KEI Industries Ltd Stock Analysis

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

BSE Share Price 02-Dec-2022 18:01
1616.20 30.00 (1.89%)

DeciZen - Make an Informed Decision on KEI Industries

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

KEI Industries Price Chart

P/E Ratio (CD) :
34.03
Market Cap :
14,576.9 Cr.
52-wk low :
905.2
52-wk high :
1,662.5
Bole Toh?

1. Is KEI Industries Ltd a good quality company?

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

2. Is KEI Industries Ltd 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.

3. Is KEI Industries Ltd a good buy now?

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

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

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 majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 0%0%15.4%18.3%16.3%16%20.9%21.8%15.2%17.5%-
Value Creation Index NANA0.10.30.20.10.50.60.10.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 002,0112,3512,6283,4664,2314,8884,1825,7276,529
YoY Gr. Rt. %-NANA16.9%11.8%31.9%22.1%15.5%-14.5%37%-
Adj EPS 004.17.711.217.725.429.528.940.947.4
YoY Gr. Rt. %-NANA88.5%45.9%58%43%16.3%-1.8%41.3%-
BVPS (₹) 0039.34758.476.498.1167196.1236.2259.9
Adj Net Profit 0031.559.487.3139200264260369428
Cash Flow from Ops. 00199186-28.8191623-13154229-
Debt/CF from Ops. 002.32.7-28.24.41-28.121.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA16.9%10.6%37%
Adj EPS NA29.5%17.3%41.3%
BVPS 032.23420.4
Share Price 56.8% 33% 46.4% 37%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 0010.417.721.126.12923.115.918.919.1
Op. Profit Mgn % 00910.310.29.811.110.410.910.39.9
Net Profit Mgn % 001.62.53.344.75.46.26.46.6
Debt to Equity 001.51.41.81.40.80.30.20.20
Working Cap Days 000157169170165170207155152
Cash Conv. Cycle 00095107110105116148116103

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 10.62%

Net Profit is growing at healthy rate in last 3 years 17.27%

Sales growth is good in last 4 quarters at 38.01%

Return on Equity has declined versus last 3 years average to 19.10%

Latest Financials - KEI Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 47.4 47.4
TTM Sales (₹ Cr.) 6,529 6,529
BVPS (₹.) 259.9 259.9
Reserves (₹ Cr.) 2,326 2,326
P/BV 6.22 6.21
PE 34.07 34.03
From the Market
52 Week Low / High (₹) 905.20 / 1662.45
All Time Low / High (₹) 0.36 / 1662.45
Market Cap (₹ Cr.) 14,577
Equity (₹ Cr.) 18
Face Value (₹) 2
Industry PE 29.9

Management X-Ray of KEI Industries :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of KEI Industries

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

KEI Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of KEI Industries on 02-Dec-2022 18:01 is : 1,616.2.
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 02-Dec-2022 18:01 the market cap of KEI Industries stood at ₹ 14,576.9.
The latest PE ratio of KEI Industries as of 02-Dec-2022 18:01 is 34.07.
The latest PB ratio of KEI Industries as of 02-Dec-2022 18:01 is 6.22
The 52-week high of KEI Industries is ₹ 1,662.5 and the 52-week low is ₹ 905.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of KEI Industries is ₹ 6,529 ( 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
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