|
04 Oct 2025 |
KEC International
|
Consensus Share Price Target
|
854.55 |
980.63 |
- |
14.75 |
buy
|
|
|
|
|
16 Jun 2023
|
KEC International
|
Prabhudas Lilladhar
|
854.55
|
578.00
|
550.50
(55.23%)
|
Target met |
Accumulate
|
|
|
|
|
15 Jun 2023
|
KEC International
|
BOB Capital Markets Ltd.
|
854.55
|
550.00
|
552.00
(54.81%)
|
Target met |
Hold
|
|
|
Management reiterated its FY24 order inflow (+15% YoY), revenue and EBITDA margin (~7%) guidance
|
|
12 Jun 2023
|
KEC International
|
Geojit BNP Paribas
|
854.55
|
603.00
|
563.30
(51.70%)
|
Target met |
Accumulate
|
|
|
|
|
05 May 2023
|
KEC International
|
ICICI Direct
|
854.55
|
610.00
|
517.50
(65.13%)
|
Target met |
Buy
|
|
|
|
|
05 May 2023
|
KEC International
|
Axis Direct
|
854.55
|
570.00
|
517.50
(65.13%)
|
Target met |
Buy
|
|
|
The stock is currently trading at13x 25E EPS. We maintain our BUY recommendation with a TP of Rs570/share, implying an upside potential of 11% from the CMP.
|
|
05 May 2023
|
KEC International
|
ICICI Securities Limited
|
854.55
|
590.00
|
517.50
(65.13%)
|
Target met |
Buy
|
|
|
KEC International’s (KECI) Q4FY23 performance was ahead of our estimates with revenues up 29%/26% YoY/QoQ to ~Rs55bn, led by a robust order backlog and healthy execution in T&D and civil businesses. EBITDA margin at 5.1%, lower than our estimates (although up 56bps QoQ), was impacted by execution of low- margin legacy orders.
|
|
04 May 2023
|
KEC International
|
BOB Capital Markets Ltd.
|
854.55
|
500.00
|
514.05
(66.24%)
|
Target met |
Hold
|
|
|
Q4 revenue/PAT ahead of estimates at Rs 55bn/Rs 722mn; revenue growth guidance of 15%+ for FY24 on strong order inflow
|
|
04 May 2023
|
KEC International
|
Prabhudas Lilladhar
|
854.55
|
559.00
|
514.05
(66.24%)
|
Target met |
Accumulate
|
|
|
|
|
05 Apr 2023
|
KEC International
|
Ventura
|
854.55
|
699.00
|
455.00
(87.81%)
|
Target met |
Buy
|
|
|
Diversifying away from power T&D
|
|
27 Mar 2023
|
KEC International
|
ICICI Securities Limited
|
854.55
|
540.00
|
472.05
(81.03%)
|
Target met |
Buy
|
|
|
On YTD basis, KEC International (KECI) has achieved an order intake of Rs210bn (+49% YoY) against our FY23 estimates of Rs200bn, led by growth across businesses. Interestingly, as indicated in our earlier note Capital Goods: Revival in transmission capex on the cards, we have started seeing a pickup in domestic T&D awarding with PGCIL being awarded 8 projects (4 projects in 9MFY23) on TBCB basis.
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