Kirloskar Electric – A Turnaround Bet?

Focus Segments

1. EV: 3phase motors. Targeting the 4wheeler segment on & off highway. Pushing to get a drive train so they can sell a complete package.
2. Transformers: Not focused on the electricity board, but focus is on private companies. Acknowledges transformer supply shortage.
3. Defence: Navy orders exist. Approaching army & air-force.
4. Nuclear power: Motors for Zone 1 & 2, and pump motors.

Ambitions

• 1000cr top line in 2-3 years
• Debt free
• Minimum working capital
• Minimize monetisation

20-30cr CAPEX per year. Modernising all the plants. Hiring.

Above are AGM notes from 14-8-2023 for FY 22-23.

The focus segments are the ones with tailwinds.

Don’t anticipate hockey stick growth, but do smell a great opportunity.

Regular updates are hard to come by – so it makes the study a tad difficult.

Everything remains to be seen. Take your seats, or wait a while.