KSH International Ltd
Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.[1]
- Market Cap ₹ 6,977 Cr.
- Current Price ₹ 1,029
- High / Low ₹ 1,198 / 330
- Stock P/E 46.7
- Book Value ₹ 133
- Dividend Yield 0.00 %
- ROCE 21.5 %
- ROE 20.1 %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 50.3% CAGR over last 5 years
Cons
- Stock is trading at 7.76 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Industrials Capital Goods Industrial Products Cables - Electricals
Part of BSE Industrials Nifty IPO BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 470 | 871 | 1,049 | 1,383 | 1,928 | 3,107 | 4,320 | |
| Sales growth | +85% | +21% | +32% | +39% | +61% | +88% | |
| 445 | 820 | 998 | 1,311 | 1,805 | 2,914 | 4,050 | |
| Operating Profit | 25 | 51 | 51 | 72 | 123 | 193 | 270 |
| OPM % | 5% | 6% | 4.9% | 5% | 6% | 6% | 6% |
| 6 | 5 | 7 | 8 | 10 | 20 | 26 | |
| Interest | 7 | 10 | 15 | 18 | 29 | 45 | 67 |
| Depreciation | 6 | 6 | 8 | 11 | 14 | 22 | 32 |
| Profit before tax | 18 | 40 | 35 | 51 | 90 | 146 | 197 |
| Tax % | 20% | 27% | 25% | 26% | 25% | 25% | |
| 15 | 29 | 27 | 37 | 68 | 110 | 148 | |
| EPS in Rs | 2.55 | 5.13 | 4.67 | 6.55 | 11.97 | 16.25 | 21.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 44% |
| TTM: | 88% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 50% |
| 3 Years: | 61% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 21% |
| Last Year: | 20% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 6 | 6 | 28 | 34 | 34 |
| Reserves | 136 | 165 | 188 | 225 | 270 | 774 | 865 |
| 86 | 146 | 129 | 214 | 366 | 321 | 372 | |
| 47 | 52 | 36 | 38 | 80 | 193 | 485 | |
| Total Liabilities | 274 | 369 | 359 | 483 | 745 | 1,323 | 1,755 |
| 87 | 88 | 107 | 140 | 133 | 313 | 437 | |
| CWIP | 1 | 11 | 9 | 7 | 108 | 52 | 41 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 186 | 270 | 242 | 336 | 504 | 958 | 1,277 | |
| Total Assets | 274 | 369 | 359 | 483 | 745 | 1,323 | 1,755 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 5 | -44 | 62 | -17 | -9 | -65 | |
| -1 | -13 | -20 | -39 | -118 | -179 | |
| 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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Capacity Utilization % |
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| EBITDA per Ton INR per MT |
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| Export Revenue Mix % |
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| Installed Production Capacity MT |
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| Magnet Winding Wires Sales Volume MT |
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| Specialized Wires Revenue Mix % |
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| Repeat Revenue % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Q2/H1 FY27 earnings call transcript; revenue Rs1,320 crore, PAT Rs48 crore, Phase-3 capex Rs185 crore.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- KSH International to attend JM Financial 17th One-on-One and Group Investor Meetings on November 18, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Audio recording of earnings call for Q2 and H1 FY2027 results held on November 5, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- KSH International Limited has submitted to the Exchange Newspaper publication of unaudited financial results for the quarter and six months period ended September 30, 2026, …
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
- CARE report for quarter ended September 30, 2026 found nil deviation; Rs.44.01 crore remained unutilised.
Concalls
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Nov 2026Transcript PPT REC
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Jan 2026Transcript PPT REC
Business Profile:[1]
The company manufactures standard and specialised magnet winding wires used in transformers, motors, alternators, generators,
EV traction motors, appliances, railways and power T&D equipment. It supplies leading
OEMs in India under the "KSH" brand.