KSB shares jump over 9% after pump maker secures ₹118 crore export order from Dangote Projects

Industrial-grade pump manufacturer KSB Limited shares surged more than 9% after the opening bell on Wednesday, September 30, as investors reacted to the company securing a ₹118 crore order from Dangote Projects Free Zone Enterprise, a Dangote Group entity based in Nigeria.

In an exchange filing, KSB disclosed that the company received a significant export order from Dangote Projects Free Zone Enterprise for the supply of a boiler feed pump package to the Nigerian entity.

NSE data showed that KSB shares rallied 9.11% to touch an intraday high of ₹900 apiece on Wednesday’s market, in comparison to ₹824.80 apiece at the previous equity market close.

Trading volumes surpassed 3.5 million equity shares across NSE and BSE combined, triggering the high-volume gain during the morning market hours on September 30. After touching the day’s high, the company’s stock retracted its gains yet was trading around 5% higher at around ₹866.95 per share.

KSB shares were reacting on Wednesday’s market as the company disclosed the order book update after market operating hours on September 29.

Order details

As per the order details, KSB will export around 18 boiler feed pump packages to Dangote Projects Free Zone Enterprise, worth $12,400,051 or $12.4 million, which is approximately ₹118 crore.

“The order reinforces KSB's strong capabilities in delivering high-efficiency, engineered pumping solutions for critical process applications and further strengthens its presence in the international fertiliser and energy sectors,” KSB said in its exchange filing.

Earlier this week, KSB also informed investors that the trading window for key managerial personnel will be closed from October 1, 2026, up to 48 hours after the quarterly results announcement as the company prepares for the upcoming Q2 earnings.

Management focus

Sharing guidance for H2 FY27, KSB’s management said that the second half of the financial year is estimated to be better than the first half, as the company expects the export disruptions to ease and the supply chain dynamics to stabilise.

The company aims to achieve double-digit growth in the financial year 2026-27.

KSB’s managing director, in the company’s earnings call, said that volumes are expected to grow in the range of 10-15%, with a key focus on covering up what the pump maker lost in the first half of the year.

How have KSB shares performed?

NSE data showed that KSB shares have delivered more than 254% returns to investors in the last five years, nearly 45% gains in the last three years, and more than 5% returns on their investments in the past one-year period.

On a year-to-date (YTD) basis, the company’s stock has risen more than 16% so far this year and has given over 7.3% returns on investment in the last one-month period. As per the exchange data, KSB’s stock was trading 5.2% higher over the last five trading sessions on NSE.

The stock surged to hit its 52-week high level of ₹1,028.30 on April 28, 2026, while the 52-week low was at ₹666.65 on January 27, 2026.

The industrial-grade pump manufacturer’s market capitalisation (m-cap) was at ₹15,110 crore as of the trading session on Wednesday, September 30, 2026.