KEC International Ltd. News and Updates

Name: Latest research reports of KEC International Ltd. authored by Reliance Securities and published by - Trendlyne research reports.
Item: KEC International Ltd.
Rating: 5
Author: Reliance Securities

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KEC International Ltd.

15 May 2018

870.45

-1.19%

KEC International - 4QFY18 Result Update

Buy: KEC International Ltd.

Target

Reliance Securities

KEC International (KEC) has delivered a superb performance in 4QFY18. Its net profit surged by 35% YoY to Rs1.96bn (higher-than-our estimate) led by strong execution and lower depreciation. However, its EBITDA margin declined by 30bps YoY to 10.1% owing to higher input cost (76.2% vs. 68.4% in 4QFY17), which was partially offset by lower other expenses. Looking ahead, we expect KEC's earnings to clock 25.9% CAGR over FY17-20E on the back of strong order book, improving margin profile and healthy outlook in T&D; and other emerging segments. Thus, maintaining our positive stance, we reiterate our BUY recommendation on the stock with a downwardly revised Target Price of Rs434....

Number of FII/FPI investors decreased from 299 to 289 in Mar 2025 qtr

KEC International Ltd.

15 May 2018

870.45

-1.19%

K E C Intl.: Better than expected performance, led by robust execution

Neutral: KEC International Ltd.

Target

Motilal Oswal

Consolidated revenue grew 28.6% YoY toINR36.6b in 4QFY18, ahead of our expectation of INR31.6b. All business segments, excluding Cables, registered strong growth. Cables business was impacted by shifting of operations from the Silvassa facility to the Vadodara facility. T&D business (including SAE) grew 20.6% YoY, while Railways grew75% YoY and Civil grew 346% YoY. T&D contributed 74% of revenue,followed by Railways (10%), Cables (7%), and Solar, Civil and Water (8%). Management guided for revenue growth of 15% in FY19, which will be supported by a pickup in execution of T&D orders in hand and strong growth in non-T&D segments

Axis Direct released a Buy report for KEC International Ltd. with a price target of 1030.0 on 04 Jun, 2025.

KEC International Ltd.

15 May 2018

870.45

-1.19%

KEC International

Buy: KEC International Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research During Q4FY18, KEC reported revenues of | 3664.2 crore (above our estimate of | 3152.8 crore) registering strong revenue growth of 28.6% YoY. Revenue growth was primarily driven by the T&D; business, which grew 20.6% to | 2775 crore and outperformance in the railways business, which grew 74.6% to | 359 crore EBITDA margins were at 10.1% in the quarter (below our estimate: 10.7%) due to higher-than-expected increase in raw material cost...

KEC International Ltd. has gained 23.78% in the last 1 Month

KEC International Ltd.

26 Mar 2018

870.45

-1.19%

KEC International secures new orders worth 2,419 cr

Business Line

KEC International, a global infrastructure EPC major, has secured new orders worth 2,419 crore across businesses. The RPG group company has bagged the orders in the transmission

KEC International Ltd. has lost -29.83% in the last 6 Months

KEC Intl wins Rs 24-bn new contracts; FY18 order intake crosses Rs 150 bn

Business Standard | 26 Mar 2018 2 more

KEC International Ltd.

08 Mar 2018

870.45

-1.19%

KEC International wins Rs 1,378-cr job orders

Business Line

Engineering, procurement and construction major KEC International said it has won new orders worth of Rs 1,378 crore across all business verticals. The company's transmission and distribution bus

KEC International Ltd. is trading above its 100 day SMA of 784.2

KEC International Ltd.

20 Feb 2018

870.45

-1.19%

KEC International climbs as promoter ups stake

Economic Times

Instant Holdings held 1.80 crore shares, or 7.01 per cent, in KEC International.

Axis Direct released a Buy report for KEC International Ltd. with a price target of 1030.0 on 04 Jun, 2025.

KEC International Ltd.

14 Feb 2018

870.45

-1.19%

KEC Intl

Accumulate: KEC International Ltd.

Recommendation Target

Geojit BNP Paribas

KEC International Limited (KEC) is a global infrastructure Engineering Procurement and Construction (EPC) major. It has presence in the verticals of Power T&D;, Cables, Railways and Water & Renewable. Q3FY18 revenue grew by 26% YoY (above estimate) led by ramp up in execution in T&D; and railway segment. Q3FY18/9MFY18 Adj. PAT grew by 79%/67% YoY respectively led by strong operational performance and lower depreciation & tax outgo....

Number of FII/FPI investors decreased from 299 to 289 in Mar 2025 qtr

KEC International Ltd.

12 Feb 2018

870.45

-1.19%

KEC International Limited

Buy: KEC International Ltd.

Choice India

On our valuation front , at CMP of Rs.359, the company is trading at a P/E multiple of 25.6x which is at discount as compared to the industry P/E of multiple 27.5x and EV/EBIDTA multiple of 13.3x which is at premium as compared to industry EV/EBIDTA of multiple of 11.9x .After considering all these factors and...

Number of FII/FPI investors decreased from 299 to 289 in Mar 2025 qtr

KEC International Ltd.

09 Feb 2018

870.45

-1.19%

KEC International Ltd - Result Update Q3FY18

Buy: KEC International Ltd.

Edelweiss

KEC International Ltd. (KECI) reported consolidated Q3FY18 sales at INR 2405 cr up 22% YoY primarily led by improvement in execution in T&D; and railway segment. Strong outlook from international T&D.;.

Axis Direct released a Buy report for KEC International Ltd. with a price target of 1030.0 on 04 Jun, 2025.

KEC International Ltd.

09 Feb 2018

870.45

-1.19%

KEC International - 3QFY18 Result Update

Buy: KEC International Ltd.

Target

Reliance Securities

Improved Project Execution Lifts Earnings; Maintain BUY KEC International (KEC) has delivered a healthy performance in 3QFY18 with its revenue rising by 22.5% YoY to Rs24.0bn led by diminishing impact of GST. Consolidated net profit surged by 78.5% YoY to Rs1.1bn in 3QFY18 on the back of improved execution of T&D; projects and higher operating margins. Looking ahead, we expect KEC's earnings to clock 26.9% CAGR over FY1720E on the back of strong order book, improving margin profile and healthy outlook in T&D; and other emerging segments. Thus, maintaining our positive stance on KEC and rolling over our estimates to FY20E, we maintain our BUY recommendation on the stock with a revised Target Price of Rs445 (from Rs372 earlier)....