Incorporated in 1968, KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas[1]
Business Overview:[1]Company manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables. It caters to retail and institutional markets and also provides Engineering, Procurement and Construction (EPC) services
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Polycab India | 7121.50 | 40.84 | 107246.55 | 0.49 | 630.17 | 35.87 | 7636.13 | 46.12 | 29.72 | 27005.12 | 14.33 | 2625.94 | 621.69 | 10.12 | 15.15 | 0.02 |
| 2. | KEI Industries | 4370.10 | 52.83 | 41767.94 | 0.09 | 203.51 | 31.46 | 2726.35 | 19.38 | 21.29 | 10703.71 | 10.04 | 790.62 | 203.51 | 6.75 | 11.70 | 0.04 |
| 3. | R R Kabel | 1475.50 | 41.36 | 16697.44 | 0.41 | 116.26 | 134.73 | 2163.77 | 19.54 | 19.77 | 8222.35 | 7.57 | 403.73 | 116.26 | 7.13 | 9.49 | 0.17 |
| 4. | Finolex Cables | 779.90 | 19.83 | 11929.28 | 1.03 | 186.89 | 27.93 | 1375.79 | 4.88 | 16.21 | 5548.00 | 10.26 | 601.51 | 186.89 | 2.48 | 11.25 | 0.00 |
| 5. | Universal Cables | 738.15 | 17.55 | 2564.94 | 0.54 | 47.68 | 160.83 | 814.29 | 27.61 | 8.58 | 2696.05 | 8.62 | 146.11 | 47.68 | 1.37 | 2.66 | 0.54 |
| 6. | KSH Internationa | 364.15 | 29.20 | 2472.00 | 0.00 | 29.59 | 128.85 | 712.15 | 50.73 | 21.45 | 1928.29 | 6.39 | 67.99 | 29.59 | – | 11.08 | 1.40 |
| 7. | V-Marc India | 657.40 | 26.25 | 1605.42 | 0.00 | 36.44 | 220.49 | 691.54 | 100.32 | 26.43 | 1251.20 | 11.27 | 61.17 | 36.44 | 7.11 | 6.60 | 1.07 |
| – | Median: 20 Co. | 306.85 | 19.83 | 1186.28 | 0.0 | 11.52 | 35.99 | 239.69 | 22.48 | 20.19 | 728.56 | 9.33 | 31.84 | 11.23 | 3.08 | 9.69 | 0.3 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,608 | 1,784 | 1,953 | 1,783 | 1,945 | 2,059 | 2,330 | 2,065 | 2,284 | 2,472 | 2,915 | 2,590 | 2,726 |
Expenses | 1,447 | 1,602 | 1,751 | 1,604 | 1,743 | 1,845 | 2,075 | 1,846 | 2,059 | 2,226 | 2,614 | 2,332 | 2,457 |
Operating Profit | 161 | 182 | 202 | 178 | 202 | 215 | 255 | 219 | 225 | 246 | 301 | 258 | 269 |
Other Income | 5 | 14 | 7 | 8 | 9 | 14 | 5 | 13 | 13 | 9 | 37 | 40 | 42 |
Profit before tax | 144 | 174 | 184 | 163 | 188 | 202 | 227 | 203 | 208 | 221 | 305 | 263 | 277 |
Tax % | 26% | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 26% | 27% |
Net Profit | 107 | 129 | 138 | 121 | 140 | 151 | 169 | 150 | 155 | 165 | 227 | 196 | 204 |
EPS in Rs | 11.85 | 14.26 | 15.31 | 13.46 | 15.54 | 16.70 | 18.70 | 16.65 | 17.15 | 17.25 | 23.71 | 20.49 | 21.29 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 1,619 | 2,031 | 2,326 | 2,628 | 3,459 | 4,227 | 4,884 | 4,181 | 5,727 | 6,912 | 8,104 | 9,736 | 10,704 |
Expenses | 1,466 | 1,838 | 2,083 | 2,359 | 3,120 | 3,785 | 4,388 | 3,726 | 5,138 | 6,206 | 7,267 | 8,745 | 9,629 |
Operating Profit | 153 | 193 | 242 | 269 | 339 | 442 | 496 | 456 | 589 | 706 | 838 | 991 | 1,074 |
Other Income | 1 | 5 | 5 | 10 | 9 | 7 | 16 | 20 | 15 | 28 | 49 | 72 | 128 |
Interest | 112 | 120 | 127 | 124 | 111 | 136 | 129 | 57 | 40 | 35 | 44 | 56 | 57 |
Depreciation | 21 | 25 | 25 | 28 | 32 | 34 | 57 | 58 | 55 | 57 | 61 | 70 | 78 |
Profit before tax | 22 | 53 | 95 | 126 | 204 | 279 | 327 | 360 | 508 | 642 | 781 | 937 | 1,067 |
Net Profit | 12 | 34 | 62 | 94 | 145 | 182 | 255 | 270 | 376 | 477 | 581 | 696 | 791 |
EPS in Rs | 1.57 | 4.43 | 8.05 | 12.06 | 18.45 | 23.04 | 28.50 | 29.92 | 41.75 | 52.93 | 64.39 | 72.88 | 82.74 |
Dividend Payout % | 13% | 9% | 6% | 5% | 5% | 5% | 5% | 7% | 6% | 6% | 5% | 5% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 15 | 15 | 15 | 16 | 16 | 16 | 18 | 18 | 18 | 18 | 18 | 19 | 19 |
Reserves | 258 | 288 | 351 | 445 | 589 | 763 | 1,489 | 1,756 | 2,117 | 2,571 | 3,130 | 5,767 | 6,169 |
Borrowings | 511 | 452 | 498 | 813 | 842 | 599 | 367 | 333 | 355 | 162 | 166 | 217 | 235 |
Other Liabilities | 460 | 585 | 598 | 622 | 770 | 1,387 | 1,395 | 902 | 1,036 | 1,019 | 1,342 | 1,232 | 1,585 |
Total Liabilities | 1,244 | 1,342 | 1,463 | 1,896 | 2,217 | 2,765 | 3,269 | 3,008 | 3,527 | 3,770 | 4,656 | 7,235 | 8,008 |
Fixed Assets | 314 | 298 | 328 | 405 | 407 | 489 | 554 | 537 | 531 | 567 | 770 | 993 | 1,128 |
Gross Block | 435.69 | 445.13 | 499.53 | 433.55 | 467.34 | 582.49 | 693.26 | 733.72 | 781.80 | 870.05 | 1,129.82 | 1,419.46 | – |
Accumulated Depreciation | 121.62 | 147.04 | 171.60 | 28.35 | 60.36 | 93.84 | 139.64 | 196.60 | 250.89 | 302.73 | 359.47 | 426.37 | – |
CWIP | 0 | 4 | 29 | 3 | 23 | 32 | 11 | 7 | 17 | 15 | 121 | 385 | 1,051 |
Investments | 3 | 3 | 3 | 3 | 3 | 2 | 1 | 1 | 2 | 1 | 2 | 2 | 2 |
Other Assets | 926 | 1,036 | 1,103 | 1,485 | 1,784 | 2,243 | 2,703 | 2,463 | 2,978 | 3,187 | 3,764 | 5,854 | 5,827 |
Total Assets | 1,244 | 1,342 | 1,463 | 1,896 | 2,217 | 2,765 | 3,269 | 3,008 | 3,527 | 3,770 | 4,656 | 7,235 | 8,008 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 83 | 198 | 185 | -29 | 189 | 624 | -13 | 154 | 229 | 514 | 611 | -32 |
Cash from Investing Activity | -22 | -17 | -98 | -63 | -76 | -275 | 11 | 75 | -58 | -137 | -353 | -1,501 |
Cash from Financing Activity | -73 | -181 | -87 | 229 | -68 | -386 | 99 | -129 | -31 | -256 | -72 | 1,919 |
Net Cash Flow | -11 | 0 | 1 | 137 | 45 | -37 | 97 | 101 | 139 | 121 | 186 | 386 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 97 | 86 | 89 | 114 | 108 | 95 | 102 | 118 | 89 | 73 | 68 | 67 |
Inventory Days | 122 | 109 | 96 | 114 | 97 | 94 | 103 | 102 | 96 | 79 | 84 | 87 |
Days Payable | 117 | 119 | 98 | 110 | 110 | 139 | 140 | 99 | 68 | 54 | 63 | 39 |
Cash Conversion Cycle | 101 | 76 | 87 | 119 | 95 | 49 | 66 | 121 | 117 | 99 | 89 | 115 |
Working Capital Days | 19 | 24 | 32 | 17 | 29 | 19 | 61 | 94 | 81 | 80 | 71 | 89 |
ROCE % | 18% | 22% | 27% | 23% | 23% | 29% | 28% | 21% | 24% | 26% | 27% | 21% |
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Stock Analysis
KEI Industries Ltd manufactures wires and cables (W&C) like EHV cables, HT cables, LT cables, and sells them in India and overseas. It caters to retail and institutional markets and also provides Engineering, Procurement and Construction (EPC) services.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
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