Stock split & 175 per cent dividend announced: Keep an eye on this multibagger pumps manufacturing company with Rs 2,200 crore order book - don’t miss!

The stock gave multibagger returns of over 100 per cent in just 1 year, 410 per cent in 3 years and a whopping 1,300 per cent in a decade.

KSB Ltd informed that the Board of Directors of the company approved of sub-division/stock split of 1 equity share of the company having a face value of Rs 10 each into 5 equity shares of Rs 2 each and announced 175 per cent or Rs 17.50 per share as dividend having a face value of Rs 10 each. The record date for the stock split will be announced in due course while the record date for dividend is June 13, 2024.

In FY24, KSB Ltd has secured significant new orders and achieved key milestones across various segments. The company received a letter of award under the PM-Kusum III Scheme for INR 63 Crores to supply 2500 solar water pumping systems to Maharashtra, while the energy segment crossed INR 50 Crores in order intake with notable orders from General Electric and Haldia Petrochemicals Ltd. KBL also received its first desalination project order worth INR 11 Crore from KSB Saudi. In product launches, the company unveiled Calio Pro and Etaline pumps with SupremE Motor & Pump Drive 2 at ACREX 2024.

Additionally, KBL hosted its 33rd All India Dealer Conference in Kochi and won the "ESG Champion of India 2024" Award at the Dun & Bradstreet ESG Leadership Summit. The company further strengthened its presence by inaugurating renovated offices in Mumbai and Jaipur and upgrading to a new office location in Bhubaneshwar. These achievements highlight KBL's commitment to growth, innovation, and sustainability.

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KSB Limited manufactures power-driven pumps and industrial valves. The Company produces and distributes a range of control valves, desuperheaters, actuators, and spare parts. KSB serves energy, oil and gas, water, and construction industries in India. The company's export business is seeing an upward trend and Significant growth in the Solar business - Qualification in SECI (Solar Energy Corporation of India) tender

The company has a market cap of over Rs 15,000 crore, delivered good profit growth of 24 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 29 per cent. The company order book stands at Rs 2,200 crore including nuclear orders.

Today, shares of KSB Ltd surged 1.85 per cent to an intraday high of Rs 4,765 per share from its previous closing of Rs 4.678.15. The stock’s 52-week high is Rs 5,185 and its 52-week low is Rs 2,014.65. The stock gave multibagger returns of over 100 per cent in just 1 year, 410 per cent in 3 years and a whopping 1,300 per cent in a decade. Investors should keep an eye on this Mid-Cap stock.

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