@phreakv6, your views on Kirloskar Electric please. The 1st post in the KECL thread gives a good intro. @
Company into Electrical equipments. AC/DC generators, transformers, switch gears.
Went south after acquiring Lloyd Dyna GmbH @ steep valuation in 2008. Has a footprint in Europe along with Engg. know how. May turnout to be a blessing now.
Land bank is liquidated to payoff debt, which is already down from peak levels of 300 crores to 132 crores now.
Revenue Break-up
Power Generator & Distribution- 183 crore
Rotating Machines – 129 crores
Total – 334 crores
Manufacturers of EV motors appears to be an optionality.
Debt equity ratio 1.42. I guess that’s also thanks to revaluation of land sometime back. Net worth otherwise completely eroded.
Operating Profit for the 1st time in 10 years.
Looks like possible turnaround.
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