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KEI Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,710.30Overvalued by 10.27%vs CMP ₹4,135.00

P/E (45.9) × ROE (15.6%) × BV (₹647.00) × DY (0.11%)

₹1,854.21Overvalued by 55.16%vs CMP ₹4,135.00
MoS: -123% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,326.9723%Fair (+4.6%)
Graham NumberEarnings₹1,145.0117%Over (-72.3%)
Earnings PowerEarnings₹483.4911%Over (-88.3%)
DCFCash Flow₹1,917.8011%Over (-53.6%)
Net Asset ValueAssets₹647.317%Over (-84.3%)
EV/EBITDAEnterprise₹1,085.299%Over (-73.8%)
Earnings YieldEarnings₹900.607%Over (-78.2%)
ROCE CapitalReturns₹1,516.239%Over (-63.3%)
Revenue MultipleRevenue₹1,018.456%Over (-75.4%)
Consensus (9 models)₹1,854.21100%Overvalued
Key Drivers: Wide model spread (₹483–₹4,327) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 16.6%

*Investments are subject to market risks

Analyst Summary

KEI Industries Ltd operates in the Cables - Power/Others segment, NSE: KEC | BSE: 532714, current market price is ₹4,135.00, market cap is 39,529 Cr.. At a glance, stock P/E is 45.9, ROE is 15.6 %, ROCE is 21.3 %, book value is 647, dividend yield is 0.11 %. The latest intrinsic value estimate is ₹1,854.21, around 55.2% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹9,736 Cr versus the prior period change of 20.1%, while latest net profit is about ₹696 Cr with a prior-period change of 19.8%. The 52-week range shown on this page is 5,303/2,424, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisKEI 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 L74899DL…

This summary is generated from the stock page data available for KEI Industries Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
KEI Industries Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health78/100 · Strong
ROCE 21.3% ExcellentROE 15.6% GoodD/E 0.54 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money65/100 · Strong
FII holding stable No changeDII holding up 3.76% MF buyingPromoter holding at 35.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 10% Steady
Quarterly Momentum90/100 · Strong
Revenue (4Q): +22% YoY AcceleratingProfit (4Q): +35% YoY Strong
Industry Rank40/100 · Moderate
P/E 45.9 vs industry 28.3 Premium to peersROCE 21.3% vs industry 18.1% Average3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:12 am

Market Cap 39,529 Cr.
Current Price 4,135
Intrinsic Value₹1,854.21
High / Low 5,303/2,424
Stock P/E45.9
Book Value 647
Dividend Yield0.11 %
ROCE21.3 %
ROE15.6 %
Face Value 2.00
PEG Ratio2.76

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

View Share Price Target for KEI Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
KEI Industries Ltd 39,529 Cr. 4,135 5,303/2,42445.9 6470.11 %21.3 %15.6 % 2.00
Motherson Sumi Wiring India Ltd 25,333 Cr. 38.2 53.6/31.340.7 2.781.48 %42.5 %35.9 % 1.00
Finolex Cables Ltd 12,216 Cr. 799 1,028/70119.9 3141.00 %16.2 %12.4 % 2.00
Diamond Power Infrastructure Ltd 6,603 Cr. 125 185/86.267.3 13.60.00 %%% 1.00
Universal Cables Ltd 2,375 Cr. 684 1,008/40715.1 5390.58 %8.58 %5.06 % 10.0
Industry Average19,401.80 Cr1,184.1428.28247.580.35%18.06%16.30%6.15

All Competitor Stocks of KEI Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,7841,9531,7831,9452,0592,3302,0652,2842,4722,9152,5902,7262,955
Expenses 1,6021,7511,6041,7431,8452,0751,8462,0592,2262,6142,3322,4572,635
Operating Profit 182202178202215255219225246301258269320
OPM % 10%10%10%10%10%11%11%10%10%10%10%10%11%
Other Income 147891451313937404234
Interest 81098111714131414141417
Depreciation 14141516151616161919202023
Profit before tax 174184163188202227203208221305263277315
Tax % 26%25%26%26%26%26%26%26%26%26%26%27%25%
Net Profit 129138121140151169150155165227196204235
EPS in Rs 14.2615.3113.4615.5416.7018.7016.6517.1517.2523.7120.4921.2924.57

Last Updated: February 5, 2026, 7:39 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 6:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,6192,0312,3262,6283,4594,2274,8844,1815,7276,9128,1049,73611,186
Expenses 1,4661,8382,0832,3593,1203,7854,3883,7265,1386,2067,2678,74510,037
Operating Profit 1531932422693394424964565897068389911,149
OPM % 9%10%10%10%10%10%10%11%10%10%10%10%10%
Other Income 1551097162015284972153
Interest 112120127124111136129574035445659
Depreciation 21252528323457585557617082
Profit before tax 2253951262042793273605086427819371,160
Tax % 47%35%35%26%29%35%22%25%26%26%26%26%
Net Profit 12346294145182255270376477581696861
EPS in Rs 1.574.438.0512.0618.4523.0428.5029.9241.7552.9364.3972.8890.06
Dividend Payout % 13%9%6%5%5%5%5%7%6%6%5%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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:22%
Compounded Profit Growth
10 Years:36%
5 Years:22%
3 Years:23%
TTM:22%
Stock Price CAGR
10 Years:46%
5 Years:60%
3 Years:40%
1 Year:-8%
Return on Equity
10 Years:19%
5 Years:18%
3 Years:18%
Last Year:16%

Last Updated: September 5, 2025, 9:00 am

Balance Sheet

Last Updated: December 4, 2025, 1:31 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 15151516161618181818181919
Reserves 2582883514455897631,4891,7562,1172,5713,1305,7676,169
Borrowings 511452498813842599367333355162166217235
Other Liabilities 4605855986227701,3871,3959021,0361,0191,3421,2321,585
Total Liabilities 1,2441,3421,4631,8962,2172,7653,2693,0083,5273,7704,6567,2358,008
Fixed Assets 3142983284054074895545375315677709931,128
CWIP 04293233211717151213851,051
Investments 3333321121222
Other Assets 9261,0361,1031,4851,7842,2432,7032,4632,9783,1873,7645,8545,827
Total Assets 1,2441,3421,4631,8962,2172,7653,2693,0083,5273,7704,6567,2358,008

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 83198185-29189624-13154229514611-32
Cash from Investing Activity + -22-17-98-63-76-2751175-58-137-353-1,501
Cash from Financing Activity + -73-181-87229-68-38699-129-31-256-721,919
Net Cash Flow -110113745-3797101139121186386
Free Cash Flow 6218188-91125502-93131169416211-726
CFO/OP 58%107%85%1%72%161%16%54%60%98%97%20%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-358.00-259.00-256.00-544.00-503.00-157.00129.00123.00234.00544.00672.00774.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 9786891141089510211889736867
Inventory Days 12210996114979410310296798487
Days Payable 117119981101101391409968546339
Cash Conversion Cycle 10176871199549661211179989115
Working Capital Days 192432172919619481807089
ROCE %18%22%27%23%23%29%28%21%24%26%27%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 37.21%37.10%37.08%37.08%37.08%37.08%37.06%35.01%35.01%35.01%35.00%35.00%
FIIs 27.37%27.67%29.57%30.95%31.00%30.75%31.11%29.75%25.83%26.59%25.82%25.49%
DIIs 19.55%19.55%17.64%16.05%16.30%16.56%16.01%20.72%23.51%25.63%26.71%27.27%
Public 15.88%15.68%15.70%15.91%15.60%15.60%15.82%14.52%15.65%12.77%12.47%12.25%
No. of Shareholders 98,0211,08,7491,25,7131,30,6921,29,0551,55,5141,65,9051,66,0671,97,8441,69,7801,59,9681,53,138

Shareholding Pattern Chart

No. of Shareholders

KEI Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Motilal Oswal Midcap Fund 4,084,550 4.77 1642.444,000,0002026-02-23 07:13:562.11%
Kotak Midcap Fund 3,333,420 2.27 1340.43,233,4202026-02-23 07:11:393.09%
HDFC Small Cap Fund 1,007,856 1.1 405.27N/AN/AN/A
DSP Mid Cap Fund 834,168 1.76 335.43436,7672025-12-08 04:16:4390.99%
Canara Robeco Small Cap Fund 782,973 2.48 314.84737,4822025-12-08 04:16:436.17%
Axis Midcap Fund 734,598 0.96 295.39819,4572026-02-22 01:24:20-10.36%
Invesco India Contra Fund 724,423 1.46 291.3264,6492025-12-08 04:16:43173.73%
Franklin India Focused Equity Fund 680,000 2.23 273.43713,8292026-01-26 02:56:28-4.74%
HSBC Small Cap Fund 468,011 1.25 188.19537,7002025-12-15 01:29:34-12.96%
Edelweiss Mid Cap Fund 433,982 1.26 174.51N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 21.8013.496.8512.9221.50
Diluted EPS (Rs.) 21.8013.496.8512.9221.50
Cash EPS (Rs.) 28.3420.7013.1319.0627.43
Book Value[Excl.RevalReserv]/Share (Rs.) 200.88159.30146.69140.80130.68
Book Value[Incl.RevalReserv]/Share (Rs.) 200.88159.30146.69140.80130.68
Revenue From Operations / Share (Rs.) 820.69774.57672.18534.51510.08
PBDIT / Share (Rs.) 59.1649.2833.4935.6645.55
PBIT / Share (Rs.) 52.2642.0727.2129.5239.62
PBT / Share (Rs.) 27.3316.596.2615.5429.40
Net Profit / Share (Rs.) 21.4413.496.8512.9221.50
NP After MI And SOA / Share (Rs.) 21.4413.496.8512.9221.50
PBDIT Margin (%) 7.206.364.986.678.93
PBIT Margin (%) 6.365.434.045.527.76
PBT Margin (%) 3.322.140.932.905.76
Net Profit Margin (%) 2.611.741.012.414.21
NP After MI And SOA Margin (%) 2.611.741.012.414.21
Return on Networth / Equity (%) 10.678.464.669.1716.45
Return on Capital Employeed (%) 23.3623.9215.6817.9027.08
Return On Assets (%) 2.571.820.942.033.93
Long Term Debt / Equity (X) 0.060.060.130.100.06
Total Debt / Equity (X) 0.690.930.840.790.54
Asset Turnover Ratio (%) 1.061.060.910.860.90
Current Ratio (X) 1.191.111.111.131.16
Quick Ratio (X) 1.121.031.031.041.07
Inventory Turnover Ratio (X) 18.567.166.756.786.65
Dividend Payout Ratio (NP) (%) 18.0122.2358.4130.950.00
Dividend Payout Ratio (CP) (%) 13.6314.4930.4620.980.00
Earning Retention Ratio (%) 81.9977.7741.5969.050.00
Cash Earning Retention Ratio (%) 86.3785.5169.5479.020.00
Interest Coverage Ratio (X) 2.371.931.602.904.46
Interest Coverage Ratio (Post Tax) (X) 1.861.531.332.193.10
Enterprise Value (Cr.) 23876.6521380.4914579.1912348.7212144.35
EV / Net Operating Revenue (X) 1.091.070.840.890.92
EV / EBITDA (X) 15.1616.8816.9313.4710.37
MarketCap / Net Operating Revenue (X) 0.950.890.670.700.80
Retention Ratios (%) 81.9877.7641.5869.040.00
Price / BV (X) 3.904.363.112.693.14
Price / Net Operating Revenue (X) 0.950.890.670.700.80
EarningsYield 0.020.010.010.030.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Cables - Power/OthersD-90, Okhla Industrial Area, New Delhi Delhi 110020Contact not found
Management
NamePosition Held
Mr. Anil GuptaChairman & Managing Director
Mr. Rajeev GuptaExecutive Director (Finance) & CFO
Mr. Akshit Diviaj GuptaWhole Time Director
Mrs. Archana GuptaNon Executive Director
Ms. Shalini GuptaInd. Non-Executive Director
Mr. Sadhu Ram BansalInd. Non-Executive Director
Dr. Rajesh Kumar YaduvanshiInd. Non-Executive Director
Mr. Vinay MittalInd. Non-Executive Director

FAQ

What is the intrinsic value of KEI Industries Ltd and is it undervalued?

As of 23 April 2026, KEI Industries Ltd's intrinsic value is ₹1854.21, which is 55.16% lower than the current market price of ₹4,135.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.6 %), book value (₹647), dividend yield (0.11 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of KEI Industries Ltd?

KEI Industries Ltd is trading at ₹4,135.00 as of 23 April 2026, with a FY2026-2027 high of ₹5,303 and low of ₹2,424. The stock is currently in the middle of its 52-week range. Market cap stands at ₹39,529 Cr..

How does KEI Industries Ltd's P/E ratio compare to its industry?

KEI Industries Ltd has a P/E ratio of 45.9, which is above the industry average of 28.28. The premium over industry average may reflect growth expectations or speculative interest.

Is KEI Industries Ltd financially healthy?

Key indicators for KEI Industries Ltd: ROCE of 21.3 % indicates efficient capital utilization; ROE of 15.6 % shows strong shareholder returns. Dividend yield is 0.11 %.

Is KEI Industries Ltd profitable and how is the profit trend?

KEI Industries Ltd reported a net profit of ₹696 Cr in Mar 2025 on revenue of ₹9,736 Cr. Compared to ₹376 Cr in Mar 2022, the net profit shows an improving trend.

Does KEI Industries Ltd pay dividends?

KEI Industries Ltd has a dividend yield of 0.11 % at the current price of ₹4,135.00. The company pays dividends, though the yield is modest.

Last Updated: April 2, 2026, 3:12 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532714 | NSE: KEC
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
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