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
- Concall Transcripts
https://www.kirloskarpneumatic.com/investors/for-share-holders/investor-presentation
Disclaimer
- we are not sebi registered advisors
- educational post, discussing business models
- Plz consult your financial advisor before making any investments