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Kilburn Engineering


Kilburn Engineering manufactures drying equipment for industrial customers.

The products are used in process equipment and food processing equipment across all industry segments although the chemical industry forms a substantial portion of its customer base.  It is also a market leader in tea dryers in the growing tea industry.  Moreover, it recently commenced operation in its new plant at Thane with expanded capacity.

The company reported reasonable growth in revenues and operating profits over the last five years – reporting about 11cr in operating profits on revenues of about 125cr in the last financial year.  It operated with a negligible net debt load.

The business is dependent on the customers’ investment and capital outlay decisions and hence is exposed to the capital investment cycle, which is closely linked to prevailing interest rates.  It is exposed to competition from East European and Chinese suppliers for process equipment.  Apart from these factors, it is exposed to input price rises, delays in imports and a weakening INR.

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