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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Compression Systems (93%), Other Non-Reportable Segments (7%). Asset-heavy, debt-free industrial compressor manufacturer with a long project cycle and a new shorter-cycle equipment push
| ₹ crore · consolidated | FY25 | FY26 |
|---|---|---|
| Revenue | 1,640 | 1,787 |
| EBITDA (ex other income) | 288 | 343 |
| margin % | 17.6 | 19.2 |
| Owners' profit | 211 | 256 |
| EPS, as reported (₹) | 32.58 | 39.45 |
| ROE % · ROCE % | 19.1 · 24.7 | 20.2 · 26.4 |
| Debt / equity (x) | 0.01 | 0.00 |
| Cash from operations | 215 | 233 |
| Capex | (78) | (66) |
| ₹ crore | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|
| Revenue | 343 | 592 | 282 | 386 | 407 | 712 | 303 |
| Profit before tax | 49 | 104 | 34 | 57 | 59 | 188 | 45 |
| Net profit | 37 | 80 | 25 | 44 | 42 | 144 | 33 |
| EPS (₹) | 5.67 | 12.35 | 3.89 | 6.75 | 6.40 | 22.14 | 5.15 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| COMPRESSION SYSTEMS | 1,419 | 79.4 |
| OTHER NON REPORTABLE SEGMENTS | 86 | 4.8 |
| Compression Systems | 252 | 14.1 |
| Other Non Reportable Segments | 30 | 1.7 |
| Total, before eliminations | 1,787 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| CUMMINS INDIA LTD | 1,40,540 | 59.4 | 16.58 | 46.2 | 27.9 | 31.8 | 22.7 | 22.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 11 Sept 2026 · Schedule of analyst and investor meetings on September 17, 2026 | board shareholder meetings | low | — | — |
| 9 Sept 2026 · Kirloskar Pneumatic schedules investor meetings on September 15 | board shareholder meetings | low | — | — |
| 8 Sept 2026 · Monthly compliance certificate for share dematerialization, August 2026 | compliance | minimal | — | — |
| 7 Aug 2026 · Routine compliance certificate on securities dematerialisation for July 2026 | compliance | minimal | — | — |
| 7 Aug 2026 · Newspaper notice on special window for physical share dematerialisation | compliance | minimal | — | — |
| 5 Aug 2026 · Record date fixed for stock split - 1 share of Rs 2 to become 2 shares of Re 1 | corporate actions | high | — | — |
| 5 Aug 2026 · Kirloskar Pneumatic fixes record date for stock split | corporate actions | medium | — | — |
| 3 Aug 2026 · Kirloskar Pneumatic acquires 99.49% stake in KSEA Thailand subsidiary | strategic transactions | high | — | — |
| 3 Aug 2026 · Kirloskar Pneumatic completes acquisition of KSEA Thailand | strategic transactions | high | — | — |
| 31 Jul 2026 · Kirloskar Pneumatic acquires 99.49 percent stake in Kirloskar South East Asia | strategic transactions | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| KIRLOSKAR OIL ENG LTD |
| 31,552 |
| 57.8 |
| 8.83 |
| 24.8 |
| 15.7 |
| 10.9 |
| 18.5 |
| 15.8 |
| ELGI EQUIPMENTS LTD | 19,591 | 43.5 | 8.78 | 29.1 | 19.3 | 24.3 | 15.5 | 15.9 |
| INGERSOLL-RAND INDIA LTD | 14,428 | 53.9 | 23.43 | — | 41.6 | 54.7 | — | 26.4 |
| KIRLOSKAR BROTHERS LTD | 14,231 | 38.1 | 5.75 | 24.1 | 15.2 | 16.8 | 10.8 | 11.8 |
| KSB LIMITED | 13,955 | 56.9 | 8.22 | — | 5.7 | 6.7 | — | 12.6 |
| SHAKTI PUMPS (I) LTD | 6,085 | 28.6 | 3.57 | 13.7 | 15.1 | 19.6 | 23.7 | 10.9 |
| KIRLOSKAR PNEUMATIC COM L ◆ | 4,674 | 17.8 | 3.71 | 12.3 | 20.2 | 26.4 | — | 17.7 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 17.8 | 44.6 | 2 of 15 | 93% |
| P/B | 3.7 | 5.2 | 5 of 15 | 71% |
| ROCE | 26.4 | 16.9 | 5 of 15 | 71% |
| ROE | 20.2 | 15.2 | 5 of 15 | 71% |
| Debt / Equity | 0.0 | 0.1 | 5 of 15 | 71% |
| EBITDA margin | 17.7 | 15.8 | 5 of 15 | 71% |
| Revenue growth | 7.6 | 17.9 | 13 of 15 | 14% |
| Profit growth | 31.2 | 11.1 | 3 of 15 | 86% |
| Market cap | 4674 | 4674 | 8 of 15 | 50% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
