Kirloskar Pneumatic Company Ltd (KIRLPNU)

Kirloskar Pneumatic to Acquire Majority Stake in S&C India - 21 Jun, 2024

Kirloskar Pneumatic Company Ltd (KPCL) has signed an MoU to acquire a majority stake of over 51% in Systems & Components India Private Ltd. (S&C), a company in the industrial refrigeration sector with more than 700 installations across various industries including dairy, pharmaceutical, chemical, and fertilizer. The acquisition aims to help expand its business and enter new market segments related to its current operations.

Kirloskar Pneumatic Company Ltd Shares Surge 33% in a Month - 14 Jun, 2024

Shares of Kirloskar Pneumatic Company Ltd have surged by 33% in the last month alone, topping off a massive increase of 110% in the last year. The company's high P/E ratio of 68.4x may make it unattractive to some investors, but analysts anticipate EPS to climb by 34% per year during the coming three years, which is higher than the rest of the market.

Kirloskar Pneumatic to Increase Dividend Despite Low Yield - 13 Jun, 2024

Kirloskar Pneumatic Company Limited will increase its dividend to ₹4.00, despite a low yield of only 0.5%. The stock price has increased by 103% in the last three months and earnings per share are forecasted to rise by 141.5% over the next year. Kirloskar Pneumatic has grown distributions at a rapid rate despite cutting the dividend once in the past.

Kirloskar Pneumatic Shows Positive Trends - 12 Jun, 2024

Returns on capital for Kirloskar Pneumatic have increased to 18% over the last five years, with a 90% increase in capital employed. This suggests opportunities for internal investment at higher rates.