Buy Kirloskar Oil Engines, target price Rs 710: Motilal Oswal

Motilal Oswal has buy call on Kirloskar Oil Engines with a target price of Rs 710. The current market price of Kirloskar Oil Engines is Rs 583.55.

Kirloskar Oil Engines Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 8461.86 Crore) operating in Engineering sector.

Kirloskar Oil Engines Ltd. key Products/Revenue Segments include Engine & Gensets, Sale of services, Scrap, Other Operating Revenue, Export Incentives, Solar Power, Commission for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 1312.67 Crore, down -15.41 % from last quarter Total Income of Rs 1551.77 Crore and up 6.42 % from last year same quarter Total Income of Rs 1233.52 Crore. Company reported net profit after tax of Rs 78.35 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 41.23 per cent stake in the company as of 30-Sep-2023, while FIIs owned 7.79 per cent, DIIs 23.58 per cent.