Kirloskar Industries Limited (KIRLOSIND.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-517.6%

-₹13,634.93

vs ₹3,265.00 price

Levered DCF

₹5,506.62

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	16.27×	22.8×	20.64×	10.97×	7.81×	7.33×	4.54×	9.24×
P/B	0.41×	0.54×	0.82×	0.73×	0.65×	0.69×	0.42×	0.57×
P/S	0.37×	0.52×	0.65×	0.37×	0.41×	0.6×	0.23×	0.36×
EV / EBITDA	4.26×	5.44×	5.74×	3.54×	3.78×	2.99×	2.55×	3.44×
Gross margin	34.3%	12.7%	25.3%	15.9%	27.5%	33.2%	15.1%	11.5%
Operating margin	8.3%	7.9%	11.1%	11.4%	15.7%	19.3%	10.6%	8.5%
Net margin	2.3%	2.3%	3.2%	3.4%	5.2%	8.2%	5.1%	3.9%
Current ratio	1.18×	2.18×	1.71×	1.43×	1.18×	1.36×	1.41×	1.29×
Debt / equity	0.18×	0.2×	0.25×	0.3×	0.52×	0.17×	0.3×	0.09×
Interest coverage	4.54×	3.59×	5.73×	7.52×	18.97×	14.55×	10.82×	10.33×
Dividend yield	2.4%	1.8%	1.4%	2.0%	3.1%	1.1%	13.8%	5.7%
Payout ratio	39.3%	41.3%	28.7%	21.7%	24.3%	8.3%	62.4%	52.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.5%	2.4%	4.0%	6.7%	8.3%	9.4%	9.3%	6.2%
Return on invested capital	3.8%	3.2%	5.0%	8.1%	5.9%	11.7%	7.9%	6.6%
Return on assets	1.4%	1.3%	2.1%	2.9%	2.9%	5.1%	4.2%	3.4%
Free cash flow yield	13.1%	2.6%	1.9%	11.7%	-7.8%	3.0%	-31.5%	-6.7%
Earnings yield	6.1%	4.4%	4.9%	9.1%	12.8%	13.6%	22.0%	10.8%
Enterprise value	₹35.9B	₹46.2B	₹52.8B	₹32.7B	₹26.3B	₹14.5B	₹7.1B	₹9B
Net debt / EBITDA	1.19×	1.44×	1.27×	0.95×	1.6×	0.51×	0.99×	0.47×
Cash conversion cycle (days)	49	61	62	6	68	43	-18	28