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KEI Industries Ltd Stock Analysis

Mid Cap
Evaluated by 1993 users | BSE: 517569 | NSE: KEI |
Cable

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
KEI Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Capital Employed 00015.39%18.3%16.3%15.97%20.9%21.79%15.36%-
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 0002,0112,3512,6283,4664,2314,8884,1824,454
Y-o-Y Gr. Rt.-NANANA16.9%11.8%31.9%22.1%15.5%-14.5%-
Adjusted EPS (Rs.) 0004.087.6911.2217.7325.3629.4829.3633.76
Y-o-Y Gr. Rt.-NANANA88.5%45.9%58%43%16.3%-0.4%-
Book Value per Share (Rs.) 00039.3447.0158.4276.4298.11166.95196.59204.12
Adjusted Net Profit 00031.559.487.3139200264264304
Net Op. Cash Flow (Rs. Cr.) 000199186-28.8191623-13154-
Debt to Cash Flow from Ops 0002.282.68-28.24.420.96-28.141.98-
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
KEI Industries Ltd. should be analysed on a Consolidated basis
CAGR
CAGR Colour Code Guide
  10 yrs 5 yrs 3 yrs 1 yr
Net Sales NA12.2%6.5%-14.5%
Adjusted EPS NA30.7%18.3%-0.4%
Book Value per Share 033.13717.8
Share Price 50.9% 50.6% 50.1% 188.1%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity (%) 00010.3817.7121.0826.0728.9623.0916.0616.85
Operating Profit Margin (%) 000910.310.249.7911.1210.4311.0111.27
Net Profit Margin (%) 0001.572.533.334.014.735.46.316.83
Debt to Equity 0001.491.371.791.410.770.250.17-
Working Capital Days 0000157169170165170207-
Cash Conversion Cycle 000095107110105116148-
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Entity Percentage Holding
Promoters 39.23%
Institutions 44.01%
Non-Institutions 16.76%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Past 10 year's financial track record analysis by Moneyworkds4me indicates that KEI Industries Ltd is a average quality company.

KEI Industries Ltd's earnings have grown by 30.7%, whereas share price has appreciated 50.6% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.

KEI Industries Ltd share price has appreciated 50.9% annually (CAGR) over the past ten years.

Past 10 years financial track record analysis and assessment of future prospects by Moneyworks4me indicates that KEI Industries Ltd is an average long term investment. However, you need to ensure you buy at a right price to earn good returns.

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

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
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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