1. KEI Industries
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62% Buy

KEI Industries Share Price

KEI

₹4,229.50+₹52.15 (1.25%) TodayLast updated on 24 Jul, 2024 | 12:27 IST
₹4,203.75₹4,310.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹37,191 Crs

Open

₹4,220.00

Close

₹4,177.35

Circuit range

₹5,012.80 - ₹3,341.90

Day range

₹4,203.75 - ₹4,310.00

Year range

₹2,223.00 - ₹5,039.70

Volume

1,64,471

Avg. traded

₹4,262.70

Revenue (12m)

₹8,110 Crs

KEI Industries

New Delhi-headquartered KEI Industries Limited is a leading manufacturer of electrical wires and cables. Its products are used by clients in more than 60 countries. The company ranks among the top three players in the wire and cable industry in India.

The company has five manufacturing plants in India, with a maximum production capacity of 1.25 lakh km of cable, more than 13.32 lakh km of house wire, over 28,000 km of communication cable and 9,000 MT of stainless steel wire. KEI Industries Limited has maintained a compound annual growth rate (CAGR) of 15% over the past 15 years.

Its journey began in 1968 as a partnership firm Krishna Electrical Industries primarily focusing on making rubber cables for house wiring. In the inception year itself, it bagged orders from the Department of Telecommunication (DoT) to manufacture switchboard cables.

Incorporated on December 31, 1992, as KEI Industries Limited, the company launched its Initial Public Offering (IPO) in 1995. Its shares are now listed on BSE, National Stock Exchange and Calcutta Stock Exchange. The company's global depository receipt (GDR) and foreign currency convertible bond (FCCB) are listed on the Luxembourg Stock Exchange.

The market capitalisation of KEI Industries Ltd stood at over ₹29,900 crore as of February 7, 2024. KEI Industries share price has surged over 580% in the last three years.

Business operations

KEI Industries Limited makes and markets extra-high voltage, medium voltage and low voltage power cables. Its product portfolio also includes house wire, communication and instrumentation cables, ESP cables, control cables, singlecore/multicore flexible cables, thermocouple extension/compensating, solar and rubber cables, fire survival/resistant cables and marine and offshore cables.

The company has five manufacturing plants – three in Rajasthan (Bhiwadi, Chopanki and Pathredi) and two in Dadra & Nagar Haveli Daman and Diu (Rakholi and Chinchpada). Two other plants in Harchandpur of Rajasthan and Dapada in Dadra & Nagar Haveli Daman and Diu serve the need for backward integration of PVC compounds.

It has completed land acquisition for a new state-of-the-art manufacturing unit in Gujarat and has set aside a capital expenditure of 1,000 crore over the next three-four years for setting up the plant.

It operates through a vast network of 38 branch offices and 23 warehouses spread across India and over 30,000 channel partners across the globe.

KEI’s global operations are spread across South Asia, Southeast Asia, East Asia, the Middle East, Africa and Europe. In 2022-23, KEI commenced exports to the United State after receiving approval from the country’s authorities.

KEI Industries Limited caters to a diverse array of clients in retail, institutional and export segments. It has a strong presence in the engineering, procurement and construction (EPC) services industry.

In the extra high voltage (EHV) segment, the company has tied up with Swiss cable giant Brugg Kabel to upgrade its technology and manufacture cables up to 400 Kilovolts.

In the high voltage category, the company owns and operates a state of art high cable plant that utilises German technology and possesses a manufacturing capability of up to 220 KV.

Financial highlights

  • The company’s consolidated revenue from operations stood at ₹6,912.33 crore in FY23, up 21% from ₹5,727 crore in FY22.
  • Its EBITDA (earnings before interest, tax, depreciation and amortisation) improved to ₹734 crore in FY23, indicating a growth of 21.58% from ₹604 crore in FY22.
  • It reported a consolidated net profit of ₹477.34 crore for FY23, up 26% from ₹376 crore in FY22.
  • The company made a capital expenditure of ₹97.09 crore in FY23.
  • The company's earnings per share (EPS) stood at ₹52.94 in FY23 as against ₹41.77 in FY22.

KEI Industries Key indicators

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52 week high

₹5,039.70

52 week low

₹2,223.00

P/E ratio

65

P/B ratio

12.23

ROE

20.27%

ROCE

26.07%

Dividend yield

0.09%

Debt/Equity ratio

0.05

EPS

52.93

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Investment checklist: (5/6)

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

62%

Hold

38%

Sell

0%

This analysis is based on the reviews of 13 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

10.62%

Net profit margin

6.91%

ROE

20.27%

ROA

13.08%

ROCE

26.07%

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KEI Industries Shareholder returns

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1 day

+2.73%

1 week

-10.30%

1 month

-9.55%

3 months

+7.94%

1 year

+60.44%

3 years

+475.96%

5 years

+784.68%

KEI Industries Share Price history

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DayOpenCloseDay’s change
Tue, Jul 23 2024
₹4,148.05
₹4,177.35
+1.36%
Mon, Jul 22 2024
₹4,011.85
₹4,121.30
+2.73%
Fri, Jul 19 2024
₹4,264.05
₹4,011.85
-5.96%
Thu, Jul 18 2024
₹4,550.00
₹4,266.00
-4.77%
Tue, Jul 16 2024
₹4,669.00
₹4,479.90
-3.09%
Mon, Jul 15 2024
₹4,610.00
₹4,622.85
+0.62%
Fri, Jul 12 2024
₹4,510.00
₹4,594.35
+1.96%
Thu, Jul 11 2024
₹4,538.25
₹4,505.85
-0.41%

Shareholding info

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Promoters (37.08%)

Mutual Funds (13.33%)

Retail and other (15.61%)

Foreign institutions-FII (31%)

Other domestic institutions (2.99%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹3.5/share

    Ex date 19 Mar 2024

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  • Dividend • ₹3/share

    Ex date 03 Feb 2023

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  • Dividend • ₹2.5/share

    Ex date 07 Feb 2022

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Frequently asked questions