Employees: 1,928
Size Kirloskar Pneumatic (KIRLPNU.NS) is an India Industrials company (Industrial Machinery) with a market value of $846M, the 647th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹615.35 on 6 Nov 2026.
Performance Over six months the shares fell 22.6%, against -26.3% for the median peer and 0.0% for the India market (cap-weighted) — 9th highest of 19 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +7.7%); the operating margin is 18.1% (peer median 6.2%).
Valuation It trades at 29.0× forward earnings against a peer median of 20.1× (7th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 26% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +9 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 15.9 points above its cost of capital (14.8% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹17.5B | ₹17.8B | ₹16.3B | ₹13.2B | ₹12.4B |
| Revenue growth | — | +9% | +24% | +7% | — |
| Gross profit | ₹5.92B | ₹4.33B | ₹3.60B | ₹2.46B | ₹2.08B |
| EBITDA | ₹3.52B | ₹3.59B | ₹2.92B | ₹2.02B | ₹1.66B |
| Net income | ₹2.59B | ₹2.56B | ₹2.11B | ₹1.33B | ₹1.09B |
| Free cash flow | n/a | ₹1.71B | ₹1.43B | ₹1.16B | -₹8.87M |
| Capital expenditure | n/a | ₹663M | ₹779M | ₹716M | ₹424M |
| Total debt | ₹6.00M | ₹33.4M | ₹106M | ₹7.77M | ₹10.2M |
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| Measure | KIRLPNU.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.6% | -8.4% | 9th lowest of 21 |
| 6-month return | -22.6% | -26.3% | 9th highest of 19 |
| Distance from 52-week high | -44.0% | -47.7% | 8th highest of 21 |
| Revenue growth (TTM) | +9.1% | +7.7% | 8th highest of 21 |
| Operating margin | 18.1% | 6.2% | 3rd highest of 21 |
| Forward P/E | 29.0× | 20.1× | 7th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 26.3% | 15.4% | 4th most demanding of 13 |
| Growth delivered (Del g) | +16.8% | +5.6% | 2nd highest of 13 |
| Hurdle (Req g minus delivered) | +9.5 pp | +2.9 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | +15.9 pp | -4.1 pp | 3rd highest of 19 |
| EV / EBITDA | 21.2× | 18.9× | 4th cheapest of 7 |
| Net debt / EBITDA | -1.5× | -2.4× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 29.0× | 26.3% | +16.8% |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 13.2× | -5.6% | +3.7% |
| Tiangong International 0826.HK | Hong Kong | $843M | -28% | +8% | 11% | 8.8× | 5.7% | -2.7% |
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | n/a | 61.3% | -6.9% |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 20.1× | n/a | n/a |
| Create Technology & Science 000551.SZ | China | $842M | -29% | +15% | 11% | 15.2× | -0.5% | +5.7% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 37.2× | n/a | n/a |
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 15.3× | 18.8% | +12.8% |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | n/a | 38.3% | +0.2% |
| Shibuya 6340.T | Japan | $839M | +40% | +5% | 10% | 11.3× | -0.2% | +5.5% |
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 78.0× | n/a | n/a |
| Bingshan Refrigeration & Heat Transfer Technologies 000530.SZ | China | $833M | +47% | -8% | 0% | 79.1× | 20.4% | +20.5% |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 20.0× | 11.9% | +14.7% |
| Shenzhen Riland Industry 300154.SZ | China | $831M | +41% | -2% | 5% | n/a | 44.6% | +10.0% |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 60.2× | n/a | n/a |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | n/a | n/a | n/a |
| Eternal Precision Mechanics 7795.TW | Taiwan | $819M | -9% | -12% | 18% | 34.0× | n/a | n/a |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 231.6× | n/a | n/a |
| Horng Terng Automation 7751.TWO | Taiwan | $817M | -62% | +150% | 35% | 20.8× | 23.2% | +13.5% |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 11.9× | -0.5% | +2.8% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | n/a | n/a | n/a |