KEI Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 31, 2025, 9:05 pm

Market Cap	34,496 Cr.
Current Price	3,610
High / Low	5,040/2,424
Stock P/E	49.5
Book Value	606
Dividend Yield	0.11 %
ROCE	21.3 %
ROE	15.6 %
Face Value	2.00
PEG Ratio	2.54

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for KEI Industries Ltd

Competitors of KEI Industries Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Motherson Sumi Wiring India Ltd	25,589 Cr.	57.9	80.0/46.1	42.2	3.84	1.47 %	42.5 %	35.9 %	1.00
Hindusthan Urban Infrastructure Ltd	254 Cr.	1,761	3,550/1,723		2,339	0.00 %	6.80 %	10.6 %	10.0
Dynamic Cables Ltd	2,105 Cr.	869	1,095/455	32.5	154	0.06 %	26.4 %	22.0 %	10.0
Cybele Industries Ltd	22.5 Cr.	21.0	61.0/18.2		44.5	0.00 %	13.5 %	22.1 %	10.0
BC Power Controls Ltd	14.1 Cr.	2.02	6.00/1.67	17.8	5.94	0.00 %	3.85 %	1.92 %	2.00
Industry Average	17,748.80 Cr	1,214.79		48.14	388.04	0.31%	18.24%	16.30%	6.77

All Competitor Stocks of KEI Industries Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	1,792	1,565	1,608	1,784	1,953	1,783	1,945	2,059	2,330	2,060	2,280	2,472	2,915
Expenses	1,620	1,406	1,447	1,602	1,751	1,604	1,743	1,845	2,075	1,846	2,059	2,226	2,614
Operating Profit	172	160	161	182	202	178	202	215	255	215	221	246	301
OPM %	10%	10%	10%	10%	10%	10%	10%	10%	11%	10%	10%	10%	10%
Other Income	8	4	5	14	7	8	9	14	5	18	17	9	37
Interest	10	9	8	8	10	9	8	11	17	14	13	14	14
Depreciation	14	14	14	14	14	15	16	15	16	16	16	19	19
Profit before tax	156	140	144	174	184	163	188	202	227	203	208	221	305
Tax %	26%	26%	26%	26%	25%	26%	26%	26%	26%	26%	26%	26%	26%
Net Profit	116	104	107	129	138	121	140	151	169	150	155	165	227
EPS in Rs	12.86	11.52	11.85	14.26	15.31	13.46	15.54	16.70	18.70	16.65	17.15	17.25	23.71

Last Updated: May 31, 2025, 8:41 am

Below is a detailed analysis of the quarterly data for KEI Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 2,915.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,472.00 Cr. (Dec 2024) to 2,915.00 Cr., marking an increase of 443.00 Cr..
For Expenses, as of Mar 2025, the value is 2,614.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,226.00 Cr. (Dec 2024) to 2,614.00 Cr., marking an increase of 388.00 Cr..
For Operating Profit, as of Mar 2025, the value is 301.00 Cr.. The value appears strong and on an upward trend. It has increased from 246.00 Cr. (Dec 2024) to 301.00 Cr., marking an increase of 55.00 Cr..
For OPM %, as of Mar 2025, the value is 10.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 10.00%.
For Other Income, as of Mar 2025, the value is 37.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Dec 2024) to 37.00 Cr., marking an increase of 28.00 Cr..
For Interest, as of Mar 2025, the value is 14.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 14.00 Cr..
For Depreciation, as of Mar 2025, the value is 19.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 19.00 Cr..
For Profit before tax, as of Mar 2025, the value is 305.00 Cr.. The value appears strong and on an upward trend. It has increased from 221.00 Cr. (Dec 2024) to 305.00 Cr., marking an increase of 84.00 Cr..
For Tax %, as of Mar 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 26.00%.
For Net Profit, as of Mar 2025, the value is 227.00 Cr.. The value appears strong and on an upward trend. It has increased from 165.00 Cr. (Dec 2024) to 227.00 Cr., marking an increase of 62.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 23.71. The value appears strong and on an upward trend. It has increased from 17.25 (Dec 2024) to 23.71, marking an increase of 6.46.

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: May 15, 2025, 6:09 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	1,619	2,031	2,326	2,628	3,459	4,227	4,884	4,181	5,727	6,908	8,104	9,736
Expenses	1,466	1,838	2,083	2,359	3,120	3,785	4,388	3,726	5,138	6,206	7,267	8,745
Operating Profit	153	193	242	269	339	442	496	456	589	702	838	991
OPM %	9%	10%	10%	10%	10%	10%	10%	11%	10%	10%	10%	10%
Other Income	1	5	5	10	9	7	16	20	15	32	49	72
Interest	112	120	127	124	111	136	129	57	40	35	44	56
Depreciation	21	25	25	28	32	34	57	58	55	57	61	70
Profit before tax	22	53	95	126	204	279	327	360	508	642	781	937
Tax %	47%	35%	35%	26%	29%	35%	22%	25%	26%	26%	26%	26%
Net Profit	12	34	62	94	145	182	255	270	376	477	581	696
EPS in Rs	1.57	4.43	8.05	12.06	18.45	23.04	28.50	29.92	41.75	52.93	64.39	72.88
Dividend Payout %	13%	9%	6%	5%	5%	5%	5%	7%	6%	6%	5%	5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	183.33%	82.35%	51.61%	54.26%	25.52%	40.11%	5.88%	39.26%	26.86%	21.80%	19.79%
Change in YoY Net Profit Growth (%)	0.00%	-100.98%	-30.74%	2.64%	-28.74%	14.59%	-34.23%	33.38%	-12.40%	-5.06%	-2.01%

KEI Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	17%
5 Years:	15%
3 Years:	19%
TTM:	20%

Compounded Profit Growth
10 Years:	36%
5 Years:	22%
3 Years:	23%
TTM:	20%

Stock Price CAGR
10 Years:	49%
5 Years:	64%
3 Years:	40%
1 Year:	-12%

Return on Equity
10 Years:	19%
5 Years:	18%
3 Years:	18%
Last Year:	16%

Last Updated: Unknown

Balance Sheet

Last Updated: May 13, 2025, 3:14 pm

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	15	15	15	16	16	16	18	18	18	18	18	19
Reserves	258	288	351	445	589	763	1,489	1,756	2,117	2,571	3,130	5,767
Borrowings	511	452	498	813	842	599	367	333	355	162	166	217
Other Liabilities	460	585	598	622	770	1,387	1,395	902	1,036	1,019	1,342	1,232
Total Liabilities	1,244	1,342	1,463	1,896	2,217	2,765	3,269	3,008	3,527	3,770	4,656	7,235
Fixed Assets	314	298	328	405	407	489	554	537	531	567	770	993
CWIP	0	4	29	3	23	32	11	7	17	15	121	385
Investments	3	3	3	3	3	2	1	1	2	1	2	2
Other Assets	926	1,036	1,103	1,485	1,784	2,243	2,703	2,463	2,978	3,187	3,764	5,854
Total Assets	1,244	1,342	1,463	1,896	2,217	2,765	3,269	3,008	3,527	3,770	4,656	7,235

Below is a detailed analysis of the balance sheet data for KEI Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 19.00 Cr.. The value appears strong and on an upward trend. It has increased from 18.00 Cr. (Mar 2024) to 19.00 Cr., marking an increase of 1.00 Cr..
For Reserves, as of Mar 2025, the value is 5,767.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,130.00 Cr. (Mar 2024) to 5,767.00 Cr., marking an increase of 2,637.00 Cr..
For Borrowings, as of Mar 2025, the value is 217.00 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 166.00 Cr. (Mar 2024) to 217.00 Cr., marking an increase of 51.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 1,232.00 Cr.. The value appears to be improving (decreasing). It has decreased from 1,342.00 Cr. (Mar 2024) to 1,232.00 Cr., marking a decrease of 110.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 7,235.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,656.00 Cr. (Mar 2024) to 7,235.00 Cr., marking an increase of 2,579.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 993.00 Cr.. The value appears strong and on an upward trend. It has increased from 770.00 Cr. (Mar 2024) to 993.00 Cr., marking an increase of 223.00 Cr..
For CWIP, as of Mar 2025, the value is 385.00 Cr.. The value appears strong and on an upward trend. It has increased from 121.00 Cr. (Mar 2024) to 385.00 Cr., marking an increase of 264.00 Cr..
For Investments, as of Mar 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2.00 Cr..
For Other Assets, as of Mar 2025, the value is 5,854.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,764.00 Cr. (Mar 2024) to 5,854.00 Cr., marking an increase of 2,090.00 Cr..
For Total Assets, as of Mar 2025, the value is 7,235.00 Cr.. The value appears strong and on an upward trend. It has increased from 4,656.00 Cr. (Mar 2024) to 7,235.00 Cr., marking an increase of 2,579.00 Cr..

Notably, the Reserves (5,767.00 Cr.) exceed the Borrowings (217.00 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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	83	198	185	-29	189	624	-13	154	229	514	611	-32
Cash from Investing Activity +	-22	-17	-98	-63	-76	-275	11	75	-58	-137	-353	-1,501
Cash from Financing Activity +	-73	-181	-87	229	-68	-386	99	-129	-31	-256	-72	1,919
Net Cash Flow	-11	0	1	137	45	-37	97	101	139	121	186	386

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-358.00	-259.00	-256.00	-544.00	-503.00	-157.00	129.00	123.00	234.00	540.00	672.00	774.00

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	93	97	86	89	114	108	95	102	118	89	73	68
Inventory Days	108	122	109	96	114	97	94	103	102	96	79	84
Days Payable	119	117	119	98	110	110	139	140	99	68	54	63
Cash Conversion Cycle	82	101	76	87	119	95	49	66	121	117	99	89
Working Capital Days	71	92	70	72	103	92	52	81	118	102	87	77
ROCE %	21%	18%	22%	27%	23%	23%	29%	28%	21%	24%	26%	27%

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	38.02%	38.02%	37.99%	37.32%	37.21%	37.10%	37.08%	37.08%	37.08%	37.08%	37.06%	35.01%
FIIs	25.22%	26.46%	26.96%	26.83%	27.37%	27.67%	29.57%	30.95%	31.00%	30.75%	31.11%	29.75%
DIIs	21.58%	19.49%	18.09%	19.09%	19.55%	19.55%	17.64%	16.05%	16.30%	16.56%	16.01%	20.72%
Public	15.17%	16.03%	16.97%	16.74%	15.88%	15.68%	15.70%	15.91%	15.60%	15.60%	15.82%	14.52%
No. of Shareholders	84,286	93,152	98,128	97,661	98,021	1,08,749	1,25,713	1,30,692	1,29,055	1,55,514	1,65,905	1,66,067

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 Small Cap Fund - Regular Plan	1,007,856	1.28	433.11	1,007,856	2025-04-22 15:56:56	0%
Franklin India Focused Equity Fund	890,000	2.93	382.46	890,000	2025-04-22 15:56:56	0%
Canara Robeco Small Cap Fund	737,482	2.52	316.92	737,482	2025-04-22 15:56:56	0%
HSBC Small Cap Fund - Regular Plan	664,884	1.65	285.72	664,884	2025-04-22 17:25:29	0%
HSBC Midcap Fund	494,400	1.73	212.46	494,400	2025-04-22 15:56:56	0%
DSP Mid Cap Fund	436,767	0.93	187.69	436,767	2025-04-22 15:56:56	0%
Canara Robeco Flexi Cap Fund	327,687	1.03	140.82	327,687	2025-04-22 15:56:56	0%
Axis Growth Opportunities Fund	304,947	0.9	131.04	304,947	2025-04-22 17:25:29	0%
Edelweiss Small Cap Fund	267,561	2.68	114.98	267,561	2025-04-22 17:25:29	0%
Invesco India Contra Fund	264,649	0.62	113.73	264,649	2025-04-22 17:25:29	0%

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 KEI Industries 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 KEI Industries Ltd as of June 1, 2025 is: 3,747.74

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 June 1, 2025, KEI Industries Ltd is Undervalued by 3.82% compared to the current share price 3,610.00

Intrinsic Value of KEI Industries Ltd as of June 1, 2025 is: 4,478.15

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 June 1, 2025, KEI Industries Ltd is Undervalued by 24.05% compared to the current share price 3,610.00

Last 5 Year EPS CAGR: 19.49%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 24.08%, which is a positive sign. The company has higher reserves (1,627.00 cr) compared to borrowings (442.92 cr), indicating strong financial stability. The company has shown consistent growth in sales (4.17 cr) and profit (361.17 cr) over the years.	The stock has a high average Working Capital Days of 84.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 91.75, which may not be favorable.

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 KEI Industries 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: 18.24%)
  - 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: 16.3%)
  - 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: 49.5 (Industry average Stock P/E: 48.14)
  - 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

KEI Industries Ltd. is a Public Limited Listed company incorporated on 31/12/1992 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1992PLC051527 and registration number is 051527. Currently Company is involved in the business activities of Manufacture of other electronic and electric wires and cables (insulated wire and cable made of steel, copper, aluminium). Company's Total Operating Revenue is Rs. 9735.88 Cr. and Equity Capital is Rs. 19.11 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Cables - Power/Others	D-90, Okhla Industrial Area, Phase - I, New Delhi Delhi 110020	cs@kei-ind.com http://www.kei-ind.com

Management
Name	Position Held
Mr. Anil Gupta	Chairman & Managing Director
Mr. Rajeev Gupta	Executive Director (Finance) & CFO
Mr. Akshit Diviaj Gupta	Executive Director
Mrs. Archana Gupta	Non Executive Director
Mr. K G Somani	Ind. Non-Executive Director
Mr. Pawan Bholusaria	Ind. Non-Executive Director
Mr. Vijay Bhushan	Ind. Non-Executive Director
Mr. Vikram Bhartia	Ind. Non-Executive Director
Ms. Shalini Gupta	Ind. Non-Executive Director
Mr. Sadhu Ram Bansal	Ind. Non-Executive Director
Dr. Rajesh Kumar Yaduvanshi	Ind. Non-Executive Director
Mr. Vinay Mittal	Ind. Non-Executive Director

FAQ

What is the intrinsic value of KEI Industries Ltd?

KEI Industries Ltd's intrinsic value (as of 31 May 2025) is ₹3747.74 — 3.82% higher the current market price of 3,610.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 34,496 Cr. market cap, FY2025-2026 high/low of ₹5,040/2,424, reserves of 5,767 Cr, and liabilities of 7,235 Cr.

What is the Market Cap of KEI Industries Ltd?

The Market Cap of KEI Industries Ltd is 34,496 Cr..

What is the current Stock Price of KEI Industries Ltd as on 31 May 2025?

The current stock price of KEI Industries Ltd as on 31 May 2025 is 3,610.

What is the High / Low of KEI Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of KEI Industries Ltd stocks is ₹5,040/2,424.

What is the Stock P/E of KEI Industries Ltd?

The Stock P/E of KEI Industries Ltd is 49.5.

What is the Book Value of KEI Industries Ltd?

The Book Value of KEI Industries Ltd is 606.

What is the Dividend Yield of KEI Industries Ltd?

The Dividend Yield of KEI Industries Ltd is 0.11 %.

What is the ROCE of KEI Industries Ltd?

The ROCE of KEI Industries Ltd is 21.3 %.

What is the ROE of KEI Industries Ltd?

The ROE of KEI Industries Ltd is 15.6 %.

What is the Face Value of KEI Industries Ltd?

The Face Value of KEI Industries Ltd is 2.00.