 Cr₹912 Cr₹1.1k Cr₹1.2k Cr
Borrowings₹40 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr₹0 Cr
Other liabilities₹296 Cr₹365 Cr₹333 Cr₹460 Cr₹504 Cr₹487 Cr
Total liabilities₹924 Cr₹1.0k Cr₹1.1k Cr₹1.4k Cr₹1.6k Cr₹1.7k Cr
Fixed assets₹175 Cr₹229 Cr₹223 Cr₹232 Cr₹322 Cr₹336 Cr
Capital work in progress₹8 Cr₹11 Cr₹24 Cr₹35 Cr₹4 Cr₹7 Cr
Investments₹223 Cr₹205 Cr₹246 Cr₹358 Cr₹574 Cr₹478 Cr
Other assets₹518 Cr₹579 Cr₹637 Cr₹760 Cr₹744 Cr₹918 Cr
Total assets₹924 Cr₹1.0k Cr₹1.1k Cr₹1.4k Cr₹1.6k Cr₹1.7k 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, FIIs added +3.27 pp while DIIs trimmed −2.23 pp. The shareholder count shrank 2% to 64,033.

Promoters
38.8%
FIIs
10.4%
DIIs
26.0%
Public
24.8%

Since Jun 2025

  • FIIs +3.27 pp
  • DIIs −2.23 pp
  • Public −0.98 pp

How it drifted, 12 quarters

Over this window FIIs went from 1.1% to 10.4% — +9.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 39.0%, FIIs 1.1%, DIIs 31.8%, Public 28.1%.Dec '23: Promoters 38.9%, FIIs 1.3%, DIIs 32.3%, Public 27.5%.Mar '24: Promoters 38.9%, FIIs 1.7%, DIIs 32.1%, Government 0.0%, Public 27.2%.Jun '24: Promoters 38.9%, FIIs 3.9%, DIIs 31.5%, Government 0.1%, Public 25.6%.Sep '24: Promoters 38.9%, FIIs 5.5%, DIIs 31.9%, Government 0.1%, Public 23.7%.Dec '24: Promoters 38.9%, FIIs 8.0%, DIIs 28.9%, Government 0.1%, Public 24.1%.Mar '25: Promoters 38.9%, FIIs 7.7%, DIIs 29.1%, Government 0.1%, Public 24.2%.Jun '25: Promoters 38.8%, FIIs 7.1%, DIIs 28.2%, Government 0.1%, Public 25.8%.Sep '25: Promoters 38.8%, FIIs 6.8%, DIIs 28.2%, Government 0.1%, Public 26.1%.Dec '25: Promoters 38.8%, FIIs 6.7%, DIIs 28.2%, Government 0.1%, Public 26.1%.Mar '26: Promoters 38.8%, FIIs 9.6%, DIIs 26.5%, Government 0.0%, Public 25.1%.Jun '26: Promoters 38.8%, FIIs 10.4%, DIIs 26.0%, Public 24.8%.

Who was buying across the market this quarter →

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.

The same filing shows 2 holders trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

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

HolderStakeChange
Rahul Chandrakant Kirloskar as individual, as a Karta of Rahul C. Kirloskar HUF and as a Trustee of C. S. Kirloskar Testamentary Trust 11.54%unchanged
Kirloskar Industries Limited 9.89%unchanged
Atul Chandrakant Kirloskar as individual and as a Karta of Atul C. Kirloskar HUF 9.40%unchanged
TATA Mutual Fund - A/C TATA Small Cap Fund & Others Mutual fund8.22%unchanged
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund6.33%unchanged
Aditi Atul Kirloskar 3.18%unchanged
Amansa Holdings Private Limited FPI fund3.09%+0.10 pp
Alpana Rahul Kirloskar 3.05%unchanged
HSBC Small Cap Fund, HSBC Infrastructure Fund & Small Cap Fund Mutual fund2.92%unchanged
Investor Education and Protection Fund 2.56%unchanged
Franklin Build India Fund & Franklin India Small Cap Fund Mutual fund1.82%−0.14 pp
HDFC Trustee Company Ltd A/C HDFC Children Fund & others Mutual fund1.63%−0.15 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.

Mutual funds in KIRLPNU

Filings to Aug 2026

0 new, 0 added, 1 trimmed, 0 sold out — net −1.00 L shares (−1.1%).

Held by funds
₹729 Cr
2 schemes
Biggest holder
Nippon India Small Cap Fund
₹587 Cr · 0.7% of that fund
SchemeHoldingLast month
Nippon India Small Cap Fund Nippon India Mutual Fund₹587 Crheld
HDFC Children's Fund HDFC Mutual Fund₹142 Cr−1.00 L

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, 1 trimmed — net −1.00 L shares (−1.1%)

Funds are sitting on
+664%
vs est. average cost
Held by funds
₹729 Cr
2 schemes · ≈ 19% of the company
Biggest holder
Nippon India Small Cap Fund
₹587 Cr · 0.7% of that fund

Shares held by these funds +22%

Aug '23 50.68 L shares Jul '26

What the price assumes

Attractive

To justify its price of ₹720, this stock must grow earnings at 10% every year for 7 years. Our analysis caps realistic growth at ~33%. At that growth it is worth ₹2333 — upside of 224%.

Growth the price implies
10.2% a year
for 7 years, fading to 4%
It has actually compounded at
33.7% a year
net profit, FY23–FY26 · EPS 33.3%
The gap
-0.2 pp
224% downside if it only repeats history
Price today ₹719.9 Value at the reference growth ₹2,332.64

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse Kirloskar Pneumatic Company Limited

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