| Order Book | ₹2,040 CrAs of Oct 1, 2026 |
|---|---|
| Market Cap | ₹7,814.5 CrGeneral Industrials |
| PE TTM | 29.7xSector PE 50.7x |
| RSI | 27.5Oversold Zone |
Key highlights
- Strategic MoU signed with Kobe Steel Ltd. (KOBELCO) on October 27, 2026
- Focus on non-general purpose compression technologies for upstream and downstream applications
- Targets domestic Indian projects and selective export markets in the Oil & Gas sector
- Collaboration follows an order book of ₹2,040 crore recorded on October 1, 2026
- Aligned with FY27 revenue guidance of ₹2,100 crore and 18-20% EBITDA margins
Strategic Collaboration for High-Value Energy Applications
Kirloskar Pneumatic Company Limited (KPCL) has entered into a strategic relationship with Kobe Steel Ltd. to explore technical and commercial opportunities within the Oil & Gas value chain. This partnership focuses on non-general purpose compression technologies, combining KPCL's domestic manufacturing footprint with KOBELCO's global engineering scale.
The companies intend to jointly address evolving requirements in India and international markets, specifically targeting solutions for upstream, midstream, and downstream applications. This initiative is part of KPCL's broader strategy to expand its technology portfolio and strengthen its presence in high-value industrial sectors, coming at a time when the company's order book stands at ₹2,040 crore.
Leveraging Kobe Steel's Global Engineering Scale
- Kobe Steel (KOBELCO) brings a history of over 120 years in industrial manufacturing
- The Japanese partner operates across 24 countries with 232 group companies
- Total workforce of 38,614 employees as of March 31, 2026
- Expertise spans steel, aluminum, machinery, engineering, and electric power
- Focus on carbon-neutrality-related fields and energy-efficient solutions
Integrating Partnerships into Growth Guidance
The tie-up with KOBELCO follows a sequence of strategic moves by KPCL to deepen its market penetration. In July 2026, the company acquired a 99.49% stake in Kirloskar South East Asia Co. Limited for ₹4.95 crore to enhance its distribution in Southeast Asia.
Additionally, an October 2026 MoU with Vishwakarma Institute targets digitalisation and R&D. These efforts support management's guidance of achieving ₹2,100 crore in revenue for FY27 with EBITDA margins between 18% and 20%. While latest quarterly revenue reached ₹303.1 crore, marking a 7.6% year-on-year growth, the current partnership aims to provide differentiated solutions for international energy markets.
A Strategic Alignment for Long-Term Growth
This partnership is aligned with our strategy of expanding our technology portfolio, strengthening our presence in high-value applications and creating sustainable long-term growth.
| Date | Announcement | Amount |
|---|---|---|
| 08 Oct 2026 | Signed a Memorandum of Understanding (MoU) with Vishwakarma Institute of Technology and Vishwakarma University for industry-academia collaboration in AI, digitalisation, and joint R&DSource: kirloskarpneumatic.com | – |
| 31 Jul 2026 | Executed a Share Purchase Agreement to acquire 99.49% voting power in Kirloskar South East Asia Co. Limited (Thailand) to strengthen direct distribution and service reach in Southeast AsiaSource: NSE filing | ₹4.95 Cr |
| 27 Apr 2026 | Approved and executed an amendment to the Share Purchase and Shareholders' Agreement to acquire the remaining 44.74% equity stake in Systems and Components (India) Private LimitedSource: BSE filing | ₹12.55 Cr |
| 28 Jan 2025 | Entered into an exclusive sales and distribution agreement with Universal MEP Projects & Engineering Services Limited (UMPESL, a Voltas subsidiary) to market centrifugal and other compressors to the textile industrySource: kirloskarpneumatic.com | – |
What to watch next
- Participation in the ADIPEC 2026 global energy exhibition from November 2-5, 2026
- Participation in drinktec India 2026 trade fair in Mumbai starting October 28, 2026
- Updates on the execution of the ₹2,040 crore order book over the next two quarters
“We see significant potential to jointly address the evolving requirements of the Oil & Gas sector and create differentiated solutions for customers in India and international markets.”
| Share price | ₹601.3 |
|---|---|
| Market capitalisation | ₹7,814.49 Cr |
| Revenue (annual) | ₹1,786.74 Cr |
| Net profit (annual) | ₹256.13 Cr |
| Revenue (latest quarter) | ₹303.10 Cr-57.42% vs previous quarter |
| Net profit (latest quarter) | ₹33.40 Cr-76.77% vs previous quarter |
| P/E (TTM) | 29.72×Sector 50.75× |
| Promoter holding | 38.8%-0.01% QoQ |
| FII holding | 10.01%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Kirloskar Pneumatic Company Limited announcing a Memorandum of Understanding with Kobe Steel Ltd. for the Oil & Gas sector. Market figures from a third-party data provider.
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