Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of KEI Industries Ltd

About the Company - KEI Industries Ltd

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 wire of steel by cold drawing or stretching. Company’s Total Operating Revenue is Rs. 5726.55 Cr. and Equity Capital is Rs. 18.02 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Cables - Power/OthersD-90, Okhla Industrial Area, Phase - I, New Delhi Delhi 110020cs@kei-ind.com
http://www.kei-ind.com
Management
NamePosition Held
Mr. Anil GuptaChairman & Managing Director
Mr. Rajeev GuptaExecutive Director (Finance) & CFO
Mr. Akshit Diviaj GuptaWhole Time Director
Mr. K G SomaniDirector
Mr. Pawan BholusariaDirector
Mr. Vijay BhushanDirector
Mr. Vikram BhartiaDirector
Ms. Shalini GuptaDirector
Mr. Sadhu Ram BansalDirector
Mrs. Archana GuptaDirector

Basic Stock Data of KEI Industries Ltd

Last Updated: May 30, 2024, 6:20 am

Market Cap 38,663 Cr.
Current Price 4,284
High / Low4,350/1,982
Stock P/E66.5
Book Value 349
Dividend Yield0.08 %
ROCE27.2 %
ROE20.3 %
Face Value 2.00
PEG Ratio4.29

Competitors of KEI Industries Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
BC Power Controls Ltd 33.4 Cr. 4.797.27/3.5146.4 5.830.00 %4.88 %1.79 % 2.00
Polycab India Ltd 1,00,428 Cr. 6,6846,844/3,37856.3 5450.30 %32.3 %24.1 % 10.0
Diamond Power Infrastructure Ltd 6,290 Cr. 1,0841,084/22.1 1840.00 %11.4 %% 10.0
Advait Infratech Ltd 1,497 Cr. 1,4681,745/273 57.20.00 %28.7 %21.7 % 10.0
Universal Cables Ltd 2,163 Cr. 624673/35020.0 5120.48 %10.0 %6.62 % 10.0
Industry Average22,082.28 Cr1,972.9624.54260.810.16%17.46%10.84%8.40

KEI Industries Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales1,1531,2461,0181,3531,5641,7921,5651,6081,7841,9551,7831,9472,062
Expenses1,0291,1099041,2071,4071,6201,4061,4471,6021,7511,6041,7431,845
Operating Profit124137114146157172160161182204178204217
OPM %11%11%11%11%10%10%10%10%10%10%10%10%11%
Other Income523328451458812
Interest13131110910988109811
Depreciation15151414141414141414151615
Profit before tax10111391125136156140144174184163188202
Tax %25%24%26%26%25%26%26%26%26%25%26%26%26%
Net Profit76866792101116104107129138121140151
EPS in Rs8.459.567.4510.2111.2412.8611.5211.8514.2615.3113.4615.5416.70

Last Updated: May 6, 2024, 7:28 am

KEI Industries Ltd Quarterly Chart

KEI Industries Ltd Profit & Loss

Last Updated: May 2, 2024, 7:27 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,7061,6581,6192,0312,3262,6283,4594,2274,8844,1815,7276,9127,468
Expenses1,5561,4881,4661,8382,0832,3593,1203,7854,3883,7265,1386,2066,700
Operating Profit150171153193242269339442496456589706768
OPM %9%10%9%10%10%10%10%10%10%11%10%10%10%
Other Income1215510971620152835
Interest9610911212012712411113612957403534
Depreciation20202125252832345758555759
Profit before tax3643225395126204279327360508642710
Tax %32%39%47%35%35%26%29%35%22%25%26%26%
Net Profit242612346294145182255270376477528
EPS in Rs3.633.751.574.438.0512.0618.4523.0428.5029.9241.7552.9358.57
Dividend Payout %6%5%13%9%6%5%5%5%5%7%6%6%

KEI Industries Ltd Profit & Loss Yearly Chart

KEI Industries Ltd Growth

Compounded Sales Growth
10 Years:17%
5 Years:14%
3 Years:25%
TTM:17%
Compounded Profit Growth
10 Years:48%
5 Years:26%
3 Years:29%
TTM:22%
Stock Price CAGR
10 Years:67%
5 Years:52%
3 Years:90%
1 Year:114%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:20%
Last Year:20%

Last Updated: May 26, 2024, 1:40 am

KEI Industries Ltd Balance Sheet

Last Updated: May 2, 2024, 7:27 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13141515151616161818181818
Reserves2132422542883514455897631,4891,7562,1172,5712,840
Borrowings488474511452498813842599367333355162193
Other Liabilities4804484645855986227701,3871,3959021,0361,0191,047
Total Liabilities1,1941,1771,2441,3421,4631,8962,2172,7653,2693,0083,5273,7704,098
Fixed Assets318309314298328405407489554537531567727
CWIP03042932332117171539
Investments3333333211211
Other Assets8738639261,0361,1031,4851,7842,2432,7032,4632,9783,1873,330
Total Assets1,1941,1771,2441,3421,4631,8962,2172,7653,2693,0083,5273,7704,098

KEI Industries Ltd Reserves and Borrowings Chart

KEI Industries Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 3214983198185-29189624-13154229514
Cash from Investing Activity -14-15-22-17-98-63-76-2751175-58-137
Cash from Financing Activity -26-123-73-181-87229-68-38699-129-31-256
Net Cash Flow-811-110113745-3797101139121

KEI Industries Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10393978689114108951021188973
Inventory Days811081221099611497941031029678
Days Payable11311911711998110110139140996853
Cash Conversion Cycle7182101768711995496612111798
Working Capital Days697192707210392528111810287
ROCE %21%21%18%22%27%23%23%29%28%21%24%

KEI Industries Ltd Financial Efficiency Indicators Chart

KEI Industries Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters40.34%40.34%39.23%38.02%38.02%38.02%38.02%37.99%37.32%37.21%37.10%37.08%
FIIs16.33%18.49%18.09%19.36%21.78%25.22%26.46%26.96%26.83%27.37%27.67%29.57%
DIIs23.45%24.14%25.92%25.79%24.03%21.58%19.49%18.09%19.09%19.55%19.55%17.64%
Public19.88%17.03%16.76%16.83%16.16%15.17%16.03%16.97%16.74%15.88%15.68%15.70%
No. of Shareholders57,75357,41777,87694,99889,29284,28693,15298,12897,66198,0211,08,7491,25,713

KEI Industries Ltd Shareholding Pattern Chart

No. of KEI Industries Ltd Shareholders

KEI Industries Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan1,499,0051.82487.09
Franklin India Focused Equity Fund1,400,0004.09403.28
HSBC Small Cap Fund - Regular Plan985,3582.42320.19
Canara Robeco Small Cap Fund793,7642.81257.93
Canara Robeco Flexi Cap Fund424,4681.2137.93
Canara Robeco Equity Hybrid Fund370,0001.24120.23
Edelweiss Small Cap Fund267,5612.986.94
Invesco India Contra Fund292,2300.784.18
Canara Robeco ELSS Tax Saver Fund239,1171.177.7
Invesco India Smallcap Fund246,2812.1870.94

KEI Industries Ltd ROCE Trend

KEI Industries Ltd EPS Trend

KEI Industries Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)52.9441.7730.4731.6522.98
Diluted EPS (Rs.)52.8641.5630.4731.1922.74
Cash EPS (Rs.)59.2647.8836.8534.9727.20
Book Value[Excl.RevalReserv]/Share (Rs.)287.08237.00197.88168.3898.57
Book Value[Incl.RevalReserv]/Share (Rs.)287.08237.00197.88168.3898.57
Revenue From Operations / Share (Rs.)766.42635.54465.36546.09536.08
PBDIT / Share (Rs.)81.3666.9653.4857.3956.73
PBIT / Share (Rs.)75.0360.8147.0551.0652.43
PBT / Share (Rs.)71.1856.3240.6736.6335.25
Net Profit / Share (Rs.)52.9341.7330.4228.6422.90
NP After MI And SOA / Share (Rs.)52.9341.7330.4228.6322.92
PBDIT Margin (%)10.6110.5311.4910.5110.58
PBIT Margin (%)9.789.5610.109.359.78
PBT Margin (%)9.288.868.736.706.57
Net Profit Margin (%)6.906.566.535.244.27
NP After MI And SOA Margin (%)6.906.566.535.244.27
Return on Networth / Equity (%)18.4317.6015.3717.0023.24
Return on Capital Employeed (%)25.5124.9622.5828.2743.55
Return On Assets (%)12.6610.669.067.846.54
Long Term Debt / Equity (X)0.000.000.010.030.15
Total Debt / Equity (X)0.050.150.160.200.65
Asset Turnover Ratio (%)1.891.751.331.621.70
Current Ratio (X)2.832.222.141.631.23
Quick Ratio (X)1.841.411.471.100.84
Inventory Turnover Ratio (X)4.734.913.424.504.88
Dividend Payout Ratio (NP) (%)5.665.996.578.934.33
Dividend Payout Ratio (CP) (%)5.065.225.427.313.64
Earning Retention Ratio (%)94.3494.0193.4391.0795.67
Cash Earning Retention Ratio (%)94.9494.7894.5892.6996.36
Interest Coverage Ratio (X)21.1414.948.393.983.30
Interest Coverage Ratio (Post Tax) (X)14.7510.315.772.982.33
Enterprise Value (Cr.)14925.8611364.204760.442497.133669.46
EV / Net Operating Revenue (X)2.161.981.140.510.86
EV / EBITDA (X)20.3418.849.914.868.20
MarketCap / Net Operating Revenue (X)2.221.991.120.490.79
Retention Ratios (%)94.3394.0093.4291.0695.66
Price / BV (X)5.925.332.641.594.32
Price / Net Operating Revenue (X)2.221.991.120.490.79
EarningsYield0.030.030.050.100.05

KEI Industries Ltd Profitability Ratios (%)

KEI Industries Ltd Liquidity Ratios

KEI Industries Ltd Liquidity Ratios (%)

KEI Industries Ltd Interest Coverage Ratios (X)

KEI Industries Ltd Valuation Ratios

Fair Value

Fair Value: ₹4,715.09

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: 10.06% compared to the current price ₹4284

Intrinsic Value: ₹5,445.73

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.

Undervalued: 27.12% compared to the current price ₹4284

Last 5 Year EPS CAGR: 15.50%

*Investments are subject to market risks

Strength and Weakness of KEI Industries Ltd

StrengthWeakness
  1. The stock has a high average ROCE of 21.42%, which is a positive sign.
  2. The company has higher reserves (1,070.62 cr) compared to borrowings (468.23 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (3.23 cr) and profit (261.92 cr) over the years.
  1. The stock has a high average Working Capital Days of 84.08, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 90.17, which may not be favorable.

Should I Buy KEI Industries Ltd Share Now?

  • 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: 6.90%
      • 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: 25.51% (Industry Average ROCE: 17.46%)
      • 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%: 18.43% (Industry Average ROE: 10.84%)
      • 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): 14.75
      • 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: 1.84
      • 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: 66.5 (Industry average Stock P/E: 24.54)
      • 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: 0.05
      • 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:

FAQ

What is the latest fair value of KEI Industries Ltd?

The latest fair value of KEI Industries Ltd is ₹4715.09.

What is the Market Cap of KEI Industries Ltd?

The Market Cap of KEI Industries Ltd is 38,663 Cr..

What is the current Stock Price of KEI Industries Ltd as on 30 May 2024?

The current stock price of KEI Industries Ltd as on 30 May 2024 is ₹4,284.

What is the High / Low of KEI Industries Ltd stocks in FY 2024?

In FY 2024, the High / Low of KEI Industries Ltd stocks is 4,350/1,982.

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

The Stock P/E of KEI Industries Ltd is 66.5.

What is the Book Value of KEI Industries Ltd?

The Book Value of KEI Industries Ltd is 349.

What is the Dividend Yield of KEI Industries Ltd?

The Dividend Yield of KEI Industries Ltd is 0.08 %.

What is the ROCE of KEI Industries Ltd?

The ROCE of KEI Industries Ltd is 27.2 %.

What is the ROE of KEI Industries Ltd?

The ROE of KEI Industries Ltd is 20.3 %.

What is the Face Value of KEI Industries Ltd?

The Face Value of KEI Industries 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 KEI Industries 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