KEC International Ltd

KEC International Ltd

₹ 507 4.45%
25 May 4:01 p.m.
About

KEC International is a global infrastructure EPC major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. It is the flagship Company of the RPG Group.[1]

Key Points

Part of RPG Group
The company is part of the RPG Group, one of India’s fastest-growing business conglomerates, with a turnover of US$5.2 billion. The group has diverse business interests spanning infrastructure, tyres, pharmaceuticals, information technology, speciality businesses, and emerging innovation-driven technology ventures. [1]

  • Market Cap 13,487 Cr.
  • Current Price 507
  • High / Low 947 / 466
  • Stock P/E 20.7
  • Book Value 231
  • Dividend Yield 1.08 %
  • ROCE 14.5 %
  • ROE 11.3 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 26.5%

Cons

  • Company has a low return on equity of 10.9% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
5,525 4,244 4,499 5,007 6,165 4,512 5,113 5,349 6,872 5,023 6,092 6,001 6,390
5,242 3,999 4,225 4,699 5,777 4,242 4,793 4,975 6,333 4,673 5,661 5,571 5,942
Operating Profit 283 244 274 308 388 270 320 374 539 350 430 430 448
OPM % 5% 6% 6% 6% 6% 6% 6% 7% 8% 7% 7% 7% 7%
6 3 16 26 8 43 7 1 20 5 5 -49 30
Interest 162 159 178 164 154 155 168 170 170 151 171 171 170
Depreciation 42 42 47 49 48 47 45 45 47 46 51 50 51
Profit before tax 86 47 66 121 193 112 113 160 342 159 213 160 258
Tax % 16% 9% 15% 20% 21% 22% 25% 19% 22% 21% 25% 20% 25%
72 42 56 97 152 88 85 130 268 125 161 127 193
EPS in Rs 2.81 1.65 2.17 3.77 5.90 3.41 3.21 4.87 10.08 4.68 6.04 4.79 7.24
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8,468 8,518 8,584 10,053 11,001 11,965 13,114 13,742 17,282 19,914 21,847 23,506
7,889 7,733 7,673 8,957 9,764 10,635 11,874 12,742 16,362 18,556 20,164 21,847
Operating Profit 579 785 911 1,095 1,237 1,330 1,240 1,001 920 1,359 1,683 1,659
OPM % 7% 9% 11% 11% 11% 11% 9% 7% 5% 7% 8% 7%
146 6 14 22 31 11 29 -31 59 50 68 -8
Interest 376 368 332 318 398 403 360 413 656 797 839 664
Depreciation 88 132 130 110 117 147 153 158 161 185 184 197
Profit before tax 261 291 463 689 753 790 756 399 161 426 727 789
Tax % 38% 49% 34% 33% 34% 28% 27% 17% -9% 19% 22% 23%
161 148 305 460 496 566 553 332 176 347 571 606
EPS in Rs 6.26 5.75 11.86 17.91 19.28 22.00 21.50 12.92 6.85 13.49 21.44 22.75
Dividend Payout % 14% 17% 14% 13% 14% 15% 19% 31% 44% 30% 26% 24%
Compounded Sales Growth
10 Years: 11%
5 Years: 12%
3 Years: 11%
TTM: 8%
Compounded Profit Growth
10 Years: 16%
5 Years: 3%
3 Years: 55%
TTM: 15%
Stock Price CAGR
10 Years: 14%
5 Years: 3%
3 Years: -1%
1 Year: -38%
Return on Equity
10 Years: 14%
5 Years: 10%
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 51 51 51 51 51 51 51 51 51 51 53 53
Reserves 1,278 1,239 1,535 1,946 2,384 2,746 3,308 3,569 3,720 4,044 5,294 6,106
2,214 3,221 2,106 1,766 1,839 2,519 2,066 3,065 3,383 3,961 3,957 5,378
4,183 4,362 5,023 6,749 7,389 7,538 8,566 9,613 10,117 10,975 12,859 13,621
Total Liabilities 7,727 8,874 8,715 10,512 11,663 12,855 13,992 16,298 17,271 19,031 22,164 25,158
1,259 1,198 1,149 1,112 1,182 1,352 1,398 1,538 1,583 1,628 1,647 1,773
CWIP 16 8 5 78 7 84 18 2 11 14 39 114
Investments 0 25 130 39 13 22 1 13 0 0 0 0
6,452 7,643 7,431 9,283 10,460 11,396 12,575 14,745 15,677 17,389 20,479 23,271
Total Assets 7,727 8,874 8,715 10,512 11,663 12,855 13,992 16,298 17,271 19,031 22,164 25,158

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
153 -75 1,662 660 199 87 840 -284 614 311 419 -414
125 -7 -182 -4 -67 -113 -134 -204 -139 -243 -46 -242
-216 -28 -1,379 -638 -150 3 -659 496 -401 -145 -32 511
Net Cash Flow 62 -110 101 17 -18 -23 47 8 74 -76 341 -145
Free Cash Flow 269 -99 1,595 524 90 -115 726 -425 451 78 270 -691
CFO/OP 47% 7% 194% 81% 40% 33% 85% 0% 90% 41% 16% -25%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 166 200 179 183 162 166 150 136 90 76 84 101
Inventory Days 38 32 35 45 43 51 54 65 59 53 41 50
Days Payable 266 248 278 331 324 327 395 420 433 401 380 351
Cash Conversion Cycle -62 -17 -64 -103 -119 -111 -191 -219 -284 -272 -255 -201
Working Capital Days 7 8 21 33 43 34 37 35 27 25 42 57
ROCE % 15% 16% 20% 27% 29% 25% 21% 14% 12% 16% 18% 14%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Order Book
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Order Intake
₹ Crore
Global Transmission Tower & Structures Manufacturing Capacity
MTPA
Power Cables Manufacturing Capacity
km per annum
Manufacturing Facilities
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.88% 51.88% 51.88% 51.88% 51.88% 50.10% 50.10% 50.10% 50.10% 50.10% 50.10% 50.10%
11.58% 11.25% 10.90% 12.45% 12.66% 13.60% 15.20% 15.42% 16.02% 15.92% 11.75% 9.84%
26.65% 27.16% 26.95% 25.84% 25.29% 26.33% 24.91% 24.18% 22.55% 22.54% 25.47% 26.86%
9.90% 9.73% 10.28% 9.83% 10.16% 9.97% 9.79% 10.29% 11.32% 11.43% 12.66% 13.18%
No. of Shareholders 98,6431,03,0191,16,2811,10,6181,25,2271,36,6271,37,8201,59,5401,73,9271,79,5251,91,2281,97,513

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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