KIRLOSKAR PNEUMATIC COM L

Designs and manufactures industrial compression systems — air compressors, refrigeration compressors, process-gas compressors, centrifugal compressors and newer oil-free, air-conditioning and biogas packages — sold to oil & gas, CGD, food/dairy, chemicals, power, textiles, pharma, electronics and automotive customers. Compression Systems is the dominant business, accounting for 93.4% of FY26 segment revenue at 1,643.7 crore with segment EBIT of 410.1 crore; the remaining 6.6% sits in non-reportable segments. The company is an asset-heavy industrial manufacturer — raw materials are 47.2% of revenue, employees 11.5%, and capex ran at 3.7% of revenue in FY26 — and it carries a debt-free balance sheet with a net cash position of 460 crore and an upgraded CRISIL AA rating. FY26 total income was 1,786.8 crore with PBT of 356 crore and a declared dividend of 600% (Rs 12/share), the highest in its history. Order intake crossed 2,000 crore in FY26 and the order board stood at 1,853 crore as of July 2026; FY27 revenue is guided at 2,100 crore with a sustainable EBITDA margin band of 18-20%. A new product pipeline (Tezcatlipoca centrifugal, Zephyros AC package with 320 crore committed capex, Tonalli containerised biogas, Khione, Tyche, Hydrino oil-free) is being pushed to shorten the order cycle, and a 99.49% stake in Kirloskar South East Asia (Thailand) was acquired to expand direct South-East Asia presence.