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.
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