Is KEI Industries a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that KEI Industries Ltd is a good quality company .

Is KEI Industries undervalued or overvalued?

The key valuation ratios of KEI Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is KEI Industries share price return in the past 10 years?

KEI Industries Ltd share price has appreciated 58% annually (CAGR) over the past ten years.

Is KEI Industries a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of KEI Industries Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

KEI Industries Ltd - Stock Valuation and Financial Performance

Name: KEI Industries
Brand: KEI Industries

BSE: 517569 | NSE: KEI | Cable | Mid Cap

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KEI Industries Share Price

₹4,331.25 12.05 0.28%
as on 27-Dec'24 16:59

10 Year X-Ray of KEI Industries:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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	65.3
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	571.2
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 ⓘ

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	58%	55.4%	56.4%	38.8%

Key Financial Parameters ⓘ

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	14.2
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

Recent Performance Summary

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 14.20%

Latest Financials - KEI Industries Ltd.

	Standalone	Consolidated
TTM EPS (₹)	65.4	65.3
TTM Sales (₹ Cr.)	8,721	8,721
BVPS (₹.) ⓘ	571.2	571.2
Reserves (₹ Cr.) ⓘ	5,439	5,439
P/BV ⓘ	7.56	7.56
PE ⓘ	66.08	66.12

From the Market
52 Week Low / High (₹)	2822.15 / 5040.40
All Time Low / High (₹)	0.36 / 5040.40
Market Cap (₹ Cr.)	41,271
Equity (₹ Cr.)	19.1
Face Value (₹)	2
Industry PE ⓘ	57.5

Management X-Ray of KEI Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of KEI Industries

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of KEI Industries

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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 Ltd Stock News

KEI Industries Ltd FAQs

What is the share price of KEI Industries?

Company share prices are keep on changing according to the market conditions. The closing price of KEI Industries on 27-Dec-2024 16:59 is ₹4,331.3.

What is the market cap of KEI Industries?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 27-Dec-2024 16:59 the market cap of KEI Industries stood at ₹41,271.1.

What is the P/E ratio of KEI Industries?

The latest P/E ratio of KEI Industries as of 27-Dec-2024 16:59 is 66.08.

What is the P/B ratio of KEI Industries?

The latest P/B ratio of KEI Industries as of 27-Dec-2024 16:59 is 7.56.

What is the 52-week high and low of KEI Industries?

The 52-week high of KEI Industries is ₹5,040.4 and the 52-week low is ₹2,822.2.

What is the TTM revenue of KEI Industries?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KEI Industries is ₹8,721 ( Cr.) .

About KEI Industries Ltd

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:

Extra High Voltage Cables
High Voltage Cables
Control Cables
House Wire
Winding Wires
Stainless Steel Wires
Thermocouple Extension/Compensating
Low Voltage Cables
Fire Survival / Resistant Cables
Single Core / Multicore Flexible Cables
Instrumentation Cables
Solar Cables
Marine & Offshore Cables
Rubber Cables

Certifications:

ISO 9001:2015
ISO 14001:2015
ISO 45001:2018
NABL
ACHILLES UVDB
CEOC
KEMA
NGCP
DNV-TAE00003U5
DNV-TAE00003U6
DNV-TAE00003U7
DNV-TAE00003U8

Awards and recognitions

2016-17: The company was awarded the Super brand status, a testimony to its consistent ability to deliver quality products, for the fifth consecutive year
2017-18: KEI was conferred with a Power Award (Second Prize) by Government of Karnataka Energy Department
2017-18: KEI was conferred with a prestigious memento for successful completion of 33 kV U.G. cable layout, from Ranni Pernnad 33 kV Sub Station to Perumthenaruvi.
2018-19: Awarded the prestigious Superbrand status in 2019 for exemplary performance achieved this esteemed recognition for the 7th time since 2011.

Milestones

1968: KEI industries was incorporated as a partnership company. The same year company commenced manufacturing of Switchboard Cables for DOT.
1985: The company started manufacturing of control, instrumentation and thermocouple cables
1993: The company commenced manufacturing of PVC/XLPE Power cables up to 3.3 KV.
1994: The company diversified its business activities by foraying into Stainless Steel drawings with pilot plant.
1995: The company launched an IPO.
1996: The company installed SSW plant at Bhiwadi.
1997: It established another plant at Bhiwadi for manufacturing of LT PVC / XLPE Cables.
2001: The company increased its manufacturing of rubber cables up to 11 KV.
2002: The company established JFTC Plant located at Silvassa.
2005: The company upgraded its JFTC Plant located at Silvassa to manufacture existing cable range.
2006: The company expanded Bhiwadi unit to manufacture up to 33 kV HT XLPE Cables with Dry curing inert nitrogen gas and with triple extrusion (Single cross head) process.
2006: The company introduced ERP Baan S/W system in the company.
2007: The company upgraded its Bhiwadi Unit to manufacture HT power cable up to 132 kV and LT cable. The same year company set up 100% EOU at Chopanki.
2009: Completed upgradation of HT cable capacity at Bhiwadi & Chopanki of up to 66 kV
2010: Technical know how agreement with BRUGG KABEL A.G., Switzerland for EHV cables ranging from 66 kV to 220 kV
2010: Commercial production of EHV cables ranging from 66 kV to 220 kV
2010: Proud recipient of Business Superbrand Award
2011: Certification of ISO 9001:2008, OHSAS 18001:2007, OHSAS 14001:2004
2011: Receipt of EHV cable order from KPTCL worth Rs 75 crore
2011: Successful redemption of FCCBs in November
2012: Receipt of EHV Cable order of Rs 138 crore from UPRNL
2012: Proud recipient of Consumer Superbrand Status
2013-14: New office at Singapore & Nigeria
2014-15: Strengthened Retail Network
2015-16: EPC contract for Sub Station of 220 kV
2015-16: Set up a subsidiary in Australia
2016-17: EHV Cable of up to 400 kV commissioned
2017-18: Executed order of `138 Crores of Uttar Pradesh Rajkiya Nirman Nigam Ltd.
2018-19: Increased its distribution strength to 1,450 channel partners, up from 1,284 in the previous year.
2019-20: The company added net 200 new dealers / distributors in the year, taking its channel partner strength to 1,650