KSB Limited, established in 1960 and headquartered in Pune, Maharashtra, is a prominent manufacturer specializing in pumps, valves, and advanced fluid control systems. Serving critical industries like water management, energy, and infrastructure, KSB offers a diverse range of products, including centrifugal end suction pumps, high-pressure multistage pumps, and an array of industrial valves, including gate, globe, and check valves, as well as control and monobloc pumps. The company operates six cutting-edge manufacturing facilities in India, strategically located in Pimpri, Chinchwad, Khandala, Vambori, Coimbatore, and Sinnar, ensuring streamlined production and high-quality standards.
KSB’s extensive market presence spans across the country, supported by 4 zonal offices, 14 branch offices, over 350 authorized service centers, 6 company-operated service stations, and 22 godowns, alongside a network of 1100 authorized dealers. This robust infrastructure ensures reliable and accessible service and support, underscoring KSB’s commitment to customer satisfaction. Additionally, a strategic partnership with Italian multinational F.I.L.A. (Fabbrica Italiana Lapis ed Affini S.p.A) has bolstered KSB’s global reach, providing avenues for international expansion and reinforcing its reputation for innovation, quality, and reliability across global markets.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 66.69% | 66.69% | 66.69% | 69.80% | 69.80% |
| FIIs + | 3.51% | 4.50% | 5.22% | 5.38% | 5.35% |
| DIIs + | 10.88% | 10.13% | 10.03% | 10.07% | 10.23% |
| Public + | 18.92% | 18.69% | 18.07% | 14.74% | 14.61% |
| No. of Shareholders | 39,873 | 45,747 | 47,455 | 55,288 | 70,326 |
The shareholding pattern of KSB Ltd demonstrates notable changes between September 2023 and September 2024. As of September 2023, promoters held 66.69% of the company’s shares, which remained stable until March 2024, before increasing to 69.80% in June and September 2024. FIIs (Foreign Institutional Investors) also showed a rising trend, starting from 3.51% in September 2023 and climbing to 5.35% by September 2024. Similarly, DIIs (Domestic Institutional Investors) slightly increased their stake from 10.88% in September 2023 to 10.23% in September 2024, maintaining a relatively stable position throughout the period.
On the other hand, the public shareholding witnessed a decline over the same period. It decreased from 18.92% in September 2023 to 14.61% by September 2024, reflecting a shrinking public stake as promoters and institutional investors gained more control. Meanwhile, the number of shareholders saw significant growth, increasing from 39,873 in September 2023 to 70,326 by September 2024, indicating rising interest and participation among investors in KSB Ltd.
Below are the trading platforms that you can use to purchase KSB Ltd shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 879.05 | 764.39 |
| December 2024 | 887.84 | 772.04 |
As we approach the end of 2024, KSB Ltd is projected to experience fluctuating share prices. In November 2024, KSB Ltd’s share price is expected to reach a high of ₹879.05 while maintaining a potential low of ₹764.39. Moving into December 2024, KSB Ltd may see an increase, with an anticipated maximum price of ₹887.84 and a minimum price of ₹772.04.
| When | Maximum Price | Minimum Price |
| January 2025 | 896.72 | 689.79 |
| February 2025 | 905.78 | 696.75 |
| March 2025 | 924.80 | 711.39 |
| April 2025 | 915.65 | 704.34 |
| May 2025 | 888.98 | 683.83 |
| June 2025 | 928.98 | 714.60 |
| July 2025 | 910.77 | 700.59 |
| August 2025 | 938.93 | 722.26 |
| September 2025 | 950.20 | 730.92 |
| October 2025 | 974.91 | 749.93 |
| November 2025 | 999.28 | 768.68 |
| December 2025 | 1,044.25 | 803.27 |
As we move through 2025, KSB Ltd’s share price is projected to trend upward steadily. January may see a maximum of ₹896.72 and a minimum of ₹689.79, with slight increases each month, reaching ₹905.78 and ₹696.75 by February. By mid-year, June could bring a high of ₹928.98 and a low of ₹714.60, while prices in August are anticipated at ₹938.93 and ₹722.26. September through October could see further gains, with prices possibly reaching ₹950.20 and ₹730.92 in September and rising to ₹974.91 and ₹749.93 by October. November may edge close to ₹999.28, and December is expected to close the year at a peak of ₹1,044.25 and a minimum of ₹803.27, reflecting a strong year-end outlook for KSB Ltd.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,075.57 | 827.36 |
| February 2026 | 1,048.68 | 806.68 |
| March 2026 | 1,069.66 | 822.81 |
| April 2026 | 1,091.49 | 839.61 |
| May 2026 | 1,080.68 | 831.29 |
| June 2026 | 1,107.70 | 852.07 |
| July 2026 | 1,085.98 | 835.37 |
| August 2026 | 1,119.56 | 861.20 |
| September 2026 | 1,141.96 | 878.43 |
| October 2026 | 1,171.65 | 901.27 |
| November 2026 | 1,200.94 | 923.80 |
| December 2026 | 1,230.96 | 946.89 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,243.27 | 956.36 |
| February 2027 | 1,275.15 | 980.88 |
| March 2027 | 1,324.88 | 1,019.14 |
| April 2027 | 1,298.90 | 999.16 |
| May 2027 | 1,261.07 | 970.05 |
| June 2027 | 1,317.82 | 1,013.71 |
| July 2027 | 1,291.98 | 993.83 |
| August 2027 | 1,331.94 | 1,024.57 |
| September 2027 | 1,378.55 | 1,060.43 |
| October 2027 | 1,414.40 | 1,088.00 |
| November 2027 | 1,449.76 | 1,115.20 |
| December 2027 | 1,486.00 | 1,143.08 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,515.72 | 1,165.94 |
| February 2028 | 1,554.59 | 1,195.84 |
| March 2028 | 1,615.21 | 1,242.47 |
| April 2028 | 1,583.54 | 1,218.11 |
| May 2028 | 1,537.42 | 1,182.63 |
| June 2028 | 1,606.61 | 1,235.85 |
| July 2028 | 1,575.10 | 1,211.62 |
| August 2028 | 1,623.82 | 1,249.09 |
| September 2028 | 1,680.65 | 1,292.81 |
| October 2028 | 1,724.35 | 1,326.42 |
| November 2028 | 1,767.46 | 1,359.58 |
| December 2028 | 1,811.64 | 1,393.57 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,847.88 | 1,421.44 |
| February 2029 | 1,895.26 | 1,457.89 |
| March 2029 | 1,969.17 | 1,514.75 |
| April 2029 | 1,930.56 | 1,485.05 |
| May 2029 | 1,874.33 | 1,441.79 |
| June 2029 | 1,958.68 | 1,506.67 |
| July 2029 | 1,920.27 | 1,477.13 |
| August 2029 | 1,979.66 | 1,522.82 |
| September 2029 | 2,048.95 | 1,576.11 |
| October 2029 | 2,102.22 | 1,617.09 |
| November 2029 | 2,154.78 | 1,657.52 |
| December 2029 | 2,208.65 | 1,698.96 |
| When | Maximum Price | Minimum Price |
| January 2030 | 2,252.82 | 1,732.94 |
| February 2030 | 2,310.58 | 1,777.37 |
| March 2030 | 2,400.70 | 1,846.69 |
| April 2030 | 2,353.62 | 1,810.48 |
| May 2030 | 2,285.07 | 1,757.75 |
| June 2030 | 2,387.90 | 1,836.85 |
| July 2030 | 2,341.08 | 1,800.83 |
| August 2030 | 2,413.48 | 1,856.53 |
| September 2030 | 2,497.96 | 1,921.50 |
| October 2030 | 2,562.90 | 1,971.46 |
| November 2030 | 2,626.97 | 2,020.75 |
| December 2030 | 2,692.65 | 2,071.27 |
In 2030, KSB Ltd is expected to exhibit strong growth throughout the year. As we enter January, projections suggest a maximum price of ₹2,252.82 and a minimum of ₹1,732.94. February’s estimates rise to ₹2,310.58 and ₹1,777.37, with March potentially reaching a peak of ₹2,400.70 and a low of ₹1,846.69. By mid-year, June may see values between ₹2,387.90 and ₹1,836.85, while August could witness a rise to ₹2,413.48 and ₹1,856.53. Toward the year-end, prices are projected to advance further, with September possibly reaching ₹2,497.96 and ₹1,921.50, while October is anticipated at ₹2,562.90 and ₹1,971.46. As November unfolds, prices may peak around ₹2,626.97, concluding December on a high at approximately ₹2,692.65, with a minimum of ₹2,071.27, indicating robust momentum for KSB Ltd throughout the year.
Financial Condition of KSB Ltd
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | |
| Sales + | 1,208 | 1,497 | 1,822 | 2,247 | 2,356 |
| Expenses + | 1,039 | 1,287 | 1,575 | 1,954 | 2,054 |
| Operating Profit | 169 | 210 | 247 | 294 | 303 |
| OPM % | 14% | 14% | 14% | 13% | 13% |
| Other Income + | 33 | 40 | 50 | 42 | 46 |
| Interest | 3 | 5 | 6 | 5 | 5 |
| Depreciation | 42 | 44 | 45 | 50 | 52 |
| Profit before tax | 157 | 201 | 245 | 280 | 292 |
| Tax % | 40% | 26% | 25% | 26% | |
| Net Profit + | 94 | 149 | 183 | 209 | 218 |
| EPS in Rs | 5.39 | 8.59 | 10.5 | 12 | 12.51 |
| Dividend Payout % | 32% | 29% | 29% | 29% |
The financial performance of KSB Ltd has shown steady growth from December 2020 to the trailing twelve months (TTM) ending in 2024. Sales increased consistently from ₹1,208 crore in 2020 to ₹2,356 crore in the TTM, reflecting a strong growth trajectory. Alongside sales, expenses also rose, moving from ₹1,039 crore in 2020 to ₹2,054 crore in the TTM, indicating higher operational activity to support the expanding sales volume.
Despite the rise in expenses, KSB Ltd maintained a healthy Operating Profit margin (OPM) of 13-14% over the years, achieving an operating profit of ₹303 crore in the TTM. The company has also generated additional revenue through Other Income, with a notable peak of ₹50 crore in 2022, slightly adjusting to ₹46 crore in the TTM. Interest costs remained low, with a minimal impact on profitability, while Depreciation grew from ₹42 crore in 2020 to ₹52 crore in the TTM, aligning with the company’s expanding asset base.
Profit before Tax (PBT) saw an upward trend, reaching ₹292 crore in the TTM, though the Tax Rate varied between 25-40% across the years. As a result, Net Profit grew significantly, from ₹94 crore in 2020 to ₹218 crore in the TTM, driving Earnings per Share (EPS) from ₹5.39 to ₹12.51. Dividend Payout remained stable at around 29% since 2021, demonstrating KSB Ltd‘s consistent approach to rewarding shareholders while reinvesting for future growth.
FAQs
What is the current market capitalization of KSB Ltd?
KSB Ltd currently boasts a market capitalization of ₹14,306 crore.
As of 25th October, the share price stands at ₹822.
Analysts forecast a maximum share price target of ₹887.84 for 2024.
The maximum share price target for 2025 is projected at ₹1,044.25.
The share price is anticipated to reach a maximum of ₹2,692.65 by 2030.
What is the current P/E ratio of KSB Ltd?
The current P/E ratio is 65.7.
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Conclusion
In conclusion, KSB Limited has demonstrated a strong financial performance and market position, with sales increasing from ₹1,208 crore in December 2020 to an estimated ₹2,356 crore in the trailing twelve months. The operating profit margin has remained stable at around 13-14%, reflecting efficient expense management. Shareholding patterns show increased confidence among promoters and institutional investors, with a more concentrated ownership structure due to declining public shareholding. Projections for share prices indicate a positive trend, with anticipated maximum prices reaching ₹2,692.65 by December 2030. Overall, KSB Limited is well-positioned for continued growth in the manufacturing sector, particularly in pumps and fluid control systems, bolstered by its extensive infrastructure and strategic partnerships, enhancing its reputation for quality and innovation.
What did we learn?
- 1 Shareholdings Patterns of KSB Ltd
- 2 How to Purchase KSB Ltd Shares in India?
- 3 KSB Ltd Share Price Prediction: 2024 – 2030
- 4 Financial Condition of KSB Ltd
- 5 FAQs
- 5.1 What is the current market capitalization of KSB Ltd?
- 5.2 What is the current share price of KSB Ltd?
- 5.3 What is the projected maximum share price target for 2024?
- 5.4 What is the projected maximum share price target for 2025?
- 5.5 What is the projected maximum share price target for 2030?
- 5.6 What is the current P/E ratio of KSB Ltd?
- 6 Conclusion
