Kinetic Engineering Limited (KEL) submitted an investor presentation for Q1 FY27 pursuant to Regulation 30 of SEBI LODR Regulations. The presentation outlines the company's transformation from legacy vehicle manufacturing to automotive components and electric vehicle (EV) systems.

Company Background & Legacy

KEL has over 50 years of legacy in India's auto industry, founded by Late Mr. H.K. Firodia. The company pioneered India's two-wheeler revolution with iconic products including Kinetic Luna moped, Kinetic DX (India's first gearless scooter), and Blaze 165 cc (India's first moto scooter). The company operates three key verticals: Transmission, Driveline, and EV Vertical.

Manufacturing facility spans 50+ acres in Ahmednagar, Maharashtra with 1000+ employees. Certified with IATF 16949 quality standard. Historical milestones include: 1975 - converted to public limited company; 1984 - formed joint venture with Honda Motor Company; 1998 - began exports; 2022 - formed EV subsidiary Kinetic Watts & Volts Ltd.

EV Subsidiary - Kinetic Watts & Volts Ltd. (KWVL)

KWVL was established in September 2022 as an 84.7% owned subsidiary with a vision to provide integrated solutions for EV customers. Facility size: ~87,000 Sq. ft. in Ahmednagar, Maharashtra. The subsidiary has launched the all-new electric Kinetic DX scooter under the Range-X brand.

Product Specifications:

  • Powered by Range-X 2.6 kWh LFP battery
  • Up to 116 km IDC range (DX+ model)
  • 4x longer lifecycle (2,500-3,500+ cycles) vs typical NMC batteries
  • 60V system with K-Coast regenerative technology
  • Charging: 0-50% in 2 hours; 0-100% in 4 hours

Strategic Partnerships:

KWVL joined hands with Jio Things to build connected EVs with features including voice-assisted vehicle interaction, smart digital instrument clusters, telematics & cloud-based analytics, and enhanced infotainment applications.

Training Infrastructure:

Launched "Kinetic Lab" - a dedicated Two-Wheeler EV Technical Training Centre to upskill technicians, service engineers, and dealer staff for India's expanding electric mobility ecosystem.

Manufacturing & Capacity

Recent additions include nylon coating unit, automated welding facility, and solar power project (projected to save ₹6 Crore annually). The solar project represents the company's focus on sustainability.

Manufacturing Capabilities:

  • Forging
  • Gear cutting
  • Painting & plating
  • Heat treatment
  • Precision machining
  • Electric division

EV Component Production:

KEL manufactures chassis, frames and body parts including side stands, rear forks, swing arms, main stands for 2-wheeler and 3-wheelers, supplied duly welded and painted.

Financial Performance

Annual Consolidated Income Statement (INR Mn):

| Particulars | FY25 | FY26 |

| Revenue from Operations | 2,366.4 | 2,933.4 |

| EBITDA | 281.8 | 362.8 |

| PAT | 97.8 | 159.6 |

| EPS (INR) | 4.18 | 5.93 |

Note: Exceptional items include Past service cost due to wage code revision in Gratuity.

Annual Consolidated Balance Sheet (INR Mn) - FY26:

| Equity & Liabilities | Amount | Assets | Amount |

| Share Capital | 269.1 | Property Plant & Equipment | 648.8 |

| Reserves and surplus | 1,221.4 | Other Intangible asset | 380.2 |

| Non Controlling Interest | 140.9 | Capital Work in progress | 217.8 |

| Borrowings (Non-current) | 473.4 | Investments | 39.2 |

| Borrowings (Current) | 232.4 | Trade Receivable | 354.1 |

| Trade Payables | 428.6 | Cash and Cash Equivalent | 395.5 |

| Total Equity & Liabilities | 2,933.4 | Inventories | 687.0 |

| | | Total Assets | 2,933.4 |

Revenue Breakdown (YTD Apr-Aug 2026):

  • Geographical Sales: India, US, Mexico
  • Segment-wise Sales: Transmission, Driveline, EV, Others

Strategic Goals & Outlook

Short-term Targets:

  • Scale to 400,000 vehicles sales in the next 4-5 years
  • Gain up to 5% market share by 2030/31
  • Build 500+ strong dealer & service network
  • Current dealer network target: 70-100 dealers by FY27 (Letter-of-Intent already signed with 100+ dealers)

Product Strategy:

  • Launch electric scooters and motorcycles, delivery-focused 2Ws
  • In-house development and IP ownership of motors, controllers, and battery packs
  • Build strategic alliances for end-to-end battery charging ecosystem

Market Context:

India is the world's largest two-wheeler market with ~17 million units sold annually. EV 2-wheelers currently hold ~6-7% share (~1.1 million units in FY24), expected to cross 20-25% by FY30. Projected market size in FY28: ~4.48 million units (assuming 35% CAGR).

Promoter Commitment

Promoters have contributed Rs. 100+ Cr through warrants to fuel future growth. Promoter group shareholding has consistently increased, reflecting strong confidence in the company's growth trajectory.

Awards & Recognition

  • Manufacturing Today Next Generation Leader
  • Renault Quality Award for Best Supplier Quality
  • TV9 Awards 2021 Company of the Year (Auto & Auto Components)
  • Recognized at Pride of India Conclave 2025