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KSB

KSB - KSB LIMITED Share Price

Industrial Products

818.55-12.55(-1.51%)
Market Open as of Aug 8, 2025, 12:03 IST

Valuation

Market Cap14.46 kCr
Price/Earnings (Trailing)72.25
Price/Sales (Trailing)5.51
EV/EBITDA37.75
Price/Free Cashflow175.48
MarketCap/EBT44.47
Enterprise Value14.46 kCr

Fundamentals

Revenue (TTM)2.62 kCr
Rev. Growth (Yr)9.6%
Earnings (TTM)254.5 Cr
Earnings Growth (Yr)15.7%

Profitability

Operating Margin12%
EBT Margin12%
Return on Equity17.13%
Return on Assets10.84%
Free Cashflow Yield0.57%

Price to Sales Ratio

Latest reported: 6

Revenue (Last 12 mths)

Latest reported: 3 kCr

Net Income (Last 12 mths)

Latest reported: 255 Cr

Growth & Returns

Price Change 1W-0.90%
Price Change 1M0.90%
Price Change 6M21.6%
Price Change 1Y-10.2%
3Y Cumulative Return39.4%
5Y Cumulative Return51.9%
7Y Cumulative Return26.9%
10Y Cumulative Return20.8%

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 & Equivalents95.9 Cr
Free Cash Flow (TTM)86.5 Cr
Free Cash Flow/Share (TTM)4.97

Balance Sheet

Total Assets2.35 kCr
Total Liabilities862.7 Cr
Shareholder Equity1.49 kCr
Current Assets1.7 kCr
Current Liabilities801.3 Cr
Net PPE386.6 Cr
Inventory642.8 Cr
Goodwill0.00

Capital Structure & Leverage

Debt Ratio0.00
Debt/Equity0.00
Interest Coverage124.08
Interest/Cashflow Ops72.96

Dividend & Shareholder Returns

Dividend/Share (TTM)7.5
Dividend Yield0.90%
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%
Pros

Balance Sheet: Strong Balance Sheet.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Profitability: Recent profitability of 10% is a good sign.

Size: Market Cap wise it is among the top 20% companies of india.

Smart Money: Smart money has been increasing their position in the stock.

Past Returns: Outperforming stock! In past three years, the stock has provided 39.4% return compared to 12% by NIFTY 50.

Growth: Good revenue growth. With 67.1% growth over past three years, the company is going strong.

Cons

Technicals: SharesGuru indicator is Bearish.

Momentum: Stock has a weak negative price momentum.

The Good, Bad and Ugly
Growth
Measures how quickly a company is expanding through metrics like revenue growth, earnings growth, and cash flow growth over time. Strong growth can indicate future potential.
Profitability
Shows how efficiently a company turns business activities into profit, using metrics like profit margins, return on equity (ROE), and return on assets (ROA).
Size
Indicates the company's market presence through metrics like market capitalization, total assets, and revenue. Size can influence stability and market influence.
Dilution Rank
Tracks how much the company's shares have increased or decreased over time. Lower dilution means existing shareholders maintain stronger ownership stakes.
Balance Sheet
Evaluates the company's financial health by analyzing assets, debts, and equity. A strong balance sheet indicates financial stability and flexibility.
Momentum
Measures the strength and speed of price movements, showing whether the stock is gaining or losing market favor over different time periods.
Technicals
Analyzes price patterns, trading volumes, and other market indicators to identify potential trading opportunities and market trends.
Smart Money
Tracks the investment activities of institutional investors, hedge funds, and other large financial players who often have deep research capabilities.
Insider Trading
Monitors buying and selling of company shares by executives, directors, and other insiders who may have unique insights into the company's prospects.

Investor Care

Dividend Yield0.90%
Dividend/Share (TTM)7.5
Shares Dilution (1Y)0.00%
Earnings/Share (TTM)11.5

Financial Health

Current Ratio2.13
Debt/Equity0.00

Technical Indicators

RSI (14d)32.46
RSI (5d)31.22
RSI (21d)51.52
MACD SignalSell
Stochastic Oscillator SignalBuy
Grufity SignalSell
RSI SignalHold
RSI5 SignalHold
RSI21 SignalHold
SMA 5 SignalSell
SMA 10 SignalSell
SMA 20 SignalSell
SMA 50 SignalSell
SMA 100 SignalSell

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:

  1. 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.
  2. 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.
  3. Valves Business: 21% CAGR; margins ~14-15% EBITDA. Expanding exports (Poland, Finland) and product range (low-emission valves, steam traps).
  4. Aftermarket & SupremeServ: Service/spare parts segment growing robustly (Rs.233 Cr in 2024). Mechanical seals and FGD pump aftermarket to boost recurring revenue.
  5. 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

DescriptionShareValue
Pumps82.6%551.2 Cr
Valves17.4%116.3 Cr
Total667.5 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 NameHolding %
Canadian Kay Pump Limited40.54%
Industrial And Prudential Investment Company Ltd21.55%
Paharpur Cooling Towers Limited4.17%
Icici Prudential Infrastructure Fund3.33%
Tkil Industries Private Limited3.1%
Nippon Life India Trustee Ltd-A/C Nippon India Elss Tax Saver Fund1.52%
Tata Mutual Fund - Tata Small Cap Fund1.43%
Bajaj Allianz Life Insurance Company Ltd.1.41%
Vikram Swarup - Trustee of Swarup Family Trust0.17%
Vikram Swarup0.11%
Gaurav Swarup0.1%
Bindu Vikram Swarup0.05%
Parul Swarup0.01%

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
CROMPTONCrompton Greaves Consumer Electricals20.46 kCr7.93 kCr-7.40%-26.90%36.792.58--
KIRLOSBROSKirloskar Brothers15.58 kCr4.51 kCr-10.70%-4.10%37.383.45--
SHAKTIPUMPShakti Pumps (India)10.61 kCr2.59 kCr-6.10%+10.80%25.054.1--
WPILWPIL4.42 kCr1.99 kCr+7.60%-4.30%48.22.28--
DYNAMATECHDynamatic Tech4.42 kCr1.43 kCr-9.80%-3.00%102.663.1--

Sector Comparison: KSB vs Industrial Products

Comprehensive comparison against sector averages

Comparative Metrics

KSB metrics compared to Industrial

CategoryKSBIndustrial
PE72.2444.65
PS5.515.25
Growth12.3 %12.8 %
67% metrics above sector average

Performance Comparison

KSB vs Industrial (2021 - 2025)

KSB is underperforming relative to the broader Industrial sector and has declined by 21.1% compared to the previous year.

Key Insights
  • 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

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Balance Sheet for KSB

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Cash Flow for KSB

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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.

Industry Group:Industrial Products
Employees:2,048
Website:www.ksb.com