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HDFC Securities Retail Research
Kirloskar Pneumatic Company Ltd. is a diversified product company, serving key sectors viz. industrial, oil and gas, infrastructure and food processing.
The company was hitherto focussed on domestic markets but is now looking to expand geographically. It has made inroads in the Middle East oil and gas market and looking to increase its export revenue share from less than 5% to 15-20% over the next few years.
The management is targeting to achieve Rs 2000 crore revenue in the next two-three years which entails a compound annual growth rate of 17-18%.
Kirloskar Pneumatic has a strong market share in compressor business and is well positioned to capitalise on the upcoming opportunities in the infrastructure space.
Make in India, China plus one and production linked incentive scheme in various sectors are expected to attract global manufacturers to set up facilities in India which could generate significant growth opportunities for Kirloskar Pneumatic.
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