K E C International Ltd

About [ edit ]

KEC International is primarily engaged in Engineering, Procurement and Construction business (EPC) relating to infrastructure interalia products, projects and systems and related activities for power transmission, distribution, railway and other EPC businesses.

  • Market Cap 10,026 Cr.
  • Current Price 390
  • High / Low 486 / 188
  • Stock P/E 18.1
  • Book Value 131
  • Dividend Yield 0.87 %
  • ROCE 19.1 %
  • ROE 18.0 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • The company has delivered a poor sales growth of 9.01% over past five years.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,104 2,408 2,647 3,841 2,412 2,809 3,073 3,671 2,207 3,258 3,289 4,361
1,888 2,155 2,365 3,442 2,161 2,515 2,755 3,300 2,012 2,965 2,991 4,006
Operating Profit 216 253 281 399 251 294 319 371 195 293 299 355
OPM % 10% 11% 11% 10% 10% 10% 10% 10% 9% 9% 9% 8%
Other Income 12 3 5 11 3 4 2 3 7 7 4 12
Interest 65 77 86 85 80 82 81 65 66 67 66 63
Depreciation 30 30 31 26 37 35 37 39 39 37 38 38
Profit before tax 134 149 170 300 138 180 203 269 96 195 199 266
Tax % 35% 34% 34% 34% 36% 23% 29% 28% 27% 27% 27% 27%
Net Profit 87 98 112 199 89 139 145 193 71 143 145 194
EPS in Rs 3.38 3.80 4.37 7.73 3.45 5.41 5.64 7.50 2.75 5.54 5.64 7.56

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3,907 4,477 5,815 6,979 7,902 8,468 8,518 8,584 10,053 11,001 11,965 13,114
3,439 3,955 5,293 6,533 7,342 7,889 7,736 7,674 8,958 9,764 10,635 11,973
Operating Profit 469 522 522 447 560 579 781 911 1,095 1,236 1,330 1,141
OPM % 12% 12% 9% 6% 7% 7% 9% 11% 11% 11% 11% 9%
Other Income 8 -2 62 16 -1 146 10 14 22 32 11 30
Interest 157 163 211 260 333 376 368 332 318 398 403 263
Depreciation 27 41 48 56 71 88 132 130 110 117 147 153
Profit before tax 293 317 324 147 155 261 291 463 689 753 790 756
Tax % 35% 35% 35% 56% 57% 38% 49% 34% 33% 34% 28% 27%
Net Profit 190 206 209 65 67 161 148 305 460 496 566 553
EPS in Rs 7.69 8.00 8.14 2.53 2.60 6.26 5.75 11.86 17.91 19.28 22.00 21.50
Dividend Payout % 16% 15% 15% 20% 23% 14% 17% 14% 13% 14% 15% 19%
Compounded Sales Growth
10 Years:11%
5 Years:9%
3 Years:9%
TTM:10%
Compounded Profit Growth
10 Years:10%
5 Years:30%
3 Years:6%
TTM:-2%
Stock Price CAGR
10 Years:17%
5 Years:24%
3 Years:0%
1 Year:96%
Return on Equity
10 Years:17%
5 Years:21%
3 Years:20%
Last Year:18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
51 51 51 51 51 51 51 51 51 51 51 51
Reserves 736 895 1,056 1,096 1,140 1,278 1,239 1,535 1,946 2,384 2,746 3,308
Borrowings 787 1,420 1,239 1,669 2,130 2,214 3,221 2,106 1,766 1,839 2,519 1,984
1,826 2,459 3,204 3,418 4,069 4,183 4,362 5,023 6,749 7,389 7,538 8,704
Total Liabilities 3,398 4,825 5,551 6,235 7,390 7,727 8,874 8,715 10,512 11,663 12,855 14,048
679 1,083 1,131 1,321 1,352 1,259 1,198 1,149 1,112 1,182 1,352 1,398
CWIP 41 28 112 30 18 16 8 5 78 7 84 18
Investments 0 0 0 0 0 0 25 130 39 13 22 1
2,677 3,714 4,308 4,884 6,020 6,452 7,643 7,431 9,283 10,460 11,396 12,631
Total Assets 3,398 4,825 5,551 6,235 7,390 7,727 8,874 8,715 10,512 11,663 12,855 14,048

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
35 170 549 -87 -9 153 -75 1,662 660 199 87 845
-38 -475 -40 -122 -136 125 -7 -182 -4 -67 -113 -127
-68 396 -460 161 132 -216 -28 -1,379 -638 -150 3 -664
Net Cash Flow -71 90 49 -48 -14 62 -110 101 17 -18 -23 53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 33% 25% 21% 16% 16% 15% 16% 20% 27% 29% 25% 19%
Debtor Days 183 177 157 151 176 166 200 179 183 162 166 150
Inventory Turnover 8.53 7.87 8.27 9.35 9.28 9.50 10.11 11.20 10.21 8.68 8.02 7.05

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
51.00 51.17 51.28 51.35 51.35 51.59 51.59 51.66 51.66 51.82 51.82 51.82
11.67 9.75 7.64 6.61 6.74 7.55 7.59 8.70 8.79 9.67 9.84 10.75
19.24 20.98 23.90 24.52 26.29 27.14 27.83 27.46 27.78 26.88 26.04 25.57
18.09 18.10 17.17 17.52 15.62 13.72 12.99 12.18 11.77 11.64 12.31 11.87

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