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 ₹ 15,441 Cr.
- Current Price ₹ 884
- High / Low ₹ 1,028 / 667
- Stock P/E 57.4
- Book Value ₹ 92.7
- Dividend Yield 0.50 %
- ROCE 25.2 %
- ROE 18.8 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.2%
Cons
- Stock is trading at 9.53 times its book value
- Debtor days have increased from 97.1 to 118 days.
* 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 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 800 | 817 | 825 | 946 | 1,093 | 1,294 | 1,208 | 1,497 | 1,822 | 2,247 | 2,533 | 2,696 | 2,702 | |
| 701 | 713 | 719 | 838 | 965 | 1,142 | 1,039 | 1,287 | 1,575 | 1,954 | 2,193 | 2,319 | 2,345 | |
| Operating Profit | 99 | 104 | 105 | 108 | 128 | 152 | 169 | 210 | 247 | 294 | 340 | 377 | 356 |
| OPM % | 12% | 13% | 13% | 11% | 12% | 12% | 14% | 14% | 14% | 13% | 13% | 14% | 13% |
| 28 | 31 | 26 | 32 | 27 | 37 | 31 | 36 | 45 | 36 | 39 | 37 | 42 | |
| 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 |
| Profit before tax | 97 | 105 | 99 | 105 | 112 | 138 | 155 | 197 | 241 | 275 | 322 | 353 | 337 |
| Tax % | 33% | 34% | 34% | 35% | 34% | 29% | 37% | 26% | 26% | 26% | 25% | 25% | |
| 65 | 70 | 65 | 68 | 74 | 98 | 97 | 147 | 179 | 205 | 241 | 264 | 253 | |
| EPS in Rs | 3.76 | 4.01 | 3.76 | 3.89 | 4.25 | 5.62 | 5.59 | 8.43 | 10.30 | 11.76 | 13.84 | 15.20 | 14.52 |
| Dividend Payout % | 29% | 27% | 29% | 31% | 28% | 28% | 30% | 30% | 29% | 30% | 29% | 29% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 24% |
| 3 Years: | 17% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 36% |
| 3 Years: | 28% |
| 1 Year: | 17% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 18% |
| 3 Years: | 18% |
| Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 471 | 518 | 581 | 628 | 678 | 746 | 812 | 929 | 1,058 | 1,213 | 1,390 | 1,578 |
| 24 | 1 | 7 | 13 | 43 | 60 | 62 | 3 | 3 | 3 | 3 | 5 | |
| 332 | 347 | 321 | 354 | 449 | 547 | 588 | 596 | 678 | 759 | 857 | 1,109 | |
| Total Liabilities | 862 | 901 | 943 | 1,029 | 1,205 | 1,388 | 1,496 | 1,563 | 1,773 | 2,010 | 2,285 | 2,727 |
| 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 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 7 |
| 655 | 686 | 702 | 711 | 874 | 1,040 | 1,146 | 1,206 | 1,392 | 1,552 | 1,786 | 2,166 | |
| Total Assets | 862 | 901 | 943 | 1,029 | 1,205 | 1,388 | 1,496 | 1,563 | 1,773 | 2,010 | 2,285 | 2,727 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 34 | 111 | 57 | -26 | 78 | 202 | 171 | 62 | 38 | 142 | 187 | 93 | |
| -18 | -33 | -60 | 38 | -86 | -152 | -101 | 2 | -12 | 5 | -146 | 50 | |
| 1 | -47 | -23 | -21 | 3 | -4 | -32 | -95 | -51 | -59 | -65 | -72 | |
| Net Cash Flow | 17 | 31 | -26 | -8 | -6 | 46 | 39 | -30 | -25 | 88 | -24 | 71 |
| Free Cash Flow | -4 | 75 | -23 | -107 | 36 | 157 | 122 | 25 | -67 | 49 | 88 | -0 |
| CFO/OP | 65% | 134% | 92% | 18% | 92% | 157% | 126% | 66% | 40% | 72% | 75% | 53% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 81 | 79 | 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 | 105 | 129 | 153 | 152 | 127 | 138 | 134 | 172 | 165 | 163 | 204 |
| Working Capital Days | 45 | 39 | 57 | 83 | 71 | 37 | 26 | 54 | 76 | 77 | 83 | 104 |
| ROCE % | 20% | 20% | 17% | 17% | 16% | 16% | 18% | 22% | 24% | 24% | 24% | 25% |
Insights
In beta| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Employees Headcount Nos |
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| Order Intake Mio INR |
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| Order Intake - SupremeServ Mio INR |
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| Order Intake - Valves Division Mn INR |
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| Order Intake - Solar Pumps (PM KUSUM) Rs. Crore |
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| Orders on Hand (Total) Mio INR |
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Extracted by Screener AI
Documents
Announcements
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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.
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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.
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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.
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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.
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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.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2024
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Financial Year 2023
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Financial Year 2023
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Financial Year 2022
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Financial Year 2022
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Financial Year 2021
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Financial Year 2021
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Financial Year 2020
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Financial Year 2020
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Financial Year 2019
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Financial Year 2019
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Financial Year 2018
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Financial Year 2018
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Concalls
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Mar 2026Transcript PPT
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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.