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◆ConcernTier 1

KSH International LtdNSE:KSHINTL

Wires and Cables · ₹7,201 Cr market cap · covered for 1 quarter since Q4 2026

Current view Q4 2026

Makes special wire for grid transformers, the only Indian supplier for the top grade; profit-per-tonne rising fast in a power boom. Caution: very expensive stock, short record.

Latest exchange filings last 5 · 5 after Q4 2026

Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.

AI concall report · Q4 2026

The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.

✨ Read the report ↗

Growth Q4 2026

Metric This year vs lastYoY · vs Q4 2025 vs the quarter beforeQoQ, sequential · vs Q3 2026 3-year yearly average3Y CAGR · compounded 5-year yearly average5Y CAGR · compounded
Sales▲ +100.4%+24.4%+43.6%+45.9%
Operating profit▲ +60.0%+14.3%+54.3%+47.0%
EPS▲ +56.9%+48.3%−67.4%−42.4%
PAT▲ +94.4%+52.2%——

Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is PAT at +94.4%, which is ≥ 20% → Tier 1.

QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.

Multibagger potential Poor28/100

Earnings are shrinking, not growing. Profit per share fell 67% a year over the window measured. Nothing compounds from here until that turns, whatever the price does.

No forward view — earnings are not compounding, so there is nothing to project.

The Hope Tradebuyers paying more for earnings that are not growing⚠ inflection
Is it cheap right now?earnings are not growing — a low multiple here is not a discount 0/25
Has the market paid for this growth yet?ΔMultiple ×4.41 a year (×4.41 over the year) — already re-rated 0/15
Is the growth real, or flattered?EPS fell year-on-year; QoQ holding 10/30
What does it earn on its own money?earns 15% on its own book — fair 5/10
Is the price trend agreeing?above 40W, below the shorter EMAs 13/20
Price vs its book value 8.3×P/B — ₹119 of book value per share
Price over the last year ×1.44earnings ×0.33, price-tag ×4.41

Multiple moved without the earnings — the return sits in sentiment.

How this is calculated

Band capped: earnings are not growing over the measured window.

Growth rate used: -67.4% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 57%. Price move is a proxy (distance from the 40-week EMA) until ret1y is stored.

How it compares with its rivals Wires and Cables · 6 of 22 listed

It earns 21% on its capital, fourth of 6, and it is the most expensive of those shown.

Company PriceP/ESizeROCE Profitlast qtr Saleslast qtr
KSH Internationa ₹1,044 54.0× ₹7,075 Cr 21.5% +86.2% +108.4%
Polycab India ₹8,321 43.8× ₹1.25 L Cr 33.2% +32.5% +39.0%
KEI Industries ₹4,569 43.8× ₹43,683 Cr 20.1% +40.0% +23.0%
R R Kabel ₹2,423 44.8× ₹27,407 Cr 28.1% +117.3% +53.9%
Finolex Cables ₹1,402 26.8× ₹21,447 Cr 16.0% +53.1% +44.3%
V-Marc India ₹345 43.2× ₹5,058 Cr 41.4% +163.6% +102.4%

Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.

Business quality to Jun 2026

Are the margins widening? broadly flat operating margin 6% → 6% over 21 months
Did the profit turn into cash? very little of it arrived as cash -17% last year, -5% over three · free cash flow −₹228 cr, positive in 1 of 5 years
Is the growth borrowed? lightly borrowed ₹321 cr — 0.40× its own equity (was 1.23×)
Is it being collected? collection is steady 39 days to collect, down 3 in a year · cash cycle 80 days
Who has been buying? promoter stake unchanged on record promoters 74.6% · FIIs 5.7% · DIIs 10.9%
What does it earn on its capital? earns a high return on the capital it employs ROCE 21.5% · ROE 20.1%

Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.

Screener's own checklist not mine, not the score

In its favour

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 50.3% CAGR over last 5 years

Against it

  • Stock is trading at 8.75 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.