On 6 Nov 2026, KSH International was priced at ₹1,004.75, or 51.1× trailing earnings, against an industry P/E of 30.0×, and the shares are 16% below their 52-week high. Sales and net profit grew 44% and 61% a year over 3 years, with ROCE of 22% and ROE of 20%. Debt is 0.40× equity. It is a small-cap company with a market cap of ₹6,811 Cr, ranked 24th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 183% over the past year.
- ₹1,020.00
- ₹1,062.75
- ₹983.55
- ₹1,079.15
- 5.4 L
Health check
- ReturnsAhead
+183.0% over a year, better than 7 of 7 peers.
- Price tagPricier
P/E 51.1 vs industry 30.0.
- GrowthStrong
Sales +44.2%, profit +60.5% a year over 3 years.
- ProfitabilityStrong
ROCE 22.2% vs peer median 22.1%.
- Balance sheetFair
Debt 0.40× equity, interest covered 4.6×.
- Red flags1 to check
P/E of 51.1 against an industry P/E of 30.0.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6,811 Cr
- Small cap
- P/E
- 51.1
- Industry 30.0
- Price to book
- 8.42
- Peers 7.24
- Dividend yield
- 0.00%
- ROE
- 19.9%
- Peers 18.0%
- ROCE
- 22.2%
- Peers 22.1%
- Debt to equity
- 0.40
- Debt ₹321 Cr
- EPS (TTM)
- ₹19.67
- Face value ₹5
- OPM (TTM)
- 6.1%
- Net margin 3.5%
- Sales growth
- +108.4%
- Latest quarter vs a year ago
- Profit growth
- +86.1%
- Latest quarter vs a year ago
- Price to sales
- 1.83
- EV/EBITDA 30.9
Strengths and risks
Strengths
- Return on equity of 19.9%.
- Return on capital employed of 22.2%.
- Quarterly profit up 86.1% on a year ago.
- Quarterly sales up 108.4% on a year ago.
Risks to check
- P/E of 51.1 against an industry P/E of 30.0.
About KSH International
KSH International Limited manufactures magnet winding wires in India. The company offers round enamelled, paper insulated rectangular, rectangular enamelled, and wrapped rectangular copper/aluminum magnet winding wires, as well as transposed conductors and bunched paper insulated copper magnet winding wires under the brand name of KSH. Its products are components of transformers, motors, alternators, hermetic motors, and generators for use in industries,…
- Headquarters
- Pune
- Employees
- 226
- Sector
- Industrials
- ISIN
- INE987S01020
- Website
- kshinternational.com
Price range
- Avg volume (3M)
- 3.6 L
- 1-year return
- plus 183.0%
- From 52-week high
- minus 16.1%
Peers · Electrical Equipment & Parts
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| POWERINDIAHitachi Energy India | 27,800.00 | minus 1.42% | 1,23,911 | 107.7 | 95.3 | 24.9% | 16.1% | 0.02 | 22.2% | plus 37.9% |
| CGPOWERCG Power and Industrial Solutions | 773.00 | minus 4.43% | 1,21,785 | 88.6 | 72.5 | 19.3% | 13.1% | 0.02 | 21.2% | plus 8.2% |
| POLYCABPolycab India | 7,871.00 | plus 0.28% | 1,18,613 | 37.5 | 29.0 | 30.4% | 13.6% | 0.02 | 26.6% | plus 3.8% |
| HAVELLSHavells India | 1,128.00 | plus 5.61% | 70,789 | 42.6 | 30.0 | 22.1% | 9.1% | 0.02 | 9.9% | minus 28.1% |
| APARINDSApar Industries | 14,106.00 | minus 9.65% | 59,065 | 41.6 | 30.7 | 26.7% | 9.5% | 0.12 | 17.0% | plus 87.2% |
| KEIKEI Industries | 3,988.00 | minus 1.80% | 38,143 | 36.1 | 29.9 | 18.7% | 11.0% | 0.04 | 19.1% | plus 1.8% |
| HONAUTHoneywell Automation India | 30,080.00 | minus 0.79% | 26,613 | 47.0 | 35.7 | 15.7% | 13.8% | 0.02 | 10.9% | minus 17.5% |
| KSHINTLKSH International | 1,004.75 | minus 6.89% | 6,811 | 51.1 | – | – | 6.1% | 0.40 | – | plus 183.0% |
| Median of 7 peers | – | −1.42% | 70,789 | 42.6 | 30.7 | 22.1% | 13.1% | 0.02 | 19.1% | 3.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 559 | 712 | 818 | 1,018 | 1,164 | |
| 518 | 666 | 768 | 962 | 1,090 | |
| 40.3 | 46.1 | 49.4 | 56.4 | 74.4 | |
| 7.2% | 6.5% | 6.0% | 5.5% | 6.4% | |
| 3.9 | 3.6 | 4.7 | 9.2 | 8.2 | |
| 7.3 | 9.3 | 14.2 | 13.2 | 17.3 | |
| 3.3 | 3.9 | 7 | 7.7 | 8.4 | |
| – | – | −1.6 | 0 | – | |
| 33.5 | 36.5 | 31.2 | 44.7 | 56.9 | |
| 32.4% | 19.0% | 25.2% | 22.7% | 25.8% | |
| 22.7 | 29.6 | 23.3 | 34.5 | 42.2 | |
| 3.35 | 4.37 | 3.99 | 5.09 | 6.22 |
Profit & loss
- Sales CAGR 3Y
- +44.2%
- Profit CAGR 3Y
- +60.5%
- EPS CAGR 3Y
- +67.2%
- ROE
- 19.9%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 968 | 1,283 | 1,805 | 2,904 | |
| – | +32.6% | +40.7% | +60.8% | |
| 916 | 1,211 | 1,681 | 2,710 | |
| 51.2 | 72 | 125 | 194 | |
| 5.3% | 5.6% | 6.9% | 6.7% | |
| 5.5 | 5.3 | 6.3 | 17.3 | |
| 13 | 16.9 | 26.6 | 41.9 | |
| 8.2 | 11 | 14 | 21.9 | |
| 0.1 | 1.2 | – | −1.6 | |
| 35.5 | 50.6 | 90.4 | 146 | |
| 25.0% | 26.2% | 24.8% | 24.5% | |
| 26.6 | 37.4 | 68 | 110 | |
| – | +40.3% | +82.0% | +62.0% | |
| 3.93 | 5.51 | 10.03 | 18.37 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 5.7 | 5.7 | 28.4 | 33.9 | |
| 188 | 225 | 270 | 774 | |
| 129 | 214 | 366 | 321 | |
| 36.3 | 37.6 | 79.9 | 193 | |
| 359 | 483 | 745 | 1,323 | |
| 119 | 152 | 265 | 420 | |
| 13.4 | 13.2 | 133 | 108 | |
| – | – | – | 5.9 | |
| 4.2 | 15.6 | 11 | 84.5 | |
| 222 | 302 | 335 | 705 | |
| 359 | 483 | 745 | 1,323 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 62.1 | −17.2 | −9.5 | −65 | |
| −20 | −38.8 | −118 | −179 | |
| −40.6 | 67.4 | 123 | 306 | |
| 1.5 | 11.4 | −5.2 | 61.7 | |
| −22.2 | −45.2 | −120 | −163 | |
| 39.9 | −62.5 | −130 | −228 |
Shareholding pattern
- Promoters74.58%
- Public25.42%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.58% | 25.42% | 0.00 | |
| 30 Jun 2026 | 74.58% | 25.42% | 0.00 | |
| 31 Mar 2026 | 74.58% | 25.42% | 0.00 | |
| 31 Dec 2025 | 74.58% | 25.42% | 0.00 | |
| 22 Dec 2025 | 74.58% | 25.42% | – |
Major shareholders
Filings & events
News
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