# Kirloskar Oil Engines (KIRLOSENG) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/kirloseng

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,582.5
- Change: -0.62%
- As of: 2026-11-06
- 1D return: -0.62%
- 5D return: -11.89%
- 1M return: -26.84%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

KIRLOSENG (₹1,599.50) exhibits a sharp divergence between monthly momentum and short-term pressure. The monthly trend remains bullish with price above key moving averages and Supertrend, supported by strong ADX (51.72). However, the daily and weekly charts are firmly bearish; price is below all major moving averages and the Supertrend, with established downward trends (ADX ~28–34). A massive intraday range (+21.7%) on 2026-11-06, culminating in a Doji, signals intense volatility and indecision near the lower end of the 20-day and 50-day ranges. With a current drawdown of -37.6% and high annualized volatility (47.5%), the stock is in a fragile consolidation phase. Immediate resistance lies at ₹1,655.80 (pivot), while support is found at ₹1,571.60.

- Trend Divergence: Monthly structure is bullish (price above indicators), but daily and weekly structures are bearish (price below indicators and Supertrend).
- Volatility Spike: On 2026-11-06, the stock recorded a +21.7% intraday range and closed as a Doji, indicating high uncertainty after a -11.6% drop on 2026-11-05.
- Range Position: Price is near the lower end of recent ranges (+17.2% in 20-day, +13.8% in 50-day) and sits -37.6% from available highs.
- Key Levels: Monitor ₹1,655.80 for potential reversal confirmation; downside risk extends to ₹1,571.60 (support) and ₹1,521.60.

- Doji
- Morning Star
- Outside Bar
- Bearish Engulfing Reversal
- Evening Star
- Inside Bar

### News Context

Kirloskar Oil Engines reported unaudited Q2 FY27 results on November 4, revealing a divergence between top-line growth and bottom-line profitability. Consolidated revenue increased by 17.1% year-on-year to ₹2,284 crore, yet net profit fell 19% to ₹132 crore. This contraction was driven by an 11.5% decline in EBITDA, which narrowed operating margins despite the higher sales volume. The market reacted positively to the announcement, with shares closing 5.23% higher on the same day. These figures highlight a period where revenue expansion has not translated into proportional earnings growth, signaling margin pressure that investors are monitoring closely.

- Q2 FY27 consolidated net profit declined 19% year-on-year to ₹132 crore, contrasting with a 17.1% revenue increase to ₹2,284 crore.
- EBITDA dropped 11.5%, causing operating margins to narrow despite overall revenue growth.
- The board approved these unaudited results on November 4, following which the stock closed 5.23% higher.

- [Business News: Economy & Markets | IANS Live](https://ianslive.in/category/Business/1)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Kirloskar Oil Engines Q2 results: Profit falls 19% as margins narrow despite revenue growth](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q2-results-profit-falls-19pc-as-margins-narrow-despite-revenue-growth-20027118.htm)

### What Changed

Kirloskar Oil Eng (NSE: KIRLOSENG) reported Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended 30 September 2026. The Board of Directors approved these results on 4 November 2026, following a review by the Audit Committee, with the financials subject to a Limited Review by Statutory Auditors. These results were published in newspapers on 5 November 2026.

On 5 November 2026, the company held an Analyst/Institutional Investor Meet at 1:30 p.m. IST to discuss the unaudited financial results. An audio recording of this call was uploaded to the company’s website later that day. The filing associated with the call notes no new substantive business decisions or result announcements beyond the financial data itself. Concurrently, Kirloskar Oil Eng informed the Exchange regarding the closure of its Trading Window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, effective from the date of the announcement.

- Financial Results: Standalone and Consolidated Un-Audited Financial Results for Q2 and H1 FY2027 (ended 30 Sep 2026) were approved by the Board on 4 Nov 2026 and published on 5 Nov 2026; subject to Limited Review by Statutory Auditors.
- Investor Engagement: An Analyst/Institutional Investor Meet was held on 5 Nov 2026 at 1:30 p.m. IST; audio recording is available on the company website, with no new substantive business decisions announced during the call.
- Trading Restriction: The Trading Window for dealing in securities was closed pursuant to SEBI insider trading regulations, as informed to the NSE on 5 Nov 2026.

- [Kirloskar Oil Engines Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- [Kirloskar Oil Engines Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)

### Official Filings

Kirloskar Oil Engines reported unaudited financial results for the half-year ended September 30, 2026, approved by the Board on November 4, 2026. The company delivered strong top-line growth, with standalone sales rising 19% year-on-year to ₹1,722.5 Crores and consolidated revenue increasing 17% to ₹2,284.0 Crores. However, profitability contracted significantly; standalone net profit fell 14% to ₹115.17 Crores (EBITDA margin dropped from 14.0% to 11.0%), while consolidated net profit declined 18% to ₹130.31 Crores. Concurrently, the Group acquired a 49% stake in Engines LPG LLC (dba Wildcat Power Gen) for approximately USD 0.15 million. Governance updates include the appointment of Ms. Amruta Thigale as Company Secretary and Compliance Officer effective November 4, 2026, and minor share capital increases due to ESOP exercises totaling 1,86,280 shares during the quarter. A trading window closure is in effect pursuant to SEBI regulations.

- Profitability contraction: Standalone net profit fell 14% to ₹115.17 Cr and consolidated net profit dropped 18% to ₹130.31 Cr despite 19% YoY sales growth, with EBITDA margin declining from 14.0% to 11.0%.
- Strategic acquisition: The Group acquired a 49% stake in Engines LPG LLC (dba Wildcat Power Gen) for ~USD 0.15 million.
- Governance change: Ms. Amruta Thigale appointed as Company Secretary and Compliance Officer effective November 4, 2026.
- Capital structure update: Paid-up share capital increased to 14,55,70,083 shares following ESOP allotments.

- [Kirloskar Oil Engines Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- [Kirloskar Oil Engines Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)
- [Kirloskar Oil Engines Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026162737_SE_Outcome_Result_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding Allotment of 3859 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163603_SE_CSESOPallot_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about appointment of Company Secretary and Compliance office |SUBJECT: Change in Company Secretary/Compliance Officer](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163942_SE_CSESOPallot_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding Appointment of Ms Amruta Thigale as Company Secretary & Compliance Officer of the company w.e.f. November 04, 2026. |SUBJECT: Appointment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026164200_SE_CSESOPallot_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding a press release dated November 04, 2026, titled "Press Release". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026171857_SE_PressRelease_4Nov26.pdf)

### Fundamentals

Kirloskar Oil Eng is demonstrating a robust operational trajectory, with revenue accelerating to ₹7,937 crore (TTM) and net profit reaching ₹535 crore. The company’s earnings quality has improved significantly, evidenced by Cash from Operating Activity swinging from negative ₹739 crore in FY2025 to positive ₹932 crore in FY2026. This cash generation supports deleveraging, as borrowings decreased to ₹5,374 crore from a peak of ₹5,819 crore in FY2025, while Fixed Assets grew steadily to ₹1,327 crore. Recent quarterly results for Q2 FY2026-27 show continued momentum, with income rising sequentially to ₹2,295 crore and net profit increasing to ₹130 crore. However, investors should monitor the Cash Conversion Cycle, which remains elevated at 28 days due to longer Debtor Days (45 days), indicating that working capital efficiency may be constraining further cash flow expansion despite strong top-line growth.

- Earnings Quality Turnaround: CFO swung from -₹739 crore (FY2025) to +₹932 crore (FY2026), confirming strong operating cash conversion.
- Debt Reduction: Total borrowings declined to ₹5,374 crore (Mar 2026) from ₹5,819 crore (Mar 2025), offsetting asset growth.
- Quarterly Momentum: Q2 FY2026-27 income rose sequentially to ₹2,295 crore with net profit of ₹130 crore.
- Working Capital Watch: Debtor Days increased to 45 days (Mar 2026), keeping the Cash Conversion Cycle at 28 days.

### Bull Case

Kirloskar Oil Engines reported a 19% year-on-year decline in consolidated net profit to ₹132 crore for Q2 FY27, driven by an 11.5% drop in EBITDA despite revenue growth of 17.1% to ₹2,284 crore. While near-term technical indicators on the daily and weekly timeframes are bearish, with the stock trading below key moving averages and showing a current drawdown of -37.6%, the monthly trend remains bullish with a Supertrend direction of 'bullish' and an ADX of 51.72 indicating strong momentum. The shares closed 5.23% higher following the results announcement, suggesting that market participants may be focusing on the underlying revenue expansion rather than the margin contraction. A constructive interpretation hinges on the sustainability of this top-line growth; if the company can stabilize operating margins while maintaining the ₹2,284 crore quarterly run rate, the long-term monthly momentum could support a recovery from the current short-term weakness.

- Revenue grew 17.1% YoY to ₹2,284 crore in Q2 FY27, demonstrating continued top-line demand despite a 19% profit decline.
- Monthly technical trend is bullish (Supertrend: bullish, ADX: 51.72), contrasting with bearish daily/weekly signals and a -37.6% current drawdown.
- Shares rose 5.23% post-results, indicating initial investor focus on revenue resilience over margin compression.
- Key resistance levels are identified at ₹1,655.80 (+3.52%) and ₹1,687.50 (+5.50%), which must be cleared to validate a reversal of the short-term downtrend.

- [Business News: Economy & Markets | IANS Live](https://ianslive.in/category/Business/1)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Kirloskar Oil Engines Q2 results: Profit falls 19% as margins narrow despite revenue growth](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q2-results-profit-falls-19pc-as-margins-narrow-despite-revenue-growth-20027118.htm)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- [Kirloskar Oil Engines Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)
- [Kirloskar Oil Engines Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026162737_SE_Outcome_Result_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding Allotment of 3859 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163603_SE_CSESOPallot_4Nov26.pdf)

### Bear Case

Kirloskar Oil Eng reported a 19% year-on-year decline in consolidated net profit to ₹132 crore for Q2 FY27, despite revenue growing 17.1% to ₹2,284 crore. This divergence highlights significant margin compression, driven by an 11.5% drop in EBITDA that narrowed operating margins. The market reacted with a 5.23% share price increase on November 4, but the underlying operational efficiency has deteriorated.

Technically, the stock faces near-term headwinds. Daily and weekly super-trend indicators are bearish, with the daily ADX at 28.01 suggesting moderate trend strength in the downward direction. Short-term momentum is weak, evidenced by negative slopes for both the 20-day EMA (-121.53) and SMA (-135.45). The stock is currently trading at ₹1,599.5, sitting within a recent drawdown of -37.6%, though it remains well above its yearly low support level of ₹1,450.8.

- Q2 FY27 net profit fell 19% YoY to ₹132 crore while revenue rose 17.1% to ₹2,284 crore, indicating severe margin erosion due to an 11.5% EBITDA decline.
- Daily and weekly technical trends are bearish; the 20-day EMA slope is -121.53, and the Super-Trend indicator signals downside pressure as of November 6, 2026.
- The stock trades at ₹1,599.5, reflecting a current drawdown of -37.6% from peak levels, with immediate support identified at ₹1,571.6.

- [Business News: Economy & Markets | IANS Live](https://ianslive.in/category/Business/1)
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- [Kirloskar Oil Engines Q2 results: Profit falls 19% as margins narrow despite revenue growth](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q2-results-profit-falls-19pc-as-margins-narrow-despite-revenue-growth-20027118.htm)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- [Kirloskar Oil Engines Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)
- [Kirloskar Oil Engines Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026162737_SE_Outcome_Result_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding Allotment of 3859 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163603_SE_CSESOPallot_4Nov26.pdf)

### FAQs

**How did Kirloskar Oil Eng's Q2 FY27 financial results compare to the previous year?**

For the quarter ended September 30, 2026, consolidated net profit fell 19% year-on-year to ₹132 crore. Revenue grew 17.1% to ₹2,284 crore, but EBITDA dropped 11.5%, causing operating margins to narrow. These unaudited results were approved by the Board on November 4, 2026.

**What was the market reaction to the Q2 FY27 earnings announcement?**

Shares closed 5.23% higher following the announcement of the unaudited results. The company filed the financial results with the NSE and BSE on November 5, 2026, and held an investor conference call later that day to discuss the performance.

**What are the current technical support and resistance levels for KIRLOSENG?**

As of November 6, 2026, the stock closed at ₹1,599.50. Immediate support is seen at ₹1,571.60 (1.74% below), while resistance levels are located at ₹1,655.80 (3.52% above) and ₹1,687.50 (5.50% above). The daily trend is currently bearish.

**Has the company restricted insider trading activities recently?**

Yes. Kirloskar Oil Eng informed the exchange on November 5, 2026, regarding the closure of the trading window pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015, following the release of its quarterly financial results.

- [Business News: Economy & Markets | IANS Live](https://ianslive.in/category/Business/1)
- [Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- [Kirloskar Oil Engines Q2 results: Profit falls 19% as margins narrow despite revenue growth](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q2-results-profit-falls-19pc-as-margins-narrow-despite-revenue-growth-20027118.htm)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015 |SUBJECT: Trading Window](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange about Closure of Trading Window |SUBJECT: Trading Window-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- [Kirloskar Oil Engines Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)
- [Kirloskar Oil Engines Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026162737_SE_Outcome_Result_4Nov26.pdf)
- [Kirloskar Oil Engines Limited has informed the Exchange regarding Allotment of 3859 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163603_SE_CSESOPallot_4Nov26.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Moderate Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹1,655.8
- Risk regime: Higher Price Risk

### Support levels
- 1571.6
- 1409.45
- 1361

### Resistance levels
- 1687.5
- 1767.375
- 2009.5

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.62% |
| return_10 | -11.33% |
| return_1m | -30.17% |
| return_1y | +60.08% |
| return_20 | -26.84% |
| return_3m | -29.63% |
| return_5 | -11.89% |
| return_6m | -7.41% |
| return_since_start | +56.85% |
| return_ytd | +28.61% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -45.23% |
| annualized_volatility | +47.54% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Kirloskar Oil Engines Limited Q2 FY2026-27: Revenue grows, profit declines year on year

Revenue from operations rose 17.2% year on year to ₹2,284 crore in the quarter ended 30 September 2026, while profit for the period fell 18.1% to ₹130 crore. Sequentially, both revenue and profit increased, but operating cash flow was negative ₹203 crore.

## Revenue and profitability

Revenue from operations increased 14.2% from ₹1,999.53 crore in Q1 FY2026-27 to ₹2,284.04 crore in Q2. It was 17.2% above the ₹1,948.38 crore reported in Q2 FY2025-26. Expenses rose 13.7% sequentially to ₹2,119.30 crore and 21.5% year on year.

Profit before tax was ₹175.47 crore, up 16.2% from Q1 FY2026-27 but down 18.9% from ₹216.30 crore in Q2 FY2025-26. Finance costs were ₹121.19 crore, 4.5% higher sequentially and 10.9% lower year on year.

After tax expense of ₹45.16 crore, profit for the period was ₹130.31 crore. That was 17.3% above Q1's ₹111.06 crore and 18.1% below the ₹159.19 crore reported a year earlier. Basic EPS was ₹9.04, compared with ₹7.82 in Q1 and ₹11.18 in Q2 FY2025-26. Diluted EPS was ₹9.01, versus ₹7.81 and ₹11.17, respectively.

## Cash flow and liquidity

Operating cash flow was negative ₹202.94 crore in Q2, while investing cash flow was negative ₹22.75 crore. Free cash flow was negative ₹225.69 crore, and financing activities provided ₹201.88 crore.

At 30 September 2026, cash and cash equivalents stood at ₹740.64 crore, compared with ₹764.20 crore at 31 March 2026. Other bank balances were ₹473.61 crore, versus ₹486.26 crore. Together, the balances totalled ₹1,214.25 crore, down from ₹1,250.46 crore at year-end.

## Working capital and balance sheet

Inventories rose to ₹1,121.43 crore at 30 September 2026 from ₹743.66 crore at 31 March, while current trade receivables increased to ₹1,089.05 crore from ₹953.19 crore. These higher closing balances coincided with negative operating cash flow during the quarter.

Total assets were ₹11,501.05 crore at 30 September, up from ₹10,852.44 crore at 31 March. Current assets increased to ₹5,758.76 crore from ₹5,428.11 crore, and non-current assets rose to ₹5,742.29 crore from ₹5,424.33 crore. Property, plant and equipment stood at ₹1,030.60 crore, compared with ₹1,016.38 crore. Equity attributable to owners of the parent increased to ₹3,779.14 crore from ₹3,620.19 crore.

## Key Takeaway

KOEL achieved sequential growth in revenue and profit, but both pre-tax and after-tax profit remained below the year-earlier quarter as expenses grew faster than revenue year on year. Negative operating cash flow and higher inventory and receivables balances make cash conversion an important counterpoint to the sequential earnings improvement.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +41.07%
- FII holding: +11.33%
- DII holding: +26.00%
- Mutual fund holding: +23.85%
- Retail holding: +13.87%
- Promoter pledged: +0.00%

### Major reported shareholders

- Rahul Chandrakant Kirloskar as individual, as a Karta of Rahul C. Kirloskar HUF and as a Trustee of C. S. Kirloskar Testamentary Trust — +12.23%
- Atul Chandrakant Kirloskar as individual, as a Trustee of C.S. Kirloskar Testamentary Trust and as a Karta of Atul C. Kirloskar HUF — +10.09%
- Kirloskar Industries Limited — +5.65% (Bodies Corporate)
- Alpana Rahul Kirloskar — +5.36%
- Franklin India Flexi Cap Fund — +5.26%
- Dsp Small Cap Fund — +5.20%
- Gauri Kirloskar — +3.96%
- Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund — +3.81%
- Arti Atul Kirloskar — +2.22%
- Sundaram Mutual Fund A/C Sundaram Large And Mid Cap Fund — +1.93%

## Official filings

- 2026-11-07 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_3845_WebXMLFile_20261107_144210793.xml)
- 2026-11-07 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_3845_WebXMLFile_20261107_144711129.xml)
- 2026-11-07 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_3845_WebXMLFile_20261107_144648670.xml)
- 2026-11-06 — Press Release: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_07112026012948_SE_Outcome_6Nov26.pdf)
- 2026-11-06 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_07112026013429_SE_Outcome_6Nov26.pdf)
- 2026-11-06 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_07112026013628_SE_Outcome_6Nov26.pdf)
- 2026-11-05 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181211_SE_TradingWindow.pdf)
- 2026-11-05 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026181923_SE_CopiesofFRpublishedintheNewspapers.pdf)
- 2026-11-05 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_05112026182827_SE_Audiorecording_Postcall_5Nov26.pdf)
- 2026-11-05 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_3845_WebXMLFile_20261105_184245500.xml)
- 2026-11-05 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261105_184913890.xml)
- 2026-11-04 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026162737_SE_Outcome_Result_4Nov26.pdf)
- 2026-11-04 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163603_SE_CSESOPallot_4Nov26.pdf)
- 2026-11-04 — Management Change: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026163942_SE_CSESOPallot_4Nov26.pdf)
- 2026-11-04 — Management Change: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026164200_SE_CSESOPallot_4Nov26.pdf)
- 2026-11-04 — Press Release: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026171857_SE_PressRelease_4Nov26.pdf)
- 2026-11-04 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3845_WebXMLFile_20261104_183542248.xml)
- 2026-11-04 — Financial Results Filing: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753149_04112026082403_WEB.xml)
- 2026-11-04 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_04112026203530_SE_InvestorPresentation_4Nov26.pdf)
- 2026-11-04 — Financial Results Filing: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753265_04112026101823_WEB.xml)
- 2026-10-31 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_31102026182921_SE_Investorcallinvite_5Nov26.pdf)
- 2026-10-31 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_3845_WebXMLFile_20261031_185327705.xml)
- 2026-10-30 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CIM_3845_WebXMLFile_20261030_203540549.xml)
- 2026-10-30 — Management Change: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_ROID_102710_KMP_Doc.zip)
- 2026-10-27 — Generic Announcement: Kirloskar Oil Engines Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KIRLOSENG_27102026222043_1_SE_IntimationofBoardMeetingTradingwindowclosure.pdf)

## News and market events

- 2026-11-07 — CNBC-TV18: **Kirloskar Oil Engines arm Arka Fincap signs ₹800 crore investment deal with TPG** — Kirloskar Oil Engines-backed Arka Fincap has signed definitive agreements with TPG's The Rise Funds for an investment of up to ₹800 crore, structured in two tranches subject to regulatory approvals and business milestones. The capital infusion is intended to accelerate Arka's expansion into new geographies and strengthen its technology and risk management capabilities as it scales its secured retail lending business. Founded in 2018, the non-banking financial company currently manages approximately ₹8,000 crore in assets under management across 146 branches. — [Source](https://www.cnbctv18.com/market/kirloskar-oil-engines-arm-arka-fincap-signs-rs-800-crore-investment-deal-with-tpg-20029489.htm)
- 2026-11-07 — Economic Times: **TPG invests ₹525 crore in Kirloskar-backed Arka Fincap** — TPG’s The Rise Funds is investing an initial ₹525 crore into Kirloskar Group-promoted NBFC Arka Fincap, with potential for an additional ₹275 crore tranche subject to milestones and regulatory approvals. The investment provides growth capital for Arka to expand its secured retail lending business and strengthen technological capabilities. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/tpg-invests-525-crore-in-kirloskar-backed-arka-fincap/articleshow/135627726.cms)
- 2026-11-05 — IANSLIVE.IN: **Business News: Economy & Markets | IANS Live** — Indian equity markets Sensex and Nifty opened up to 2 per cent higher, driven by strong global cues following the US midterm election outcome and a sharp decline in crude oil prices. Meanwhile, domestic developments include Amul raising retail prices for ghee and butter, Kirloskar Oil Engines reporting a 19 per cent profit drop, and Jyothy Labs seeing an 87.9 per cent decline in net profit. — [Source](https://ianslive.in/category/Business/1)
- 2026-11-04 — CNBC-TV18: **Stocks to Watch for Nov 5: Dabur, BSE, Nykaa, Lenskart, Torrent Power and more** — Multiple companies including Dabur, Nykaa, Torrent Power, Apollo Hospitals, and BSE reported their Q2 results on November 4, with most posting double-digit profit growth. While entities like Apollo Tyres and RITES saw earnings declines or margin contractions, others such as PhysicsWallah and Chalet Hotels demonstrated significant improvements in profitability metrics despite varying revenue trends. — [Source](https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-for-nov-5-dabur-nykaa-lenskart-torrent-power-rites-and-more-20027129.htm)
- 2026-11-04 — CNBC-TV18: **Kirloskar Oil Engines Q2 results: Profit falls 19% as margins narrow despite revenue growth** — Kirloskar Oil Engines reported a 19% year-on-year decline in consolidated net profit to ₹132 crore for Q2 FY27, despite a 17.1% increase in revenue to ₹2,284 crore, as operating margins narrowed due to an 11.5% drop in EBITDA. The company's shares closed 5.23% higher following the announcement of these unaudited results, which were approved by the board on November 4. — [Source](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q2-results-profit-falls-19pc-as-margins-narrow-despite-revenue-growth-20027118.htm)
- 2026-10-28 — BUSINESSTODAY: **Gauri Kirloskar on doubling revenues by 2030 at Kirloskar Oil Engines** — Joining a 138-year-old family business in a senior leadership role is an opportunity Gauri Kirloskar recognises as an exception rather than the norm. — [Source](https://www.businesstoday.in/magazine/profile/story/gauri-kirloskar-on-doubling-revenues-by-2030-at-kirloskar-oil-engines-564277-2026-10-28)
- 2026-09-28 — Mint: **India's AI enablers surge as data centre buildout gathers pace** — India’s AI-linked infrastructure stocks have surged despite a weak equity market, with Goldman Sachs identifying 42 enablers across power, data centres and semiconductors as demand for AI infrastructure accelerates. — [Source](https://www.livemint.com/market/stock-market-news/ai-stocks-india-data-centres-semiconductors-11790480876598.html)
- 2026-09-17 — Mint: **Hyderabad leads emergence of India’s new data centre hubs | Mint** — By end-2030, Hyderabad and other emerging hubs are expected to see a six-fold rise in data centre capacity to 1.1 gigawatts (GW), implying an annualized growth of 58%. — [Source](https://www.livemint.com/technology/india-data-centre-capacity-hyderabad-dholera-ai-google-adani-11789615527566.html)
- 2026-09-15 — BUSINESSTODAY: **Paytm, Kalyan Jewellers, BSE, Tenneco, Titagarh, Cochin Shipyard, Sharda Motor shares: Targets** — Paytm share price, Kalyan Jewellers share price, BSE share price, Cochin Shipyard share price, Titagarh Rail share price, Usha Martin share price, Sharda Motor share price, Tenneco Clean Air share price — [Source](https://www.businesstoday.in/markets/stocks/story/paytm-kalyan-jewellers-bse-tenneco-titagarh-cochin-shipyard-sharda-motor-shares-targets-555480-2026-09-15)
- 2026-09-11 — Mint: **India’s data centre surge is powering a massive boom in sales of generator sets | Mint** — With data centres operating continuously, generator sets have become imperative to keep their IT infrastructure, cooling systems and lighting running in the event of an outage. — [Source](https://www.livemint.com/industry/energy/india-data-centres-power-backup-gensets-electricity-supply-cummins-india-kirloskar-oil-engines-sterling-green-power-11789098449257.html)
- 2026-09-04 — Mint: **Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —4 September 2026** — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — Kirloskar Oil Engines, Morepen Laboratories, MSTC, IOL Chemicals and Pharmaceuticals, and Vishnu Chemicals. — [Source](https://www.livemint.com/market/stock-market-news/breakout-stocks-to-buy-or-sell-sumeet-bagadia-recommends-five-shares-to-buy-today-4-september-2026-11788450839284.html)
- 2026-09-04 — The Hindu: **Sensex today | Stock Market Live: Stock to buy today: Kirloskar Oil Engines (₹2,267.40)** — Sensex, Nifty, Share Prices LIVE: The stock of Kirloskar Oil Engines, which has been in a long-term uptrend, witnessed a price correction recently — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-4th-september-2026/article71425360.ece)
- 2026-09-04 — The Hindu: **Stock to buy today: Kirloskar Oil Engines (₹2,267.40)** — Buy Kirloskar Oil Engines at ₹2,267; target ₹2,700 with a stop-loss at ₹2,000 after recent bullish momentum. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-kirloskar-oil-engines226740/article71423531.ece)
- 2026-09-03 — Mint: **Stock recommendations for 3 September from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 3 September. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-3-september-marketsmith-india-kirloskar-oil-engines-skf-india-nifty-sensex-11788351109178.html)
- 2026-08-13 — BUSINESS: **Astral Ltd Spurts 2.31%** — Astral Ltd has added 9.94% over last one month compared to 2.91% gain in BSE Capital Goods index and 1.37% rise in the SENSEX — [Source](https://www.business-standard.com/markets/capital-market-news/astral-ltd-spurts-2-31-126081300494_1.html)
- 2026-08-10 — CNBC-TV18: **Sensex Today | Stock Market LIVE Updates: Nifty rises towards 24,600; Hitachi Energy up 10%** — Sensex Today | Stock Market LIVE Updates: The markets are trading in a volatile space, as the Nifty index remains cautious with negative bias. The index is looking to hold onto the 24,500 mark. The Nifty Bank is also under pressure, down 200 points. SBI, Adani Ports and HDFC Life are the top laggards. — [Source](https://www.cnbctv18.com/market/stock-market-live-updates-sensex-nifty-50-today-oil-banks-midcaps-bajaj-fin-pfc-kaynes-ola-bharat-forge-share-price-liveblog-19965161.htm)
- 2026-08-07 — BUSINESSTODAY: **Top stocks in news: LIC, Britannia, TVS Motor, Premier, Dabur, Apollo Tyres, Alkem Labs** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, LIC of India, Britannia Industries, TVS Motor Company, Premier Energies, Dabur India, Apollo Tyres, Siemens Energy India, Alkem Laboratories, J Kumar Infraprojects, Life Insurance Corporation of India, Kirloskar Oil Engines, Shipping Corporation of India, Vijaya Diagnostic Centre, Aegis Logistics, Aegis Vopak Terminals — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-lic-britannia-tvs-motor-premier-dabur-apollo-tyres-alkem-labs-547804-2026-08-07)
- 2026-08-06 — CNBC-TV18: **Stocks to Watch for August 7: LIC, Crompton Greaves, Apollo Tyres and more** — NCC, LIC, Hindustan Construction Company (HCC), Crompton Greaves, Signature Global and Lloyds Engineering Works will remain in focus on Friday after announcing their June quarter results post market hours. Investors will also keep a close watch on companies scheduled to announce their June quarter results tomorrow, including Ola Electric, Oil India and Power Finance Corporation. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-august-7-life-insurance-corp-ncc-apollo-tyres-and-more-19963428.htm)
- 2026-08-06 — CNBC-TV18: **Kirloskar Oil Engines Q1 profit falls 20% despite double-digit revenue growth** — The diesel engine maker reported double-digit revenue growth in the June quarter, driven by broad-based demand across its businesses. However, weaker operating margins weighed on earnings despite higher sales. — [Source](https://www.cnbctv18.com/market/earnings/kirloskar-oil-engines-q1-profit-falls-20-despite-double-digit-revenue-growth-19963739.htm)
- 2026-08-06 — CNBC-TV18: **Q1 Results LIVE Updates: Muthoot Microfin profit surges; Fortis Healthcare margin contracts** — Q1 Results LIVE Updates; Trent, Britannia, Lupin, Samvardhana Motherson, Apollo Tyres, Blue Star, Premier Energies, HCC, NCC, PG Electroplast, Emcure Pharma, Firstsource Solutions are some of the many companies that will be reporting their results during the course of Thursday's trading session on Dalal Street. Result reactions today come from PB Fintech, Aurobindo Pharma, Cummins India, GE Vernova T&D, ION Exchange and many others. Watch this space for all the LIVE Q1 result updates, management and brokerage commentary along with stock moves. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-cummins-ge-vernova-td-pb-fintech-trent-britannia-hero-lupin-samil-pgel-apollo-tyres-sci-ncc-hcc-premier-energies-share-price-liveblog-19962840.htm)
- 2026-07-21 — CNBC-TV18: **Q1 Results LIVE Updates: TVS Motor EBITDA up 41%; Bajaj Auto net profit rises 42%** — Q1 Results LIVE Updates: Nifty 50 company Bajaj Auto is reporting its earnings today. TVS Motor, M&M Financial, Aavas Financiers, Indian Hotels, AB Sunlife AMC, Adani Energy, Arvind Fashions, Bandhan Bank, Adani Total, Canara Robeco AMC, Cyient DLM, Crisil, Gabriel India, Hatsun Agro, Granules India, Indiamart, Mastek, JSW Infra, Mastek, NIIT, Medplus Health, Sagility, Sunteck Realty, Welspun Specialty, Trident, are among the other incoming results today. Paytm, Canara HSBC Life among others react to their results as well. Watch this space for all the LIVE Q1 updates. — [Source](https://www.cnbctv18.com/market/q1-results-live-updates-bajaj-auto-paytm-tvs-mm-fin-bandhan-indian-hotels-adani-rallis-indiamart-cyient-dlm-share-price-liveblog-19950068.htm)
- 2026-07-16 — CNBC-TV18: **These companies could be the hidden winners of India's AI data centre push** — JM Financial says India's AI data centre expansion could create a sizeable opportunity for electrical equipment makers such as ABB, Siemens, Honeywell, Cummins and Kirloskar Oil Engines as investment in new facilities gathers pace. — [Source](https://www.cnbctv18.com/market/stocks/these-companies-could-be-the-hidden-winners-of-indias-ai-data-centre-push-19947605.htm)

## Business profile

**Strategic vision:** Manufactures diesel engines, agricultural equipment, and power generation sets.

### Business segments
- **Engines & Power Generation:** The company manufactures a wide range of diesel engines for agricultural, industrial, and marine applications. It also produces diesel generator sets for backup and prime power supply.
- **Agricultural & Industrial Products:** KOEL manufactures agricultural pump sets, power tillers, and specialized engines for construction equipment, tractors, and earth-moving machinery.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/kirloseng
Markdown representation: https://faxioms.com/stocks/kirloseng?render=md