Kirloskar Brothers Limited: Value Pick Stock, Update
Update:
Q2 FY 2019-20 Numbers
Kirloskar Brothers Limited (KBL) – a flagship company of the Kirloskar group has posted its Q2 Numbers today during the market hours. Standalone quarterly numbers for Kirloskar Brothers are:
Revenue from operations at INR 482.30 Cr in September 2019 down 1.21 percent year-on-year from INR 488.2 Cr in September 2018. However, the Q-O-Q revenue grew by 2.03 percent (INR 472.7 Cr for June 2019)
Quarterly Net Profit at INR 94 Cr in September ’19 up 46.88 percent quarter-on-quarter from INR 64 in June ’19. However, year-on-year profit declined by 53 percent (INR 200 Cr September 2018)
Read: Relaxo Footwear quarterly numbers
Kirloskar Bros EPS has increased to Rs. 1.18 in September 2019 from Rs. 0.81 in June 2019.
Kirloskar Brothers shares closed at INR 147.25 on November 04, 2019 (NSE) and is trading below its 200 EMA (174) and 50 EMA (154)
Must Read: Finblab Value Pick Stock “Polycab India Ltd“
05 March, 2019
Kirloskar Brothers Limited (KBL) is a world class pump manufacturing company with expertise in engineering and manufacture of systems for fluid management.
History: Kirloskar Brothers Limited
Established in the year 1888 and incorporated in 1920, KBL is the flagship company of the $ 2.1 billion Kirloskar Group. KBL, a market leader, provides complete fluid management solutions for large infrastructure projects in the areas of water supply, power plants, irrigation, oil & gas and marine & defence.
Business
Kirloskar Brothers is an ISO 9001:2000 certified company manufactures a wide range of pumps, valves, anti-corrosion products, hydel turbines, and other products. It undertakes projects in fluid-handling, turnkey fluid-handling projects in irrigation, power, process, water supply and sewerage, turnkey small hydel projects and protective surface coating.
Products
Company’s product portfolio can be broadly classified into 5 categories –
- Pumps: End Suction Pump, Monobloc Pump, Split Case Pump, Submersible Pump, Multistage Pump, Sump Pump, Vertical Turbine Pump, Special & Engineered Pump
- Valves: Butterfly Valve, Sluice valve, Non Return Valve, Kinetic Air Valve, Foot Valve, FM Approved Gate Valve, Cast Steel Gate Valve, Cast Steel Globe Valve, Cast Steel Check Valve, Ball Valve, Steam Trap Device, Forged Steel Gate, Globe, Check Valve, Suction Diffuser & Triple, Duty Valve
- Hydro Turbines: Francis Turbines, Kaplan Turbines, Pelton Wheel Turbines
- Packaged Systems: HYPN, Eterna, Fire Fighting System, HVACR System, Condition Monitoring System, Solar Pumping System
- Mobile Pump Controller
Manufacturing Facilities
KBL has 8 manufacturing facilities in India at Kirloskarvadi, Dewas, Kondhapuri, Shirwal, Sanand, Kaniyur, Kolhapur and Karad. In addition, KBL has global manufacturing and packaging facilities in Egypt, South Africa, Thailand, The Netherlands, United Arab Emirates, UK and USA.
Partners
KBL has 12,700 channel partners in India and 80 overseas and is supported by best-in-class network of authorised centres and Authorised refurbishment centres across the country.
Special Feature
Kirloskar Brothers Limited is the only pump manufacturing company in India and 9th in the world to be accredited with the N and NPT certification by American Society of Mechanical Engineers (ASME)
Listed On
The shares of Kirloskar Brothers Limited are presently listed at Bombay Stock Exchange (BSE); CODE – 500241 and National Stock Exchange (NSE) as KIRLOSBROS
Stock Info – Kirloskar Brothers Limited
Share Holding Pattern
Financials – Kirloskar Brothers Limited
Conclusion
Kirloskar Brothers Limited (KBL) is a part of the century old Kirloskar Group
The company is backed by sound management and the promoters are having steady stake (more than 65%) since last 4 quarters
During Q3 FY 2018-19 Net Sales for the company stood at INR 518.00 Cr up 17.17% from INR 442.10 Cr in December 2017 while the quarterly Net Profit stood at INR 12.90 Cr in December 2018 up 41.76% from INR 9.10 Cr in December 2017.
Along with this, some of the well-known institutions like The New India Assurace Company Limited, Warburg, Reliance Capital, General Insurance Corporation of India, and ICICI Prudential Life Insurance Company Limited are having more than 1% stake in the company.
On the technical front, the share prices of KBL is trading above important moving averages like the 50 EMA and marginally lower to its 200 EMA on the daily chart.
Considering the above mentioned factors, Kirloskar Brothers Limited looks good at INR 175. Finblab recommends investing in the stock in staggered manner for medium to long term. (One can accumulate on decline also)
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Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
