A leading water pump manufacturer is in focus after securing a Rs.14 crore order for 962 solar water pumping systems under the PM-KUSUM Scheme. The order, awarded by the Tripura Renewable Energy Development Agency, involves design, supply, and installation, with execution expected to begin in Q2 FY26.
Price Action
During Monday’s trading session, shares of KSB Ltd reached an intra-day high of Rs.669.75 each, falling slightly from the previous closing price of Rs.688.65 per share. However, the shares retreated further and are trading at Rs.653.85 apiece. Over the past five years, the stock has delivered over 625 percent returns.
What happened
KSB Limited has announced the receipt of a Letter of Award under the PM-KUSUM Scheme (Component B) for the design, manufacture, supply, transportation, installation, testing, and commissioning of 962 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). The contract, valued at approximately Rs.14 crores, has been awarded by the Tripura Renewable Energy Development Agency (TREDA), a domestic entity.
The execution of the order is scheduled to commence from the second quarter of 2025, with payment terms specifying settlement post-installation. This significant project not only strengthens KSB’s role in advancing renewable energy adoption in India but also highlights the company’s growing contribution to sustainable agricultural solutions.
International Presence
KSB Group has a strong global presence, operating through its companies in over 60 countries across Europe, the Middle East, Africa, Asia-Pacific, and the Americas. With a wide network of production, assembly, sales, and service sites, KSB serves key markets worldwide, including India, the United States, Germany, China, Brazil, and South Africa, reinforcing its position as a global leader in pump and valve solutions.
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Financial Overview
In its recent financial update, KSB Ltd reported consolidated revenue of Rs.726 crores for Q3 FY25, reflecting a 20 percent increase compared to Rs.603 crores in Q3 FY24. Moreover, the company reported a 33 percent increase in net profits to Rs.73 crores in Q3 FY25, from Rs.55 crores posted during the same period last year.
Ratio Analysis
The company has a Return on Capital Employed (ROCE) of 22.39 percent and a Return on Equity (ROE) of 16.66 percent. Its Price-to-Earnings (P/E) ratio stands at 48.42, lower than the industry average of 53.96. Furthermore, the company maintains a current ratio of 2.13, a debt-to-equity ratio of nil, and an Earnings Per Share (EPS) of Rs.14.22.
Business Overview
KSB Ltd is a prominent manufacturer of pumps, valves, and related systems in India, serving a wide range of industries including agriculture, wastewater treatment, energy (nuclear and conventional power), oil and gas, and construction.
Written by – Siddesh S Raskar
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