KEI Industries Ltd logo

KEI Industries Ltd

KEI NSE

Key Fundamentals

MidcapCables - ElectricalsIndustrial Products
Market Cap
₹53,267 Cr
Volatility
High Risk
P/E Ratio
53.7
EBITDA
₹1,229 Cr
Return on Equity
12.04%
Debt to Equity
0.04
Book Value
₹697.17
EPS
₹67.58
52W High
₹5,708
52W Low
₹3,712.2

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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49 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has delivered good profit growth of 27.4% CAGR over last 5 years

Weaknesses

1
  • Stock is trading at 8.03 times its book value

Growth Rate

Revenue Growth
19.78% ↗
Net Income Growth
30.80% ↗
Cash Flow Change
-105.28% ↘
ROE
-34.74% ↘
ROCE
-34.09% ↘
EBITDA Margin (Avg.)
-4.80% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

KEI Industries commands a market cap of ₹52,872 Cr at a PE of 52.7x, reflecting strong growth expectations. The company has delivered 27% profit CAGR over 5 years with near-zero debt, though its current valuation at 7.89x book value and a compressed ROE of 15% in the latest year present a mixed picture.

Bull Case 8
  • Company is almost debt free, providing financial flexibility and minimal interest burden on earnings
  • Compounded profit growth of 27% CAGR over 5 years demonstrates consistent earnings momentum
  • TTM sales growth of 20% indicates sustained top-line expansion in a capital-intensive sector
  • TTM profit growth of 34% significantly outpaces revenue growth, indicating margin expansion and operating leverage
  • 10-year compounded profit CAGR of 31% shows a long track record of scaling earnings
  • Stock CAGR of 50% over 5 years reflects sustained market confidence in the business trajectory
  • Compounded sales CAGR of 23% over 5 years shows the company is gaining market share in the wires and cables industry
  • 10-year ROE average of 18% demonstrates consistent value creation for shareholders over a full business cycle
Bear Case 8
  • PE of 52.7x is significantly elevated compared to typical industrial product companies, leaving limited room for execution misses
  • Price-to-book of 7.89x implies the market is pricing in substantial future growth that may or may not materialize
  • ROE has declined from the 5-year average of 17% to 15% in the last year, suggesting potential return dilution as the company scales
  • Dividend yield of just 0.08% offers negligible income, meaning returns are entirely dependent on capital appreciation
  • 1-year stock CAGR of 46% has pushed valuations to premium levels, increasing downside risk if growth decelerates
  • At 52.7x earnings, even a modest slowdown from the 34% TTM profit growth rate could trigger a significant de-rating
  • 10-year ROE of 18% versus current PE of 52.7x implies the market is pricing in substantially higher future returns than historical averages
  • Copper and aluminum raw material price volatility poses margin risk in a business with 20% revenue growth expectations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • Q1FY27 profit surges 40% YoY Aug 3

    Net profit rose 40% YoY to ₹2,741.40 million for Q1FY27, driven by 23% revenue growth.

  • ₹700 Cr Rajasthan capacity expansion Aug 3

    Board approved ₹700 crore investment for new wires and cables unit in Rajasthan, adding 50,000 KMS cable and 40,000 MT GI wire capacity by September 2028.

  • Sanand plant capacity raised to ₹7,000 Cr Aug 4

    Sanand plant annual revenue capacity upgraded from ₹6,000 crore to ₹7,000 crore via ₹100–200 crore balancing-equipment capex, adding ₹1,000 crore revenue potential within 2 years.

Neutral 3
  • Investor meets in Asia scheduled Aug 3

    KEI Industries schedules analyst meetings in Singapore, Hong Kong, and Kuala Lumpur from Aug 11-13, 2026 under SEBI Regulation 30.

  • Block trades worth ₹247 Cr Jul 17

    Block trades totalling ₹246.62 crore executed across BSE (₹153.24 Cr, ~311,459 shares at ₹4,920) and NSE (₹93.38 Cr, ~189,431 shares at ₹4,929.50), indicating significant institutional activity.

  • Q1FY27 earnings call hosted Jul 28

    Earnings conference call held on August 4, 2026 to discuss Q1FY27 results, organized by Nuvama Wealth Management.

TL;DR: KEI Industries delivered a strong Q1FY27 with 40% profit growth and 23% revenue expansion, while simultaneously accelerating capacity investments across Sanand and Rajasthan. No material headwinds are visible in recent news flow. The company is executing well on its 20%+ CAGR growth plan with aggressive capex of ₹600–700 crore annually, and the trend remains firmly positive heading into the rest of FY27.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,783
1,945
2,059
2,330
2,065
2,284
2,472
2,915
2,590
2,726
2,955
3,476
3,185
Expenses
1,604
1,743
1,845
2,075
1,846
2,059
2,226
2,614
2,332
2,457
2,635
3,095
2,790
Operating Profit
178
202
215
255
219
225
246
301
258
269
320
382
396
OPM %
10%
10%
10%
11%
11%
10%
10%
10%
10%
10%
11%
11%
12%
Other Income
8
9
14
4
13
13
9
37
40
42
34
43
20
Interest
9
8
11
17
14
13
14
14
14
14
17
19
18
Depreciation
15
16
15
16
16
16
19
19
20
20
23
28
29
PBT
163
188
202
227
203
208
221
305
263
277
315
377
369
Tax %
26%
26%
26%
26%
26%
26%
26%
26%
26%
27%
25%
25%
26%
Net Profit
121
140
151
168
150
155
165
227
196
204
235
284
274
EPS in Rs
13.46
15.54
16.7
18.67
16.65
17.15
17.25
23.71
20.49
21.29
24.57
29.74
28.68
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
2,033
2,351
2,628
3,466
4,231
4,888
4,182
5,727
6,912
8,104
9,736
11,748
12,343
Expenses
1,839
2,108
2,360
3,126
3,790
4,391
3,721
5,138
6,206
7,267
8,745
10,519
10,976
Operating Profit
194
243
269
339
441
497
461
589
706
838
991
1,229
1,367
OPM %
10%
10%
10%
10%
10%
10%
11%
10%
10%
10%
10%
10%
11%
Other Income
5
6
10
9
7
17
20
15
28
49
72
159
139
Interest
121
127
124
112
136
129
57
40
35
44
56
64
67
Depreciation
25
25
28
32
34
57
58
55
57
61
70
91
100
PBT
53
96
126
204
278
328
366
508
642
781
937
1,232
1,338
Tax %
35%
35%
26%
29%
35%
22%
25%
26%
26%
26%
26%
25%
—
Net Profit
34
63
94
145
181
256
273
376
477
581
696
918
997
EPS in Rs
4.43
8.1
12.04
18.47
22.92
28.64
30.33
41.73
52.93
64.35
72.88
96.07
104
Div. Payout %
9%
6%
5%
5%
5%
5%
7%
6%
6%
5%
5%
5%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
15
15
16
16
16
18
18
18
18
18
19
19
Reserves
288
352
446
589
762
1,489
1,760
2,118
2,571
3,130
5,767
6,646
Borrowings
452
498
813
842
599
367
305
355
162
166
217
253
Other Liabilities
588
599
622
773
1,387
1,395
930
1,036
1,019
1,342
1,232
2,038
Total Liabilities
1,345
1,464
1,896
2,220
2,764
3,269
3,014
3,527
3,770
4,656
7,235
8,956
Fixed Assets
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
Other Assets
1,039
1,103
1,485
1,787
2,242
2,703
2,469
2,978
3,187
3,764
5,854
6,266
Total Assets
1,345
1,464
1,896
2,220
2,764
3,269
3,014
3,527
3,770
4,656
7,235
8,956
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
199
186
-29
191
623
-13
154
229
514
610
-32
840
Investing
-17
-98
-63
-76
-275
11
75
-58
-137
-353
-1,501
-350
Financing
-182
-87
229
-69
-386
99
-129
-31
-256
-72
1,919
-98
Net Cash Flow
0
1
137
45
-38
97
101
139
121
186
386
392
Free Cash Flow
182
88
-91
126
501
-93
131
169
416
210
-726
-412
CFO/OP
107
85
1
72
161
16
53
60
98
97
20
90
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
85
88
114
108
94
102
118
89
73
68
67
57
Inventory Days
109
95
114
97
95
103
103
96
79
84
87
99
Days Payable
119
97
110
110
139
139
99
68
54
63
39
55
Cash Conversion Cycle
75
86
119
95
49
66
121
117
99
89
115
101
Working Capital Days
24
32
17
28
19
61
94
81
80
71
89
80
ROCE %
—
28%
23%
23%
29%
28%
21%
24%
26%
27%
21%
20%

Shareholding Pattern

As of Jun 2026
Promoters 35.00%
FIIs 27.32%
DIIs 25.90%
Public 9.80%
Others 1.98%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Nov 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
40.34%
39.23%
38.02%
38.02%
38.02%
38.02%
37.99%
37.32%
37.21%
37.10%
37.08%
37.08%
37.08%
37.08%
37.06%
35.02%
35.02%
35.02%
35.02%
35.00%
35.00%
35.00%
35.00%
FIIs
0.00%
0.00%
0.03%
0.00%
0.05%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
31.01%
30.76%
31.10%
28.94%
29.75%
25.83%
26.59%
25.83%
25.49%
27.27%
27.32%
DIIs
23.31%
24.55%
24.39%
23.47%
21.09%
18.66%
16.63%
19.10%
19.56%
19.55%
16.11%
14.58%
16.31%
16.55%
16.01%
20.58%
20.72%
23.51%
25.63%
26.71%
27.27%
25.83%
25.90%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
14.16%
13.67%
14.03%
13.54%
12.64%
13.41%
13.95%
13.77%
12.95%
12.81%
12.97%
13.08%
12.86%
13.01%
13.21%
12.95%
12.08%
12.65%
10.67%
10.46%
10.03%
9.73%
9.80%
Others
22.19%
22.55%
23.53%
24.97%
28.19%
29.91%
31.43%
29.82%
30.28%
30.54%
33.84%
35.25%
2.75%
2.60%
2.62%
2.51%
2.43%
2.99%
2.09%
2.00%
2.21%
2.18%
1.98%
No. of Shareholders
57,417
77,876
94,998
89,292
84,286
93,152
98,128
97,661
98,021
1,08,749
1,25,713
1,30,692
1,29,055
1,55,514
1,65,905
1,76,889
1,66,067
1,97,844
1,69,780
1,59,968
1,53,138
1,58,565
1,60,497

Documents

Frequently Asked Questions about KEI Industries Ltd

What does KEI Industries Ltd do?
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]
Where is KEI Industries Ltd (KEI) listed?
KEI Industries Ltd is listed on the Indian stock exchanges. It is listed on NSE: KEI and BSE: 517569. You can view its live share price, financials, and ratios on Tapetide.
Which sector does KEI Industries Ltd belong to?
KEI Industries Ltd operates in the Industrial Products sector within the Cables - Electricals industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of KEI Industries Ltd?
KEI Industries Ltd has a market capitalisation of approximately ₹53266.74 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of KEI Industries Ltd?
The Price-to-Earnings (PE) ratio of KEI Industries Ltd is 53.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of KEI Industries Ltd?
Over the past 52 weeks, KEI Industries Ltd has traded between a low of ₹3,712.2 and a high of ₹5,708. This range helps investors understand the stock's price volatility and recent trading levels.
Does KEI Industries Ltd pay dividends?
Yes, KEI Industries Ltd has a dividend yield of 0.08%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of KEI Industries Ltd?
KEI Industries Ltd has a Return on Equity (ROE) of 12.04%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research KEI Industries Ltd on Tapetide?
On Tapetide, you can view KEI Industries Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website kei-ind.com
CEO Mr. Anil Gupta
Employees 2,050
Listed 2006-03-23
Face Value ₹ 2
Issued Size 9,56,00,595

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