Analyst Research Report Snapshot


Kirloskar Oil Engines Ltd. | Q4FY13 Management Concall




IndiaNivesh Securities Pvt Ltd


05 May 2013





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Kirloskar Oil Engines Ltd. | Q4FY13 Management Concall At CMP of Rs 182, KOEL is trading at FY14E and FY15E, P/E multiple of 10.4x and 9.1x, respectively. After taking in to account improved sustainable earnings quality, nil debt on books, and RoE (of 18.5% for FY15E), we have assigned target P/E multiple of 12.0x (for FY15E) to arrive at price target of Rs 240. Given that the stock is trading attractively at 31.9% discount to its FY15E based price target of Rs 240, we maintain BUY rating on the stock.

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