Kuzey Boru A.S.

Kuzey Boru A.S.

BBIST:KBORU
8.70
TRY
-0.22
(-2.47%)
0.47EPS
56.44P/E
16.08BMarket Cap
Kuzey Boru A.S.
BIST:KBORU
(Istanbul Exchange)

Recent

price

8.70

P/E

ratio

56.44

div

yld

0.44%

ROIC.AI

2020
2021
2022
2023
2024
2025
TTM
TRY
0.18
0.38
2.47
6.16
8.63
8.81
11.54
Revenue per Share
- -
0.01
0.34
0.66
1.41
1.07
0.47
Basic EPS, GAAP
0.04
-0.02
-0.27
-0.42
-3.48
-3.2
-2.43
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.14
0.27
0.04
Dividend per Share
0.03
0.2
0.97
4.03
6.59
7.41
9.46
Book Value per Share
0.03
0.2
0.96
4.02
6.59
7.38
9.42
Tangible Book Value per Share
600
600
600
480
600
600
600
Basic Weighted Avg Shares
106
226
1,479
2,954
5,177
5,287
6,922
Sales/Revenue/Turnover
8.44
7.1
14.05
21.58
7.68
11.41
9.55
Operating Margin (%)
1
2
33
57
137
223
284
Depreciation Expense
2
6
202
317
849
644
285
Net Income, GAAP
22.33
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.31
2.54
13.66
10.71
16.4
12.17
4.12
Profit Margin (%)
5
-18
27
1,149
1,643
2,947
3,505
Working Capital
28
26
63
105
731
1,648
2,106
LT Debt
19
117
579
2,416
3,957
4,447
5,678
Total Equity
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
8.46
58
21.13
26.64
15.32
5.84
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,922
2,666
2,971
LT Borrowings
645
759
650
LT Finance Leases
1,003
914
1,456
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
600
600
600
Market Capitalization
8,700
11,022
16,080

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
6,531
8,436
8,945
Cash, Cash Equivalents & STI
290
957
381
Accounts Receivable, Net
2,662
2,776
2,811
Inventories
3,220
3,710
3,747
Total Current Liabilities
3,584
6,470
5,440
Payables & Accruals
- -
- -
- -
ST Debt
1,922
2,666
2,971
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
262.16%
12.4%
Free Cash Flow
- -
487.78%
-8%
Net Income, GAAP
- -
748.77%
-24.17%
Sales/Revenue/Turnover
- -
168.62%
2.14%
Total Cash Common Dividend
- -
- -
92.54%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,337
1,305
1,473
654
5,177
2025
1,446
1,664
1,120
1,554
5,287
2026
2,044
2,203
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.37
0.38
0.06
0.4
1.41
2025
0.45
0.75
0.02
0.04
1.07
2026
0.38
0.02
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.14
2025
- -
- -
- -
0.04
0.27
2026
- -
- -
- -
- -
- -
Business
Kuzey Boru A.S. is a Turkey-based industrial manufacturing company engaged in the engineering, production, and distribution of plastic pipe systems, fittings, and advanced piping infrastructure solutions for municipal water management, agricultural irrigation, telecommunications, energy, and construction sectors. Founded in 2001 and headquartered in Aksaray, Turkey, the company provides a comprehensive portfolio of piping technologies categorized into distinct operating divisions. Its core product and service offerings comprise infrastructure piping systems, including High-Density Polyethylene (HDPE 100) pressurized potable water pipes, corrugated sewage and drainage pipes, spiral-wound HDPE storm pipes, Glass Fiber Reinforced Polyester (GRP/CTP) pipes, and electrofusion, butt-fusion, and mechanical fittings; agricultural and irrigation solutions, including drip irrigation tubing, impact sprinkler systems, PE layflat hoses, and micro-irrigation components; telecommunication and power distribution conduits, including microduct fiber optic conduits, multi-duct systems, sub-duct cable protection pipes, and electrical utility conduits; superstructure and building installations, including Polypropylene Random Copolymer (PP-R and PP-RCT) hot and cold water pipes, PVC-U waste water pipes, and sound-insulated drainage pipe systems; alongside turnkey engineering consulting, pipeline design, project sizing, laboratory testing, and on-site electrofusion welding supervision services. The company markets its products to municipal sewerage and water administrations, civil infrastructure contractors, telecommunication operators, agricultural enterprises, and industrial clients, serving the domestic Turkish market and exporting to over 80 countries across Europe, the Middle East, Central Asia, Africa, and the Americas. In recent corporate and operational developments, Kuzey Boru completed its initial public offering on Borsa Istanbul under the ticker symbol KBORU to finance strategic expansion projects. Following its public listing, the company has executed major capital expenditures, notably commissioning a new continuous Glass Fiber Reinforced Polyester (GRP/CTP) pipe manufacturing facility in Malatya, expanding its microduct and large-diameter HDPE production capacities at its primary Aksaray manufacturing campus, securing large-scale domestic and international public infrastructure supply contracts, and integrating rooftop solar photovoltaic power generation systems across its production facilities to achieve energy efficiency and operational sustainability.