KEI Industries Ltd

KEI Industries Ltd

₹ 5,048 -0.21%
05 May 2:19 p.m.
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

  • Market Cap 48,259 Cr.
  • Current Price 5,048
  • High / Low 5,303 / 3,100
  • Stock P/E 52.6
  • Book Value 697
  • Dividend Yield 0.09 %
  • ROCE 20.1 %
  • ROE 14.8 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.8% CAGR over last 5 years

Cons

  • Stock is trading at 7.04 times its book value

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
1,953 1,783 1,945 2,059 2,330 2,065 2,284 2,472 2,915 2,590 2,726 2,955 3,476
1,751 1,604 1,743 1,845 2,075 1,846 2,059 2,226 2,614 2,332 2,457 2,635 3,095
Operating Profit 202 178 202 215 255 219 225 246 301 258 269 320 382
OPM % 10% 10% 10% 10% 11% 11% 10% 10% 10% 10% 10% 11% 11%
7 8 9 14 5 13 13 9 37 40 42 34 43
Interest 10 9 8 11 17 14 13 14 14 14 14 17 19
Depreciation 14 15 16 15 16 16 16 19 19 20 20 23 28
Profit before tax 184 163 188 202 227 203 208 221 305 263 277 315 377
Tax % 25% 26% 26% 26% 26% 26% 26% 26% 26% 26% 27% 25% 25%
138 121 140 151 169 150 155 165 227 196 204 235 284
EPS in Rs 15.31 13.46 15.54 16.70 18.70 16.65 17.15 17.25 23.71 20.49 21.29 24.57 29.74
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
2,031 2,326 2,628 3,459 4,227 4,884 4,181 5,727 6,912 8,104 9,736 11,748
1,838 2,083 2,359 3,120 3,785 4,388 3,726 5,138 6,206 7,267 8,745 10,519
Operating Profit 193 242 269 339 442 496 456 589 706 838 991 1,229
OPM % 10% 10% 10% 10% 10% 10% 11% 10% 10% 10% 10% 10%
5 5 10 9 7 16 20 15 28 49 72 159
Interest 120 127 124 111 136 129 57 40 35 44 56 64
Depreciation 25 25 28 32 34 57 58 55 57 61 70 91
Profit before tax 53 95 126 204 279 327 360 508 642 781 937 1,232
Tax % 35% 35% 26% 29% 35% 22% 25% 26% 26% 26% 26% 25%
34 62 94 145 182 255 270 376 477 581 696 918
EPS in Rs 4.43 8.05 12.06 18.45 23.04 28.50 29.92 41.75 52.93 64.39 72.88 96.07
Dividend Payout % 9% 6% 5% 5% 5% 5% 7% 6% 6% 5% 5% 5%
Compounded Sales Growth
10 Years: 18%
5 Years: 23%
3 Years: 19%
TTM: 21%
Compounded Profit Growth
10 Years: 31%
5 Years: 28%
3 Years: 24%
TTM: 32%
Stock Price CAGR
10 Years: 47%
5 Years: 57%
3 Years: 38%
1 Year: 58%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 16%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 15 15 16 16 16 18 18 18 18 18 19 19
Reserves 288 351 445 589 763 1,489 1,756 2,117 2,571 3,130 5,767 6,646
452 498 813 842 599 367 333 355 162 166 217 253
585 598 622 770 1,387 1,395 902 1,036 1,019 1,342 1,232 2,038
Total Liabilities 1,342 1,463 1,896 2,217 2,765 3,269 3,008 3,527 3,770 4,656 7,235 8,956
298 328 405 407 489 554 537 531 567 770 993 1,686
CWIP 4 29 3 23 32 11 7 17 15 121 385 1,002
Investments 3 3 3 3 2 1 1 2 1 2 2 2
1,036 1,103 1,485 1,784 2,243 2,703 2,463 2,978 3,187 3,764 5,854 6,266
Total Assets 1,342 1,463 1,896 2,217 2,765 3,269 3,008 3,527 3,770 4,656 7,235 8,956

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
198 185 -29 189 624 -13 154 229 514 611 -32 840
-17 -98 -63 -76 -275 11 75 -58 -137 -353 -1,501 -350
-181 -87 229 -68 -386 99 -129 -31 -256 -72 1,919 -98
Net Cash Flow 0 1 137 45 -37 97 101 139 121 186 386 392
Free Cash Flow 181 88 -91 125 502 -93 131 169 416 211 -726 -412
CFO/OP 107% 85% 1% 72% 161% 16% 54% 60% 98% 97% 20% 90%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 86 89 114 108 95 102 118 89 73 68 67 57
Inventory Days 109 96 114 97 94 103 102 96 79 84 87 99
Days Payable 119 98 110 110 139 140 99 68 54 63 39 55
Cash Conversion Cycle 76 87 119 95 49 66 121 117 99 89 115 101
Working Capital Days 24 32 17 29 19 61 94 81 80 71 89 80
ROCE % 22% 27% 23% 23% 29% 28% 21% 24% 26% 27% 21% 20%

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
Installed Capacity - Cables (Combined LT, HT, EHV)
KM

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Number of Active Dealers
Nos
Capacity Utilization - Cables Division
%
Installed Capacity - House Wires & Winding Wires
KM
Capacity Utilization - House Wires
%
Pending Order Book
INR Crores

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
37.10% 37.08% 37.08% 37.08% 37.08% 37.06% 35.01% 35.01% 35.01% 35.00% 35.00% 35.00%
27.67% 29.57% 30.95% 31.00% 30.75% 31.11% 29.75% 25.83% 26.59% 25.82% 25.49% 27.27%
19.55% 17.64% 16.05% 16.30% 16.56% 16.01% 20.72% 23.51% 25.63% 26.71% 27.27% 25.83%
15.68% 15.70% 15.91% 15.60% 15.60% 15.82% 14.52% 15.65% 12.77% 12.47% 12.25% 11.88%
No. of Shareholders 1,08,7491,25,7131,30,6921,29,0551,55,5141,65,9051,66,0671,97,8441,69,7801,59,9681,53,1381,58,565

* 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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