Kirloskar Oil Engines Ltd (KIRLOSENG)

Motilal Oswal Recommends Buying Kirloskar Oil Engines with a Target Price of Rs 1,220 - 15 May, 2024

Kirloskar Oil Engines reported YoY growth in revenue/EBITDA/PAT for Q4 and FY24. Motilal Oswal recommends buying the stock with a target price of Rs 1,220 due to improved product mix, higher export sales, improving margins in B2C operations, and promising performance of Arka Fincap.

Kirloskar Oil Engines Reports Strong FY 2024 Results - 12 May, 2024

Kirloskar Oil Engines reported an 18% YoY increase in revenue and a 33% YoY increase in net income for FY 2024. The company's profit margin also improved to 7.5%. EPS exceeded analyst estimates by 11%. Looking ahead, the company is forecasted to grow at an average rate of 7.5% p.a. over the next two years. Shares are up 2.4% from a week ago.

Kirloskar Oil Engines Reports Strong Q4 Results - 11 May, 2024

Kirloskar Oil Engines reports strong Q4 results with significant YoY growth in topline and profit. The company has a market cap of ₹15284.19 Cr and receives a Strong Buy rating from all three analysts covering the stock.

Kirloskar Oil Engines Receives Buy Call from Motilal Oswal - 10 May, 2024

Kirloskar Oil Engines receives a buy call from Motilal Oswal with a target price of Rs 1220. The company reports consistent earnings growth and an ROCE in line with industry averages.

Kirloskar Oil Engines Reports Strong Q4 Results and Recommends Dividend - 09 May, 2024

Kirloskar Oil Engines reported a 26% growth in standalone net profit to Rs 128 crore in Q4FY24. The company also recommended a final dividend of Rs. 3.50 per equity share for FY23-24. Shares rose as much as 13.14% to hit a record high.

Kirloskar Oil Engines Reports Strong Financial Performance - 08 May, 2024

Kirloskar Oil Engines reports strong financial performance for Q4 FY24 and full fiscal year 2023-24, with significant increases in net sales, EBITDA growth, and net profit. The company also achieved a milestone with export revenues crossing Rs 500 crore for the first time.

Kirloskar Oil Engines Ltd Stock Shows Bullish Trend - 24 Apr, 2024

The stock price of Kirloskar Oil Engines has broken out from the downward sloping trend line on the daily chart, accompanied by a rise in volumes. The primary trend of the stock is bullish with higher tops and higher bottoms on the weekly chart. Indicators and oscillators have been showing strength in the current uptrend.

Kirloskar Oil Engines Stock Breaks Out From Trendline - 23 Apr, 2024

Kirloskar Oil Engines' stock price has broken out from a downward sloping trendline on the daily chart, accompanied by a rise in volumes. The company's ROE is close to the industry average at 15%, but its high debt-to-equity ratio of 1.35 increases risk and reduces options for the company in the future.

SEBI Directs KOEL and KBL to Disclose 2009 Family Settlement Deed - 16 Apr, 2024

The Securities Exchange Board of India has directed Kirloskar Oil and Engines (KOEL) and Kirloskar Brothers (KBL) to disclose their 2009 Deed of Family Settlement pursuant to the amendment in its 2015 LODR Regulations, in a new development in the family dispute.