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← CockpitCompetitor Analysis › KIRLOSBROS.NS Kirloskar Brothers Ltd.Open in the cockpit ↗

Kirloskar Brothers Ltd.KIRLOSBROS.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Industrial Machinery

Kirloskar Group company manufacturing pumps for agriculture, water supply, power and industrial applications.

≈ India's smaller Xylem/Flowserve for pumpsMomentum weak 31
Mkt cap
$1.37B
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$2.37M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+1.2 pp
WACC 15.9%
Hurdle
+23 pp
Req g minus delivered
Next earnings
97 days
11 Feb 2027
Close · INR₹1,630
1D-3.0%
1W+1.8%
1M-4.8%
3M-16.8%
6M-7.5%
YTD+1.2%
1Y-14.5%
ATR %4.6%
Beta1.12
52w lowhigh25.5% off high

What Kirloskar Brothers does

Kirloskar Group company manufacturing pumps for agriculture, water supply, power and industrial applications.

Sells pumps both as standard products and as part of large water-supply and irrigation projects won by tender and delivered over many months, so its order book follows government spending. Spare parts and service for its installed base repeat. It is one of the older Kirloskar group companies, founded in 1888.

In one line: India's smaller Xylem/Flowserve for pumps.

Products and services

  • Agricultural/irrigation pumps
  • Industrial & power-plant pumps
  • Water/wastewater project pumps

Customers

  • Farmers/irrigation projects
  • Power plants
  • Municipal water utilities

Where it sits in the supply chain

  • Capital goods
  • Fluid management equipment
  • Pumps & pumping systems

What could go right

  • Irrigation/water infrastructure capex
  • Industrial capex cycle

What could go wrong

  • Agri-demand seasonality
  • Commodity input cost swings

Moat: narrow (brand, process know-how, installed base). Long-standing Kirloskar brand heritage and engineering expertise across diverse pump applications.

Headquarters: Pune, India · Founded: 1888 · Employees: 6,000

Named competitors

Kirloskar Brothers at a glance

Size Kirloskar Brothers (KIRLOSBROS.NS) is an India Industrials company (Industrial Machinery) with a market value of $1.37B, the 497th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,630 on 6 Nov 2026.

Performance Over six months the shares fell 7.5%, against -32.6% for the median peer and 0.0% for the India market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 10.8% over the last twelve months (peer median +22.3%); the operating margin is 9.2% (peer median 10.0%).

Valuation It trades at 2.5× enterprise value to sales against a peer median of 5.1× (6th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +23 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.2 points above its cost of capital (15.9% WACC).

Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026KIRLOSBROS.NS 94Peer median 68
Six months, rebased to 100: Kirloskar Brothers against the median of its 20 peers (local-currency closes).

Kirloskar Brothers financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹49.1B₹45.4B₹44.9B₹40.0B₹37.3B
Revenue growth—+1%+12%+7%—
Gross profit₹14.8B₹9.48B₹11.0B₹9.10B₹8.15B
EBITDA₹5.64B₹5.53B₹6.15B₹5.24B₹4.23B
Net income₹3.76B₹3.74B₹4.15B₹3.48B₹2.35B
Free cash flown/a₹2.15B₹3.23B₹2.64B₹1.88B
Capital expendituren/a₹1.35B₹896M₹1.12B₹1.33B
Total debt₹2.88B₹2.50B₹1.82B₹1.92B₹2.86B

Quarterly statements and history in the cockpit →

Kirloskar Brothers competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-40%-20%0%6886988021603915SRL6036013013693013926885593013387734688605339361823030300415000837603185301128KIRLOSBROS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Kirloskar Brothers is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%+80%0×5×10×15×68869880216039156036013013693013926885593013387734688605339361823030688059300415000837603185301128KIRLOSBROS.NSRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kirloskar Brothers is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%603915603601688559773433933030300415KIRLOSBROS.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Kirloskar Brothers is the large dot.

Kirloskar Brothers competitors and peer comparison

Head to head with its named competitors (KIRLOSBROS.NS vs KSB.NS vs XYL)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Kirloskar Brothers KIRLOSBROS.NS$1.37B-8%+11%9%2.5×33.9%
KSB KSB.NS$1.16B-30%+8%10%3.8×35.3%
Xylem XYL$22.4B-14%+2%16%2.8×12.1%

How Kirloskar Brothers compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Kirloskar Brothers against its 20 peers (data as of 6 Nov 2026)
MeasureKIRLOSBROS.NSPeer medianRank in peer set
1-month return-4.8%-18.9%6th highest of 20
6-month return-7.5%-32.6%3rd highest of 20
Distance from 52-week high-25.5%-60.5%highest of 20
Revenue growth (TTM)+10.8%+22.3%5th lowest of 20
Operating margin9.2%10.0%10th lowest of 20
EV / Sales2.5×5.1×6th cheapest of 19
Growth the price implies (Req g, 7 yrs)33.9%11.9%2nd most demanding of 8
Growth delivered (Del g)+10.8%+11.3%4th lowest of 8
Hurdle (Req g minus delivered)+23.1 pp-7.8 pp2nd most demanding of 8
ROIC minus cost of capital+1.2 pp-1.8 pp6th highest of 19
EV / EBITDA21.9×24.3×2nd cheapest of 6
Net debt / EBITDA-1.1×-0.3×3rd least indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Kirloskar Brothers KIRLOSBROS.NSIndia$1.37B-8%+11%9%2.5×33.9%+10.8%
Suzhou Veichi Electric 688698.SSChina$1.37B-38%+20%7%4.3×n/an/a
Topoint Technology 8021.TWTaiwan$1.37B-28%+49%21%7.8×n/an/a
Jiangsu Guomao Reducer 603915.SSChina$1.37B-11%+11%9%2.6×16.3%+4.0%
Sunrise Energy Metals SRL.AXAustralia$1.38B-16%n/an/an/an/an/a
Chongqing Zaisheng Technology 603601.SSChina$1.35B-50%-6%1%6.3×39.7%-7.5%
PowerTECH 301369.SZChina$1.34B-26%+56%3%16.9×n/an/a
Bonfiglioli Transmissions BONFIG.NSIndia$1.33Bn/a+9%16%n/an/an/a
Guangdong Huicheng Vacuum Technology 301392.SZChina$1.41B-25%+48%7%15.9×n/an/a
Hymson Laser Technology 688559.SSChina$1.41B-34%+78%1%1.7×11.9%+26.3%
GKG Precision Machine 301338.SZChina$1.32B-57%+38%17%5.6×n/an/a
Ableprint Technology 7734.TWOTaiwan$1.31B-58%+48%50%12.6×18.8%+10.1%
Sprint Precision Technologies 688605.SSChina$1.31B-3%+16%10%6.1×n/an/a
Wasion 3393.HKHong Kong$1.43B-59%+22%16%1.1×-11.3%+19.7%
Wafer Works 6182.TWOTaiwan$1.30B+42%+9%4%5.9×n/an/a
Test Research 3030.TWTaiwan$1.44B-51%+32%40%4.6×-2.5%+11.3%
Zhuzhou Huarui Precision Cutting Tools 688059.SSChina$1.44B-33%+23%36%8.4×n/an/a
Yizumi 300415.SZChina$1.29B-25%+13%11%1.8×9.6%+17.4%
Qinchuan Machine Tool & Tool Group Share 000837.SZChina$1.46B-14%+8%-4%2.3×n/an/a
Hongyuan Green Energy 603185.SSChina$1.46B-34%+14%-15%1.3×n/an/a
Shenzhen Qiangrui Precision Technology 301128.SZChina$1.46B-47%+56%10%4.0×n/an/a

Questions

Who are Kirloskar Brothers's main competitors?
Named competitors: KSB Limited (KSB.NS), Xylem (XYL). The cockpit's measured peer set (industry) also includes Suzhou Veichi Electric (688698.SS), Topoint Technology (8021.TW), Jiangsu Guomao Reducer (603915.SS), Sunrise Energy Metals (SRL.AX), Chongqing Zaisheng Technology (603601.SS), PowerTECH (301369.SZ).
Is Kirloskar Brothers expensive compared with its peers?
On ev / sales it trades at 2.5× against a peer median of 5.1×, 6th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +23 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Kirloskar Brothers stock performed?
Over six months to 6 Nov 2026 the shares returned -7.5% against -32.6% for the median peer; over one year -14.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.