KEC International Ltd. share price target

KEC International Limited - KEC's Management said that incremental orders are skewed in favour of India (vs. international orders in FY15?16). Share of India orders account for 54% of the FY16 orderbook vs. 51% in FY15 - it expects this to further increase in FY17. Their estimates build in 8%/14%/23% revenue/EBITDA/PAT CAGR over FY16?18.Philip Capital upgraded target price for KEC to Rs 170.

Trendlyne has 9 reports on KEC updated in the last year from 3 brokers with an average target of Rs 163.7. Brokers have a mixed rating for KEC with 1 upgrade,2 price upgrades,2 price downgrades in past 6 months and 5 price upgrades in past 12 months.

Order Inflow Traction Remains Intact; Improving Margins to Drive Growth KEC International (KEC) has secured fresh orders worth Rs10.3bn in Transmission & Distribution (T&D;), Railways & Cables businesses with which its outstanding order book currently stands at ~Rs94.5bn. Order inflows are in line with our expectations which confirm our conviction that KEC would deliver strong earnings growth ahead and continue to remain positive owing to improving fundamentals. Hence, we maintain our BUY recommendation on the stock with a Target Price of...

Buy KEC International Ltd CMP at Rs. 140 add on dips to band Rs. 140 - Rs. 130 for the Target of Target of Rs. 155, Rs. 170

In 4QFY16, revenue was flat at 1.5% YoY to INR 25.6bn due to 5% decline in T&D; segment T&D; business which accounts 75% of revenues stood flat at INR 18.9bn, SAE business grew by 20% YoY to INR 2.7bn, Cables segment grew by 34% YoY to INR 2.9bn, while railways segment...

ICICI Securities Ltd | Retail Equity Research KEC International reported a strong set of Q4FY16 numbers. The key beat came in from EBITDA margins, lower interest costs and,...

KEC's Q4FY16 recurring PAT (Rs 850mn; +33% yoy) was in line with our estimate as higher margins in its parent operations were offset by weaker than expected profitabilityinitssubsidiaries....

KEC International's consolidated PAT has surged 27% yoy to Rs798mn in 4QFY16 owing to improvement in margin. However, its revenue remained flat at Rs25.58bn in 4QFY16 v/s Rs25.21bn in 4QFY15 due to passing over of the benefits of lower commodity prices to clients, depreciation in Brazil currency and delay in converting of some of the larger L1 order. The Company's overall margins profile will continue to improve with expected stable margin in transmission tower business and likely margin expansion in new businesses. We maintain our BUY recommendation on the stock with a revised Target Price of Rs165, valued at 13x FY18E EPS....

KEC International has secured new orders aggregating to Rs10.4bn in its Transmission & Distribution and Cables Businesses. With this order, outstanding order book currently stands at Rs104.1bn. KEC International's stock price has corrected by 21% over the last 3 months, and at the CMP of Rs118, KEC trades at 9.5x FY18E earnings; valuations appear to be attractive given the high revenue visibility, strong order flows, sustained earnings momentum and likely improvement in return ratios in next two years. We maintain...

Background: KEC International (KEC), the flagship company of the RPG (Harsh Goenka) group, is a leading EPC player in T&D; Space. KEC has over six decades of experience with presence across 50 countries globally and strong execution capabilities. KEC, the global leader in Power Transmission EPC has also ventured into Power Systems, Cables, Telecom, Railways and Water. KEC has 7 manufacturing facilities spread across India, Brazil &...

9 Management expects 10% revenue growth in FY17 and EBITDA margins of 8.5%. We incorporate7%growthand30bpsexpansioninmarginsto8.1%. 9 SAEwasEBITDApositivein9MFY16....