
KSB - KSB LIMITED Share Price
Industrial Products
Valuation | |
---|---|
Market Cap | 14.46 kCr |
Price/Earnings (Trailing) | 72.25 |
Price/Sales (Trailing) | 5.51 |
EV/EBITDA | 37.75 |
Price/Free Cashflow | 175.48 |
MarketCap/EBT | 44.47 |
Enterprise Value | 14.46 kCr |
Fundamentals | |
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Revenue (TTM) | 2.62 kCr |
Rev. Growth (Yr) | 9.6% |
Earnings (TTM) | 254.5 Cr |
Earnings Growth (Yr) | 15.7% |
Profitability | |
---|---|
Operating Margin | 12% |
EBT Margin | 12% |
Return on Equity | 17.13% |
Return on Assets | 10.84% |
Free Cashflow Yield | 0.57% |
Price to Sales Ratio
Revenue (Last 12 mths)
Net Income (Last 12 mths)
Growth & Returns | |
---|---|
Price Change 1W | -0.90% |
Price Change 1M | 0.90% |
Price Change 6M | 21.6% |
Price Change 1Y | -10.2% |
3Y Cumulative Return | 39.4% |
5Y Cumulative Return | 51.9% |
7Y Cumulative Return | 26.9% |
10Y Cumulative Return | 20.8% |
Cash Flow & Liquidity | |
---|---|
Cash Flow from Investing (TTM) | -146.4 Cr |
Cash Flow from Operations (TTM) | 187.1 Cr |
Cash Flow from Financing (TTM) | -64.8 Cr |
Cash & Equivalents | 95.9 Cr |
Free Cash Flow (TTM) | 86.5 Cr |
Free Cash Flow/Share (TTM) | 4.97 |
Balance Sheet | |
---|---|
Total Assets | 2.35 kCr |
Total Liabilities | 862.7 Cr |
Shareholder Equity | 1.49 kCr |
Current Assets | 1.7 kCr |
Current Liabilities | 801.3 Cr |
Net PPE | 386.6 Cr |
Inventory | 642.8 Cr |
Goodwill | 0.00 |
Capital Structure & Leverage | |
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Debt Ratio | 0.00 |
Debt/Equity | 0.00 |
Interest Coverage | 124.08 |
Interest/Cashflow Ops | 72.96 |
Dividend & Shareholder Returns | |
---|---|
Dividend/Share (TTM) | 7.5 |
Dividend Yield | 0.90% |
Shares Dilution (1Y) | 0.00% |
Shares Dilution (3Y) | 0.00% |
Risk & Volatility | |
---|---|
Max Drawdown | -12% |
Drawdown Prob. (30d, 5Y) | 19.23% |
Risk Level (5Y) | 33.4% |
Summary of Latest Earnings Report from KSB
Summary of KSB's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Last updated:
The management of KSB Limited provided an optimistic outlook driven by growth across key segments and strategic initiatives. Key highlights include:
Growth Drivers:
- Nuclear Projects: Strong order pipeline (Rs.2,700M in 2024), with 100% indigenized reactor pumps. Execution of 2 pump sets in 2025 and plans for 4+ in 2026. Post-budget focus on nuclear energy expansion.
- Solar Pumps: PM-KUSUM scheme offers significant potential (800K pumps pending). Revenue reached Rs.183 Cr in 2024; targeting higher growth as an integrator (panels + pumps). Challenges include working capital due to delayed government payments.
- Valves Business: 21% CAGR; margins ~14-15% EBITDA. Expanding exports (Poland, Finland) and product range (low-emission valves, steam traps).
- Aftermarket & SupremeServ: Service/spare parts segment growing robustly (Rs.233 Cr in 2024). Mechanical seals and FGD pump aftermarket to boost recurring revenue.
- Residential Pumps: Aggressive branding via TV ads and dealer networks to penetrate domestic markets (current Rs.250"“300 Cr segment).
Operational Highlights:
- Capacity Utilization: ~85"“90%; CapEx in Shirwal/Sinnar plants and automation to support growth.
- Margins: Stable supply chain (localized sourcing) and cost controls offsetting wage inflation. Valves and solar margins healthy.
- Order Book: Rs.2,200 Cr (incl. nuclear), with improved inflows in early 2025 for non-nuclear segments (water, industrial).
Challenges:
- Delayed solar project payments and working capital strain.
- Skilled labor shortages (150 open positions).
ESG/CSR: Zero waste/liquid discharge certifications; skill development programs for tribal women.
Outlook: Focus on standard pumps, valves, nuclear, and solar for sustained growth. Management remains confident in 20%+ revenue CAGR and margin resilience.
Last updated:
Q1: How has the experience been with project execution delays and payment issues, particularly in government sectors like solar?
Rajeev Jain acknowledged challenges in solar project payments due to slow government processes but noted payments eventually occur. Execution delays weren't significant for KSB, as their exposure to government projects is limited to solar and nuclear, with most other segments (energy, refinery) handled via dealers.
Q2: Are nuclear reactor island pumps fully indigenized?
Rajeev Jain confirmed 100% indigenization of nuclear reactor island pumps, including liquid sodium pumps, leveraging KSB's decades of localization and technical expertise.
Q3: What is the status of nuclear power execution and order targets for FY25/26?
Two pumps are slated for delivery in FY25 after testing, with four more planned for FY26. Delays in test-bed readiness pushed timelines, but motors are being dispatched.
Q4: What is current capacity utilization, and is there sufficient capacity for growth?
Capacity utilization is ~85-90%, with expansions in Shirwal and Sinnar plants. Investments in automation, machinery upgrades, and skilled hiring ensure readiness for nuclear and industrial growth.
Q5: Are thermal power inquiries materializing, and what's the opportunity size?
KSB is bidding for thermal projects (e.g., L&T, JSW) with technical bids submitted. Each plant could yield ~Rs.50 crore in orders for boiler feed and condensate pumps.
Q6: Is the strong valves margin sustainable, and what drives growth?
Valve margins (13-15% EBITDA) are stable, driven by product diversification, exports (Poland, Finland), and efficiency improvements. The fragmented market offers scope for market share gains.
Q7: What are KSB's strategies for residential pumps and export opportunities?
KSB is boosting domestic pump branding via ads, dealer networks, and regional customization. Exports focus on the Middle East (petrochemicals) and the U.S. (energy), supported by local supply chains.
Q8: Are solar pump margins competitive, and what's the scope (EPC/panel supply)?
KSB acts as an integrator (pumps + panels), not EPC. Margins are slightly lower than core products but offset by volume. Working capital strain exists due to delayed payments post-installation.
Q9: What are key growth drivers for KSB in the medium term?
Standard pumps (residential, firefighting), SupremeServ (aftermarket/mechanical seals), valves, nuclear, and solar. Nuclear's long-term potential and recurring dealer-driven segments are prioritized.
Q10: Why is non-nuclear order book lower, and is DSO rising due to solar?
Non-nuclear orders dipped due to FY24 slowdown but rebounded in early FY25. Higher DSO stems from solar's extended payment cycles, but manageable given KSB's financial strength.
Q11: How are employee costs and supply chain inflation impacting margins?
Stable supply chains (localized sourcing) limit cost risks. Employee costs rose due to hiring (350+ in 3 years), with 150 open roles, but productivity gains and automation offset pressure.
Q12: What concerns keep management awake at night?
No major concerns cited. Nuclear project acceleration is a wish. Parent company (KSB SE) provides R&D, IT, and technical support, with royalties and service fees paid transparently.
Revenue Breakdown
Analysis of KSB's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Jun 30, 2025
Description | Share | Value |
---|---|---|
Pumps | 82.6% | 551.2 Cr |
Valves | 17.4% | 116.3 Cr |
Total | 667.5 Cr |
Share Holdings
Understand KSB ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
Holding Pattern
Share Holding Details
Shareholder Name | Holding % |
---|---|
Canadian Kay Pump Limited | 40.54% |
Industrial And Prudential Investment Company Ltd | 21.55% |
Paharpur Cooling Towers Limited | 4.17% |
Icici Prudential Infrastructure Fund | 3.33% |
Tkil Industries Private Limited | 3.1% |
Nippon Life India Trustee Ltd-A/C Nippon India Elss Tax Saver Fund | 1.52% |
Tata Mutual Fund - Tata Small Cap Fund | 1.43% |
Bajaj Allianz Life Insurance Company Ltd. | 1.41% |
Vikram Swarup - Trustee of Swarup Family Trust | 0.17% |
Vikram Swarup | 0.11% |
Gaurav Swarup | 0.1% |
Bindu Vikram Swarup | 0.05% |
Parul Swarup | 0.01% |
Overall Distribution
Distribution across major stakeholders
Ownership Distribution
Distribution across major institutional holders
Is KSB Better than it's peers?
Detailed comparison of KSB against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|---|
CROMPTON | Crompton Greaves Consumer Electricals | 20.46 kCr | 7.93 kCr | -7.40% | -26.90% | 36.79 | 2.58 | - | - |
KIRLOSBROS | Kirloskar Brothers | 15.58 kCr | 4.51 kCr | -10.70% | -4.10% | 37.38 | 3.45 | - | - |
SHAKTIPUMP | Shakti Pumps (India) | 10.61 kCr | 2.59 kCr | -6.10% | +10.80% | 25.05 | 4.1 | - | - |
WPIL | WPIL | 4.42 kCr | 1.99 kCr | +7.60% | -4.30% | 48.2 | 2.28 | - | - |
DYNAMATECH | Dynamatic Tech | 4.42 kCr | 1.43 kCr | -9.80% | -3.00% | 102.66 | 3.1 | - | - |
Sector Comparison: KSB vs Industrial Products
Comprehensive comparison against sector averages
Comparative Metrics
KSB metrics compared to Industrial
Category | KSB | Industrial |
---|---|---|
PE | 72.24 | 44.65 |
PS | 5.51 | 5.25 |
Growth | 12.3 % | 12.8 % |
Performance Comparison
KSB vs Industrial (2021 - 2025)
- 1. KSB is among the Top 5 Compressors, Pumps & Diesel Engines companies by market cap.
- 2. The company holds a market share of 6.7% in Compressors, Pumps & Diesel Engines.
- 3. The company is growing at an average growth rate of other Compressors, Pumps & Diesel Engines companies.
Income Statement for KSB
Balance Sheet for KSB
Cash Flow for KSB
What does KSB LIMITED do?
KSB Limited manufactures and sells power-driven pumps and industrial valves in India and internationally. It operates through Pumps and Valves segments. The Pumps segment manufactures and trades in industrial pumps, submersible pumps, effluent treatment pumps, etc.; and offers related spares and services. Its Valves segment is involved in the manufacturing and trading of industrial valves, and related spares and services. The company also produces castings for captive consumption; and offers spare parts kits and mechanical seals. In addition, it offers technical services comprising consultancy and analysis services, such as technical consultancy, energy efficiency consulting, identification of energy-saving potential, SES system efficiency service, and well pump measurement; installation and commissioning; operation services, including inspection service, maintenance inspection management, total pump management, spare parts inventory management, pump monitoring from specialists, and service for automation products; pump, motor, and valve repair services, as well as retrofit, reverse engineering, service for other rotating equipment, and service for mechanical seals; and seminar and training services. The company's products are used in waste water, water, and industry technology; chemicals production; building services; energy technology; mining; dredge; oil and gas technology; and decarbonization applications. The company was formerly known as KSB Pumps Limited and changed its name to KSB Limited in June 2018. KSB Limited was incorporated in 1960 and is headquartered in Pune, India.