On 6 Nov 2026, KSB was priced at ₹628.95, or 45.9× trailing earnings, against an industry P/E of 33.8×, and the shares are 39% below their 52-week high. It earns ROCE of 21% and ROE of 17%, and sales and net profit grew 14% and 14% a year over 3 years. It has almost no debt, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹10,946 Cr, ranked 24th of 138 Specialty Industrial Machinery companies by market cap; the shares fell 16% over the past year.
- ₹648.95
- ₹648.95
- ₹626.00
- ₹648.85
- 1.7 L
Health check
- ReturnsBehind
−16.1% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 45.9 vs industry 33.8.
- GrowthSteady
Sales +14.0%, profit +14.0% a year over 3 years.
- ProfitabilityAverage
ROCE 20.6% vs peer median 24.8%.
- Balance sheetFair
Practically debt-free, Piotroski 4 of 9.
- Red flags2 to check
Quarterly profit down 10.2% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹10,946 Cr
- Small cap
- P/E
- 45.9
- Industry 33.8
- Price to book
- 6.52
- Peers 9.16
- Dividend yield
- 0.70%
- ROE
- 17.1%
- Peers 19.1%
- ROCE
- 20.6%
- Peers 24.8%
- Debt to equity
- 0.00
- EPS (TTM)
- ₹13.71
- Face value ₹2
- OPM (TTM)
- 12.1%
- Net margin 8.4%
- Sales growth
- +19.0%
- Latest quarter vs a year ago
- Profit growth
- −10.2%
- Latest quarter vs a year ago
- Price to sales
- 3.86
Strengths and risks
Strengths
- Return on capital employed of 20.6%.
- Practically debt-free.
- Quarterly sales up 19.0% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 10.2% on a year ago.
- 39% below its 52-week high.
About KSB
KSB Limited manufactures and sells power-driven pumps and industrial valves in India and internationally. It operates through Pumps and Valves segments. The Pumps segment manufactures and trades in industrial, submersible, and effluent treatment pumps, etc.; and provides related spares and services. The Valves segment is involved in the manufacture and trading of industrial valves and spares; and services. It offers spare parts kits, mechanical seals,…
- Headquarters
- Pune
- Employees
- 2,194
- Sector
- Industrials
- ISIN
- INE999A01023
- Website
- ksb.com
Price range
- Avg volume (3M)
- 2.5 L
- 1-year return
- minus 16.1%
- From 52-week high
- minus 38.8%
Peers · Specialty Industrial Machinery
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| BHELBharat Heavy Electricals | 418.80 | plus 0.17% | 1,45,829 | 50.6 | 74.6 | 6.6% | 10.1% | 0.22 | 13.5% | plus 56.4% |
| ABBABB India | 6,774.00 | plus 2.20% | 1,43,547 | 92.3 | 68.2 | 28.5% | 13.8% | 0.02 | 15.4% | plus 26.4% |
| SIEMENSSiemens | 3,560.00 | plus 3.73% | 1,26,779 | 86.1 | 59.3 | 16.5% | 10.4% | 0.02 | 3.0% | plus 10.0% |
| CUMMINSINDCummins India | 4,048.80 | minus 0.25% | 1,12,233 | 49.8 | 41.7 | 35.0% | 19.1% | 0.00 | 16.1% | minus 6.0% |
| GVT&DGE Vernova T&D India | 4,018.00 | minus 3.06% | 1,02,879 | 71.3 | 56.6 | 58.5% | 26.5% | 0.01 | 31.1% | plus 31.7% |
| SUZLONSuzlon Energy | 38.80 | plus 0.54% | 53,337 | 23.7 | 17.3 | 24.8% | 16.7% | 0.07 | 41.4% | minus 35.7% |
| AIAENGAIA Engineering | 3,113.60 | minus 2.77% | 29,056 | 23.5 | 19.6 | 19.9% | 27.4% | 0.00 | −3.4% | minus 3.9% |
| KSBKSB | 628.95 | minus 3.07% | 10,946 | 45.9 | 27.8 | 20.6% | 12.1% | 0.00 | 14.0% | minus 16.1% |
| Median of 7 peers | – | 0.17% | 1,12,233 | 50.6 | 56.6 | 24.8% | 16.7% | 0.02 | 15.4% | 10.0% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 650 | 784 | 601 | 691 | 773 | |
| 565 | 654 | 551 | 609 | 691 | |
| 84.8 | 130 | 50.8 | 81.6 | 81.6 | |
| 13.1% | 16.5% | 8.4% | 11.8% | 10.6% | |
| 21.8 | 20.5 | 17.6 | 9.3 | 15.6 | |
| 0.7 | 0.8 | 0.6 | 1.4 | 1.1 | |
| 14.8 | 15.6 | 14.5 | 14.8 | 15.9 | |
| – | −25.5 | – | – | – | |
| 91.1 | 108 | 53.3 | 74.7 | 80.2 | |
| 25.9% | 25.1% | 25.3% | 23.4% | 24.4% | |
| 67.5 | 81 | 39.8 | 57.2 | 60.6 | |
| 3.88 | 4.65 | 2.28 | 3.29 | 3.48 |
Profit & loss
- Sales CAGR 3Y
- +14.0%
- Profit CAGR 3Y
- +14.0%
- EPS CAGR 3Y
- +14.0%
- ROE
- 17.1%
| ₹ Cr | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| 1,808 | 2,232 | 2,520 | 2,680 | |
| – | +23.4% | +12.9% | +6.3% | |
| 1,560 | 1,938 | 2,182 | 2,296 | |
| 248 | 294 | 338 | 384 | |
| 13.7% | 13.2% | 13.4% | 14.3% | |
| 47.2 | 40.9 | 49.5 | 62.9 | |
| 6.1 | 5.3 | 2.7 | 3 | |
| 45.3 | 49.7 | 54.3 | 58.3 | |
| 1 | 0.5 | 0.5 | −25.2 | |
| 245 | 280 | 331 | 360 | |
| 25.5% | 25.5% | 25.2% | 25.0% | |
| 183 | 209 | 247 | 270 | |
| – | +14.2% | +18.6% | +9.3% | |
| 10.50 | 11.99 | 14.22 | 15.54 |
Forecast
Balance sheet
| ₹ Cr | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| 34.8 | 34.8 | 34.8 | 34.8 | |
| 1,108 | 1,267 | 1,451 | 1,644 | |
| 2.9 | 3.2 | 3.4 | 5.2 | |
| 679 | 761 | 859 | 1,109 | |
| 1,825 | 2,066 | 2,348 | 2,793 | |
| 410 | 442 | 484 | 536 | |
| 61.8 | 44.1 | 64.4 | 93.2 | |
| 78.8 | 83.7 | 95.6 | 103 | |
| 158 | 180 | 275 | 273 | |
| 1,116 | 1,316 | 1,429 | 1,788 | |
| 1,825 | 2,066 | 2,348 | 2,793 |
Cash flow
| ₹ Cr | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| 38.2 | 141 | 187 | 92.6 | |
| −12.7 | 4.5 | −146 | 49.7 | |
| −50.6 | −58.5 | −64.8 | −72.1 | |
| −25.1 | 87.5 | −24.1 | 70.2 | |
| −107 | −93.3 | −101 | −93.5 | |
| −68.7 | 48.2 | 86.6 | −0.9 | |
| −43.5 | −52.2 | −60.9 | −69.6 |
Shareholding pattern
- Promoters69.80%
- Public30.20%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 69.80% | 30.20% | 0.00 | |
| 30 Jun 2026 | 69.80% | 30.20% | 0.00 | |
| 31 Mar 2026 | 69.80% | 30.20% | 0.00 | |
| 31 Dec 2025 | 69.80% | 30.20% | 0.00 | |
| 30 Sep 2025 | 69.80% | 30.20% | – |
Major shareholders
Filings & events
News
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