KSB Ltd
KSB NSE
KSB Ltd
Industrial ProductsNSE: KSB BSE: 500249 Compressors Pumps & Diesel Engines
Key Fundamentals
MicrocapCompressors Pumps & Diesel EnginesIndustrial ProductsMarket Cap
₹13,778 Cr
Volatility
Moderate
P/E Ratio
56.36
EBITDA
₹433 Cr
Return on Equity
16.11%
Debt to Equity
0
Book Value
₹97.54
EPS
₹12.51
52W High
₹1,028.3
52W Low
₹666.65
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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37 extracted metrics + investor summaries across FY10–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.5%
Weaknesses
2- Stock is trading at 8.15 times its book value
- Debtor days have increased from 97.1 to 118 days.
Growth Rate
Revenue Growth
7.20% ↘
Net Income Growth
9.29% ↘
Cash Flow Change
-50.53% ↘
ROE
-3.30% ↘
ROCE
-4.59% ↘
EBITDA Margin (Avg.)
7.90% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 5d agoAI opinion · based on fundamentals
Risk medium
KSB Ltd is a nearly debt-free industrial products company with a market cap of ₹13,803 Cr trading at a PE of 55.8x and 8.07x book value. The company has delivered 17% compounded profit growth over 5 years but recent TTM sales growth has slowed to 5% and profit growth to 2%.
Bull Case 8
- Company is almost debt-free, providing strong balance sheet resilience and financial flexibility in a capital-intensive industrial sector
- 5-year compounded profit growth of 25% demonstrates sustained earnings expansion over a meaningful period
- 5-year compounded sales growth of 17% indicates consistent top-line momentum and market share gains
- ROE of 18% in the last year and 3-year average of 18% reflects efficient capital allocation relative to industrial peers
- 10-year stock CAGR of 21% shows long-term wealth creation track record
- Healthy dividend payout ratio of 28.5% signals shareholder-friendly capital return policy
- 10-year compounded profit growth of 16% and sales growth of 13% indicate durable business model through multiple cycles
- 5-year stock CAGR of 27% has significantly outperformed broader market indices over the same period
Bear Case 8
- PE ratio of 55.8x is significantly elevated relative to industrial sector averages, leaving limited margin of safety
- TTM sales growth has decelerated sharply to 5% compared to 3-year CAGR of 14%, signaling a potential slowdown
- TTM profit growth of just 2% versus 3-year CAGR of 17% indicates near-term earnings momentum is weakening
- Stock trades at 8.07x book value, which is a steep premium that prices in significant future growth expectations
- Debtor days have increased from 97.1 to 118 days, indicating deteriorating working capital efficiency and potential collection challenges
- 1-year stock return of -1% suggests the market has already begun repricing growth expectations downward
- Dividend yield of only 0.56% offers minimal income cushion at current valuations
- Gap between 10-year ROE of 15% and current PE of 55.8x suggests valuation has expanded well beyond historical profitability norms
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 17h ago Headwinds 3
- Net profit falls 18% YoY Aug 5
Q1FY27 standalone net profit fell 18% to ₹596 million amid margin compression. Valves segment saw a sharp drop, impacting overall profitability despite 3.6% revenue growth to ₹6,907 million.
- PBT declines on margin pressure Aug 5
Profit before tax declined 18.2% to ₹77.90 crore in Q2FY26 despite sales rising 3.6% YoY to ₹690.70 crore, indicating sustained margin headwinds.
- Corporate Quality head resigns Aug 14
Philip Varghese Puthenpurackal resigned as Head of Corporate Quality, Integrated Management, Safety & Sustainability, effective close of business on August 14, 2026.
Positives 2
- Shirwal plant capacity up 20% Aug 6
KSB is investing INR 400 million to expand Shirwal plant in Maharashtra, adding 20% capacity for project pumps targeting Energy and Oil & Gas sector growth.
- Strong order wins in nuclear/energy Aug 5
Despite margin pressures, KSB reported strong order wins in nuclear and energy sectors during Q2FY26, supporting future revenue visibility.
Neutral 1
- ICICI Securities investor meet Aug 13
KSB will participate in an institutional investors meet organized by ICICI Securities on August 19, 2026 in Mumbai, with one-on-one and group sessions.
TL;DR: KSB is investing in capacity expansion and winning orders in high-value sectors like nuclear and energy, signaling confidence in long-term demand. However, near-term profitability is under pressure with net profit and PBT both declining ~18% despite modest revenue growth. Margin compression, particularly in the Valves segment, remains the key risk. The trend is mixed — topline growth and capex are encouraging, but margin recovery needs to materialize for sentiment to improve.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 591 | 564 | 603 | 544 | 646 | 616 | 726 | 595 | 667 | 650 | 784 | 601 | 691 |
| Expenses | 506 | 493 | 522 | 483 | 555 | 529 | 628 | 528 | 575 | 565 | 654 | 550 | 609 |
| Operating Profit | 85 | 70 | 81 | 61 | 91 | 88 | 98 | 68 | 91 | 85 | 130 | 51 | 82 |
| OPM % | 14% | 12% | 13% | 11% | 14% | 14% | 14% | 11% | 14% | 13% | 17% | 8% | 12% |
| Other Income | 11 | 11 | 9 | 13 | 13 | 10 | 14 | 16 | 16 | 22 | -5 | 18 | 9 |
| Interest | 1 | 2 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 12 | 12 | 14 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 14 | 15 |
| PBT | 83 | 67 | 75 | 60 | 90 | 83 | 98 | 69 | 92 | 91 | 108 | 53 | 75 |
| Tax % | 24% | 25% | 27% | 25% | 24% | 26% | 25% | 25% | 24% | 26% | 25% | 25% | 23% |
| Net Profit | 63 | 50 | 55 | 45 | 68 | 62 | 73 | 52 | 70 | 68 | 81 | 40 | 57 |
| EPS in Rs | 3.61 | 2.88 | 3.16 | 2.56 | 3.91 | 3.55 | 4.2 | 2.96 | 4.05 | 3.88 | 4.65 | 2.29 | 3.29 |
Profit & Loss
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 802 | 819 | 826 | 946 | 1,093 | 1,294 | 1,208 | 1,497 | 1,822 | 2,247 | 2,533 | 2,696 | 2,726 |
| Expenses | 701 | 713 | 720 | 838 | 965 | 1,142 | 1,039 | 1,287 | 1,575 | 1,954 | 2,193 | 2,319 | 2,379 |
| Operating Profit | 101 | 106 | 106 | 108 | 128 | 152 | 169 | 210 | 247 | 294 | 340 | 377 | 347 |
| OPM % | 13% | 13% | 13% | 11% | 12% | 12% | 14% | 14% | 14% | 13% | 13% | 14% | 13% |
| Other Income | 23 | 24 | 29 | 35 | 24 | 40 | 33 | 40 | 50 | 42 | 47 | 45 | 44 |
| Interest | 2 | 2 | 3 | 4 | 4 | 5 | 3 | 5 | 6 | 5 | 3 | 3 | 4 |
| Depreciation | 28 | 28 | 29 | 31 | 40 | 46 | 42 | 44 | 45 | 50 | 54 | 58 | 60 |
| PBT | 94 | 100 | 103 | 108 | 109 | 140 | 157 | 201 | 245 | 280 | 331 | 360 | 327 |
| Tax % | 34% | 36% | 33% | 34% | 34% | 28% | 40% | 26% | 25% | 26% | 25% | 25% | — |
| Net Profit | 68 | 69 | 69 | 71 | 72 | 101 | 94 | 149 | 183 | 209 | 247 | 270 | 246 |
| EPS in Rs | 3.93 | 3.95 | 3.94 | 4.07 | 4.12 | 5.79 | 5.39 | 8.59 | 10.5 | 12 | 14.22 | 15.54 | 14.11 |
| Div. Payout % | 28% | 28% | 28% | 29% | 29% | 28% | 32% | 29% | 29% | 29% | 28% | 28% | — |
Balance Sheet
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 522 | 568 | 625 | 676 | 723 | 794 | 856 | 976 | 1,108 | 1,267 | 1,451 | 1,644 | 1,663 |
| Borrowings | 24 | 1 | 7 | 13 | 43 | 60 | 62 | 3 | 3 | 3 | 3 | 5 | 6 |
| Other Liabilities | 332 | 347 | 321 | 354 | 449 | 547 | 588 | 596 | 679 | 761 | 859 | 1,109 | 1,113 |
| Total Liabilities | 914 | 951 | 988 | 1,077 | 1,250 | 1,436 | 1,540 | 1,609 | 1,825 | 2,066 | 2,348 | 2,793 | 2,817 |
| Fixed Assets | 191 | 194 | 219 | 308 | 321 | 307 | 318 | 311 | 350 | 419 | 438 | 462 | 459 |
| CWIP | 10 | 14 | 16 | 4 | 4 | 34 | 25 | 39 | 25 | 32 | 55 | 92 | 102 |
| Investments | 50 | 51 | 54 | 58 | 60 | 64 | 66 | 70 | 74 | 80 | 88 | 97 | 96 |
| Other Assets | 663 | 691 | 699 | 707 | 865 | 1,030 | 1,130 | 1,190 | 1,375 | 1,535 | 1,767 | 2,143 | 2,160 |
| Total Assets | 914 | 951 | 988 | 1,077 | 1,250 | 1,436 | 1,540 | 1,609 | 1,825 | 2,066 | 2,348 | 2,793 | 2,817 |
Cash Flow
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 112 | 58 | -25 | 77 | 202 | 171 | 62 | 38 | 142 | 187 | 93 |
| Investing | — | -33 | -61 | 39 | -86 | -152 | -101 | 2 | -12 | 5 | -146 | 50 |
| Financing | — | -48 | -23 | -21 | 2 | -4 | -32 | -95 | -51 | -59 | -65 | -72 |
| Net Cash Flow | — | 31 | -26 | -7 | -6 | 46 | 39 | -30 | -25 | 88 | -24 | 71 |
| Free Cash Flow | — | 76 | -21 | -107 | 36 | 157 | 122 | 25 | -67 | 49 | 88 | 0 |
| CFO/OP | — | 133 | 93 | 18 | 92 | 157 | 126 | 66 | 40 | 72 | 75 | 53 |
Ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 80 | 72 | 98 | 97 | 84 | 81 | 68 | 81 | 80 | 94 | 118 |
| Inventory Days | 193 | 171 | 200 | 193 | 196 | 170 | 212 | 195 | 207 | 184 | 165 | 197 |
| Days Payable | 147 | 145 | 142 | 139 | 141 | 127 | 155 | 129 | 116 | 98 | 95 | 111 |
| Cash Conversion Cycle | 127 | 106 | 130 | 153 | 152 | 127 | 138 | 134 | 172 | 165 | 163 | 204 |
| Working Capital Days | 45 | 40 | 57 | 83 | 71 | 37 | 26 | 54 | 76 | 77 | 83 | 104 |
| ROCE % | 17% | 17% | 17% | 16% | 15% | 16% | 18% | 21% | 23% | 23% | 24% | 25% |
Documents
1
Announcement under Regulation 30 (LODR)-Resignation of Statutory Auditors
30 Apr - Price Waterhouse resigned as statutory auditor; B S R & Co. LLP appointed, subject to shareholder approval. 30 Apr - Price Waterhouse resigned as statutory auditor; B S R & Co. LLP appointed, subject to shareholder approval.
2
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
30 Apr - Price Waterhouse resigned as statutory auditor; B S R & Co. LLP appointed on April 30, 2026. 30 Apr - Price Waterhouse resigned as statutory auditor; B S R & Co. LLP appointed on April 30, 2026.
3
Rectification In Covering Letter Of Results Filed For Quarter Ended 31 March 2026
30 Apr - KSB announced Q4 FY26 unaudited results and auditor limited review report on 30 April 2026. 30 Apr - KSB announced Q4 FY26 unaudited results and auditor limited review report on 30 April 2026.
4
Rectification In Covering Letter Of The Outcome Of Board Meeting
30 Apr - KSB approved Q4 FY26 unaudited results, noted PwC resignation, and proposed BSR & Co. LLP as auditor. 30 Apr - KSB approved Q4 FY26 unaudited results, noted PwC resignation, and proposed BSR & Co. LLP as auditor.
5
Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 May - Q1 FY26 sales rose to ₹601.3 crore; order wins from Kazakhstan, NTPC, IOCL, and DMRC approval. 5 May - Q1 FY26 sales rose to ₹601.3 crore; order wins from Kazakhstan, NTPC, IOCL, and DMRC approval.
Frequently Asked Questions about KSB Ltd
What does KSB Ltd do?
KSB Ltd manufactures a range of standard Industrial end suction and high-pressure multistage pumps, submersible motor pumps and monoblock pumps and other value-added parts, for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil and gas sectors, as well as ot...
Where is KSB Ltd (KSB) listed?
KSB Ltd is listed on the Indian stock exchanges. It is listed on NSE: KSB and BSE: 500249. You can view its live share price, financials, and ratios on Tapetide.
Which sector does KSB Ltd belong to?
KSB Ltd operates in the Industrial Products sector within the Compressors Pumps & Diesel Engines industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of KSB Ltd?
KSB Ltd has a market capitalisation of approximately ₹13777.81 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of KSB Ltd?
The Price-to-Earnings (PE) ratio of KSB Ltd is 56.36. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of KSB Ltd?
Over the past 52 weeks, KSB Ltd has traded between a low of ₹666.65 and a high of ₹1,028.3. This range helps investors understand the stock's price volatility and recent trading levels.
Does KSB Ltd pay dividends?
Yes, KSB Ltd has a dividend yield of 0.55%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of KSB Ltd?
KSB Ltd has a Return on Equity (ROE) of 16.11%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research KSB Ltd on Tapetide?
On Tapetide, you can view KSB Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
KSB Ltd manufactures a range of standard Industrial end suction and high-pressure multistage pumps, submersible motor pumps and monoblock pumps and other value-added parts, for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil and gas sectors, as well as other industries.[1]
Website ksbindia.in
CEO Mr. Rajeev Jayantiprasad Jain
Employees 2,380
Listed 1995-02-08
Face Value ₹ 2
Issued Size 17,40,39,220