Kirloskar Brothers Ltd(KIRLOSBROS)

NSE: KIRLOSBROSBSE: 500241

₹ 1,599-3.71%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 12,697 crNext results: 27 Oct 2026Website: www.kirloskarpumps.comUpdated: 24 Oct 2026

About

Kirloskar Brothers Ltd is the largest manufacturer of centrifugal pumps in India, making over 75 types of pumps with power ratings up to 50 MW and over 30 types of valves, along with motors and turbines, serving customers across 120+ countries. The company operates 17 manufacturing facilities across 6 countries, with international subsidiaries in the UK (SPP Pumps), USA (SPP Inc.), Netherlands (Rodelta), Thailand, and South Africa. In FY26, consolidated revenue was Rs 4,538 crore, with a pending order book of Rs 39,488 million as of 31 March 2026.^[1][2][3]

Products and portfolio

KBL manufactures over 75 types of pumps with power ratings up to 50 MW, flow capacities up to 1,20,000 m³/hr and heads up to 3,200 metres, serving a wide range of end industries.^[1]
The valve range covers over 30 types with diameters from 6 mm to 5 metres; KBL also makes low-tension induction motors and PICO, PAT and mini hydel turbines from 0.5 kW to 10 MW.^[1]
IoT-enabled products KirloSmart™ 2.0, KirloSmart™ Fire and KirloSmart™ Nano were launched in FY26 for real-time monitoring and predictive maintenance.^[1]
The PetroTurbo submersible canned motor pump for retail petroleum outlets is a newly developed product; orders to supply ~17,000 pumps for retail fuel outlets were secured in FY26.^[1]
EPC share of standalone revenue fell from 10% in FY20 to 3% in FY26, reflecting a deliberate shift toward products, services and value-added engineered solutions.^[3]

Manufacturing operations

KBL operates 17 manufacturing facilities including 7 overseas, spread across 6 countries on 4 continents.^[1]
Kirloskarvadi (Maharashtra): capacity 6,000+ pumps/month rated 5 kW - 30 MW and valves 6 mm - 5,000 mm, with 3,000+ employees.^[1]
Dewas (Madhya Pradesh): capacity 84,000+ pumps/month rated 0.37 - 22 kW, with 1,000+ employees.^[1]
Sanand (Gujarat): capacity 25,000+ pumps/month rated 0.37 - 44 kW, with 200+ employees.^[1]
Kaniyur (Tamil Nadu): capacity 1,60,000+ pumps/month rated 0.37 - 1.1 kW, with 160+ employees; 100% women-operated.^[1]
KBTL Thailand received FM/UL approval as a manufacturing site in FY26, enhancing competitiveness in Middle East and Far East markets; sales were THB 491 million with PBT of THB 19.8 million.^[1]

Order book and inflows

Total consolidated pending order book was Rs 40,622 Mn in Q1FY27, up from Rs 33,450 Mn in Q1FY26; domestic book Rs 25,577 Mn and overseas book Rs 15,045 Mn.^[4]
Consolidated order inflows were Rs 13,954 Mn in Q1FY27, +4% YoY.^[4]
As of 31 March 2026 the consolidated order book was Rs 39,488 Mn, 62% domestic and 38% overseas.^[1][3]
Management guided that approximately two-thirds of the Rs 25,577 Mn domestic pending order book (excluding small pumps) is executable in FY27.^[4]
Power segment standalone order book stood at Rs 5,992 Mn as of Q1FY27.^[4]

Key operating metrics

KBL standalone EBITDA margin was 13.7% in Q1FY27, up 90 bps YoY; consolidated EBITDA margin was 11.8%, down 121 bps YoY.^[4]
SPP Inc. USA EBITDA margin was 16.0% in Q1FY27; KBIBV group EBITDA margin was 5.2%, down from 7.0% in Q1FY26.^[4]
SPP UK turned EBITDA-negative at -0.5% in Q1FY27 as chemical and petrochemical service contracts idled amid European energy cost pressures.^[4]
New and focused products in the small pumps business contributed 49% by quantity and 22% by value in FY26.^[1]
KBL's firefighting market share in India was 55 - 60% and in the US was 15 - 20% as of Q2FY26.^[5]

Customers and distribution

KBL has a global network of over 16,000 channel partners and a pan-India network of authorised service and refurbishment centres.^[1]
KBL serves customers across 6 continents and 120+ countries, with local presence across all major trading blocs.^[1]
SPP Inc. (USA) expanded its distributor network from 12 to 46 by FY26, adding Core & Main as a second national distributor alongside Ferguson.^[3]
Named customers include Adani Power (concrete volute pumps across six thermal power projects), NPCIL (nuclear pumps), IOCL (PetroTurbo), and airports at Navi Mumbai, Guwahati and Noida.^[1]
KBL/SPP is an approved supplier to Amazon, Meta and Equinix data centers in the US and Southeast Asia.^[6]

Nuclear and defence segment

KBL engineered and supplied Primary and Secondary Heat Transport Pumps for the 500 MWe Prototype Fast Breeder Reactor at Kalpakkam, which attained criticality in FY26.^[1]
KBL received ~Rs 70 cr of primary circuit pump orders and ~Rs 40 cr of secondary circuit pump orders for nuclear power plants in Q1FY27.^[4]
KBL's Advanced Technology Product Division received ISO 19443 certification from DNV for nuclear quality management systems.^[1]
KBL supplied advanced canned motor pumps for INS Taragiri and INS Udaygiri for India's marine and defence sector.^[1]

International subsidiaries

SPP Pumps Ltd. (UK) was named Pump Industry Awards Manufacturer of the Year for the fourth consecutive year in FY26; SPP Group order book was £101 Mn as of Q4FY26.^[1][3]
SPP UK EBITDA margin fell from 12.3% in FY25 to 7.4% in FY26 as high UK energy costs idled energy-intensive industries, reducing service contract revenues.^[3]
SPP UK won the United Utilities framework contract in FY26; KBL is also pursuing water utility service frameworks to replace declining industrial service revenues.^[6]
KPML (domestic subsidiary) earned CII GreenCo Platinum Rating; its EBITDA margin fell from 12.5% in Q1FY26 to 7.3% in Q1FY27 following the merger of loss-making TKSL (steel castings) effective December 2025.^[1][4]

Expansion and new products

FY27 capex is expected to equal depreciation, focused on modernisation, debottlenecking and quality requirements rather than large greenfield additions.^[4]
Foundry modernisation at Kirloskarvadi was completed by Q1FY27; the disruption had cut daily castings from ~700 to 200 - 300 and depressed FY26 revenue; dispatches improved meaningfully in August 2026.^[4][6]
PetroTurbo cumulative bookings reached ~Rs 217 cr as of end-Q1FY27, with Rs 74 cr dispatched in the prior year; KBL is qualified by all 3 - 4 large PSU buyers.^[4]
SPP USA is in final steps of signing a multinational framework contract with a major global data center operator covering global locations.^[4]
Nuclear primary heat transport pump: hydraulic and mechanical performance proved; metallurgy clearance expected by end of August 2026; KBL expects to participate in the current NPCIL fleet tender.^[4][3]

Market Cap

₹12,697 Cr

High / Low

₹2,192 / 1,333

Stock P/E

34.0

Price / Book

5.2

Book Value

₹310

EPS

₹47.0

No. of Shares

7.94 Cr

ROCE

21.6%

ROE

16.4%

OPM

11.3%

Debt / Equity

0.08

Sales

₹4,538 Cr

Net Profit

₹377 Cr

Promoter holding

66.0%

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Kirloskar Brothers Ltd(KIRLOSBROS)

About

Products and portfolio

Manufacturing operations

Order book and inflows

Key operating metrics

Customers and distribution

Nuclear and defence segment

International subsidiaries

Expansion and new products

Signal history

The analysis Screener can't give you

AI Deep Dive

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Company data

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