846.05
-2.63%
ICICI Securities Limited
Strong execution in T&D; business, on the road to recovery Overall T&D; EPC business registered strong execution, which led to revenue of | 1599 crore, up 25.3% YoY in which T&D; (KEC) grew 28.5% to | 1294 crore while SAE revenue grew 13.2% to | 305 crore. For the quarter, KEC's YTD order inflow came in at | 1115 crore. T&D; contributed 59% while cable contributed 33% to order inflows. The unexecuted order book as on YTDFY20 was at ~ | 22500 crore, (including L1 position of | 3500 crore). We build in order inflow CAGR at 10% in FY19-21E with order inflow worth...
KEC International Ltd. has an average target of 1048.75 from 8 brokers.
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