KSH International Ltd
KSHINTL NSE
KSH International Ltd
Capital GoodsNSE: KSHINTL BSE: 544664 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹6,480 Cr
Volatility
Moderate
P/E Ratio
47.46
EBITDA
₹214 Cr
Return on Equity
13.63%
Debt to Equity
0.4
Book Value
₹119.27
52W High
₹1,059.9
52W Low
₹330
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view KSH International Ltd insights
42 extracted metrics + investor summaries across FY21–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
2- Company is expected to give good quarter
- Company has delivered good profit growth of 50.3% CAGR over last 5 years
Weaknesses
2- Stock is trading at 8.13 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
Growth Rate
Revenue Growth
61.41% ↗
Net Income Growth
61.91% ↗
Cash Flow Change
-586.79% ↘
ROE
-40.14% ↘
ROCE
-19.44% ↘
EBITDA Margin (Avg.)
0.00% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 51d agoAI opinion · based on fundamentals
Risk high
KSH International Ltd is the largest exporter and third-largest manufacturer of magnet winding wires in India, with a market cap of approximately ₹5,813 Cr. The company has delivered strong revenue growth (44% CAGR over 3 years, TTM sales growth of 61%) and profit growth (50% CAGR over 5 years), but trades at a PE of 52.2x and 7.11x book value with zero dividend payout.
Bull Case 8
- Compounded profit growth of 50% CAGR over the last 5 years demonstrates sustained earnings momentum
- TTM revenue growth of 61% indicates accelerating top-line expansion, with FY26 sales reaching approximately ₹3,107 Cr vs ₹1,928 Cr in FY25
- 3-year ROE averaging 21% and last year ROE of 20% reflect efficient capital deployment relative to equity base
- Largest exporter of magnet winding wires from India by export revenue, providing a structural competitive moat in global T&D supply chains
- Installed capacity expanded to approximately 43,000 MTPA across four manufacturing facilities, positioning for future volume growth
- 75% of revenue comes from specialised winding wires for T&D ecosystem (CTC, paper-insulated conductors), benefiting from India's power infrastructure buildout
- Q2 FY26 PAT surged 129% YoY to ₹295.9 million on 51% revenue growth, showing operating leverage kicking in
- Compounded sales CAGR of 46% over 5 years demonstrates consistency well beyond a single-cycle phenomenon
Bear Case 8
- PE ratio of 52.2x is elevated and now comparable to sector leaders like Polycab (57x) and KEI Industries (56x) despite smaller scale
- Price-to-book of 7.11x is high for a manufacturing business, leaving limited margin of safety if growth slows
- Zero dividend yield despite repeated profitability suggests shareholders receive no income return while bearing full growth risk
- PE has rerated from approximately 30x to 53x in 2026 alone, meaning much of the recent stock gain is multiple expansion rather than earnings catch-up
- Debt-to-equity ratio is unavailable, limiting visibility into the company's leverage and financial risk profile
- Stock has rallied approximately 155% year-to-date in 2026, raising the risk of mean reversion if earnings disappoint even marginally
- 10-year growth data is largely unavailable, making it difficult to assess long-term cyclical resilience through prior downturns
- As a recent IPO (listed December 2025), the company has limited listed track record and public market governance history
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 51d ago Neutral 3
- Trading window closed for Q1FY26 Jun 23
KSH International shuts its trading window from July 1, 2026, until 48 hours after Q1FY26 results are announced, per SEBI insider trading regulations.
- Zero promoter share pledging Jun 18
Promoters held 5.05 crore shares with zero encumbrance as of March 31, 2026, indicating no financial stress at the promoter level.
- Analyst meetings in Supa and Pune Jun 15
Company scheduled investor/analyst meetings on June 19-20, 2026 in Supa and Pune, relying only on publicly available information.
TL;DR: All recent news flow for KSH International is routine and compliance-related, with no material positive catalysts or red flags. The zero-pledge status of promoter holdings is a mild governance comfort. No operational or financial updates have emerged, so the near-term outlook hinges on the upcoming Q1FY26 results for any directional signal.
Quarterly Results
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 472 | 516 | 508 | 559 | 712 | 818 | 1,018 | 1,164 |
| Expenses | 446 | 476 | 473 | 518 | 666 | 768 | 962 | 1,090 |
| Operating Profit | 26 | 40 | 35 | 40 | 46 | 49 | 56 | 74 |
| OPM % | 6% | 8% | 7% | 7% | 6% | 6% | 6% | 6% |
| Other Income | 2 | 4 | 2 | 4 | 4 | 3 | 9 | 8 |
| Interest | 7 | 7 | 8 | 7 | 9 | 14 | 13 | 17 |
| Depreciation | 4 | 5 | 3 | 3 | 4 | 7 | 8 | 8 |
| PBT | 17 | 33 | 26 | 34 | 37 | 31 | 45 | 57 |
| Tax % | 25% | 22% | 29% | 32% | 19% | 25% | 23% | 26% |
| Net Profit | 13 | 26 | 18 | 23 | 30 | 23 | 35 | 42 |
| EPS in Rs | 228 | 453 | 3.25 | 3.99 | 5.21 | 3.44 | 5.1 | 6.23 |
Profit & Loss
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 470 | 871 | 1,049 | 1,383 | 1,928 | 3,107 | 3,712 |
| Expenses | 445 | 820 | 998 | 1,311 | 1,805 | 2,914 | 3,486 |
| Operating Profit | 25 | 51 | 51 | 72 | 123 | 193 | 226 |
| OPM % | 5% | 6% | 4.9% | 5% | 6% | 6% | 6% |
| Other Income | 6 | 5 | 7 | 8 | 10 | 20 | 24 |
| Interest | 7 | 10 | 15 | 18 | 29 | 45 | 54 |
| Depreciation | 6 | 6 | 8 | 11 | 14 | 22 | 27 |
| PBT | 18 | 40 | 35 | 51 | 90 | 146 | 169 |
| Tax % | 20% | 27% | 25% | 26% | 25% | 25% | — |
| Net Profit | 15 | 29 | 27 | 37 | 68 | 110 | 130 |
| EPS in Rs | 255 | 515 | 468 | 657 | 11.97 | 16.25 | 19.98 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 28 | 34 |
| Reserves | 136 | 165 | 188 | 225 | 270 | 774 |
| Borrowings | 86 | 146 | 129 | 214 | 366 | 321 |
| Other Liabilities | 47 | 52 | 36 | 38 | 80 | 193 |
| Total Liabilities | 274 | 369 | 359 | 483 | 745 | 1,323 |
| Fixed Assets | 87 | 88 | 107 | 140 | 133 | 313 |
| CWIP | 1 | 11 | 9 | 7 | 108 | 52 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 186 | 270 | 242 | 336 | 504 | 958 |
| Total Assets | 274 | 369 | 359 | 483 | 745 | 1,323 |
Cash Flow
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Operating | 5 | -44 | 62 | -17 | -9 | -65 |
| Investing | -1 | -13 | -20 | -39 | -118 | -179 |
| Financing | 6 | 51 | -41 | 67 | 123 | 306 |
| Net Cash Flow | 10 | -6 | 2 | 11 | -5 | 62 |
| Free Cash Flow | 5 | -44 | 40 | -57 | -130 | -228 |
| CFO/OP | 28 | -67 | 138 | -7 | 9 | -17 |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 87 | 54 | 38 | 42 | 42 | 39 |
| Inventory Days | 36 | 49 | 43 | 39 | 45 | 56 |
| Days Payable | 29 | 15 | 6 | 4 | 6 | 14 |
| Cash Conversion Cycle | 95 | 88 | 75 | 78 | 82 | 80 |
| Working Capital Days | 36 | 27 | 30 | 28 | 27 | 39 |
| ROCE % | — | 18% | 16% | 18% | 21% | 21% |
Documents
2
Board Meeting Intimation for Approval Of The Audited Standalone Financial Results For The Quarter And Financial Year Ended March 31 2026
5 May - Board meets May 25, 2026 to approve audited standalone results for FY2026. 5 May - Board meets May 25, 2026 to approve audited standalone results for FY2026.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
21 Apr - KSH International says it is not a Large Corporate for FY2026-27; borrowing stood at ₹35.30 crore. 21 Apr - KSH International says it is not a Large Corporate for FY2026-27; borrowing stood at ₹35.30 crore.
4
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
16h - KSH International says it is not a Large Corporate for FY2026-27; borrowing stood at ₹35.30 crore. 16h - KSH International says it is not a Large Corporate for FY2026-27; borrowing stood at ₹35.30 crore.
Frequently Asked Questions about KSH International Ltd
What does KSH International Ltd do?
Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.[1]
Where is KSH International Ltd (KSHINTL) listed?
KSH International Ltd is listed on the Indian stock exchanges. It is listed on NSE: KSHINTL and BSE: 544664. You can view its live share price, financials, and ratios on Tapetide.
Which sector does KSH International Ltd belong to?
KSH International Ltd operates in the Capital Goods 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 KSH International Ltd?
KSH International Ltd has a market capitalisation of approximately ₹6480.49 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of KSH International Ltd?
The Price-to-Earnings (PE) ratio of KSH International Ltd is 47.46. 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 KSH International Ltd?
Over the past 52 weeks, KSH International Ltd has traded between a low of ₹330 and a high of ₹1,059.9. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of KSH International Ltd?
KSH International Ltd has a Return on Equity (ROE) of 13.63%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research KSH International Ltd on Tapetide?
On Tapetide, you can view KSH International 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
Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.[1]
Listed 2025-12-23
Face Value ₹ 5
Issued Size 6,77,55,700