KSB Ltd

KSB Ltd

₹ 784 -3.60%
13 Dec - close price
About

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]

Key Points

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.

  • Market Cap 13,649 Cr.
  • Current Price 784
  • High / Low 1,060 / 634
  • Stock P/E 59.5
  • Book Value 77.6
  • Dividend Yield 0.45 %
  • ROCE 23.3 %
  • ROE 17.1 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 24.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 29.0%

Cons

  • Stock is trading at 10.1 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
368 445 418 448 431 525 490 591 564 603 544 646 616
316 388 363 387 377 448 432 506 493 522 483 555 529
Operating Profit 52 56 55 61 54 77 57 85 70 81 61 91 88
OPM % 14% 13% 13% 14% 13% 15% 12% 14% 12% 13% 11% 14% 14%
11 10 11 15 12 11 10 11 11 9 13 13 10
Interest 1 2 1 1 1 2 1 1 2 2 1 1 1
Depreciation 11 11 10 11 12 12 12 12 12 14 13 13 14
Profit before tax 51 54 55 64 53 73 55 83 67 75 60 90 83
Tax % 23% 27% 26% 26% 27% 24% 26% 24% 25% 27% 25% 24% 26%
39 39 40 47 39 56 41 63 50 55 45 68 62
EPS in Rs 2.24 2.26 2.32 2.72 2.24 3.21 2.35 3.61 2.88 3.16 2.56 3.91 3.55
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 TTM
714 731 802 819 826 946 1,093 1,294 1,208 1,497 1,822 2,247 2,409
621 629 701 713 720 838 965 1,142 1,039 1,287 1,575 1,954 2,089
Operating Profit 93 102 101 106 106 108 128 152 169 210 247 294 320
OPM % 13% 14% 13% 13% 13% 11% 12% 12% 14% 14% 14% 13% 13%
14 12 23 24 29 35 24 40 33 40 50 42 45
Interest 5 3 2 2 3 4 4 5 3 5 6 5 4
Depreciation 24 27 28 28 29 31 40 46 42 44 45 50 54
Profit before tax 79 86 94 100 103 108 109 140 157 201 245 280 308
Tax % 30% 33% 34% 36% 33% 34% 34% 28% 40% 26% 25% 26%
64 67 68 69 69 71 72 101 94 149 183 209 229
EPS in Rs 3.65 3.84 3.93 3.95 3.94 4.07 4.12 5.79 5.39 8.59 10.50 12.00 13.18
Dividend Payout % 30% 29% 28% 28% 28% 29% 29% 28% 32% 29% 29% 29%
Compounded Sales Growth
10 Years: 12%
5 Years: 16%
3 Years: 23%
TTM: 11%
Compounded Profit Growth
10 Years: 12%
5 Years: 24%
3 Years: 30%
TTM: 9%
Stock Price CAGR
10 Years: 21%
5 Years: 43%
3 Years: 45%
1 Year: 18%
Return on Equity
10 Years: 13%
5 Years: 15%
3 Years: 17%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Jun 2024
Equity Capital 35 35 35 35 35 35 35 35 35 35 35 35 35
Reserves 433 477 522 568 625 676 723 794 856 976 1,108 1,267 1,316
17 3 24 1 7 13 43 60 62 3 3 3 3
269 284 332 347 321 354 449 547 588 596 679 761 879
Total Liabilities 754 799 914 951 988 1,077 1,250 1,436 1,540 1,609 1,825 2,066 2,232
158 181 191 194 219 308 321 307 318 311 350 419 424
CWIP 27 8 10 14 16 4 4 34 25 39 25 32 37
Investments 43 48 50 51 54 58 60 64 66 70 74 80 81
526 561 663 691 699 707 865 1,030 1,130 1,190 1,375 1,535 1,691
Total Assets 754 799 914 951 988 1,077 1,250 1,436 1,540 1,609 1,825 2,066 2,232

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
126 105 112 58 -25 77 202 171 62 38 142
-39 -11 -33 -61 39 -86 -152 -101 2 -12 5
-68 -39 -48 -23 -21 2 -4 -32 -95 -51 -59
Net Cash Flow 20 56 31 -26 -7 -6 46 39 -30 -25 88

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023
Debtor Days 75 63 82 80 72 98 97 84 81 68 81 80
Inventory Days 197 194 193 171 200 193 196 170 212 195 207 184
Days Payable 114 138 147 145 142 139 141 127 155 129 116 98
Cash Conversion Cycle 158 120 127 106 130 153 152 127 138 134 172 165
Working Capital Days 63 41 56 40 60 88 85 54 44 54 76 77
ROCE % 17% 18% 17% 17% 17% 16% 15% 16% 18% 21% 23% 23%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 66.69% 69.80% 69.80%
2.90% 2.45% 2.91% 3.17% 3.23% 3.48% 3.43% 3.51% 4.50% 5.22% 5.38% 5.35%
11.12% 10.97% 10.93% 10.77% 10.85% 10.41% 10.30% 10.88% 10.13% 10.03% 10.07% 10.23%
19.29% 19.89% 19.47% 19.36% 19.21% 19.42% 19.59% 18.92% 18.69% 18.07% 14.74% 14.61%
No. of Shareholders 20,34421,34921,42825,71527,19432,79935,74439,87345,74747,45555,28870,326

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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