KEI Industries Ltd

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

KEI Industries Ltd

₹ 2,902 -0.82%
06 Dec - close price
kei-ind.com BSE: 517569 NSE : KEI
About

Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas[1]

Key Points

Business Overview:[1]
Company manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. It caters to retail and institutional markets and also provides Engineering, Procurement and Construction (EPC) services

Website BSE NSE
  • Market Cap ₹ 26,254 Cr.
  • Current Price ₹ 2,902
  • High / Low ₹ 2,999 / 1,351
  • Stock P/E 49.7
  • Book Value ₹ 317
  • Dividend Yield 0.10 %
  • 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 9.16 times its book value
  • Promoter holding has decreased over last 3 years: -3.26%

* 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
1,037 1,153 1,246 1,018 1,353 1,564 1,792 1,565 1,608 1,784 1,955 1,783 1,947
919 1,029 1,109 904 1,207 1,407 1,620 1,406 1,447 1,602 1,751 1,604 1,743
Operating Profit 118 124 137 114 146 157 172 160 161 182 204 178 204
OPM % 11% 11% 11% 11% 11% 10% 10% 10% 10% 10% 10% 10% 10%
4 5 2 3 3 2 8 4 5 14 5 8 8
Interest 15 13 13 11 10 9 10 9 8 8 10 9 8
Depreciation 14 15 15 14 14 14 14 14 14 14 14 15 16
Profit before tax 93 101 113 91 125 136 156 140 144 174 184 163 188
Tax % 27% 25% 24% 26% 26% 25% 26% 26% 26% 26% 25% 26% 26%
68 76 86 67 92 101 116 104 107 129 138 121 140
EPS in Rs 7.55 8.45 9.56 7.45 10.21 11.24 12.86 11.52 11.85 14.26 15.31 13.46 15.54
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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 TTM
1,706 1,658 1,619 2,031 2,326 2,628 3,459 4,227 4,884 4,181 5,727 6,912 7,468
1,556 1,488 1,466 1,838 2,083 2,359 3,120 3,785 4,388 3,726 5,138 6,206 6,700
Operating Profit 150 171 153 193 242 269 339 442 496 456 589 706 768
OPM % 9% 10% 9% 10% 10% 10% 10% 10% 10% 11% 10% 10% 10%
1 2 1 5 5 10 9 7 16 20 15 28 35
Interest 96 109 112 120 127 124 111 136 129 57 40 35 34
Depreciation 20 20 21 25 25 28 32 34 57 58 55 57 59
Profit before tax 36 43 22 53 95 126 204 279 327 360 508 642 710
Tax % 32% 39% 47% 35% 35% 26% 29% 35% 22% 25% 26% 26%
24 26 12 34 62 94 145 182 255 270 376 477 528
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 58.57
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: 14%
Compounded Profit Growth
10 Years: 34%
5 Years: 27%
3 Years: 23%
TTM: 24%
Stock Price CAGR
10 Years: 77%
5 Years: 51%
3 Years: 89%
1 Year: 84%
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 Sep 2023
Equity Capital 13 14 15 15 15 16 16 16 18 18 18 18 18
Reserves 213 242 254 288 351 445 589 763 1,489 1,756 2,117 2,571 2,840
488 474 511 452 498 813 842 599 367 333 355 162 193
480 448 464 585 598 622 770 1,387 1,395 902 1,036 1,019 1,047
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 4,098
318 309 314 298 328 405 407 489 554 537 531 567 727
CWIP 0 3 0 4 29 3 23 32 11 7 17 15 39
Investments 3 3 3 3 3 3 3 2 1 1 2 1 1
873 863 926 1,036 1,103 1,485 1,784 2,243 2,703 2,463 2,978 3,187 3,330
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 4,098

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%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
40.34% 40.34% 39.23% 38.02% 38.02% 38.02% 38.02% 37.99% 37.32% 37.21% 37.10% 37.08%
16.33% 18.49% 18.09% 19.36% 21.78% 25.22% 26.46% 26.96% 26.83% 27.37% 27.67% 29.57%
23.45% 24.14% 25.92% 25.79% 24.03% 21.58% 19.49% 18.09% 19.09% 19.55% 19.55% 17.64%
19.88% 17.03% 16.76% 16.83% 16.16% 15.17% 16.03% 16.97% 16.74% 15.88% 15.68% 15.70%
No. of Shareholders 57,75357,41777,87694,99889,29284,28693,15298,12897,66198,0211,08,7491,25,713

* 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.

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