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Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd Kirloskar Oil Engines’ (KOEL) 1QFY24 numbers came in line with our estimates. Standalone net sales stood at INR12.7bn, up 33% YoY, EBITDA came in at INR1.5bn; up 48% YoY and EBITDA margin stood at 12% (JMFe: 11.4%, +70bps YoY). B2B segment sales saw a healthy growth of 35% YoY though B2C recorded single digit growth 4% YoY. Management expects near term moderation in demand given pre-buying during the quarter though sales of CPCB 4+ gensets should start picking up from 4QFY24. Key growth...
Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd
Buy Kirloskar Oil Engines Ltd For Target Rs.580 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
24/08/2023 2:57:21 PM
Kirloskar Oil Engines Ltd : Strong performance continues, outlook positive; maintaining a Buy - Anand Rathi Share and Stock Brokers Strong performance continues, outlook positive; maintaining a Buy KOEL carried on with its promising performance in Q2. Focusing on new products and expanding its reach have paid off. Consolidated revenue (excl. financial services) grew ~20% y/y to Rs11.4bn from a mix of volume and price hikes. Exports were also good, revenue growing ~88% y/y. Further, good price realisation and segmental mix have enabled it to post superior profitability. We believe strong demand across segments, sharp...
Kirloskar Oil Engines Ltd : Strong performance continues, outlook positive; maintaining a Buy - Anand Rathi Share and Stock Brokers
Kirloskar Oil Engines Ltd : Strong performance continues, outlook positive; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
18/11/2022 12:42:55 PM
Kirloskar Oil Engines surges on planning to acquire balance equity stake of La Gajjar Machineries Kirloskar Oil Engines is currently trading at Rs. 241.10, up by 6.95 points or 2.97% from its previous closing of Rs. 234.15 on the BSE. The scrip opened at Rs. 236.15 and has touched a high and low of Rs. 242.30 and Rs. 235.00 respectively. So far 3368 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 271.80 on 08-Sep-2022 and a 52 week low of Rs. 122.60 on 07-Mar-2022. Last one week high and low of the scrip sto...
Kirloskar Oil Engines surges on planning to acquire balance equity stake of La Gajjar Machineries
Kirloskar Oil Engines surges on planning to acquire balance equity stake of La Gajjar Machineries
Source: Accord Fintech
22/09/2022 10:39:05 AM
Buy Kirloskar Oil Engines Ltd For Target Rs.279 - Anand Rathi Share and Stock Brokers Strong start to FY23, outlook positive; maintaining a Buy KOEL made a good start to FY23. Q1 consolidated revenue/PAT grew ~45%/~154% y/y with a 14.5% EBITDA margin. With government focus on infrastructure and Atma Nirbhar, and strong end-user demand pick-up, we expect better growth in the medium to longer term. Further, its efforts regarding exports (aiming at 15-18% growth) and better B2C margins (higher demand and prices) would prove to be the additional kicker. Hence, strong demand acr...
Buy Kirloskar Oil Engines Ltd For Target Rs.279 - Anand Rathi Share and Stock Brokers
Buy Kirloskar Oil Engines Ltd For Target Rs.279 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers Ltd
7/09/2022 2:21:37 PM
Buy Kirloskar Oil Engines Ltd For Target Rs.225 - JM Financial Services Volume growth coupled with price hikes drive performance Kirloskar Oil Engines (KOEL) 4QFY22 results came in ahead of estimates on all fronts. Standalone net sales were 7% above JMFe (INR9.9bn; +8% YoY), while EBITDA and PAT saw sharp bounce back sequentially. On 3-year CAGR basis, sales/EBITDA/PAT grew by 7.5%/6.1%/5.1%. KOEL took aggressive price hikes in 4Q which helped resuscitate gross margins, while management highlighted they have been able fill all the vacant spots post exit of 3 b...
Buy Kirloskar Oil Engines Ltd For Target Rs.225 - JM Financial Services
Buy Kirloskar Oil Engines Ltd For Target Rs.225 - JM Financial Services
Source: JM Financial Services Ltd
24/05/2022 11:17:55 AM
Kirloskar Oil Engine Q4 net profit jumps 64.46% at Rs 119.56 cr The company reported standalone net profit of Rs 119.56 crore for the quarter ended March 31, 2022 as compared to Rs 72.70 crore in the same period last year, registering a year-on-year growth of 64.46 per cent. Net revenue of the company rose moderately by 8.25 per cent at Rs 990.03 crore in January-March quarter of this fiscal as against Rs 914.58 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 11.33 per cent to Rs 887.42 crore from...
Kirloskar Oil Engine Q4 net profit jumps 64.46% at Rs 119.56 cr
Kirloskar Oil Engine Q4 net profit jumps 64.46% at Rs 119.56 cr
Source: Dion Global Solutions Ltd
20/05/2022 12:10:05 PM
Kirloskar Oil Engines trades higher on the BSE Kirloskar Oil Engines is currently trading at Rs. 200.65, up by 1.15 points or 0.58% from its previous closing of Rs. 199.50 on the BSE. The scrip opened at Rs. 200.85 and has touched a high and low of Rs. 204.40 and Rs. 198.20 respectively. So far 10991 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 277.80 on 23-Jul-2021 and a 52 week low of Rs. 94.50 on 26-Oct-2020. Last one week high and low of the scrip sto...
Kirloskar Oil Engines trades higher on the BSE
Kirloskar Oil Engines trades higher on the BSE
Source: Accord Fintech
6/10/2021 12:29:40 PM
Key News - Reliance Industries Ltd, HDFC Bank, Reliance Retail, Kirloskar Oil Engines Ltd, L&T Finance Holdings Ltd, HDFC Asset Management Company Ltd by ARETE Securities Key News RIL's retail business likely to grow 3x in next 3-5 years: Report Reliance Industries' (RIL) retail business is expected to grow three times in next the next three to five years at a robust CAGR of 35-40 per cent, said a Bernstein report. Digital or new commerce continues to scale up and contributes 10 per cent of sales, it said. It further said that, RIL's recently announced clean energy business may well be create a valuation of about $36 billion.   HDF...
Key News - Reliance Industries Ltd, HDFC Bank, Reliance Retail, Kirloskar Oil Engines Ltd, L&T Finance Holdings Ltd, HDFC Asset Management Company Ltd by ARETE Securities
Key News - Reliance Industries Ltd, HDFC Bank, Reliance Retail, Kirloskar Oil Engines Ltd, L&T Finance Holdings Ltd, HDFC Asset Management Company Ltd by ARETE Securities
Source: ARETE Securities Ltd
19/07/2021 9:08:04 AM
Kirloskar Oil Engine Q4 net profit jumps 56.01% at Rs 72.70 cr The company reported standalone net profit of Rs 72.70 crore for the quarter ended March 31, 2021 as compared to Rs 46.60 crore in the same period last year, registering a year-on-year growth of 56.01 per cent. Net revenue of the company rose substantially by 28.70 per cent at Rs 914.58 crore in January-March quarter of this fiscal as against Rs 710.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 23.92 per cent to Rs 797.11 cror...
Kirloskar Oil Engine Q4 net profit jumps 56.01% at Rs 72.70 cr
Kirloskar Oil Engine Q4 net profit jumps 56.01% at Rs 72.70 cr
Source: Dion Global Solutions Ltd
14/05/2021 10:22:59 AM