KEI Industries Ltd. share price target

KEI has been focusing on expanding its cable capacity to address growth prospects in various segments. It has been concentrating on improving its B2C (Retail Segment) share and growing institutional segment. KEI is looking at entering newer markets in South and East India, apart from existing North and West. The institutional segment along with EPC services has immense...

For 3QFY2017, KEI Industries (KEI) posted good set of results, exceeding our expectations on both, top-line as well as bottom-line fronts. Revenues grew by ~28% yoy (above our estimate), however, the company reported flat operating margins. On the bottom-line front, KEI reported growth of ~83% yoy to Rs27cr on the back of strong top-line ..

KEI Industries (KEI) is a cable manufacturing company and also engaged in Engineering, Procurement and Construction (EPC) business. It offers high and low tension cables, control and instrumentation cables, house wires, stainless steel wires, and high-technology specialty cables. Its manufacturing facilities are located at Bhiwadi, Chopan..

KEI Industries is an established player in the manufacturing and marketing of EHV, MV and LV power cables segments, and has recently forayed into EPC business. It has a well-diversified product basket and business model across retail (domestic & exports), institutional, EHV segments, suitably balanced to address the demands of private and public sector organizations....

KEI has reported 1QFY17 result in line with our expectation which is mainly driven by Cable segment `4446 mn (2.8% y/y) coupled with Turnkey projects `1304mn (+34.3% y/y). Its dealer distribution business also performed well. Total order book currently stands at `29510 mn. Cable segment enjoy very high margins ~12.5%+ while margins of Turnkey project division...

up 16% to Rs 2.6bn and EPC division (15%) up 34% up to Rs 840mn (after adjusting intersegmentrevenue).EHVrevenue(6%)wasdown47%yoytoRs170mn. Gross margins increased 192bps, but higher manpower and SG&A; expenses capped OPMat10%(76bpsbelowourestimates)....

KEI has reported a 4QFY16 result in line with our expectation. Net sales for 4QFY16 grew by 0.3% y/y to `6363.4 mn. Operating margins grew by 190 bps YoY to 10.6%. PAT grew strongly by 62% y/y to `203 mn...

Upswing in Gross margins by 444bps due to benefits from lower raw material cost. Increase in manpower and SG&A; expenses capped OPM improvement to 195bps (10.6%).EBIDTAgrew23%yoytoRs675mn....

KEI has reported a Q3FY16 result in line with our expectation. expectation Net sales for Q3FY16 grew by 12.1% y/y to ` 5592.9 mn.. Operating margins grew by 50 bps YoY to...

bookdriven business leverages on its huge advantage backward integration through in housemanufacturingofEHV,HV,andLT(lowtension)cables.ItsEPCsegmenthasanorder backlog of Rs 8.6bn (December 2015). With strong demand, we expect it to receive more...