KSHINTL

KSH International share price & financials

Price
₹864.75
Market cap
₹7.0k Cr
Sector
Capital Goods
Calls analysed
4
Latest concall · Q1 FY27 · call held 11 Aug 2026

KSH International Limited Q1 FY27

Revenue ₹1,164 cr +108%EBITDA ₹74.4 cr +85%PAT ₹42.2 cr +86%

What went well

  • Revenue from operations grew 108% YoY to INR1,164 crores in Q1 FY27.
  • EBITDA per ton reached INR93,000, up from INR66,000 YoY and INR74,000 QoQ.
  • PAT increased 86% YoY to INR42.2 crores.

What to watch

  • Some transformer OEM customers delayed picking up orders by a few weeks.
  • Phase 2 capacity expansion will bring additional higher costs.
Read the full call →

What KSH International Limited does

KSH International manufactures enamelled copper and aluminium magnet winding wires, including Continuously Transposed Conductors (CTC), used in power and HVDC transformers, traction motors, EVs, industrial motors and home-appliance compressors. It sells to OEMs such as Hitachi Energy, CG Power, BHEL, GE Vernova, Siemens Energy, Bharat Bijlee, Nidec and Suzlon, and is an approved supplier to Power Grid, NTPC, NPCIL and RDSO. Revenue is structured as a copper pass-through plus a fixed per-ton value-addition, and the company also exports finished wire to customers across the Middle East, Europe and the USA.

Segments

  • Specialized Magnet Winding Wires
  • Standard Magnet Winding Wires
Manufacturing plants
4 (Taloja, 2 at Chakan, Supa)
Installed manufacturing capacity
43,445 MTPA (as of Mar 31, 2026)
Domestic and global OEM customers
120+
Export countries
24+
Operating track record
45+ years
Rooftop solar power capacity
4 MW (Supa facility)
Company website

Guidance record · Q1 FY27

what the last two calls moved 17 tracked 5 delivered 1 missed 11 open
  • EBITDA per metric ton delivered said Q2 FY26 Promised: maintain these kind of EBITDA per ton figures now (referencing ~65,500) Q1 FY27: Achieved INR 93,000 in Q1 FY27, significantly exceeding the original target of ~INR 65,500.
  • PEEK Insulated Wires Capacity Online went quiet said Q4 FY26 Promised: See, PEEK is a new product which we are going to introduce, and sometime end of Q2 is this capacity is coming online. Q1 FY27: No update provided on the PEEK insulated wires capacity, which was previously guided to come online by the end of Q2 FY27.
  • Share of Exports in Revenue at risk said Q4 FY26 Promised: Our endeavor is to take it back up to about 40% over the next couple of years, and that's what we are going to be working on actively as well. Q1 FY27: Export share decreased to 27% from ~30% in FY26. While management reiterated the long-term 40% target, the current quarter's performance is a step backward.

All 17 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 108.2%, net profit up 82.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue472 516 508 559 712 +51%818 +59%1,018 +100%1,164 +108%
EBITDA26 40 35 40 46 +77%49 +23%56 +60%74 +85%
Net profit13 26 18 23 30 +131%23 −12%35 +94%42 +83%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance +231.4% YTD

₹0.4k₹0.6k₹0.8k₹1.0k₹1.2kJanFebMarAprMayJunJulAugSeptQ2 FY26 — 6 Jan 2026Q3 FY26 — 9 Feb 2026Q4 FY26 — 29 May 2026Q1 FY27 — 11 Aug 2026

YTD: ₹353.3 on 1 Jan 2026 → ₹1,170.9. High ₹1,176.75 (8 Sept 2026), low ₹331.9 (13 Jan 2026).

How the price took the results

close before → close after

Q1 FY27
+9.8%
11 Aug
Q4 FY26
+2.5%
30 May
Q3 FY26
−2.9%
9 Feb
Q2 FY26
+3.4%
6 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Year endingFY26
Revenue₹3.1k Cr
Operating profit₹191 Cr
Operating margin6.1%
Interest₹43 Cr
Depreciation₹22 Cr
Net profit₹111 Cr
Net margin3.6%
Cash from operations₹-65 Cr
Free cash flow₹-228 Cr
ROCE21.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹6 Cr₹6 Cr₹6 Cr₹6 Cr₹28 Cr₹34 Cr
Reserves₹136 Cr₹165 Cr₹188 Cr₹225 Cr₹322 Cr₹774 Cr
Borrowings₹86 Cr₹146 Cr₹129 Cr₹214 Cr₹489 Cr₹321 Cr
Other liabilities₹47 Cr₹52 Cr₹36 Cr₹38 Cr₹98 Cr₹193 Cr
Total liabilities₹274 Cr₹369 Cr₹359 Cr₹483 Cr₹938 Cr₹1.3k Cr
Fixed assets₹87 Cr₹88 Cr₹107 Cr₹140 Cr₹290 Cr₹313 Cr
Capital work in progress₹1 Cr₹11 Cr₹9 Cr₹7 Cr₹1 Cr₹52 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹186 Cr₹270 Cr₹242 Cr₹336 Cr₹647 Cr₹958 Cr
Total assets₹274 Cr₹369 Cr₹359 Cr₹483 Cr₹938 Cr₹1.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Dec 2025, DIIs trimmed −2.22 pp while FIIs added +1.99 pp. The shareholder count shrank 47% to 43,075.

Promoters
74.6%
FIIs
5.7%
DIIs
10.9%
Public
8.8%

Since Dec 2025

  • DIIs −2.22 pp
  • FIIs +1.99 pp
  • Public +0.23 pp

How it drifted, 3 quarters

Over this window DIIs fell from 13.1% to 10.9% — −2.2 pp.

Dec '25Mar '26Jun '26

Ownership split by quarter, oldest first. Dec '25: Promoters 74.6%, FIIs 3.7%, DIIs 13.1%, Public 8.6%.Mar '26: Promoters 74.6%, FIIs 5.0%, DIIs 13.9%, Public 6.5%.Jun '26: Promoters 74.6%, FIIs 5.7%, DIIs 10.9%, Public 8.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 3 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of KSH International Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Kushal Subbayya Hegde 35.23%unchanged
Rajesh Hegde 14.80%unchanged
Rohit K Hegde 14.80%unchanged
Pushpa Kushal Hegde 9.75%unchanged
Kotak Mahindra Trustee Co Ltd A/C Kotak Multi Asset Allocation Fund Mutual fund3.73%−1.61 pp
Malabar India Fund Limited FPI fund2.45%unchanged
LIC Mf Manufacturing Fund Mutual fund1.48%−1.33 pp
HSBC Mutual Fund - HSBC Small Cap Fund Mutual fund1.22%newly disclosed
HDFC Mutual Fund - HDFC Manufacturing Fund Mutual fund1.18%−0.38 pp
Waterloo Industrial Park V Private Limited 0.00%unchanged
Waterloo Industrial Park VIII Private Limited 0.00%unchanged
Waterloo Industrial Park IX Private Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in KSHINTL

Filings to Jul 2026

0 new, 0 added, 0 trimmed, 0 sold out — net +0.00 L shares (+0.0%).

Held by funds
₹67 Cr
1 schemes
Biggest holder
HDFC Manufacturing Fund
₹67 Cr · 0.6% of that fund
SchemeHoldingLast month
HDFC Manufacturing Fund HDFC Mutual Fund₹67 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Jul 2026

0 added, 0 trimmed — net 0 shares (+0.0%)

Funds are sitting on
+142%
vs est. average cost
Held by funds
₹67 Cr
1 schemes · ≈ 0.99% of the company

Shares held by these funds −23%

Dec '25 8.00 L shares Jul '26

What the price assumes

Growth the price implies
36.2% a year
for 7 years, fading to 4%
It has actually compounded at
Not enough history
The gap
—
between what it did and what it must do
Price today ₹1,170.9

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse KSH International Limited

Guides on how to read this kind of business and the numbers that matter.