Kilburn Engineering Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Kilburn Engineering Ltd trades at ₹358, in a downtrend and 21 weeks into that stage. That is −25.9% against its own 200-day average. It sits at 0% of a 52-week range of ₹358 to ₹591. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (19 weeks and counting).

Today the stock is in a downtrend — week 21 of stage 4, confirmed. At ₹358 it trades −25.9% versus its 200-day average and sits at 0% of its 52-week range (₹358–₹591).

Against the market, two honest reads. Cumulative: over the last 10.3 years the stock moved +529% while the NIFTY 500 moved +258% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (19 weeks and counting; last ahead the week of 2026-05-08) — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Kilburn Engineering Ltd trades at 22.8× P/E, about the cheapest it has ever traded. Its long-run median P/E is 33.3×, measured across 2.2 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 22.8× is about the cheapest it has ever traded, against a long-run median of 33.3× measured over 2.2 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

Why the multiple sits where it does: over the past year annual EPS moved +38.2% against a −34.4% price move — earnings outran the price, pushing the multiple DOWN its own range.

Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

At its price on 13 June 2026, Kilburn Engineering Ltd was priced for profit growth of about 15.1% a year. Profit itself has compounded 37.2% a year over the past 2 years. The market pays that at 22.8× P/E, the 2nd percentile of its own 2-year range.

What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered. Both readings sit on the same earnings, so they are one reading rather than two.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements. Every other number on this page is read off the live quote.

Stage: No read Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Kilburn Engineering Ltd reads as no read on its fundamental arc. Under eight usable quarters on the growth trio — not enough history for an honest trajectory read. The read is built from 6 quarters across 0 curves, on partial evidence.

Why it matters: with too little history, an honest page says so instead of guessing a trajectory.

One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

Fewer than eight usable quarters on the growth curves — this page will not guess a trajectory from a stub of history.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Kilburn Engineering Ltd reported ₹117 Cr of revenue in the Jun 26 quarter, −9.3% year on year. Over 2 years it has compounded at 38.3% a year. The last full year, FY26, came in at ₹629 Cr. The last four reported quarters add to ₹617 Cr.

FY26 revenue came in at ₹629 Cr (+48.3% on the year), capping 2 years at 38.3% compound. The latest quarter (Jun 26) printed ₹117 Cr, −9.3% year on year.

Pace check: the last four quarters averaged +33.3% growth against the decade's 38.3% — the current year is running slower than its own long-run rate.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Kilburn Engineering Ltd's operating margin is 18.0% in the Jun 26 quarter, −8.0 percentage points against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 23.0% to 24.0%. The current quarter is running below every full year in that window.

The latest quarter's operating margin is 18.0%, −8.0 pp against the same quarter a year ago. Across 3 fiscal years the operating margin has ranged 23.0%–24.0%.

🚨 Why the margin moved: operating margin went −8.1 pp year on year while gross margin went +2.7 pp — the loss came mostly below the gross line: operating leverage, with costs spread over a bigger revenue base.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Kilburn Engineering Ltd earned ₹13.0 Cr of net profit in the Jun 26 quarter, −38.1% year on year. Full-year FY26 profit was ₹96.0 Cr. The 2-year compound rate is 37.2%. That is 11.1% of the quarter's revenue. The same quarter a year earlier earned ₹21.0 Cr.

Jun 26 profit was ₹13.0 Cr, −38.1% year on year. On the full year, FY26 printed ₹96.0 Cr (+54.8%), and the 2-year compound rate is 37.2%.

🚨 Why profit moved: revenue contributed −9.3% and the margin −8.0 pp — the quarter was revenue-led despite a thinner margin.

Pace comparison, last four quarters: profit +30.1% vs revenue +33.3%. Profit is growing slower than sales — costs are eating the growth before it reaches the bottom line.

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years −1% of Kilburn Engineering Ltd's reported profit arrived as operating cash — a gap worth watching. In FY26 that was ₹−18.0 Cr of operating cash against ₹96.0 Cr of profit. After ₹20.0 Cr of capital spending, ₹−38.0 Cr was left as free cash.

FY26: operating cash of ₹−18.0 Cr against reported profit of ₹96.0 Cr, leaving free cash of ₹−38.0 Cr after ₹20.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is −1% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

🚨 Why conversion sits at −1%: the cash cycle stretched 49 days between FY24 and FY26 — more of each rupee of profit waits inside the cycle before arriving. Less than 70% of profit arriving as cash is the thing to watch on this page.

Router verdict: conversion is below par and the cash cycle has stretched 49 days — the next section's job is to find where the cash is stuck.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Kilburn Engineering Ltd's cash conversion cycle runs 107 days in FY26, up from 58 days in FY24. Capital spending ran ₹152 Cr over the last 2 years. At FY26 sales of ₹629 Cr each day of that cycle holds about ₹1.7 Cr, so roughly ₹184 Cr sits inside the business at any moment.

FY26: debtors at 117 days, inventory at 62 days — roughly 2.0 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 107 days, looser than FY24's 58.

The full loop: cash goes out to suppliers and production on day 0; stock waits 62 days to sell; customers pay about 117 days after that; and suppliers themselves are paid at 73 days — netting out to the 107-day cycle.

In money terms: at FY26 sales of ₹629 Cr, each day of the cycle holds about ₹1.7 Cr — so the 107-day loop keeps roughly ₹184 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹152 Cr over the last 2 fiscal years against ₹19.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹5.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the working-capital loop is the cash sink the router flagged — watch the cycle, not the P&L.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Kilburn Engineering Ltd earns a ROCE of 23% in FY26. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 15.3% net margin on 0.70× asset turns.

FY26 ROCE is 23%.

Why the return is what it is — the wiring (FY26): 15.3% net margin × 0.70× asset turns × 1.37× balance-sheet leverage ≈ 14.7% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Kilburn Engineering Ltd carries ₹90.0 Cr of borrowings against ₹654 Cr of equity in FY26, a debt-to-equity of 0.14. Operating profit covers the interest bill 10×. Over 2 years borrowings went from ₹85.0 Cr to ₹90.0 Cr. Capital spending ran ₹152 Cr across the last 2 of those years.

FY26: borrowings of ₹90.0 Cr against equity of ₹654 Cr — a debt-to-equity of 0.14. Operating profit covers the interest bill 10×. Over 2 years borrowings went from ₹85.0 Cr to ₹90.0 Cr while capital spending ran ₹152 Cr in just the last 2 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Domestic institutions added 7.6 points of Kilburn Engineering Ltd over 8 quarters, the biggest move on the register. That takes domestic institutions to 7.6% of the company. Promoters moved −6.3 points over the same window, to 44.5%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Domestic institutions: +7.6 points over 8 quarters to 7.6%; Promoters: −6.3 points over 8 quarters to 44.5%; Foreign institutions: +0.9 points over 8 quarters to 1.1%.

Why the register moved: domestic institutions drove it (+7.6 points), absorbed on the other side by promoters (−6.3 points) — steady accumulation by institutions reading the same numbers this page reads.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Kilburn Engineering Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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