KSH International Q1 FY27 Share Price & Earnings Call Analysis

₹924.20-2.24% today
Market cap
₹6,263 Cr
P/E
47.87
ROE
20.13%
PEG
0.78
Price to sales
1.67
Debt to equity
0.40
52W high / low
₹1,177 / ₹332
Sales growth (5Y)
45.90%
EBITDA margin
6.09%
Net profit margin
3.58%
Promoter holding
74.58%
Sales (last year)
₹3,713 Cr

Incorporated in 1979, KSH International Limited is the third-largest manufacturer and the largest exporter of magnet winding wires in India.[1]

Guidance scorecard · Q1 FY27 call

What KSH International Ltd's management guided
and where it ranks in Industrial Products

#46of 100 in
Industrial Products

RevenueQ1 FY27 call

20–40%
  • Volume growth of approximately 26% was achieved over the trailing 12 months and is expected to be sustained throughout FY27 due to full-year availability of Phase 1 capacity.
  • Expansion at Supa plant with Phase 2 completion targeted by March 2027 aims to increase capacity from 43,445 tons towards 59,000 tons with potential for future additions.
  • Increasing contribution from specialized winding wires, especially CTC products, is expected to support sustained or improved EBITDA per ton.
  • Standard wire volumes are also growing robustly (30% YoY in Q1 FY27), driven by EVs, AC compressors, motors, and alternators markets.
  • Export revenues are planned to be increased, aiming to return to around 40% of total revenue from the current ~27%.

2 more points from KSH International Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what KSH International Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Phase two capacity expansion at Supa: Total project cost INR150-160 crores, largely incurred and expected to be operational by FY27 year-end.
  • Additional capex for FY27 expected to be more than INR50 crores as part of phase two CWIP.
  • Board authorized evaluation to acquire additional 10 acres in Supa MIDC for long-term expansion beyond current 59,000 MT capacity.
  • Existing Supa plant has potential to add 10,000-12,000 MT capacity without extra land.
  • No immediate plan for expansion beyond phase two, focus remains on utilization of 59,000 MT installed capacity.

2 more points from KSH International Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what KSH International Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The company operates on a make-to-order basis, primarily supplying OEMs through value addition contracts.
  • Contracts typically involve commitments of quantities (e.g., 2000 to 2400 tons) with purchase orders released monthly in staggered manner.
  • Customers generally have order books spanning 3 to 5 years, indicating strong visibility and demand.
  • The business expects to maintain a steady pipeline with long-term agreements like the framework agreement with Hitachi in progress.

2 more points from KSH International Ltd's call on the order book

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Full Q1 FY27 analysis

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

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3

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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

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹532 Cr21.2
240%+Up 2%+₹450 Cr13.2
340%+Up 2%+₹371 Cr26.1
440%+Up 0–2%₹1,340 Cr32.9
540%+Up 0–2%₹1,196 Cr14.1
640%+Flat₹966 Cr25.0

Sign up free to see every company in the sector ranking and track KSH International Ltd.

Pro shows every company guiding 40%+ revenue growth →Full Industrial Products ranking

Financials of KSH International Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

KSH International Ltd

Shareholding breakup across reporting periods.

Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +74.58%74.58%74.58%74.58%
FIIs +3.72%5.05%5.71%6.60%
DIIs +13.09%13.89%10.87%7.74%
Public +8.61%6.47%8.84%11.08%
No. of Shareholders80,84934,25643,07553,636

Financials of KSH International Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +4725165085597128181,0181,164
Expenses +4464764735186667689621,090
Operating Profit2640354046495674
OPM %6%8%7%7%6%6%6%6%
Other Income +24244398
Interest77879141317
Depreciation45334788
Profit before tax1733263437314557
Tax %25%22%29%32%19%25%23%26%
Net Profit +1326182330233542
EPS in Rs2.274.513.253.995.213.445.106.23

Financials of KSH International Ltd

Profit & Loss

Annual income statement trend

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4708711,0491,3831,9283,1073,712
Expenses +4458209981,3111,8052,9143,486
Operating Profit25515172123193226
OPM %5%6%4.9%5%6%6%6%
Other Income +6578102024
Interest7101518294554
Depreciation66811142227
Profit before tax1840355190146169
Tax %20%27%25%26%25%25%
Net Profit +1529273768110130
EPS in Rs2.555.134.676.5511.9716.2519.98
Dividend Payout %0%0%0%0%0%0%

Financials of KSH International Ltd

Balance Sheet

Capital structure and asset base

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital66662834
Reserves136165188225270774
Borrowings +86146129214366321
Other Liabilities +4752363880193
Total Liabilities2743693594837451,323
Fixed Assets +8788107140133313
CWIP1119710852
Investments000000
Other Assets +186270242336504958
Total Assets2743693594837451,323

Financials of KSH International Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5-4462-17-9-65
Cash from Investing Activity +-1-13-20-39-118-179
Cash from Financing Activity +651-4167123306
Net Cash Flow10-6211-562
Free Cash Flow5-4440-57-130-228
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit28%-67%138%-7%9%-17%

Financials of KSH International Ltd

Ratios

Working capital efficiency and return ratios

Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days875438424239
Inventory Days364943394556
Days Payable291564614
Cash Conversion Cycle958875788280
Working Capital Days362730282739
ROCE %18%16%18%21%21%

Guidance history

How KSH International Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →20–40%FlatPlanned—Rising
Q4 FY26 call →20–40%FlatPlanned——
Q3 FY26 call →40%+FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

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