Capital Goods-Non Electrical Equipment · KOEL
Gensets
from 2,162 today
Kirloskar Oil Engines (KOEL)'s 1QFY27 result came below our estimate due to a miss on EBITDA margin, while overall revenue growth stood healthy at 16% YoY. We reiterate our BUY rating with a revised SoTP-based TP of INR2,800, valuing the core business at 35x on two-year forward earnings.
KOEL reported a strong 16% YoY revenue growth in 1QFY27 driven by robust domestic demand across powergen and industrial segments. We retain our BUY rating on the stock with a revised SOTP-based target price of INR 2,476.
Kirloskar Oil Engines reported 1QFY27 results below estimates due to temporary margin pressure, though overall revenue growth remained healthy at 16% YoY. We reiterate our BUY rating with a revised SoTP-based target price of INR2,800.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
