KSB PUMPS 2017-18 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

KSB PUMPS 2017-18 Annual Report Analysis
Mon, 22 Apr

KSB PUMPS has announced its results for the year ended December 2018. Let us have a look at the detailed performance review of the company during FY17-18.

KSB PUMPS Income Statement Analysis

  • Operating income during the year rose 15.7% on a year-on-year (YoY) basis.
  • The company's operating profit increased by 19.4% YoY during the fiscal. Operating profit margins witnessed a fall and down at 11.7% in CY18 as against 11.4% in CY17.
  • Depreciation charges increased by 28.5% and finance costs increased by 5.6% YoY, respectively.
  • Other income declined by 32.5% YoY.
  • Net profit for the year grew by 1.0% YoY.
  • Net profit margins during the year declined from 7.3% in CY17 to 6.4% in CY18.

KSB PUMPS Income Statement 2017-18

No. of Mths Year Ending 12 Dec-17* 12 Dec-18* % Change
Net Sales Rs m 9,443 10,931 15.7%
Other income Rs m 297 200 -32.5%
Total Revenues Rs m 9,740 11,131 14.3%
Gross profit Rs m 1,075 1,283 19.4%
Depreciation Rs m 309 397 28.5%
Interest Rs m 36 38 5.6%
Profit before tax Rs m 1,028 1,050 2.1%
Tax Rs m 371 377 1.6%
Profit after tax Rs m 709 716 1.0%
Gross profit margin % 11.4 11.7
Effective tax rate % 36.1 35.9
Net profit margin % 7.3 6.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KSB PUMPS Balance Sheet Analysis

  • The company's current liabilities during CY18 stood at Rs 5 billion as compared to Rs 3 billion in CY17, thereby witnessing an increase of 38.3%.
  • Current assets rose 27% and stood at Rs 8 billion, while fixed assets rose 4% and stood at Rs 3 billion in CY18.
  • Overall, the total assets and liabilities for CY18 stood at Rs 13 billion as against Rs 11 billion during CY17, thereby witnessing a growth of 16%.

KSB PUMPS Balance Sheet as on December 2018

No. of Mths Year Ending 12 Dec-17* 12 Dec-18* % Change
Networth Rs m 7,104 7,578 6.7
 
Current Liabilities Rs m 3,294 4,556 38.3
Long-term Debt Rs m 0 0 0.0
Total Liabilities Rs m 10,772 12,500 16.0
 
Current assets Rs m 6,356 8,063 26.8
Fixed Assets Rs m 3,123 3,252 4.1
Total Assets Rs m 10,772 12,500 16.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



KSB PUMPS Cash Flow Statement Analysis

  • KSB PUMPS's cash flow from operating activities (CFO) during CY18 stood at Rs 775 million on a YoY basis.
  • Cash flow from investing activities (CFI) during CY18 stood at Rs -855 million on a YoY basis.
  • Cash flow from financial activities (CFF) during CY18 stood at Rs 17 million, an improvement of 108% on a YoY basis.
  • Overall, net cash flows for the company during CY18 stood at Rs -63 million from the Rs -74 million net cash flows seen during CY17.

KSB PUMPS Cash Flow Statement 2017-18

Particulars No. of months 12 12 % Change
Year Ending Dec-17 Dec-18
Cash Flow from Operating Activities Rs m -254 775 -
Cash Flow from Investing Activities Rs m 388 -855 -
Cash Flow from Financing Activities Rs m -208 17 -
Net Cash Flow Rs m -74 -63 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Current Valuations for KSB PUMPS

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 20.6, an improvement from the EPS of Rs 20.4 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 690.0, stands at 32.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 3.7 times, while the price to sales ratio stands at 2.5 times.
  • The company's price to cash flow (P/CF) ratio stood at 22.5 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Dec-17* 12 Dec-18*
Sales per share (Unadj.) Rs 271.3 314.0
TTM Earnings per share Rs 20.4 20.6
Diluted earnings per share Rs 20.4 20.6
Price to Cash Flow x 24.9 22.5
TTM P/E ratio x 32.5 32.5
Price / Book Value ratio x 3.8 3.7
Market Cap Rs m 24,019 24,019
Dividends per share (Unadj.) Rs 6.0 6.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



Ratio Analysis for KSB PUMPS

  • Solvency Ratios
  • Current Ratio: The company's current ratio deteriorated and stood at 1.8x during CY18, from 1.9x during CY17. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio deteriorated and stood at 29.0x during CY18, from 29.9x during CY17. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 9.5% during CY18, from 10.0% during CY18. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 14.9% during CY18, from 15.7% during CY17. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 6.0% during CY18, from 6.9% during CY17. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Dec-17* 12 Dec-18*
Current ratio x 1.9 1.8
Debtors’ Days Days 99 97
Interest coverage x 29.9 29.0
Debt to equity ratio x 0.0 0.0
Return on assets % 6.9 6.0
Return on equity % 10.0 9.5
Return on capital employed % 15.7 14.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster



To see how KSB PUMPS has performed over the last 5 years, please visit here.

KSB PUMPS Share Price Performance

Over the last one year, KSB PUMPS share price has moved up from Rs 857.6 to Rs 690.0, registering a loss of Rs 167.6 or around 19.5%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 18,257.1 (down 0.5%). Over the last one year it has moved down from 19,191.1 to 18,257.1, a loss of 934 points (down 4.9%).

Overall, the S&P BSE SENSEX is up 13.0% over the year.

(To know more, check out historical annual results for KSB PUMPS and quarterly results for KSB PUMPS)

Equitymaster requests your view! Post a comment on "KSB PUMPS 2017-18 Annual Report Analysis". Click here!

  

Related Views on News

KSB Announces Quarterly Results (2QFY20); Net Profit Up 47.8% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, KSB has posted a net profit of Rs 238 m (up 47.8% YoY). Sales on the other hand came in at Rs 4 bn (up 30.5% YoY). Read on for a complete analysis of KSB's quarterly results.

KSB Announces Quarterly Results (1QFY20); Net Profit Up 29.9% (Quarterly Result Update)

Jul 29, 2019 | Updated on Jul 29, 2019

For the quarter ended June 2019, KSB has posted a net profit of Rs 278 m (up 29.9% YoY). Sales on the other hand came in at Rs 3 bn (up 19.0% YoY). Read on for a complete analysis of KSB's quarterly results.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

TRACK KSB

KSB - BHEL COMPARISON

COMPARE KSB WITH

MARKET STATS