ThinkStock PhotosAnand Rathi has buy call on KSB with a target price of Rs 1008. The current market price of KSB Ltd is Rs 803.2.
KSB, incorporated in the year 1960, is a small cap company with a market cap of Rs 2791.59 crore, operating in irrigation & allied services sector.
KSB Ltd's key products/revenue segments include pumps & spares, sale of services, export incentives and scrap for the year ending 31-Dec-2019.
Investment rationale
The brokerage says in the next 2-5 years, vast number of opportunities are underway for KSB especially in FGD, nuclear power (NPCIL), and O&G. Export opportunities too are good, aided by a strong parent, technology and cost competitiveness. It believes the company is poised to explore these opportunities given its strong operations and execution capabilities.
Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 372.70 crore, up 1.03 per cent from last quarter's total income of Rs 368.90 crore and up 7.84 per cent from last year same quarter's total income of Rs 345.60 crore. Company has reported net profit after tax of Rs 29.60 crore in latest quarter.
Promoter/FII Holdings
Promoters held 66.41 per cent stake in the company as of Dec 31, 2020, while FIIs held 3.35 per cent, DIIs 11.64 per cent and public and others 18.60 per cent.
KSB, incorporated in the year 1960, is a small cap company with a market cap of Rs 2791.59 crore, operating in irrigation & allied services sector.
KSB Ltd's key products/revenue segments include pumps & spares, sale of services, export incentives and scrap for the year ending 31-Dec-2019.
Investment rationale
The brokerage says in the next 2-5 years, vast number of opportunities are underway for KSB especially in FGD, nuclear power (NPCIL), and O&G. Export opportunities too are good, aided by a strong parent, technology and cost competitiveness. It believes the company is poised to explore these opportunities given its strong operations and execution capabilities.
Financials
For the quarter ended 31-12-2020, the company has reported a consolidated total income of Rs 372.70 crore, up 1.03 per cent from last quarter's total income of Rs 368.90 crore and up 7.84 per cent from last year same quarter's total income of Rs 345.60 crore. Company has reported net profit after tax of Rs 29.60 crore in latest quarter.
Promoter/FII Holdings
Promoters held 66.41 per cent stake in the company as of Dec 31, 2020, while FIIs held 3.35 per cent, DIIs 11.64 per cent and public and others 18.60 per cent.
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