KEI Industries Ltd

KEI Industries Ltd

₹ 4,800 -0.54%
14 Jun - close price
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 43,313 Cr.
  • Current Price 4,800
  • High / Low 5,040 / 2,201
  • Stock P/E 74.6
  • Book Value 349
  • Dividend Yield 0.07 %
  • ROCE %
  • ROE 20.2 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 26.3% CAGR over last 5 years

Cons

  • Stock is trading at 13.8 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,246 1,018 1,353 1,564 1,792 1,565 1,608 1,784 1,953 1,783 1,947 2,059 2,319
1,109 904 1,207 1,407 1,620 1,406 1,448 1,602 1,751 1,604 1,743 1,845 2,075
Operating Profit 137 114 146 157 172 160 161 182 202 178 204 215 245
OPM % 11% 11% 11% 10% 10% 10% 10% 10% 10% 10% 10% 10% 11%
3 3 2 2 8 4 5 14 7 8 8 14 15
Interest 13 11 10 9 10 9 8 8 10 9 8 11 17
Depreciation 15 14 14 14 14 14 14 14 14 15 16 15 16
Profit before tax 113 91 125 136 156 140 144 174 184 163 188 202 227
Tax % 24% 26% 26% 25% 26% 26% 26% 26% 25% 26% 26% 26% 26%
86 67 92 101 116 104 107 129 138 121 140 151 168
EPS in Rs 9.57 7.45 10.18 11.23 12.87 11.52 11.85 14.26 15.31 13.46 15.54 16.70 18.67
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,033 2,351 2,628 3,466 4,231 4,888 4,182 5,727 6,908 8,104
1,839 2,108 2,360 3,126 3,790 4,391 3,726 5,138 6,206 7,267
Operating Profit 194 243 269 339 441 497 456 589 702 838
OPM % 10% 10% 10% 10% 10% 10% 11% 10% 10% 10%
5 6 10 9 7 17 20 15 32 49
Interest 121 127 124 112 136 129 57 40 35 44
Depreciation 25 25 28 32 34 57 58 55 57 61
Profit before tax 53 96 126 204 278 328 361 508 642 781
Tax % 35% 35% 26% 29% 35% 22% 25% 26% 26% 26%
34 63 94 145 181 256 270 376 477 581
EPS in Rs 4.43 8.10 12.04 18.47 22.92 28.64 29.92 41.73 52.93 64.35
Dividend Payout % 9% 6% 5% 5% 5% 5% 7% 6% 6% 5%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 25%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 29%
TTM: 22%
Stock Price CAGR
10 Years: 70%
5 Years: 61%
3 Years: 90%
1 Year: 114%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 20%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 15 15 16 16 16 18 18 18 18 18
Reserves 288 352 446 589 762 1,489 1,756 2,118 2,571 3,130
452 498 813 842 599 367 333 355 162 166
588 599 622 773 1,387 1,395 902 1,036 1,019 1,342
Total Liabilities 1,345 1,464 1,896 2,220 2,764 3,269 3,008 3,527 3,770 4,656
298 328 405 407 489 554 537 531 567 770
CWIP 4 29 3 23 32 11 7 17 15 121
Investments 3 3 3 3 2 1 1 2 1 2
1,039 1,103 1,485 1,787 2,242 2,703 2,463 2,978 3,187 3,764
Total Assets 1,345 1,464 1,896 2,220 2,764 3,269 3,008 3,527 3,770 4,656

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
199 186 -29 191 623 -13 154 229 514 610
-17 -98 -63 -76 -275 11 75 -58 -137 -353
-182 -87 229 -69 -386 99 -129 -31 -256 -72
Net Cash Flow 0 1 137 45 -38 97 101 139 121 186

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 85 88 114 108 94 102 118 89 73 68
Inventory Days 109 95 114 97 95 103 102 96 78 81
Days Payable 119 97 110 110 139 139 99 68 53 61
Cash Conversion Cycle 75 86 119 95 49 66 121 117 98 88
Working Capital Days 70 71 103 92 52 81 118 102 87 77
ROCE % 28% 23% 23% 29% 28% 21% 24%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
39.23% 38.02% 38.02% 38.02% 38.02% 37.99% 37.32% 37.21% 37.10% 37.08% 37.08% 37.08%
18.09% 19.36% 21.78% 25.22% 26.46% 26.96% 26.83% 27.37% 27.67% 29.57% 30.95% 31.00%
25.92% 25.79% 24.03% 21.58% 19.49% 18.09% 19.09% 19.55% 19.55% 17.64% 16.05% 16.30%
16.76% 16.83% 16.16% 15.17% 16.03% 16.97% 16.74% 15.88% 15.68% 15.70% 15.91% 15.60%
No. of Shareholders 77,87694,99889,29284,28693,15298,12897,66198,0211,08,7491,25,7131,30,6921,29,055

* 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

Concalls