“As part of that strategy, we will be a debt-free company. And, if you look at the numbers at the end of this year in March, we are almost debt-free as a company,” Alok Kirloskar told. On a standalone basis, KBL is close to being debt-free and the next objective is to enhance its ROCE (return on capital employed), over 25 per cent and ROE (return on equity) about 20 per cent, added.
“The next objective is, of course, enhancing the profitability and enhancing our growth after we are established to be debt-free because we are not comfortable with having large amounts of debt, which was the case in 2010,” he added.
When asked about the growth, Kirloskar said, “We will continue on the CAGR (compound annual growth rate), that is our objective. Even in the times of coronavirus, if you see our third-quarter numbers, we have still shown that we are doing better than last year, even though coronavirus.”
In 2019-20, KBL, a flagship company of the USD 2.1-billion Kirloskar Group, had reported a revenue of Rs 2,097 crore. However, he also added, “Growing the turnover is important but not at the cost of profitability and cash flow. Our first…
