Share price of this small-cap stock moved up by nearly 4.5 percent to Rs. 4,150 in the trading session of Tuesday, compared to the previous closing price of Rs. 3,972.4, after the company announced a stock split.
With a market capitalisation of Rs. 14,360 crore, at 01:34 p.m. the shares of KSB Limited were trading in the green on NSE at Rs. 4,127.95, up by 3.62 percent.
In the last one year, the company has delivered positive returns of about 88.2 percent and nearly 40.2 percent in the last six months. So far in 2024, it has given positive returns of around 19.2 percent.
According to recent regulatory filings with the stock exchanges, the Board of Directors of KSB Limited has scheduled a meeting on 26th April to consider and approve the proposal for the sub-division or split of Equity Shares of the company.
During the scheduled meeting, the company’s Board will also consider and take on record the Unaudited Financial Results for the quarter ended on 31st March, 2024.
In terms of financials, the revenue from operations of the company grew by nearly 6.91 percent QoQ from Rs. 564 crore in Q2 FY23-24 to Rs. 603 crore in Q3 FY23-24.
The net profit of the company also increased by around 10 percent QoQ from Rs. 50 crore in Q2 FY23-24 to Rs. 55 crore in Q3 FY23-24.
As of December 2023, FIIs hold 4.5 percent of the shares, whereas DIIs hold 10.13 percent of the shares in the company, aggregating to 14.63 percent of the institutional holdings.
Founded in the year 1960, KSB Limited is a leading supplier of pumps, valves and related services, and the majority part of its sales and revenue comes from its pumps segment.
The company’s operations are carried out in three segments: Pumps, Valves, and KSB SupremeServ segment comprises the spare parts business for pumps and valves.
Written by Shivani Singh
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