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Indian subsidiary of Germany's KSB SE, manufacturing pumps and valves for industrial, power and water applications.
Indian subsidiary of Germany's KSB SE, manufacturing pumps and valves for industrial, power and water applications.
Sells pumps and valves as products made to order, with spare parts, repair and service to its installed base adding repeat revenue. Project orders for water schemes and power plants arrive through tenders and are delivered over many months. The German parent KSB SE supplies the technology.
Moat: narrow (process know-how, brand). German parent's engineering technology transferred to a long-established Indian manufacturing base.
Headquarters: Pune, India · Founded: 1960 · Employees: 4,487
Size KSB (KSB.NS) is an India Industrials company (Industrial Machinery) with a market value of $1.16B, the 552nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹628.95 on 6 Nov 2026.
Performance Over six months the shares fell 29.8%, against -25.0% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +10.4%); the operating margin is 9.9% (peer median 3.0%).
Valuation It trades at 38.8× forward earnings against a peer median of 31.8× (7th most expensive of 15).
Price implies For today's price to make sense, revenue must grow about 35% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.6 points above its cost of capital (12.0% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹28.5B | ₹26.9B | ₹25.3B | ₹22.4B | ₹18.2B |
| Revenue growth | — | +6% | +13% | +23% | — |
| Gross profit | ₹8.28B | ₹6.16B | ₹5.57B | ₹4.46B | ₹3.70B |
| EBITDA | ₹3.44B | ₹3.70B | ₹3.35B | ₹2.88B | ₹2.43B |
| Net income | ₹2.39B | ₹2.70B | ₹2.47B | ₹2.09B | ₹1.83B |
| Free cash flow | n/a | ₹300M | ₹1.05B | ₹661M | -₹509M |
| Capital expenditure | n/a | ₹935M | ₹1.01B | ₹933M | ₹1.07B |
| Total debt | n/a | ₹52.0M | ₹34.4M | ₹32.4M | ₹28.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| KSB KSB.NS | $1.16B | -30% | +8% | 10% | 38.8× | 35.3% |
| Kirloskar Brothers KIRLOSBROS.NS | $1.37B | -8% | +11% | 9% | n/a | 33.9% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | KSB.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.5% | -13.6% | 10th lowest of 21 |
| 6-month return | -29.8% | -25.0% | 8th lowest of 21 |
| Distance from 52-week high | -38.8% | -48.5% | 6th highest of 21 |
| Revenue growth (TTM) | +8.0% | +10.4% | 10th lowest of 21 |
| Operating margin | 9.9% | 3.0% | 4th highest of 21 |
| Forward P/E | 38.8× | 31.8× | 7th most expensive of 15 |
| Growth the price implies (Req g, 7 yrs) | 35.3% | 16.3% | 4th most demanding of 10 |
| Growth delivered (Del g) | +17.5% | +10.1% | highest of 10 |
| Hurdle (Req g minus delivered) | +17.8 pp | +8.1 pp | 4th most demanding of 10 |
| ROIC minus cost of capital | +0.6 pp | -6.2 pp | 4th highest of 21 |
| EV / EBITDA | 31.9× | 9.0× | most expensive of 4 |
| Net debt / EBITDA | -0.8× | -3.0× | 2nd most indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| KSB KSB.NS | India | $1.16B | -30% | +8% | 10% | 38.8× | 35.3% | +17.5% |
| Shenzhen Xinyichang Technology 688383.SS | China | $1.16B | -25% | +34% | -9% | 56.3× | n/a | n/a |
| Shanghai Step Electric 002527.SZ | China | $1.16B | -21% | 0% | -2% | 78.3× | n/a | n/a |
| Jiangsu Bide Science & Technology 605298.SS | China | $1.16B | -30% | -4% | 15% | n/a | 40.4% | +10.1% |
| YAPP Automotive Systems 603013.SS | China | $1.16B | -25% | -1% | 7% | 12.0× | -9.1% | +0.7% |
| Guangdong Lyric Robot Automation 688499.SS | China | $1.17B | -15% | +37% | 1% | 51.7× | n/a | n/a |
| Suzhou Gyz Electronic Technology 688260.SS | China | $1.17B | +96% | +56% | -13% | n/a | n/a | n/a |
| Jiangsu Rongtai Industry 605133.SS | China | $1.15B | -17% | +51% | 6% | 33.5× | n/a | n/a |
| Shenzhen iN-Cube Automation 301312.SZ | China | $1.18B | -43% | +18% | 6% | 78.2× | n/a | n/a |
| EFORT Intelligent Robot 688165.SS | China | $1.18B | -18% | +12% | -48% | n/a | n/a | n/a |
| Jingjin Equipment 603279.SS | China | $1.13B | -28% | +6% | 9% | 14.0× | -8.4% | +11.9% |
| Guangdong Anda Automation Solutions 688125.SS | China | $1.19B | -55% | +56% | 2% | 41.0× | n/a | n/a |
| SVG 300331.SZ | China | $1.19B | -42% | +6% | 2% | n/a | 46.0% | +8.1% |
| Hunan Meihu Intelligent Manufacturing 603319.SS | China | $1.13B | -42% | +13% | 3% | 40.4× | n/a | n/a |
| Ariston ARIS.MI | Italy | $1.20B | -17% | +5% | 6% | 8.8× | 0.1% | +10.5% |
| Zhejiang Dayuan Pumps Industry 603757.SS | China | $1.12B | -19% | -8% | 3% | 30.0× | 45.8% | +6.5% |
| Nanfang Pump Industry 300145.SZ | China | $1.12B | -19% | +9% | 4% | 21.8× | 12.7% | +4.6% |
| AA Industrial Belting (Shanghai) 603580.SS | China | $1.12B | +193% | +98% | 0% | n/a | n/a | n/a |
| Union Tool 6278.T | Japan | $1.20B | -41% | +40% | 25% | 14.8× | 22.0% | +12.0% |
| Eugene Technology 084370.KS | South Korea | $1.21B | -43% | +2% | 15% | 12.3× | 16.3% | +11.6% |
| Shuangliang Eco-Energy Systems 600481.SS | China | $1.21B | -36% | -29% | -29% | n/a | n/a | n/a |