Ksb Limited (KSB) share price
₹776.70 on NSE as of 2026-10-08. -3.09% on the day. market cap ₹13,518 Cr. P/E 55.1. 52-week range ₹680.00 to ₹1000.05. Capital Goods.
KSB Ltd, Quarter Ended June 2026: Revenue ₹691 Cr, PAT ₹57 Cr, and an Order Book with ₹1,282 Cr of Nuclear In It
At a glance
KSB has made pumps since 1960. The range now reaches nuclear reactors, solar farms and firefighting systems inside data centres. ICRA, a credit-rating agency, adds pumps for Indian Railways locomotives, which the German parent used to build.
Revenue in the three months to June 2026 was ₹691 crore. That is 3.6% above the year-ago quarter and 14.9% above the March quarter. Operating profit was ₹82 crore, against ₹91 crore a year earlier. Net profit was ₹57 crore, against ₹70 crore. Earnings per share were ₹3.29, against ₹4.05. The operating margin was 12%, against 14%.
The March 2026 quarter carried an operating margin of 8%, the lowest in the ten quarters on record. The quarter before it carried 17%, the highest. Management says it targets EBITDA — profit before interest, tax and depreciation — of 13% to 14%. Management also says topline growth comes first.
Other income in the December 2025 quarter was negative ₹5 crore. Elsewhere on the sheet it runs between ₹9 crore and ₹22 crore. Other income that quarter was, briefly, an outgoing. The statement offers no explanation.
The order book stood at ₹2,585 crore at December 2025. Nuclear work accounts for ₹1,282 crore of it. Management says nuclear revenue recognised in calendar 2025 was "hardly anything, ₹30 crores to ₹50 crores."
Introduction
KSB Limited was incorporated in 1960 and is headquartered in Pimpri, Pune. KSB SE & Co. KGaA of Germany holds 40.5%, through Canadian Kay Pump Limited.
The company runs six manufacturing plants and six service stations. It also keeps more than 350 service centres and 22 warehouses. There are 14 branch offices and four zonal offices. More than 800 authorised dealers sell the products. ICRA, a credit-rating agency, counted seven plants in its September 2025 note. Four of them are at Pune, Vambori, Chinchwad and Shirwal. The others are at Sinnar, Coimbatore and Meladoor.
The milestones read like a company that added a division every decade and subtracted none. Industrial pumps came in 1960, and a captive foundry followed at Vambori in 1974. The power pumps division opened in 1978 and is now called SupremeServ. Valves began at Coimbatore in 1987, and standard water pumps at Sinnar in 1994. The group acquired MIL Controls in 1997 and set up KSB Tech in 2005. The Energy Pumps Division at Shirwal came in 2017. In 2023 the company acquired BP&CL technology for reciprocating pumps, which push liquid with a piston rather than a spinning wheel.
On 6 August 2026 KSB told the exchange it is building an additional shed at the Shirwal plant. The filing puts the cost at ₹40 crore. It adds 20% of capacity by 2027.
On 25 February 2026 the company said Rajeev Jain had been re-appointed Managing Director. His term runs from 1 July 2026 to 30 June 2031, subject to members' approval.
In June 2025 KSB disclosed a boiler feed pump order from L&T, for NTPC's 4,000 MW supercritical plants. Supercritical plants run their steam at very high pressure and temperature. In May 2025 the company disclosed an export order for eight critical nuclear pumps, for a European nuclear power plant.
Business model
KSB moves liquid from where it is to where somebody would rather it was. It sells across six market areas and 21 submarkets, arranged in four groups.
Standard Products is the volume end. It covers submersible pumpsets, openwell monoblocs, mini-monoblocs and dewatering pumps. Solar pumps sit here too. So do gate, globe, check and ball valves. Valves is the Coimbatore speciality: bellow seal, knife-edge gate and metal-seated ball units. Some conform to API 610, the oil industry's pump standard, and others are custom-built for high-pressure and hydrocarbon service. Engineered Products covers high-pressure multistage pumps, FGD pumps, process pumps and non-clog pumps. FGD units strip sulphur from power station exhaust. Hydro-pneumatic systems and HVAC equipment sit in the same group. SupremeServ is the aftermarket unit, selling spares, field service, repairs and retrofits. It also supplies replacement pumps that fit an existing footprint.
Pumps are 86.5% of the mix and valves 13.5%. In the first half of the 2026 financial year, the domestic market brought 83% of sales. Exports brought 17%. Within India, standard products brought 43% and valves 24%. Engineered products brought 14% and SupremeServ 19%.
The customer list is a roll call of places where water must not stop. It includes NTPC, Thermax, ISGEC and HPCL. BPCL, L&T, Reliance and MSEDCL are on it as well. So is Rajasthan Horticulture.
The company describes itself as the only ISO-certified nuclear pump maker in the segment, and the leader in it. Its nuclear orders include GHAPV, Kaiga 5 and 6, and Kudankulam. ICRA, a credit-rating agency, says the parent's technology transfer enabled the move into critical nuclear pumps and FGD units. ICRA adds that the technology "enables it to command a price premium, in return of payment of royalty to the parent."
The Vambori foundry casts the company's own ferrous and non-ferrous parts. GIW of the United States has certified it for white iron. ICRA says backward integration into castings and mechanical seals supports the margin profile. Mechanical seals bring about ₹15 crore of revenue. Between 9,000 and 10,000 seals are made, on a ₹7 crore Mazak machine. Company revenue is ₹2,696 crore.
Quarterly results, balance sheet, cash flow, ratios, shareholding and the filings themselves are on the full page for Ksb Limited.
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