NSE: KSHINTL · BSE: 544664 · ISIN INE987S01020
KSH International Limited stock analysis
KSH International Limited ranks #588 in the TickerSutra evidence-ranked universe with a score of 62/100 and 87% data confidence. The latest captured fundamentals show ROCE of 21.5%, quarterly sales growth of 108.4% and quarterly profit growth of 86.2%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 21.5%
- 43.6% three-year sales CAGR
- Institutional ownership is rising
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹871cr | ₹51cr | ₹29cr | 6.0% |
| 2023 | ₹1,049cr | ₹51cr | ₹27cr | 4.9% |
| 2024 | ₹1,383cr | ₹72cr | ₹37cr | 5.0% |
| 2025 | ₹1,928cr | ₹123cr | ₹68cr | 6.0% |
| 2026 | ₹3,107cr | ₹193cr | ₹110cr | 6.0% |
| TTM | ₹3,712cr | ₹226cr | ₹130cr | 6.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
KSH International Limited has informed the Exchange regarding closure of trading window effective from October 01, 2026, up to 48 hours after the announcement of the unaudited financial ....
RoutineKSH International Ltd - 544664 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 19 Sept 2026KSH International Limited has submitted to the Exchange, schedule of multiple meetings with Analysts and Investors.
RoutineKey licenses/regulatory approvals (Sub-para 12-Para B)NSE · 10 Sept 2026 · Structured filingKSH INTERNATIONAL LIMITED has informed the Exchange about Key licenses/regulatory approvals (Sub-para 12-Para B)
KSH INTERNATIONAL LIMITED has informed the Exchange about Key licenses/regulatory approvals (Sub-para 12-Para B)
Open original XBRL sourceKSH International Limited has informed the Exchange about receipt of Consent to Operate (CTO) for Supa Facility.
RoutineKSH International Ltd - 544664 - Intimation Of Receipt Of Consent To Operate (CTO) For Supa Facility.BSE · 10 Sept 2026KSH International Limited has informed the Exchange regarding receipt of Consent to Operate (CTO) for Supa Facility.
MANAGEMENT COMMENTARY
Signals from filed documents
This expansion aligns with India’s `9.1 Trillion transmission capex plan to support a 43% renewable energy share by 2031-32. Capacity Expansion and Stronger Order Visibility Winding wire companies are likely to expand manufacturing capacities to meet growing transformer- sector demand, supported by strong order books of `700 Billion through 2026-27, higher utilisation levels and long-term visibility from power infras
This creates an emerging opportunity for standard winding wires designed for high-temperature, high-efficiency and space- constrained motor applications. Improved Utilisation, with Margin Risks Rising demand can improve capacity utilisation and operating leverage for winding wire companies. However, profitability will depend on copper and aluminium price pass-through, customer contracts, product mix and working-capit
Revenue from Operations Revenue from operations for 2025-26 stood at `31,070 Million, compared with `19,283 Million in 2024-25, representing a growth of 61.1%. Growth during the year was supported by higher sales volumes following the commissioning and ramp- up of the Supa facility, continued demand from transmission and distribution customers, higher contribution from specialized magnet winding wires, export growth
6 Increasing Wallet Share KSH’s diversified portfolio creates opportunities to supply specialised products across multiple divisions of existing OEM customers, deepening relationships and growing revenue per account.5 Rail and Metro Infrastructure Vande Bharat and metro expansion create steady demand for loco-traction transformer windings and related conductors. 4 Scale and Backward Integration The Supa facility enab
Additionally, during the year, we also entered into an exclusive licence agreement for India to manufacture and sell globally patented Extruded PEEK high- performance wires for EV traction motor applications. This strengthens our future-facing product pipeline and creates another potential market leadership advantage as EV platforms move towards higher-voltage, higher- efficiency motor technologies. The People behind
The Company’s customer approvals and transformer OEM relationships support its presence in the region, where demand is linked to grid investments, renewable integration and power infrastructure upgrades. Risk Mitigation Strategies KSH International Limited identifies several internal and external risks associated with its business and has implemented various strategies to mitigate them as detailed below: Risk Identif
EBITDA increased by 55.5% to `1,905 Million, while Profit After Tax rose by 61.98% to `1,101.26 Million. Sales volume increased to 28,168 MT from 23,324 MT in 2024-25, reflecting healthy demand across 109 Statutory ReportsCO FSAnnual Report 2025-26 domestic and export markets. EBITDA per ton improved significantly to `67,625, demonstrating the Company’s focus on value-added products and operational efficiencies.
Increase Wallet Share of Existing Customers KSH’s strongest commercial opportunity lies within its existing customer base. Long-standing OEM relationships, a high repeat-business rate and broad product approvals create a platform to supply more product categories, support customers across new projects, and grow revenue per relationship without the cost of new customer acquisition. Embed Sustainability and ESG In 2025
The Company’s specialised magnet winding wire segment continued to be its primary growth driver, contributing approximately 75% of total revenue. During the year, KSH benefited from increased demand from transformer manufacturers, expansion of export business, addition of new OEM customers and growing acceptance of its specialised products. The Company also strengthened its strategic position in the high-voltage tran
During the year under review, one instance of violation of the PIT Code by one of the employees of the Company was observed. The Employee was issued a warning letter to that effect, and an apology letter and undertaking was obtained from the employee to adhere to PIT Code going forward. Subsequently, it was placed before the Audit Committee, and accordingly, the instance was informed to the Stock Exchanges.
Intellectual property is protected through confidentiality clauses in employment contracts and registered trademarks. Quality and Compliance Risk Non-compliance with stringent customer, quality or regulatory requirements may lead to order cancellations, approval delays or licence- related issues. KSH is mitigating this risk through international quality certifications, including ISO and IATF, along with regular third
This development significantly strengthens KSH’s export position, enabling the Company to expand its global footprint across 24+ countries without pricing compromises. Key Megatrends Shaping Value Creation Regulatory and Policy Landscape Self-reliance Initiatives Government schemes such as ‘Make in India’ and Production-Linked Incentives (PLI) for high-efficiency solar modules, advanced chemistry cell batteries, and
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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