KSB Ltd., a mid-sized firm, closed on Thursday with a market valuation of 7,806.88 crores. KSB specializes in monoblock and mini monoblock pumps, hydro pneumatic systems, control valves, industrial gate, globe and check valves as well as centrifugal and suction pumps, high-pressure multistage pumps and submersible motor pumps. KSB Group, comprising of 4 Zonal Offices, 16 Branch Offices, 800+ Authorized Dealers, 4 Service Stations, 200+ Authorized Service Centers and 21 Warehouses, is one of the top providers of high quality Pumps & Valves.
The company said in a stock exchange filing that, the board of directors has recommended payment of a dividend of Rs 15.00 (150%) per equity share on 3,48,07,844 equity shares (face value INR 10 each fully paid up ) ) for the financial year ending 31st December, 2022 and shall be payable subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company.”
The Annual General Meeting of the Company will be held on Thursday, the 11th May, 2023 and for this purpose the register of members and share transfer books of the Company shall remain closed from April 30, 2023 to May 11, 2023 (both days inclusive). As per KSB Ltd Annual General Meeting and payment of dividend to be declared. As per the data available on BSE, KSB has fixed 11/05/2023 as the record date and 28th April 2023 as the ex-date for the purpose. of dividend.
For the financial year ending December 2022, KSB has declared an equity dividend of 150.00% on face value 10, or 15 per share. It generates a dividend yield at the current share price of Rs. 2242.85 0.67%. The company has a solid track record of dividend declarations during the last five years. According to Trendline data, KSB Ltd has issued 37 dividends since December 12, 2000. KSB Limited declared an Equity Dividend Value 12.50 per share in the last 12 months. It generates dividend yield at the current share price of 2242.85 0.56%.
Shares of KSB Limited closed on BSE on Thursday 2242.85 each level, up 0.94% from previous close 2221.95. The stock touched a 52-week high 2,278.95 (10/04/2023) and 52-week low 1,183.65 on (12/05/2022). During Q3FY23, the company recorded promoter holding at 66.69%, FII holding at 3.23%, DII holding at 10.85% and public holding at 19.21%. As per Trendline data, promoters holding in KSB remains unchanged at 66.69% in Dec 2022 quarter, FII/FPI holding increased from 3.17% in Sep 2022 quarter to 3.23% in Dec 2022 quarter, The number of FPI investors fell from the previous quarter. 105 to 104, the share of mutual funds decreased from 8.08% to 8.05% and the share of institutional investors increased from 13.94% in Q2FY23 to 14.08% in Q3FY23.
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