KEI Industries Ltd. share price target

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...

KEI has reported 1HFY16 result in line with our expectation which is mainly driven by Cable segment `929 Cr (+20%v y/y) coupled with Turnkey projects ` 242 Cr ( +80% y/y) . EHV segment revenue stood at `32 Cr during this quarter. Its dealer distribution business also...

also performed well. Exports grew by a healthy 66% YoY. Its dealer distribution business also performed well. Total order er book currently stands at `1900 crore. EHV and EPC...

Extensive product portfolio and wide user industries: Its wide product portfolio encompasses the complete range of power cables, house wires, winding wires and stainless steel wires. It is also engaged in EPC business. It has a diversified client's base across various industries such as power, petrochemicals, steel, cement, oil & gas to name a few. With improving outlook of these sectors, we see cable industry particularly KEI to benefit. Moving up the value chain by entering EPC segment: With the necessary prequalification criteria for EHV cables, its turnkey EPC business is all set to scale new heights, which will add significantly to its profitability. The Company...

It also exports the cables in south Africa, Nigeria and east Asian countries. Company is focusing its reach in retail business of housewires and specialized EHV cables, both are high margin business, with growth opportunities. We are working on detailed report; in the mean time we are...