After declaring highest ever dividend earlier this year in 2024, small cap company from the industry of compressors, pumps, KSB Ltd informed today about the upcoming meeting scheduled to be held on April 26, 2024. The Board of Directors will consider stock split/sub-division of shares apart from considering and approving financial results. Last trading price of KSB Ltd share on BSE is Rs 3972.40 per share. KSB Ltd offered multibagger returns to shareholders in last few years. KSB’s market capitalisation is Rs 13,827.07 crore. KSB gave attractive return of over 200% in last 2-years. Check details below:
KSB Shares Performance & Return: 52-week high price of KSB Ltd shares is quoted at Rs 4211.20 per share and 52-week low price is quoted at Rs 2014.65 per share. KSB Ltd shares gave return of 32% in 6-months time, zoomed nearly 78% in 1-year, and gave return of 200% in 2-years. In 3-years, KSB stock surged 341% and the scrip offered whopping 478% return in 5-years. KSB shares offered great rally of 1113% in 10-years almost multiplying investors wealth.
KSB Ltd To Mull Stock Split On April 26: The company issued a BSE filing post market hours on April 8 saying, “We wish to inform you that the Board of Directors of the Company will meet on Friday, 26th April, 2024, inter alia, to consider and approve the following:
- To consider and take on record the Unaudited Financial Results for the quarter ended on 31st March, 2024;
- To consider and approve the proposal of sub-division/split of Equity Shares of the Company, in such manner as may be determined by the Board of Directors along with other allied matters subject to approval of the Shareholders and other necessary approvals.”
KSB Maintains Attractive Dividend History: The small cap company declared 37 dividends since December 12, 2000. In last 12 months, it declared an equity dividend of Rs 15.00 per share. At the current share price of Rs 3972.40, KSB offers a dividend yield of 0.38%, according to Trendlyne.
KSB Dividend In 2024: KSB announced its highest dividend in 2024 after 23 years. As per the exchange filing of the company issued on February 28, 2024, “The recommendation of payment of Final Dividend of INR 17.5 (175%) per equity share on 3,48,07,844 equity shares (Face Value INR 10 each fully paid up) for the financial year ended on 31st December, 2023.”
Back To Back Order Wins: Earlier this year on March 16 KSB secured LOA (letter of award) under PM-KUSUM III scheme under component B of INR 63.22 crores for 2500 solar water pumping systems from Maharashtra Energy Development Agency. It also received huge orders of approximately Rs 267 crores for supply of Pumps for Kundankulam site, Tamil Nadu state, India.
About: KSB Limited came into existence in 1960. It is headquartered in Pune. KSB serves needs of the new and emerging India. It has invested in world class facilities and technologies where we produce centrifugal pumps and industrial valves and distribute across the Indian sub-continent. As per the official website.