loader2
Login Open ICICI 3-in-1 Account

Entry Price

670.00

Target

795.00

Recommend Date

02-03-2020

Return

18.66 %
BUY

Date : 02-03-2020

KSB Ltd reported a revenue decline of 2.8% YoY to | 337 crore. The pump segment registered revenue of | 281.5 crore (down 1.75% YoY) while valves & other segment revenues were at | 55.8 crore (down 7.3% YoY) & | 23.5 crore (up 25.7% YoY), respectively. OPM expanded 40 bps YoY to 14.2% leading EBITDA to remain at | 47.7 crore against | 47.9 crore in Q4CY18. The improvement was led by better gross margins (48.3% vs. 44.1% in Q4CY18) due to a change in the product mix. PAT was up 20.6% YoY to | 30.5 crore largely due to higher other income (up 50.9% YoY).