Kirloskar Pneumatic Company share price today

Kirloskar Pneumatic Company Ltd's share price was ₹574.20 at the close on 4 November 2026. It has been falling for 2 weeks. That is 17.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹514 and ₹999, and at that close it sat 12% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Kirloskar Pneumatic Company Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 11 years the share price moved +712% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue fell in the September 2026 quarter, profit fell in the September 2026 quarter and indian funds and insurers (DIIs) cut their stake for 3 quarters in a row.

1. Revenue fell in the September 2026 quarter

   Revenue was ₹326 crore, -15.5% on a year earlier (₹386 crore), after 3 quarters of growth.

2. Profit fell in the September 2026 quarter

   Profit was ₹40 crore, -9.1% on a year earlier (₹44 crore), after 3 quarters of growth.

3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row

   From 28.2% to 25.3% of the company by the September 2026 quarter.

For July to September 2026 (the quarter ended 30 September 2026), Kirloskar Pneumatic Company reported revenue of ₹326 crore, down 15.5% from ₹386 crore a year earlier, and a profit of ₹40.0 crore, down 9.1% from ₹44.0 crore.

Kirloskar Pneumatic Company results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 27 April 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Kirloskar Pneumatic Company closed at ₹574.20 on 4 November 2026, up 7.5% from ₹534.35 a year earlier (7 November 2025) and up 186.3% over five years. Its highest weekly close since March 2016 was ₹998.90 on 1 July 2026.

Kirloskar Pneumatic Company share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Kirloskar Pneumatic Company closed at ₹574.20, up 6.7% on the week and down 15.8% on the month. Results for July to September 2026: Revenue down 15.5% and profit down 9.1% on a year earlier.

Earlier

• 18 Aug 2026: Share split: face value cut from ₹2 to ₹1 a share (ex-date).
• 3 Jul 2026: ex-date for a dividend of ₹8.50 a share.
• Our read, 17 May 2026: Record order book, PLI-backed new product pipeline, and management credibility on delivery, offset by a pattern of guidance downgrades and opaque segment disclosures.
• 27 Apr 2026: Kirloskar Pneumatic Company held its results call for January to March 2026.
• 30 Jan 2026: ex-date for an interim dividend of ₹3.50 a share.

Our read of the business

Latest quarter: Record profit before tax and order book, but guidance credibility deteriorated on four fronts.

Our read after the latest results, written 17 May 2026.

Kirloskar Pneumatic Company paid ₹6 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 1.04% at the ₹574.20 close on 4 November 2026. The last was a dividend of ₹8.50 a share, ex-date 3 July 2026.

Kirloskar Pneumatic Company dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 2 of the last 12 months' payments came before a split or bonus; the 12-month total above is on today’s share count.

Yes. Kirloskar Pneumatic Company Ltd paid out 30% of its profit as dividends in FY26, and it paid a dividend in each of its last 16 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 27 April 2026, Kirloskar Pneumatic Company's management spoke about the quarter; the main points are below.

“Our team is capable of doing the innovation and engineering, and we developed these products ourselves”Ramesh Birajdar, CFO, on the call for January to March 2026

Source: the call transcript.

From the call for January to March 2026, 27 April 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Kirloskar Pneumatic Company, from the latest results and calls: record order book execution, pli-backed zephyros ac platform and operating leverage + backward integration.

• Record Order Book Execution. ₹1,853 crore order book at April 1, 2026 to 15% on a year earlier growth, ₹1,353 crore (73%) executable in FY27, gives the strongest revenue visibility in company history. ⚠ estimate
• Operating Leverage + Backward Integration. Raw material as % of sales improved 630 basis points to 50.06% in January to March 2026, backward integration into motors, heat exchangers, sheet metal providing structural COGS tailwind. ⚠ estimate
• Tesco Centrifugal Compressor Franchise. India's only complete centrifugal compressor manufacturer, 130 units in field, 85 commissioned, expanding into pharma/tire/textiles beyond core metals and power. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 17 May 2026.

Order book ₹1,853 crore as of April 1, 2026 to 15% on a year earlier growth from ₹1,624 crore; ₹1,353 crore (73%) executable within FY27.

• FY26 order booking exceeded ₹2,000 crore for the first time (vs ₹1,871 crore in FY25); profit before tax ₹356 crore (highest ever), EPS ₹39.80 (+22%), Dividend ₹12/share (600%, highest ever) ✓ fact

Our read after the latest results, written 17 May 2026.

Revenue, EBIT margin metric switch, segment reportability, and MENA exports, four separate guidance reversals in FY26 make forward earnings bridges unreliable.

The main risks

• Persistent guidance downgrade pattern, 4 misses in FY26: Revenue, EBIT margin metric switch, segment reportability, and MENA exports, four separate guidance reversals in FY26 make forward earnings bridges unreliable. ⚠ estimate
• MENA geopolitical disruption, export revenue at risk: MENA was the key export driver; orders now 'going quite slowly'; FY26 exports missed ₹140 crore guidance by ~25-30%. ✓ fact
• Zephyros AC commercialization risk: ₹320 crore PLI capital spending committed to a product in early commercialization, only 2 units installed as technology demonstrators; volume ramp and GTM unproven. ⚠ estimate
• Precision Engineering segment opacity: ₹500 crore order book in a segment management explicitly refuses to disclose, no margin data, no revenue disclosure, reportability commitment reversed. ✓ fact

Our read after the latest results, written 17 May 2026.

When Kirloskar Pneumatic Company reports October to December 2026, these are the 5 checks that show whether the story is still on course. First: April to June 2026 revenue vs ₹450-470 Cr implied 20% run-rate; operating margin vs 18-20% guide.

Kirloskar Pneumatic Company is not on any of our India lists this week.

Kirloskar Pneumatic Company Ltd earned ₹40.0 Cr of net profit in the Sep 2026 quarter, −9.1% on the same quarter a year earlier. Full-year FY26 profit was ₹254 Cr. Over 10 years profit has grown 21.2% a year on average. That is 12.3% of the quarter's revenue. The same quarter a year earlier earned ₹44.0 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹254 Cr (+20.4% on the year before).

Why profit moved: revenue changed −15.5% on a year earlier and the margin moved −3.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +29.1% and revenue +7.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Kirloskar Pneumatic Company Ltd reported ₹326 Cr of revenue in the Sep 2026 quarter, −15.5% on the same quarter a year earlier. Over 10 years it has grown 13.4% a year on average. The last full year, FY26, came in at ₹1,787 Cr. The last four reported quarters add to ₹1,748 Cr.

Revenue is everything the company billed its customers in the period.

Why this happened. FY26 order booking exceeded Rs 2,000 Cr for the first time (vs Rs 1,871 Cr in FY25). The order book composition has also improved: zero large package orders that caused quarterly lumps in FY26 means Q-on-Q execution should be more predictable. Equipment business run-rate is Rs 600-700 Cr annually with shorter execution timelines, supporting quarterly revenue stability. The Rs 500 Cr Precision Engineering backlog is additional and not yet formally part of the compression segment reporting.

FY26 revenue was ₹1,787 Cr, +9.0% on the year before.

Recent pace: the last four quarters grew +7.7% on average, against 13.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +9.0%, against +7.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +39.2%, against +16.8% a year (accelerating).

Kirloskar Pneumatic Company Ltd's operating margin was 12.0% in the Sep 2026 quarter, 3.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 16 years it has been between 7.0% and 20.0%. The latest quarter is within that range.

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

Why this happened. In-house manufacturing of motors (Saswad plant), heat exchangers, sheet metal components, and forgings (Nashik foundry) is reducing raw material to sales ratio structurally. Q4 FY26 saw 630bps improvement vs prior year. Management goals 20-25% of revenue from equipment business (shorter-cycle, higher-margin) vs large packages. This shift reduces business lumpiness AND improves margins as the equipment mix carries better contribution. New centrifugal compressors (Tesco, A800 frame) and Hydrino oil-free compressors are all fully in-house manufactured, supporting IP ownership and cost advantage.

Why the margin moved: operating margin changed −2.7 percentage points on the year while gross margin changed +7.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 106% of Kirloskar Pneumatic Company Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹233 Cr of operating cash against ₹254 Cr of profit. After ₹63.0 Cr of spending on assets, ₹170 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 106% of profit came in as cash: the cash cycle got 21 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Kirloskar Pneumatic Company Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 90 days in FY26, down from 111 days in FY21. It spent ₹216 Cr on assets over the last 3 years. Customers take 107 days to pay, and stock sits for 89 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,787 Cr, each day of that cycle ties up about ₹4.9 Cr, so roughly ₹441 Cr is tied up in the business at any time.

FY26: customers took 107 days to pay and stock sat for 89 days, about 2.9 months of sales sitting as stock, for a full cycle of 90 days, shorter than FY21's 111.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 89 days. Customers pay about 107 days after that. Suppliers are paid at 106 days. Together that makes the 90-day cycle.

Spending on assets: ₹216 Cr over the last 3 years, against ₹96.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹7.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Kirloskar Pneumatic Company Ltd's P/E is 29.8×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/E (the middle reading) is 39.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Sep 2026 add up to ₹19.97.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.