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KSB

KSB NSE
₹659.20 −7.00 (−1.05%)
P/E
46.72
View as Markdown
MCP
Close 4 Nov 2026 ₹659.20 −109.85 −14.3% 1Y
Start ₹769.05

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
24.70%
Debt to Equity
0.00
EPS (TTM)
₹14.11
Book Value
₹97.54
Market Cap
—
P/E (TTM)
46.72
P/B
6.76
ROE
18.40%
Dividend Yield
0.66%
EBITDA
₹433 Cr
52W High
₹1,028.30
52W Low
₹641.10
Day Range
₹651.85 – ₹671.70
Volume
1,35,510

Peer Comparison

Industrials › Industrial Products › Compressors Pumps & Diesel Engines › Compressors, Pumps & Diesel Engines

KSB peer comparison
Cummins
₹4,725.7055.34₹1,27,886 Cr15.461.42%30.20%39.50%₹12,662 Cr₹2,366 Cr
Kirloskar Oil Engines
₹1,802.0047.96₹25,029 Cr7.250.41%17.50%14.60%₹7,937 Cr₹534 Cr
Elgi Equipments
₹562.0539.78₹17,070 Cr7.980.51%19.00%22.10%₹4,146 Cr₹447 Cr
Kirloskar Brothers
₹1,715.7036.49₹13,785 Cr5.300.40%17.30%20.40%₹4,664 Cr₹377 Cr
Ingersoll Rand
₹4,045.8047.74₹12,935 Cr20.741.82%43.00%57.10%₹1,457 Cr₹267 Cr
KSB (this company)
₹659.2046.72₹11,469 Cr6.760.66%18.40%24.70%₹2,726 Cr₹246 Cr
Kirloskar Pneumatic Company
₹574.2028.19₹7,179 Cr5.792.18%22.70%30.30%₹1,788 Cr₹264 Cr
Median 7 companies₹1,715.7046.72₹13,785 Cr7.250.66%19.00%24.70%₹4,146 Cr₹377 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

41 Weak

Data confidence 100/100

Category scores

Quality
42
Weak
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
27
Poor
Sales & profit trajectory 9% weight
Financial Health
76
Strong
Solvency, leverage, coverage 9% weight
Momentum
15
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 28.5%

Weaknesses

2
  • Stock is trading at 7.96 times its book value
  • Debtor days have increased from 97.1 to 118 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1243
OscillatorsBullish243
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
30.76
Neutral
MACD (12,26,9)
−38.35
Bearish
SMA (50)
771.88
Bearish
SMA (200)
812.65
Bearish

As of

Analyst Rating

Based on 2 analysts
TIED50%

1 of 2 analysts rate Buy, 0 Hold, 1 Sell.

As of

BUY
1
50%
HOLD
0
0%
SELL
1
50%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+12.65%
5Y+17.42%
3Y+13.95%
1Y+6.44%
TTM+4.69%

Net profit

Net profit growth by window
10Y+14.62%
5Y+23.49%
3Y+13.84%
1Y+9.31%
TTM−4.28%

Operating cash flow

Operating cash flow growth by window
10Y−1.84%
5Y−11.47%
3Y+34.76%
1Y−50.27%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+1.04 pp
5Y−0.01 pp
3Y+0.42 pp
1Y+0.56 pp
TTM−0.48 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹826 Cr
Dec 2017₹946 Cr
Dec 2018₹1,093 Cr
Dec 2019₹1,294 Cr
Dec 2020₹1,208 Cr
Dec 2021₹1,497 Cr
Dec 2022₹1,822 Cr
Dec 2023₹2,247 Cr
Dec 2024₹2,533 Cr
Dec 2025₹2,696 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹69.00 Cr
Dec 2017₹71.00 Cr
Dec 2018₹72.00 Cr
Dec 2019₹101 Cr
Dec 2020₹94.00 Cr
Dec 2021₹149 Cr
Dec 2022₹183 Cr
Dec 2023₹209 Cr
Dec 2024₹247 Cr
Dec 2025₹270 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹108 Cr +10.9% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 6 Oct 2026
AI opinion · based on fundamentals
Risk medium

As of the 2026-10-06 close, KSB Ltd traded at ₹809.1, giving it a market capitalisation of ₹14,081.51 crore. The company has no debt (debt-to-equity of 0) and earns an ROCE of 20.56%, and it grew sales and profit at 17% and 25% compounded over five years. It is valued at 57.34 times trailing earnings and 8.3 times book value, while TTM sales and profit growth have slowed to 5% and 2%, and debtor days have risen from 97.1 to 118.

Bull Case 7
  • The balance sheet carries no debt, with a debt-to-equity ratio of 0. This removes interest-rate and refinancing risk and leaves room to fund capex or working capital internally.
  • Capital efficiency is healthy, with ROCE at 20.56% and ROE at 16.11%. ROE has also stayed steady over time, at 15% over 10 years, 17% over 5 years and 18% over 3 years.
  • Long-term growth has been solid. Profit compounded at 25% and sales at 17% over five years, and over 10 years the figures were 16% for profit and 13% for sales, showing growth across multiple business cycles.
  • Profit has grown faster than sales over longer periods: 17% vs 14% over 3 years and 25% vs 17% over 5 years. This suggests margins expanded over that stretch.
  • The stock has compounded at 21% over 10 years and 26% over 5 years, so shareholders have been well rewarded over long holding periods.
  • At ₹809.1, the stock is about 21.3% below its 52-week high of ₹1,028.3 as of 2026-10-06. Its valuation has therefore come off the peak levels of the past year.
  • The company pays out about 28.5% of profits as dividends. That leaves most earnings for reinvestment while still returning cash to shareholders.
Bear Case 7
  • The valuation is demanding, with a P/E of 57.34 as of 2026-10-06. That is an earnings yield of only about 1.7%, so a lot of future growth is already reflected in the price.
  • Recent growth has slowed sharply. TTM profit growth is 2% and TTM sales growth is 5%, compared with 17% and 14% over 3 years. A 57x multiple is hard to justify on low single-digit earnings growth.
  • The stock trades at 8.3 times book value as of 2026-10-06. With ROE at 16.11%, that price-to-book ratio implies the market expects returns well above current levels.
  • Debtor days rose from 97.1 to 118. Cash is taking longer to come in, which ties up working capital and may point to longer customer payment cycles or weaker collections.
  • Over the past year the stock returned 0%. Despite strong longer-term returns, investors have seen no price appreciation in that period.
  • The dividend yield is only 0.55% as of 2026-10-06.
  • The 52-week range of ₹666.65 to ₹1,028.3 shows high volatility. The swing between the low and the high is about 54%, and ₹809.1 still sits about 21.4% above the 52-week low.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

27d ago

TL;DR: KSB's Rs 1,180 crore Dangote order on Sep 29 is a large backlog addition, worth roughly 1.7 quarters of average revenue, and it supports revenue visibility. The only news item here is this order, so no reported headwinds can be assessed. The main risks are execution timelines, margins on a large single-customer package, and how the order's revenue is spread across reporting periods. The near-term trend looks better, and investors should watch upcoming results for order book growth and how fast the order is converted into revenue.

Positives 1
  • Rs 1,180 cr Dangote order win Sep 29

    KSB won a Rs 1,180 crore order from Dangote Projects to supply a Boiler Feed Pump Package. The order equals about 169% of the company's average quarterly revenue and adds substantially to its order backlog.

Quarterly Results

₹ Cr
KSB quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
591
564
603
544
646
616
726
595
667
650
784
601
691
773
Expenses
506
493
522
483
555
529
628
528
575
565
654
550
609
691
Operating Profit
85
70
81
61
91
88
98
68
91
85
130
51
82
82
OPM %
14%
12%
13%
11%
14%
14%
14%
11%
14%
13%
17%
8%
12%
11%
Other Income
11
11
9
13
13
10
14
16
16
22
−5
18
9
16
Interest
1
2
2
1
1
1
0
1
1
1
1
1
1
1
Depreciation
12
12
14
13
13
14
14
14
14
15
16
14
15
16
PBT
83
67
75
60
90
83
98
69
92
91
108
53
75
80
Tax %
24%
25%
27%
25%
24%
26%
25%
25%
24%
26%
25%
25%
23%
24%
Net Profit
63
50
55
45
68
62
73
52
70
68
81
40
57
61
EPS (₹)
3.61
2.88
3.16
2.56
3.91
3.55
4.2
2.96
4.05
3.88
4.65
2.29
3.29
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
KSB profit and loss, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
802
819
826
946
1,093
1,294
1,208
1,497
1,822
2,247
2,533
2,696
2,726
Expenses
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%
Other Income
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
PBT
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%
—
Net Profit
68
69
69
71
72
101
94
149
183
209
247
270
246
EPS (₹)
3.93
3.95
3.94
4.07
4.12
5.79
5.39
8.59
10.5
12
14.22
15.54
14.11
Div. Payout %
28%
28%
28%
29%
29%
28%
32%
29%
29%
29%
28%
28%
—

Balance Sheet

₹ Cr
KSB balance sheet, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 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
Borrowings
24
1
7
13
43
60
62
3
3
3
3
5
6
Other Liabilities
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
Fixed Assets
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
Other Assets
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 Flow

₹ Cr
KSB cash flow, annual, ₹ crore
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
—
112
58
−25
77
202
171
62
38
142
187
93
Investing
—
−33
−61
39
−86
−152
−101
2
−12
5
−146
50
Financing
—
−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

KSB financial ratios, annual
Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view KSB insights

63 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 69.80%
  • DIIs 12.20%
  • Public 12.01%
  • FIIs 3.69%
  • Others 2.29%
  • Government 0.01%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about KSB

What does KSB Ltd do?
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…
Where is KSB Ltd (KSB) listed?
KSB Ltd trades as KSB on the NSE and under code 500249 on the BSE.
Which sector does KSB Ltd belong to?
KSB Ltd is classified under the Industrial Products sector, in the Compressors Pumps & Diesel Engines industry.
What is the PE ratio of KSB Ltd?
KSB Ltd trades at a PE ratio of 46.72 as of 4 Nov 2026, on earnings per share of ₹14.11, against a book value of ₹97.54 per share.
What is the 52-week high and low of KSB Ltd?
Over the last 52 weeks KSB Ltd has traded between ₹641.1 and ₹1,028.3 as of 4 Nov 2026.
Does KSB Ltd pay dividends?
KSB Ltd has a dividend yield of 0.66%.
What is the Return on Equity (ROE) of KSB Ltd?
KSB Ltd reported a return on equity of 18.40%. Its debt-to-equity ratio is 0.00.

Company Information

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.

Website ksbindia.in
CEO Mr. Rajeev Jayantiprasad Jain
Employees 2,380
Listed 8 Feb 1995
Face Value ₹2

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