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KSB Ltd.
(KSB)
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Rating:55Neutral
Price Target:
₹812.00
▼(-6.32% Downside)
Action:Reiterated
Date:08/06/26
The score is supported primarily by a very strong, low-debt balance sheet, but is weighed down by (1) weaker and less durable-looking recent operating/cash-flow performance and (2) bearish technical signals with the stock trading below major moving averages. A high P/E and low dividend yield further limit the valuation support.
Positive Factors
Very low leverage / strong balance sheet
KSB's very low leverage and near-zero debt position in 2025 provide durable financial flexibility. A conservative balance sheet reduces default and refinancing risk, supports countercyclical investments or capital expenditures, and enables funding of service operations or bolt-on deals without stressing cash flows.
Negative Factors
Uneven and volatile cash generation
Free cash flow and operating cash have been inconsistent, with a deep negative FCF year in 2022 and a steep drop in 2025, signaling weak cash conversion. Persistent working-capital swings or elevated investment needs raise uncertainty about funding for growth, service commitments, or shareholder returns without changing capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
KSB's very low leverage and near-zero debt position in 2025 provide durable financial flexibility. A conservative balance sheet reduces default and refinancing risk, supports countercyclical investments or capital expenditures, and enables funding of service operations or bolt-on deals without stressing cash flows.
Read all positive factors
KSB Ltd. (KSB) vs. iShares MSCI India ETF (INDA)
Market Cap
₹141.38B
Dividend Yield0.55%
Average Volume (3M)24.05K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth4.63%
EPS Growth-4.40%
CountryIN
Employees2,380
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)0.15
Shares Outstanding174,039,220
10 Day Avg. Volume11,108
30 Day Avg. Volume24,052
Financial Highlights & Ratios
PEG Ratio-0.48
Price to Book (P/B)7.83
Price to Sales (P/S)4.87
P/FCF Ratio439.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹955.00Price Target Upside10.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)18.3
Revenue Forecast (FY)₹29.91B
KSB Ltd. Business Overview & Revenue Model
Company Description
KSB Limited is engaged in the manufacturing and global distribution of power-operated pumps and industrial valves, catering to both domestic Indian and international markets. The company's business activities are segmented into two core divisions:...
How the Company Makes Money
KSB makes money mainly by selling engineered fluid-handling equipment and by servicing that equipment over its lifecycle. Key revenue streams typically include: (1) Product sales: Revenue from the manufacture and sale of pumps and valves (and rela...
KSB Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
86
Very Positive
Cash Flow
46
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 255.28M | 285.76M | 244.59M | 18.08B | 176.57M |
| Gross Profit | 77.35M | 123.60M | 8.69B | 7.42B | 35.36M |
| EBITDA | 35.04M | 349.10M | 319.70M | 264.07M | 230.39M |
| Net Income | 25.62M | 27.92M | 152.29M | 1.83B | 17.62M |
Balance Sheet | |||||
| Total Assets | 264.46M | 2.87B | 224.84M | 2.48B | 189.79M |
| Cash, Cash Equivalents and Short-Term Investments | 26.84M | 369.30M | 1.80B | 17.89M | 2.40B |
| Total Debt | 492.44K | 58.30M | 54.60M | 50.46M | 78.67M |
| Total Liabilities | 105.48M | 1.53B | 1.45B | 1.35B | 1.45B |
| Stockholders Equity | 158.98M | 1.09B | 1.00B | 11.43B | 674.75M |
Cash Flow | |||||
| Free Cash Flow | 2.83M | 133.60M | 173.80M | -100.28M | 89.94M |
| Operating Cash Flow | 11.70M | 268.60M | 17.40M | 2.11M | 163.92M |
| Investing Cash Flow | 1.68M | -153.70M | 45.32M | -89.04M | 28.26M |
| Financing Cash Flow | -6.72M | -88.80M | -585.19M | -75.84M | -954.21M |
KSB Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹153.14B | 57.00 | ― | 1.58% | 8.28% | 1.08% | |
71 Outperform | ₹147.74B | 39.71 | ― | 0.38% | 5.04% | -10.39% | |
57 Neutral | ₹320.63B | 58.34 | ― | 0.41% | 22.66% | 15.61% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹141.38B | -1.92 | ― | 0.55% | 4.63% | -4.40% | |
55 Neutral | ₹58.35B | 27.54 | ― | 0.21% | 14.10% | -49.84% | |
54 Neutral | ₹12.14B | 44.14 | ― | 0.41% | -3.87% | -19.01% |
* General Sector Average
IN:KSB
KSB Ltd.
800.25
-3.33
-0.41%
IN:INGERRAND
Ingersoll-Rand (India) Limited
4,750.40
1,002.26
26.74%
IN:KIRLOSBROS
Kirloskar Brothers Ltd.
1,832.60
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-7.10%
IN:KIRLOSENG
Kirloskar Oil Engines Limited
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152.65%
IN:ROTO
Roto Pumps Limited
63.59
-19.38
-23.36%
IN:SHAKTIPUMP
Shakti Pumps (India) Limited
466.95
-349.59
-42.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.