KEC International Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:37 pm

Market Cap	19,246 Cr.
Current Price	723
High / Low	1,313/648
Stock P/E	42.4
Book Value	190
Dividend Yield	0.55 %
ROCE	16.0 %
ROE	8.80 %
Face Value	2.00
PEG Ratio	-10.21

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for KEC International Ltd

Competitors of KEC International Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Aartech Solonics Ltd	200 Cr.	62.9	106/48.3	49.8	9.92	0.40 %	4.81 %	1.64 %	5.00
Voltamp Transformers Ltd	7,001 Cr.	6,920	14,800/6,051	21.7	1,401	1.30 %	31.6 %	24.3 %	10.0
Transformers & Rectifiers India Ltd (TRIL)	11,186 Cr.	745	846/110	145	38.9	0.03 %	14.8 %	9.33 %	1.00
Power Grid Corporation of India Ltd	2,44,885 Cr.	263	366/247	15.8	99.0	4.27 %	13.2 %	19.0 %	10.0
KEC International Ltd	19,246 Cr.	723	1,313/648	42.4	190	0.55 %	16.0 %	8.80 %	2.00
Industry Average	41,002.00 Cr	1,569.74		52.19	280.98	0.94%	16.58%	14.55%	5.71

All Competitor Stocks of KEC International Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	3,340	4,275	3,318	4,064	4,375	5,525	4,244	4,499	5,007	6,165	4,512	5,113	5,349
Expenses	3,101	4,023	3,150	3,886	4,175	5,242	3,999	4,225	4,699	5,777	4,242	4,793	4,975
Operating Profit	239	252	168	178	200	283	244	274	308	388	270	320	374
OPM %	7%	6%	5%	4%	5%	5%	6%	6%	6%	6%	6%	6%	7%
Other Income	5	3	8	16	2	6	3	16	26	8	43	7	1
Interest	82	95	100	128	149	162	159	178	164	154	155	168	170
Depreciation	39	42	39	40	41	42	42	47	49	48	47	45	45
Profit before tax	122	118	37	27	11	86	47	66	121	193	112	113	160
Tax %	23%	5%	16%	-108%	-54%	16%	9%	15%	20%	21%	22%	25%	19%
Net Profit	94	112	31	55	18	72	42	56	97	152	88	85	130
EPS in Rs	3.64	4.36	1.21	2.15	0.68	2.81	1.65	2.17	3.77	5.90	3.41	3.21	4.87

Last Updated: February 28, 2025, 6:55 pm

Below is a detailed analysis of the quarterly data for KEC International Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹5,349.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,113.00 Cr. (Sep 2024) to ₹5,349.00 Cr., marking an increase of ₹236.00 Cr..
For Expenses, as of Dec 2024, the value is ₹4,975.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,793.00 Cr. (Sep 2024) to ₹4,975.00 Cr., marking an increase of ₹182.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹374.00 Cr.. The value appears strong and on an upward trend. It has increased from 320.00 Cr. (Sep 2024) to ₹374.00 Cr., marking an increase of ₹54.00 Cr..
For OPM %, as of Dec 2024, the value is 7.00%. The value appears strong and on an upward trend. It has increased from 6.00% (Sep 2024) to 7.00%, marking an increase of 1.00%.
For Other Income, as of Dec 2024, the value is ₹1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Sep 2024) to ₹1.00 Cr., marking a decrease of 6.00 Cr..
For Interest, as of Dec 2024, the value is ₹170.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 168.00 Cr. (Sep 2024) to ₹170.00 Cr., marking an increase of ₹2.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹45.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 45.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹160.00 Cr.. The value appears strong and on an upward trend. It has increased from 113.00 Cr. (Sep 2024) to ₹160.00 Cr., marking an increase of ₹47.00 Cr..
For Tax %, as of Dec 2024, the value is 19.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 19.00%, marking a decrease of 6.00%.
For Net Profit, as of Dec 2024, the value is ₹130.00 Cr.. The value appears strong and on an upward trend. It has increased from 85.00 Cr. (Sep 2024) to ₹130.00 Cr., marking an increase of ₹45.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 4.87. The value appears strong and on an upward trend. It has increased from ₹3.21 (Sep 2024) to 4.87, marking an increase of ₹1.66.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:45 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	6,979	7,902	8,468	8,518	8,584	10,053	11,001	11,965	13,114	13,742	17,282	19,914	21,139
Expenses	6,533	7,339	7,889	7,733	7,673	8,957	9,764	10,635	11,874	12,742	16,362	18,561	19,786
Operating Profit	447	563	579	785	911	1,095	1,237	1,330	1,240	1,001	920	1,353	1,353
OPM %	6%	7%	7%	9%	11%	11%	11%	11%	9%	7%	5%	7%	6%
Other Income	16	-4	146	6	14	22	31	11	29	-31	59	56	58
Interest	260	333	376	368	332	318	398	403	360	413	656	797	648
Depreciation	56	71	88	132	130	110	117	147	153	158	161	185	185
Profit before tax	147	155	261	291	463	689	753	790	756	399	161	426	579
Tax %	56%	57%	38%	49%	34%	33%	34%	28%	27%	17%	-9%	19%
Net Profit	65	67	161	148	305	460	496	566	553	332	176	347	454
EPS in Rs	2.53	2.60	6.26	5.75	11.86	17.91	19.28	22.00	21.50	12.92	6.85	13.49	17.39
Dividend Payout %	20%	23%	14%	17%	14%	13%	14%	15%	19%	31%	44%	30%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	3.08%	140.30%	-8.07%	106.08%	50.82%	7.83%	14.11%	-2.30%	-39.96%	-46.99%	97.16%
Change in YoY Net Profit Growth (%)	0.00%	137.22%	-148.37%	114.16%	-55.26%	-42.99%	6.29%	-16.41%	-37.67%	-7.02%	144.15%

KEC International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	10%
5 Years:	13%
3 Years:	15%
TTM:	10%

Compounded Profit Growth
10 Years:	17%
5 Years:	-7%
3 Years:	-14%
TTM:	70%

Stock Price CAGR
10 Years:	23%
5 Years:	19%
3 Years:	19%
1 Year:	-8%

Return on Equity
10 Years:	14%
5 Years:	12%
3 Years:	8%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: February 12, 2025, 3:26 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	51	51	51	51	51	51	51	51	51	51	51	51	53
Reserves	1,096	1,140	1,278	1,239	1,535	1,946	2,384	2,746	3,308	3,569	3,720	4,044	5,003
Borrowings	1,669	2,130	2,214	3,221	2,106	1,766	1,839	2,519	2,066	3,065	3,383	3,985	4,312
Other Liabilities	3,418	4,069	4,183	4,362	5,023	6,749	7,389	7,538	8,566	9,613	10,117	10,951	10,291
Total Liabilities	6,235	7,390	7,727	8,874	8,715	10,512	11,663	12,855	13,992	16,298	17,271	19,031	19,660
Fixed Assets	1,321	1,352	1,259	1,198	1,149	1,112	1,182	1,352	1,398	1,538	1,583	1,628	1,591
CWIP	30	18	16	8	5	78	7	84	18	2	11	14	55
Investments	-0	-0	0	25	130	39	13	22	1	13	-0	-0	-0
Other Assets	4,884	6,020	6,452	7,643	7,431	9,283	10,460	11,396	12,575	14,745	15,677	17,389	18,014
Total Assets	6,235	7,390	7,727	8,874	8,715	10,512	11,663	12,855	13,992	16,298	17,271	19,031	19,660

Below is a detailed analysis of the balance sheet data for KEC International Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹53.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹51.00 Cr. (Mar 2024) to ₹53.00 Cr., marking an increase of 2.00 Cr..
For Reserves, as of Sep 2024, the value is ₹5,003.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹4,044.00 Cr. (Mar 2024) to ₹5,003.00 Cr., marking an increase of 959.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹4,312.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from ₹3,985.00 Cr. (Mar 2024) to ₹4,312.00 Cr., marking an increase of 327.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹10,291.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹10,951.00 Cr. (Mar 2024) to ₹10,291.00 Cr., marking a decrease of 660.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹19,660.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹19,031.00 Cr. (Mar 2024) to ₹19,660.00 Cr., marking an increase of 629.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹1,591.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹1,628.00 Cr. (Mar 2024) to ₹1,591.00 Cr., marking a decrease of 37.00 Cr..
For CWIP, as of Sep 2024, the value is ₹55.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹14.00 Cr. (Mar 2024) to ₹55.00 Cr., marking an increase of 41.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹18,014.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹17,389.00 Cr. (Mar 2024) to ₹18,014.00 Cr., marking an increase of 625.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹19,660.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹19,031.00 Cr. (Mar 2024) to ₹19,660.00 Cr., marking an increase of 629.00 Cr..

Notably, the Reserves (₹5,003.00 Cr.) exceed the Borrowings (4,312.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-87	-9	153	-75	1,662	660	199	87	840	-284	614	311
Cash from Investing Activity +	-122	-136	125	-7	-182	-4	-67	-113	-134	-204	-139	-243
Cash from Financing Activity +	161	132	-216	-28	-1,379	-638	-150	3	-659	496	-401	-145
Net Cash Flow	-48	-14	62	-110	101	17	-18	-23	47	8	74	-76

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	446.00	561.00	577.00	782.00	909.00	0.00	0.00	-1.00	-1.00	-2.00	917.00	-2.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	151	176	166	200	179	183	162	166	150	136	90	76
Inventory Days	38	45	38	32	35	45	43	51	54	65	59	53
Days Payable	235	286	266	248	278	331	324	327	395	420	433	400
Cash Conversion Cycle	-46	-65	-62	-17	-64	-103	-119	-111	-191	-219	-284	-271
Working Capital Days	49	57	63	112	74	66	82	93	86	101	84	91
ROCE %	16%	16%	15%	16%	20%	27%	29%	25%	21%	14%	12%	16%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	51.82%	51.88%	51.88%	51.88%	51.88%	51.88%	51.88%	51.88%	51.88%	51.88%	50.10%	50.10%
FIIs	12.19%	12.17%	11.58%	12.62%	12.60%	11.58%	11.25%	10.90%	12.45%	12.66%	13.60%	15.20%
DIIs	26.39%	26.47%	26.52%	25.56%	25.79%	26.65%	27.16%	26.95%	25.84%	25.29%	26.33%	24.91%
Public	9.60%	9.48%	10.03%	9.93%	9.73%	9.90%	9.73%	10.28%	9.83%	10.16%	9.97%	9.79%
No. of Shareholders	1,12,259	1,07,632	1,06,248	1,00,154	98,145	98,643	1,03,019	1,16,281	1,10,618	1,25,227	1,36,627	1,37,820

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan	9,032,350	1.21	938.05	2,810,085	2025-03-11	221.43%
Kotak Flexicap Fund - Regular Plan	6,900,000	1.33	716.6	2,810,085	2025-03-11	145.54%
HDFC Small Cap Fund - Regular Plan	4,689,839	1.43	487.06	2,810,085	2025-03-11	66.89%
HDFC Hybrid Equity Fund - Regular Plan	4,272,652	1.79	443.74	2,810,085	2025-03-11	52.05%
HSBC Value Fund	3,887,970	2.86	403.79	2,810,085	2025-03-11	38.36%
Nippon India Multi Cap Fund	2,810,085	0.74	291.84	2,810,085	2025-03-11	0%
HSBC Small Cap Fund - Regular Plan	2,572,136	1.54	267.13	2,810,085	2025-03-11	-8.47%
DSP Flexi Cap Fund	2,319,424	1.94	240.88	2,810,085	2025-03-11	-17.46%
Bandhan Sterling Value Fund	1,861,775	1.82	193.35	2,810,085	2025-03-11	-33.75%
Nippon India Small Cap Fund	1,730,868	0.29	179.76	2,810,085	2025-03-11	-38.41%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	13.49	6.85	12.92	21.50	22.00
Diluted EPS (Rs.)	13.49	6.85	12.92	21.50	22.00
Cash EPS (Rs.)	20.70	13.13	19.06	27.43	27.72
Book Value[Excl.RevalReserv]/Share (Rs.)	159.30	146.69	140.80	130.68	108.81
Book Value[Incl.RevalReserv]/Share (Rs.)	159.30	146.69	140.80	130.68	108.81
Revenue From Operations / Share (Rs.)	774.57	672.18	534.51	510.08	465.40
PBDIT / Share (Rs.)	49.28	33.49	35.66	45.55	48.44
PBIT / Share (Rs.)	42.07	27.21	29.52	39.62	42.72
PBT / Share (Rs.)	16.59	6.26	15.54	29.40	30.74
Net Profit / Share (Rs.)	13.49	6.85	12.92	21.50	22.00
NP After MI And SOA / Share (Rs.)	13.49	6.85	12.92	21.50	22.00
PBDIT Margin (%)	6.36	4.98	6.67	8.93	10.40
PBIT Margin (%)	5.43	4.04	5.52	7.76	9.17
PBT Margin (%)	2.14	0.93	2.90	5.76	6.60
Net Profit Margin (%)	1.74	1.01	2.41	4.21	4.72
NP After MI And SOA Margin (%)	1.74	1.01	2.41	4.21	4.72
Return on Networth / Equity (%)	8.46	4.66	9.17	16.45	20.21
Return on Capital Employeed (%)	23.92	15.68	17.90	27.08	34.82
Return On Assets (%)	1.82	0.94	2.03	3.93	4.39
Long Term Debt / Equity (X)	0.06	0.13	0.10	0.06	0.05
Total Debt / Equity (X)	0.93	0.84	0.79	0.54	0.73
Asset Turnover Ratio (%)	1.06	0.91	0.86	0.90	0.87
Current Ratio (X)	1.11	1.11	1.13	1.16	1.13
Quick Ratio (X)	1.03	1.03	1.04	1.07	1.05
Inventory Turnover Ratio (X)	7.16	6.75	6.78	6.65	7.72
Dividend Payout Ratio (NP) (%)	22.23	58.41	30.95	0.00	27.69
Dividend Payout Ratio (CP) (%)	14.49	30.46	20.98	0.00	21.97
Earning Retention Ratio (%)	77.77	41.59	69.05	0.00	72.31
Cash Earning Retention Ratio (%)	85.51	69.54	79.02	0.00	78.03
Interest Coverage Ratio (X)	1.93	1.60	2.90	4.46	4.04
Interest Coverage Ratio (Post Tax) (X)	1.53	1.33	2.19	3.10	2.84
Enterprise Value (Cr.)	21380.49	14579.19	12348.72	12144.35	6667.34
EV / Net Operating Revenue (X)	1.07	0.84	0.89	0.92	0.55
EV / EBITDA (X)	16.88	16.93	13.47	10.37	5.35
MarketCap / Net Operating Revenue (X)	0.89	0.67	0.70	0.80	0.39
Retention Ratios (%)	77.76	41.58	69.04	0.00	72.30
Price / BV (X)	4.36	3.11	2.69	3.14	1.70
Price / Net Operating Revenue (X)	0.89	0.67	0.70	0.80	0.39
EarningsYield	0.01	0.01	0.03	0.05	0.11

After reviewing the key financial ratios for KEC International Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has increased from 6.85 (Mar 23) to 13.49, marking an increase of 6.64.
For Diluted EPS (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has increased from 6.85 (Mar 23) to 13.49, marking an increase of 6.64.
For Cash EPS (Rs.), as of Mar 24, the value is 20.70. This value is within the healthy range. It has increased from 13.13 (Mar 23) to 20.70, marking an increase of 7.57.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 159.30. It has increased from 146.69 (Mar 23) to 159.30, marking an increase of 12.61.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 159.30. It has increased from 146.69 (Mar 23) to 159.30, marking an increase of 12.61.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 774.57. It has increased from 672.18 (Mar 23) to 774.57, marking an increase of 102.39.
For PBDIT / Share (Rs.), as of Mar 24, the value is 49.28. This value is within the healthy range. It has increased from 33.49 (Mar 23) to 49.28, marking an increase of 15.79.
For PBIT / Share (Rs.), as of Mar 24, the value is 42.07. This value is within the healthy range. It has increased from 27.21 (Mar 23) to 42.07, marking an increase of 14.86.
For PBT / Share (Rs.), as of Mar 24, the value is 16.59. This value is within the healthy range. It has increased from 6.26 (Mar 23) to 16.59, marking an increase of 10.33.
For Net Profit / Share (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has increased from 6.85 (Mar 23) to 13.49, marking an increase of 6.64.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 13.49. This value is within the healthy range. It has increased from 6.85 (Mar 23) to 13.49, marking an increase of 6.64.
For PBDIT Margin (%), as of Mar 24, the value is 6.36. This value is below the healthy minimum of 10. It has increased from 4.98 (Mar 23) to 6.36, marking an increase of 1.38.
For PBIT Margin (%), as of Mar 24, the value is 5.43. This value is below the healthy minimum of 10. It has increased from 4.04 (Mar 23) to 5.43, marking an increase of 1.39.
For PBT Margin (%), as of Mar 24, the value is 2.14. This value is below the healthy minimum of 10. It has increased from 0.93 (Mar 23) to 2.14, marking an increase of 1.21.
For Net Profit Margin (%), as of Mar 24, the value is 1.74. This value is below the healthy minimum of 5. It has increased from 1.01 (Mar 23) to 1.74, marking an increase of 0.73.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1.74. This value is below the healthy minimum of 8. It has increased from 1.01 (Mar 23) to 1.74, marking an increase of 0.73.
For Return on Networth / Equity (%), as of Mar 24, the value is 8.46. This value is below the healthy minimum of 15. It has increased from 4.66 (Mar 23) to 8.46, marking an increase of 3.80.
For Return on Capital Employeed (%), as of Mar 24, the value is 23.92. This value is within the healthy range. It has increased from 15.68 (Mar 23) to 23.92, marking an increase of 8.24.
For Return On Assets (%), as of Mar 24, the value is 1.82. This value is below the healthy minimum of 5. It has increased from 0.94 (Mar 23) to 1.82, marking an increase of 0.88.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.06. This value is below the healthy minimum of 0.2. It has decreased from 0.13 (Mar 23) to 0.06, marking a decrease of 0.07.
For Total Debt / Equity (X), as of Mar 24, the value is 0.93. This value is within the healthy range. It has increased from 0.84 (Mar 23) to 0.93, marking an increase of 0.09.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.06. It has increased from 0.91 (Mar 23) to 1.06, marking an increase of 0.15.
For Current Ratio (X), as of Mar 24, the value is 1.11. This value is below the healthy minimum of 1.5. There is no change compared to the previous period (Mar 23) which recorded 1.11.
For Quick Ratio (X), as of Mar 24, the value is 1.03. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.03.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 7.16. This value is within the healthy range. It has increased from 6.75 (Mar 23) to 7.16, marking an increase of 0.41.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 22.23. This value is within the healthy range. It has decreased from 58.41 (Mar 23) to 22.23, marking a decrease of 36.18.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 14.49. This value is below the healthy minimum of 20. It has decreased from 30.46 (Mar 23) to 14.49, marking a decrease of 15.97.
For Earning Retention Ratio (%), as of Mar 24, the value is 77.77. This value exceeds the healthy maximum of 70. It has increased from 41.59 (Mar 23) to 77.77, marking an increase of 36.18.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 85.51. This value exceeds the healthy maximum of 70. It has increased from 69.54 (Mar 23) to 85.51, marking an increase of 15.97.
For Interest Coverage Ratio (X), as of Mar 24, the value is 1.93. This value is below the healthy minimum of 3. It has increased from 1.60 (Mar 23) to 1.93, marking an increase of 0.33.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.53. This value is below the healthy minimum of 3. It has increased from 1.33 (Mar 23) to 1.53, marking an increase of 0.20.
For Enterprise Value (Cr.), as of Mar 24, the value is 21,380.49. It has increased from 14,579.19 (Mar 23) to 21,380.49, marking an increase of 6,801.30.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.07. This value is within the healthy range. It has increased from 0.84 (Mar 23) to 1.07, marking an increase of 0.23.
For EV / EBITDA (X), as of Mar 24, the value is 16.88. This value exceeds the healthy maximum of 15. It has decreased from 16.93 (Mar 23) to 16.88, marking a decrease of 0.05.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 0.89. This value is below the healthy minimum of 1. It has increased from 0.67 (Mar 23) to 0.89, marking an increase of 0.22.
For Retention Ratios (%), as of Mar 24, the value is 77.76. This value exceeds the healthy maximum of 70. It has increased from 41.58 (Mar 23) to 77.76, marking an increase of 36.18.
For Price / BV (X), as of Mar 24, the value is 4.36. This value exceeds the healthy maximum of 3. It has increased from 3.11 (Mar 23) to 4.36, marking an increase of 1.25.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 0.89. This value is below the healthy minimum of 1. It has increased from 0.67 (Mar 23) to 0.89, marking an increase of 0.22.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of KEC International Ltd as of March 12, 2025 is: ₹570.26

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 12, 2025, KEC International Ltd is Overvalued by 21.13% compared to the current share price 723.00

Intrinsic Value of KEC International Ltd as of March 12, 2025 is: 546.57

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, KEC International Ltd is Overvalued by 24.40% compared to the current share price 723.00

Last 5 Year EPS CAGR: -4.15%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 18.92%, which is a positive sign. The stock has a low average Cash Conversion Cycle of -129.33, which is a positive sign. The company has shown consistent growth in sales (11.69 cr) and profit (451.54 cr) over the years.	The stock has a high average Working Capital Days of 79.83, which may not be favorable. The company has higher borrowings (2,636.54) compared to reserves (2,539.08), which may suggest financial risk.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in KEC International Ltd:
1. Net Profit Margin: 1.74%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 23.92% (Industry Average ROCE: 16.58%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 8.46% (Industry Average ROE: 14.55%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.53
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.03
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 42.4 (Industry average Stock P/E: 52.19)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.93
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

KEC International Ltd. is a Public Limited Listed company incorporated on 18/03/2005 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH2005PLC152061 and registration number is 152061. Currently Company is involved in the business activities of Construction of utility projects. Company's Total Operating Revenue is Rs. 17383.35 Cr. and Equity Capital is Rs. 51.42 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Power - Transmission/Equipment	RPG House, Mumbai Maharashtra 400030	investorpoint@kecrpg.com https://www.kecrpg.com

Management
Name	Position Held
Mr. Harsh V Goenka	Chairman
Mr. Vimal Kejriwal	Managing Director & CEO
Mr. Vinayak Chatterjee	Non Exe.Non Ind.Director
Mr. D G Piramal	Independent Director
Mr. A T Vaswani	Independent Director
Ms. Nirupama Rao	Independent Director
Mr. Vimal Bhandari	Independent Director
Mr. S M Trehan	Independent Director
Mr. Vikram Gandhi	Independent Director
Mr. M S Unnikrishnan	Independent Director
Dr. Shirish Sankhe	Independent Director
Mr. Arvind Singh	Independent Director
Ms. Neera Saggi	Independent Director

FAQ

What is the latest intrinsic value of KEC International Ltd?

The latest intrinsic value of KEC International Ltd as on 12 March 2025 is ₹570.26, which is 21.13% lower than the current market price of 723.00, indicating the stock is overvalued by 21.13%. The intrinsic value of KEC International Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹19,246 Cr. and recorded a high/low of ₹1,313/648 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹5,003 Cr and total liabilities of ₹19,660 Cr.

What is the Market Cap of KEC International Ltd?

The Market Cap of KEC International Ltd is 19,246 Cr..

What is the current Stock Price of KEC International Ltd as on 12 March 2025?

The current stock price of KEC International Ltd as on 12 March 2025 is ₹723.

What is the High / Low of KEC International Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of KEC International Ltd stocks is ₹1,313/648.

What is the Stock P/E of KEC International Ltd?

The Stock P/E of KEC International Ltd is 42.4.

What is the Book Value of KEC International Ltd?

The Book Value of KEC International Ltd is 190.

What is the Dividend Yield of KEC International Ltd?

The Dividend Yield of KEC International Ltd is 0.55 %.

What is the ROCE of KEC International Ltd?

The ROCE of KEC International Ltd is 16.0 %.

What is the ROE of KEC International Ltd?

The ROE of KEC International Ltd is 8.80 %.

What is the Face Value of KEC International Ltd?

The Face Value of KEC International Ltd is 2.00.