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Kirloskar Electric Company (KECL) Fair Value & Analysis

Industrials · IN · Market cap ₹8.1B

KE Kirloskar Electric Company KECL · NSE
Price₹122.03
Fair Value₹20.19
Upside-83.5%
Quality46/100
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Evidence: High Range ₹19.87 – ₹33.12

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price +7.9% over the past month.

Price vs Fair Value (12 months)

₹148.91 ₹78.89 Fair Value ₹20.19 Jul 2025 Jul 2026

12‑month range ₹78.89 – ₹148.91 · fair‑value band ₹19.87 – ₹33.12 · the ₹122.03 price screens above the ₹20.19 fair value. As of Jul 3, 2026.

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Analysis

Kirloskar Electric Company (KECL) currently trades at ₹122.03, while our model-based Fair Value estimate is ₹20.19 — implying the stock looks roughly 83.5% overvalued today. We read business quality at 46/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Kirloskar Electric Company generated revenue of ₹5.9B at a net margin of 1.4%. Revenue grew 26.7% year over year. It earns a return on equity of 6.8%. Net debt stands at ₹684M. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹5.9B
Revenue growth (YoY) +26.7%
Net margin 1.4%
Return on equity 6.8%
Free cash flow ₹254M FY2026
P/E ratio 96.8
More key figures
Operating margin 3.7%
EPS (TTM) ₹1.26
EPS growth (YoY) +589%
Net debt ₹684M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

Kirloskar Electric Company Limited engages in the manufacturing and sale of various electrical equipment in India and internationally. The company operates through Power Generation and Distribution Group, Rotating Machines Group, and Others segments. Its products include AC high and low voltage motors; AC generators; DC motors; DG sets; electronics, such as AC and DC drives, battery chargers, and uninterruptible power supply systems; and switchgears, including vacuum circuit breakers, SF6 circuit breaker, unitized package substations, panels, and porcelain clad vacuum circuit breakers. The company also provides traction products, such as dynamic breaking resistors, AC and DC traction motors, traction alternators, and radiator cooling fans; and cast resin, distribution, power, energy, and special transformers. It serves defense, metro rail, nuclear power, sugar, power transmission and distribution, data centers, pharmaceutical, water and irrigation, electronics, fertilizer, textile, …

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kirloskar Electric Company reported revenue of ₹5.9B in FY2026 versus ₹3.3B in FY2022, a compound +15.2%/yr. Reported net income was ₹83.8M in FY2026, compounding −40.6%/yr from FY2022.

Revenue +15.2%/yr
FY22 ₹3.3B
FY23 ₹4.7B
FY24 ₹5.6B
FY25 ₹5.4B
FY26 ₹5.9B
Net income −40.6%/yr
FY22 ₹674M
FY23 ₹311M
FY24 ₹141M
FY25 ₹37.4M
FY26 ₹83.8M

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Frequently asked questions

Is Kirloskar Electric Company (KECL) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹20.19 versus a price of ₹122.03 — about −83% (overvalued). Model-based estimate, not financial advice.
What is the fair value of KECL?
Our model-based fair value for Kirloskar Electric Company is ₹20.19 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹122.03.
What is the quality score of KECL?
Kirloskar Electric Company has a Quality Score of 46/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Kirloskar Electric Company (KECL)?
Kirloskar Electric Company reported trailing-twelve-month revenue of about ₹5.9B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of KECL?
The net profit margin of Kirloskar Electric Company is about 1.4%, meaning it keeps roughly 1.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.