Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Ksb Limited (KSB)
Micro CapIndustrials stocks · Micro cap · NSE
KSB Limited, established 1960, manufactures industrial, energy, water, and standard pumps, and valves. Operates 6 manufacturing plants, 6 service stations, and 350+ service centers across India, with a technology center and a control valve subsidiary.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result04 Aug, 08:33 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
34Bearishfull bear SMA stack · MACD −
Stock trend: 23
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KSBD candles · FIT view-22.3%Latest close ₹754.90 on 2026-10-19
Bar
-3.8%
RSI
39
MACD hist
-4.05
52W pos
24%
2026-10-19O ₹785.00H ₹787.00L ₹750.00C ₹754.90Vol 1.2L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KSBNifty India ManufacturingNifty 500
- KSB
- -16.8%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -11.2 pp
Chart stats
19 Oct 2026- From 52W high
- -26.6%
- 52W range position
- 24%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.30x
- Avg traded value
- ₹34 Cr
- 20D price channel
- ₹750 - ₹900
₹1,028.3
₹666.7 - ₹1,028.3
₹27.4
Latest completed session
20-session average
38.1% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE51
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +3.6% · PAT -18.6% YoY
Technical
Bearish34
Price trend and sector-relative-strength timing.
Valuation
Legacy model-36.1%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence84
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -19% YoY · margin compression · Rev +4% YoY · +15% QoQ
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹691 Cr | +3.6% | +15.0% |
| EBITDA | ₹82 Cr | -9.9% | +60.8% |
| Operating margin | 12.0% | -200 bps | +400 bps |
| PAT | ₹57 Cr | -18.6% | +42.5% |
| PAT margin | 8.3% | -224 bps | +159 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 51.70
- P/B
- 7.99
- EV/EBITDA
- 33.31
- Market Cap
- 13552.00Cr
Profitability
- ROE
- 18.40%
- ROCE
- 24.70%
- ROA
- 8.73%
- Dividend Y
- 0.57%
Growth (CAGR)
- Revenue 5Y
- 17.00%
- EPS 5Y
- 25.00%
- Revenue 3Y
- 14.00%
- EPS 3Y
- 17.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 86.75×
- Altman Z
- 8.42
- Book Value
- 97.50
Cash Flow
- FCF Yield
- 1.06%
- FCF Positive Y
- 9/5
- OCF
- 93.00 Cr
- EPS TTM
- 14.11
Shareholding
- Promoter Hold
- 69.80%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 31%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 691+15.0% vs prev
Net Profit
₹ CrLatest: 57.0+42.5% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 roughly flat — short-term momentum stalled.
- RSI(14) at 39 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 27% off 52W high · 13% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
43
RS percentile
Stage 1 Base / Transition
1M return
-7.2%
3M return
-16.8%
6M return
-24.2%
1Y return
-4.9%
RS 1D
-2
RS 20D
-5
Sector rank
#2
Industry rank
#19
Stage evidence
- Price is 11.3% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +0.7% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 96.23-2.17%
RS vs Nifty 50096
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 51 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth14/25
Quality14/20
Balance Sheet11/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
51
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
51/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 14/20 to the score.
Main drags
- Fair-value margin of safety is negative at -36.1%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Growth is weaker at 14/25; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
51.7
PB
8.0
EV/EBITDA
33.3
ROE
18.4%
ROCE
24.7%
FCF Yield
1.1%
Debt/Equity
0.0
MoS
-36.1%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
51
Previous: 51
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-36.1%
Previous: -36.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
51
51
51
51
51
51
51
51
51
51
51
51
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹175.94
-329.1% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹554.52
-36.1% MoS
PEG
2.37
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KIRLOSBROS
Micro
Kirloskar Brothers Limited
Industrial Machinery
match 90
47
33.6
17.3%
+7%
FAIR VALUE
WPIL
Small
WPIL Limited
Industrial Machinery
match 76
41
25.7
10.7%
+44%
WATCHLIST
INOXINDIA
Micro
INOX India Limited
Industrial Machinery
match 59
52
70.2
26.1%
-81%
FAIR VALUE
KIRLPNU
Micro
Kirloskar Pneumatic Company Limited
Industrial Machinery
match 58
59
32.2
22.6%
+23%
FAIR VALUE
KRN
Micro
KRN Heat Exchanger and Refrigeration Limited
Industrial Machinery
match 57
36
93.2
14.1%
-84%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-10T07:10:52.474Z
Management commentary snapshot
KSB reported robust financial growth for FY25, with revenue up 6.4%, EBITDA up 10.6%, and PBT up 9.5% YoY. Order intake and order on hand also showed healthy increases, driven by diverse segments and rising exports.
KSB's consistent financial performance, growing order book, and strategic focus on key growth drivers like Solar, Energy, Water, and Firefighting, coupled with increasing export share, suggest the investment thesis remains intact. ESG achievements are also notable.
Growth engines
Solar Business
Started in-house manufacturing of Solar Controllers and diversified supply chain for key components.
Conventional Energy
Won first supercritical power plant order, localized Boiler Recirculation Pump, and secured export order from KSB Inc USA.
Water/Wastewater
Launched new products (Sewatec, Vertical turbine pumps, K35, B Pump) and secured breakthrough municipal orders.
Firefighting
Etanorm FXM pumpset received FM/UL certification; orders secured from major commercial buildings (Airport, Metros, AIIMS).
Tailwinds
Increasing Export Share
Exports share of total Order Intake increased to 17% in 2025 from 12% in 2024, indicating growing international demand.
Risk radar
Competitive Pressures
Competitive pressures from other players in the pump and valve industry.
Regulatory Changes
Changes in government policies, environmental regulations, or industry standards.
Macroeconomic Trends
Broader economic slowdowns or geopolitical instability impacting industrial demand.
Currency Fluctuations
Adverse movements in foreign exchange rates affecting import costs or export revenues.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Financial data is presented annually (Year ended 31st December), making year-over-year comparison the only relevant basis for assessing performance trends.
Sector KPIs management disclosed
Revenue from sales
Revenue from sales increased to 26,957 MINR in 2025 from 25,331 MINR in 2024.
EBITDA
EBITDA grew to 3,873 MINR in 2025 from 3,503 MINR in 2024.
Profit Before Tax (PBT)
PBT rose to 3,526 MINR in 2025 from 3,220 MINR in 2024.
Average Order Intake / Month
Average Order Intake / Month increased to 2,493 MINR in 2025 from 2,027 MINR in 2024.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Order Intake / Month | 2,493 MINR (2025) | Sustained growth in average monthly order intake. |
| Total Orders on Hand | 25,848 MINR (Dec 2025) | Order book stability and timely execution. |
| Exports (% of Total OI) | 17% (2025) | Continued increase in export contribution to total order intake. |
| Green Energy Generation | 65% (2025) | Further progress towards higher green energy adoption. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
84Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 97th percentile of the scored universe and 97th percentile within Industrials. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
68 docs text-extracted · 22 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
97th percentile
overall median 67 · Industrials: 97th pctile, median 68 · Micro: 95th pctile, median 73
Evidence depth
Financial-only
68 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
67
acceptable · quarterly consistency
Trust positives
- ▸Promoter holding is 69.8%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1%.
- ▸9 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Ksb Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 21 Aug - Intimation of schedule of Non-Deal Roadshow scheduled to be held on 26th and 27th August, 2026
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 14 Aug - KSB Ltd reports resignation of senior manager Philip Varghese Puthenpurackal, effective close of business on 14 August 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 Aug
Source: Bse
Announcement
Announcement Under Regulation 30 Of SEBI (LODR) - Capacity Expansion - Construction Of Additional Shed At Shirwal Plant 6 Aug - KSB expands Shirwal plant with new shed; 20% capacity addition by 2027, costing ₹400 million.
Source: Bse
AnnouncementQ4 2026
Q4 2026 · Rectification In Covering Letter Of The Outcome Of Board Meeting 30 Apr - KSB approved Q4 FY26 unaudited results, noted PwC resignation, and proposed BSR & Co. LLP as auditor.
Source: Bse
Investor presentationMar 2026
Mar 2026 · PPT
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.