Buy Kirloskar Oil Engines, target price Rs 1665: JM Financial

JM Financial has buy call on Kirloskar Oil Engines with a target price of Rs 1665. The current market price of Kirloskar Oil Engines Ltd. is Rs 1314.75.

Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 19070.87 Crore) operating in Engineering sector.

Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Export Incentives, Solar Power, Other Operating Revenue, Commission for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1647.44 Crore, down -1.18 % from last quarter Total Income of Rs 1667.18 Crore and up 6.17 % from last year same quarter Total Income of Rs 1551.77 Crore. Company reported net profit after tax of Rs 155.76 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 41.18 per cent stake in the company as of 30-Jun-2024, while FIIs owned 9.97 per cent, DIIs 25.01 per cent.