KEI Industries Limited KEI NIFTY_MIDNSEINFRA

Industrials · Electrical Equipment & Parts · India

KEI Industries Limited manufactures, markets, and sells wires and cables in India and internationally. It operates in three segments: Cable & Wires; Engineering, Procurement and Construction; and Stainless Steel Wire. The company offers extra-high voltage, high tension, and low-tension power cables; control and instrumentation cables; specialty, single-core, and multi-core flexible cables; elastomeric/rubber and solar cables; fire survival/resistant cables; flat, EV charging, ESP, and medium voltage covered conductor cables; conflame green + wires; communication and thermocouple cables; and submersible marine and offshore cables, as well as stainless steel, winding, and house wires. It also provides engineering, procurement, and construction solutions in the areas of gas-insulated GIS, and air-insulated substations AIS; overhead and underground power transmission and distribution systems; and railway electrification/substation on a turnkey basis, as well as project management services. The company exports its products to approximately 60 countries. It serves the power, refinery, railway, automobile, cement, steel, fertilizer, textile, real estate, infrastructure, oil and gas, defense, chemical, metal, IT, pharma, manufacturing, renewables energy, non-metal, data center, consumer durable, government, public, private, and other sectors through dealers and distributors. The company was founded in 1968 and is headquartered in New Delhi, India.

Market & Price

Market Cap

₹50,357.61 Cr

Current Price

₹5,267.50

High / Low (52W)

₹5,446.20 / ₹3,531.32

Beta

0.51

Valuation

Stock P/E

54.94

Industry PE

27.78

Forward P/E

38.03

PEG Ratio

Book Value

₹697.18

Price to Book

7.56

P/S

4.29

EV/EBITDA

39.95

Dividend Yield

0.09%

Profitability & Returns

ROCE

18.85%

ROE

14.75%

ROA

8.79%

Profit Margin

7.82%

Op Margin

10.16%

EPS (Latest Qtr)

₹29.72

EPS (TTM)

₹95.87

Balance Sheet & Liquidity

Debt/Equity

3.80

Quick Ratio

1.61

Current Ratio

2.96

Debt

₹253.02 Cr

Total Assets

₹8,955.98 Cr

Current Assets

₹6,156.82 Cr

Working Capital

₹4,079.13 Cr

Ownership

Promoter Holding

36.01%

Chg in Prom Hold

FII / Inst Holding

44.02%

Chg in FII Hold

0.02%

Financial Snapshot

Enterprise Value

₹49,097.25 Cr

Total Revenue (TTM)

₹11,747.76 Cr

EBITDA

₹1,229.04 Cr

Free Cash Flow

₹170.84 Cr

Operating Cash Flow

₹839.95 Cr

Shares Outstanding

₹9.56 Cr

Gross Margin

23.48%

Payout Ratio

4.69%

Growth (CAGR)

Revenue 5Y

19.68%

Profit 5Y

24.38%

Revenue (YoY)

18.70%

Earnings (YoY)

25.50%

PROS

Compounding revenue at 19.7% over 5 years.
Profit CAGR of 24.4% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 54.9.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	KEI KEI Industries Limited NIFTY_MIDNSEINFRA	5,267.50	54.94	₹50,357.61 Cr	0.09%	18.85%	14.75%	19.68%	24.38%
2	LT Larsen & Toubro Limited NIFTY50NSEAIINFRA	4,076.50	34.84	₹5.61 L Cr	0.93%	14.55%	16.95%	16.09%	15.38%
3	ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA	1,804.60	30.96	₹4.16 L Cr	0.42%	11.02%	15.59%	22.93%	34.11%
4	HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU	4,303.80	31.55	₹2.88 L Cr	1.16%	13.80%	23.98%	7.87%	16.08%
5	POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA	38,445.00	172.41	₹1.71 L Cr	0.02%	24.92%	21.04%	22.24%	119.12%
6	INDIGO InterGlobe Aviation Limited NSEINFRA	4,405.00	-	₹1.70 L Cr	0.24%	15.53%	-	44.12%	72.60%
7	CUMMINSIND Cummins India Limited NSEINFRA	5,881.00	68.97	₹1.63 L Cr	1.12%	34.95%	29.45%	16.07%	24.35%
8	CGPOWER CG Power and Industrial Solutions Limited NSEINFRA	917.45	118.99	₹1.44 L Cr	0.14%	19.35%	19.56%	21.67%	7.81%
9	POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA	9,477.50	53.48	₹1.43 L Cr	0.37%	30.44%	24.58%	26.57%	28.11%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	2,472.25 Cr	2,914.79 Cr	2,590.32 Cr	2,954.70 Cr	3,476.40 Cr
Cost of Revenue	-	1,907.18 Cr	2,248.74 Cr	1,989.87 Cr	2,239.49 Cr	2,669.47 Cr
Gross Profit	-	565.07 Cr	666.04 Cr	600.45 Cr	715.22 Cr	806.93 Cr
Operating Expenses	-	338.21 Cr	384.10 Cr	362.33 Cr	417.72 Cr	453.81 Cr
Operating Income	-	226.85 Cr	281.94 Cr	238.12 Cr	297.50 Cr	353.12 Cr
EBITDA	-	254.45 Cr	338.38 Cr	297.63 Cr	353.90 Cr	424.44 Cr
Interest Expense	-	14.28 Cr	13.88 Cr	14.50 Cr	16.63 Cr	18.81 Cr
Pretax Income	-	221.19 Cr	305.16 Cr	263.23 Cr	314.67 Cr	377.15 Cr
Tax Provision	-	56.39 Cr	78.61 Cr	67.48 Cr	79.81 Cr	92.84 Cr
Net Income	-	164.81 Cr	226.55 Cr	195.75 Cr	234.86 Cr	284.31 Cr
Diluted EPS	-	17.85	23.69	20.47	24.55	29.72

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	6,853.25 Cr	8,037.95 Cr	9,735.88 Cr	11,747.76 Cr
Cost of Revenue	-	5,418.71 Cr	6,333.41 Cr	7,476.62 Cr	8,989.52 Cr
Gross Profit	-	1,434.54 Cr	1,704.53 Cr	2,259.26 Cr	2,758.24 Cr
Operating Expenses	-	777.13 Cr	908.84 Cr	1,338.43 Cr	1,620.36 Cr
Operating Income	-	657.40 Cr	795.69 Cr	920.82 Cr	1,137.88 Cr
EBITDA	-	723.13 Cr	873.32 Cr	1,062.76 Cr	1,387.60 Cr
Interest Expense	-	24.05 Cr	30.88 Cr	55.65 Cr	64.11 Cr
Pretax Income	-	642.01 Cr	781.08 Cr	936.97 Cr	1,232.33 Cr
Tax Provision	-	164.66 Cr	200.24 Cr	240.56 Cr	313.89 Cr
Net Income	-	477.35 Cr	580.74 Cr	696.41 Cr	918.43 Cr
Diluted EPS	41.56	52.86	64.25	75.55	-

Compounded Sales Growth

5 Years:	19.68%
1 Year:	18.70%

Compounded Profit Growth

5 Years:	24.38%
1 Year:	25.50%

Stock Price Performance

1 Year:	+43.88%
6 Months:	+28.38%
3 Months:	+10.53%
1 Month:	+6.73%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	3,770.15 Cr	4,656.45 Cr	7,234.60 Cr	8,955.98 Cr
Current Assets	-	3,161.33 Cr	3,697.71 Cr	5,634.59 Cr	6,156.82 Cr
Cash & Equivalents	-	479.89 Cr	665.04 Cr	527.78 Cr	1,444.04 Cr
Inventory	-	1,102.29 Cr	1,342.75 Cr	1,730.33 Cr	2,400.79 Cr
Receivables	-	1,387.79 Cr	1,517.87 Cr	1,797.25 Cr	1,841.66 Cr
Total Liabilities	-	1,180.99 Cr	1,508.19 Cr	1,448.85 Cr	2,291.03 Cr
Current Liabilities	-	1,117.55 Cr	1,431.34 Cr	1,348.01 Cr	2,077.70 Cr
Long Term Debt	-	0	0	0	0
Total Debt	-	161.83 Cr	166.23 Cr	217.21 Cr	253.02 Cr
Total Equity	-	2,589.18 Cr	3,148.26 Cr	5,785.75 Cr	6,664.95 Cr
Shares Outstanding	-	9.02 Cr	9.02 Cr	9.56 Cr	9.56 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	513.91 Cr	610.50 Cr	-32.21 Cr	839.95 Cr
Investing Cash Flow	-	-137.13 Cr	-352.60 Cr	-1,500.72 Cr	-349.50 Cr
Financing Cash Flow	-	-255.93 Cr	-71.76 Cr	1,918.54 Cr	-98.18 Cr
Capital Expenditure	-	-97.94 Cr	-400.49 Cr	-697.66 Cr	-1,253.58 Cr
Free Cash Flow	-	415.97 Cr	210.01 Cr	-729.88 Cr	-413.62 Cr
Net Change in Cash	-	120.84 Cr	186.13 Cr	385.61 Cr	392.27 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	20.9%	21.2%	23.2%	23.5%
Operating Margin %	-	9.6%	9.9%	9.5%	9.7%
Net Margin %	-	7.0%	7.2%	7.2%	7.8%
ROE %	-	18.4%	18.4%	12.0%	13.8%
ROCE %	-	24.8%	24.7%	15.6%	16.5%

Shareholding Pattern

Insiders

36.01%

Institutions

44.02%

Public Float

68.80%

Analyst View

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KEI · Industrials