The Story of 512% Return by KSB Ltd.

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Business Model:

KSB is a global company headquartered in Frankenthal, Germany, that specializes in manufacturing pumps and valves. Founded in 1871, KSB operates in more than 150 countries and has over 15,000 employees. The company’s core business revolves around providing innovative and efficient solutions for fluid transport and control. KSB manufactures a wide range of pumps and valves, including single-stage, multistage, and submersible pumps, along with associated control and drive systems. Their products are used in various industries to move and control fluids effectively.

Stock Performance:

Why is KSB Stock price rising?

KSB stock price rallied 5.5% on Thursday 28th Sep’23 as after the company’s received a letter of award under the PM-Kusum III Scheme under Component B. The award is valued at ₹27.78 crore and pertains to the supply of 800 solar water pumping systems from the Department of Agriculture, Uttar Pradesh.
Domestic brokerage firm ICICI Direct Research is positive about KSB’s prospects, positioning the company to benefit substantially from the increasing capital expenditure in the infrastructure and industrial sectors.
KSB’s consolidated revenue grew at 12.1% CAGR over the last 3 years (CY19–22). However, over the next two years, the brokerage firms expects revenue growth at 15.7% CAGR over CY22-24E, led by a better demand scenario for pumps & valves coupled with a focus on expanding the product portfolio, distribution network, and increase in after-sales business.
The company’s focus is on increasing its market share by venturing into new product segments like firefighting, railways, building, and water waste management and growing its after sales business.

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Aditya Manekar

Chartered Accountant and Key Account Manager at smallcase - The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Smallcase Technologies Private Limited does not uphold nor promote any of the views / opinions.

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