Kirloskar Oil Engines Ltd (KOEL), one of the flagship companies of the Kirloskar group, manufactures and services diesel engines and diesel generator sets. The company also makes diesel, petrol, and kerosene-based pump sets. Established in 1946, KOEL is part of the Kirloskar group and operates four cutting-edge manufacturing units in India. It has manufacturing units in Pune, Kagal, and Nashik.
The company has established itself as a prominent player in the Indian industrial machinery sector, with a presence in over 70 countries. The group exports to over 70 countries over most of Africa, Southeast Asia, and Europe. KOEL also has significant presence outside India, with local offices set up in Dubai, South Africa, Kenya, and Texas.
Its operating reportable segments are: B2B, B2C, and Financial Services. Maximum revenue is generated from its B2B segment, which includes the gensets and engines offered to businesses across different sectors. The company caters to the agriculture, power generation, and industrial sectors.
The company's comprehensive product portfolio includes diesel engines, agricultural pump sets, electric pump sets, power tillers, generating sets, and spares thereof, and provides financial services. KOEL manufactures air-cooled and liquid-cooled diesel engines and power generating sets ranging from a power output of 2.1 kVA to 1010 kVA and solutions ranging up to 5200 kVA. They also offer engines operating on alternative fuels such as biodiesel, and natural gas. Their generating sets are branded as KOEL Green Gensets in India and Kirloskar Green for exports.
B2B Segment Engines and Gensets, Industrial Engines, Power Solutions for Large / Institutional, Project Clients (Marine, Defence etc), After Sales Support, Retail Channel – Tractor spares, Oil, Batteries. The company's products are used in various sectors including telecom, engineering, manufacturing, engineering, automobile, textile, food processing, defense, and others.
The Board of Directors of the Company in its meeting held on August 7, 2024, had given its consent for manufacturing capacity enhancement for its plant situated at Kagal, Kolhapur. Existing capacity: Appx. 1,35,000 engines per annum; existing capacity utilization: Appx. 70%; proposed capacity addition: Appx. 50,000 engines per annum; period within which the proposed capacity is to be added: 3 years; investment required: INR 7,000 million; mode of financing: Combination of internal accruals and borrowings; The additional capacity will help the Company to cater the demand of its products.
The Indian Navy and Kirloskar Oil Engines (KOEL) have signed a project sanction order under Make - I, for the design and development of a 6MW Medium Speed Marine Diesel Engine, on April 2, 2025. On April 2, 2025, Kirloskar Oil Engines Limited was awarded a contract worth ₹270 Crore (US$32 million) by the Indian Navy under the Make-I scheme through which 70% of the contract would be funded by the Government of India and the rest by the company and industry.
Market Cap ₹12,420 Crore. For the financial year ended March 2025, net profit rose 10.70% to ₹489.15 Crore in the year ended March 2025, as against ₹441.87 Crore during the previous year ended March 2024. Sales rose 7.64% to ₹6,349.13 Crore in the year ended March 2025, as against ₹5,898.32 Crore during the previous year ended March 2024.
For Q4 FY25, net profit of Kirloskar Oil Engines declined 11.79% to ₹131.04 Crore in the quarter ended March 2025, as against ₹148.55 Crore during the previous quarter ended March 2024. Sales rose 5.59% to ₹1,752.89 Crore in the quarter ended March 2025, as against ₹1,660.02 Crore during the previous quarter ended March 2024.
Key financial metrics for the company include:
- Revenue: ₹1,752.89 Crore as on March 2025 (Q4 FY25).
- Net Profit: ₹126.56 Crore as on March 2025 (Q4 FY25).
- The EPS of Kirloskar Oil Engines is 9.03 for the quarter ended March 2025 and 33.71 for the financial year 2024-25.
The Board of Directors of the Company at its meeting held on May 14, 2025, inter alia, have recommended the final dividend of ₹4 per equity Share. In the quarter ending December 2024, Kirloskar Oil Engines Ltd declared a dividend of ₹2.50, translating to a dividend yield of 0.94%.
Kirloskar Oil Engines announces 16th AGM on August 7, 2025, with e-voting and books closure from August 1-7.
The company has received numerous accolades for its business practices and operational excellence. KOEL received CFBP (Council for Fair Business Practices) Jamnalal Bajaj Award for Fair Business Practices in Large Manufacturing Enterprises Category.
CRISIL Ratings has upgraded its rating on the long-term bank facilities of Kirloskar Oil Engines Ltd (KOEL) to 'CRISIL AA+/Stable' from 'CRISIL AA/Positive'. The rating on the short-term bank facilities and commercial paper programme has been reaffirmed at 'CRISIL A1+'. The upgrade follows continuing and healthy improvement in the business risk profile of KOEL, as well as maintenance of strong financial risk profile.
Kirloskar Oil Engines continues to strengthen its position as a leading manufacturer in the Indian industrial machinery sector, with expanding capacity, strategic defense partnerships, and consistent financial performance backing its growth trajectory.
