Kirloskar Electric Company Limited (KECL) Fair Value & Analysis

Industrials · IN · Market cap ₹8.1B

Below-average quality, and screening another 85% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹26.25). The favourable scenario is already priced in.
• Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹12.95 – ₹246.33 · fair‑value band ₹19.87 – ₹26.25 · the ₹137.50 price screens above the ₹20.19 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kirloskar Electric Company Limited (KECL) currently trades at ₹137.50, while our model-based Fair Value estimate is ₹20.19, implying the stock looks roughly 85.3% overvalued today. The Quality Score stands at 38/100 (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 Limited 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 Aug 13, 2026

Our scenario range runs from ₹19.87 (bear case) to ₹26.25 (bull case); at ₹137.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 8% below its 52-week high and 82% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -85%, KECL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Dividend Discount (₹179.52) versus Growth DCF (₹1.82). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

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.

Full company description

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, steel and metals, building and infrastructure, oil and gas refineries, railways, thermal, mining, port and shipping, IT and telecom, FMCG, green hydrogen, renewable, chemical, automobile, paper, and cement industries. Kirloskar Electric Company Limited was incorporated in 1946 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kirloskar Electric Company Limited 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.

KECL screens 85% overvalued. Compare with GE Vernova Inc →

Peer Group

Specialty Industrial Machinery · 805 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.