500 per cent returns and Rs 6,165 million orders: This multibagger pump manufacturer bags a new order worth Rs 55 crore!

Shares of the company gained more than 35 per cent in the last six months.

KSB Limited informed in the exchange filing that the company has bagged a new order from Nuclear Power Corporation of India Limited. The order involves the supply of vertical safety class pumps for their GHAVP 1&2 Project. The order is worth Rs 55 crores, and is expected to complete by FY2026.

Furthermore, the company also bagged an order worth Rs 27.78 crores from Department of Agriculture, Uttar Pradesh. The order involves the supply of 800 solar water pumping systems.

KSB manufactures a wide range of pumps for the agricultural, waste-water treatment, energy (nuclear and conventional power), and oil and gas sectors, as well as other industries like paper, textiles, pharmaceuticals and food processing. KSB has seven plants at Pune, Vambori, Chinchwad, Shirwal and Sinnar in Maharashtra, Coimbatore in Tamil Nadu and Meladoor in Kerala.

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The company has an approximate market share of 13 per cent (as per ICRA) and a large network of over 1,000 authorised dealers of pumps and valves with more than 350 authorised service centres across the country. Further, exports contribute to 15-20 per cent of the company’s revenue, thereby ensuring its presence in the overseas markets also.

Additionally, the company order intake in the last two quarters stands at Rs 6,165 million as of June 30, 2023. The shares of the company have also delivered multibagger returns of over 500 per cent in the last three years.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.