Minerva Capital Research Solutions

KSB

NSE: KSBBSE: 500249
Compare with peers
₹ 651.00▼ 8 (−1.21%)28 Oct, 03:29 pm IST
Market cap
₹ 11,866 Cr.
P/E
45.3x
P/B
7.3x
52-week range
654.9 – 1,028.3
ROE
18%
ROCE
25%
Dividend yield
0.6%
Debt / equity
0
Sector
Industrial Products
Industry
Compressors, Pumps & Diesel Engines
Listed on
NSE, BSE

About

KSB Limited is an India-based company engaged in the manufacturing of different types of power-driven pumps and industrial valves. It operates in two segments: Pumps and Valves. The Pumps segment includes the manufacturing and trading of all types of pumps, such as industrial pumps, submersible pumps, effluent treatment pumps, and related spares and services. The Valves segment encompasses the manufacturing and trading of industrial valves, along with spares and services related to them. The Company offers products across multiple categories, including pumps, valves, systems, valve actuators, valve automation, and pump automation. It serves a range of industries, such as chemical production, building services, energy technology, mining, dredging, oil and gas technology, wastewater technology, and others. It has an investment in its subsidiary, Pofran Sales and Agency Limited. The Company operates six manufacturing plants, five of which are located in Maharashtra, and one in Tamil Nadu.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Compressors, Pumps & Diesel Engines: 16 companies →

KSB against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)45.3 against a typical 35: pricier than most peers (1st = cheapest).12th of 15
  • Sales growth+3.6% against a typical +14.8% from a year earlier.13th of 15
  • Profit growth−18.6% against a typical +18.6% from a year earlier.11th of 15
  • Share price, 3 months−21.8% against a typical −14.8%.10th of 14
  • Size₹ 11,865.9 Cr. market value against a typical ₹ 7,433.3 Cr. (1st = largest).6th of 13

Latest announcements

Exchange filings and their impact on the company.

  • 16 Oct 2026Awarding of order(s)/contract(s)Low impactPositivePrice −3.2% on 19 Oct
    KSB won Rs 85 cr ONGC pump replacement order for execution by FY29.

    KSB Limited received a letter of award from Oil and Natural Gas Corporation (ONGC) for replacement of 7 main injection pumps. The order is valued at approx Rs 85 crore (850 MINR) for domestic execution by FY2029 with payment after supply and installation. It highlights KSB's pump replacement expertise and expands its footprint in the Oil & Gas industry, but is small at ~3% of annual revenue with phased execution.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA+ by ICRA
AA+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
ICRA[ICRA]AA+ /[ICRA]A1+Stable9 Sep 2025
Credit rating actions
RatingDetails
9 Sep 2025
Reaffirmed
[ICRA]AA+ /[ICRA]A1+—ICRA₹ 2,500 Cr.

Board meetings

Results dates and other board meetings. Full calendar

Details
3 Nov 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
4 Aug 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
30 Apr 2026Financial ResultsTo consider and approve the financial results for the period ended March 31, 2026
25 Feb 2026Financial Results/DividendTo consider and approve the financial results for the period ended December 31, 2025 and to consider the recommendation of final dividend for financial year 2025
11 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
7 Aug 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
30 Apr 2025Financial ResultsTo consider and approve the financial results for the period ended March 31, 2025

Share price

1Y change −18.59%
0 of 1 filing day came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales564603544646616726595667650784601691
Expenses493522483555529628528575565654550609
Operating Profit7081619188986891851305182
OPM %12%13%11%14%14%14%11%14%13%17%8%12%
Other Income11913131014161622−5189
Interest221110111111
Depreciation121413131414141415161415
Profit before tax6775609083986992911085375
Tax %25%27%25%24%26%25%25%24%26%25%25%23%
Net Profit505545686273527068814057
EPS in Rs2.883.162.563.913.554.22.964.053.884.652.293.29

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
13%
5 Years
17%
3 Years
14%
TTM
5%
Compounded Profit Growth
10 Years
16%
5 Years
25%
3 Years
17%
TTM
2%
Stock Price CAGR
10 Years
20%
5 Years
28%
3 Years
15%
TTM
—
Return on Equity
10 Years
15%
5 Years
17%
3 Years
18%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
69.8%
0 pts in a year
FIIs
4.1%
−0.58 pts in a year
DIIs
11.78%
+0.38 pts in a year
Government
0.01%
0 pts in a year
Public
14.32%
+0.19 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 45.3xEPS (12 months) ₹ 15.06Median P/E 31.6x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
KSB₹ 651.00₹ 11,866 Cr.45.3x7.3x18%—
Bharat Heavy Electricals₹ 387.00₹ 1,34,756 Cr.92.4x5.6x—6.8%
Suzlon Energy₹ 37.40₹ 51,409 Cr.22.8x7.5x40.6%19%
Thermax₹ 3,095.60₹ 36,999 Cr.73.4x10x13.7%6.7%
Voltas₹ 950.00₹ 31,434 Cr.112.5x7x5.8%3.5%
AIA Engineering₹ 3,588.70₹ 33,490 Cr.34.1x5.4x17%28.7%

Management

Mahesh G. Bhave
Chief Financial Officer
Shraddha Sham Kavathekar
Compliance Officer, Company Secretary
Rajeev Jayantiprasad Jain
Managing Director, Executive Director

Prices are delayed and for information only. Nothing on this page is investment advice.