|
18 Sep 2025 |
KEC International
|
Consensus Share Price Target
|
872.95 |
975.63 |
- |
11.76 |
buy
|
|
|
|
|
06 Feb 2023
|
KEC International
|
Geojit BNP Paribas
|
872.95
|
524.00
|
461.15
(89.30%)
|
Target met |
Accumulate
|
|
|
|
|
02 Feb 2023
|
KEC International
|
Axis Direct
|
872.95
|
515.00
|
473.65
(84.30%)
|
Target met |
Buy
|
|
|
We roll over our estimates to FY25 and change our recommendation from HOLD to BUY
|
|
02 Feb 2023
|
KEC International
|
ICICI Securities Limited
|
872.95
|
528.00
|
473.65
(84.30%)
|
Target met |
Buy
|
|
|
KEC International’s (KEC) Q3FY23 revenue grew 31% YoY to ~Rs44bn, led by healthy execution across all segments, barring railways. EBITDA margin at 4.6%, (improved 20bps QoQ) was impacted mainly by higher raw material and logistics costs, continued losses at SAE Towers and execution of low-margin legacy orders. However, given the reduction in commodity prices lately and completion of SAE’s legacy orders, margins are expected to improve gradually over FY24.
|
|
02 Feb 2023
|
KEC International
|
ICICI Direct
|
872.95
|
545.00
|
473.65
(84.30%)
|
Target met |
Buy
|
|
|
|
|
11 Nov 2022
|
KEC International
|
Geojit BNP Paribas
|
872.95
|
475.00
|
410.00
(112.91%)
|
Target met |
Accumulate
|
|
|
|
|
09 Nov 2022
|
KEC International
|
ICICI Securities Limited
|
872.95
|
502.00
|
416.90
(109.39%)
|
Target met |
Buy
|
|
|
KEC International’s (KEC) Q2FY23 revenue grew 13% YoY to ~Rs41bn, led by healthy execution across all segments barring railways.
|
|
09 Nov 2022
|
KEC International
|
Axis Direct
|
872.95
|
405.00
|
416.90
(109.39%)
|
|
Hold
|
|
|
We value KEC International at 13x FY24E EPS to arrive at a target price of Rs 405/share (Rs 440/share earlier) implying a downside of 7% from the CMP and retaining our HOLD rating on the stock
|
|
08 Nov 2022
|
KEC International
|
Prabhudas Lilladhar
|
872.95
|
495.00
|
416.90
(109.39%)
|
Target met |
Accumulate
|
|
|
|
|
16 Sep 2022
|
KEC International
|
Axis Direct
|
872.95
|
440.00
|
429.30
(103.34%)
|
Target met |
Hold
|
|
|
We, therefore, keep our HOLD rating on the company, valuing it at 13x (12.5x earlier) FY24E EPS to arrive at a TP of Rs 440/ share, implying a downside of 2% from the CMP.
|
|
15 Sep 2022
|
KEC International
|
ICICI Direct
|
872.95
|
540.00
|
439.20
(98.76%)
|
Target met |
Buy
|
|
|
|