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Sowmya Sundar

EXPOSURES can be considered in the stock of Kirloskar Oil Engines by investors, who are willing to hold on for over a year. At Rs 303, the stock is trading at 12 times its trailing 12-month earning per share of Rs 26. Kirloskar Oil Engines, which was present mainly in the below 20 HP engines range has now expanded its range up to11,000 HP. It now has about 30 per cent share of this market in the 1,600-11,000 HP range.

The product expansion has given it wider reach and helped it ramp up turnover. Profits have scaled up two-fold in the half-year ended September 2003 compared to the corresponding previous period. It is now the sole supplier of engines in India to certain products such as excavator loaders, transmit mixers and compactors manufactured in the country.

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