Toyota Kirloskar Motor Pvt Ltd
About
Toyota Kirloskar Motor Private Limited is a joint venture between Toyota Motor Corporation with an 89% share and Kirloskar Group with an 11% share, headquartered in Bidadi, Karnataka. Established in 1997, Toyota Kirloskar Motor launched its first model, the Qualis, in 2000, followed by the Innova, Fortuner, and Hilux. Expanding its portfolio, it introduced entry-level models like the Etios and premium offerings under the Lexus brand in 2017. Toyota Kirloskar Motor has two manufacturing plants with a total capacity of 320,000 vehicles per annum. Strengthening its market presence, Toyota partnered with Suzuki in 2016 to develop hybrid and rebadged models like the Glanza, Urban Cruiser and Hyryder. With a vast sales network of over 350 outlets, Toyota Kirloskar Motor continues to be a leader in India's automotive sector, focusing on innovation, sustainability and hybrid technology to drive the future of mobility.
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Financial Data 2024
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 56801 64.9% | 34437 74.6% | 19727 48.7% | 13270 -17.6% | 16101 -19.9% | 20102 10.1% | 18263 -13.8% | 21189 46.9% | 14424 -5.4% | 15239 15.4% | 13206 -11.9% | 14988 29.3% | 11589 47.9% | 7838 - | 5790 46.6% | 3949 - |
| Net Operating Income (INR Cr) | 55866 65.61% | 33734 72.43% | 19563 48.41% | 13182 -15.86% | 15666 -20.21% | 19633 8.56% | 18085 -14.50% | 21152 54.12% | 13724 -7.91% | 14902 13.68% | 13109 -11.96% | 14889 30.01% | 11452 48.27% | - | 5604 49.02% | 3760 -8.35% |
| Profit (INR Cr) | 4787 240.9% | 1404 170.7% | 519 - | -55 - | 188 -53.9% | 408 -57.8% | 966 73.1% | 558 10.5% | 505 -4.7% | 529 - | -63 - | -6 - | -27 - | 222 - | 309 152.2% | 123 - |
| Assets (INR Cr) | 12519 46.3% | 8556 13.3% | 7551 4.8% | 7208 -0.3% | 7228 -0.8% | 7287 -3.9% | 7582 10.8% | 6844 13.1% | 6049 13.9% | 5311 6.7% | 4978 -6.4% | 5320 53.9% | 3456 5.6% | 3273 - | 2591 18.1% | 2194 - |
| Net Worth (INR Cr) | 8232 97.8% | 4162 37.5% | 3027 20.8% | 2505 -5.1% | 2641 -2.5% | 2709 -6.1% | 2884 28.1% | 2251 25.6% | 1792 12.6% | 1591 15.2% | 1382 -4.4% | 1445 -0.4% | 1451 -1.8% | 1478 - | 1321 19.9% | 1102 8.6% |
| Employee Cost (INR Cr) | 1600 23.8% | 1293 19.3% | 1084 6.1% | 1021 -6.5% | 1091 7.6% | 1014 2.7% | 987 4.1% | 949 17.6% | 807 17.9% | 684 -6.2% | 729 - | 0 - | 0 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 80 | 99 | 57 | 40 | 36 | 31 | 32 | 18 | 1 | 45 | 58 | 0 | 0 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 11108 | 5674 | 4949 | 5641 | 4706 | 5061 | 4253 | 2412 | 1675 | 2330 | 883 | 827 | 536 | 880 | 1665 | 1423 |
| Total Debt (INR Cr) | 3378 | 3485 | 3565 | 3639 | 3628 | 3596 | 3690 | 3637 | 3806 | 3322 | 3327 | 3749 | 1925 | 1750 | 1271 | 1092 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 8.4% | 4.1% | 2.6% | - | 1.2% | 2.0% | 5.3% | 2.6% | 3.5% | 3.5% | - | - | - | 2.8% | 5.3% | 3.1% |
| Profit As % Of Assets | 38.2% | 16.4% | 6.9% | - | 2.6% | 5.6% | 12.7% | 8.2% | 8.3% | 10.0% | - | - | - | 6.8% | 11.9% | 5.6% |
| Profit As % Of Networth | 58.2% | 33.7% | 17.1% | - | 7.1% | 15.1% | 33.5% | 24.8% | 28.2% | 33.3% | - | - | - | 15.0% | 23.4% | 11.1% |
| Interest Cost to EBITDA % | 1.2% | 3.9% | 5.3% | 15.4% | 6.0% | 2.8% | 1.6% | 1.5% | 0.1% | 4.0% | 27.1% | - | - | - | - | - |
| Debt to Equity Ratio | 0.41 | 0.84 | 1.18 | 1.45 | 1.37 | 1.33 | 1.28 | 1.62 | 2.12 | 2.09 | 2.41 | 2.59 | 1.33 | 1.18 | 0.96 | 0.99 |
| RONW | 77.3% | 39.1% | 18.8% | - | 7.0% | 20.0% | 37.6% | 27.6% | 29.8% | 35.6% | - | - | - | 15.8% | 25.5% | 11.6% |
| ROCE | 61.7% | 24.6% | 10.3% | -0.4% | 4.9% | 16.7% | 21.1% | 11.5% | 14.5% | 16.5% | -2.5% | 1.0% | 0.0% | 12.0% | 19.9% | 8.9% |