Kirloskar Pneumatic

Kirloskar Pneumatic - some brief pointers we jotted down

What does it do
Majority revenues comes from compressor segment out of which gas compression is 50%

Consolidated industry
Main players in gas compressors - atlas copco, Ingersoll rand, elgi equipment, kirloskar pneumatic

Size of opportunity
experiencing massive tailwinds due to CNG network expansion rollout. By 2030 - 100% population to be covered. >8000 cng stations to be setup in coming years

Right to win

50% market share in this segment

Optionalities
Road railer segment

New Mgt
K Srinivasan - industry veteran from Carborundum

Mgt Guidance
Increase sales from 800 crs last year to 2000 crs in 3 years

Valuations
Profits could move to 200 crs plus by fy24. EV around 2700 crs today

Key Monitorables
CNG rollout
Pvt Capex recovery
Exports traction
Product roll out
New initiatives

Skin in the Game
New ceo last year bought almost 1.2 crs worth of stock at 150 Rs from open market

Reading Material

  1. Concall Transcripts

https://www.kirloskarpneumatic.com/investors/for-share-holders/investor-presentation

Disclaimer

  1. we are not sebi registered advisors
  2. educational post, discussing business models
  3. Plz consult your financial advisor before making any investments
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