K E C International Ltd
KEC International Ltd 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.[1]
The company is a part of RPG group which is a diversified conglomerate with interests in areas of infrastructure, tyres, information technology, pharmaceuticals, energy and plantations.[2] The group is headed by Harsh Goenka.[3]
- Market Cap ₹ 17,848 Cr.
- Current Price ₹ 694
- High / Low ₹ 770 / 444
- Stock P/E 66.8
- Book Value ₹ 150
- Dividend Yield 0.43 %
- ROCE 11.8 %
- ROE 4.74 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 31.1%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.4% over past five years.
- Company has a low return on equity of 10.5% 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.
Peer comparison
Sector: Capital Goods - Electrical Equipment Industry: Transmisson Line Towers / Equipment
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
5,815 | 6,979 | 7,902 | 8,468 | 8,518 | 8,584 | 10,053 | 11,001 | 11,965 | 13,114 | 13,742 | 17,282 | 19,274 | |
5,292 | 6,533 | 7,339 | 7,889 | 7,733 | 7,673 | 8,957 | 9,764 | 10,635 | 11,874 | 12,742 | 16,334 | 18,164 | |
Operating Profit | 523 | 447 | 563 | 579 | 785 | 911 | 1,095 | 1,237 | 1,330 | 1,240 | 1,001 | 948 | 1,110 |
OPM % | 9% | 6% | 7% | 7% | 9% | 11% | 11% | 11% | 11% | 9% | 7% | 5% | 6% |
61 | 16 | -4 | 146 | 6 | 14 | 22 | 31 | 11 | 29 | -31 | 30 | 50 | |
Interest | 211 | 260 | 333 | 376 | 368 | 332 | 318 | 398 | 403 | 360 | 413 | 656 | 662 |
Depreciation | 48 | 56 | 71 | 88 | 132 | 130 | 110 | 117 | 147 | 153 | 158 | 161 | 179 |
Profit before tax | 324 | 147 | 155 | 261 | 291 | 463 | 689 | 753 | 790 | 756 | 399 | 161 | 319 |
Tax % | 35% | 56% | 57% | 38% | 49% | 34% | 33% | 34% | 28% | 27% | 17% | -9% | |
209 | 65 | 67 | 161 | 148 | 305 | 460 | 496 | 566 | 553 | 332 | 176 | 267 | |
EPS in Rs | 8.14 | 2.53 | 2.60 | 6.26 | 5.75 | 11.86 | 17.91 | 19.28 | 22.00 | 21.50 | 12.92 | 6.85 | 10.40 |
Dividend Payout % | 15% | 20% | 23% | 14% | 17% | 14% | 13% | 14% | 15% | 19% | 31% | 44% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 13% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | -18% |
3 Years: | -32% |
TTM: | 24% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 18% |
3 Years: | 20% |
1 Year: | 54% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 10% |
Last Year: | 5% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 | 51 |
Reserves | 1,056 | 1,096 | 1,140 | 1,278 | 1,239 | 1,535 | 1,946 | 2,384 | 2,746 | 3,308 | 3,569 | 3,720 | 3,793 |
1,239 | 1,669 | 2,130 | 2,214 | 3,221 | 2,106 | 1,766 | 1,839 | 2,519 | 2,066 | 3,065 | 3,383 | 4,912 | |
3,204 | 3,418 | 4,069 | 4,183 | 4,362 | 5,023 | 6,749 | 7,389 | 7,538 | 8,566 | 9,613 | 11,507 | 10,782 | |
Total Liabilities | 5,551 | 6,235 | 7,390 | 7,727 | 8,874 | 8,715 | 10,512 | 11,663 | 12,855 | 13,992 | 16,298 | 18,661 | 19,538 |
1,131 | 1,321 | 1,352 | 1,259 | 1,198 | 1,149 | 1,112 | 1,182 | 1,352 | 1,398 | 1,538 | 1,583 | 1,650 | |
CWIP | 112 | 30 | 18 | 16 | 8 | 5 | 78 | 7 | 84 | 18 | 2 | 11 | 13 |
Investments | 0 | 0 | 0 | 0 | 25 | 130 | 39 | 13 | 22 | 1 | 13 | 0 | 0 |
4,308 | 4,884 | 6,020 | 6,452 | 7,643 | 7,431 | 9,283 | 10,460 | 11,396 | 12,575 | 14,745 | 17,067 | 17,875 | |
Total Assets | 5,551 | 6,235 | 7,390 | 7,727 | 8,874 | 8,715 | 10,512 | 11,663 | 12,855 | 13,992 | 16,298 | 18,661 | 19,538 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
549 | -87 | -9 | 153 | -75 | 1,662 | 660 | 199 | 87 | 840 | -284 | 607 | |
-40 | -122 | -136 | 125 | -7 | -182 | -4 | -67 | -113 | -134 | -204 | -132 | |
-460 | 161 | 132 | -216 | -28 | -1,379 | -638 | -150 | 3 | -659 | 496 | -401 | |
Net Cash Flow | 49 | -48 | -14 | 62 | -110 | 101 | 17 | -18 | -23 | 47 | 8 | 74 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 157 | 151 | 176 | 166 | 200 | 179 | 183 | 162 | 166 | 150 | 136 | 146 |
Inventory Days | 51 | 38 | 45 | 38 | 32 | 35 | 45 | 43 | 51 | 54 | 65 | 59 |
Days Payable | 253 | 235 | 286 | 266 | 248 | 278 | 331 | 324 | 327 | 395 | 420 | 433 |
Cash Conversion Cycle | -45 | -46 | -65 | -62 | -17 | -64 | -103 | -119 | -111 | -191 | -219 | -229 |
Working Capital Days | 42 | 49 | 57 | 63 | 112 | 74 | 66 | 82 | 93 | 86 | 101 | 84 |
ROCE % | 21% | 16% | 16% | 15% | 16% | 20% | 27% | 29% | 25% | 21% | 14% | 12% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
- Closure of Trading Window 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 2d
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Announcement under Regulation 30 (LODR)-Change in Directorate
2d - Company has approved the appointment of Ms. Neera Saggi (DIN: 00501029) as an Additional Director (Non-Executive, Independent) based on the recommendation of the Nomination and …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Mar - Copy of the press release with respect to new orders of Rs. 1,004 Crores secured by the Company. All the orders mentioned in the enclosed …
Annual reports
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Financial Year 2023
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Order Book
As of June 21, the company has an order book of 250+ projects[1] worth ~25,000 crores.[2]
In April 20, the company's order book consisted of ~54% of Transmission & distribution projects, followed by Railways (~30%), civil (~13%), cables (~2%) and others (1%).[3]