Shares of KSB Limited witnessed a significant surge today. The stock opened trading at Rs 2782.95, up by 1.3% compared to the previous day’s closing price of Rs 2747.75 per share. Furthermore, the stock achieved a significant milestone today, reaching Rs 3000 per share, marking a 17% increase during the intraday session.
In addition to this, the stock reached a 52-week high today, with its 52-week high and low being Rs 3212.35 and Rs 1706.20, respectively. Finally, the stock concluded today’s trading session at Rs 3133.40 per share, representing a 14% increase from its previous closing price on the BSE.
With a market capitalization of Rs 10,907 crore, the stock has demonstrated outstanding performance in recent periods, yielding a 44% return in the last three months. Moreover, it has generated impressive multibagger returns of 517% over the last three years.
When analysing today’s share volumes, it becomes apparent that there has been a substantial increase of over 18.86 times in trading volumes compared to its average volumes on the BSE.
Company Profile
KSB Limited is an India-based company engaged in the manufacturing of various types of power-driven pumps and industrial valves. It operates manufacturing plants in Pimpri-Chinchwad, Khandala, Vambori, Coimbatore, and Sinnar. The company operates through three segments: Pumps, Valves, and KSB SupremeServ.
The Pumps segment is involved in the manufacturing and trading of all types of pumps, including industrial pumps, submersible pumps, effluent treatment pumps, and associated spares and services. The Valves segment is dedicated to the manufacturing and trading of industrial valves, along with associated spares and services.
The KSB SupremeServ segment encompasses all service and spare parts activities, specialising in centrifugal end-suction pumps, high-pressure multistage pumps, industrial gate, globe, and check valves, submersible motor pumps, monobloc and mini monobloc pumps, hydro-pneumatic systems, and control valves.
Financial Performance
In the June quarter of FY24, the company’s revenue from operations experienced a significant increase of 32% YoY, rising from Rs 448 crore to Rs 591 crore. The company reported an operating profit of Rs 85 crore, compared to an operating profit of Rs 61 crore in the corresponding quarter last year, resulting in an operating profit margin of 14%.
Meanwhile, the net profit of the company amounted to Rs 63 crore, marking a 34% increase compared to the corresponding quarter’s profit of Rs 47 crore last year. Even on a sequential basis, net profit grew by 1.5 times in Q1 FY24, rising from Rs 47 crore in Q4 FY23 to Rs 63 crore. This is also reflected in the company’s EPS growth, which increased from Rs 13.62 per share to Rs 18.04 per share.
Here is the chart presentation of the company’s shares on the monthly time frame:
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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