KEC International

₹726 -9.6 | 1.3%

WEBSITE BSE:532714 NSE : KEC INTERN 10 May, 16:01

Market Cap ₹18665 Cr.

Stock P/E 53.8

P/B 4.6

Current Price ₹726

Book Value ₹ 159.3

Face Value 2

52W High ₹838.3

Dividend Yield 0.55%

52W Low ₹ 458.8

Edit Ratio

KEC International Research see more...

Equity Research: KEC International

Overview Inc. Year: 2005Industry: Engineering - Construction

KEC International Ltd is an India- based business enterprise that is engaged in engineering, procurement and production (EPC) corporations. Its enterprise relates to infrastructure interalia products, tasks and structures, and related activities for power transmission, distribution, railway and different EPC companies. Its commercial enterprise gadgets consist of Power Transmission and Distribution, Railways, Civil and Urban Infrastructure, Solar, Oil and Gas Pipelines, Smart Infrastructure and Cables. Power Transmission and Distribution designs, manufactures, tests, resources, and erects transmission lines on turnkey basis. Railways offers turnkey solutions for diverse varieties of railway contracts. Civil and Urban Infrastructure makes a speciality of the construction of factories, warehouses, residential homes, and sewage and water remedy plants, amongst others. The Solar enterprise is engaged in photovoltaic (PV) tasks. Oil and Gas Pipelines specialises in the construction of oil and gas cross-country pipelines.

KEC International Share Price

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KEC International Quarterly Results

#(Fig in Cr.)	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Net Sales	3340	4275	3318	4064	4375	5525	4244	4499	5007	6165
Other Income	5	3	8	16	2	6	3	16	26	8
Total Income	3345	4278	3326	4080	4376	5531	4246	4515	5033	6173
Total Expenditure	3101	4023	3150	3886	4175	5242	3999	4225	4699	5777
Operating Profit	244	255	176	194	202	289	247	290	334	396
Interest	82	95	100	128	149	162	159	178	164	154
Depreciation	39	42	39	40	41	42	42	47	49	48
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	122	118	37	27	11	86	47	66	121	193
Provision for Tax	29	6	6	-29	-6	14	4	10	24	42
Profit After Tax	94	112	31	55	18	72	42	56	97	152
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	94	112	31	55	18	72	42	56	97	152
Adjusted Earnings Per Share	3.6	4.4	1.2	2.1	0.7	2.8	1.6	2.2	3.8	5.9

KEC International Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	6979	7902	8468	8518	8584	10053	11001	11965	13114	13742	17282	19915
Other Income	32	20	147	32	56	41	223	132	50	92	70	53
Total Income	7012	7922	8615	8549	8640	10093	11223	12097	13165	13834	17352	19967
Total Expenditure	6549	7345	7890	7758	7715	8978	9965	10757	11896	12821	16374	18700
Operating Profit	463	576	725	792	925	1115	1259	1341	1269	1013	978	1267
Interest	260	333	376	368	332	318	398	403	360	413	656	655
Depreciation	56	71	88	132	130	110	117	147	153	158	161	186
Exceptional Income / Expenses	-0	-18	0	0	0	0	0	0	0	-44	0	0
Profit Before Tax	147	155	261	291	463	687	744	790	756	399	161	427
Provision for Tax	82	88	100	144	159	229	257	225	203	67	-15	80
Profit After Tax	65	67	161	148	305	458	486	566	553	332	176	347
Adjustments	0	-0	0	0	0	2	9	0	0	0	0	0
Profit After Adjustments	65	67	161	148	305	460	496	566	553	332	176	347
Adjusted Earnings Per Share	2.5	2.6	6.3	5.8	11.9	17.9	19.3	22	21.5	12.9	6.8	13.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	26%	13%	11%	9%
Operating Profit CAGR	-3%	-10%	-3%	8%
PAT CAGR	-47%	-32%	-17%	10%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	32%	24%	20%	23%
ROE Average	5%	11%	15%	14%
ROCE Average	12%	16%	20%	19%

KEC International Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	1147	1192	1330	1290	1586	1997	2435	2798	3360	3620	3771
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	708	603	737	593	776	738	541	153	219	393	493
Other Non-Current Liabilities	82	71	74	124	139	118	132	181	120	11	-132
Total Current Liabilities	4298	5524	5586	6867	6214	7658	8555	9724	10286	12103	14209
Total Liabilities	6235	7390	7727	8874	8715	10512	11663	12855	13985	16128	18341
Fixed Assets	1321	1352	1259	1198	1149	1112	1182	1352	1398	1538	1583
Other Non-Current Assets	264	347	521	519	512	561	330	482	705	900	933
Total Current Assets	4647	5691	5869	7155	7054	8836	10149	11019	11882	13690	15826
Total Assets	6235	7390	7727	8874	8715	10512	11663	12855	13985	16128	18341

KEC International Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	194	146	132	185	75	176	193	175	153	200	208
Cash Flow from Operating Activities	-87	-9	153	-75	1662	660	199	87	840	-284	607
Cash Flow from Investing Activities	-122	-136	125	-23	-183	-4	-69	-118	-127	-205	-135
Cash Flow from Financing Activities	161	132	-216	-28	-1379	-638	-150	3	-659	496	-401
Net Cash Inflow / Outflow	-48	-14	62	-126	100	17	-21	-28	53	7	71
Closing Cash & Cash Equivalent	146	132	194	75	176	193	175	153	200	208	281

KEC International Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	2.53	2.6	6.26	5.75	11.86	17.91	19.28	22	21.5	12.92	6.85
CEPS(Rs)	4.71	5.34	9.69	10.88	16.9	22.09	23.48	27.72	27.43	19.06	13.13
DPS(Rs)	0.5	0.6	0.9	1	1.6	2.4	2.7	3.4	4	4	3
Book NAV/Share(Rs)	44.62	46.35	51.73	50.19	61.7	77.69	94.71	108.81	130.68	140.8	146.69
Core EBITDA Margin(%)	6.05	6.88	6.68	8.73	9.93	10.65	9.42	10.1	9.29	6.7	5.25
EBIT Margin(%)	5.71	6.03	7.36	7.58	9.08	9.96	10.38	9.97	8.51	5.91	4.73
Pre Tax Margin(%)	2.06	1.92	3.02	3.35	5.29	6.81	6.76	6.6	5.76	2.91	0.93
PAT Margin (%)	0.91	0.82	1.86	1.7	3.48	4.54	4.42	4.73	4.21	2.42	1.02
Cash Profit Margin (%)	1.7	1.7	2.88	3.21	4.96	5.63	5.49	5.96	5.38	3.57	1.95
ROA(%)	1.1	0.98	2.13	1.78	3.47	4.77	4.39	4.61	4.12	2.21	1.02
ROE(%)	5.77	5.71	12.77	11.29	21.19	25.58	21.95	21.61	17.95	9.52	4.76
ROCE(%)	15.75	15.89	18.56	16.38	19.38	26.96	28.41	25.27	21.35	13.8	12.15
Receivable days	138.27	150.98	161.49	178.33	184.65	167.1	164.48	157.12	150.44	139.32	126.75
Inventory Days	21.44	20.32	20.69	17.53	15.73	18.48	21.04	21.61	22.52	25.35	23.27
Payable days	207.13	235.85	245.08	214.93	172.15	157.76	194.14	223.67	231.5	239.73	215.22
PER(x)	22.84	26.07	12.75	21.23	17.54	21.8	15.54	8.43	19.09	29.35	66.63
Price/Book(x)	1.3	1.46	1.54	2.43	3.37	5.02	3.16	1.7	3.14	2.69	3.11
Dividend Yield(%)	0.87	0.89	1.13	0.82	0.77	0.61	0.9	1.83	0.97	1.05	0.66
EV/Net Sales(x)	0.43	0.47	0.48	0.74	0.84	1.15	0.84	0.58	0.93	0.9	0.84
EV/Core EBITDA(x)	6.48	6.46	5.6	7.93	7.83	10.38	7.36	5.21	9.64	12.18	14.9
Net Sales Growth(%)	20.03	13.22	7.16	0.59	0.78	17.1	9.43	8.77	9.6	4.79	25.76
EBIT Growth(%)	-24.1	19.94	30.61	3.59	20.47	26.44	13.58	4.53	-6.45	-27.27	0.59
PAT Growth(%)	-68.92	2.63	141.15	-8.16	106.15	50.37	6.14	16.26	-2.26	-39.92	-46.99
EPS Growth(%)	-68.92	2.62	141.18	-8.15	106.11	51.06	7.68	14.07	-2.26	-39.92	-46.99
Debt/Equity(x)	1.45	1.79	1.67	2.5	1.33	0.88	0.76	0.85	0.57	0.79	0.85
Current Ratio(x)	1.08	1.03	1.05	1.04	1.14	1.15	1.19	1.13	1.16	1.13	1.11
Quick Ratio(x)	0.99	0.94	0.97	0.99	1.07	1.07	1.11	1.05	1.07	1.04	1.03
Interest Cover(x)	1.57	1.47	1.69	1.79	2.4	3.16	2.87	2.96	3.1	1.97	1.25
Total Debt/Mcap(x)	1.12	1.22	1.08	1.03	0.39	0.18	0.24	0.5	0.18	0.29	0.27

KEC International Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	51.82	51.82	51.88	51.88	51.88	51.88	51.88	51.88	51.88	51.88
FII	12.25	12.19	12.17	11.58	12.62	12.6	11.58	11.25	10.9	12.45
DII	26.36	26.39	26.47	26.53	25.57	25.8	26.65	27.15	26.95	25.84
Public	9.58	9.6	9.48	10.02	9.94	9.72	9.89	9.72	10.28	9.83
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.32	13.32	13.34	13.34	13.34	13.34	13.34	13.34	13.34	13.34
FII	3.15	3.13	3.13	2.98	3.25	3.24	2.98	2.89	2.8	3.2
DII	6.78	6.79	6.8	6.82	6.57	6.63	6.85	6.98	6.93	6.64
Public	2.46	2.47	2.44	2.58	2.55	2.5	2.54	2.5	2.64	2.53
Others	0	0	0	0	0	0	0	0	0	0
Total	25.71	25.71	25.71	25.71	25.71	25.71	25.71	25.71	25.71	25.71

Pros

Debtor days have improved from 239.73 to 215.22days.

Cons

Company has a low return on equity of 11% over the last 3 years.
Stock is trading at 4.6 times its book value.
The company has delivered a poor profit growth of -17% over past five years.

* 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.

KEC International News

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

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KEC International

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KEC International Research see more...

Overview Inc. Year: 2005Industry: Engineering - Construction

KEC International Share Price

Alert Data

Quarterly Price

Peer Comparison

KEC International Quarterly Results

KEC International Profit & Loss

Growth Rates

KEC International Balance Sheet

KEC International Cash Flow

KEC International Ratios

KEC International Shareholding Pattern

KEC International News

IPO

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