KEI Industries Ltd

KEI

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Market Cap

₹ 39,829 Cr

P/E

50.38

Turned 1 L into 8.49 L in last 5 Years

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

SLUGGISH

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

KEI Industries Limited is a leading Indian manufacturer and provider of advanced wire and cable solutions. It serves diverse sectors with a comprehensive product range, leveraging its extensive manufacturing capabilities in India.

The company reported a significant 19.38% YoY increase in revenue for Q-2 FY 26, with EBITDA margin improving to 11.43% and PAT margin rising to 7.46%.

KEI's capacity expansion efforts include a significant greenfield project in Ahmedabad and brownfield enhancements at existing plants, boosting annual capacity by Rs 1500-1600 crore.

With a pending order book of approximately 3,824 crore, KEI has reinforced its revenue visibility and market positioning.

Sales through the dealer/distribution network grew robustly, contributing over half of the total sales, reflecting the company's strong market penetration and distribution strategy.

Sector

Cables

Industry

Cables - Power - Large

Market Cap

39,829 Cr

Volatility

High Risk

P/E Ratio

50.4

Industry P/E

40.9

PEG Ratio

2.8

P/B Ratio

6.4

52W High

4,574.65

52W Low

2,443.70

Sales CAGR

19.89%

19.35%

14.79%

10Y

16.32%

Profit CAGR

19.92%

22.78%

22.24%

10Y

30.79%

ROE

TTM

12.78%

15.23%

15.55%

10Y

16.39%

ROCE

TTM

17.25%

21.20%

21.86%

10Y

25.15%

Technicals

‌

Forecasts

No. of Analysts

23

1Y Price Target

4602.70 ▲ 11.60%

Q3 EPS Estimate

Q3 Revenue Estimate

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Price, EPS and Revenue Projections

Strong SellSellHoldBuyStrong Buy

Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

updated on

Dec 03, 2025

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
KEI	4166.20	39,829 Cr	50.38	6.44	0.10	12.78	17.25	9.87
RRKABEL	1456.00	16,470 Cr	40.79	7.04	0.41	17.25	22.02	10.98
FINCABLES	758.00	11,597 Cr	17.46	2.03	1.06	11.65	15.10	9.98
DIACABS	142.10	7,470 Cr	121.15	0.00	0.00	-8.65	4.57	3.02
UNIVCABLES	891.55	3,104 Cr	21.24	1.66	0.45	7.81	10.28	3.72
DYCL	335.20	1,634 Cr	21.16	3.98	0.07	18.82	23.32	12.72
VMARCIND	668.55	1,633 Cr	45.33	8.62	0.00	27.08	25.29	7.55

Financial Statements

AI Powered Summary

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	1,783	1,945	2,059	2,319	2,061	2,280	2,467	2,915	2,590	2,726
Expenses	1,604	1,743	1,845	2,075	1,846	2,059	2,226	2,614	2,332	2,457
Operating Profit	178	202	215	245	215	221	241	301	258	269
OPM %	10.00	10.40	10.42	10.55	10.41	9.68	9.76	10.34	9.96	9.88
Other Income	8.33	9.32	14	15	18	17	14	37	40	42
Interest	8.94	7.53	11	17	14	13	14	14	15	14
Depreciation	15	16	15	16	16	16	19	19	20	20
Profit Before Tax	163	188	202	227	203	208	221	305	263	277
Tax %	25.53	25.59	25.57	25.81	25.89	25.53	25.49	25.76	25.64	26.60
Net Profit	121	140	151	169	150	155	165	227	196	204
EPS in Rs	12.67	14.64	15.74	17.60	15.69	16.18	17.84	23.68	20.46	21.28

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,832	3,503	4,231	4,888	4,182	5,727	6,908	8,104	9,736	10,252
Expenses	2,359	3,126	3,790	4,391	3,726	5,138	6,206	7,267	8,745	9,231
Operating Profit	473	377	441	497	455	589	702	838	991	1,021
OPM %	16.70	10.76	10.41	10.17	10.89	10.28	10.16	10.33	10.18	9.96
Other Income	9.90	9.28	7.19	17	20	15	32	49	72	107
Interest	124	112	136	129	57	40	35	44	56	56
Depreciation	28	32	34	57	58	55	57	61	70	75
Profit Before Tax	126	204	278	328	361	508	642	781	937	997
Tax %	25.72	29.19	35.03	21.83	25.20	25.91	25.65	25.64	25.67	25.62
Net Profit	94	145	181	256	270	376	477	581	696	742
EPS in Rs	—	—	18.76	26.67	28.26	39.15	49.83	60.64	73.39	83.26
Dividend Payout %	5.09	5.49	5.28	4.81	6.72	6.06	5.68	5.45	5.29	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	16	16	16	18	18	18	18	18	19
Reserves	352	446	589	762	1,489	1,756	2,118	2,571	3,130	5,767
Borrowings	437	692	750	506	315	333	355	162	166	217
Other Liabilities	660	742	865	1,480	1,447	902	1,036	1,019	1,342	1,232
Total Liabilities	1,464	1,896	2,220	2,764	3,269	3,009	3,527	3,770	4,656	7,235
Fixed Assets	328	405	407	489	554	537	531	567	770	993
CWIP	29	3.15	23	32	11	7.13	17	15	121	385
Investments	3.11	2.91	3.00	1.74	0.75	1.17	2.02	1.27	1.59	1.72
Other Assets	1,103	1,485	1,787	2,242	2,703	2,463	2,978	3,187	3,764	5,854
Total Assets	1,464	1,896	2,220	2,764	3,269	3,009	3,527	3,770	4,656	7,235

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	186	-29	191	623	-13	154	229	514	611	-32
Cash from Investing Activity	-98	-63	-76	-275	11	75	-58	-137	-353	-1,501
Cash from Financing Activity	-87	229	-69	-386	99	-129	-31	-256	-72	1,919
Net Cash Flow	1.12	137	45	-38	97	101	139	121	186	386

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	37.21%	37.10%	37.08%	37.08%	37.08%	37.08%	37.06%	35.02%	35.02%	35.02%	35.02%	35.00%
FIIs	27.36%	27.67%	29.57%	30.96%	31.01%	30.76%	31.10%	28.94%	29.75%	25.83%	26.59%	25.83%
DIIs	19.56%	19.55%	17.65%	16.05%	16.31%	16.55%	16.01%	20.58%	20.72%	23.51%	25.63%	26.71%
Public	15.87%	15.68%	15.70%	15.91%	15.61%	15.61%	15.83%	15.46%	14.51%	15.64%	12.76%	12.46%
Total Shareholders	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

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 13, 2025	Daya nand sharma	Insider - Designated Person	Disposal	4,028.92	0.36 Cr	900	0.00
Nov 13, 2025	Kali charan sharma	Insider - Designated Person	Disposal	4,031.57	4.33 Cr	10,741	0.01
Nov 13, 2025	Manoj kakkar	Insider - Designated Person	Disposal	4,033.79	1.41 Cr	3,500	0.00
Nov 03, 2025	Lalit sharma	Insider - Designated Person	Disposal	4,046.66	2.02 Cr	5,000	0.00
Oct 28, 2025	Adarsh kumar jain	Insider - Designated Person	Disposal	4,102.36	2.05 Cr	5,000	0.005
Sep 30, 2025	Nawal singh yadav	Insider - Employee	Acquisition	225.00	0.05 Cr	2,000	—
Sep 30, 2025	Daya nand sharma	Insider - Employee	Acquisition	225.00	0.07 Cr	3,000	0.00
Sep 30, 2025	Jashobant singha ray	Insider - Employee	Acquisition	225.00	0.03 Cr	1,500	0.002
Sep 30, 2025	Pawan kumar jain	Insider - Employee	Acquisition	225.00	0.07 Cr	3,000	0.00
Sep 30, 2025	Dilip kumar barnwal	Insider - Employee	Acquisition	225.00	0.07 Cr	3,000	0.00

Projection

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Actions

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Announcements

Last 7 days

Newest

Sentiment

ESG Rating

1 day ago

KEI Industries Receives ESG Rating of 72.8

KEI Industries Limited has been assigned an ESG Score of 72.8 by CARE ESG Ratings Limited, reflecting its strong capability in managing ESG risks.

Production Update

6 days ago

Launch of Commercial Production at Sanand Facility

KEI Industries has commenced the first phase of commercial production for LT/HT cables at its new manufacturing unit in Sanand, Ahmedabad.

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q2 FY26

Investor Presentation

Q1 FY26

Investor Presentation

Q4 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q3 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q2 FY25

Investor Presentation

Q2 FY25

Showing 1 - 8 of 29

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Financial Statements

AI Powered Summary

With a pending order book of approximately 3,824 crore, KEI has reinforced its revenue visibility and market positioning.

Sales through the dealer/distribution network grew robustly, contributing over half of the total sales, reflecting the company's strong market penetration and distribution strategy.

Sector

Cables

Industry

Cables - Power - Large

Market Cap

39,829 Cr

Volatility

High Risk

P/E Ratio

50.4

Industry P/E

40.9

PEG Ratio

2.8

P/B Ratio

6.4

52W High

4,574.65

52W Low

2,443.70

Sales CAGR

19.89%

19.35%

14.79%

10Y

16.32%

Profit CAGR

19.92%

22.78%

22.24%

10Y

30.79%

ROE

TTM

12.78%

15.23%

15.55%

10Y

16.39%

ROCE

TTM

17.25%

21.20%

21.86%

10Y

25.15%