KSB Ltd
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]
- Market Cap ₹ 12,635 Cr.
- Current Price ₹ 726
- High / Low ₹ 918 / 582
- Stock P/E 49.2
- Book Value ₹ 84.7
- Dividend Yield 0.55 %
- ROCE 24.2 %
- ROE 18.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.3%
Cons
- Stock is trading at 8.63 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 730 | 800 | 817 | 825 | 946 | 1,093 | 1,294 | 1,208 | 1,497 | 1,822 | 2,247 | 2,533 | 2,638 | |
| 629 | 701 | 713 | 719 | 838 | 965 | 1,142 | 1,039 | 1,287 | 1,575 | 1,954 | 2,196 | 2,296 | |
| Operating Profit | 101 | 99 | 104 | 105 | 108 | 128 | 152 | 169 | 210 | 247 | 294 | 338 | 342 |
| OPM % | 14% | 12% | 13% | 13% | 11% | 12% | 12% | 14% | 14% | 14% | 13% | 13% | 13% |
| 16 | 28 | 31 | 26 | 32 | 27 | 37 | 31 | 36 | 45 | 36 | 41 | 60 | |
| Interest | 3 | 2 | 2 | 3 | 4 | 4 | 5 | 3 | 5 | 6 | 5 | 3 | 3 |
| Depreciation | 27 | 28 | 28 | 29 | 31 | 40 | 46 | 42 | 44 | 45 | 50 | 54 | 57 |
| Profit before tax | 88 | 97 | 105 | 99 | 105 | 112 | 138 | 155 | 197 | 241 | 275 | 322 | 342 |
| Tax % | 32% | 33% | 34% | 34% | 35% | 34% | 29% | 37% | 26% | 26% | 26% | 25% | |
| 60 | 65 | 70 | 65 | 68 | 74 | 98 | 97 | 147 | 179 | 205 | 241 | 257 | |
| EPS in Rs | 3.43 | 3.76 | 4.01 | 3.76 | 3.89 | 4.25 | 5.62 | 5.59 | 8.43 | 10.30 | 11.76 | 13.84 | 14.75 |
| Dividend Payout % | 32% | 29% | 27% | 29% | 31% | 28% | 28% | 30% | 30% | 29% | 30% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 14% |
| 3 Years: | 19% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 22% |
| 3 Years: | 18% |
| TTM: | 15% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 41% |
| 3 Years: | 25% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 428 | 471 | 518 | 581 | 628 | 678 | 746 | 812 | 929 | 1,058 | 1,213 | 1,390 | 1,439 |
| 3 | 24 | 1 | 7 | 13 | 43 | 60 | 62 | 3 | 3 | 3 | 3 | 5 | |
| 284 | 332 | 347 | 321 | 354 | 449 | 547 | 588 | 596 | 678 | 759 | 857 | 965 | |
| Total Liabilities | 751 | 862 | 901 | 943 | 1,029 | 1,205 | 1,388 | 1,496 | 1,563 | 1,773 | 2,010 | 2,285 | 2,444 |
| 181 | 191 | 194 | 219 | 308 | 321 | 307 | 318 | 311 | 350 | 419 | 438 | 445 | |
| CWIP | 8 | 10 | 14 | 16 | 4 | 4 | 34 | 25 | 39 | 25 | 32 | 55 | 61 |
| Investments | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
| 555 | 655 | 686 | 702 | 711 | 874 | 1,040 | 1,146 | 1,206 | 1,392 | 1,552 | 1,786 | 1,931 | |
| Total Assets | 751 | 862 | 901 | 943 | 1,029 | 1,205 | 1,388 | 1,496 | 1,563 | 1,773 | 2,010 | 2,285 | 2,444 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 105 | 34 | 111 | 57 | -26 | 78 | 202 | 171 | 62 | 38 | 142 | 187 | |
| -12 | -18 | -33 | -60 | 38 | -86 | -152 | -101 | 2 | -12 | 5 | -146 | |
| -39 | 1 | -47 | -23 | -21 | 3 | -4 | -32 | -95 | -51 | -59 | -65 | |
| Net Cash Flow | 54 | 17 | 31 | -26 | -8 | -6 | 46 | 39 | -30 | -25 | 88 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 81 | 79 | 72 | 98 | 97 | 84 | 81 | 68 | 81 | 80 | 94 |
| Inventory Days | 194 | 193 | 171 | 200 | 193 | 196 | 170 | 212 | 195 | 207 | 184 | 165 |
| Days Payable | 138 | 147 | 145 | 142 | 139 | 141 | 127 | 155 | 129 | 116 | 98 | 96 |
| Cash Conversion Cycle | 120 | 127 | 105 | 129 | 153 | 152 | 127 | 138 | 134 | 172 | 165 | 162 |
| Working Capital Days | 39 | 45 | 39 | 57 | 83 | 71 | 37 | 26 | 54 | 76 | 77 | 83 |
| ROCE % | 20% | 20% | 20% | 17% | 17% | 16% | 16% | 18% | 22% | 24% | 24% | 24% |
Documents
Announcements
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Board Meeting Intimation for The Meeting Scheduled To Be Held On 25Th February, 2026
15h - Board meets 25 Feb 2026 to approve audited results for quarter/year ended 31 Dec 2025; consider final dividend.
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Annual Disclosure Of Not Being A Large Corporate
30 Jan - KSB confirms not a 'Large Corporate'—no long-term borrowings ≥INR100 crore; details after Dec 31, 2025 results.
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Closure of Trading Window
24 Dec 2025 - Trading window closed from 1 Jan 2026 until 48 hours after results for quarter/year ended 31 Dec 2025.
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Volume Movement Letter
1 Dec 2025 - KSB Ltd informs BSE that recent share volume increase is market-driven; no undisclosed price-sensitive information.
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Clarification sought from KSB Ltd
1 Dec 2025 - Exchange has sought clarification from KSB Ltd on December 1, 2025, with reference to Movement in Volume.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Nov 2025Transcript PPT
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Nov 2025TranscriptAI SummaryPPT
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Sep 2025Transcript PPT
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Aug 2025TranscriptAI SummaryPPT
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Jun 2025TranscriptAI SummaryPPT
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Mar 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Mar 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Mar 2023Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Nov 2021TranscriptAI SummaryPPT
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Sep 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Mar 2019TranscriptAI SummaryPPT
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Mar 2019TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
Business Profile[1]
KSB Limited is a prominent player in the pump and valve industry, serving diverse sectors such as energy, water, wastewater, construction, and general industries. Founded in 1960 and headquartered in Pune, Maharashtra, the company has established itself as a key player with a robust presence in domestic and international markets.