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← CockpitCompetitor Analysis › KIRLPNU.NS Kirloskar Pneumatic Co. Ltd.Open in the cockpit ↗

Kirloskar Pneumatic Co. Ltd.KIRLPNU.NSCompetitor analysis, valuation and peers

India · INR·Capital Goods›Industrial Machinery
Momentum laggard 15
Mkt cap
$846M
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$2.63M
20-day average traded
Fwd P/E
29.0×
forward earnings
ROIC−WACC
+15.9 pp
WACC 14.8%
Hurdle
+9 pp
Req g minus delivered
Next earnings
77 days
22 Jan 2027
Close · INR₹615.35
1D+7.6%
1W+14.3%
1M-11.6%
3M-15.4%
6M-22.6%
YTD+16.1%
1Y+8.0%
ATR %5.0%
Beta0.91
52w lowhigh44.0% off high

What Kirloskar Pneumatic does

Employees: 1,928

Kirloskar Pneumatic at a glance

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).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026KIRLPNU.NS 79Peer median 73
Six months, rebased to 100: Kirloskar Pneumatic against the median of its 20 peers (local-currency closes).

Kirloskar Pneumatic financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a₹1.71B₹1.43B₹1.16B-₹8.87M
Capital expendituren/a₹663M₹779M₹716M₹424M
Total debt₹6.00M₹33.4M₹106M₹7.77M₹10.2M

Quarterly statements and history in the cockpit →

Kirloskar Pneumatic 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%0%+50%0%+50%0028840826HMT0025430005516315600468634000053060390130015477957751002255KIRLPNU.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Kirloskar Pneumatic is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%0×100×200×0028840826002543000777631568830500053060390168857776887751002255KIRLPNU.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Kirloskar Pneumatic is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%20%40%60%0028840826HMT00055163156004680005306039013001547751KIRLPNU.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 Pneumatic is the large dot.

Kirloskar Pneumatic competitors and peer comparison

How Kirloskar Pneumatic 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 Pneumatic against its 20 peers (data as of 6 Nov 2026)
MeasureKIRLPNU.NSPeer medianRank 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 margin18.1%6.2%3rd highest of 21
Forward P/E29.0×20.1×7th 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 pp5th most demanding of 13
ROIC minus cost of capital+15.9 pp-4.1 pp3rd highest of 19
EV / EBITDA21.2×18.9×4th cheapest of 7
Net debt / EBITDA-1.5×-2.4×3rd most indebted of 7

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Kirloskar Pneumatic KIRLPNU.NSIndia$846M-23%+9%18%29.0×26.3%+16.8%
Guangdong LingXiao Pump Industry 002884.SZChina$848M-16%+8%25%13.2×-5.6%+3.7%
Tiangong International 0826.HKHong Kong$843M-28%+8%11%8.8×5.7%-2.7%
HMT HMT.NSIndia$849M-15%+9%-82%n/a61.3%-6.9%
Guangdong Vanward New Electric 002543.SZChina$849M-17%-12%-3%20.1×n/an/a
Create Technology & Science 000551.SZChina$842M-29%+15%11%15.2×-0.5%+5.7%
SUFA Technology Industry Co., Ltd., CNNC 000777.SZChina$850M-25%-25%2%37.2×n/an/a
Towa 6315.TJapan$851M-39%+29%16%15.3×18.8%+12.8%
Tianjin Benefo Tejing Electric 600468.SSChina$852M-28%+16%0%n/a38.3%+0.2%
Shibuya 6340.TJapan$839M+40%+5%10%11.3×-0.2%+5.5%
KEDE Numerical Control 688305.SSChina$853M-29%-31%11%78.0×n/an/a
Bingshan Refrigeration & Heat Transfer Technologies 000530.SZChina$833M+47%-8%0%79.1×20.4%+20.5%
Hangzhou Youngsun Intelligent Equipment 603901.SSChina$858M-17%+11%6%20.0×11.9%+14.7%
Shenzhen Riland Industry 300154.SZChina$831M+41%-2%5%n/a44.6%+10.0%
Zhejiang Headman Machinery 688577.SSChina$864M-31%+35%6%60.2×n/an/a
Kale Environment Technology (Shanghai) 301070.SZChina$872M-29%-9%0%n/an/an/a
Eternal Precision Mechanics 7795.TWTaiwan$819M-9%-12%18%34.0×n/an/a
Shanghai Top Numerical Control Technology 7688.HKHong Kong$873Mn/a+9%-53%231.6×n/an/a
Horng Terng Automation 7751.TWOTaiwan$817M-62%+150%35%20.8×23.2%+13.5%
Suzhou Hailu Heavy Industry 002255.SZChina$875M-38%-19%16%11.9×-0.5%+2.8%
Shenzhen LDRobot 1236.HKHong Kong$876Mn/a+60%-11%n/an/an/a

Questions

Which companies are Kirloskar Pneumatic's closest peers?
The cockpit's peer set: Guangdong LingXiao Pump Industry (002884.SZ), Tiangong International (0826.HK), HMT (HMT.NS), Guangdong Vanward New Electric (002543.SZ), Create Technology & Science (000551.SZ), SUFA Technology Industry Co., Ltd., CNNC (000777.SZ), Towa (6315.T), Tianjin Benefo Tejing Electric (600468.SS).
Is Kirloskar Pneumatic expensive compared with its peers?
On forward p/e it trades at 29.0× against a peer median of 20.1×, 7th most expensive of 16 in its peer set. 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.
How has Kirloskar Pneumatic stock performed?
Over six months to 6 Nov 2026 the shares returned -22.6% against -26.3% for the median peer; over one year +8.0%.

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.