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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

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

KSB Ltd. Share Price Update

Share PriceValue
Today₹4,003.00
Previous Day₹3,931.20

Basic Stock Data of KSB Ltd

Market Cap 14,211 Cr.
Current Price 4,082
High / Low4,100/1,817
Stock P/E67.8
Book Value 343
Dividend Yield0.37 %
ROCE23.2 %
ROE16.9 %
Face Value 10.0

Data Source: screener.in

KSB Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales362370382303368445418448431525490591564
Expenses301295320264316388363387377448432506493
Operating Profit61756239525655615477578570
OPM %17%20%16%13%14%13%13%14%13%15%12%14%12%
Other Income85910111011151211101111
Interest1111121112112
Depreciation10121111111110111212121212
Profit before tax58685937515455645373558367
Tax %26%53%26%27%23%27%26%26%27%24%26%24%25%
Net Profit43324427393940473956416350
EPS in Rs12.279.1912.617.8111.1811.3211.6113.6211.2016.0611.7518.0414.39

KSB Ltd Quarterly Chart

KSB Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022TTM
Sales7437147318028198269461,0931,2941,2081,4971,8222,169
Expenses6686216297017137208389651,1421,0391,2871,5751,880
Operating Profit7593102101106106108128152169210247290
OPM %10%13%14%13%13%13%11%12%12%14%14%14%13%
Other Income10141223242935244033405043
Interest3532234453566
Depreciation22242728282931404642444548
Profit before tax60798694100103108109140157201245279
Tax %34%30%33%34%36%33%34%34%28%40%26%25%
Net Profit496467686969717210194149183210
EPS in Rs14.0618.2719.1819.6619.7519.6920.3720.5728.9426.9442.9252.5060.24
Dividend Payout %28%30%29%28%28%28%29%29%28%32%29%29%

KSB Ltd Profit & Loss Yearly Chart

KSB Ltd Growth

Compounded Sales Growth
10 Years:10%
5 Years:14%
3 Years:12%
TTM:25%
Compounded Profit Growth
10 Years:11%
5 Years:21%
3 Years:26%
TTM:26%
Stock Price CAGR
10 Years:32%
5 Years:43%
3 Years:81%
1 Year:112%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:15%
Last Year:17%

KSB Ltd Balance Sheet

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Jun 2023
Equity Capital35353535353535353535353535
Reserves3914334775225686256767237948569761,1081,159
Borrowings63173241713436062333
Other Liabilities257269284332347321354449547588596679772
Total Liabilities7467547999149519881,0771,2501,4361,5401,6091,8251,969
Fixed Assets153158181191194219308321307318311350366
CWIP7278101416443425392543
Investments38434850515458606466707474
Other Assets5485265616636916997078651,0301,1301,1901,3751,486
Total Assets7467547999149519881,0771,2501,4361,5401,6091,8251,969

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 Financial Efficiency Indicators

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Debtor Days907563828072989784816881
Inventory Days181197194193171200193196170212195207
Days Payable119114138147145142139141127155129116
Cash Conversion Cycle153158120127106130153152127138134172
Working Capital Days876341564060888554445476
ROCE %14%17%18%17%17%17%16%15%16%18%21%23%

KSB Ltd Financial Efficiency Indicators Chart

KSB Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters66.41%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%66.69%
FIIs3.35%2.68%2.55%2.82%2.90%2.45%2.91%3.17%3.23%3.48%3.43%3.51%
DIIs11.64%11.69%11.54%11.63%11.12%10.97%10.93%10.77%10.85%10.41%10.30%10.88%
Public18.61%18.93%19.21%18.86%19.29%19.89%19.47%19.36%19.21%19.42%19.59%18.92%
No. of Shareholders18,38117,84822,60022,03820,34421,34921,42825,71527,19432,79935,74439,873

KSB Ltd Shareholding Pattern Chart

No. of KSB Ltd Shareholders

KSB Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Nippon India Tax Saver Fund8876812.21271.77
Sundaram Small Cap Fund2612943.0580
Sundaram Multi Cap Fund2074833.1163.52
Motilal Oswal ELSS Tax Saver Fund1556471.947.65
Tata Infrastructure Fund - Regular Plan1120002.634.29
Quant Small Cap Fund1043340.3431.94
WhiteOak Capital Flexi Cap Fund810631.0524.82
Bank of India Small Cap Fund675002.8620.67
ITI Small Cap Fund622931.1619.07
Sundaram Infrastructure Advantage Fund600002.5918.37

KSB Ltd ROCE Trend

KSB Ltd EPS Trend

KSB Ltd Key Financial Ratios

MonthDec 22Dec 21Dec 20Dec 19Dec 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)52.5042.9226.9428.9420.57
Diluted EPS (Rs.)52.5042.9226.9428.9420.57
Cash EPS (Rs.)63.2653.5837.4240.5230.73
Book Value[Excl.RevalReserv]/Share (Rs.)328.41290.40255.87238.07217.70
Book Value[Incl.RevalReserv]/Share (Rs.)328.41290.40255.87238.07217.70
Revenue From Operations / Share (Rs.)523.43430.16347.08371.73314.03
PBDIT / Share (Rs.)82.9869.8656.5449.8142.62
PBIT / Share (Rs.)69.9757.3544.5436.6731.23
PBT / Share (Rs.)68.2255.9043.5738.8130.15
Net Profit / Share (Rs.)50.2541.0725.4227.3819.33
NP After MI And SOA / Share (Rs.)52.5042.9226.9428.9420.57
PBDIT Margin (%)15.8516.2416.2913.3913.57
PBIT Margin (%)13.3613.3312.839.869.94
PBT Margin (%)13.0312.9912.5510.439.60
Net Profit Margin (%)9.609.547.327.366.15
NP After MI And SOA Margin (%)10.029.977.767.786.55
Return on Networth / Equity (%)15.9814.7710.5312.159.44
Return on Capital Employeed (%)20.4718.7516.5414.6513.68
Return On Assets (%)10.019.286.087.015.72
Total Debt / Equity (X)0.000.000.060.070.05
Asset Turnover Ratio (%)1.080.960.820.980.95
Current Ratio (X)2.012.061.811.751.77
Quick Ratio (X)1.121.281.211.171.10
Inventory Turnover Ratio (X)1.821.841.611.921.89
Dividend Payout Ratio (NP) (%)23.8019.8029.6920.7329.16
Dividend Payout Ratio (CP) (%)19.0815.3320.5414.2618.76
Earning Retention Ratio (%)76.2080.2070.3179.2770.84
Cash Earning Retention Ratio (%)80.9284.6779.4685.7481.24
Interest Coverage Ratio (X)47.1548.2557.9932.6439.53
Interest Coverage Ratio (Post Tax) (X)29.5529.3727.0716.5518.93
Enterprise Value (Cr.)6480.953876.031908.032119.502617.15
EV / Net Operating Revenue (X)3.562.591.581.642.39
EV / EBITDA (X)22.4415.949.6912.2317.64
MarketCap / Net Operating Revenue (X)3.702.831.861.822.48
Retention Ratios (%)76.1980.1970.3079.2670.83
Price / BV (X)5.904.192.532.843.58
Price / Net Operating Revenue (X)3.702.831.861.822.48
EarningsYield0.020.030.040.040.02

KSB Ltd Profitability Ratios (%)

KSB Ltd Liquidity Ratios

KSB Ltd Liquidity Ratios (%)

KSB Ltd Interest Coverage Ratios (%)

KSB Ltd Valuation Ratios

Fair Value of KSB Ltd Stock

Fair Value: ₹3944.70

The stock is overvalued by 3.36% compared to the current price ₹4082

*Investments are subject to market risks

Strength and Weakness of KSB Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.42%, which is a positive sign.
  2. The company has higher reserves (716.00 cr) compared to borrowings (23.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (429.85 cr) and profit (135.46 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 47.95 and average Dividend Yield of 11.86%.
  2. The stock has a high average Working Capital Days of 62.33, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 139.17, which may not be favorable.

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