Kirloskar Oil Engines

Kirloskar Oil Engines

Jagran Prakashan, JK Tyres, Jyoti Structures, Kalpataru Power, Kansai Nerolac Paints, KS Oils, Kirloskar Oil Engines, Koutons Retail, Lanco Infratech

Jagran Prakashan, JK Tyres, Jyoti Structures, Kalpataru Power, Kansai Nerolac Paints, KS Oils, Kirloskar Oil Engines, Koutons Retail, Lanco Infratech

Kirloskar Oil Engines

Kirloskar Oil Engines

Kirloskar Oil Engines promoters pledge shares

Diesel engines manufacturer Kirloskar Oil Engines today said one of its promoter Kirloskar Systems has pledged 4.55 per cent stake for an undisclosed amount.

The company informed the Bombay Stock Exchange that Kirloskar Systems has pledged 88,30,000 shares representing 4.55 per cent on the company.

Shares of Kirloskar Oil Engines closed at Rs 35.30, up 0.86 per cent on the BSE.

Kirloskar Oil Engines, AIA Engineering

Kirloskar Oil Engines, AIA Engineering

Anagram - Daily Call, Emkay Morning Notes, Kirloskar Oil Engines, ACC

Anagram - Daily Call - Apr 24

Emkay Morning Notes, Kirloskar Oil Engines, ACC

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Geojit Research Desk-Kirloskar Oil

Geojit Research Desk-Performance Summary

Emkay Morning Notes, Kirloskar Oil Engines

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Emkay - Kirloskar Oil Engines

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Thanks Sulagna

Emkay - Morning Notes + Satyam Computers, KPIT Cummins, Bharat Forge, Kirloskar Oil Engines

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ENAM - Kirloskar Oil Engines, BRICS PCG - Bajaj Auto

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Capita Telefolio Volume No 13, Issue No 5 dated Saturday, 23rd December 2006

Capita Telefolio Volume No 13, Issue No 5 dated Saturday, 23rd December
2006.

The following recommendation is based on price as on Friday, 22nd December
2006.

BUY: Kirloskar Oil Engines at Rs 268

Now full details:

BUY : Kirloskar Oil Engines at Rs 268
BSE Code : 500243
NSE Symbol: KIRLOSOIL
Face Value: Rs 2

The company is all set to capitalize on the buoyant demand arising from its
user industries like agriculture, industrial, mining, material handling and
automobiles sectors

Actual EPS for March 2005 : Rs 9.0
Actual EPS for March 2006 : Rs 12.5
Projected EPS for March 2007 : Rs 18.0

End of Capita Telefolio Volume No 13, Issue No 5 dated Saturday, 23rd
December 2006

Kirloskar Oil Engines: Buy

Long-term investments can be considered in the stock of Kirloskar Oil Engines (KOEL), a leading player in the diesel engine business. The stock trades at a price-earnings multiple of 13 times its likely per-share earnings for FY08.

Given the positive demand outlook for engines, coupled with the favourable economic environment and the company's capex plans, we believe the stock has potential to appreciate. Any dips in price may be used as a buying opportunity.

The demand for power generation has been driven by the growth in services sectors such IT, telecom and retail. We believe KOEL is well positioned to capitalise on this growing demand with its proficiency in the engines segment. Moreover, the inability of some of its competitors to meet emission and noise norms set by the Government also augur well.

In the agriculture equipment market, it supplies engines to the tractor OEMs. KOEL also supplies engines to the construction and industrial machinery original equipment manufacturers (OEMs). Hence, expected growth in infrastructure and mining sector should rub-off positively on KOEL. However, in the large engines segment, growth will be largely dependent on the marine engine sales only.

In the auto component segment, KOEL supplies bimetal bearings and engine valves to OEMs. However, a major chunk of its revenue is derived from spare part sales, where it faces stiff competition. Nevertheless, on the revenue front, contributions from both the engine and auto components have registered a double-digit growth. For the half-year ended September 2006, the engines segment grew by 49 per cent in revenues; the auto components division registered a growth of 17 per cent.

Delays in public spending, entry of foreign players, rising raw material costs and an inability to pass on input cost hikes fully to customers would pose downside risks to our recommendation.

Way2Wealth - Various Reports

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