ICICI Direct has given Buy recommendation for KSB with a target price of Rs. 2180 in its research report issued on Aug 18, 2022

ICICI Direct’s research report on KSB

KSB Ltd (formerly KSB Pumps Ltd), the Indian subsidiary of Klein Schanzlin & Becker (KSB) Germany, is one of the largest manufacturers and sellers of pumps and valves in India. KSB Ltd manufactures a range of standard industrial end suction and highpressure multistage pumps, submersible motor pumps and monoblock pumps and other value-added parts • Its client portfolio includes Bhel, Thermax, Isgec, Patil Engineering, RK Engineering, L&T, Pooja Engineering, NTPC and ThyssenKrupp.


We continue to remain positive and retain our BUY rating on the stock. We value KSB at Rs 2180 i.e. 35x PE (FY24E).

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