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KSH International

KSHINTL NSE
₹985.45 +34.75 (+3.66%)
P/E
49.32
View as Markdown
MCP
Close 4 Nov 2026 ₹985.45 +630.45 +178% since 23 Dec 2025
Start ₹355.00

Key Fundamentals

MicrocapIndustrial ProductsCapital Goods

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

ROCE
21.50%
Debt to Equity
0.40
EPS (TTM)
₹19.98
Book Value
₹119.27
Market Cap
—
P/E (TTM)
49.32
P/B
8.26
ROE
20.10%
Dividend Yield
0.00%
EBITDA
₹214 Cr
52W High
₹1,198.00
52W Low
₹330.00
Day Range
₹945.70 – ₹989.85
Volume
1,74,563

Peer Comparison

Industrials › Capital Goods › Industrial Products › Cables - Electricals

KSH International peer comparison
Polycab
₹7,930.0041.68₹1,18,037 Cr9.130.60%23.00%33.20%₹31,188 Cr₹2,906 Cr
KEI Industries
₹3,996.4038.32₹37,549 Cr5.310.12%14.70%20.00%₹12,343 Cr₹997 Cr
RR Kabel
₹2,017.6037.56₹22,302 Cr7.510.32%21.30%28.10%₹10,832 Cr₹607 Cr
Finolex Cables
₹1,192.0022.79₹17,519 Cr3.000.79%12.30%16.00%₹6,939 Cr₹800 Cr
KSH International (this company)
₹985.4549.32₹6,521 Cr8.260.00%20.10%21.50%₹3,712 Cr₹130 Cr
V Marc
₹324.8513.76₹4,718 Cr16.440.00%41.40%41.40%₹2,082 Cr₹118 Cr
Universal Cables
₹1,304.1022.62₹3,919 Cr2.390.37%8.90%11.70%₹3,368 Cr₹200 Cr
Median 7 companies₹1,304.1037.56₹17,519 Cr7.510.32%20.10%21.50%₹6,939 Cr₹607 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

47 Average

Data confidence 100/100

Category scores

Quality
27
Poor
Returns, margins, earnings quality 22% weight
Valuation
29
Poor
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
41
Weak
Solvency, leverage, coverage 9% weight
Momentum
86
Strong
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 expected to give good quarter
  • Company has delivered good profit growth of 50.3% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 8.55 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish3511
OscillatorsNeutral252
Moving AveragesStrong Bullish109

Key readings

RSI (14)
53.41
Neutral
MACD (12,26,9)
−17.26
Bullish
SMA (50)
1,005.08
Bearish
SMA (200)
728.40
Bullish

As of

Analyst Rating

Based on 1 analysts
BUY100%

1 of 1 analyst rates Buy, 0 Hold, 0 Sell.

As of

BUY
1
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

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

Revenue

Revenue growth by window
5Y+45.90%
3Y+43.61%
1Y+61.15%
TTM+80.63%

Net profit

Net profit growth by window
5Y+48.96%
3Y+59.71%
1Y+61.76%
TTM+62.50%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YTurned negative
1YOutflow widened by ₹56 Cr
TTM—

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

Operating margin· change in pp

Operating margin growth by window
5Y+0.89 pp
3Y+1.35 pp
1Y−0.17 pp
TTM−0.80 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2021₹470 Cr
Mar 2022₹871 Cr
Mar 2023₹1,049 Cr
Mar 2024₹1,383 Cr
Mar 2025₹1,928 Cr
Mar 2026₹3,107 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2021₹15.00 Cr
Mar 2022₹29.00 Cr
Mar 2023₹27.00 Cr
Mar 2024₹37.00 Cr
Mar 2025₹68.00 Cr
Mar 2026₹110 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹263 Cr +23.4% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

KSH International Ltd is the largest exporter and third-largest manufacturer of magnet winding wires in India, with a market cap of approximately ₹5,813 Cr. The company has delivered strong revenue growth (44% CAGR over 3 years, TTM sales growth of 61%) and profit growth (50% CAGR over 5 years), but trades at a PE of 52.2x and 7.11x book value with zero dividend payout.

Bull Case 8
  • Compounded profit growth of 50% CAGR over the last 5 years demonstrates sustained earnings momentum
  • TTM revenue growth of 61% indicates accelerating top-line expansion, with FY26 sales reaching approximately ₹3,107 Cr vs ₹1,928 Cr in FY25
  • 3-year ROE averaging 21% and last year ROE of 20% reflect efficient capital deployment relative to equity base
  • Largest exporter of magnet winding wires from India by export revenue, providing a structural competitive moat in global T&D supply chains
  • Installed capacity expanded to approximately 43,000 MTPA across four manufacturing facilities, positioning for future volume growth
  • 75% of revenue comes from specialised winding wires for T&D ecosystem (CTC, paper-insulated conductors), benefiting from India's power infrastructure buildout
  • Q2 FY26 PAT surged 129% YoY to ₹295.9 million on 51% revenue growth, showing operating leverage kicking in
  • Compounded sales CAGR of 46% over 5 years demonstrates consistency well beyond a single-cycle phenomenon
Bear Case 7
  • PE ratio of 52.2x is elevated and now comparable to sector leaders like Polycab (57x) and KEI Industries (56x) despite smaller scale
  • Zero dividend yield despite repeated profitability suggests shareholders receive no income return while bearing full growth risk
  • PE has rerated from approximately 30x to 53x in 2026 alone, meaning much of the recent stock gain is multiple expansion rather than earnings catch-up
  • Debt-to-equity ratio is unavailable, limiting visibility into the company's leverage and financial risk profile
  • Stock has rallied approximately 155% year-to-date in 2026, raising the risk of mean reversion if earnings disappoint even marginally
  • 10-year growth data is largely unavailable, making it difficult to assess long-term cyclical resilience through prior downturns
  • As a recent IPO (listed December 2025), the company has limited listed track record and public market governance history

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

AI News Digest

121d ago

TL;DR: All recent news flow for KSH International is routine and compliance-related, with no material positive catalysts or red flags. The zero-pledge status of promoter holdings is a mild governance comfort. No operational or financial updates have emerged, so the near-term outlook hinges on the upcoming Q1FY26 results for any directional signal.

Neutral 3
  • Trading window closed for Q1FY26 Jun 23

    KSH International shuts its trading window from July 1, 2026, until 48 hours after Q1FY26 results are announced, per SEBI insider trading regulations.

  • Zero promoter share pledging Jun 18

    Promoters held 5.05 crore shares with zero encumbrance as of March 31, 2026, indicating no financial stress at the promoter level.

  • Analyst meetings in Supa and Pune Jun 15

    Company scheduled investor/analyst meetings on June 19-20, 2026 in Supa and Pune, relying only on publicly available information.

Quarterly Results

₹ Cr
KSHINTL quarterly results, ₹ crore
Particulars Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
472
516
508
559
712
818
1,018
1,164
Expenses
446
476
473
518
666
768
962
1,090
Operating Profit
26
40
35
40
46
49
56
74
OPM %
6%
8%
7%
7%
6%
6%
6%
6%
Other Income
2
4
2
4
4
4.69
9
8
Interest
7
7
8
7
9
14
13
17
Depreciation
4
5
3
3
4
7
8
8
PBT
17
33
26
34
37
31
45
57
Tax %
25%
22%
29%
32%
19%
25%
23%
26%
Net Profit
13
26
18
23
30
23
35
42
EPS (₹)
228
453
3.25
3.99
5.21
3.44
5.1
6.23

Profit & Loss

₹ Cr
KSHINTL profit and loss, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
470
871
1,049
1,383
1,928
3,107
3,712
Expenses
445
820
998
1,311
1,805
2,914
3,486
Operating Profit
25
51
51
72
123
193
226
OPM %
5%
6%
4.9%
5%
6%
6%
6%
Other Income
6
5
7
8
10
20
24
Interest
7
10
15
18
29
45
54
Depreciation
6
6
8
11
14
22
27
PBT
18
40
35
51
90
146
169
Tax %
20%
27%
25%
26%
25%
25%
—
Net Profit
15
29
27
37
68
110
130
EPS (₹)
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
11.97
16.25
19.98
Div. Payout %
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
KSHINTL balance sheet, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
6
6
6
6
28
34
Reserves
136
165
188
225
270
774
Borrowings
86
146
129
214
366
321
Other Liabilities
47
52
36
38
80
193
Total Liabilities
274
369
359
483
745
1,323
Fixed Assets
87
88
107
140
133
313
CWIP
1
11
9
7
108
52
Investments
0
0
0
0
0
0
Other Assets
186
270
242
336
504
958
Total Assets
274
369
359
483
745
1,323

Cash Flow

₹ Cr
KSHINTL cash flow, annual, ₹ crore
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5
−44
62
−17
−9
−65
Investing
−1
−13
−20
−39
−118
−179
Financing
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/OP
28
−67
138
−7
9
−17

Ratios

KSHINTL financial ratios, annual
Particulars Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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

Beta

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

Log in to view KSH International insights

60 extracted metrics across FY21–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 74.58%
  • Public 9.00%
  • DIIs 7.73%
  • FIIs 6.60%
  • Others 2.08%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about KSH International

What does KSH International Ltd do?
Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.
Where is KSH International Ltd (KSHINTL) listed?
KSH International Ltd trades as KSHINTL on the NSE and under code 544664 on the BSE.
Which sector does KSH International Ltd belong to?
KSH International Ltd is classified under the Capital Goods sector, in the Industrial Products industry.
What is the PE ratio of KSH International Ltd?
KSH International Ltd trades at a PE ratio of 49.32 as of 4 Nov 2026, on earnings per share of ₹19.98, against a book value of ₹119.27 per share.
What is the 52-week high and low of KSH International Ltd?
Over the last 52 weeks KSH International Ltd has traded between ₹330 and ₹1,198 as of 4 Nov 2026.
What is the Return on Equity (ROE) of KSH International Ltd?
KSH International Ltd reported a return on equity of 20.10%. Its debt-to-equity ratio is 0.40.

Company Information

Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.

Listed 23 Dec 2025
Face Value ₹5

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