Past 10 year's financial track record analysis by Moneyworks4me indicates that KEI Industries Ltd is a good quality company.
The key valuation ratios of KEI Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of KEI Industries Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 23% | 27.5% | 23.4% | 23.3% | 29.3% | 28.1% | 21.1% | 24.1% | 26.1% | 27.5% | - |
| Value Creation Index ⓘ | 0.6 | 1.0 | 0.7 | 0.7 | 1.1 | 1.0 | 0.5 | 0.8 | 0.9 | 1.4 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 2,011 | 2,351 | 2,628 | 3,466 | 4,231 | 4,888 | 4,182 | 5,727 | 6,908 | 8,104 | 8,721 |
| Sales YoY Gr. | - | 16.9% | 11.8% | 31.9% | 22.1% | 15.5% | -14.5% | 37% | 20.6% | 17.3% | - |
| Adj EPS ⓘ | 4.1 | 7.7 | 11.2 | 17.7 | 25.4 | 29.5 | 28.9 | 40.9 | 52.2 | 63.7 | 69.1 |
| YoY Gr. | - | 88.5% | 45.9% | 58% | 43% | 16.3% | -1.8% | 41.3% | 27.7% | 21.9% | - |
| BVPS (₹) ⓘ | 39.3 | 47 | 58.4 | 76.4 | 98.1 | 167 | 196.1 | 236.2 | 286.3 | 347.7 | 383 |
| Adj Net Profit ⓘ | 31.5 | 59.4 | 87.3 | 139 | 200 | 264 | 260 | 369 | 471 | 574 | 624 |
| Cash Flow from Ops. ⓘ | 199 | 186 | -28.8 | 191 | 623 | -13 | 154 | 229 | 514 | 611 | - |
| Debt/CF from Ops. ⓘ | 2.3 | 2.7 | -28.2 | 4.4 | 1 | -28.1 | 2 | 1.5 | 0.3 | 0.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 16.8% | 13.9% | 24.7% | 17.3% | ||||
| Adj EPS ⓘ | 35.7% | 20.2% | 30.1% | 21.9% | ||||
| BVPSⓘ | 27.4% | 28.8% | 21% | 21.4% | ||||
| Share Price | 55.4% | 48.8% | 54.1% | 27.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 10.4 | 17.7 | 21.1 | 26.1 | 29 | 23.1 | 15.9 | 18.9 | 20 | 20 | 18.9 |
| Op. Profit Mgn % ⓘ | 9.6 | 10.3 | 10.2 | 9.8 | 11.1 | 10.4 | 10.9 | 10.3 | 10.2 | 10.3 | 10.3 |
| Net Profit Mgn % ⓘ | 1.6 | 2.5 | 3.3 | 4 | 4.7 | 5.4 | 6.2 | 6.4 | 6.8 | 7.1 | 7.2 |
| Debt to Equity ⓘ | 1.5 | 1.4 | 1.8 | 1.4 | 0.8 | 0.3 | 0.2 | 0.2 | 0.1 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 157 | 169 | 170 | 165 | 170 | 207 | 155 | 139 | 129 | 72 |
| Cash Conv. Cycle ⓘ | 0 | 95 | 107 | 110 | 105 | 116 | 148 | 116 | 102 | 94 | 46 |
Sales growth is growing at healthy rate in last 3 years 24.68%
Net Profit is growing at healthy rate in last 3 years 30.05%
Sales growth is good in last 4 quarters at 16.81%
Return on Equity has declined versus last 3 years average to 18.90%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 69.2 | 69.1 |
| TTM Sales (₹ Cr.) | 8,721 | 8,721 |
| BVPS (₹.) ⓘ | 383 | 383 |
| Reserves (₹ Cr.) ⓘ | 3,440 | 3,440 |
| P/BV ⓘ | 10.03 | 10.03 |
| PE ⓘ | 55.55 | 55.58 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 2695.00 / 5040.40 |
| All Time Low / High (₹) | 0.36 / 5040.40 |
| Market Cap (₹ Cr.) | 34,694 |
| Equity (₹ Cr.) | 18.1 |
| Face Value (₹) | 2 |
| Industry PE ⓘ | 52.7 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,011 | 2,351 | 2,628 | 3,465 | 4,231 | 4,888 | 4,182 | 5,727 | 6,908 | 8,104 |
| Operating Expenses ⓘ | 1,817 | 2,109 | 2,359 | 3,126 | 3,790 | 4,391 | 3,726 | 5,138 | 6,206 | 7,267 |
| Manufacturing Costs | 171 | 255 | 249 | 324 | 370 | 461 | 491 | 431 | 485 | 545 |
| Material Costs | 1,475 | 1,663 | 1,828 | 2,411 | 2,932 | 3,382 | 2,915 | 4,214 | 5,172 | 6,077 |
| Employee Cost | 62 | 83 | 103 | 133 | 156 | 203 | 185 | 169 | 195 | 219 |
| Other Costs ⓘ | 109 | 108 | 181 | 258 | 333 | 345 | 136 | 323 | 354 | 425 |
| Operating Profit ⓘ | 194 | 242 | 269 | 339 | 441 | 497 | 455 | 589 | 702 | 838 |
| Operating Profit Margin (%) | 9.6% | 10.3% | 10.2% | 9.8% | 10.4% | 10.2% | 10.9% | 10.3% | 10.2% | 10.3% |
| Other Income ⓘ | 2 | 6 | 10 | 9 | 7 | 17 | 20 | 15 | 32 | 49 |
| Interest ⓘ | 121 | 127 | 124 | 112 | 136 | 129 | 57 | 40 | 35 | 44 |
| Depreciation ⓘ | 25 | 25 | 28 | 32 | 34 | 57 | 58 | 55 | 57 | 61 |
| Exceptional Items ⓘ | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 53 | 96 | 126 | 204 | 278 | 328 | 360 | 508 | 642 | 781 |
| Tax ⓘ | 19 | 33 | 32 | 60 | 97 | 72 | 91 | 132 | 165 | 200 |
| Profit After Tax | 34 | 63 | 94 | 145 | 181 | 256 | 270 | 376 | 477 | 581 |
| PAT Margin (%) | 1.7% | 2.7% | 3.6% | 4.2% | 4.3% | 5.2% | 6.4% | 6.6% | 6.9% | 7.2% |
| Adjusted EPS (₹) | 4.4 | 8.1 | 12.0 | 18.5 | 22.9 | 28.6 | 30.0 | 41.7 | 52.9 | 64.4 |
| Dividend Payout Ratio (%) | 9% | 6% | 5% | 5% | 5% | 5% | 7% | 6% | 6% | 5% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 304 | 363 | 454 | 599 | 774 | 1,494 | 1,762 | 2,128 | 2,582 | 3,137 |
| Share Capital ⓘ | 15 | 15 | 16 | 16 | 16 | 18 | 18 | 18 | 18 | 18 |
| Reserves ⓘ | 288 | 348 | 439 | 583 | 759 | 1,476 | 1,744 | 2,110 | 2,564 | 3,119 |
| Minority Interest | 0 | 0 | 0 | 0 | -0 | -0 | -0 | -0 | -0 | 0 |
| Debt | 376 | 437 | 692 | 750 | 506 | 315 | 285 | 311 | 135 | 134 |
| Long Term Debt | 121 | 188 | 76 | 146 | 119 | 53 | 31 | 0 | 0 | 0 |
| Short Term Debt | 255 | 249 | 616 | 604 | 387 | 262 | 254 | 311 | 135 | 134 |
| Trade Payables | 481 | 434 | 481 | 628 | 1,021 | 1,169 | 742 | 763 | 748 | 1,008 |
| Others Liabilities ⓘ | 193 | 261 | 308 | 308 | 474 | 293 | 220 | 325 | 304 | 377 |
| Total Liabilities ⓘ | 1,354 | 1,495 | 1,935 | 2,285 | 2,774 | 3,271 | 3,009 | 3,527 | 3,770 | 4,656 |
Fixed Assets | ||||||||||
| Gross Block | 445 | 500 | 434 | 467 | 582 | 693 | 734 | 782 | 870 | 1,130 |
| Accumulated Depreciation | 147 | 172 | 28 | 60 | 94 | 140 | 197 | 251 | 303 | 359 |
| Net Fixed Assetsⓘ | 298 | 328 | 405 | 407 | 489 | 554 | 537 | 531 | 567 | 770 |
| CWIP ⓘ | 4 | 29 | 3 | 23 | 32 | 11 | 7 | 17 | 15 | 121 |
| Investmentsⓘ | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 2 |
| Inventories | 440 | 423 | 499 | 556 | 693 | 864 | 763 | 1,079 | 1,102 | 1,343 |
| Trade Receivables | 473 | 568 | 825 | 1,023 | 1,091 | 1,368 | 1,350 | 1,396 | 1,388 | 1,518 |
| Cash Equivalents | 5 | 6 | 33 | 77 | 195 | 214 | 221 | 360 | 537 | 700 |
| Others Assetsⓘ | 130 | 138 | 167 | 196 | 273 | 259 | 130 | 143 | 160 | 203 |
| Total Assets ⓘ | 1,354 | 1,495 | 1,935 | 2,285 | 2,774 | 3,271 | 3,009 | 3,527 | 3,770 | 4,656 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 199 | 186 | -29 | 191 | 623 | -13 | 154 | 229 | 514 | 611 |
| PBT ⓘ | 53 | 96 | 126 | 204 | 278 | 328 | 360 | 507 | 642 | 781 |
| Adjustment ⓘ | 150 | 161 | 166 | 150 | 172 | 190 | 121 | 96 | 84 | 103 |
| Changes in Working Capital ⓘ | 5 | -50 | -291 | -111 | 259 | -436 | -237 | -250 | -35 | -69 |
| Tax Paid ⓘ | -9 | -21 | -30 | -53 | -87 | -95 | -90 | -125 | -178 | -205 |
| Cash Flow From Investing Activity ⓘ | -17 | -98 | -63 | -76 | -275 | 11 | 75 | -58 | -137 | -353 |
| Capex | -17 | -98 | -62 | -65 | -122 | -80 | -23 | -60 | -98 | -400 |
| Net Investments | 0 | 0 | -1 | -12 | -157 | 78 | 94 | -1 | -55 | 27 |
| Others ⓘ | 0 | 0 | 1 | 1 | 4 | 13 | 4 | 2 | 16 | 21 |
| Cash Flow From Financing Activityⓘ | -182 | -87 | 229 | -69 | -386 | 99 | -129 | -31 | -256 | -72 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 2 | 2 | 2 | 502 | 8 | 6 | 2 | 1 |
| Net Proceeds from Borrowing ⓘ | 11 | 50 | -52 | 40 | -26 | -106 | -57 | -60 | -20 | 0 |
| Interest Paid ⓘ | -121 | -127 | -124 | -112 | -136 | -129 | -57 | -40 | -35 | -44 |
| Dividend Paid ⓘ | -2 | -3 | -4 | -5 | -8 | -23 | -18 | -22 | -27 | -28 |
| Others ⓘ | -71 | -7 | 407 | 6 | -219 | -144 | -5 | 86 | -176 | -1 |
| Net Cash Flow ⓘ | 0 | 1 | 137 | 45 | -38 | 97 | 101 | 139 | 121 | 186 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 11.27 | 18.76 | 22.91 | 27.49 | 26.33 | 22.59 | 16.55 | 19.33 | 20.27 | 20.31 |
| ROCE (%) | 23.02 | 27.51 | 23.42 | 23.25 | 29.3 | 28.11 | 21.13 | 24.1 | 26.07 | 27.47 |
| Asset Turnover Ratio | 1.59 | 1.77 | 1.65 | 1.66 | 1.67 | 1.62 | 1.33 | 1.75 | 1.89 | 1.92 |
| PAT to CFO Conversion(x) | 5.85 | 2.95 | -0.31 | 1.32 | 3.44 | -0.05 | 0.57 | 0.61 | 1.08 | 1.05 | Working Capital Days |
| Receivable Days | 80 | 75 | 90 | 96 | 91 | 92 | 119 | 87 | 74 | 65 |
| Inventory Days | 75 | 62 | 59 | 55 | 54 | 58 | 71 | 59 | 58 | 55 |
| Payable Days | 55 | 52 | 55 | 52 | 51 | 45 | 51 | 38 | 35 | 31 |
KEI Industries Limited (KEIIL) was established in 1968 as a partnership firm under the name Krishna Electrical Industries, with prime business activity of manufacturing house wiring rubber cables. Today, it is grown into an empire offering holistic wires & cables solutions with a global presence. Headquartered in New Delhi (India), the company offers an extensive range of cabling solutions. KEI manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) & Low Voltage (LV) power cables.
As an industry and market leader in India, and a preferred supplier for private and public sector clients in many parts of the world, the company is much more than just a cables and wires manufacturer and supplier. It is an end-to-end solutions provider, equipped with a product showcase that encompasses the complete range of cables and wires designed to meet the unique and niche needs of its diverse clients in Retail, Institutional (EHV + EPC) and Exports segments.
Business area of the company
KEI Industries is among India’s leading manufacturers and marketers of cables and wires, with a comprehensive product portfolio ranging from housing wires to Extra High Voltage (EHV) cables. It is one of the few manufacturers of EHV cables in India. Leveraging its in-house cable production, it has strategically forward integrated into the Engineering, Procurement and Construction (EPC) services for power and transmission projects.
Products & Solutions:
Certifications:
Awards and recognitions
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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