NSE: KEC · BSE: 532714 · ISIN INE389H01022
KEC International Limited stock analysis
KEC International Limited ranks #3807 in the TickerSutra evidence-ranked universe with a score of 38/100 and 95% data confidence. The latest captured fundamentals show ROCE of 16.5%, quarterly sales growth of 0.0% and quarterly profit growth of -41.7%.Avoid / exit review
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹13,742cr | ₹1,001cr | ₹332cr | 7.0% |
| 2023 | ₹17,282cr | ₹920cr | ₹176cr | 5.0% |
| 2024 | ₹19,914cr | ₹1,359cr | ₹347cr | 7.0% |
| 2025 | ₹21,847cr | ₹1,683cr | ₹571cr | 8.0% |
| 2026 | ₹23,506cr | ₹1,869cr | ₹606cr | 8.0% |
| TTM | ₹23,506cr | ₹1,599cr | ₹554cr | 7.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
The intimation of closure of trading window for dealing in securities of the Company by Designated Persons and their Immediate Relatives with effect from October 01, 2026, is enclosed.
RoutineIntimation of Repayment of Commercial Paper (CP)BSE · 25 Sept 2026In terms of the SEBI Master Circular dated October 15, 2025, we hereby intimate that the entire redemption amount on the listed Commercial Paper has been paid on the due date.
RoutineKEC International Ltd - 532714 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationBSE · 23 Sept 2026Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of the Analyst/Institutional ....
RoutineKEC International Ltd - 532714 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderBSE · 14 Sept 2026We are pleased to enclose a copy of the press release with respect to new orders of Rs. 1,303 Crores secured by the Company. All the orders mentioned in the enclosed press release have ....
RoutineBagging/Receiving of orders/contracts (Sub-para 4-Para B)NSE · 14 Sept 2026KEC International Limited has informed the Exchange about Bagging/Receiving of orders/contracts (Sub-para 4-Para B)
MANAGEMENT COMMENTARY
Signals from filed documents
Together with backward integration through PVC compounding, these investments have strengthened supply chain resilience, expanded our value-added product portfolio and positioned us to address emerging opportunities across renewable energy, electric mobility, data centres, railway modernisation, defence infrastructure and next-generation communication networks. Alongside capacity expansion, we continued to enhance th
The Cables Business delivered strong results in FY26, with revenue growing to over ` 2,200 Crore, a 23% increase over the previous year. Order intake stood at around ` 2,500 Crore, reflecting an improving competitive position across both domestic and international markets. A standout driver of this growth was the continued expansion of the dealer and distribution network.
During FY26, the Company made meaningful advances in its high-performance product portfolio of E-beam and elastomeric cables, a segment with critical demand in defence, automotive and railway applications. Commercial production is expected to commence in FY27. Together with backward integration through PVC compounding, these investments have strengthened supply chain resilience, expanded our value-added product portf
Commercial production is expected to commence in FY27. Together with backward integration through PVC compounding, these investments have strengthened supply chain resilience, expanded our value-added product portfolio and positioned us to address emerging opportunities across renewable energy, electric mobility, data centres, railway modernisation, defence infrastructure and next-generation communication networks. A
Equipment such as EV-powered wheelbarrows and pallet trucks have enhanced on-site logistics, while automated plastering systems, reinforcement processing equipment and precast construction techniques have accelerated execution and improved construction quality. A range of specialised productivity tools, including automated fastening, reinforcement and rock-splitting solutions, continue to optimise resource utilisatio
KEC maintained a disciplined approach to capital allocation and financial management during the year. Net debt, including acceptances, stood at ` 6,722 Crore at year-end, due to delayed customer collections, strategic inventory build-up to mitigate supply chain volatility and temporary dispatch delays arising from geopolitical disruptions in the Middle East. Commodity price and foreign exchange risks continued to be
Supported by a team of 415 engineering and design specialists across our engineering centres in India, Brazil and Mexico, we deliver integrated technical solutions across all our businesses. Our multidisciplinary expertise, deep domain knowledge and extensive global project experience enable us to develop solutions that meet diverse technical, regulatory and customer requirements while optimising cost, quality and ex
GAIL and Engineers India honoured the Mumbai–Nagpur–Jharsuguda project team for achieving 1.46 million safe man-hours without a lost-time injury, while a leading infrastructure client recognised our exemplary safety performance on a slurry pipeline project. Internationally, the business secured direct approval from ADNOC for onshore pipeline works and advanced its qualification process with Saudi Aramco for pipeline
Review of management discussion and analysis of financial condition and results of operations. Review with the management, the statement of uses/application of funds raised through an issue (public issue, rights issue, preferential issue, qualified institutional placement etc.) and making appropriate recommendations to the Board to take up steps in this matter. Review the quarterly statement of deviation(s) including
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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