Kirloskar Brothers Ltd. · NSE:KIRLOSBROS
Kirloskar Brothers — Q4 FY25 Earnings Presentation
50 slides from Kirloskar Brothers's earnings presentation, May 14, 2025
Slide 1: Exchange intimation letter for investor presentation
SEC/ F:25 May 14, 2025 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department, 5th Floor, Exchange Plaza, 2nd Floor, New Trading Ring, Bandra (East), Phiroze Jeejeebhoy Towers, Mumbai - 400 051. Dalal Street, Mumbai – 400 001. (BSE Scrip Code – 500241) (NSE Symbol - KIRL
Slide 2: Investor Presentation Q4 & FY25
KIRLOSKAR BROTHERS LIMITED Established 1888 A Kirloskar Group Company INVESTOR PRESENTATION Q4 & FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Kirloskar Brothers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any se
Slide 4: Financial Highlights
Financial Highlights 3
Slide 5: Q4 & FY25 Consolidated Highlights
Q4 & FY25 Consolidated Highlights Q4 FY25 FY25 Rs. 1,281 crores +5% y-o-y Rs. 4,492 crores +12% y-o-y Revenue from Operations Revenue from Operations Rs. 215 crores -6% y-o-y Rs. 681 crores +18% y-o-y EBITDA (Margin: 17%) EBITDA (Margin: 15%) Rs. 138 crores -10% y-o-y Rs. 419 crores +20% y-o-y PAT (
Slide 6: Consolidated Financial Trend
Consolidated Financial Trend Revenue (Rs.in Crs.) EBITDA Margin (%) PAT Margin (%) 1,281 18.6% 12.5% 1,224 1,144 16.8% 16.0% 10.4% 10.8% 1,031 1,036 15.1% 965 14.3% 9.3% 900 913 12.8% 8.5% 12.3% 10.6% 7.1% 6.4% 5.6% Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY24 Q2FY24 Q3FY24 Q4FY24
Slide 7: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (In Rs. Cr.) Q4FY25 Q4FY24 YoY FY25 FY24 YoY Net Revenue from Operations (Net of Excise) 1,281.3 1,223.8 4.7% 4,492.2 4,001.2 12.3% Other Income 25.5 36.3 71.9 58.6 COGS 622.1 593.7 2,197.8 1,983.0 Gross Profit 684.7 666.4 2.7% 2,366.3 2,076.8 13.9% G
Slide 8: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (Rs.in Crs.) 31st March 25 31st March 24 Particulars (Rs.in Crs.) 31st March 25 31st March 24 Non Current assets Equity Property, Plant and Equipment 590.8 578.7 Equity Share capital 15.9 15.9 Capital work in progress 33.7 32.0 Intangible assets 7.9 4
Slide 9: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs.in Crs.) FY25 FY24 Profit Before Taxes 559.1 480.6 Changes in working capital -10.0 20.4 Cash generated from operations 549.1 501.0 Direct taxes paid (net of refund) 160.2 126.4 Net Cash from Operating Activities 388.9 374.6 Net Cash from Investing Ac
Slide 10: Q4 & FY25 Key Financials Performance
Q4 & FY25 Key Financials Performance (Rs.in Crs.) KBL KCPL KPML* KBIBV Elimination Total Companies Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Revenue 885.4 899.7 14.0 11.0 166.2 167.6 376.6 321.9 -160.9 -176.4 1,281.3 1,223.8 EBITDA 151.7 180.4 3.0 2.7 17.3 2
Slide 11: Q4 & FY25 KBIBV Group Financials
Q4 & FY25 KBIBV Group Financials (Rs.in Crs.) KBTL (Thailand+ SPP UK SPP Inc (USA) Dutch Group SPP Mena SA Group KBIBV Standalone Elimination KBIBV Group Singapore) Companies Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24 Q4FY25 Q4FY24
Slide 12: Domestic & Overseas Orderbook Position
Domestic & Overseas Orderbook Position Robust Orderbook Implying Strong Revenue Visibility Orderbook and Pending Order Position (In Rs. crores) Standalone Pending Order book (In Rs. crores) Domestic Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Sector^ Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Orders receiv
Slide 13: About Us
Enriching Lives
Slide 14: Company at Glance
Company at Glance One of the 1st AtmaNirbhar organization. India’s 1St Manufacturing Strategically located across various trading Inherent & largest pump manufacturer. Made some of blocks – Expanding geographic presence with Strength Built Presence Since Facilities India’s 1st engineering products i
Slide 15: Legacy of 135+ Years
Legacy of 135+ Years IDEATE INNOVATE IMPLEMENT 1888-1920 2010-2020 2021 Onwards 1941-1958 1988-2009 Strategic & Technology Establishment Phase Restructuring Phase Acquisition Phase Monetise Expansion • 1888 : Establishment • 1941 : Divested machine • 1988 : Established Kirloskar • 2010 : Acquired •
Slide 16: Our Business & Product Line
Our Business & Product Line Our Business Our Product Line Large & Medium Small pumps for day-to- Flow up to Pumps ranging Pump Head up to pumping solutions for 75+ Types of 28+ Types of day use at households 120,000 m³/hr. from 0.3 KW to 3,200 m complex fluid Pumps Valves and farms (529,000 US GPM)
Slide 17: Exemplary Endeavors: Charting Our Path of Impact
Exemplary Endeavors: Charting Our Path of Impact Building & Construction Power Hong Kong–Zhuhai– Marina Bay Sands, Bhavini Fast Breeder Prairie State Energy, The Shard, UK ITER, France CGPL Mundhra, India Macau Bridge Singapore Reactor, India Illinois, US KBL is first & leading manufacturer of criti
Slide 18: State-Of-The-Art Manufacturing Facilities
State-Of-The-Art Manufacturing Facilities KIRLOSKARVADI, Est. in 1910 DEWAS, Est. in 1962 KANIYUR, Est in 2011 Dedicated for domestic pumps. World’s 1st & only 2nd largest plant with well-equipped facility for KBL’s 1st plant, with facilities starting from foundry to pump plant to deploy 100% women
Slide 19: Our Innovative Solutions
Our Innovative Solutions Solar Pumping System Pump Selection Package KirloSmart Fire IoT based remote monitoring solution Lowest Life-Cycle Cost (LLC) Pump Pumps for Nuclear Power Plant Application KirloSmart Augmented Reality Mobile Training PICO Additive Manufacturing 3D Printer 18
Slide 20: Global Footprint Through Local Presence
Global Footprint Through Local Presence Corporate Office and Global Headquarters 1. Pune, India Overseas Presence 2. Atlanta, US 3. Coleford, UK 4. Almelo, The Netherlands 5. Johannesburg, South Africa 6. Jebel Ali, UAE 7. Cairo, Egypt 8. Bangkok, Thailand Manufacturing Plants 9. Kirloskarvadi, Indi
Slide 21: Highly Qualified Management Team
Highly Qualified Management Team Mr. Sanjay Kirloskar Mr. Alok Kirloskar Ms. Rama Kirloskar Mr. Bhavesh Chheda Director – KBL Chairman & Managing Joint Managing Director- KBL Managing Director – SPP UK Chief Financial Officer Director Managing Director – KEPL CEO – KBI B.V. • Holds Bachelor’s in Sci
Slide 22: Board of Directors
Board of Directors Mr. M. S. Unnikrishnan Mr. Shrinivas V. Dempo Mr. Shobinder Duggal Ms. Ramni Nirula Independent Director Independent Director Independent Director Independent Director • Former MD & CEO of Thermax Group • M.Sc. in Industrial Administration & Finance from • Bachelors in Economics (
Slide 23: Long Standing Relationships with Marquee Clientele
Long Standing Relationships with Marquee Clientele.. All logos are the property of the respective owners 22
Slide 24: Our Joint Ventures & Subsidiaries
Our Joint Ventures & Subsidiaries 23
Slide 25: Group Structure
Group Structure Kirloskar Brothers Limited Karad Projects and Kirloskar Corrocoat Kirloskar Ebara Pumps Kirloskar Brothers International Motors Ltd. (100%) Pvt. Ltd. (65%) Ltd. (45%) B.V. (The Netherlands) (100%) The Kolhapur Steel Ltd. (100%) SPP Pumps Kirloskar Pompen Rodelta Pumps Kirloskar Broth
Slide 26: Leveraging the localised global presence
Leveraging the localised global presence KBL is leveraging the localised global presence through cost-synergies, duty-free access and local sourcing norms • Reduction in turnaround time • Lower freight costs • Subsidiaries do local value addition in terms of Cost components, repair, maintenance and
Slide 27: Kirloskar Brothers International B.V., The Netherlands
Kirloskar Brothers International B.V.*, The Netherlands • Wholly owned subsidiary of Kirloskar Brothers Limited Genesis • SPV established as an Investment Company for all international businesses Particulars FY21 FY22 FY23 FY24 FY25 • Fire fighting pumps & Products • Bi-directional Axial Flow pumps
Slide 28: SPP Pumps Limited
SPP Pumps Limited • 145+ years of heritage with R&D, manufacturing and test facilities in the UK Particulars FY21 FY22 FY23 FY24 FY25 • 1st in the world to offer a Factory Mutual approved MSMO pumps for efficient and cost-effective fire protection in high-rise buildings Revenue (£ Mn.) 75.5 73.4 94.
Slide 29: Dutch Entities Consolidated
Dutch Entities Consolidated • Established by Sulzer in 1946, acquired by KBL in June 2015 is a leading Particulars FY21 FY22 FY23 FY24 FY25 manufacturer of API and Non-API pumps Revenue (€ Mn.) 8.6 3.9 6.9 6.6 8.8 Genesis • R&D, manufacturing and test facilities in Almelo, Netherlands EBITDA (€ Mn.)
Slide 30: Kirloskar Brothers (Thailand) Limited, Thailand
Kirloskar Brothers (Thailand) Limited, Thailand • FM approved Assembly and packaging for sales of centrifugal pump-sets in Particulars FY21 FY22 FY23 FY24 FY25 South-East Asia Revenue (THB in Mn.) 344.1 372.7 586.8 386.8 529.1 Genesis • Provides duty-free access to fast-growing ASEAN region through
Slide 31: Braybar Pumps Limited, South Africa
Braybar Pumps Limited, South Africa • Manufacturing and sales of high head multi-stage pumps, rubber lined slurry Particulars FY21 FY22 FY23 FY24 FY25 pumps and white metal lined bearings Revenue (ZAR Mn.) 71.5 77.8 107.6 104.2 107.2 Genesis • Successfully overcome BBBEE regulations and turned aroun
Slide 32: Karad Projects And Motors Limited (KPML)
Karad Projects And Motors Limited (KPML) • KPML is a wholly owned subsidiary of KBL. Particulars FY21 FY22 FY23 FY24 FY25 • 3 manufacturing plants located at Karad, Maharashtra, India. Revenue (Rs. Crores) 308.4 477.5 515.1 506.5 574.3 Genesis • Expertise in manufacturing Electrical Stampings, Stato
Slide 33: Kirloskar Ebara Pumps Limited
Kirloskar Ebara Pumps Limited • JV in 1988 between KBL and Ebara Corporation to manufacture and supply Particulars FY21 FY22 FY23 FY24 FY25 rotary equipment like process pumps, boiler feed water pumps, steam turbines for mechanical drive and steam turbine generators, etc. required for critical Reven
Slide 34: The Kolhapur Steel Limited (TKSL)
The Kolhapur Steel Limited (TKSL)* • Established in the year 1965. Particulars FY21 FY22 FY23 FY24 FY25 • TKSL is a wholly owned subsidiary of KPML Genesis • Steel castings in the weight range of 300 kg-10 tonne single piece casting Revenue (Rs. Crores) 20.9 31.4 45.6 53.4 27.6 • State-of-the-art fa
Slide 35: Kirloskar Corrocoat Private Limited
Kirloskar Corrocoat Private Limited • JV between KBL and Corrocoat Ltd. U.K. Company manufactures glass flake Particulars FY21 FY22 FY23 FY24 FY25 polymer coatings at its state-of-the-art plant at Kirloskarvadi , Maharashtra. Revenue (Rs. Crores) 20.1 25.8 35.3 40.5 60.1 Genesis • Undertakes turnkey
Slide 36: Strategic Focus
Strategic Focus 35
Slide 37: A Unique Value Proposition
A Unique Value Proposition Global Presence – Leveraging Brand Value & Domain Expertise • KBL is a global company with local presence across all major End to end offering – One Stop Solution trading blocks. • From Conceptualization to Manufacturing to Implementation • Manufacturing locations spread a
Slide 38: Staying Ahead of the Curve through Digital Initiatives
Staying Ahead of the Curve through Digital Initiatives Leading towards Digital Transformation In Pumps Industry • Over a decade, KBL has strategically invested in various strategic digital initiatives like: 3D Printing AI-ML • Virtual Reality (VR) • Augmented Reality (AR) • Artificial Intelligence (
Slide 39: Subscription Platform - Creating Market Opportunity
Subscription Platform - Creating Market Opportunity Subscription platform is aimed towards leveraging the technological and domain expertise to create a scalable and sustainable business Market Opportunities • Scalable & Universal: o The proprietary algorithm keeps on improving Traditional Solution
Slide 40: Way Ahead
Way Ahead…. KBL has strategically reduced EPC business exposure and increased contribution from Services & Value-Added Products • Reduced exposure in low margin, lumpy and WC Increased focus on Services and Reduced EPC Business exposure intensive EPC orders since 2008. Value-Added Products • Share o
Slide 41: Historical Performance
Historical Performance 40
Slide 42: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated Revenue (Rs. Crores) EBITDA (Rs. Crores) PAT (Rs. Crores) 4,492.2 681.1 418.7 4,001.2 3,730.2 578.2 349.7 3,057.6 2,716.5 426.3 235.8 294.3 238.5 160.7 94.3 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA Margin (%) PA
Slide 43: Historical Financial Performance - Consolidated
Historical Financial Performance - Consolidated EPS (in Rs.) Net Worth (Rs. Crores) Leverage (X) 52.3 2,101.4 0.3 43.8 1,724.1 0.3 1,407.4 0.2 29.6 1,107.2 1,180.2 20.3 0.1 0.1 11.9 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 RoCE (%) RoE(%) 28.0% 22.3% 21.9% 26.4% 21.
Slide 44: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Net Revenue from Operations (Net of Excise) 2,716.5 3,057.6 3,730.2 4,001.2 4,492.2 Other Income 53.8 32.4 27.3 58.6 71.9 Materials Consumed 1,449.5 1,680.3 1,954.7 1,983.0 2,197.8 Gross Profit 1,320.8 1,409.7 1,8
Slide 45: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Non Current assets Equity Property, Plant and Equipment 428.4 487.0 481.4 578.7 590.8 Equity Share capital 15.9 15.9 15.9 15.9 15.9 Capital work in progress 72.9 2
Slide 46: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crores) FY21 FY22 FY23 FY24 FY25 Profit Before Taxes 182.1 135.5 318.1 480.6 559.1 Changes in working capital 170.1 18.8 81.3 20.4 -10.0 Cash generated from operations 352.2 154.3 399.4 501.0 549.1 Direct taxes paid (net of refund) 35.8 41.4 67.4 126
Slide 47: Awards & Accolades
Awards & Accolades Dewas - Golden Peacock National Quality SPP Pumps UK - Manufacturer of the Year at Dewas - Received The Award For Excellence In Award prestigious Pump Industry Award (PIA), marking Consistent TPM Commitment 3rd consecutive win in 2023, 2024, and 2025. Dewas – Greenco Gold certifie
Slide 48: ESG Initiatives
ESG Initiatives Environmental Social Governance • Solar & wind power contribute 20%-22% of total power • Vikas Charitable Trust established in 1994 • Sustainability reporting since 2009-10 and integrated consumption • CSR activities revolves around Education, Employment, reporting since 2018-19 • 5
Slide 49: Shaping Tomorrow: A Commitment to SCR
Shaping Tomorrow: A Commitment to SCR All-women operated manufacturing facility in Kaniyur & 35% women workforce in Sanand factory is testimony towards gender equality and women empowerment KBL conducts an array of activities and campaigns throughout the year. The company focuses on three areas for
Slide 50: Thank You
THANK YOU For further information, please contact Company Investor Relations Advisor CIN: U74140MH2010PTC204285 CIN: L29113PN1920PLC000670 Ms. Ami Parekh / Mr. Pratik Shah Mr. Bhavesh Chheda E: ami.parekh@sgapl.net / p.s.shah@sgapl.net Email: bhavesh.chheda@kbl.co.in T: +91 8082466052 / +91 98700305