Kirloskar Brothers Limited (KBL), incorporated in 1920 is the acknowledged leader in fluid handling and largest manufacturer and exporter of pumps in India. In 1926 company made the first Indian diesel engine and first centrifugal pump. Company belongs to Kirloskar group of 60 Crores US Dollars engineering conglomerate driving critical industries. Group have presence in areas like power, construction and mining, agriculture, industry and transport, oil and gas and environment protection with a range of world-class industrial products and turnkey services. Company led by the best engineering and managerial talent in India.

Producs & Services-
Kirloskar Brothers ltd. manufactures a wide range of pumps, hydro turbines and valves in a variety of materials. Company has 7 business groups which include industrial pumps contributing over 33% to company's total turnover, projects and engineered pumps, agricultural and domestic pumps, valves, machine tools, printing division and anti-corrosion products. KBL continues to be the largest exporter of pumps from India. Company exports to over 60 countries, which includes countries like Europe, Africa, Middle East, South East Asia, US and the Caribbean.

Company is involved into a distribution agreement with Erhard GmbH, Germany, for market gate, butterfly, ball-check and needle valves in India and abroad. Company intends to focus on the export markets of South East Asia, West Africa, UK and USA. Its product Range includes Pumps, Valves, Anti-Corrosion Products, Hydel Turbines and Turnkey Projects. Company manufacturing Units are located at Kirloskarvadi, Dewas (Madhya Pradesh), Shirval (Maharashtra), Kondhapuri. Company has got various benchmark standards of ISO 9001, ISO 14001 and OHSAS 18001.

Valuations
At current market price stock is trading at 15.6 P/E multiple of its FY2010 estimated earnings. We recommend investors to buy "Kirloskar Brothers Limited" with medium to long term investment prospective.