K E C International
K E C International Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for K E C International Ltd, framed against the sector median so the premium or discount is obvious at a glance.
K E C International Ltd trades at a P/E of 22.13× and P/B of 2.18×.
Valuation
Profitability
Growth
Financial Health
K E C International Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for K E C International Ltd, switchable between annual and quarterly views, consolidated or standalone.
K E C International Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹13,613.47 Cr and reported EPS of ₹22.75.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 10,096 | 11,001 | 11,965 | 13,114 | 13,742 | 17,282 | 19,914 | 21,847 | 23,506 |
| Other Income | 40 | 23 | 11 | 30 | 13 | 31 | 52 | 71 | 50 |
| Total Income | 10,137 | 11,023 | 11,976 | 13,144 | 13,756 | 17,313 | 19,967 | 21,918 | 23,556 |
| Cost of Goods Sold (COGS) | 5,145 | 5,410 | 5,592 | 5,701 | 5,949 | 7,069 | 8,408 | 10,079 | 11,246 |
| Gross Profit | 4,952 | 5,591 | 6,374 | 7,414 | 7,793 | 10,213 | 11,506 | 11,768 | 12,259 |
| +Operating Expenses | 3,946 | 4,441 | 5,139 | 6,272 | 6,890 | 9,383 | 10,292 | 10,264 | 10,601 |
| EBITDA | 1,006 | 1,150 | 1,234 | 1,141 | 904 | 830 | 1,215 | 1,504 | 1,659 |
| +Non-Operating Expenses | 356 | 429 | 455 | 415 | 430 | 700 | 840 | 847 | 802 |
| Profit Before Tax (PBT) | 690 | 744 | 790 | 756 | 399 | 161 | 426 | 727 | 789 |
| +Tax Expense | 230 | 257 | 225 | 203 | 67 | -15 | 80 | 157 | 184 |
| Profit After Tax (PAT) | 460 | 486 | 566 | 553 | 332 | 176 | 347 | 571 | 606 |
| Earnings Per Share (EPS) | 17.91 | 19.28 | 22.00 | 21.50 | 12.92 | 6.85 | 13.49 | 21.44 | 22.75 |
| Diluted Shares Outstanding (Nos.) | 26 | 26 | 26 | 26 | 26 | 26 | 26 | 27 | 27 |
| +Additional Disclosures | 14,583 | 15,714 | 16,764 | 18,098 | 19,293 | 24,298 | 28,003 | 31,314 | 34,444 |
| Sales Growth % | — | 8.96 | 8.77 | 9.60 | 4.79 | 25.76 | 15.23 | 9.70 | 7.59 |
| YoY Sales Growth % | — | 8.96 | 8.77 | 9.60 | 4.79 | 25.76 | 15.23 | 9.70 | 7.59 |
| Material Cost % | 52 | 49 | 47 | 43 | 44 | 40 | 42 | 45 | 49 |
| Employee Cost % | 8 | 8 | 9 | 9 | 9 | 8 | 7 | 7 | 7 |
| Other Cost % | 31 | 33 | 34 | 39 | 41 | 46 | 44 | 40 | 38 |
| OPM % | 10 | 10 | 10 | 9 | 7 | 5 | 6 | 7 | 7 |
| Tax % | 33 | 35 | 28 | 27 | 17 | -9 | 19 | 22 | 23 |
| Profit Growth % | — | 5.65 | 16.26 | -2.26 | -39.92 | -46.99 | 97.00 | 64.58 | 6.11 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 896 | 1,033 | 1,087 | 989 | 746 | 668 | 1,029 | 1,320 | 1,461 |
K E C International segment analysis: revenue and profit mix.
Disclosed business segments at K E C International with their share of revenue and profit, switchable between consolidated and standalone reporting.
K E C International discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
K E C International Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy K E C International Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
K E C International Ltd's investment case rests on 7 positive markers and 7 flagged concerns drawn from the latest reported filings.
What you're getting.
KEC International Ltd exhibits strong quarterly profit growth, with a remarkable 42.30% increase. This positive trend, coupled with an 11.30% rise in quarterly sales, signals robust operational efficiency and market demand.
The company boasts a healthy Return on Equity (ROE) of 12%, indicating efficient utilization of shareholder investments to generate profits. Further, a Return on Capital Employed (ROCE) of 18% showcases effective capital management.
KEC's substantial profit after tax of INR 608 crore demonstrates its profitability and financial strength. This, combined with a relatively low debt-to-equity ratio of 0.74, indicates manageable financial leverage.
Despite market volatility, KEC demonstrates resilience. Promoter holding stands at a significant 50.1%, suggesting confidence in the company's future prospects and stability for investors.
The Civil Construction sector often benefits from government infrastructure spending and economic development, potentially driving increased demand for KEC's services and order book expansion.
What can break it.
KEC's Price-to-Earnings (PE) ratio of 36.30 is relatively high compared to some industry peers, potentially suggesting the stock might be overvalued in the current market conditions.
The company's considerable debt of INR 3957 crore represents a substantial financial burden. While the debt-to-equity ratio of 0.74 is manageable, it warrants monitoring for potential future risks.
Recent stock performance shows negative changes over 5 days. The 52-week high of 1313.00 and low of 605.00 indicate significant price volatility, posing risk to investors seeking stability.
While promoter holding is substantial, a decrease from 51.88% (2022) to 50.1% (2025) might raise minor concerns regarding long-term shareholding confidence, warranting further investigation.
KEC operates in a highly competitive Civil Construction sector with several strong peers like Larsen & Toubro and Kalpataru Projects, potentially impacting market share and profit margins.
What would change my mind.
Trim if P/E re-rates above 29. The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 87.81. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
K E C International Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — K E C International Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
K E C International Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for K E C International Ltd — derived from the live tape, not yesterday's close.
K E C International Ltd last traded at ₹512.75 with an intraday range of ₹510–₹525.9 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹512.75| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 554.23 | +41.48 | +8.09% |
| R3 | 538.33 | +25.58 | +4.99% |
| R2 | 532.12 | +19.37 | +3.78% |
| R1 | 522.43 | +9.68 | +1.89% |
| PIVOT | 516.22 | 3.47 | 0.68% |
| CURRENT | 512.75 | — | — |
| S1 | 474.73 | -38.02 | -7.41% |
| S2 | 490.63 | -22.12 | -4.31% |
| S3 | 500.32 | -12.43 | -2.42% |
| S4 | 506.53 | -6.22 | -1.21% |
KEC is trading Below CPR, indicating Bearishness
CPR is Wider, suggesting unlikely for trending moves
Day's range: 517.05 ~ 525.9
Trading Above opening range, showing Bullishness
K E C International Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for K E C International Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in K E C International Ltd stood at 41.7% of traded volume, against a 20-day average of 42.4%.
K E C International announcements: results, concalls, ratings, M&A.
Filings K E C International sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
K E C International files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 158 documents below.
Disclosure under SEBI Takeover Regulations
Swallow Associates LLP has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India…
Copy of Newspaper Publication
KEC International Limited has informed the Exchange about Notice to the shareholders intimating proposed transfer of equity shares of the Company to…
Analysts/Institutional Investor Meet/Con. Call Updates
KEC International Limited has informed the Exchange about Transcript
Copy of Newspaper Publication
KEC International Limited has informed the Exchange about Copy of Newspaper Publication regarding Audited Financial Results of the Company
Analysts/Institutional Investor Meet/Con. Call Updates
KEC International Limited has informed the Exchange about Schedule of meet
Investor decks & rating reports.
Investor Presentation
Investor Presentation
Investor Presentation
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
K E C International dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue K E C International has declared, sequenced by announce and record date.
K E C International corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About K E C International Ltd: business, sector, key facts.
What K E C International Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
K E C International Ltd operates in the Industrials, listed as NSE: KEC, BSE: 532714.
KEC International Limited is a global EPC (Engineering, Procurement, and Construction) company with a diverse portfolio spanning various sectors. Their core business revolves around the design, manufacturing, supply, and erection of power transmission lines, including high-voltage substations and gas-insulated transmission lines, often undertaken on a turnkey basis. This includes expertise in oil field transmission line projects, demonstrating a strong focus on energy infrastructure development.
Beyond power transmission, KEC has a significant presence in the railway sector. They provide turnkey solutions for railway contracts, encompassing infrastructure development, the supply of critical components like contact and catenary conductors, signaling cables, and galvanized steel structures. This broad scope showcases their ability to manage complex, large-scale railway projects for both private and government clients.
KEC's civil engineering capabilities extend beyond energy and railways. They offer solutions for a wide array of projects, including transportation, urban infrastructure, industrial facilities, residential and defense projects, commercial and public spaces, datacenters, and water management systems. This diversification allows them to cater to a wide spectrum of clients and market demands, both domestically and internationally.
The company is also making inroads into the renewable energy sector, offering solar EPC services for large-scale solar PV projects, as well as PV solutions for commercial and industrial clients. This commitment to renewable energy reflects a strategic move towards sustainable infrastructure development and aligns with global trends towards cleaner energy sources. Their expertise extends to project management, feasibility analysis, and bid management for these projects.
Furthermore, KEC undertakes the construction of oil and gas/slurry pipelines, and provides composite mechanical, civil, electrical, and instrumentation work in hydrocarbon facilities. This demonstrates KEC's expertise in handling complex projects within the energy sector. In addition to EPC services, KEC manufactures and exports a broad range of power cables, including EHV, HT, and LV cables, as well as specialized cables for various applications, showcasing a vertically integrated business model.
Questions investors ask about K E C International Ltd (KEC).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of K E C International Ltd (KEC)?
The current share price of K E C International Ltd (KEC) is ₹512.75. Today, the stock has gained by ₹8.30 (1.65%), trading in a range of ₹510 to ₹525.9. The stock opened at ₹521.05 with a trading volume of 15,67,707 shares.
02Is K E C International Ltd stock a good investment for long-term?
K E C International Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹13,613.47 crores, P/E ratio of 22.13, ROE of 10.52%, and ROCE of 18.00%. The dividend yield stands at 1.09%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of K E C International Ltd stock?
The 52-week high price of K E C International Ltd (KEC) is ₹947, while the 52-week low is ₹466. Currently trading at ₹512.75, the stock is 9.7% away from its 52-week low and 45.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy K E C International Ltd stock at the current price?
Whether to buy K E C International Ltd stock at ₹512.75 depends on multiple factors. The stock is currently trading with a P/E ratio of 22.13 and P/B ratio of 2.18. Today's performance shows a gain of 1.65%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of K E C International Ltd and when is the next dividend?
K E C International Ltd offers a dividend yield of 1.09%, which means for every ₹100 invested at the current price of ₹512.75, you can expect to receive approximately ₹1.09 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of K E C International Ltd?
K E C International Ltd's key financial metrics include: P/E Ratio: 22.13, P/B Ratio: 2.18, ROE: 10.52%, ROCE: 18.00%, Dividend Yield: 1.09%, EPS: ₹22.75, Book Value: ₹231.32, and Debt-to-Equity: 87.31. The company's market cap stands at ₹13,613.47 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is K E C International Ltd stock performing today in the market?
K E C International Ltd stock opened at ₹521.05 and is currently trading at ₹512.75, showing a gain of ₹8.30 (1.65%). The intraday high is ₹525.9 and low is ₹510. The trading volume stands at 15,67,707 shares, indicating strong market participation today.
08What is the P/E ratio of K E C International Ltd and what does it indicate?
K E C International Ltd has a Price-to-Earnings (P/E) ratio of 22.13, which means investors are willing to pay ₹22.13 for every ₹1 of earnings. With an EPS of ₹22.75, this P/E ratio indicates moderate valuation in line with market standards. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about K E C International Ltd (KEC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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