Kirloskar Oil Engines Share Price Falls 14 Percent in Four Sessions Despite Data Centre Order Win, MOFSL Stays Buy
- June 30, 2026
- Posted by: Ankit Jaiswal
- Category: News
Kirloskar Oil Engines CMP Rs 2,383, down 14% from Rs 2,720 high on 23 June. Up 177% in 1 year. Motilal Oswal Buy, target Rs 2,350, raised from Rs 1,900.
The Kirloskar Oil Engines share price has slipped again on Tuesday, extending a four session slide that has now taken the stock down 14 percent from its 23 June high of Rs 2,720.35 to a low of Rs 2,350.15. The pullback comes even as the company continues to build momentum in the data centre power systems space, underscoring how sharp the recent run up in the stock had become before this correction.
Despite the four session slide, the Kirloskar Oil Engines share price remains a standout performer, having gained 177 percent over the past one year on the back of strong demand across the company’s power generation, industrial and export segments.
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Why the Kirloskar Oil Engines Share Price Is Falling Despite the Data Centre Push
Brokerage Motilal Oswal Financial Services, which met Kirloskar Oil Engines management led by Vice Chairperson and Managing Director Gauri Kirloskar, said it remains positive on the overall demand environment across the company’s key segments, including power generation, industrial and exports. The recent large order win from hyperscale data centre player HyperNext was flagged as a key positive, with execution expected to be completed within the current fiscal year.
The brokerage believes the successful and timely completion of this order could open up opportunities from other data centre projects, even as the current pullback in the Kirloskar Oil Engines share price appears to reflect broader profit booking after a sharp multi month rally rather than any change in the underlying demand story.
The table below summarises the key numbers behind the recent move in the Kirloskar Oil Engines share price.
| Metric | Value |
|---|---|
| NSE Symbol | KIRLOSENG |
| CMP (30 June 2026) | Rs 2,383 |
| 4 Session High (23 June) | Rs 2,720.35 |
| 4 Session Low (30 June) | Rs 2,350.15 |
| 1 Year Return | +177% |
| Motilal Oswal Rating | Buy |
| Motilal Oswal Target Price | Rs 2,350 (Sep 2028, raised from Rs 1,900) |
Kirloskar Oil Engines Order Book and Growth Drivers
Motilal Oswal expects the ongoing capex of Rs 7 billion announced in FY25, along with upcoming capex of Rs 14 billion announced in May 2026, to help the company continue to participate in high growth opportunities in the data centre market and beyond. The brokerage projects a revenue CAGR of 23 percent over FY26-29, with EBITDA and PAT expected to grow at 29 percent and 32 percent respectively over the same period. Use the Univest Screener to track Kirloskar Oil Engines’ order inflows and margin trends ahead of its next results.
On the industrial side, the company is expanding into application specific engine solutions for railways, defence, construction and mining, while a Rs 770 crore NPCIL order is expected to commence execution in FY27. The company is also building out a dedicated international business and has incorporated a new subsidiary, Kirloskar Advanced Systems, to pursue opportunities in defence and other critical sectors.
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What Should Investors Watch on Kirloskar Oil Engines Stock Now
It is worth noting that Motilal Oswal’s revised target of Rs 2,350 is now broadly in line with the current Kirloskar Oil Engines share price, suggesting the brokerage sees the stock as fairly valued at current levels for its Sep 2028 horizon, even as it remains constructive on the long term growth story. KOEL is currently trading at 42x to 31.5x core business EPS, reflecting the premium the market continues to assign to its data centre and defence related growth optionality.
Investors should watch for further updates on the HyperNext order execution timeline and any fresh data centre wins, since these remain the key catalysts that could determine whether the Kirloskar Oil Engines share price stabilises from its recent slide or extends the correction further.
Download the Univest iOS App or Univest Android App to track Kirloskar Oil Engines’ live price and stay updated on order wins.
Conclusion
The Kirloskar Oil Engines share price has corrected 14 percent over four sessions even as the company’s data centre and industrial order pipeline continues to build, with Motilal Oswal staying constructive on a Buy rating despite a target price that is now close to current levels. The pullback looks more like profit booking after a strong rally than a shift in the underlying business outlook, but investors should track execution on recent large orders closely. Stock price movements are subject to market risk, so investors should consult a SEBI registered advisor before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
Why has the Kirloskar Oil Engines share price fallen 14 percent?
Ans. The Kirloskar Oil Engines share price has fallen 14 percent over four sessions from a high of Rs 2,720.35 on 23 June to a low of Rs 2,350.15, largely reflecting profit booking after a sharp prior rally rather than any change in the company’s order book.
What is Motilal Oswal’s rating on Kirloskar Oil Engines?
Ans. Motilal Oswal Financial Services has reiterated a Buy rating on Kirloskar Oil Engines with a target price of Rs 2,350, raised from Rs 1,900 earlier, valuing the core business using an SoTP based approach rolled forward to September 2028.
What is the current Kirloskar Oil Engines share price?
Ans. Kirloskar Oil Engines was trading around Rs 2,383 on the NSE on 30 June 2026, broadly in line with Motilal Oswal’s revised target price.
What is the data centre order that boosted Kirloskar Oil Engines?
Ans. Kirloskar Oil Engines secured a large order from hyperscale data centre player HyperNext for high horsepower power systems, which the company expects to execute within the current fiscal year.
How much has Kirloskar Oil Engines gained over the past year?
Ans. The Kirloskar Oil Engines share price has gained 177 percent over the past one year, supported by strong demand across power generation, industrial and export segments.
What is the NPCIL order for Kirloskar Oil Engines?
Ans. Kirloskar Oil Engines has an NPCIL order worth Rs 770 crore, with execution expected to commence in FY27 according to Motilal Oswal.
Should investors buy Kirloskar Oil Engines after this fall?
Ans. Motilal Oswal remains positive on the long term demand outlook, but its target price is currently close to the stock’s trading levels. This article does not constitute investment advice, and investors should consult a SEBI registered advisor before investing.
