KSB Ltd - Stock Valuation and Financial Performance

BSE: 500249 | NSE: KSB | Compressors / Pumps | Small Cap

KSB Share Price

4,601.55 15.25 0.33%
as on 10-Jun'24 16:01

DeciZen - make an informed investing decision on KSB

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

KSB stock performance -

mw4me loader
P/E Ratio (SA):
76.86
Market Cap:
15,963.9 Cr.
52-wk low:
2,014.7
52-wk high:
5,185

Is KSB Ltd an attractive stock to invest in?

1. Is KSB Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that KSB Ltd is a average quality company.

2. Is KSB Ltd undervalued or overvalued?

The key valuation ratios of KSB Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is KSB Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of KSB Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of KSB:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KSB Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
ROCE % 14%13.4%11.5%10.6%10.9%11.2%11.2%15.5%17%17.4%-
Value Creation
Index
NANA-0.2-0.3-0.2-0.2-0.20.10.30.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8028198259441,0931,2941,2081,4971,8222,2472,302
Sales YoY Gr.-2.1%0.7%14.5%15.8%18.4%-6.6%23.9%21.7%23.3%-
Adj EPS 19.720.518.71921.624.727.340.648.957.559.7
YoY Gr.-4.1%-8.5%1.2%14%14.3%10.5%48.7%20.3%17.7%-
BVPS (₹) 145.3158.9176.9190.3204.9224.3243.2277314358.5370.9
Adj Net
Profit
68.571.365.26675.28695.1141170200208
Cash Flow from Ops. 34.511156.8-25.877.620217162.538.2142-
Debt/CF from Ops. 0.700.1-0.50.60.30.4000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.1%15.5%23%23.3%
Adj EPS 12.7%21.6%28.2%17.7%
BVPS10.6%11.8%13.8%14.2%
Share Price 23.9% 45.1% 65.7% 113.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23TTM
Return on
Equity %
14.113.511.210.310.911.511.715.616.517.116.4
Op. Profit
Mgn %
131312.811.51211.81414.113.613.112.9
Net Profit
Mgn %
8.58.77.976.96.77.99.49.38.99
Debt to
Equity
0.10000.10.10.1000-
Working Cap
Days
186193195206222196215184191188109
Cash Conv.
Cycle
696971891048590809410354

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.98%

Net Profit is growing at healthy rate in last 3 years 28.17%

Sales growth is good in last 4 quarters at 22.15%

Return on Equity has declined versus last 3 years average to 16.40%

Latest Financials - KSB Ltd.

Standalone Consolidated
TTM EPS (₹) 59.7 61
TTM Sales (₹ Cr.) 2,302 2,302
BVPS (₹.) 370.9 386.2
Reserves (₹ Cr.) 1,256 1,310
P/BV 12.37 11.87
PE 76.86 75.16
From the Market
52 Week Low / High (₹) 2014.65 / 5185.00
All Time Low / High (₹) 18.75 / 5185.00
Market Cap (₹ Cr.) 15,964
Equity (₹ Cr.) 34.8
Face Value (₹) 10
Industry PE 56.9

Management X-Ray of KSB:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of KSB

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Sales8028198259441,0931,2941,2081,4971,8222,247
Operating Expenses 7027157198379651,1421,0401,2881,5751,954
Manufacturing Costs9397103120137145115164207235
Material Costs3823873874665656986217929881,278
Employee Cost 127125136145154177186215244270
Other Costs 10010593107109122118117136172
Operating Profit 99104105108128152168209247294
Operating Profit Margin (%) 12.4%12.7%12.8%11.4%11.7%11.7%13.9%14.0%13.5%13.1%
Other Income 28312632272432364536
Interest 2234453565
Depreciation 28282931404642444550
Exceptional Items 00000130000
Profit Before Tax 9710599105112138155197241275
Tax 32363437384058516170
Profit After Tax 65706568749897147179205
PAT Margin (%) 8.2%8.5%7.9%7.2%6.8%7.6%8.1%9.8%9.8%9.1%
Adjusted EPS (₹)18.820.118.819.521.328.128.042.151.558.8
Dividend Payout Ratio (%)29%27%29%31%28%28%30%30%29%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23

Equity and Liabilities

Shareholders Fund 5065536166637137818469641,0931,248
Share Capital 35353535353535353535
Reserves 4715185816286787468129291,0581,213
Minority Interest0000000000
Debt241713436060000
Long Term Debt0000000000
Short Term Debt241713436060000
Trade Payables154155151178218242263279314343
Others Liabilities 168179155159215293310297349401
Total Liabilities 8528889281,0121,1891,3761,4791,5411,7571,992

Fixed Assets

Gross Block422446498611657684723741822924
Accumulated Depreciation231252280303336377405431471505
Net Fixed Assets191194219308321307318311350419
CWIP 101416443425392532
Investments 6666666666
Inventories202183212248303325361423561643
Trade Receivables178177162255291296267278404492
Cash Equivalents 17222519786138290403355261275
Others Assets938911510512611798129150126
Total Assets 8528889281,0121,1891,3761,4791,5411,7571,992

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Cash Flow From Operating Activity 3411157-26782021716238142
PBT 9710599105112138155197241275
Adjustment 511014202030292029
Changes in Working Capital -3833-13-99-138028-87-162-93
Tax Paid -30-28-40-45-41-35-41-76-60-70
Cash Flow From Investing Activity -18-33-6038-86-152-1013-135
Capex -39-36-80-82-42-46-50-38-105-92
Net Investments 00000-115-75196974
Others 21320120-44923222423
Cash Flow From Financing Activity 1-47-23-213-4-32-95-51-59
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -2-2-3-4-4-5-3-5-6-5
Dividend Paid -16-19-19-19-21-21-28-30-44-52
Others 19-26-122722-1-61-1-1
Net Cash Flow 1831-26-8-64639-30-2588
PARTICULARSDec'14Dec'15Dec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23
Ratios
ROE (%)13.513.1911.1810.5910.7613.111.9616.1917.4317.48
ROCE (%)19.9219.7717.3516.6816.1217.8918.1221.632423.94
Asset Turnover Ratio1.0710.9710.991.060.871.021.121.23
PAT to CFO Conversion(x)0.521.590.88-0.381.052.061.760.420.210.69
Working Capital Days
Receivable Days65747079917983656771
Inventory Days838182879284101939795
Payable Days13514514412912812014912511094

KSB Ltd Stock News

KSB Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KSB on 10-Jun-2024 16:01 is ₹4,601.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Jun-2024 16:01 the market cap of KSB stood at ₹15,963.9.
The latest P/E ratio of KSB as of 10-Jun-2024 16:01 is 76.86.
The latest P/B ratio of KSB as of 10-Jun-2024 16:01 is 12.37.
The 52-week high of KSB is ₹5,185 and the 52-week low is ₹2,014.7.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KSB is ₹2,302 ( Cr.) .

About KSB Ltd

KSB founded in the year 1960, is headquartered in Pune in the state of Maharashtra. It specializes in Centrifugal End Suction Pumps, High Pressure Multistage Pumps, Industrial Gate, Globe, Check Valves, Submersible Motor Pumps, monobloc & mini monobloc pumps, Hydro pneumatic Systems and control valves. To server better and offer wide range of products as well as design services, KSB has 3 companies in India - KSB, KSB Tech and MIL Controls. KSB has been growing continuously since it was founded in 1960. Today the KSB in India is a leading international manufacturer of pumps, valves, systems and control valves. Also has a presence across the country with its own sales and marketing companies, manufacturing facilities and service operations.

To cater to the needs of the new and emerging India, it has invested in world class facilities and technologies to cater to the demands centrifugal pumps and industrial valves across the Indian sub-continent. Its world class facilities in India are fully equipped to advise customers, design, test, fabricate and quality-assure on all aspects of fluid mechanics in India. All its plants in Pimpri, Chinchwad, Khandala, Vambori, Coimbatore and Sinnar are a showcase of immaculate manufacturing and engineering practices. Apart from the six manufacturing units, KSB in India has a very strong Marketing, Sales and Service setup to offer solutions to its customers effectively.

Business area of the company

The company is one of the world’s leading manufacturers of pumps and industrial valves. It is the brand with the greatest technical expertise in pumps and valves.

Milestones

  • 1960: KSB in India established. 
  • 1960: Submersible motor pumpsets.
  • 1964: High pressure multistage pumps WK/WL
  • 1968: End suction process pumps CPK.
  • 1970: Non-clog pumps for sewage and solid handling.
  • 1974: Inception of Foundry division at Vambori
  • 1976: Vertical in-line pumps for condensate extraction WKT.
  • 1978: Inception of Power Projects Division at Chinchwad.
  • 1978: High pressure multistage boiler feed pumps HDB.
  • 1980: Primary coolant pumps for nuclear power stations.
  • 1984: Manufacturing of Submersible pumps for sewage KRTU.
  • 1987: Inception of Valves division at Coimbatore.
  • 1988: Verticle high pressure modular pumps MOVI.
  • 1989: High pressure multistage pumps HG.
  • 1990: Barrel casing pumps CHT.
  • 1990: Pressure seal GGC valves.
  • 1991: Barrel casing pumps for refinery applications CHTR.
  • 1992: End suction stock pumps APP.
  • 1993: Centrifugal back pullout pumps Mega.
  • 1993: New series of gate type industrial valves.
  • 1994: Inception of Water Pumps Division at Sinnar.
  • 1999: High Pressure Multistage pump MULTITEC.
  • 2005: Sewage Submersible motor Pumps - KRT E (62kW).
  • 2006: Openwell monobloc pumpset - MONOSUB R.
  • 2006: Higher range of condensate extraction pumps - WKTB.
  • 2007: Mini monobloc series - HYDROBLOC.
  • 2008: Submersible re-windable 100 mm motor - UMA I.
  • 2008: Sewage Submersible pumps- Jacket Cooled - KRT K.
  • 2008: Centrifugal monobloc pumpsets - CENTRIBLOC.
  • 2009: Openwell monobloc pumpset - MONOSUB RE.
  • 2010: Water pressure boosting systems - moviBOOST.
  • 2011: Openwell vertical submersible pumps - MONOSUB RV.
  • 2011: Self priming Centrifugal jet pumps - CENTRIJET.
  • 2012: Mini booster systems - moviBOOST M.
  • 2012: New generation end suction process pumps - MegaCPK.
  • 2014: End Suction process pumps - Etanorm& HPK-L.
  • 2017: Magnetic drive pumps - Magnochem.
  • 2017: Inception of Energy Pumps Division at Shirwal (Khandala).
  • 2018: End Suction Centrifugal Semi-Open Impeller Pump-CPK SO.
  • 2018: Introduction of Amarex IN.
  • 2019: Multi State Multi Outlet (MSMO) Pump - WK/WKS.
  • 2019: Water Pressure Boosting System: moviBOOST Dual.
  • 2019: Indigenous Ama Porter Pump.
  • 2019: Submersible Pump - CORA 2HH.
  • 2019: 3-Phase Monobloc Pump - Ultra.
  • 2019: Vertical Open-well Submersible Pumps Series.
  • 2019: Slurry Recirculation Pump - KWP for FGD Application.
  • 2020: KSB Motors.
  • 2020: Slurry Recirculation Pump (Smaller sizes) - KWP for Industrial Application.
  • 2020: Horizontal Axially Splitcase Pump - Gamma.
  • 2020: Submersible Bore well Pump - 5 inch and 9 inch.
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