KSH International Limited share price

NSE: KSHINTL · ISIN INE987S01020

Key numbers

Market cap
₹ 7,016 Cr
Current price
₹ 1,035.50
52-week high / low
₹ 1,198 / 330
Stock P/E
54.0
Book value
₹ 119.4
Dividend yield
0.00%
ROCE
20.9%
ROE
19.9%
Debt to equity
0.40
Sales growth (3 yrs)
44.2%
Profit growth (3 yrs)
60.6%
1-year return
-

About KSH International Limited

KSH International Limited manufactures magnet winding wires in India. The company offers round enamelled, paper insulated rectangular, rectangular enamelled, and wrapped rectangular copper/aluminum magnet winding wires, as well as transposed conductors and bunched paper insulated copper magnet winding wires under the brand name of KSH. Its products are components of transformers, motors, alternators, hermetic motors, and generators for use in industries, such as power, renewables, industrials, railways, data centers, industrial motors, automotives, home appliances, and refrigeration and air conditioning. The company was formerly known as KSH International Private Limited and changed its name to KSH International Limited in 2025. The company was incorporated in 1979 and is headquartered in Pune, India.

Quarterly results

Consolidated figures in ₹ crores

Mar 2025Jun 2025Dec 2025Mar 2026Jun 2026
Sales5085598181,0181,164
Operating profit3540495674
Net profit1823233542
EPS (₹)2.723.354.005.106.23

Concall summary (2026-08-14)

AI summary of the earnings call transcript · tone: Positive · source document

Guidance & outlook

  • Looking at our export performance in Q1 of FY27, our export revenue increased 76% year-over-year and 12% higher than Q4 of FY26.
  • Number three, an increase in the consolidation -- consolidated utilization rates to 73.5% in Q1 of FY27 versus 70% in Q4 of FY26 on a larger installed base.

Growth & demand

  • Specialized wire revenue overall grew at record 113% year-over-year compared to 62% growth in FY26.
  • Standard wire revenue grew at a robust 83% year-over-year rate during Q1, similar to the 80% growth in Q4.

Margins & costs

  • With capacity unchanged, consolidated company utilization improved to about 73.5% in Q1, up from 70% in Q4 of FY26.
  • Moving now to our EBITDA per ton performance, in Q1 of FY27, we reported EBITDA per ton of approximately INR93,000 per metric ton, up from roughly INR74,000 in Q4 and INR66,000 a year ago.

Capex & expansion

  • Our installed capacity at June 30th, 2026 was 43,445 metric tons and once phase two of our Super expansion is complete by the end of this year, this financial year, we would have an installed capacity of roughly 59,000 metric tons, making us the second largest winding wire manufacturer in India.
  • To secure a long-term capacity, and the second, being to secure a long-term capacity expansion requirements, our board last night authorized management to evaluate acquiring an additional 10 acres of land within Supa MIDC for its long-term expansion requirements.

Balance sheet & cash

  • Lastly, I want to touch upon our working capital management efforts given it is a key focus area of improvement for us and will take us closer to our goal of ultimately being cash flow positive despite the hyper-growth environment we face.
  • After showing a five-day average working capital day improvement in Q4, we were able to improve it by another five days in Q1 during Q1, resulting in an average working capital days of 60 days during the quarter compared to 71 days a year ago.

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