Kirloskar Electric Co. Ltd. (KECL) AI Stock Analysis

Top Page

Kirloskar Electric Co. Ltd.

(NSE:KECL)

Select Model

Rating:49Neutral

Price Target:INR 107.00▲(3.28% Upside)

Action:reiterated

Date:10/29/26

The score is primarily constrained by weak cash generation and an exceptionally high P/E ratio. Revenue growth and a gradually improving balance sheet provide support, but below-trend technical momentum and fragile profitability leave the overall risk-reward profile unfavorable.

Positive Factors

Revenue RecoveryThe FY2026 revenue rebound indicates that demand recovered after the prior-year decline, providing a stronger base for the next several quarters. Sustained sales improvement would support factory utilization, customer retention, and the company’s ability to rebuild earnings from its industrial and utility markets.

Negative Factors

Weak Cash GenerationNear-zero free cash flow in FY2026 weakens confidence that reported earnings are converting into usable cash. If this pattern persists, it could constrain debt reduction, investment, and shareholder returns while increasing dependence on working-capital improvement or external financing.

Kirloskar Electric Co. Ltd. (KECL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.15B
Dividend Yield: ―
Average Volume (3M): 18.22K
Price to Earnings (P/E): 91.6
Beta (1Y): 2.22
Revenue Growth: 3.38%
EPS Growth: 234.48%
Country: India
Employees: 834
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Kirloskar Electric Co. Ltd. Business Overview & Revenue Model

Company Description

Kirloskar Electric Company Limited (KECL) is a manufacturer and global supplier of diverse electrical and electronic equipment, with operations spanning India and international markets. The company structures its business across Power Generation and...

How the Company Makes Money

KECL makes money primarily by manufacturing and selling electrical equipment and executing related engineering/services work for industrial and utility customers. Key revenue streams include: (1) Sale of rotating electrical machines—revenue generated...

Kirloskar Electric Co. Ltd. Financial Statement Overview

Summary

Revenue growth and balance-sheet improvement are offset by weak profitability and sharply deteriorated operating and free cash flow.

Income Statement

63Positive

Balance Sheet

70Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	5.62B	5.89B	5.44B	5.57B	4.74B	3.35B
Gross Profit	1.50B	972.30M	826.60M	835.90M	1.53B	873.77M
EBITDA	364.60M	385.00M	332.00M	447.46M	585.61M	1.03B
Net Income	74.60M	83.80M	37.40M	140.79M	310.80M	673.89M
Balance Sheet
Total Assets	0	6.33B	6.01B	6.40B	6.12B	6.14B
Cash, Cash Equivalents and Short-Term Investments	231.12M	231.12M	291.50M	211.50M	246.80M	475.12M
Total Debt	0	1.00B	1.16B	1.26B	1.33B	1.42B
Total Liabilities	-1.32B	5.01B	4.86B	5.58B	5.21B	5.38B
Stockholders Equity	1.32B	1.32B	1.15B	823.40M	918.30M	759.77M
Cash Flow
Free Cash Flow	59.50M	0	84.70M	340.79M	34.40M	343.12M
Operating Cash Flow	65.50M	19.50M	123.60M	365.70M	73.00M	349.64M
Investing Cash Flow	95.60M	161.70M	-38.80M	-21.20M	20.70M	1.03B
Financing Cash Flow	-232.70M	-157.80M	-103.80M	-306.47M	-333.00M	-1.09B

Kirloskar Electric Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price103.60

Price Trends

50DMA121.59Negative

100DMA122.33Negative

200DMA111.62Negative

Market Momentum

MACD-4.82Positive

RSI34.73Neutral

STOCH39.31Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KECL, the sentiment is Negative. The current price of 103.60 is below the 20-day moving average (MA) of 116.14, below the 50-day MA of 121.59, and below the 200-day MA of 111.62, indicating a bearish trend. The MACD of -4.82 indicates Positive momentum. The RSI at 34.73 is Neutral, neither overbought nor oversold. The STOCH value of 39.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KECL.

Kirloskar Electric Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KECL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHEL	71Outperform	INR 1.35T	46.87	―	0.49%	29.08%	415.38%
IN:ABB	70Outperform	INR 1.36T	45.48	―	0.61%	7.92%	66.43%
IN:CUMMINSIND	68Neutral	INR 1.23T	52.14	―	1.48%	15.30%	10.55%
IN:GREAVESCOT	57Neutral	INR 46.45B	46.37	―	1.00%	21.20%	22.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:SIEMENS	53Neutral	INR 1.17T	35.90	―	0.55%	-12.45%	12.44%
IN:KECL	49Neutral	INR 6.88B	91.63	―	―	3.38%	234.48%

* General Sector Average

Performance Comparison

IN:KECL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KECL	Kirloskar Electric Co. Ltd.	103.60	-13.55	-11.57%
IN:ABB	ABB India Limited	6403.00	1229.22	23.76%
IN:BHEL	Bharat Heavy Electricals Limited	387.35	123.20	46.64%
IN:CUMMINSIND	Cummins India Limited	4450.00	131.21	3.04%
IN:GREAVESCOT	Greaves Cotton Limited	199.40	-18.71	-8.58%
IN:SIEMENS	Siemens Limited	3285.00	174.88	5.62%

Kirloskar Electric Co. Ltd. Corporate Events

Kirloskar Electric shuts trading window ahead of September-quarter results

Sep 28, 2026

Kirloskar Electric Company Ltd. has announced the closure of its trading window for directors, promoters, designated employees, and connected persons from October 1, 2026, in line with SEBI’s Prohibition of Insider Trading Regulations and relev...

Kirloskar Electric Clarifies Preferential Issue Use Ahead of AGM

Aug 4, 2026

Kirloskar Electric Company Limited has issued a corrigendum to its notice convening the seventy ninth Annual General Meeting scheduled for August 13, 2026, which will be held via video conferencing and other audio visual means. The clarification foll...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 29, 2026

Kirloskar Electric Co. Ltd. AI Stock Analysis

Top Page