KEI Industries Limited (KEI) AI Stock Analysis

• Market Cap: ₹383.82B
• Dividend Yield: 0.09%
• Average Volume (3M): 10.74K
• Price to Earnings (P/E): 44.6
• Beta (1Y): 1.42
• Revenue Growth: 22.68%
• EPS Growth: 20.52%
• Country: IN
• Employees: 1,849
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 24.60
• Shares Outstanding: 95,600,590
• 10 Day Avg. Volume: 19,895
• 30 Day Avg. Volume: 10,737
• PEG Ratio: 2.14
• Price to Book (P/B): 4.51
• Price to Sales (P/S): 2.68
• P/FCF Ratio: -35.74
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ₹4,372.00 ▲(6.51% Upside)

KEI Industries Limited's strong financial performance is offset by cash flow challenges and high valuation metrics. The technical analysis suggests a neutral market position, contributing to a moderate overall score.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term financial health.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and provides flexibility for future investments and growth opportunities.

Profit Margins

Sustained profit margins reflect efficient cost management and operational efficiency, supporting long-term profitability and competitive positioning.

Negative Factors

Cash Flow Challenges

Cash flow management issues could hinder the company's ability to fund operations and growth, impacting financial flexibility and stability.

Free Cash Flow Management

High free cash flow to net income ratio suggests inefficiencies in cash utilization, potentially affecting liquidity and investment capacity.

Investor Relations

Errors in investor presentations can undermine credibility and investor confidence, affecting stakeholder trust and market perception.

KEI Industries Limited Business Overview & Revenue Model

Company Description

KEI Industries Limited (KEI) is a prominent Indian manufacturer and supplier of cables and wires, specializing in the production of a diverse range of electrical products. The company operates primarily in three sectors: power, telecommunications, and specialty cables. KEI's core products include low tension (LT) and high tension (HT) cables, instrumentation cables, and house wires, catering to various industries such as infrastructure, power generation, and renewable energy.

How the Company Makes Money

KEI Industries generates revenue through multiple streams, primarily by selling its extensive range of cables and wires to various sectors, including power utilities, construction, and telecommunications. The company benefits from long-term contracts with government and private entities for large-scale infrastructure projects, which provides a stable income source. Additionally, KEI engages in exports to international markets, further enhancing its revenue. Strategic partnerships with key players in the energy and construction sectors also contribute to its earnings by ensuring a consistent demand for its products. The company's focus on innovation and quality allows it to maintain competitive pricing and improve margins, ultimately bolstering its financial performance.

KEI Industries Limited Financial Statement Overview

Summary

KEI Industries Limited shows strong revenue growth and profitability with a solid balance sheet, but faces cash flow challenges that need addressing.

Income Statement

KEI Industries Limited has demonstrated strong revenue growth with a 6.68% increase in the latest year, building on previous growth. The company maintains a healthy gross profit margin of 23.21% and a net profit margin of 7.15%, indicating efficient cost management and profitability. The EBIT and EBITDA margins are also robust at 9.46% and 10.18%, respectively, showcasing operational efficiency.

Balance Sheet

The balance sheet reflects a solid financial position with a low debt-to-equity ratio of 0.038, indicating low leverage and financial risk. The return on equity is strong at 12.04%, suggesting effective use of equity capital. The equity ratio of 79.99% highlights a stable capital structure with significant equity financing.

Cash Flow

Cash flow analysis reveals challenges, with negative operating cash flow and free cash flow in the latest year. The free cash flow to net income ratio is exceptionally high at 22.66, indicating potential cash flow management issues. Despite previous positive cash flow trends, recent figures suggest a need for improved cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2020
Income Statement
Total Revenue	102.52B	97.36B	81.04B	69.08B	57.27B	48.88B
Gross Profit	23.44B	22.59B	11.56B	15.86B	13.63B	13.20B
EBITDA	11.28B	9.91B	8.73B	6.96B	5.83B	5.06B
Net Income	7.42B	6.96B	5.81B	4.77B	3.76B	2.56B
Balance Sheet
Total Assets	0.00	72.35B	46.56B	37.70B	35.27B	32.69B
Cash, Cash Equivalents and Short-Term Investments	10.52B	19.15B	6.95B	4.80B	3.59B	1.20B
Total Debt	0.00	2.17B	1.66B	1.62B	3.55B	3.84B
Total Liabilities	-57.86B	14.49B	15.08B	11.81B	13.92B	17.62B
Stockholders Equity	57.86B	57.86B	31.48B	25.89B	21.36B	15.07B
Cash Flow
Free Cash Flow	0.00	-7.30B	2.11B	4.16B	1.70B	-935.60M
Operating Cash Flow	0.00	-322.13M	6.11B	5.14B	2.29B	-130.30M
Investing Cash Flow	0.00	-15.01B	-3.53B	-1.37B	-583.56M	110.13M
Financing Cash Flow	0.00	19.19B	-717.64M	-2.56B	-313.54M	994.08M

KEI Industries Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4104.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KEI, the sentiment is Neutral. The current price of 4104.7 is below the 20-day moving average (MA) of 4178.19, below the 50-day MA of 4195.19, and above the 200-day MA of 3899.39, indicating a neutral trend. The MACD of -106.68 indicates Positive momentum. The RSI at 42.88 is Neutral, neither overbought nor oversold. The STOCH value of 36.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:KEI.

KEI Industries Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VOLTAMP	73 Outperform	₹74.67B	22.72	―	1.27%	15.87%	-4.28%
INDOTECH	68 Neutral	₹14.13B	16.78	―	―	34.48%	40.61%
TARIL	65 Neutral	₹70.93B	26.34	―	0.07%	33.60%	100.44%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
KEI	63 Neutral	₹383.82B	44.58	―	0.09%	22.68%	20.52%
HPL	60 Neutral	₹21.33B	22.24	―	0.24%	6.08%	49.44%
THERMAX	58 Neutral	₹343.40B	54.68	―	0.48%	3.37%	-19.95%

KEI Industries Limited Corporate Events

KEI Industries Schedules Q3 FY26 Earnings Call With Analysts and Investors

KEI Industries has announced a scheduled conference call with analysts and institutional investors, organized by Nuvama Wealth Management on January 22, 2026, to discuss the company’s financial results for the third quarter of FY26. The call, to be led by Chairman and Managing Director Anil Gupta and Executive Director (Finance) & CFO Rajeev Gupta, underscores the company’s ongoing investor engagement and transparency efforts, offering stakeholders an opportunity to gain deeper insights into recent financial performance and operational developments through a structured interaction with senior management.

KEI Industries Schedules Investor Meeting with Morgan Stanley

KEI Industries Limited has announced a scheduled virtual meeting with analysts and institutional investors, organized by Morgan Stanley India Company Private Limited, set for December 10, 2025. The meeting aims to discuss the company’s operations without sharing any unpublished price-sensitive information, aligning with their commitment to transparency and regulatory compliance.

KEI Industries Schedules Investor Meeting at J.P. Morgan Forum

KEI Industries Limited has announced a scheduled virtual meeting with analysts and institutional investors as part of the J.P. Morgan India Emerging Opportunities Forum on November 27, 2025. The company emphasized that no unpublished price-sensitive information will be disclosed during the meeting, and presentations will align with those already available on their website and stock exchanges. This initiative reflects KEI Industries’ commitment to transparency and engagement with stakeholders, potentially enhancing its industry positioning and investor relations.

KEI Industries Schedules Investor Meetings for November 2025

KEI Industries Limited has announced a schedule of meetings with analysts and institutional investors, which will take place throughout November 2025. These meetings, organized by various securities firms, will be conducted both virtually and physically, providing a platform for the company to engage with stakeholders and discuss its operations and strategies. The company has assured that no unpublished price-sensitive information will be disclosed during these meetings, maintaining transparency and compliance with regulatory requirements.

KEI Industries Releases Q2 FY ’26 Earnings Call Transcript

KEI Industries Limited announced the availability of the transcript from its recent analysts and investors call, which discussed the unaudited financial results for the quarter ending September 30, 2025. This communication is part of the company’s commitment to transparency and provides stakeholders with insights into its financial performance and strategic direction.