Small-cap stock engaged in the business of manufacturing and supplying various types of power-driven pumps, industrial valves and many more jumped 6 percent in the day’s trade upon receiving a new work order worth Rs. 267 Crores
With a market capitalization of Rs. 12,398 Crores, the shares of KSB Limited were trading at Rs. 3,562, up 2.51 percent from its previous day’s close price of Rs. 3,474.75.
KSB Limited has received a new work order worth Rs. 267 Crores for the supply of pumps along with accessories with the required motors for the Kundankulam site, Tamil Nadu. The supply of the order is expected to be done from Q4 of FY25.
KSB Limited is engaged in the business of manufacturing and supplying various types of power-driven pumps, industrial valves, standard Industrial end suction, high-pressure multistage pumps, and others used for agricultural, waste-water treatment, energy, and many more.
Its revenue from operations grew by 23.34 percent from Rs. 1,822 Crores in December 2022 to Rs. 2,247 Crores in December 2023, accompanied by increasing profits of Rs. 183 Crores to Rs. 209 Crores.
It has reported a return on equity (ROE) of 17.1 percent and a return on capital employed (ROCE) of 23.3 percent, it is making good returns on its equity and capital employed.
According to the latest shareholding data available for the December 2023 quarter, the company’s Promoters hold 66.69 percent stake, the Domestic Institutional Investors hold 10.13 percent and the Foreign Institutional Investors (FII) hold 4.50 percent.
Written by: Bharath K.S
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