Kirloskar Pneumatic Company Ltd. share price target

Management targets ~Rs20bn revenue and ~18-20% EBITDA margin for FY26 and expect ~20% revenue CAGR over the next two years. Kirloskar Pneumatic (KKPC) reported a healthy quarter registering 20.7% YoY revenue growth while maintaining an 18.5% EBITDA margin. During the year, KKPC gained market share in its Air compression segment aided by stronger adoption and demand for Tezcatlipoca compressors while the Refrigeration compression segment remained a growth driver with traction from dairy, food...

Tezcatlipoca A-800, to be launched soon, will replace oil-free screw air compressors, further gaining market share in Air Compression We visited Kirloskar Pneumatic's Saswad and Hadapsar plants and engaged with top management to discuss the current demand environment and future outlook. The Saswad plant, which primarily manufactures gas and refrigeration compressors, contributes ~70% to KKPC's total revenue. The Gas Compression business remains weak due to elevated gas prices; however, the management...

KPCL manufactures air, refrigeration and gas compressors and systems that account for 95% of sales.