KSB Limited is a prominent player in the pump and valve industry, established in 1960 and headquartered in Pune, Maharashtra. The company was formerly known as 'KSB Pumps Limited' and subsequently came to its present name 'KSB Limited' on April 25, 2018. KSB has 6 manufacturing plants in India located at Pune, Ahmednagar, Chinchwad, Nashik, Khandala, and Coimbatore, positioning itself as a key player with a robust presence in both domestic and international markets.
KSB Limited serves diverse sectors such as energy, water, wastewater, construction, and general industries. The company manufactures a range of standard Industrial end suction and high-pressure multistage pumps, submersible motor pumps and monoblock pumps and other value-added parts, for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil and gas sectors.
The company operates through three main business segments that cater to different market needs: Pumps, Valves, and KSB SupremeServ. The Pumps segment is engaged in manufacturing/trading of all types of pumps, which includes industrial pumps, submersible pumps, effluent treatment pumps and spares and services. The Valves segment is engaged in manufacturing and trading of industrial valves and spares and services. The KSB SupremeServ segment is engaged in covering all service and spare parts activities.
The company specializes in centrifugal end suction pumps, high pressure multistage pumps, industrial gate, globe, check valves, submersible motor pumps, monobloc and mini monobloc pumps, hydro pneumatic systems, and control valves. The company has a capacity of 105000 Tonnes (Power Driven Pump), 170000 Tonnes (Industrial Values), 6800 Tonnes (Carbon Steel Alloy Steel) and 200 Tonnes (Alloy Iron Castings and Non Ferrous Castings).
Revenue: ₹595.40 Crore as on March 2025 (Q1 2025). Net Profit: ₹51.60 Crore as on March 2025 (Q1 2025). Net profit of KSB rose 15.70% to ₹51.60 Crore in the quarter ended March 2025, as against ₹44.60 Crore during the previous quarter ended March 2024. Sales rose 9.41% to ₹595.40 Crore in the quarter ended March 2025, as against ₹544.20 Crore during the previous quarter ended March 2024.
On a full-year basis, the company's consolidated net profit rose 18.59% to ₹247.5 Crore on a 12.72% increase in revenue from operations to ₹2,533.1 Crore in CY24 over CY23. The company's revenue from pumps was at ₹602.2 Crore (up 18.47% YoY), while that from valves was ₹125.2 Crore (up 31.65% YoY) during the period under review.
- Market Cap: ₹14,695 Crore
- The current PE ratio of KSB Ltd (KSB) is 53.11.
- The current PB ratio of KSB Ltd (KSB) is 9.10.
- The current dividend yield of KSB Ltd (KSB) is 0.46.
- Company is almost debt-free.
- Company has delivered good profit growth of 22.0% CAGR over the last 5 years.
The company's board has recommended a final dividend of ₹4 per share for the financial year ended on December 31, 2024. The record date for the dividend will be May 2, 2025. The company has a strong dividend history, having declared ₹17.5 in June 2024, and recently executed a stock split, reducing the face value from ₹10 to ₹2.
KSB Limited has secured several significant orders that demonstrate its strong market position and growth prospects. KSB awarded INR 25.34 Crore order for 1161 solar water pumps under PM-Kusum Scheme starting Q2 FY2025. KSB receives major boiler feed pump order from L&T for NTPC's 4000 MW supercritical power plants.
The company's involvement in renewable energy projects is expanding, with KSB Ltd having received a letter of award under the PM-Kusum Scheme for ₹25.34 Crore to supply 1161 solar water pumping systems, with expected sales starting from Q2 FY2025. These orders reflect the company's diversification into sustainable energy solutions and its strong order book visibility.
Promoter holding in KSB Ltd has remained stable at 69.80% as of March 2025 (unchanged from June 2024). The stable promoter holding indicates strong management confidence and commitment to the company's long-term growth.
The company has won the award for Leading HR Practices in Learning and Human Capital Development in 2010 and in 2011, it allotted 17,040,392 bonus shares. KSB holds ISO 14001: 2004 and ISO 9001: 2008 certification and has two subsidiaries: Pofran Sales and Agency Ltd, and MIL Controls Ltd. It has also opened a Mechanical Seal Repair Centre of KSB Asia West at KSB PPD Chinchwad in 2021.
KSB Ltd is recommended as a 'Long' investment due to its strong market position, expected sales growth, and high-margin opportunities. However, key risks include potential delays in nuclear and thermal projects. KSB Ltd target price ₹900.67, a slight upside of 15.97% compared to current price of ₹776.65 as per analyst recommendations.
The company's strategic focus on infrastructure development, renewable energy projects, and its established presence in critical sectors like power generation and water management positions it well for future growth opportunities in India's expanding industrial landscape.
