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 ₹ 13,786 Cr.
- Current Price ₹ 792
- High / Low ₹ 1,028 / 667
- Stock P/E 52.6
- Book Value ₹ 97.5
- Dividend Yield 0.56 %
- ROCE 24.7 %
- ROE 18.4 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 28.5%
Cons
- Stock is trading at 8.12 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 802 | 819 | 826 | 946 | 1,093 | 1,294 | 1,208 | 1,497 | 1,822 | 2,247 | 2,533 | 2,696 | 2,726 | |
| 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% |
| 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 |
| Profit before tax | 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% | |
| 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 | 10.50 | 12.00 | 14.22 | 15.54 | 14.11 |
| Dividend Payout % | 28% | 28% | 28% | 29% | 29% | 28% | 32% | 29% | 29% | 29% | 28% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 25% |
| 3 Years: | 17% |
| TTM: | 2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 28% |
| 3 Years: | 14% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 17% |
| 3 Years: | 18% |
| Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 |
| 24 | 1 | 7 | 13 | 43 | 60 | 62 | 3 | 3 | 3 | 3 | 5 | 6 | |
| 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 |
| 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 |
| 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 Flows
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 112 | 58 | -25 | 77 | 202 | 171 | 62 | 38 | 142 | 187 | 93 | ||
| -33 | -61 | 39 | -86 | -152 | -101 | 2 | -12 | 5 | -146 | 50 | ||
| -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
Consolidated Figures in Rs. Crores / View Standalone
| 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% |
Insights
In beta| Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Market Share in Indian Pumps Industry % ・Standalone data |
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| Order Intake (Excluding Nuclear) INR Million |
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| Orders on Hand (Excluding Nuclear) INR Million |
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| Export Order Intake INR Million |
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| Solar Pumps Order Intake INR Million |
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| SupremeServ (Aftermarket) Order Intake INR Million |
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| Authorized Service Centers Count |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Intimation of schedule of Non-Deal Roadshow scheduled to be held on 26th and 27th August, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- KSB participated in an Institutional Investors Meet on 19 August 2026; recording available online.
- Announcement under Regulation 30 (LODR)-Investor Presentation
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Announcement under Regulation 30 (LODR)-Change in Management
- KSB Ltd reports resignation of senior manager Philip Varghese Puthenpurackal, effective close of business on 14 August 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2024
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Annual Report 2023
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Annual Report 2023
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Annual Report 2022
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Annual Report 2022
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Annual Report 2021
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Annual Report 2021
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Annual Report 2020
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Annual Report 2020
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Annual Report 2019
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Annual Report 2019
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Annual Report 2018
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Annual Report 2018
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Concalls
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Aug 2026TranscriptPPT REC
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Aug 2026TranscriptAI SummaryPPT
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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.