KSB Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹11,328 Cr
- P/E
- 43.24
- ROE
- 18.39%
- PEG
- 2.54
- Price to sales
- 4.15
- Debt to equity
- 0.00
- 52W high / low
- ₹1,000 / ₹651
- Sales growth (5Y)
- 17.41%
- EBITDA margin
- 12.72%
- Net profit margin
- 10.79%
- Promoter holding
- 69.80%
- Sales (last year)
- ₹2,726 Cr
KSB Ltd manufactures a range of standard Industrial end suction and high-pressure multistage pumps, submersible motor pumps and monoblock pumps and other value-added parts, for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil and gas sectors, as well as other industries.[1]
Guidance scorecard · Q1 FY27 call
What KSB Ltd's management guided
and where it ranks in Industrial Products
RevenueQ1 FY27 call
10–20%- KSB aims for double-digit growth in full-year sales/revenue despite challenges.
- Volume growth is expected in the range of 10% to 15%, with value growth around 15%.
- Achieving 20% topline growth is possible but would be inconsistent and not reliable.
- Energy sector, including thermal, nuclear, and renewable, is expected to lead growth.
- Infrastructure segments like water, wastewater, airports, metro, and railways also offer good growth opportunities.
- Export business faced geopolitical challenges in H1 2026 but is expected to recover in H2.
2 more points from KSB Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what KSB Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Current CapEx is a mix of sustenance (machine replacement/upgrades) and growth investments.
- Sustenance CapEx is ongoing to maintain operations.
- Growth investments focus on product development and expanding presence in sectors like nuclear energy.
- Annual CapEx plans range between INR 80 crores to INR 120 crores.
- Investments are also being made in employee facilities like upgraded offices and canteens to enhance employee engagement and working environment.
2 more points from KSB Ltd's call on capex
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FundraisingQ1 FY27 call
See what KSB Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Flat- As of August 19, 2026, KSB Limited reported a strong order book of INR 27,445 million.
- Export orders presently constitute about 15% of sales and order book, with a target to increase to 20%.
- Order intake for standard business is growing consistently, while project business has slowed but is expected to improve, led by projects like Dangote refineries and supercritical thermal.
- Delays in export orders have resulted in some inventory build-up, especially related to export clearances and solar projects.
2 more points from KSB Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Industrial Products companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹532 Cr | 21.2 | |
| 2 | 40%+ | Up 2%+ | ₹450 Cr | 13.2 | |
| 3 | 40%+ | Up 2%+ | ₹371 Cr | 26.1 | |
| 4 | 40%+ | Up 0–2% | ₹1,340 Cr | 32.9 | |
| 5 | 40%+ | Up 0–2% | ₹1,196 Cr | 14.1 | |
| 6 | 40%+ | Flat | ₹966 Cr | 25.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Industrial Products rankingFinancials of KSB Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of KSB Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 490 | 591 | 564 | 603 | 544 | 646 | 616 | 726 | 595 | 667 | 650 | 784 | 601 |
| Expenses + | 432 | 506 | 493 | 522 | 483 | 555 | 529 | 628 | 528 | 575 | 565 | 654 | 550 |
| Operating Profit | 57 | 85 | 70 | 81 | 61 | 91 | 88 | 98 | 68 | 91 | 85 | 130 | 51 |
| OPM % | 12% | 14% | 12% | 13% | 11% | 14% | 14% | 14% | 11% | 14% | 13% | 17% | 8% |
| Other Income + | 10 | 11 | 11 | 9 | 13 | 13 | 10 | 14 | 16 | 16 | 22 | -5 | 18 |
| Interest | 1 | 1 | 2 | 2 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 12 | 12 | 12 | 14 | 13 | 13 | 14 | 14 | 14 | 14 | 15 | 16 | 14 |
| Profit before tax | 55 | 83 | 67 | 75 | 60 | 90 | 83 | 98 | 69 | 92 | 91 | 108 | 53 |
| Tax % | 26% | 24% | 25% | 27% | 25% | 24% | 26% | 25% | 25% | 24% | 26% | 25% | 25% |
| Net Profit + | 41 | 63 | 50 | 55 | 45 | 68 | 62 | 73 | 52 | 70 | 68 | 81 | 40 |
| EPS in Rs | 2.35 | 3.61 | 2.88 | 3.16 | 2.56 | 3.91 | 3.55 | 4.20 | 2.96 | 4.05 | 3.88 | 4.65 | 2.29 |
Financials of KSB Ltd
Profit & Loss
Annual income statement trend
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 802 | 819 | 826 | 946 | 1,093 | 1,294 | 1,208 | 1,497 | 1,822 | 2,247 | 2,533 | 2,696 | 2,702 |
| Expenses + | 701 | 713 | 720 | 838 | 965 | 1,142 | 1,039 | 1,287 | 1,575 | 1,954 | 2,193 | 2,319 | 2,345 |
| Operating Profit | 101 | 106 | 106 | 108 | 128 | 152 | 169 | 210 | 247 | 294 | 340 | 377 | 357 |
| OPM % | 13% | 13% | 13% | 11% | 12% | 12% | 14% | 14% | 14% | 13% | 13% | 14% | 13% |
| Other Income + | 23 | 24 | 29 | 35 | 24 | 40 | 33 | 40 | 50 | 42 | 47 | 45 | 50 |
| Interest | 2 | 2 | 3 | 4 | 4 | 5 | 3 | 5 | 6 | 5 | 3 | 3 | 3 |
| Depreciation | 28 | 28 | 29 | 31 | 40 | 46 | 42 | 44 | 45 | 50 | 54 | 58 | 59 |
| Profit before tax | 94 | 100 | 103 | 108 | 109 | 140 | 157 | 201 | 245 | 280 | 331 | 360 | 345 |
| Tax % | 34% | 36% | 33% | 34% | 34% | 28% | 40% | 26% | 25% | 26% | 25% | 25% | |
| Net Profit + | 68 | 69 | 69 | 71 | 72 | 101 | 94 | 149 | 183 | 209 | 247 | 270 | 259 |
| EPS in Rs | 3.93 | 3.95 | 3.94 | 4.07 | 4.12 | 5.79 | 5.39 | 8.59 | 10.50 | 12.00 | 14.22 | 15.54 | 14.87 |
| Dividend Payout % | 28% | 28% | 28% | 29% | 29% | 28% | 32% | 29% | 29% | 29% | 28% | 28% |
Financials of KSB Ltd
Balance Sheet
Capital structure and asset base
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 | 35 |
| Reserves | 522 | 568 | 625 | 676 | 723 | 794 | 856 | 976 | 1,108 | 1,267 | 1,451 | 1,644 |
| Borrowings + | 24 | 1 | 7 | 13 | 43 | 60 | 62 | 3 | 3 | 3 | 3 | 5 |
| Other Liabilities + | 332 | 347 | 321 | 354 | 449 | 547 | 588 | 596 | 679 | 761 | 859 | 1,109 |
| Total Liabilities | 914 | 951 | 988 | 1,077 | 1,250 | 1,436 | 1,540 | 1,609 | 1,825 | 2,066 | 2,348 | 2,793 |
| Fixed Assets + | 191 | 194 | 219 | 308 | 321 | 307 | 318 | 311 | 350 | 419 | 438 | 462 |
| CWIP | 10 | 14 | 16 | 4 | 4 | 34 | 25 | 39 | 25 | 32 | 55 | 92 |
| Investments | 50 | 51 | 54 | 58 | 60 | 64 | 66 | 70 | 74 | 80 | 88 | 97 |
| Other Assets + | 663 | 691 | 699 | 707 | 865 | 1,030 | 1,130 | 1,190 | 1,375 | 1,535 | 1,767 | 2,143 |
| Total Assets | 914 | 951 | 988 | 1,077 | 1,250 | 1,436 | 1,540 | 1,609 | 1,825 | 2,066 | 2,348 | 2,793 |
Financials of KSB Ltd
Cash Flows
Operating, investing and financing cash movement
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 112 | 58 | -25 | 77 | 202 | 171 | 62 | 38 | 142 | 187 | 93 | |
| Cash from Investing Activity + | -33 | -61 | 39 | -86 | -152 | -101 | 2 | -12 | 5 | -146 | 50 | |
| Cash from Financing Activity + | -48 | -23 | -21 | 2 | -4 | -32 | -95 | -51 | -59 | -65 | -72 | |
| Net Cash Flow | 31 | -26 | -7 | -6 | 46 | 39 | -30 | -25 | 88 | -24 | 71 | |
| Free Cash Flow | 76 | -21 | -107 | 36 | 157 | 122 | 25 | -67 | 49 | 88 | -0 | |
| CFO/OP | 133% | 93% | 18% | 92% | 157% | 126% | 66% | 40% | 72% | 75% | 53% |
Financials of KSB Ltd
Ratios
Working capital efficiency and return ratios
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 82 | 80 | 72 | 98 | 97 | 84 | 81 | 68 | 81 | 80 | 94 | 118 |
| Inventory Days | 193 | 171 | 200 | 193 | 196 | 170 | 212 | 195 | 207 | 184 | 165 | 197 |
| Days Payable | 147 | 145 | 142 | 139 | 141 | 127 | 155 | 129 | 116 | 98 | 95 | 111 |
| Cash Conversion Cycle | 127 | 106 | 130 | 153 | 152 | 127 | 138 | 134 | 172 | 165 | 163 | 204 |
| Working Capital Days | 45 | 40 | 57 | 83 | 71 | 37 | 26 | 54 | 76 | 77 | 83 | 104 |
| ROCE % | 17% | 17% | 17% | 16% | 15% | 16% | 18% | 21% | 23% | 23% | 24% | 25% |
Guidance history
How KSB Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | — | Flat |
| Q3 FY26 call → | 20–40% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
11 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −18.2% | 40% |
| Last 6 months | −33.5% | 7% |
| Last 3 months | −23.9% | 13% |
The price is 35% below its all-time high of ₹1,001.15 (26 Jul 2024). Stocks more than 20% below their peak have their score halved, so 21 became 11.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For KSB Ltd: 0.4 × 40 + 0.4 × 7 + 0.2 × 13 = 21, halved to 11 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What KSB Ltd's management said in earlier quarters
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