KEI Share Price Target 2024-2030 Fundamentals & Quarterly Results

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KEI Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030 Fundamentals & Quarterly Results –In 1968, the company came into existence in the form of a partnership organization under the title of Krishna Electrical Industries and its main business activity in the manufacture of house wiring rubber cables. Over the years, it has expanded across the world and metamorphosed all errors and perceptions of imagined boundaries into a conglomerate providing complete wire & cable solutions. Products provided by us are distributed to more than 45 countries across the globe through network of more than 5000 channel partners. Always KEI Industries has believed in the power of its human resources.KEI Industries Share Price Target

These long-cherished dreams have now fructified and we have a strong family of 5385 employees in multiple roles assisting us in effectively servicing our customers. At present, we are based in New Delhi, however, we have more than 38 branches and 21 depots all over the country. And this is the story of fifty years of unyielding, resolute and devoted drive to become a powerhouse and we have now attained the global stature we enjoy.

KEI Overview

Founded in the year 1968, the current organization, KEI Industries Ltd is primarily , engaged in manufacturing and marketing of wires and cables (W&C) such as EHV cables, HT cables, LT cables, etc. both within the country and beyond its borders.

Company NameKEI Industries Ltd
Listed atNSE & BSE
Head OfficeD-90, Okhla Industrial Area Phase-I, New Delhi-110020, India
Board Of Directors
  • Mr.Anil Gupta Chairman & Managing Director
  • Mr.Akshit Diviaj Gupta Executive Director
  • Mr.Rajeev Gupta Executive Director (Finance) & CFO
  • Mr.Pawan Bholusaria Ind. Non-Executive Director
  • Dr.Rajesh Kumar Yaduvanshi Ind. Non-Executive Director
  • Mr.Vijay Bhushan Ind. Non-Executive Director
  • Mr.Vinay Mittal Ind. Non-Executive Director
  • Mr.Sadhu Ram Bansal Ind. Non-Executive Director
  • Ms.Shalini Gupta Ind. Non-Executive Director
  • Mr.K G Somani Ind. Non-Executive Director
  • Mr.Vikram Bhartia Ind. Non-Executive Director
  • Mrs.Archana Gupta Non Executive Director
Official Websitekei-ind.com

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KEI Business Profile

The firm designs, produces and sells Above Extra High Voltage (AEHV), Medium Voltage (MV) as well as Low Voltage (LV) cables.KEI comes in second with a market share of 9% behind Polycab India Ltd which has a market share of 19%. It has both the retail and the institutional clients and also offers Engineering, Procurement and Construction (EPC) service.

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EPC Services

The company specializes in Engineering and Construction (EPC) solutions in the fields of GIS and AIS Substations, Overhead and Underground Power Transmission and Distribution Systems and Railway Electrification/Substation Returning back Wherever Complete Installation is Required.

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Capex

  1. KEI raised the capacity of the house wires and the LV cables at its Chinchpada location by spending Rs. 80 crores – 85 crores in the financial year FY24.
  2. Further, the firm is also looking to finish the capex concerning the capacity addition of LV cables valued at Rs. 110cr-125crat Pathredi by the end of Q1 FY25.
  3. In addition, the current greenfield capital expenditure of Rs. 1700 crores to Rs. 1800 crores at Sanand (Ahmedabad, Gujarat) is expected to be financed through a combination of debt and internal accruals.
  4. Approximately ₹200 crore of this expenditure was spent during the fiscal year 2024, while the bulk of ₹900 crores – 1000 crores would be spent in the next fiscal year 2025 and the remaining ₹500-600 crore in the year 2026.
  5. This capital expenditure is aimed at the augmentation of low voltage capacity, medium voltage and extra high voltage cables.

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Distribution Network

It encompasses a network of 30,000 channel partners, including, 38 branch offices, 22 depots, and 23 warehouses. On the retail side, the company has 1,650 distribution partners located throughout the country.

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Customers

It focuses on the cabling needs of various industries such as Power, Oil Refineries, Railways, etc. Some of its key clients include HSBC, Infosys, etc.
It serves both –
The retail segment offers house wires, winding and flexible wires, LT power cables, and HT cables.
The institutional segment (53%) includes EHV cables, HT and LT power cables, turnkey projects, and stainless steel wires.

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KEI Fundamentals & Quarterly Results

Market Cap₹ 41,316 Cr.
Current Price₹ 4,576
High / Low₹ 5,040 / ₹ 2,317
Stock P/E67.7
Book Value₹ 349
Dividend Yield0.08 %
ROCE27.2 %
ROE20.2 %
Face Value₹ 2.00
Debt to Equity0.05
Debt Capacity0.04
Debt Preceding Year₹ 162 Cr.
Current Debt₹ 166 Cr.
Reserves₹ 3,130 Cr.
EPS₹ 67.6
EPS Last Year₹ 64.4
Pledged Percentage0.00 %
Free Cash Flow (Prev Ann)₹ 416 Cr.
EV/EBITDA43.7
Industry PE39.0
PEG Ratio2.59
Piotroski Score6.00
Earnings Yield2.13 %
Sales Growth (5 Years)13.9 %

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KEI Quarterly Results

PeriodJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales1,5651,6081,7841,9531,7831,9472,0592,3192,060
Expenses1,4061,4471,6021,7511,6041,7431,8452,0751,846
Operating Profit160161182202178204215245215
OPM %10%10%10%10%10%10%10%11%10%
Other Income4514788141518
Interest9881098111714
Depreciation141414141516151616
Profit before tax140144174184163188202227203
Tax %26%26%26%25%26%26%26%26%26%
Net Profit104107129138121140151169150
EPS in Rs11.5211.8514.2615.3113.4615.5416.7018.7016.65

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CAGR Report

Metric10 Years5 Years3 YearsTTM/1 Year
Compounded Sales Growth17%14%25%18%
Compounded Profit Growth48%26%29%23%
Stock Price CAGR65%53%70%69%
Return on Equity (ROE)20%20%20%20%

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KEI Shareholding Pattern

PeriodPromotersFIIsDIIsPublicNo. of Shareholders
Mar 201746.59%4.18%18.79%30.44%24,396
Mar 201846.26%7.75%12.50%33.49%43,828
Mar 201945.93%10.84%19.10%24.14%42,579
Mar 202040.50%15.30%24.71%19.49%53,958
Mar 202140.34%18.49%24.14%17.03%57,417
Mar 202238.02%25.22%21.58%15.17%84,286
Mar 202337.21%27.37%19.55%15.88%98,021
Mar 202437.08%31.00%16.30%15.60%1,29,055
Sep 202437.06%31.10%16.01%15.83%1,65,905

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KEI Share Price Target 2024-2030 Forecast

YearInitial TargetMid-Year TargetYear-End Target
2024₹5811.84₹7474.95₹8472.81
2025₹8642₹8123₹9696
2026₹9890₹9296₹11097
2027₹11319₹10639₹12700
2028₹12954₹12175₹14533
2029₹14824₹13932₹16631
2030₹16964₹15944₹19033

KEI Share Price Target 2025

MonthTarget
January₹8642
February₹8815
March₹8991
April₹8692
May₹8403
June₹8123
July₹8448
August₹8786
September₹9137
October₹9320
November₹9506
December₹9696

KEI Share Price Target 2026

MonthTarget
January₹9890
February₹10088
March₹10290
April₹9947
May₹9616
June₹9296
July₹9668
August₹10055
September₹10457
October₹10666
November₹10879
December₹11097

KEI Share Price Target 2027

MonthTarget
January₹11319
February₹11545
March₹11776
April₹11384
May₹11005
June₹10639
July₹11065
August₹11508
September₹11968
October₹12207
November₹12451
December₹12700

KEI Share Price Target 2028

MonthTarget
January₹12954
February₹13213
March₹13477
April₹13028
May₹12594
June₹12175
July₹12662
August₹13168
September₹13695
October₹13969
November₹14248
December₹14533

KEI Share Price Target 2029

MonthTarget
January₹14824
February₹15120
March₹15422
April₹14908
May₹14412
June₹13932
July₹14489
August₹15069
September₹15672
October₹15985
November₹16305
December₹16631

KEI Share Price Target 2030

MonthTarget
January₹16964
February₹17303
March₹17649
April₹17061
May₹16493
June₹15944
July₹16582
August₹17245
September₹17935
October₹18294
November₹18660
December₹19033

Official Website  – kei-ind.com

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