KEC International Ltd. (KEC) AI Stock Analysis

• Market Cap: ₹140.71B
• Dividend Yield: 0.74%
• Average Volume (3M): 87.24K
• Price to Earnings (P/E): 38.5
• Beta (1Y): 1.79
• Revenue Growth: 12.21%
• EPS Growth: 56.50%
• Country: IN
• Employees: 6,450
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 6.60
• Shares Outstanding: 266,200,000
• 10 Day Avg. Volume: 38,375
• 30 Day Avg. Volume: 87,240
• PEG Ratio: 0.59
• Price to Book (P/B): 3.88
• Price to Sales (P/S): 0.96
• P/FCF Ratio: 87.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹872.50
• Price Target Upside: 16.82% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 41.57
• Revenue Forecast (FY): ₹286.86B

• Rating: 66 Neutral
• Price Target: ₹566.00 ▼(-24.22% Downside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is supported primarily by solid financial performance (revenue growth and improved operating profitability with moderate leverage). Offsetting this, technical indicators are notably weak with a clear downtrend and negative momentum, and valuation is less attractive due to a high P/E and modest dividend yield.

Positive Factors

Revenue growth and rising EBIT margin

Sustained double-digit revenue growth combined with a materially improved EBIT margin indicates durable demand and better project execution. Over the next 2–6 months this supports cash generation, pricing power on bids and the ability to absorb project start-up costs while reinvesting in capacity.

Negative Factors

Thin net profit and declining EBITDA margin

Low net margins and a falling EBITDA margin indicate limited earnings buffer against cost shocks or project delays. For an EPC firm, this magnifies the impact of overruns, penalties or input inflation and can materially depress sustainable profitability across project cycles.

KEC International Ltd. Business Overview & Revenue Model

Company Description

KEC International Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, tests, supplies, and erects transmission lines on turnkey basis; and undertakes EPC proj...

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KEC International Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, tests, supplies, and erects transmission lines on turnkey basis; and undertakes EPC proj...

How the Company Makes Money

KEC generates revenue primarily through its EPC contracts, where it undertakes large-scale projects for government and private sector clients. The company's key revenue streams include power transmission and distribution projects, railway electrif...

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KEC generates revenue primarily through its EPC contracts, where it undertakes large-scale projects for government and private sector clients. The company's key revenue streams include power transmission and distribution projects, railway electrif...

KEC International Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	230.26B	215.37B	195.95B	169.97B	135.14B	129.93B
Gross Profit	48.31B	45.87B	39.70B	33.53B	30.38B	33.68B
EBITDA	17.15B	15.64B	12.62B	8.56B	8.68B	11.66B
Net Income	6.83B	5.71B	3.47B	1.76B	3.32B	5.53B
Balance Sheet
Total Assets	236.13B	221.80B	190.31B	172.79B	163.39B	140.48B
Cash, Cash Equivalents and Short-Term Investments	6.41B	6.56B	2.06B	2.87B	2.77B	2.03B
Total Debt	53.08B	39.57B	39.85B	33.83B	30.65B	20.66B
Total Liabilities	179.70B	168.32B	149.36B	135.07B	127.19B	106.88B
Stockholders Equity	56.43B	53.47B	40.96B	37.71B	36.20B	33.60B
Cash Flow
Free Cash Flow	-10.70B	2.37B	737.60M	4.28B	-4.27B	6.64B
Operating Cash Flow	-9.17B	4.19B	3.11B	6.07B	-2.84B	8.45B
Investing Cash Flow	-1.25B	-678.70M	-2.23B	-1.35B	-2.05B	-1.27B
Financing Cash Flow	7.98B	-321.20M	-1.45B	-4.01B	4.96B	-6.64B

KEC International Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 746.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KEC, the sentiment is Negative. The current price of 746.9 is above the 20-day moving average (MA) of 542.14, above the 50-day MA of 590.53, and below the 200-day MA of 757.47, indicating a bearish trend. The MACD of -18.54 indicates Negative momentum. The RSI at 40.14 is Neutral, neither overbought nor oversold. The STOCH value of 20.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KEC.

KEC International Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KEC	66 Neutral	₹140.71B	38.53	―	0.74%	12.21%	56.50%
RITES	64 Neutral	₹91.77B	28.60	―	3.24%	-5.23%	3.21%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
IRCON	63 Neutral	₹117.52B	41.51	―	1.56%	-13.85%	-34.81%
POWERMECH	61 Neutral	₹59.92B	19.27	―	0.05%	28.54%	19.19%
KIRLOSBROS	59 Neutral	₹111.48B	25.72	―	0.43%	4.16%	-0.73%

KEC International Ltd. Corporate Events