KEI Industries Ltd

KEI Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

KEI Industries Ltd

₹ 2,110 -1.01%
09 Jun 12:20 p.m.
kei-ind.com BSE: 517569 NSE : KEI
About

KEI Industries Ltd was established in 1968 as a partnership firm under the name Krishna Electrical Industries. [1]. It manufactures cables and wires, with a product portfolio ranging from housing wires to Extra High Voltage (EHV) cables, and further diversifying into the Engineering, Procurement, and Construction (EPC) services for power and transmission projects. [2]

Key Points

Milestones
It has a 5.2% market share in the total cables and wires industry and 7.3% in the organized cables and wires industry in FY 2018-19. [1]

Website BSE NSE
  • Market Cap ₹ 19,031 Cr.
  • Current Price ₹ 2,110
  • High / Low ₹ 2,183 / 1,107
  • Stock P/E 39.8
  • Book Value ₹ 287
  • Dividend Yield 0.14 %
  • ROCE 25.8 %
  • ROE 20.2 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.0% CAGR over last 5 years
  • Debtor days have improved from 93.3 to 73.3 days.

Cons

  • Stock is trading at 7.32 times its book value
  • Promoter holding has decreased over last 3 years: -3.29%

* 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: Cables Industry: Cables - Power

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,259 745 1,037 1,153 1,246 1,018 1,353 1,564 1,792 1,565 1,608 1,784 1,955
1,138 669 919 1,029 1,109 904 1,207 1,407 1,620 1,406 1,447 1,602 1,751
Operating Profit 121 76 118 124 137 114 146 157 172 160 161 182 204
OPM % 10% 10% 11% 11% 11% 11% 11% 10% 10% 10% 10% 10% 10%
2 9 4 5 2 3 3 2 8 4 5 14 5
Interest 28 17 15 13 13 11 10 9 10 9 8 8 10
Depreciation 14 15 14 15 15 14 14 14 14 14 14 14 14
Profit before tax 82 54 93 101 113 91 125 136 156 140 144 174 184
Tax % 25% 27% 27% 25% 24% 26% 26% 25% 26% 26% 26% 26% 25%
Net Profit 61 39 68 76 86 67 92 101 116 104 107 129 138
EPS in Rs 6.80 4.38 7.55 8.45 9.56 7.45 10.21 11.24 12.86 11.52 11.85 14.26 15.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,706 1,658 1,619 2,031 2,326 2,628 3,459 4,227 4,884 4,181 5,727 6,912
1,556 1,488 1,466 1,838 2,083 2,359 3,120 3,785 4,388 3,726 5,138 6,206
Operating Profit 150 171 153 193 242 269 339 442 496 456 589 706
OPM % 9% 10% 9% 10% 10% 10% 10% 10% 10% 11% 10% 10%
1 2 1 5 5 10 9 7 16 20 15 28
Interest 96 109 112 120 127 124 111 136 129 57 40 35
Depreciation 20 20 21 25 25 28 32 34 57 58 55 57
Profit before tax 36 43 22 53 95 126 204 279 327 360 508 642
Tax % 32% 39% 47% 35% 35% 26% 29% 35% 22% 25% 26% 26%
Net Profit 24 26 12 34 62 94 145 182 255 270 376 477
EPS in Rs 3.63 3.75 1.57 4.43 8.05 12.06 18.45 23.04 28.50 29.92 41.75 52.93
Dividend Payout % 6% 5% 13% 9% 6% 5% 5% 5% 5% 7% 6% 6%
Compounded Sales Growth
10 Years: 15%
5 Years: 15%
3 Years: 12%
TTM: 21%
Compounded Profit Growth
10 Years: 34%
5 Years: 27%
3 Years: 23%
TTM: 27%
Stock Price CAGR
10 Years: 70%
5 Years: 38%
3 Years: 86%
1 Year: 64%
Return on Equity
10 Years: 20%
5 Years: 20%
3 Years: 19%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 14 15 15 15 16 16 16 18 18 18 18
Reserves 213 242 254 288 351 445 589 763 1,489 1,756 2,117 2,571
488 474 511 452 498 813 842 599 367 333 355 162
480 448 464 585 598 622 770 1,387 1,395 902 1,036 1,019
Total Liabilities 1,194 1,177 1,244 1,342 1,463 1,896 2,217 2,765 3,269 3,008 3,527 3,770
318 309 314 298 328 405 407 489 554 537 531 567
CWIP 0 3 0 4 29 3 23 32 11 7 17 15
Investments 3 3 3 3 3 3 3 2 1 1 2 1
873 863 926 1,036 1,103 1,485 1,784 2,243 2,703 2,463 2,978 3,187
Total Assets 1,194 1,177 1,244 1,342 1,463 1,896 2,217 2,765 3,269 3,008 3,527 3,770

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
32 149 83 198 185 -29 189 624 -13 154 229 514
-14 -15 -22 -17 -98 -63 -76 -275 11 75 -58 -137
-26 -123 -73 -181 -87 229 -68 -386 99 -129 -31 -256
Net Cash Flow -8 11 -11 0 1 137 45 -37 97 101 139 121

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 103 93 97 86 89 114 108 95 102 118 89 73
Inventory Days 81 108 122 109 96 114 97 94 103 102 96 78
Days Payable 113 119 117 119 98 110 110 139 140 99 68 53
Cash Conversion Cycle 71 82 101 76 87 119 95 49 66 121 117 98
Working Capital Days 69 71 92 70 72 103 92 52 81 118 102 87
ROCE % 21% 21% 18% 22% 27% 23% 23% 29% 28% 21% 24% 26%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
40.50 40.34 40.34 40.34 39.23 38.02 38.02 38.02 38.02 37.99 37.32 37.21
15.25 13.97 16.33 18.49 18.09 19.36 21.78 25.22 26.46 26.96 26.83 27.37
23.43 24.05 23.45 24.14 25.92 25.79 24.03 21.58 19.49 18.09 19.09 19.55
20.82 21.64 19.88 17.03 16.76 16.83 16.16 15.17 16.03 16.97 16.74 15.88

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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Credit ratings

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