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
Good opportunities in the next two to five years have opened up for KSB Pumps Ltd. in flue-gas desulfurisation, nuclear power, oil and gas and exports.
Such prospects would also boost the after-market and services (19% of its revenue).
Its Ebitda margin (13.9% in 2020) should inch up, backed by cost savings and efficiencies, and a favourable product mix.
Accordingly, we tweak our estimates and expect 15%/32% revenue/profit after tax growth over CY20-22.
The strong operations, execution capabilities, sturdy margin expansion and attractive valuations enable us to be upbeat on the stock.
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