ADVERTISEMENT

KSB Pumps - Strong Levers Ahead, Attractive Valuations: Anand Rathi

KSB Pumps - Strong Levers Ahead, Attractive Valuations: Anand Rathi

<div class="paragraphs"><p>An employee reads paperwork as a colleague operates a crane to lift a water pump  in Chennai, India. (Photographer: Dhiraj Singh/Bloomberg)</p></div>
An employee reads paperwork as a colleague operates a crane to lift a water pump in Chennai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Strong opportunities exist for KSB Pumps Ltd. in the next two to five years in flue gas desulphurisation, Nuclear Power Corporation of India Ltd., oil and gas and exports.

Such prospects would boost aftermarket and services (19% of its sales).

Led by both pumps and valves, KSB Pumps' Q2 CY21 revenue was up 38% YoY.

Cost savings and efficiencies, pricing and a favourable product-mix continue to benefit it, leading to a healthy 14.8% Ebitda margin in H1 CY21 (13.9% in CY20).

With a strong H1 CY21, we have raised our estimates.

Strong operations, execution abilities, sturdy margin expansion and attractive valuations keep us upbeat.

Click on the attachment to read the full report:

Anand Rathi KSB Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.