Ksb Limited (KSB) · mywealthgrid

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About

KSB Limited manufactures compressors, pumps, and diesel engines as mid-cap industrials company with ₹13,941.75 Cr market cap. Products serve cyclical end-markets (infrastructure, manufacturing, power); business inherently tied to capital expenditure cycles in core customer segments.

Face value: ₹2

Market cap

₹14,032 Cr

P/E

57.2×

P/B

8.4×

Dividend yield

0.5%

ROE

17.1%

ROCE

22.6%

Debt / equity

OPM

13.9%

EPS (TTM)

₹14.1

Book value

₹96.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margin volatility: OPM swung from 16.53% (Dec 2025) to 8.45% (Mar 2026), an 8 percentage point compression. Verify cost drivers and whether recent decline signals structural weakness.
Revenue volatility: ₹784 Cr (Dec 2025) fell to ₹601.3 Cr (Mar 2026), a 23% quarter-on-quarter drop. Confirm whether this reflects normal seasonal pattern or weakening demand.
Valuation stretched: PE 56.79 with 1y return of -3.59% despite 17.1% ROE and zero debt suggests market has priced in headwinds. Verify near-term growth visibility and competitive positioning.
Industrial-products cyclicality: Compressors and pumps typically track infrastructure and capex cycles. Verify status of key end-markets and project pipeline visibility.

Generated analysis · source review pending

Growth drivers

Recent momentum: Jun 2026 standalone revenue ₹690.7 Cr exceeds Sep 2025 (₹649.6 Cr), suggesting sequential recovery despite Mar 2026 softness.
Margin recovery trajectory: Jun 2026 OPM rebounded to 11.81% from Mar low of 8.45%; verify sustainability above 13.86% trailing average.
Debt-free balance sheet: D/E of 0 enables organic capex or M&A for capacity and product expansion without constraint; confirm capital deployment strategy.
Earnings reinvestment: ROE of 17.1% and regular dividend payouts indicate cash generation surplus; verify plans for higher-margin products or market expansion.

Generated analysis · source review pending

1,958 historical price candles were omitted because the exchange source has not been verified.

₹806.5-2.2%1Y

Quick read

rule-based

Pros

+High return on capital employed of 22.1%
+Profit CAGR of 23.6% over the last 5 years
+Revenue CAGR of 17.4% over the last 5 years
+Almost debt-free (debt/equity 0)
+Comfortable interest coverage of 124.8×
+Dividend payout of 31.2% of profit
+High promoter holding of 69.8% with no pledge

Cons

−Trading at 8.4× book value

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 67
Growth

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY SMALLCAP 250 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
	1,093	1,294	1,208	1,497	1,822	2,247	2,533	2,696
COGS	565	698	621	792	988	1,278	1,422	1,456
Gross profit	528	596	588	705	834	970	1,111	1,239
	395	440	414	489	580	667	760	851
	133	156	173	216	255	303	351	388
OPM %	12.1%	12%	14.3%	14.4%	14%	13.5%	13.9%	14.4%
Depreciation	40	46	42	44	45	50	54	58
Interest	4	5	3	5	6	5	3	3
	20	36	29	34	42	32	37	34
Profit before tax	109	141	157	201	245	280	331	361
Tax	38	40	63	52	63	72	83	90
Tax %	34.5%	28.3%	40.3%	25.7%	25.5%	25.5%	25.2%	25%
	72	101	94	149	183	209	248	271
PAT margin %	6.6%	7.8%	7.8%	10%	10%	9.3%	9.8%	10%
EPS (₹)	20.6	28.9	26.9	42.9	52.5	60	14.2	15.5
EPS adjusted (₹)	—	—	5.4	8.6	10.5	12	14.2	15.6
	29.2%	27.6%	31.6%	29.1%	28.6%	29.2%	28.1%	28.3%
Annual report	Annual report for Dec 2018	Annual report for Dec 2019	Annual report for Dec 2020	Annual report for Dec 2021	Annual report for Dec 2022	Annual report for Dec 2023	Annual report for Dec 2024	Annual report for Dec 2025

₹ Cr	Mar 2020	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	35	35	35	35	35	35	35
Reserves	856	—	976	1,108	1,267	1,451	1,644
	60	—	0	0	0	0	0
	590	—	599	682	764	863	1,114
Total equity & liabilities	1,540	—	1,609	1,825	2,066	2,348	2,793
	292	292	283	350	419	406	428
CWIP	25	—	39	25	31	53	89
Investments	66	—	70	74	80	0	97
	1,157	—	1,217	1,376	1,536	1,889	2,180
Total assets	1,540	—	1,609	1,825	2,066	2,348	2,793

₹ Cr	Mar 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
	202	172	63	38	141	187	93
	-152	-101	3	-13	5	-146	50
	-4	-32	-95	-51	-59	-65	-72
Net cash flow	—	39	-30	-25	87	-24	70
Free cash flow	—	122	24	-69	48	87	-1
CFO / Operating profit %	—	102.3%	29.9%	15.5%	48.2%	55.4%	24.8%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Dec 2025 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Pumps	2,215	284.7	2,178.5	988.7	1,189.8	23.93
Valves	485.1	69.7

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Margins
Gross margin %	48.3%	46%	48.6%	47.1%	45.8%	43.2%	43.9%	46%
EBITDA margin %	11.8%	11.6%	13.9%	14%	13.5%	13.1%	13.3%	13.9%
EBIT margin %	8.1%	8.1%	10.4%	11.1%	11.1%	10.9%	11.2%	11.7%
PAT margin %	6.6%	7.8%	7.8%	10%	10%	9.3%	9.8%	10%
Working capital
Receivable days	—	—	—	68	81	80	94	118
Inventory days	—	—	—	195	207	184	165	197
Payable days	—	—	—	129	116	98	96	111
NWC days	—	—	—	134	172	165	162	204
Leverage
Current ratio	—	—	—	2.09	2.01	2.07	2.13	2.03
Debt to EBITDA	—	—	—	0	0	0	0	0
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	29.4	24.1	45.6	39.9	39.9	52.1	118.5	124.8
Asset turnover	—	—	—	0.93	1	1.09	1.08	0.97
Return ratios
Return on assets %	—	—	—	9.3%	10%	10.1%	10.5%	9.7%
Return on capital employed %	—	—	—	18.7%	21.6%	21.8%	22.1%	22.6%
Return on equity %	—	—	—	14.8%	16%	16%	16.7%	16.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.69%	66.69%	66.69%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%	69.8%
	3.51%	4.49%	5.22%	5.37%	5.36%	5.33%	4.86%	4.68%	4.58%	4.52%	4.66%	4.1%
	10.88%	10.12%	10.02%	10.07%	10.22%	10.62%	11.06%	11.39%	11.56%	11.94%	11.64%	11.77%
	0%	0%	0%	0%	0%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%
	18.92%	18.7%	18.07%	14.76%	14.62%	14.25%	14.28%	14.13%	14.05%	13.73%	13.89%	14.32%
No. of shareholders	—	—	—	—	—	—	—	—	53,916	50,203	51,144	51,832

Promoter holding up 3.11 percentage points since Sep 2023.

4 deals · 28 Feb 2025 – 26 Feb 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	9,95,193	₹787.21	₹78.34 Cr
26 Feb 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	9,95,193	₹786.84	₹78.31 Cr
28 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	16,52,297	₹640.04	₹105.75 Cr
28 Feb 2025	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	16,52,297	₹639.25	₹105.62 Cr

1–4 of 4

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. GAURAV SWARUPNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. STEPHEN BROSSNon-Executive - Non Independent Director
Mr. RAJEEV JAYANTIPRASAD JAINExecutive Director-MD
Mrs. SHARMILA BARUA ROYCHOWDHURYNon-Executive - Independent Director
Mr. MATTHIAS GUNTER SCHMITZNon-Executive - Non Independent Director
Mr. VISHAL NIMESH KAMPANINon-Executive - Independent Director
Mr. ULHAS NARAYAN YARGOPNon-Executive - Independent Director
Mr. UDAYMITRA CHANDRAKANT MUKTIBODHNon-Executive - Independent Director
Mr. Mahesh BhaveChief Financial Officer
Ms. Shraddha KavathekarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 11 fund houses

Held by these funds

6.44%

of the company's equity

All mutual funds

9.87%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

22 schemes · 11 fund houses

		Shares
ELSS Tax Saver Fund	Nippon India Mutual Fund	26.5 L	213.89	1.45%	1.523%	-0
SMALL CAP FUND	Tata Mutual Fund	23.22 L	187.44	1.43%	1.334%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	14.2 L	114.63	2.23%	0.816%	-2,017
Infrastructure Fund	ICICI Prudential Mutual Fund	13.44 L	108.53	1.27%	0.773%	-0
Small Cap FundNEW	ICICI Prudential Mutual Fund	8.04 L	64.87	0.66%	0.462%	—
(LIVE SCHEMES)	ITI Mutual Fund	4.38 L	35.32	0.98%	0.251%	-13,285
Flexi Cap Fund	Bajaj Finserv Mutual Fund	4.26 L	34.41	0.4%	0.245%	-0
Energy Opportunities Fund	ICICI Prudential Mutual Fund	2.96 L	23.86	0.29%	0.17%	-0

1–8 of 22

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPTREC
Mar 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

26

Final dividend8 May 2026 · ex-date₹4.4
Final dividend2 May 2025 · ex-date₹4
Final dividend13 Jun 2024 · ex-date₹17.5
Final dividend28 Apr 2023 · ex-date₹15
Dividend dividend28 Apr 2022 · ex-date₹12.5
Dividend dividend15 Apr 2021 · ex-date₹8.5
Dividend dividend23 Apr 2020 · ex-date₹8
Dividend dividend25 Apr 2019 · ex-date₹6
Dividend dividend12 Apr 2018 · ex-date₹6
Dividend dividend12 Apr 2017 · ex-date₹5.5
Final dividend12 Apr 2016 · ex-date₹5.5
Final dividend30 Mar 2015 · ex-date₹5.5
Final dividend20 Mar 2014 · ex-date₹4.5
Interim dividend7 Nov 2013 · ex-date₹1
Interim dividend7 Mar 2013 · ex-date₹4.5
Interim dividend8 Nov 2012 · ex-date₹1
Final dividend26 Mar 2012 · ex-date₹3
Interim dividend4 Nov 2011 · ex-date₹1
Final dividend8 Mar 2011 · ex-date₹8
Interim dividend2 Nov 2010 · ex-date₹2
Dividend dividend15 Apr 2010 · ex-date₹10.5
Interim dividend5 Nov 2009 · ex-date₹2
Final dividend2 Apr 2009 · ex-date₹3.5
Interim dividend10 Nov 2008 · ex-date₹2
Final dividend23 Apr 2008 · ex-date₹3.5
Interim dividend8 Nov 2007 · ex-date₹2

1

Board meeting to consider results4 Aug 2026

1

Face value ₹10 → ₹225 Jul 2024 · ex-date

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

10 announcementsExport CSV

29 Sept 2026, 8:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

Award of Order / Receipt of Order PDF

28 Sept 2026, 5:55 pmCompany Update

Intimation Regarding Strike Off Of Wholly Owned Subsidiary

General PDF

28 Sept 2026, 3:09 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

26 Aug 2026, 5:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

Earnings Call Transcript PDF

24 Aug 2026, 5:39 pmCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

21 Aug 2026, 5:28 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

19 Aug 2026, 10:34 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

Analyst / Investor Meet PDF

19 Aug 2026, 11:21 amCompany Update

Announcement under Regulation 30 (LODR)-Investor Presentation

Investor Presentation PDF

Date	Category	Subject	Filing
29 Sept 2026, 8:39 pm	Company Update Award of Order / Receipt of Order	Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order	PDF
28 Sept 2026, 5:55 pm	Company Update General	Intimation Regarding Strike Off Of Wholly Owned Subsidiary

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Ratio	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Margins
Gross margin %	48.3%	46%	48.6%	47.1%	45.8%	43.2%	43.9%	46%
EBITDA margin %	11.8%	11.6%	13.9%	14%	13.5%	13.1%	13.3%	13.9%
EBIT margin %	8.1%	8.1%	10.4%	11.1%	11.1%	10.9%	11.2%	11.7%
PAT margin %	6.6%	7.8%	7.8%	10%	10%	9.3%	9.8%	10%
Working capital
Receivable days	—	—	—	68	81	80	94	118
Inventory days	—	—	—	195	207	184	165	197
Payable days	—	—	—	129	116	98	96	111
NWC days	—	—	—	134	172	165	162	204
Leverage
Current ratio	—	—	—	2.09	2.01	2.07	2.13	2.03
Debt to EBITDA	—	—	—	0	0	0	0	0
Debt to equity	—	—	—	0	0	0	0	0
Interest coverage	29.4	24.1	45.6	39.9	39.9	52.1	118.5	124.8
Asset turnover	—	—	—	0.93	1	1.09	1.08	0.97
Return ratios
Return on assets %	—	—	—	9.3%	10%	10.1%	10.5%	9.7%
Return on capital employed %	—	—	—	18.7%	21.6%	21.8%	22.1%	22.6%
Return on equity %	—	—	—	14.8%	16%	16%	16.7%	16.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Cummins India LimitedCUMMINSINDCUMMINSIND	₹1,34,719 Cr	₹1,34,719 Cr	₹12,662 Cr	₹2,588 Cr	21.4%	₹2,367 Cr	19.5%	34.7%	29.5%	60
Kirloskar Oil Engines LimitedKIRLOSENGKIRLOSENG	₹32,609 Cr	₹37,923 Cr	₹7,937 Cr	₹1,389 Cr	18.4%	₹535 Cr	7.3%	18.8%	16.8%	28
Elgi Equipments LimitedELGIEQUIPELGIEQUIP	₹18,528 Cr	₹18,932 Cr	₹4,146 Cr	₹613 Cr	14.7%	₹448 Cr	10.9%	28.4%	21%	114
Kirloskar Brothers LimitedKIRLOSBROSKIRLOSBROS	₹14,035 Cr	₹14,222 Cr	₹4,664 Cr	₹548 Cr	12%	₹373 Cr	8.3%	20.8%	16.4%	68
Ksb LimitedKSBKSB	₹14,032 Cr	₹14,032 Cr	₹2,726 Cr	₹347 Cr	13.9%	₹246 Cr	10%	22.6%	17.1%	204
Ingersoll Rand (India) LimitedINGERRANDINGERRAND	₹13,142 Cr	₹13,142 Cr	₹1,450 Cr	₹348 Cr	23.9%	₹266 Cr	18.4%	56.9%	41.8%	179
Shakti Pumps (India) LimitedSHAKTIPUMPSHAKTIPUMP	₹5,604 Cr	₹6,090 Cr	₹2,934 Cr	₹361 Cr	15.6%	₹212 Cr	9.6%	27.2%	18%	134
Greaves Cotton LimitedGREAVESCOTGREAVESCOT	₹5,265 Cr	₹5,591 Cr	₹3,665 Cr	₹239 Cr	7%	₹100 Cr	1%	9.9%	7.6%	-6
Kirloskar Pneumatic Company LimitedKIRLPNUKIRLPNU	₹4,433 Cr	₹4,435 Cr	₹1,808 Cr	₹370 Cr	20%	₹263 Cr	14.2%	29.2%	21.8%	90
Swaraj Engines LimitedSWARAJENGSWARAJENG	₹4,287 Cr	₹4,287 Cr	₹2,111 Cr	₹282 Cr	13.6%	₹202 Cr	9.8%	57.6%	43.2%	-3
Oswal Pumps LimitedOSWALPUMPSOSWALPUMPS	₹3,012 Cr	₹3,250 Cr	₹2,024 Cr	₹447 Cr	24.9%	₹336 Cr	18.2%	46.3%	35.1%	218
Yuken India LimitedYUKENYUKEN	₹1,552 Cr	₹1,656 Cr	₹492 Cr	₹53 Cr	10.9%	₹16 Cr	3.1%	8.7%	4.3%	170

Ksb Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

26

1

1

Announcements

26

1

1

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Others · revenue

Ksb Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Investor Presentation and earnings call

Events

Dividends26

Board meetings1

Stock splits1

Announcements

Dividends26

Board meetings1

Stock splits1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Segment results

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Others · revenue

26

1

1

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