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KSH International Ltd (KSHINTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544664 NSE: KSHINTL Electric Equipment | Small Cap | KSH International Share Price

₹1,087.95 64.40 (6.29%)

As on 04-Sep'26 16:59

KSH International Ltd (KSHINTL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544664 NSE: KSHINTL Electric Equipment | Small Cap | KSH International Share Price

₹1,087.95 64.40 (6.29%)

As on 04-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,371 Cr.
Current Price
₹1,088
52-Week Low / High
₹330 / 1,095
TTM EPS
₹19.1
TTM Sales
₹3,712 Cr.
Book Value per Share
₹125.2
P/E Ratio
56.85
Higher than its 5-year historical median
Industry PE
54.3
Price to Book (P/B)
8.69
Higher than its 5-year historical median
Price to Sales (P/S)
1.99
Higher than its 5-year historical median
EV/EBITDA
30.18
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
19.94%
Outperforms industry median
Return on Capital Employed (ROCE)
21.41%
Outperforms industry median
Return on Assets (ROA)
10.65%
Operating Profit Margin
6.2%
Net Profit Margin
3.54%
Gross Profit Margin
5.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
61.13%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
56.76%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
61.98%
Asset Quality
Promoter Holding
74.58%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹815 Cr.
Equity
₹33.9 Cr.
Face Value
₹5
All Time Low / High
₹330.15 / 1058.00

KSH International stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Overvalued

Price Trend

Strong
Q.1 Is KSH International Ltd a good quality company?
KSH International Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does KSH International Ltd performance compare with that of its Peers?
Q.1 Revenue growth of KSH International Ltd vs industry peers?
KSH International Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 13.01%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of KSH International Ltd?
Promoters hold 74.58% of the KSH International Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of KSH International Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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.
KSH International Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 16.1%16%18.3%21.7%21.4%-
Value Creation
Index
0.20.20.40.60.5-

Growth Parameters

Sales 8711,0491,3831,9283,1073,712
Sales YoY Gr.-20.6%31.8%39.5%61.1%-
Adj EPS 4.44.15.811.114.719.1
YoY Gr.--7.7%43.5%90.4%32.2%-
BVPS (₹) 29.434.140.752.5119125.2
Adj Net
Profit
25.123.133.263.299.6130
Cash Flow from Ops. -41.962.1-17.2-9.5-65-
Debt/CF from Ops. -3.51.9-12-38.1-4.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA43.6%61.1%
Adj EPS NANA53.4%32.2%
BVPSNANA51.7%126.5%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
1512.815.623.91815.7
Op. Profit
Mgn %
5.84.95.26.46.26.1
Net Profit
Mgn %
2.92.22.43.33.23.5
Debt to
Equity
0.90.60.91.20.4-
Working Cap
Days
08773778039
Cash Conv.
Cycle
06962646115

Valuation of KSH International - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Sales8711,0491,3831,9283,107
Operating Expenses + 8209981,3111,8052,914
Manufacturing Costs1822263649
Material Costs7609371,2321,7142,786
Employee Cost 2824344053
Other Costs 1416191525
Operating Profit 515172123193
Operating Profit Margin (%) 5.8%4.9%5.2%6.4%6.2%
Other Income + 6781021
Exceptional Items 0000-2
Interest 1015182945
Depreciation 68111422
Profit Before Tax 41355190146
Tax 139132236
Profit After Tax 28273768110
PAT Margin (%) 3.2%2.5%2.7%3.5%3.5%
Adjusted EPS (₹)4.94.76.612.016.3
Dividend Payout Ratio (%)0%0%0%0%0%
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 167194231299806
Share Capital 6662834
Reserves 161188225270772
Debt +146120207346307
Long Term Debt783411626
Short Term Debt139113172230281
Minority Interest00000
Trade Payables30201833124
Others Liabilities 3525266886
Total Liabilities 3783594837451,323

Fixed Assets

Net Fixed Assets +97107140133313
Gross Block154173215223424
Accumulated Depreciation57657690111
CWIP 119710852
Investments 00000
Inventories101109133211425
Trade Receivables131109159224333
Cash Equivalents 77181184
Others Assets 31172658116
Total Assets 3783594837451,323
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -4262-17-9-65
PBT 41355190146
Adjustment 1122284059
Changes in Working Capital -8413-83-119-239
Tax Paid -9-9-12-21-32
Cash Flow From Investing Activity + -20-20-39-118-179
Capex -8-18-38-120-163
Net Investments -4202-18
Others -8-3-101
Cash Flow From Financing Activity + 52-4167123306
Net Proceeds from Shares 0000397
Net Proceeds from Borrowing 012773-95
Interest Paid -8-12-16-27-44
Dividend Paid 00000
Others 59-29577747
Net Cash Flow -10111-562
PARTICULARSMar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.5114.7617.5925.6819.94
ROCE (%)16.115.9818.2821.7121.41
Asset Turnover Ratio2.32.853.293.143.01
PAT to CFO Conversion(x)-1.52.3-0.46-0.13-0.59
Working Capital Days
Receivable Days54.8041.8035.5036.2032.70
Inventory Days42.6036.703232.5037.30
Payable Days14.509.805.705.4010.20

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Announcements

KSH International Ltd FAQs

The current trading price of KSH International on 04-Sep-2026 16:59 is ₹1,088.

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 03-Sep-2026 the market cap of KSH International stood at ₹7,371.5 Cr

The latest P/E ratio of KSH International as of 03-Sep-2026 is 56.85.

The latest P/B ratio of KSH International as of 03-Sep-2026 is 8.69.

The 52-week high of KSH International is ₹1,094.9 and the 52-week low is ₹330.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KSH International is ₹3,712 ( Cr.) .

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

The key valuation ratios of KSH International Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

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

About KSH International Ltd

KSH International was originally incorporated as ‘Bhandary Metal Extrusion Private Limited’ on July 30, 1979. Subsequently, the name of the company was changed from ‘Bhandary Metal Extrusion Private Limited’ to ‘KSH International Private Limited’ pursuant to a resolution dated June 1, 1996 passed by the board and a resolution dated June 24, 1996 passed by the shareholders. On the conversion of the company from a private limited company to a public limited company, pursuant to a resolution passed by the board on December 11, 2024 and a special resolution passed by the shareholders on December 19, 2024, the name of the company was changed to ‘KSH International Limited’.

The company is one of the largest manufacturers of magnet winding wires in India in terms of production capacity. It is also one of the largest exporters of magnet winding wires from India in terms of export revenues. The company has diversified its operations to include manufacturing of various types of standard and specialized magnet winding wires which are tailored to customer specific requirements. Its products are critical components of capital goods such as transformers, motors, alternators and generators. These products (transformers, motors, alternators and generators) find application in end-use industries such as power (generation, transmission and distribution), renewables, industrials, railways, automotives (EV and ICE), home appliances, refrigeration and air conditioning.

It is an approved supplier of insulated rectangular wires and CTC for certain entities, used in High Voltage Direct Current (HVDC), 765 kV extra high voltage (EHV) transformers and reactors. The magnet winding wire industry presents significant barriers to entry, primarily due to stringent pre-qualification requirements imposed by corporate, state, central government, and international organizations during their procurement processes. Further, the company has a significant global footprint and exports its products to countries like USA, UAE, Kuwait, Romania, Saudi Arabia, Germany and many other.

Business area of the company 

The company is into manufacture of insulated copper & aluminium conductors. It is one of the largest manufacturers of magnet winding wires in India in terms of production capacity. Its products are critical components of capital goods such as transformers, motors, alternators and generators. It is also one of the largest exporters of magnet winding wires from India and has a significant global footprint.

Products and services of the company

Standard magnet winding wires 

  • Round enamelled copper magnet winding wires
  • Round enamelled aluminium magnet winding wires

Specialised magnet winding wires

  • Paper insulated rectangular copper magnet winding wires
  • Paper insulated rectangular aluminium magnet winding wires
  • Continuously transposed conductors
  • Rectangular enamelled copper magnet winding wires
  • Rectangular enamelled aluminium magnet winding wires
  • Bunched paper insulated magnet winding copper wires

Awards, accreditations and recognition 

  • 2017: Received certificate for ‘Best Vendor of CMM Group’ based on the performance for the past three years by Bharat Heavy Electricals Limited, Bhopal.
  • 2018: Certificate of appreciation awarded for outstanding support as strategic supplier partner to GE Power-Grid Solutions.
  • 2023: Received best supplier award for the financial year 2022-2023 by Toshiba Transmission and Distribution Systems (India) Private Limited.
  • 2023: Obtained ISO 14001:2015 certification for the manufacturing facilities Birdewadi, Chakan, Khed, Pune and Khalumbre, Khed, Pune.
  • 2023: Obtained ISO 45001:2018 certification for the manufacturing facilities Birdewadi, Chakan, Khed, Pune and Khalumbre, Khed, Pune.
  • 2023: Obtained ISO 9001:2015 certification for the manufacturing facilities.
  • 2024: Certificate of recognition felicitated by GE T&D India Limited at their Global Supplier Partner Conference.
  • 2024: Obtained certificate of registration from TUV SUD Management Service GmbH for manufacturing of bare and enamelled copper/ aluminium wires as per IATF 16949 for the manufacturing facilities Birdewadi, Chakan, Khed, Pune and Khalumbre, Khed, Pune.

History and milestones

  • 2006: Establishment of the manufacturing unit at Birdewadi, Chakan, Khed, Pune with a maximum capacity of 150 MT per month.
  • 2014: Exported goods over Rs 1,000 million.
  • 2019: Establishment of the manufacturing unit at Khalumbre, Khed, Pune with a maximum capacity of 400 MT per month.
  • 2022: Exported goods over Rs 3,000 million.
  • 2023: Crossed Rs 10,000 million in revenue from operations.
  • 2024: Secured a purchase order in the electric vehicles sector.
  • 2026: Commenced operations of phase-I of the Supa Facility.

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