Is KEC International a good quality company?

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

Is KEC International undervalued or overvalued?

The key valuation ratios of KEC International Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is KEC International share price return in the past 10 years?

KEC International Ltd share price has appreciated 25.6% annually (CAGR) over the past ten years.

Is KEC International a good buy now?

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

KEC International Ltd - Stock Valuation and Financial Performance

Name: KEC International
Brand: KEC International

BSE: 532714 | NSE: KEC | Engineering - Construction | Small Cap

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KEC International Share Price

₹990.20 -5.15 -0.52%
as on 21-Nov'24 16:00

10 Year X-Ray of KEC International:

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 % ⓘ	19.4%	20%	20.1%	28.4%	29.6%	24.5%	23.9%	16.8%	12.2%	12.7%	-
Value Creation Index ⓘ	0.4	0.4	0.4	1.1	1.2	0.8	0.8	0.2	-0.1	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,592	7,690	7,566	9,037	10,118	10,471	11,852	12,573	15,413	17,383	18,072
Sales YoY Gr.	-	16.7%	-1.6%	19.4%	12%	3.5%	13.2%	6.1%	22.6%	12.8%	-
Adj EPS ⓘ	2.2	7.9	12.4	17.2	14.6	17.9	24.5	15.3	8.1	5.5	8.5
YoY Gr.	-	260.9%	56.7%	38.6%	-15.5%	23%	36.9%	-37.5%	-47.4%	-32%	-
BVPS (₹) ⓘ	43.2	53.8	64.4	79.3	97	110.4	136.9	150	154.2	158.5	185.7
Adj Net Profit ⓘ	56.6	204	320	443	374	461	631	394	207	141	227
Cash Flow from Ops. ⓘ	62.7	-37.3	1,545	774	171	120	833	104	576	335	-
Debt/CF from Ops. ⓘ	24.6	-68.7	1	1.7	9.2	18.2	2.1	23.5	4.7	9.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	11.4%	11.4%	13.6%	12.8%
Adj EPS ⓘ	10.7%	-17.7%	-39.3%	-32%
BVPSⓘ	15.5%	10.3%	5%	2.8%
Share Price	25.6%	28.8%	26.8%	66.1%

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 % ⓘ	5.3	16.4	21.1	24	16.5	17.3	19.8	10.7	5.3	3.5	5
Op. Profit Mgn % ⓘ	6.8	9.9	10.8	11.1	9.7	10.4	11	9.1	5.9	5.5	5
Net Profit Mgn % ⓘ	0.9	2.7	4.2	4.9	3.7	4.4	5.3	3.1	1.4	0.8	1.3
Debt to Equity ⓘ	1.4	1.9	0.9	0.7	0.6	0.8	0.5	0.6	0.7	0.8	0
Working Cap Days ⓘ	277	284	325	304	327	354	344	362	322	308	139
Cash Conv. Cycle ⓘ	15	57	95	87	70	50	38	25	-11	-52	16

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 13.62%

Debt to equity has declined versus last 3 years average to 0.81

Return on Equity has declined versus last 3 years average to 5.00%

Net Profit has been subdued in last 3 years -39.29%

Sales growth is not so good in last 4 quarters at 9.55%

Latest Financials - KEC International Ltd.

	Standalone	Consolidated
TTM EPS (₹)	8.5	15.8
TTM Sales (₹ Cr.)	18,072	20,797
BVPS (₹.) ⓘ	185.7	189.9
Reserves (₹ Cr.) ⓘ	4,891	5,003
P/BV ⓘ	5.36	5.24
PE ⓘ	116.58	62.85

From the Market
52 Week Low / High (₹)	566.30 / 1074.95
All Time Low / High (₹)	21.73 / 1074.95
Market Cap (₹ Cr.)	26,496
Equity (₹ Cr.)	53.2
Face Value (₹)	2
Industry PE ⓘ	35.9

Management X-Ray of KEC International:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

Valuation of KEC International

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of KEC International

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	6,592	7,690	7,566	9,037	10,118	10,471	11,852	12,573	15,413	17,383
Operating Expenses ⓘ	6,205	6,949	6,806	8,057	9,139	9,380	10,552	11,430	14,503	16,438
Manufacturing Costs	1,385	1,706	1,528	1,808	2,405	2,380	2,931	3,296	4,121	4,172
Material Costs	3,844	4,060	3,916	5,001	5,334	5,232	5,875	6,406	8,312	10,031
Employee Cost	357	450	506	562	630	743	767	850	997	1,107
Other Costs ⓘ	618	734	857	685	770	1,026	979	877	1,073	1,129
Operating Profit ⓘ	388	741	760	981	979	1,091	1,300	1,144	911	945
Operating Profit Margin (%)	5.9%	9.6%	10.0%	10.8%	9.7%	10.4%	11.0%	9.1%	5.9%	5.4%
Other Income ⓘ	178	37	64	36	228	141	52	94	81	91
Interest ⓘ	313	322	285	279	366	369	333	359	539	699
Depreciation ⓘ	70	118	115	95	106	118	122	123	127	146
Exceptional Items ⓘ	0	0	0	0	0	0	0	-143	-76	0
Profit Before Tax ⓘ	182	339	424	641	735	745	897	613	250	192
Tax ⓘ	72	143	142	211	238	200	251	178	70	44
Profit After Tax	111	195	282	430	498	546	646	434	180	148
PAT Margin (%)	1.7%	2.5%	3.7%	4.8%	4.9%	5.2%	5.5%	3.5%	1.2%	0.8%
Adjusted EPS (₹)	4.3	7.6	11.0	16.7	19.4	21.2	25.1	16.9	7.0	5.7
Dividend Payout Ratio (%)	21%	13%	15%	14%	14%	16%	16%	24%	43%	70%

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	1,111	1,382	1,656	2,039	2,494	2,838	3,520	3,856	3,964	4,076
Share Capital ⓘ	51	51	51	51	51	51	51	51	51	51
Reserves ⓘ	1,059	1,331	1,604	1,987	2,443	2,787	3,468	3,804	3,912	4,024
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,461	2,510	1,462	1,293	1,522	1,954	1,771	2,439	2,556	3,067
Long Term Debt	208	167	261	401	378	138	172	196	233	17
Short Term Debt	1,252	2,342	1,201	893	1,144	1,816	1,599	2,243	2,323	3,050
Trade Payables	2,862	2,649	2,974	4,451	4,617	4,736	5,841	6,255	7,841	8,649
Others Liabilities ⓘ	712	1,448	1,599	1,952	2,467	2,592	2,314	2,633	1,653	1,711
Total Liabilities ⓘ	6,145	7,989	7,690	9,735	11,100	12,120	13,446	15,182	16,013	17,501
Fixed Assets
Gross Block	1,095	1,196	1,242	1,288	1,418	1,564	1,618	1,782	1,872	2,051
Accumulated Depreciation	370	439	530	602	690	807	909	1,015	1,093	1,218
Net Fixed Assetsⓘ	724	757	712	686	728	757	709	767	779	833
CWIP ⓘ	12	7	4	71	5	9	18	2	8	7
Investmentsⓘ	7	81	122	318	436	616	807	964	1,076	1,159
Inventories	372	253	270	448	469	597	681	706	767	886
Trade Receivables	3,227	4,384	3,949	4,835	4,734	5,223	5,212	4,713	3,940	3,756
Cash Equivalents	126	69	155	214	247	96	182	210	181	161
Others Assetsⓘ	1,677	2,439	2,477	3,163	4,480	4,822	5,838	7,819	9,262	10,701
Total Assets ⓘ	6,145	7,989	7,690	9,735	11,100	12,120	13,446	15,182	16,013	17,501

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 ⓘ	63	-37	1,545	774	171	120	833	104	576	335
PBT ⓘ	182	339	424	641	735	745	897	613	250	192
Adjustment ⓘ	242	515	543	357	258	442	466	541	617	780
Changes in Working Capital ⓘ	-242	-769	666	-12	-552	-733	-323	-803	-105	-424
Tax Paid ⓘ	-120	-122	-87	-212	-270	-334	-207	-248	-186	-212
Cash Flow From Investing Activity ⓘ	127	-103	-153	-347	-94	-292	-179	-361	-297	-267
Capex	128	-8	-58	-133	-85	-113	-70	-110	-137	-203
Net Investments	0	0	0	0	0	0	0	0	0	0
Others ⓘ	-1	-95	-95	-214	-9	-179	-109	-251	-160	-64
Cash Flow From Financing Activityⓘ	-154	36	-1,327	-374	-108	105	-600	293	-309	-95
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-33	-76	30	155	-35	-105	-94	22	200	-166
Interest Paid ⓘ	-246	-235	-210	-169	-290	-243	-332	-240	-447	-565
Dividend Paid ⓘ	-17	-58	-1	-41	-61	-156	-1	-103	-103	-77
Others ⓘ	143	404	-1,146	-318	278	609	-174	612	41	713
Net Cash Flow ⓘ	36	-105	65	53	-31	-67	54	36	-30	-26

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 (%)	10.33	15.68	18.55	23.28	21.96	20.47	20.32	11.78	4.61	3.67
ROCE (%)	19.4	20.01	20.05	28.36	29.59	24.52	23.87	16.77	12.16	12.68
Asset Turnover Ratio	1.11	1.12	0.99	1.04	0.97	0.9	0.93	0.88	0.99	1.04
PAT to CFO Conversion(x)	0.57	-0.19	5.48	1.8	0.34	0.22	1.29	0.24	3.2	2.26
Working Capital Days
Receivable Days	177	176	197	177	173	174	161	144	102	81
Inventory Days	19	14	12	14	17	19	20	20	17	17
Payable Days	272	212	180	160	198	246	247	240	220	238

KEC International Ltd Stock News

KEC International Ltd FAQs

What is the share price of KEC International?

Company share prices are keep on changing according to the market conditions. The closing price of KEC International on 21-Nov-2024 16:00 is ₹990.2.

What is the market cap of KEC International?

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 21-Nov-2024 16:00 the market cap of KEC International stood at ₹26,496.2.

What is the P/E ratio of KEC International?

The latest P/E ratio of KEC International as of 21-Nov-2024 16:00 is 116.6.

What is the P/B ratio of KEC International?

The latest P/B ratio of KEC International as of 21-Nov-2024 16:00 is 5.36.

What is the 52-week high and low of KEC International?

The 52-week high of KEC International is ₹1,075 and the 52-week low is ₹566.3.

What is the TTM revenue of KEC International?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of KEC International is ₹18,072 ( Cr.) .

About KEC International Ltd

KEC International Limited, headquartered in Mumbai, India, is the flagship company of the RPG Group. An Engineering, Procurement, and Construction (EPC) major, the company deliver projects in key infrastructure sectors such as Power Transmission & Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, and Cables. Its robust and integrated capabilities span the entire spectrum of ‘concept to commissioning’. It has successfully executed complex projects across some of the world’s most difficult terrains and conditions aided by robust project management and execution capabilities. It has unrivalled expertise in manufacturing and testing, with a footprint extending across India, Dubai, Brazil, and Mexico.

The company has prided itself for its unmatched expertise across EPC, backed by a strong, customer-centric approach, quest for world-class quality, and ‘safety-first’ attitude. Integrity in its actions and respect for people, environment and its stakeholders are the cornerstones of its corporate responsibility. Empowered by a mindset driven to outperform and excel, it builds infrastructure for the world of tomorrow.

Business area of the company

Power Transmission & Distribution: The company is a global leader in the Power Transmission & Distribution EPC space. This is the largest business vertical of the company. The company has capabilities to design, manufacture, test, supply and erect transmission lines on turnkey basis, along with end-to-end solutions for underground HT and EHV cabling works. The company also executes turnkey EPC projects that involve High Voltage Electrical Switching and Distribution Substations across the globe.

Cables: The company is one of the leading manufacturers of power and telecom cables in India. It has two state-of-the-art manufacturing facilities located in Vadodara (Gujarat) and Mysore (Karnataka). It pioneered the production of XLPE cables in India. It has a diverse clientele across industries including power, oil & gas, steel, engineering, electricity supply, etc. The company is also amongst the leading Indian exporters of cables. The company is well equipped with testing facilities as per various national and international specifications.

Railways: The company is an integrated player in the Railway EPC industry, providing complete turnkey solutions for all types of railway contracts. The company has integrated backwards to manufacture contact & catenary conductors, signalling cables as well as galvanised steel structures for railways.

Solar: In line with the government’s increased focus on Renewable Energy sector, the company has made a move to carve out its presence in the sector by providing Solar EPC services for large solar PV projects developed by private players and roof-top PV solutions for Industrial and Commercial consumer.

Civil business: The company’s Civil business focuses on the construction of factories, warehouses, residential buildings, railway stations, metros, and sewage & water treatment plants, and comprises of four verticals - A. Infrastructure & Heavy Civil (Metro & Water Projects), B. Industrial & Hydrocarbon (Factories), C. Residential & Public Spaces (Buildings, Commercial Spaces), D. Defence (Civil projects in Defence sector). It provides professional EPC services in an area dominated either by small unorganised players or by very few large companies.

Smart Infrastructure: RPG Smart Infra, a division of KEC International, helps Cities with implementation & commissioning of these technologies along with operating & maintaining them, and training the City administrators to manage the infrastructure. KEC brings in decades of experience in projects across utilities, railways, solar and civil infrastructure along with its strong financial fundamentals and an appetite to take on large scale projects.

Awards & Recognition

2008:

Corporate Leadership Award, 2008.
Amity Corporate Excellence Award, 2008.

2009:

Best CFO Award, 2009.

2010:

Best Employer Awards.

2011:

National HRD Network (NHRDN) Awards 2011.
CII Design Excellence Awards, 2011.
Green IT Enterprise Award 2011.

2012:

Certificate of Merit at India Manufacturing Excellence Awards, 2012.
Export Excellence Awards.

2013:

Best Employer Award, 2013 by Aon Hewitt.
KEC Jaipur tower manufacturing unit won the Best Employer Award 2012.
Indo-American Corporate Excellence Award for Best Indian Company in the US in Manufacturing, 2013.
BML Munjal Award for Excellence in Learning and Development, 2013.
National Award for Innovative Talent Development Practices, 2013.

2014:

KEC International has won the following two prestigious awards from Power Grid Corporation of India (PGCIL).
KEC International Jabalpur unit won Outstanding Achiever for Export Award 2014.
Third time in a row KEC’s Jaipur tower manufacturing unit won the “Best Employer Award 2013” by Employer Association, Rajasthan.

2015:

For the third consecutive year, PGCIL appreciated KEC’s work by conferring three of its most coveted awards to KEC.
Dun & Bradstreet recognized KEC International as ‘The Leading Infrastructure Company in Power Sector’ at D&B’s Infra Awards 2015 held in Delhi in October 2015.
Best Employer Award 2014.

2016:

Awards for Quality & Excellence from National Grid of Saudi Arabia.
Outstanding Performance at the ZTE India Partners Meet 2016.
Industry Honour for Outstanding Contribution in Power EPC, at the 6th EPC World Awards.
KEC wins Best Performing Contractor 2016 Award.

2017:

Supply Chain Plants win India Manufacturing Excellence Award
KEC receives the ‘Special Trophy - Excellence in Engineering Process Outsourcing Services’ at EEPC India’s Western Regional Awards for 2015-16.
KEC wins Butibori Morarjee Rolling Trophy at CCQC.
Rising Star Solar PV EPC Company Award.

2018:

Gold Award in Construction for Civil business at 17th Annual Greentech Safety Awards 2018.
Gold Award for Jaipur Manufacturing plant at the SEEM National Energy Management Awards (SNEMA) 2017.
Diamond Award for Vadodara Manufacturing plant at Quality Circle Forum of India.
Outstanding Performance in CSR by Employer Association of Rajasthan.
Greentech Safety Award for Power Transmission.
Best CSR Activity at Construction Times Awards 2018.
KEC plants win Gold & Silver at SNEMA Awards 2017.
Award for Maximum Capitalisation in Transmission Line Construction from PGCIL.

2019:

Company of The Year award at the 2019 Dun & Bradstreet Infra Awards.
Project of the Year award for 220 kV Srinagar-Leh Transmission System project at the 2019 Dun & Bradstreet Infra Awards.
Significant Contribution to Innovation in India at the 15th I-ACE Awards.
Best Executed Landmark Project Award at Nepal Infrastructure & Construction Excellence Awards 2019.
Excellence in Infrastructure Award at the Rail & Metro Award 2019.

Milestone

1945: Established for manufacturing, enameling, trading for Hollowware.
1950: First tower supply order for Bhakra Nangal Project, India.
1959: First 220 kV turnkey transmission line project in India.
1960: First export tower supply export order from New Zealand.
1961: First Indian company to get a Railway Electrification order.
1968: First international turnkey transmission project in Sudan.
1982: Taken over by RPG Group.
1999: First 765 kV transmission project.
2007: RPG Transmission and NITEL merged. Telecom, Distribution SBU started.
2009: Railway SBU started.
2010: Acquired SAE towers in the Americas.
2010: Acquired and merged RPG Cables.
2010: World’s Highest capacity (1,200 kV) tower testing station started at Nagpur, India and tested first 1200 kV tower.
2011: Forays into Water EPC Business.
2012: Established a world-class greenfield facility at Vadodara, Gujarat for Manufacturing of high tension (HT) and extra high voltage (EHV) power cables.
2015: First 765 kV GIS Substation in Thiruvalam, which is also a first-of-its-kind in South India.
2017: KEC expands its business portfolio to include Smart Infrastructure with a focus on Smart Cities & Communication, Smart Mobility and Smart Utility.
2020: KEC acquired a state-of-the-art automated transmission tower manufacturing facility in mainland Dubai, with a capacity of 50,000 tonnes per annum.