Any current/future capex/capital investment/strategic investment?

KSB Limited has made investments in foundry and product development, particularly to support new product lines like vertical pumps for mining. There is a focus on increasing installed base and exports, expecting year-on-year business growth from these investments. They have started in-house manufacturing of solar controllers to become more competitive and technically advanced in the solar segment. Implementation of S/4HANA ERP system is underway to improve internal efficiencies and on-time deliveries, especially important for export growth. Plans to expand capacity and readiness to mee

Future growth expectations in sales/revenue/volumes?

Solar business revenue expected to grow by 20%-25% in CY 2026, targeting over ₹300 crores from ₹245 crores in CY 2025 and ₹189 crores in CY 2024. (Page 25, 9) Pump segment (ex-nuclear) aims for 15%-20% growth in CY 2026 based on order book execution. (Page 12) Nuclear business revenue expected to pick up significantly from CY 2026 onwards, with projects extending through to 2028 and potential continuity beyond. (Page 11) Export business currently at 17%, aiming for 25% to 30% in next few years, though timeline is cautious due to delivery and quality improvements needed. (Pages 14-15) Order boo

Future growth expectations in earnings/operating earnings/profits/EPS?

KSB aims to maintain a healthy EBITDA margin of around 13%-14% while focusing on top-line growth. Nuclear business revenue expected to grow significantly from ₹30-50 Cr in 2025, with major order execution and testing in 2026 onward. Pump segment (ex-nuclear) growth targeted at 15%-20% in CY 2026 based on strong order book. Solar business expecting at least 20%-25% growth, targeting ₹300 Cr+ revenue in 2026, driven by ongoing KUSUM 2.0 scheme. Export business expected to grow to about 25% of revenue, potentially reaching 30% in good years over the next few years. New segments like Sup

Current/ Expected Orderbook/ Pending Orders?

As of December 2025, KSB Limited's total order book stands at ₹2,584.8 crores. Order book bifurcation: ₹1,303.2 crores excluding nuclear; nuclear orders constitute ₹1,281.6 crores. Majority of the order book comprises project business, including reactor coolant pumps (RCPs), auxiliary pumps in the primary cycle, and aftermarket spares (₹30-50 crores/year). The current order book has grown ~30% from ₹960 crores in CY 2024. The project order execution is expected over the next 3 years, especially nuclear projects from NPCIL and Kudankulam. Vertical pump for mining has an order book of ₹15-20 cro

IN US

Sale is live|00:00:00left today

KSB LtdQ4 FY27Industrial Products

KSB Ltd Q4 FY27 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹835P/E: 61.9Market Cap: ₹17.0K CrSector: Industrial Products

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

N/A

Order

Yes

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

→Solar business revenue expected to grow by 20%-25% in CY 2026, targeting over ₹300 crores from ₹245 crores in CY 2025 and ₹189 crores in CY 2024. (Page 25, 9)
→Pump segment (ex-nuclear) aims for 15%-20% growth in CY 2026 based on order book execution. (Page 12)
→Nuclear business revenue expected to pick up significantly from CY 2026 onwards, with projects extending through to 2028 and potential continuity beyond. (Page 11)
→Export business currently at 17%, aiming for 25% to 30% in next few years, though timeline is cautious due to delivery and quality improvements needed. (Pages 14-15)
→Order book growth observed (~30% from CY 2024 to CY 2025) suggests healthy future revenue ramp-up in project businesses. (Page 11)
→Energy (thermal power plants, nuclear), infrastructure (water, wastewater, river linking), and building segments are key growth drivers. (Page 6)

Margin guidance

Category 3

→KSB aims to maintain a healthy EBITDA margin of around 13%-14% while focusing on top-line growth.
→Nuclear business revenue expected to grow significantly from ₹30-50 Cr in 2025, with major order execution and testing in 2026 onward.
→Pump segment (ex-nuclear) growth targeted at 15%-20% in CY 2026 based on strong order book.
→Solar business expecting at least 20%-25% growth, targeting ₹300 Cr+ revenue in 2026, driven by ongoing KUSUM 2.0 scheme.
→Export business expected to grow to about 25% of revenue, potentially reaching 30% in good years over the next few years.
→New segments like SupremeServ, solar, and aftermarket services will drive majority of growth.
→Growth is driven by energy (thermal and nuclear), infrastructure (water treatment, river linking), and building services sectors.
→Overall, the company aims for steady profitable growth without compromising EBITDA margins.

3 more insights locked — sign up free to unlock

Fundraise plans

The provided document (pages 1-30) does not mention any current or future plans for fundraising through debt or equity by KSB Limited. Key points related to financials and business updates include: - Emphasis on maintaining healthy EBITDA margins around 13-14% while focusing on top-line growth. - Order book and business growth highlighted without reference to new capital raising. - Discussions focus on operational growth, exports, market segments, product developments, and government projects. - No explicit statements about upcoming debt issuance, equity offerings, or capital raising plans. - Financial position mentioned as robust with net financial position ending at ₹283 Cr as of December 2025. Hence, no information on debt or equity fundraising is disclosed in the institutional investor meeting transcript available.

Order book

Yes

→As of December 2025, KSB Limited's total order book stands at ₹2,584.8 crores.
→Order book bifurcation: ₹1,303.2 crores excluding nuclear; nuclear orders constitute ₹1,281.6 crores.
→Majority of the order book comprises project business, including reactor coolant pumps (RCPs), auxiliary pumps in the primary cycle, and aftermarket spares (₹30-50 crores/year).
→The current order book has grown ~30% from ₹960 crores in CY 2024.
→The project order execution is expected over the next 3 years, especially nuclear projects from NPCIL and Kudankulam.
→Vertical pump for mining has an order book of ₹15-20 crores, expected to grow year-on-year.
→Solar business is growing with revenues planned to cross ₹300 crores in CY 2026, partly dependent on government schemes.
→Some export orders initiated from markets like Australia and Indonesia.
→Payment delays in Maharashtra affecting working capital, but being addressed.

Capex plans

Yes

→KSB Limited has made investments in foundry and product development, particularly to support new product lines like vertical pumps for mining.
→There is a focus on increasing installed base and exports, expecting year-on-year business growth from these investments.
→They have started in-house manufacturing of solar controllers to become more competitive and technically advanced in the solar segment.
→Implementation of S/4HANA ERP system is underway to improve internal efficiencies and on-time deliveries, especially important for export growth.
→Plans to expand capacity and readiness to meet growing demands in thermal power plants, nuclear projects, and infrastructure sectors.
→Continued need to invest in engineered business segments to maintain competitiveness despite price pressures, to support future aftermarket business.
→There is no explicit mention of a major new large-scale capex but strategic investments in product development, manufacturing capabilities, and digital systems are ongoing.

How does KSB Ltd rank vs peers in Industrial Products?

Pro feature

1KSB Ltd

Rev 2Mar 3

See full Industrial Products sector rankings

Want more stocks like KSB Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio