K E C International Ltd

K E C Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

K E C International Ltd

₹ 992 -0.30%
21 Nov - close price
kecrpg.com BSE: 532714 NSE: KEC
About

KEC International is a global infrastructure EPC major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. It is the flagship Company of the RPG Group.[1]

Key Points

Order Book & Order Intake[1]
As of Dec'23, the company has an order book of Rs.30,161 Cr and L1 position stands of over Rs.8,000 Cr.
International: 31%
Domestic 69%
Order Book by Sector
T&D : 49% (T&D : 45% ; SAE: 4%)
Civil : 33%
Railways : 12%
Cables : 2%
Oil & Gas : 2%
Others : 2%

Website BSE NSE
  • Market Cap ₹ 26,407 Cr.
  • Current Price ₹ 992
  • High / Low ₹ 1,075 / 566
  • Stock P/E 116
  • Book Value ₹ 186
  • Dividend Yield 0.40 %
  • ROCE 12.6 %
  • ROE 3.65 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 45.4%
  • Debtor days have improved from 103 to 78.9 days.

Cons

  • Stock is trading at 5.34 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.78%
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 7.78% over last 3 years.
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Infrastructure Developers & Operators Industry: Transmisson Line Towers / Equipment

Part of BSE 250 SmallCap Index Nifty Smallcap 250 Nifty Smallcap 100 BSE India Infrastructure Index BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,357 3,001 3,878 2,849 3,736 3,868 4,961 3,701 3,982 4,398 5,302 3,888 4,484
3,042 2,694 3,596 2,615 3,506 3,688 4,755 3,532 3,798 4,187 5,018 3,715 4,254
Operating Profit 315 307 282 234 230 180 206 169 184 211 284 174 230
OPM % 9% 10% 7% 8% 6% 5% 4% 5% 5% 5% 5% 4% 5%
-41 8 -94 8 -59 3 8 4 17 29 12 44 33
Interest 64 71 77 75 101 123 135 135 155 146 136 137 152
Depreciation 30 31 33 31 31 32 32 33 37 38 39 38 37
Profit before tax 180 213 78 136 39 28 47 5 9 56 121 43 74
Tax % 27% 28% 41% 26% 9% 47% 37% 31% 28% 21% 23% 25% 21%
132 153 46 100 36 15 29 4 7 44 93 32 58
EPS in Rs 5.14 5.94 1.78 3.90 1.39 0.57 1.14 0.15 0.26 1.71 3.61 1.25 2.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
5,592 6,559 6,592 7,690 7,566 9,037 10,118 10,471 11,852 12,573 15,413 17,383 18,072
5,298 6,120 6,204 6,924 6,764 8,043 8,949 9,252 10,527 11,354 14,457 16,407 17,173
Operating Profit 294 439 389 767 802 995 1,169 1,218 1,324 1,219 956 976 898
OPM % 5% 7% 6% 10% 11% 11% 12% 12% 11% 10% 6% 6% 5%
21 65 177 12 22 21 38 13 27 -125 -40 60 117
Interest 228 298 313 322 285 279 366 369 333 359 539 699 571
Depreciation 43 55 70 118 115 95 106 118 122 123 127 146 151
Profit before tax 44 151 182 339 424 641 735 745 897 613 250 192 294
Tax % 90% 43% 39% 42% 33% 33% 32% 27% 28% 29% 28% 23%
5 86 111 195 282 430 498 546 646 434 180 148 227
EPS in Rs 0.18 3.33 4.31 7.60 10.96 16.73 19.36 21.23 25.13 16.90 7.01 5.74 8.75
Dividend Payout % 282% 18% 21% 13% 15% 14% 14% 16% 16% 24% 43% 70%
Compounded Sales Growth
10 Years: 10%
5 Years: 11%
3 Years: 14%
TTM: 9%
Compounded Profit Growth
10 Years: 5%
5 Years: -22%
3 Years: -39%
TTM: 316%
Stock Price CAGR
10 Years: 26%
5 Years: 29%
3 Years: 28%
1 Year: 70%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 8%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 51 51 51 51 51 51 51 51 51 51 51 51 53
Reserves 925 981 1,059 1,331 1,604 1,987 2,443 2,787 3,468 3,804 3,912 4,024 4,891
1,096 1,423 1,542 2,564 1,465 1,334 1,577 2,200 1,785 2,483 2,754 3,305 3,798
3,105 3,575 3,493 4,043 4,569 6,362 7,028 7,082 8,142 8,843 9,295 10,135 9,388
Total Liabilities 5,177 6,031 6,145 7,989 7,690 9,735 11,100 12,120 13,446 15,182 16,013 17,515 18,131
861 817 724 757 712 686 728 757 709 767 779 833 799
CWIP 21 9 12 7 4 71 5 9 18 2 8 7 51
Investments 6 6 7 81 122 318 436 616 807 964 1,076 1,159 1,159
4,289 5,199 5,402 7,145 6,851 8,660 9,931 10,739 11,913 13,449 14,149 15,516 16,122
Total Assets 5,177 6,031 6,145 7,989 7,690 9,735 11,100 12,120 13,446 15,182 16,013 17,515 18,131

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-151 -27 63 -37 1,545 774 171 120 833 104 576 335
-91 -22 127 -103 -153 -347 -93 -286 -186 -373 -301 -266
209 75 -154 36 -1,327 -374 -108 105 -600 293 -309 -95
Net Cash Flow -33 26 36 -105 65 53 -30 -61 48 23 -34 -26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 171 186 179 208 190 195 171 182 161 137 93 79
Inventory Days 34 36 38 25 27 35 35 46 51 49 45 44
Days Payable 263 306 295 264 301 352 342 367 440 435 462 428
Cash Conversion Cycle -58 -85 -78 -30 -84 -122 -136 -139 -228 -249 -323 -305
Working Capital Days 59 68 74 124 93 77 89 106 92 104 90 92
ROCE % 14% 20% 14% 20% 20% 28% 30% 24% 24% 19% 13% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.82% 51.82% 51.88% 51.88% 51.88% 51.88% 51.88% 51.88% 51.88% 51.88% 51.88% 50.10%
12.25% 12.19% 12.17% 11.58% 12.62% 12.60% 11.58% 11.25% 10.90% 12.45% 12.66% 13.60%
26.35% 26.39% 26.47% 26.52% 25.56% 25.79% 26.65% 27.16% 26.95% 25.84% 25.29% 26.33%
9.58% 9.60% 9.48% 10.03% 9.93% 9.73% 9.90% 9.73% 10.28% 9.83% 10.16% 9.97%
No. of Shareholders 1,10,7931,12,2591,07,6321,06,2481,00,15498,14598,6431,03,0191,16,2811,10,6181,25,2271,36,627

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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Credit ratings

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