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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of KEC International Ltd

About the Company - KEC International Ltd

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 Manufacture of wiring and wiring devices. Company’s Total Operating Revenue is Rs. 12573.27 Cr. and Equity Capital is Rs. 51.42 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Power - Transmission/EquipmentRPG House, Mumbai Maharashtra 400030investorpoint@kecrpg.com
https://www.kecrpg.com
Management
NamePosition Held
Mr. H V GoenkaChairman
Mr. Vimal KejriwalManaging Director & CEO
Mr. A T VaswaniIndependent Director
Mr. Dilip G PiramalIndependent Director
Mr. G L MirchandaniIndependent Director
Ms. Nirupama RaoIndependent Director
Mr. Ramesh ChandakIndependent Director
Mr. S M TrehanIndependent Director
Mr. Vikram GandhiIndependent Director
Mr. M S UnnikrishnanIndependent Director
Mr. Vinayak ChatterjeeNon Exe.Non Ind.Director

Basic Stock Data of KEC International Ltd

Last Updated: May 30, 2024, 5:45 am

Market Cap 20,062 Cr.
Current Price 780
High / Low839/520
Stock P/E57.8
Book Value 159
Dividend Yield0.38 %
ROCE14.2 %
ROE8.82 %
Face Value 2.00
PEG Ratio-2.92

KEC International Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales3,2894,3612,5403,5873,3404,2753,3184,0644,3755,5254,2444,4995,007
Expenses2,9914,0062,3803,3343,1014,0233,1503,8864,1755,2423,9994,2254,699
Operating Profit299355160253239252168178200283244274308
OPM %9%8%6%7%7%6%5%4%5%5%6%6%6%
Other Income4122-40538162631626
Interest666365738295100128149162159178164
Depreciation38383839394239404142424749
Profit before tax19926659101122118372711864766121
Tax %27%27%21%20%23%5%16%-108%-54%16%9%15%20%
Net Profit14519446809411231551872425697
EPS in Rs5.647.561.793.123.644.361.212.150.682.811.652.173.77

Last Updated: May 5, 2024, 9:15 pm

KEC International Ltd Quarterly Chart

KEC International Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales5,8156,9797,9028,4688,5188,58410,05311,00111,96513,11413,74217,28218,642
Expenses5,2926,5337,3397,8897,7337,6738,9579,76410,63511,87412,74216,33417,640
Operating Profit5234475635797859111,0951,2371,3301,2401,0019481,002
OPM %9%6%7%7%9%11%11%11%11%9%7%5%5%
Other Income6116-414661422311129-313026
Interest211260333376368332318398403360413656647
Depreciation48567188132130110117147153158161171
Profit before tax324147155261291463689753790756399161210
Tax %35%56%57%38%49%34%33%34%28%27%17%-9%
Net Profit2096567161148305460496566553332176188
EPS in Rs8.142.532.606.265.7511.8617.9119.2822.0021.5012.926.857.31
Dividend Payout %15%20%23%14%17%14%13%14%15%19%31%44%

KEC International Ltd Profit & Loss Yearly Chart

Growth

Compounded Sales Growth
10 Years:9%
5 Years:11%
3 Years:13%
TTM:20%
Compounded Profit Growth
10 Years:10%
5 Years:-18%
3 Years:-32%
TTM:24%
Stock Price CAGR
10 Years:25%
5 Years:20%
3 Years:24%
1 Year:45%
Return on Equity
10 Years:14%
5 Years:14%
3 Years:10%
Last Year:5%

Last Updated: May 2, 2024, 5:06 am

KEC International Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital51515151515151515151515151
Reserves1,0561,0961,1401,2781,2391,5351,9462,3842,7463,3083,5693,7203,793
Borrowings1,2391,6692,1302,2143,2212,1061,7661,8392,5192,0663,0653,3834,912
Other Liabilities3,2043,4184,0694,1834,3625,0236,7497,3897,5388,5669,61311,50710,782
Total Liabilities5,5516,2357,3907,7278,8748,71510,51211,66312,85513,99216,29818,66119,538
Fixed Assets1,1311,3211,3521,2591,1981,1491,1121,1821,3521,3981,5381,5831,650
CWIP11230181685787841821113
Investments00002513039132211300
Other Assets4,3084,8846,0206,4527,6437,4319,28310,46011,39612,57514,74517,06717,875
Total Assets5,5516,2357,3907,7278,8748,71510,51211,66312,85513,99216,29818,66119,538

KEC International Ltd Reserves and Borrowings Chart

KEC International Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 549-87-9153-751,66266019987840-284607
Cash from Investing Activity -40-122-136125-7-182-4-67-113-134-204-132
Cash from Financing Activity -460161132-216-28-1,379-638-1503-659496-401
Net Cash Flow49-48-1462-11010117-18-2347874

KEC International Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days157151176166200179183162166150136146
Inventory Days513845383235454351546559
Days Payable253235286266248278331324327395420433
Cash Conversion Cycle-45-46-65-62-17-64-103-119-111-191-219-229
Working Capital Days42495763112746682938610184
ROCE %21%16%16%15%16%20%27%29%25%21%14%12%

KEC International Ltd Financial Efficiency Indicators Chart

KEC International Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.82%51.82%51.82%51.82%51.88%51.88%51.88%51.88%51.88%51.88%51.88%51.88%
FIIs11.06%11.11%12.25%12.19%12.17%11.58%12.62%12.60%11.58%11.25%10.90%12.45%
DIIs26.52%27.00%26.35%26.39%26.47%26.52%25.56%25.79%26.65%27.16%26.95%25.84%
Public10.60%10.07%9.58%9.60%9.48%10.03%9.93%9.73%9.90%9.73%10.28%9.83%
No. of Shareholders1,09,5321,14,5261,10,7931,12,2591,07,6321,06,2481,00,15498,14598,6431,03,0191,16,2811,10,618

KEC International Ltd Shareholding Pattern Chart

No. of KEC International Ltd Shareholders

KEC International Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Mid-Cap Opportunities Fund - Regular Plan9,032,3501.19567.5
Kotak Flexicap Fund - Regular Plan8,199,9991.31515.21
HDFC Hybrid Equity Fund - Regular Plan7,559,4592.31474.96
HDFC Small Cap Fund - Regular Plan5,200,0001.41326.72
HSBC Value Fund3,887,9702.63244.28
HSBC Small Cap Fund - Regular Plan2,572,1361.4161.61
DSP Flexi Cap Fund2,492,0521.77156.58
Canara Robeco Small Cap Fund2,215,9321.77139.23
DSP ELSS Tax Saver Fund2,214,1081.19139.11
Bandhan Sterling Value Fund2,200,0002.07138.23

KEC International Ltd ROCE Trend

KEC International Ltd EPS Trend

KEC International Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)6.8512.9221.5022.0019.28
Diluted EPS (Rs.)6.8512.9221.5022.0019.28
Cash EPS (Rs.)13.1319.0627.4327.7223.84
Book Value[Excl.RevalReserv]/Share (Rs.)146.69140.80130.68108.8194.71
Book Value[Incl.RevalReserv]/Share (Rs.)146.69140.80130.68108.8194.71
Revenue From Operations / Share (Rs.)672.18534.51510.08465.40427.87
PBDIT / Share (Rs.)33.4935.6645.5548.4445.60
PBIT / Share (Rs.)27.2129.5239.6242.7241.05
PBT / Share (Rs.)6.2615.5429.4030.7428.92
Net Profit / Share (Rs.)6.8512.9221.5022.0019.28
NP After MI And SOA / Share (Rs.)6.8512.9221.5022.0019.28
PBDIT Margin (%)4.986.678.9310.4010.65
PBIT Margin (%)4.045.527.769.179.59
PBT Margin (%)0.932.905.766.606.75
Net Profit Margin (%)1.012.414.214.724.50
NP After MI And SOA Margin (%)1.012.414.214.724.50
Return on Networth / Equity (%)4.669.1716.4520.2120.35
Return on Capital Employeed (%)15.6817.9027.0834.8233.61
Return On Assets (%)0.942.033.934.394.23
Long Term Debt / Equity (X)0.130.100.060.050.22
Total Debt / Equity (X)0.840.790.540.730.69
Asset Turnover Ratio (%)0.910.860.900.870.93
Current Ratio (X)1.111.131.161.131.19
Quick Ratio (X)1.031.041.071.051.11
Inventory Turnover Ratio (X)6.756.786.657.728.96
Dividend Payout Ratio (NP) (%)58.4130.950.0027.6912.44
Dividend Payout Ratio (CP) (%)30.4620.980.0021.9710.06
Earning Retention Ratio (%)41.5969.050.0072.3187.56
Cash Earning Retention Ratio (%)69.5479.020.0078.0389.94
Interest Coverage Ratio (X)1.602.904.464.043.76
Interest Coverage Ratio (Post Tax) (X)1.332.193.102.842.56
Enterprise Value (Cr.)14579.1912348.7212144.356667.349123.36
EV / Net Operating Revenue (X)0.840.890.920.550.82
EV / EBITDA (X)16.9313.4710.375.357.78
MarketCap / Net Operating Revenue (X)0.670.700.800.390.70
Retention Ratios (%)41.5869.040.0072.3087.55
Price / BV (X)3.112.693.141.703.16
Price / Net Operating Revenue (X)0.670.700.800.390.70
EarningsYield0.010.030.050.110.06

KEC International Ltd Profitability Ratios (%)

KEC International Ltd Liquidity Ratios

KEC International Ltd Liquidity Ratios (%)

KEC International Ltd Interest Coverage Ratios (%)

KEC International Ltd Valuation Ratios

Fair Value

Fair Value: ₹813.66

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.

Undervalued: 4.31% compared to the current price ₹780

Intrinsic Value: ₹652.74

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 16.32% compared to the current price ₹780

Last 5 Year EPS CAGR: -19.78%

*Investments are subject to market risks

Strength and Weakness of KEC International Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 19.33%, which is a positive sign.
  2. The stock has a low average Cash Conversion Cycle of -105.92, which is a positive sign.
  3. The company has shown consistent growth in sales (10.38 cr) and profit (415.31 cr) over the years.
  1. The stock has a high average Working Capital Days of 75.75, which may not be favorable.
  2. The company has higher borrowings (2,471.46) compared to reserves (2,216.15), which may suggest financial risk.

FAQ

What is the latest fair value of KEC International Ltd?

The latest fair value of KEC International Ltd is ₹813.66.

What is the Market Cap of KEC International Ltd?

The Market Cap of KEC International Ltd is 20,062 Cr..

What is the current Stock Price of KEC International Ltd as on 30 May 2024?

The current stock price of KEC International Ltd as on 30 May 2024 is ₹780.

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

In FY 2024, the High / Low of KEC International Ltd stocks is 839/520.

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

The Stock P/E of KEC International Ltd is 57.8.

What is the Book Value of KEC International Ltd?

The Book Value of KEC International Ltd is 159.

What is the Dividend Yield of KEC International Ltd?

The Dividend Yield of KEC International Ltd is 0.38 %.

What is the ROCE of KEC International Ltd?

The ROCE of KEC International Ltd is 14.2 %.

What is the ROE of KEC International Ltd?

The ROE of KEC International Ltd is 8.82 %.

What is the Face Value of KEC International Ltd?

The Face Value of KEC International Ltd is 2.00.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in KEC International Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE