KSB Ltd logo

KSB Ltd

KSB NSE

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]

AI Verdict: HOLD Confidence: 6%

KSB Ltd is a high-quality, almost debt-free industrial compounder with 18% ROE and strong 5-year profit CAGR of 25%, but the stock trades at a demanding 59.1x PE and 9.11x book value, leaving limited margin of safety at current levels. With TTM sales growth decelerating to 5% and debtor days stretching to 118 days, investors should wait for a better entry point or earnings acceleration.

Key Fundamentals

SmallcapCompressors Pumps & Diesel EnginesIndustrial Products
Market Cap
₹16,150 Cr
Volatility
High Risk
P/E Ratio
62.83
EBITDA
₹433 Cr
Return on Equity
16.03%
Debt to Equity
0
Book Value
₹96.46
EPS
₹12.51
52W High
₹1,028.3
52W Low
₹666.65

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 9.77 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 anthropic claude-opus-4.6 3d ago
HOLD
Risk medium

KSB Ltd is a high-quality, almost debt-free industrial compounder with 18% ROE and strong 5-year profit CAGR of 25%, but the stock trades at a demanding 59.1x PE and 9.11x book value, leaving limited margin of safety at current levels. With TTM sales growth decelerating to 5% and debtor days stretching to 118 days, investors should wait for a better entry point or earnings acceleration.

Bull Case 8
  • Company is virtually debt-free, providing strong balance sheet resilience and financial flexibility in a capital-intensive industrials sector
  • Consistent ROE of 18% over 3 years and 17% over 5 years demonstrates superior capital allocation and operational efficiency
  • Compounded profit CAGR of 25% over 5 years significantly outpaces sales growth of 17%, indicating expanding margins and operating leverage
  • Stock price CAGR of 37% over 5 years and 27% over 3 years reflects sustained wealth creation for long-term shareholders
  • 100% analyst consensus with 2 out of 2 analysts rating BUY signals institutional confidence in the business outlook
  • Healthy dividend payout ratio of 28.5% with 0.5% yield provides income while retaining capital for growth reinvestment
  • 10-year compounded sales CAGR of 13% and profit CAGR of 16% demonstrate long-duration structural growth in India's industrial capex cycle
  • Market cap of Rs 15,436 Cr positions KSB as a mid-cap with significant runway for institutional re-rating as India's infrastructure spend accelerates
Bear Case 8
  • PE ratio of 59.1x is extremely elevated for an industrial company, pricing in multiple years of flawless execution with no room for disappointment
  • Price-to-book of 9.11x (cited as 9.36x by screeners) is excessively rich, implying significant downside risk if growth decelerates
  • TTM sales growth has sharply decelerated to just 5% versus 14% 3-year CAGR, signaling potential demand slowdown or order execution challenges
  • Debtor days have increased from 97.1 to 118 days, indicating deteriorating working capital efficiency and potential collection issues
  • TTM profit growth of only 8% versus 17% 3-year CAGR suggests margin expansion tailwinds may be fading
  • Dividend yield of just 0.5% offers negligible income cushion against capital loss in a high-valuation stock during market corrections
  • Only 2 total analyst ratings provide a very thin consensus base, making the 100% BUY signal statistically unreliable
  • 1-year stock CAGR of only 9% versus 27% over 3 years indicates momentum is waning and re-rating may have largely played out

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 5d ago
Positives 1
  • Strong revenue, 220% dividend May 20

    KSB held its 66th AGM on May 20, 2026, approving FY25 financial statements and a 220% dividend. Revenue rose to INR 26,957 Million, signaling robust top-line growth.

TL;DR: KSB delivered strong FY25 results with revenue reaching INR 26,957 Million and rewarded shareholders with a generous 220% dividend. No visible headwinds emerged from recent coverage. With only one data point available, the trend appears positive but warrants monitoring for order book momentum and margin trajectory in coming quarters.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
490
591
564
603
544
646
616
726
595
667
650
784
601
Expenses
432
506
493
522
483
555
529
628
528
575
565
654
550
Operating Profit
57
85
70
81
61
91
88
98
68
91
85
130
51
OPM %
12%
14%
12%
13%
11%
14%
14%
14%
11%
14%
13%
17%
8%
Other Income
10
11
11
9
13
13
10
14
16
16
22
-5
18
Interest
1
1
2
2
1
1
1
0
1
1
1
1
1
Depreciation
12
12
12
14
13
13
14
14
14
14
15
16
14
PBT
55
83
67
75
60
90
83
98
69
92
91
108
53
Tax %
26%
24%
25%
27%
25%
24%
26%
25%
25%
24%
26%
25%
25%
Net Profit
41
63
50
55
45
68
62
73
52
70
68
81
40
EPS in Rs
2.35
3.61
2.88
3.16
2.56
3.91
3.55
4.2
2.96
4.05
3.88
4.65
2.29
Figures in ₹ Crores

Profit & Loss

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
802
819
826
946
1,093
1,294
1,208
1,497
1,822
2,247
2,533
2,696
2,702
Expenses
701
713
720
838
965
1,142
1,039
1,287
1,575
1,954
2,193
2,319
2,345
Operating Profit
101
106
106
108
128
152
169
210
247
294
340
377
357
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
50
Interest
2
2
3
4
4
5
3
5
6
5
3
3
3
Depreciation
28
28
29
31
40
46
42
44
45
50
54
58
59
PBT
94
100
103
108
109
140
157
201
245
280
331
360
345
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
259
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
14.87
Div. Payout %
28%
28%
28%
29%
29%
28%
32%
29%
29%
29%
28%
28%
—
Figures in ₹ Crores

Balance Sheet

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital
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
Borrowings
24
1
7
13
43
60
62
3
3
3
3
5
Other Liabilities
332
347
321
354
449
547
588
596
679
761
859
1,109
Total Liabilities
914
951
988
1,077
1,250
1,436
1,540
1,609
1,825
2,066
2,348
2,793
Fixed Assets
191
194
219
308
321
307
318
311
350
419
438
462
CWIP
10
14
16
4
4
34
25
39
25
32
55
92
Investments
50
51
54
58
60
64
66
70
74
80
88
97
Other Assets
663
691
699
707
865
1,030
1,130
1,190
1,375
1,535
1,767
2,143
Total Assets
914
951
988
1,077
1,250
1,436
1,540
1,609
1,825
2,066
2,348
2,793
Figures in ₹ Crores

Cash Flow

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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
Figures in ₹ Crores

Ratios

  Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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%

Shareholding Pattern

As of Mar 2026
Promoters 69.80%
Public 11.78%
DIIs 11.64%
FIIs 4.66%
Others 2.11%
Government 0.01%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
66.69%
69.80%
69.80%
69.80%
69.80%
69.80%
69.80%
69.80%
69.80%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.49%
5.22%
5.37%
5.36%
5.33%
4.86%
4.68%
4.58%
4.52%
4.66%
DIIs
10.63%
11.05%
11.14%
10.88%
10.73%
10.74%
10.57%
10.85%
10.40%
10.29%
10.78%
10.12%
10.02%
10.07%
10.22%
10.62%
11.06%
11.39%
11.56%
11.94%
11.64%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.01%
0.01%
0.01%
0.01%
Public
13.13%
13.19%
13.09%
13.68%
14.19%
13.81%
13.77%
13.70%
13.97%
14.00%
13.41%
13.32%
12.87%
12.70%
12.54%
12.12%
12.16%
12.02%
11.90%
11.72%
11.78%
Others
9.54%
9.08%
9.09%
8.75%
8.38%
8.75%
8.97%
8.75%
8.94%
9.01%
9.11%
5.37%
5.19%
2.06%
2.08%
2.14%
2.11%
2.11%
2.15%
2.02%
2.11%
No. of Shareholders
18,048
22,600
22,038
20,344
21,349
21,428
25,715
27,194
32,799
35,744
39,873
45,747
47,455
55,288
70,326
54,962
56,172
54,840
53,916
50,203
51,144

Documents

1
Concall - Aug 2018 Aug 2018
2
Concall - Mar 2019 Mar 2019
3
Concall - Mar 2019 Mar 2019
4
Concall - May 2019 May 2019
5
Concall - Jul 2019 Jul 2019

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 Industrials sector within the Industrial Products 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 ₹16149.97 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 62.83. 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 0.47%. 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 16.03%. 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

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