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Last Updated on: 13 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500249 | NSE: KSB

Fundamental Analysis of KSB Ltd

About the Company - KSB Ltd

KSB Ltd. is a Public Limited Listed company incorporated on 11/04/1960 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L29120MH1960PLC011635 and registration number is 011635. Currently Company is involved in the business activities of Manufacture of general purpose machinery. Company’s Total Operating Revenue is Rs. 1497.29 Cr. and Equity Capital is Rs. 34.81 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
PumpsOffice No. 601, Runwal R-Square, Mumbai Maharashtra 400080compsec.india@ksb.com
http://www.ksbindia.co.in
Management
NamePosition Held
Mr. Gaurav SwarupChairman & Non-Exe.Director
Mr. Rajeev JainManaging Director
Dr. Stephan BrossNon Executive Director
Dr. Matthias SchmitzNon Executive Director
Mr. Dara N DamaniaInd. Non-Executive Director
Mr. Pradip ShahInd. Non-Executive Director
Mr. V K ViswanathanInd. Non-Executive Director
Ms. Sharmila Barua RoychowdhuryInd. Non-Executive Director

Basic Stock Data of KSB Ltd

Last Updated: June 12, 2024, 2:08 pm

Market Cap 16,355 Cr.
Current Price 4,698
High / Low5,190/2,013
Stock P/E77.0
Book Value 374
Dividend Yield0.34 %
ROCE23.3 %
ROE17.1 %
Face Value 10.0
PEG Ratio4.91

Competitors of KSB Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shakti Pumps (India) Ltd 5,194 Cr. 2,5922,965/56336.7 3770.08 %31.4 %24.2 % 10.0
Latteys Industries Ltd 85.7 Cr. 14.945.6/13.053.9 3.210.00 %%9.00 % 2.00
Industry Average2,639.85 Cr1,303.4545.30190.110.04%15.70%16.60%6.00

KSB Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales370382303368445418448431525490591564603
Expenses295320264316388363387377448432506493522
Operating Profit75623952565561547757857081
OPM %20%16%13%14%13%13%14%13%15%12%14%12%13%
Other Income59101110111512111011119
Interest1111211121122
Depreciation12111111111011121212121214
Profit before tax68593751545564537355836775
Tax %53%26%27%23%27%26%26%27%24%26%24%25%27%
Net Profit32442739394047395641635055
EPS in Rs9.1912.617.8111.1811.3211.6113.6211.2016.0611.7518.0414.3915.77

Last Updated: June 7, 2024, 8:29 am

KSB Ltd Quarterly Chart

KSB Ltd Profit & Loss

Last Updated: June 1, 2024, 11:55 pm

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Sales7147318028198269461,0931,2941,2081,4971,8222,247
Expenses6216297017137208389651,1421,0391,2871,5751,954
Operating Profit93102101106106108128152169210247294
OPM %13%14%13%13%13%11%12%12%14%14%14%13%
Other Income141223242935244033405042
Interest532234453565
Depreciation242728282931404642444550
Profit before tax798694100103108109140157201245280
Tax %30%33%34%36%33%34%34%28%40%26%25%26%
Net Profit6467686969717210194149183209
EPS in Rs18.2719.1819.6619.7519.6920.3720.5728.9426.9442.9252.5059.96
Dividend Payout %30%29%28%28%28%29%29%28%32%29%29%29%

KSB Ltd Profit & Loss Yearly Chart

Unable to calculate Year-wise YoY Net Profit Growth.

KSB Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:16%
3 Years:23%
TTM:22%
Compounded Profit Growth
10 Years:12%
5 Years:24%
3 Years:30%
TTM:16%
Stock Price CAGR
10 Years:25%
5 Years:46%
3 Years:67%
1 Year:127%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:17%
Last Year:17%

Last Updated: May 31, 2024, 5:41 am

KSB Ltd Balance Sheet

Last Updated: June 1, 2024, 11:55 pm

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Equity Capital353535353535353535353535
Reserves4334775225686256767237948569761,1081,267
Borrowings173241713436062333
Other Liabilities269284332347321354449547588596679761
Total Liabilities7547999149519881,0771,2501,4361,5401,6091,8252,066
Fixed Assets158181191194219308321307318311350420
CWIP278101416443425392531
Investments434850515458606466707480
Other Assets5265616636916997078651,0301,1301,1901,3751,535
Total Assets7547999149519881,0771,2501,4361,5401,6091,8252,066

KSB Ltd Reserves and Borrowings Chart

KSB Ltd Cash Flow

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Cash from Operating Activity -3012610511258-25772021716238
Cash from Investing Activity -13-39-11-33-6139-86-152-1012-12
Cash from Financing Activity 26-68-39-48-23-212-4-32-95-51
Net Cash Flow-17205631-26-7-64639-30-25

KSB Ltd Free Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Free Cash Flow76.0099.0077.00105.0099.0095.0085.0092.00107.00207.00244.00291.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

KSB Ltd Free Cash Flow Chart

KSB Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days756382807298978481688180
Inventory Days197194193171200193196170212195207184
Days Payable11413814714514213914112715512911698
Cash Conversion Cycle158120127106130153152127138134172165
Working Capital Days634156406088855444547677
ROCE %17%18%17%17%17%16%15%16%18%21%23%23%

KSB Ltd Financial Efficiency Indicators Chart

KSB Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%
FIIs2.55%2.82%2.90%2.45%2.91%3.17%3.23%3.48%3.43%3.51%4.50%5.22%
DIIs11.54%11.63%11.12%10.97%10.93%10.77%10.85%10.41%10.30%10.88%10.13%10.03%
Public19.21%18.86%19.29%19.89%19.47%19.36%19.21%19.42%19.59%18.92%18.69%18.07%
No. of Shareholders22,60022,03820,34421,34921,42825,71527,19432,79935,74439,87345,74747,455

KSB Ltd Shareholding Pattern Chart

No. of KSB Ltd Shareholders

KSB Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India ELSS Tax Saver Fund715,0001.84260.85411,1182024-06-1173.92%
Tata Small Cap Fund411,1182.45149.99411,1182024-06-110%
Sundaram Small Cap Fund248,5702.9690.68411,1182024-06-11-39.54%
Sundaram Multi Cap Fund189,7832.8969.24411,1182024-06-11-53.84%
Motilal Oswal ELSS Tax Saver Fund169,0472.0461.67411,1182024-06-11-58.88%
Tata Infrastructure Fund - Regular Plan112,0002.440.86411,1182024-06-11-72.76%
WhiteOak Capital Flexi Cap Fund89,1381.0932.52411,1182024-06-11-78.32%
Bank of India Small Cap Fund65,1292.6123.76411,1182024-06-11-84.16%
ITI Small Cap Fund62,2931.0922.73411,1182024-06-11-84.85%
Sundaram Infrastructure Advantage Fund57,0002.4620.8411,1182024-06-11-86.14%

KSB Ltd ROCE Trend

KSB Ltd EPS Trend

KSB Ltd Key Financial Ratios

MonthDec 23Dec 22Dec 21Dec 20Dec 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)59.9752.5042.9226.9428.94
Diluted EPS (Rs.)59.9752.5042.9226.9428.94
Cash EPS (Rs.)71.5563.2653.5837.4240.52
Book Value[Excl.RevalReserv]/Share (Rs.)374.11328.41290.40255.87238.07
Book Value[Incl.RevalReserv]/Share (Rs.)374.11328.41290.40255.87238.07
Revenue From Operations / Share (Rs.)645.75523.43430.16347.08371.73
PBDIT / Share (Rs.)93.6582.9869.8656.5449.81
PBIT / Share (Rs.)79.3769.9757.3544.5436.67
PBT / Share (Rs.)77.8468.2255.9043.5738.81
Net Profit / Share (Rs.)57.2750.2541.0725.4227.38
NP After MI And SOA / Share (Rs.)59.9752.5042.9226.9428.94
PBDIT Margin (%)14.5015.8516.2416.2913.39
PBIT Margin (%)12.2913.3613.3312.839.86
PBT Margin (%)12.0513.0312.9912.5510.43
Net Profit Margin (%)8.869.609.547.327.36
NP After MI And SOA Margin (%)9.2810.029.977.767.78
Return on Networth / Equity (%)16.0315.9814.7710.5312.15
Return on Capital Employeed (%)20.4720.4718.7516.5414.65
Return On Assets (%)10.1010.019.286.087.01
Total Debt / Equity (X)0.000.000.000.060.07
Asset Turnover Ratio (%)1.161.080.960.820.98
Current Ratio (X)2.072.012.061.811.75
Quick Ratio (X)1.181.121.281.211.17
Inventory Turnover Ratio (X)1.781.821.841.611.92
Dividend Payout Ratio (NP) (%)0.0023.8019.8029.6920.73
Dividend Payout Ratio (CP) (%)0.0019.0815.3320.5414.26
Earning Retention Ratio (%)0.0076.2080.2070.3179.27
Cash Earning Retention Ratio (%)0.0080.9284.6779.4685.74
Interest Coverage Ratio (X)61.4947.1548.2557.9932.64
Interest Coverage Ratio (Post Tax) (X)38.6029.5529.3727.0716.55
Enterprise Value (Cr.)11780.746480.953876.031908.032119.50
EV / Net Operating Revenue (X)5.243.562.591.581.64
EV / EBITDA (X)36.1522.4415.949.6912.23
MarketCap / Net Operating Revenue (X)5.363.702.831.861.82
Retention Ratios (%)0.0076.1980.1970.3079.26
Price / BV (X)9.265.904.192.532.84
Price / Net Operating Revenue (X)5.363.702.831.861.82
EarningsYield0.010.020.030.040.04

KSB Ltd Profitability Ratios (%)

KSB Ltd Liquidity Ratios

KSB Ltd Liquidity Ratios (%)

KSB Ltd Interest Coverage Ratios (%)

KSB Ltd Valuation Ratios

Fair Value

Fair Value: 4,941.20

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 5.18% compared to the current price 4698

Intrinsic Value: 5,716.17

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 21.67% compared to the current price ₹4698

Last 5 Year EPS CAGR: 15.68%

*Investments are subject to market risks

Strength and Weakness of KSB Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.17%, which is a positive sign.
  2. The company has higher reserves (752.08 cr) compared to borrowings (19.92 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (403.75 cr) and profit (141.83 cr) over the years.
  1. The stock has a high average Working Capital Days of 61.50, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 140.17, which may not be favorable.

Should I Buy KSB Ltd Share Now?

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in KSB Ltd:
    1. Net Profit Margin: 8.86%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 20.47% (Industry Average ROCE: 15.7%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 16.03% (Industry Average ROE: 16.6%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 38.60
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.18
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✗ Stock P/E: 77.0 (Industry average Stock P/E: 45.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.00
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of KSB Ltd?

The latest fair value of KSB Ltd is ₹4941.20.

What is the Market Cap of KSB Ltd?

The Market Cap of KSB Ltd is 16,355 Cr..

What is the current Stock Price of KSB Ltd as on 13 June 2024?

The current stock price of KSB Ltd as on 13 June 2024 is ₹4,698.

What is the High / Low of KSB Ltd stocks in FY 2024?

In FY 2024, the High / Low of KSB Ltd stocks is 5,190/2,013.

What is the Stock P/E of KSB Ltd?

The Stock P/E of KSB Ltd is 77.0.

What is the Book Value of KSB Ltd?

The Book Value of KSB Ltd is 374.

What is the Dividend Yield of KSB Ltd?

The Dividend Yield of KSB Ltd is 0.34 %.

What is the ROCE of KSB Ltd?

The ROCE of KSB Ltd is 23.3 %.

What is the ROE of KSB Ltd?

The ROE of KSB Ltd is 17.1 %.

What is the Face Value of KSB Ltd?

The Face Value of KSB Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in KSB Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE