KSB Ltd
KSB Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
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The short version
Targeting minimum double-digit growth in topline annually, with potential to exceed this, driven by new segments like firefighting, mining, mechanical seals, water and wastewater projects. The management targets a minimum double-digit top-line growth, with optimism for better than double-digit growth due to expansion into new segments like firefighting, mining, mechanical seals, and water projects.
From KSB Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Targeting minimum double-digit growth in topline annually, with potential to exceed this, driven by new segments like firefighting, mining, mechanical seals, water and wastewater projects.
- Solar business expected to grow ~50% year-on-year, expanding pan-India with new state entries.
- SupremeServ service business aims to grow from current 15-20% revenue mix towards 25-30%+, driven by increased engineered pump supplies.
- Valves division has grown at ~21-22% CAGR over last 5 years, expected to maintain growth via expanded product basket and entry into new markets (e.g., oil & gas).
- Nuclear business orders are progressing with expected execution by 2026-2027, contributing to growth.
2 more points from KSB Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Steady increase in investment in KSB Limited: from ₹80 crores earlier to ₹130 crores currently, with better share of group investment budgets (Page 44).
- Commissioning of two capacity expansions by March 2026:
- 14,000 sq. meter expansion at Shirwal plant.
- Fourth or fifth shed at Sinnar plant (Page 38).
- Continuous evaluation of capacity, including debottlenecking efforts to extract more capacity before deciding on further land acquisition and expansion (Page 38).
- Investment in technology and capacity enhancements, e.g. laser technology for valve manufacturing, imported grinding machines for valve seating, and adoption of smart, latest technology (Page 14).
2 more points from KSB Ltd's call on capex
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The order book is strong, with growth reported at around 22% in the last 9 months (Page 24, 42).
- Significant portions of the order book relate to nuclear projects like Gorakhpur, Kudankulam, Kaiga, with some delays in execution expected this year (Pages 24, 42, 46).
- Delivery schedules for nuclear pumps: GHAPV orders extended to 2026 and 2027; Kaiga expected to start after GHAPV completion (Page 42).
- Solar business order book estimated around ₹250 crores, with sales revenue expected to match or exceed this (Page 24).
- Non-nuclear business order intake is growing at a CAGR of 16% year-on-year, indicating a healthy order pipeline excluding nuclear (Page 5).
2 more points from KSB Ltd's call on order book
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KSB Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹601 Cr, net profit ₹40 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What KSB Ltd's management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
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on management's own guidance
- Strong growth2
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were KSB Ltd Q2 FY26 results?
Targeting minimum double-digit growth in topline annually, with potential to exceed this, driven by new segments like firefighting, mining, mechanical seals, water and wastewater projects. The management targets a minimum double-digit top-line growth, with optimism for better than double-digit growth due to expansion into new segments like firefighting, mining, mechanical seals, and water projects.
What is KSB Ltd share price analysis?
KSB Ltd currently shows a neutral. The stock trades at a P/E of 51.8 with a market cap of ₹13,570 Cr. Investors should review the full earnings analysis for detailed insights.
Is KSB Ltd planning capital expenditure?
Steady increase in investment in KSB Limited: from ₹80 crores earlier to ₹130 crores currently, with better share of group investment budgets (Page 44). - Commissioning of two capacity expansions by March 2026: - 14,000 sq.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.