Kirloskar Oil Engines Limited (KIRLOSENG) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Kirloskar Oil Engines Limited ₹829, price ₹2,243, upside -63.0%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹117.90 – ₹2,553 · fair‑value band ₹558.38 – ₹1,036 · the ₹2,243 price screens above the ₹828.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Kirloskar Oil Engines Limited manufactures and distributes diesel engines, agricultural pump sets, electric pump sets, power tillers, generating sets, and spares in India and internationally. It operates in three segments: Business to Business, Business to Customer, and Financial Services.
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Kirloskar Oil Engines Limited manufactures and distributes diesel engines, agricultural pump sets, electric pump sets, power tillers, generating sets, and spares in India and internationally. It operates in three segments: Business to Business, Business to Customer, and Financial Services. The company offers power generation solutions, such as gensets, backup solutions, generator electrical, retrofit emission control device, and dual fuel kit for residential gensets, telecom, infrastructure, realty, hospitality, banks, defense, retail, healthcare, manufacturing, and data center; and industrial engines for excavation, construction, railways, mining, agriculture, fishery, defense, oil and gas, and fluid handling sectors. It also provides farm mechanization products, such as power tillers and weeders, rotary tillers, hand held tools, and allied products for agriculture sector; and water management solutions, such as diesel engines, electric and engine-based pumps, and alternators for retail, agriculture, and industrial sectors. In addition, the company offers annual maintenance contracts, spares, allied products, and after sales support services to customer support and service and retail channel sectors; and electric motors, organic waste, and firefighting solutions. Further, it provides financial services. The company was formerly known as Kirloskar Engines India Limited and changed its name to Kirloskar Oil Engines Limited in March 2010. Kirloskar Oil Engines Limited was founded in 1946 and is headquartered in Pune, India.
Stock analysis
Kirloskar Oil Engines Limited (KIRLOSENG) currently trades at ₹2,243, while our model-based Fair Value estimate is ₹828.80, 63.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,168 per share, and 0 of the 26 models we run sit above the ₹2,243 price.
Bear case: the Dividend Discount group reads lowest at ₹98.15, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹558.38 (bear) to ₹1,036 (bull), the price of ₹2,243 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Kirloskar Oil Engines Limited reported revenue of ₹77.0B in FY2026 versus ₹39.8B in FY2022, a compound +18.0%/yr. Reported net income was ₹5.7B in FY2026, compounding +34.7%/yr from FY2022.
Key figures
Market cap ₹327B (≈ $3.4B) · P/E ratio 60.0 · P/S ratio 4.47 · EPS (TTM) ₹37.40 · Dividend yield 0.3% · Net margin 7.5% · Return on equity 16.8% · Return on assets (EBIT) 9.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 159% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −63%, KIRLOSENG screens richer than that median.
Fair Value models
Bear ₹558.38Fair Value ₹828.80Bull ₹1,036
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹15.66 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+22.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+18.8%
Start year 2021 (pandemic). Over 10 years: +12.3% a year
Revenue growth 16 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+8.1%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+25.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.2%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.25.2% vs 13.2%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.9% → 16%
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+13.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +30.4% a year for the price and +8.9% for the forecasts.
Compare Kirloskar Oil Engines Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 791 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−63.0% · Bottom 25%
Profitability
Return on equity (TTM)16.8% · Top 25%
Return on assets7.4% · Top 25%
Net margin (TTM)6.9% · Above median
Operating margin (TTM)12.6% · Above median
Growth and dividend
Revenue growth13.4% · Above median
Dividend yield (TTM)0.3% · Bottom 25%
Balance sheet
Debt / equity0.86× · Highest 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)60.0× · Priciest 25%
P/B9.03× · Priciest 25%
P/S (TTM)4.11× · Priciest 25%
P/FCF53.7× · Priciest 25%
EV/EBITDA25.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)67· sector 28
PAST (return on equity)67· sector 27
HEALTH (low debt)57· sector 96
DIVIDEND (yield)6· sector 26
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Kirloskar Oil Engines Limited (KIRLOSENG) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹828.80 versus a price of ₹2,243, about −63% upside (overvalued).
What is the fair value of KIRLOSENG?
Our model-based fair value for Kirloskar Oil Engines Limited is ₹828.80 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹2,243.
What is the quality score of KIRLOSENG?
Kirloskar Oil Engines Limited has a Quality Score of 55/100. 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 price target for Kirloskar Oil Engines Limited (KIRLOSENG)?
Our model-based price target is the fair value of ₹828.80 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹558.38, optimistic scenario ₹1,036. It is a calculation from audited fundamentals, not an analyst target.
What is the Kirloskar Oil Engines Limited stock forecast for 2026?
Our models put fair value at ₹828.80, about −63% upside versus a price of ₹2,243 (overvalued). Cautious scenario ₹558.38, optimistic scenario ₹1,036. The calculation is refreshed regularly with new filings.
What is the revenue of Kirloskar Oil Engines Limited (KIRLOSENG)?
Kirloskar Oil Engines Limited reported trailing-twelve-month revenue of about ₹79.5B (latest available figure, as of Oct 1, 2026).
Does Kirloskar Oil Engines Limited pay a dividend?
Kirloskar Oil Engines Limited currently shows a dividend yield of about 0.29% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Kirloskar Oil Engines Limited (KIRLOSENG)?
For today's price to be fair in a discounted-cash-flow model, Kirloskar Oil Engines Limited would have to grow free cash flow by +35.8 % per year for five years (discount rate 11.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.8 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of KIRLOSENG use?
Our models discount Kirloskar Oil Engines Limited at 11.5 %: a base by market capitalisation (mid), damped by beta 0.72, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Kirloskar Oil Engines Limited that is +35.8 % per year a year over ten years, using the same discount rate (11.5 %) and the same formula as our fair value.
How much growth has Kirloskar Oil Engines Limited (KIRLOSENG) delivered so far?
Over the past 5 years revenue at Kirloskar Oil Engines Limited grew +18.8 % a year. The price currently implies +35.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Kirloskar Oil Engines Limited (KIRLOSENG) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Kirloskar Oil Engines Limited (+35.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Kirloskar Oil Engines Limited (KIRLOSENG)?
The free-cash-flow yield on the price is 1.86 %: that much free cash flow Kirloskar Oil Engines Limited produces per unit of market value. When it exceeds the discount rate of our models (11.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kirloskar Oil Engines Limited (KIRLOSENG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kirloskar Oil Engines Limited it is ₹828.80 per share (as of Oct 1, 2026), against a price of ₹2,243. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Kirloskar Oil Engines Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, KIRLOSENG trades above its calculated fair value: price ₹2,243, fair value ₹828.80, a gap of about −63% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KIRLOSENG?
No. The price is what the market pays today (₹2,243); the fair value is what the company's own numbers justify (₹828.80). For Kirloskar Oil Engines Limited the two are ₹1,414 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kirloskar Oil Engines Limited worth?
The market values Kirloskar Oil Engines Limited at about ₹327B (market capitalisation, as of Oct 1, 2026). Per share that is ₹2,243; our models calculate a fair value of ₹828.80 per share.
What do the bullish and bearish scenarios say about KIRLOSENG?
Our models span a range for Kirloskar Oil Engines Limited: cautious scenario ₹558.38, base ₹828.80, optimistic ₹1,036 per share (as of Oct 1, 2026, price ₹2,243). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KIRLOSENG?
Kirloskar Oil Engines Limited trades at a price-to-earnings ratio of 60.0 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹828.80 is built from several models across several years. Other multiples: P/B 9.0, P/S 4.1, EV/EBITDA 25.4.
How solid is the balance sheet of Kirloskar Oil Engines Limited (KIRLOSENG)?
Balance-sheet figures for Kirloskar Oil Engines Limited (as of Oct 1, 2026): return on equity 16.8%, debt of 0.86 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is KIRLOSENG from its 52-week high?
Kirloskar Oil Engines Limited trades at ₹2,243, about 12% below its 52-week high of ₹2,553 and 159% above the low of ₹866.48 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹828.80 is for.
Which stocks are comparable to Kirloskar Oil Engines Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kirloskar Oil Engines Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹2,243, calculated fair value ₹828.80 (−63%), Quality Score 55/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KIRLOSENG calculated?
We run Kirloskar Oil Engines Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹828.80, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Kirloskar Oil Engines Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kirloskar Oil Engines Limited (KIRLOSENG)?
The closing price on Oct 1, 2026 was ₹2,243. Our model-based fair value is ₹828.80, about −63% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kirloskar Oil Engines Limited right now?
The price sits above even our optimistic bull case (₹1,036). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹558.38 to ₹1,036) leaves room in how you read the outcome.
Where does the earnings growth of Kirloskar Oil Engines Limited (KIRLOSENG) come from?
Earnings per share at Kirloskar Oil Engines Limited grew +13.4 % a year from 2015 to 2026. Broken into its drivers: revenue per share +11.3 %, EBIT margin +10.8 %, tax rate +0.2 %, residual (interest, one-offs) −8.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kirloskar Oil Engines Limited
How large is the market capitalisation of Kirloskar Oil Engines Limited (KIRLOSENG)?
The market capitalisation of Kirloskar Oil Engines Limited is ₹327B (≈ $3.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kirloskar Oil Engines Limited (KIRLOSENG)?
The price-to-sales ratio of Kirloskar Oil Engines Limited is 4.47 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kirloskar Oil Engines Limited (KIRLOSENG)?
Earnings per share at Kirloskar Oil Engines Limited are ₹37.40 (price ÷ EPS = P/E 60.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kirloskar Oil Engines Limited (KIRLOSENG)?
The dividend yield of Kirloskar Oil Engines Limited is 0.3% (payout 17.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kirloskar Oil Engines Limited (KIRLOSENG)?
The net margin of Kirloskar Oil Engines Limited is 7.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kirloskar Oil Engines Limited (KIRLOSENG)?
The return on equity (ROE) of Kirloskar Oil Engines Limited is 16.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kirloskar Oil Engines Limited (KIRLOSENG)?
On an EBIT basis the return on assets of Kirloskar Oil Engines Limited is 9.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kirloskar Oil Engines Limited (KIRLOSENG)?
The operating margin of Kirloskar Oil Engines Limited is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kirloskar Oil Engines Limited (KIRLOSENG)?
Revenue at Kirloskar Oil Engines Limited is growing +13.4% versus a year earlier (3y avg +15.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kirloskar Oil Engines Limited (KIRLOSENG)?
Earnings per share at Kirloskar Oil Engines Limited are growing −19.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Kirloskar Oil Engines Limited (KIRLOSENG) carry?
The net debt of Kirloskar Oil Engines Limited is ₹41.2B (fiscal year 2026, ≈ 6.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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