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Kirloskar Brothers Limited (KIRLOSBROS) Fair Value & Analysis

Industrials · IN · Market cap ₹152B

KB Kirloskar Brothers Limited KIRLOSBROS · NSE
Price₹1,943
Fair Value₹1,266
Upside-34.8%
Quality53/100
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Healthy Growth
Thin margins · 8.2% net margin
Low debt · generates free cash flow
0.35% dividend yield
Mixed vs. peers (8/14)
Moderate moat 50/100
Evidence: High Range ₹795.26 – ₹1,868 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹703.57 to ₹1,266 (+80.0%) since Aug 6, 2026. Share price +4.0% over the past month.

A solid business, but screening 35% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹1,868). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹795.26 to ₹1,868) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,587 ₹226.51 Fair Value ₹1,266 Apr 2021 Aug 2026

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 ₹226.51 – ₹2,587 · fair‑value band ₹795.26 – ₹1,868 · the ₹1,943 price screens above the ₹1,266 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kirloskar Brothers Limited (KIRLOSBROS) currently trades at ₹1,943, while our model-based Fair Value estimate is ₹1,266, implying the stock looks roughly 34.8% overvalued today. The Quality Score stands at 53/100 (solid 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 Brothers Limited generated revenue of ₹45.4B at a net margin of 8.2%. Revenue grew 10.4% year over year. It earns a return on equity of 16.5%. The balance sheet holds a net cash position of ₹1.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹795.26 (bear case) to ₹1,868 (bull case); at ₹1,943, 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 18% below its 52-week high and 46% 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 -35%, KIRLOSBROS screens cheaper 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.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹353.32 ₹497.58 ₹702.20 80
Residual Income ₹313.26 ₹420.55 ₹1,283 76
Rev-Margin DCF ₹464.17 ₹740.41 ₹1,052 74
All 26 models by family
DCF Models
FCF DCF ₹347.31 ₹508.65 ₹751.37 38
Owner Earnings ₹521.21 ₹775.09 ₹1,157 31
5Y Revenue Exit ₹464.17 ₹742.88 ₹1,099 39
5Y EBITDA Exit ₹534.86 ₹873.72 ₹1,267 41
5Y P/E Exit ₹576.70 ₹951.15 ₹1,342 38
10Y Revenue Exit ₹403.32 ₹647.16 ₹973.78 36
10Y EBITDA Exit ₹463.51 ₹737.48 ₹1,101 37
10Y P/E Exit ₹490.07 ₹790.93 ₹1,157 35
Earnings-Based
Graham-Dodd ₹319.84 ₹942.79 ₹1,247 54
Lynch FV ₹197.55 ₹282.21 ₹366.87 50
PEG = 1.0 ₹197.55 ₹282.21 ₹366.87 46
EPV ₹467.43 ₹537.99 ₹599.73 59
Dividend Discount
Gordon GGM ₹64.06 ₹133.19 ₹211.29 70
DDM Multi-Stage ₹64.06 ₹103.45 ₹139.79 61
Multiples
P/E Multiple ₹740.80 ₹987.74 ₹1,235 63
P/S Multiple ₹599.70 ₹799.60 ₹999.49 58
P/B Multiple ₹599.70 ₹799.60 ₹999.49 55
EV/EBIT ₹756.96 ₹994.59 ₹1,232 53
EV/EBITDA ₹712.12 ₹934.81 ₹1,157 54
EV/Revenue ₹552.87 ₹770.93 ₹988.99 43
Asset-Based
NCAV (Graham) ₹155.15 ₹207.90 ₹310.29 50
Growth DCF
Growth DCF ₹353.32 ₹497.58 ₹702.20 80
Rev-Margin DCF ₹464.17 ₹740.41 ₹1,052 74
Economic Profit
Residual Income ₹313.26 ₹420.55 ₹1,283 76
ROIC Compounder ₹493.37 ₹611.63 ₹751.01 72
Growth Earnings
Growth-Adj P/E ₹601.33 ₹859.05 ₹1,117 68

Widest divergence: Growth Earnings (₹859.05) versus Dividend Discount (₹103.45). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹45.4B
Revenue growth (YoY) +10.4%
Net margin 8.2%
Return on equity 16.5%
Free cash flow ₹2.2B FY2026
P/E ratio 41.3
More key figures
Operating margin 10.9%
EPS (TTM) ₹47.03
Dividend yield 0.4%
EPS growth (YoY) -18.7%
Net cash ₹1.6B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 55 · Market factors (momentum, volatility) 60

Profitability 58
Margins and returns on capital today
Quality Growth 18
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 47
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Kirloskar Brothers Limited provides fluid management solutions worldwide. The company manufactures various pumps, including utility, solid handling, process, split-case, multi-stage, sump, vertical inline and turbine, non-clog submersible, special engineered, hydro turbines and PAT, and submersible pumps; and sluice/gate, non-return/check, globe, air, ball, …

Full company description

Kirloskar Brothers Limited provides fluid management solutions worldwide. The company manufactures various pumps, including utility, solid handling, process, split-case, multi-stage, sump, vertical inline and turbine, non-clog submersible, special engineered, hydro turbines and PAT, and submersible pumps; and sluice/gate, non-return/check, globe, air, ball, suction diffuser, triple duty, and butterfly valves. It also provides Lowest Life-cycle Cost pumps, PAT, PICO, and Kirloskar Remote Monitoring System; and sewage and dewatering, firefighting pumping systems, as well as heating, ventilation, and air conditioning systems. The company's products are used in water intake, water distribution, lift irrigation, desalination, sewage / sludge treatment, fire fighting system, flood-control, boiler-feed, HVAC, organic and in organic chemical, dewatering, pressure boosting, agriculture, and domestic applications. It serves chemical and pharma, sugar, steel, cement, coal and mining, paper, food and beverages, textile, tyre, building and construction, oil and gas, power, marine and defence, water resource management, irrigation, and retail pumps markets. Kirloskar Brothers Limited was founded in 1888 and is headquartered in Pune, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kirloskar Brothers Limited reported revenue of ₹45.4B in FY2026 versus ₹30.6B in FY2022, a compound +10.4%/yr. Reported net income was ₹3.7B in FY2026, compounding +41.1%/yr from FY2022.

Growth Quality 83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹45.4B
Latest YoY
+1.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.8%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+6.1%
Revenue +10.4%/yr
FY22 ₹30.6B
FY23 ₹37.3B
FY24 ₹40.0B
FY25 ₹44.9B
FY26 ₹45.4B
Net income +41.1%/yr
FY22 ₹943M
FY23 ₹2.3B
FY24 ₹3.5B
FY25 ₹4.2B
FY26 ₹3.7B
Character of growth · EPS growth decomposed (2015-2026) +36.9 % p.a.
Revenue per share +5.7 pp

of which total revenue +5.7 pp · buybacks/dilution +0.0 pp

EBIT margin −0.7 pp
Tax rate +3.3 pp
Residual (interest, one-offs) +28.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

KIRLOSBROS screens 35% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Kirloskar Brothers Limited Fair Value". https://www.fairvalue-calculator.com/stock/KIRLOSBROS

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.

Quality Score 53 · Below median
Fair Value upside −35% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 11% · Above median
Revenue growth 10% · Above median
Dividend yield (TTM) 0.4% · Bottom 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 41.3× · Pricier than median
P/B 6.18× · Pricier than 75% of peers
P/S (TTM) 3.36× · Pricier than median
P/FCF 0.7× · Cheaper than 75% of peers
EV/EBITDA 27.4× · Pricier than 75% of peers

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 · sector 0
FUTURE 52 · sector 22
PAST 66 · sector 28
HEALTH 99 · sector 95
DIVIDEND 7 · sector 27

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.

None of the checked exposures detected

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

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is Kirloskar Brothers Limited (KIRLOSBROS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,266 versus a price of ₹1,943, about −35% (overvalued).
What is the fair value of KIRLOSBROS?
Our model-based fair value for Kirloskar Brothers Limited is ₹1,266 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,943.
What is the quality score of KIRLOSBROS?
Kirloskar Brothers Limited has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Kirloskar Brothers Limited (KIRLOSBROS)?
Kirloskar Brothers Limited reported trailing-twelve-month revenue of about ₹45.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KIRLOSBROS?
The net profit margin of Kirloskar Brothers Limited is about 8.2%, meaning it keeps roughly 8.2% of revenue as net income. Based on the latest reported figures.
Does Kirloskar Brothers Limited pay a dividend?
Kirloskar Brothers Limited currently shows a dividend yield of about 0.35% relative to its recent price (as of Aug 13, 2026).

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.

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