MarketFriction

KEC International Ltd

NSE KEC · BSE 532714 · Civil Construction
₹372.35 -1.30%
NSE close2026-10-01
52 week range375.10 - 893.00
Market cap₹10,072 Cr.
P/E16.8
Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 38.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,4995,0076,1654,5125,1135,3496,8725,0236,0926,0016,3905,024
Expenses4,2254,6995,7774,2424,7934,9756,3334,6735,6615,5715,9424,733
Operating Profit274308388270320374539350430430448291
OPM %6%6%6%6%6%7%8%7%7%7%7%6%
Other Income1626843712055-493014
Interest178164154155168170170151171171170164
Depreciation474948474545474651505151
Profit before tax6612119311211316034215921316025890
Tax %15%20%21%22%25%19%22%21%25%20%25%19%
Net Profit5697152888513026812516112719373
EPS in Rs2.173.775.903.413.214.8710.084.686.044.797.242.73
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,5188,58410,05311,00111,96513,11413,74217,28219,91421,84723,50623,506
Expenses7,7337,6738,9579,76410,63511,87412,74216,36218,55620,16421,63621,907
Operating Profit7859111,0951,2371,3301,2401,0019201,3591,6831,8691,599
OPM %9%11%11%11%11%9%7%5%7%8%8%7%
Other Income61422311129-31595068-110
Interest368332318398403360413656797839872677
Depreciation132130110117147153158161185184197202
Profit before tax291463689753790756399161426727789721
Tax %49%34%33%34%28%27%17%-9%19%22%23%
Net Profit148305460496566553332176347571606554
EPS in Rs5.7511.8617.9119.2822.0021.5012.926.8513.4921.4422.7520.80
Dividend Payout %17%14%13%14%15%19%31%44%30%26%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%12%11%5%
Compounded Profit Growth16%4%55%-1%
Stock Price CAGR12%-3%-17%-57%
Return on Equity14%10%11%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital515151515151515151515353
Reserves1,2781,2391,5351,9462,3842,7463,3083,5693,7204,0445,2946,106
Borrowings2,2143,2212,1061,7661,8392,5192,0663,0653,3833,9613,9575,378
Other Liabilities4,1834,3625,0236,7497,3897,5388,5669,61310,11710,97512,85913,596
Total Liabilities7,7278,8748,71510,51211,66312,85513,99216,29817,27119,03122,16425,133
Fixed Assets1,2591,1981,1491,1121,1821,3521,3981,5381,5831,6281,6471,773
CWIP168578784182111439114
Investments0251303913221130000
Other Assets6,4527,6437,4319,28310,46011,39612,57514,74515,67717,38920,47923,246
Total Assets7,7278,8748,71510,51211,66312,85513,99216,29817,27119,03122,16425,133
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity153-751,66266019987840-284614311419-414
Cash from Investing Activity125-7-182-4-67-113-134-204-139-243-46-231
Cash from Financing Activity-216-28-1,379-638-1503-659496-401-145-32511
Net Cash Flow62-11010117-18-2347874-76341-134
Free Cash Flow269-991,59552490-115726-42545178270-691
CFO/OP47%7%194%81%40%33%85%0%90%41%16%-6%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days166200179183162166150136907684101
Inventory Days383235454351546559534150
Days Payable266248278331324327395420433401380351
Cash Conversion Cycle-62-17-64-103-119-111-191-219-284-272-255-201
Working Capital Days7821334334373527254257
ROCE %15%16%20%27%29%25%21%14%12%16%18%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.88%51.88%51.88%51.88%50.10%50.10%50.10%50.10%50.10%50.10%50.10%50.10%
FIIs11.25%10.90%12.45%12.66%13.60%15.20%15.42%16.02%15.92%11.75%9.84%9.92%
DIIs27.16%26.95%25.84%25.29%26.33%24.91%24.18%22.55%22.54%25.47%26.86%23.34%
Public9.73%10.28%9.83%10.16%9.97%9.79%10.29%11.32%11.43%12.66%13.18%16.64%
No. of Shareholders1,03,0191,16,2811,10,6181,25,2271,36,6271,37,8201,59,5401,73,9271,79,5251,91,2281,97,5132,26,492

Fundamentals

Market Cap₹ 10,072 Cr.
Current Price₹ 378
Stock P/E16.8
Book Value₹ 231
ROCE16.5 %
ROE11.4 %
Dividend Yield1.45 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)5%
Compounded Profit Growth (TTM)-1%
Consolidated figures.
Valuation
Market capRs 9,912 Cr
Enterprise valueRs 14,778 Cr
P/E (TTM)17.90x
Price to book1.61x
Price to sales0.42x
EV / EBITDA9.24x
EV / EBIT10.58x
EV / sales0.63x
Earnings yield5.59%
Dividend yield1.48%
P/E, 3-year average36.82x
P/B, 3-year average3.49x
P/E, 5-year average41.29x
P/B, 5-year average3.25x
Profitability
Operating margin (excl. other income)7.95%
Operating margin (incl. other income)7.91%
EBITDA margin6.80%
Pre-tax margin3.07%
Net profit margin2.36%
Net margin, latest quarter1.45%
ROE10.53%
ROCE15.94%
ROA2.56%
ROE, 3-year average10.48%
ROCE, 3-year average16.69%
ROA, 3-year average2.41%
ROE, 5-year average9.14%
ROCE, 5-year average15.05%
ROA, 5-year average2.10%
ROIC (approx.)9.72%
Tax rate23.26%
Other income / net worth-0.18%
Growth
Sales growth (latest year)7.59%
Profit growth (latest year)6.11%
Sales CAGR, 3 years10.80%
Sales CAGR, 5 years12.38%
Profit CAGR, 3 years50.96%
Profit CAGR, 5 years1.84%
Sales growth QoQ-21.38%
Profit growth QoQ-62.33%
Sales growth YoY (latest quarter)0.01%
Profit growth YoY (latest quarter)-41.72%
Per share
EPS (TTM)Rs 20.80
EPS (latest year)Rs 22.75
EPS (latest quarter)Rs 2.73
EPS, 3-year averageRs 19.23
EPS, 5-year averageRs 15.49
Book value per shareRs 231.39
Sales per shareRs 883.03
Cash flow per shareRs -15.56
Free cash flow per shareRs -25.96
Dividend per share (latest year)Rs 5.50
Dividend per share, 3-year averageRs 5.00
Dividend per share, 5-year averageRs 4.40
Dividends
Dividend payout24.18%
Dividend payout, 3-year average26.49%
Dividend payout, 5-year average30.85%
Efficiency
Asset turnover0.94x
Fixed asset turnover13.25x
Inventory turnover12.02x
Inventory days30 days
Debtor days101 days
Debtors turnover3.63x
Creditor days351 days
Cash conversion cycle-201 days
Working capital days57 days
Leverage
Total debtRs 5,378 Cr
Cash and bankRs 512 Cr
Net debtRs 4,866 Cr
Debt to equity0.87x
Net debt / EBITDA3.04x
Interest coverage2.07x
Current ratio (filing 2026-03-31)1.23x
Quick ratio (filing 2026-03-31)1.15x
Trade payables (filing 2026-03-31)Rs 8,703 Cr
Owners' fund to total sources24.51%
Debt to assets21.40%
Cash flow
Cash from Operating Activity (latest year)Rs -414 Cr
Cash from Investing Activity (latest year)Rs -231 Cr
Cash from Financing Activity (latest year)Rs 511 Cr
Net Cash Flow (latest year)Rs -134 Cr
Free cash flow (latest year)Rs -691 Cr
FCFE (approx.: FCF + change in debt)Rs 729 Cr
Cash from ops / profit, 5 years0.32x
Statement figures
Net sales (TTM)Rs 23,506 Cr
Net sales (latest year)Rs 23,506 Cr
Sales (latest quarter)Rs 5,024 Cr
Operating profit excl. other income (latest year)Rs 1,869 Cr
Operating profit (latest quarter)Rs 291 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1,599 Cr
PBDT (TTM)Rs 923 Cr
Profit before tax (TTM)Rs 721 Cr
Tax (latest year)Rs 184 Cr
Net profit (TTM)Rs 554 Cr
Net profit (latest year)Rs 606 Cr
Net profit (latest quarter)Rs 73 Cr
Depreciation (TTM)Rs 202 Cr
Depreciation (latest quarter)Rs 51 Cr
Interest (TTM)Rs 677 Cr
Cost of goods sold (latest year)Rs 18,417 Cr
Total expenditure (latest year)Rs 21,636 Cr
Total income (latest year)Rs 23,495 Cr
Share capitalRs 53 Cr
ReservesRs 6,106 Cr
Shareholders' fundsRs 6,160 Cr
Total assetsRs 25,133 Cr
Net blockRs 1,773 Cr
Capital work in progressRs 114 Cr
ReceivablesRs 6,474 Cr
InventoryRs 1,533 Cr
Other liabilitiesRs 13,596 Cr
Shares outstanding (crore)26.62
Ownership
Promoter holding50.10% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.9 is at the 25th percentile of its own 9.4-year range (median 23.1, low 10.0, high 113.2).
P/B 1.61 is the lowest in 9.4 years (median 3.80).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodKECNifty 50Difference
1 week-5.8%-2.8% -3.0 pts
1 month-10.7%-6.8% -3.9 pts
3 months-27.1%-7.6% -19.5 pts
6 months-27.2%+0.4% -27.6 pts
1 year-57.1%-9.9% -47.2 pts
2 years-60.6%-13.6% -47.0 pts
3 years-43.8%+14.2% -58.0 pts
5 years-15.5%+27.9% -43.4 pts
88 mutual fund schemes hold about ₹2,046 Cr. Over three months 60 bought more and 21 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund0.62%348 +33%
HDFC Mid Cap Fund0.31%335 -9%
HDFC Small Cap Fund0.49%207 +6%
ICICI Pru India Opp Fund0.25%96 +7%
Canara Rob Small Cap Fund0.53%77 -11%
DSP Flexi Cap Fund0.59%74 +7%
HDFC Aggressive Hybrid Fund0.31%69 -8%
Nippon India Small Cap Fund0.07%62 -10%
HSBC Value Fund0.39%61 -10%
Bandhan Small Cap Fund0.16%56 -2%
Mahindra Manulife Mid Cap Fund0.96%52 +100%
Tata Balanced Adv Fund0.54%47 +13%
Bandhan Value Fund0.46%46 +10%
DSP ELSS Tax Saver Fund0.25%42 +9%
SBI Energy Opportunities Fund0.45%37 +15%
Franklin Build India Fund1.09%34 +13%
Bandhan ELSS-Tax Saver Fund0.48%33 +9%
Bandhan Flexi Cap Fund0.44%33 +20%
ICICI Pru Infrastructure Fund0.37%31 +46%
Canara Rob Aggressive Hybrid Fund(M0.27%30 +7%
DSP India T.I.G.E.R Fund0.43%28 +6%
DSP Large & Mid Cap Fund0.14%25 +6%
Nippon India Power & Infra Fund0.28%22 +8%
Tata Multi Asset Allocation Fund0.42%22 +8%
HDFC Large & Mid Cap Fund0.07%21 +6%

Red flags

F-score 3 of 8
explainWeak cash conversion Cash from operations was 21% of net profit over the last 3 years
lookRegulator order or action Regulator order or action 2026-09-29: Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated January 30
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹5,024 Cr +0.0% vs Jun 2025. Net profit ₹73 Cr -41.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-07Dividend - Rs 5.50 Per Share
2025-07-25Dividend - Rs 5.50 Per Share
2024-08-09Dividend - Rs 4 Per Share
2023-07-25Dividend - Rs 3 Per Share
2022-06-15Dividend - Rs 4 Per Share
2021-07-19 Dividend - Rs 4 Per Share
2020-02-13 Interim Dividend - Rs 3.4 Per Share
2019-07-15 Annual General Meeting/Dividend - Rs 2.70 Per Share
2018-07-20 Annual General Meeting/Dividend- Rs 2.40 Per Share
2017-07-18 Annual General Meeting/Dividend - Rs 1.60 Per Share
2016-07-21 Annual General Meeting
2016-03-22 Interim Dividend - Re 1/- Per Share
2015-07-20Annual General Meeting/Dividend - Re 0.90/- Per Share
2014-07-16Annual General Meeting / Dividend - Re 0.60/- Per Share
2013-08-07Annual General Meeting And Dividend Re.0.50 Per Share
2012-06-27Annual General Meeting/Dividend Rs 1.20 Per Share
2011-06-23Annual General Meeting And Dividend Rs.1.20 Per Share
2010-12-30Face Value Split From Rs.10/- To Rs.2/-0.2000
2010-06-10Annual General Meeting And Dividend Rs.6/- Per Share
2009-06-18Agm/Div-Rs.5/- Per Share
2008-06-18Agm/Dividend-50%
2008-02-11Scheme Of Arrangement
2007-07-17Agm/Dividend-45%
2006-06-08Agm/Dividend-12%
DateTypeWhat it says
2026-09-29Regulatory actionPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Circular dated January 30, 2026, de...
2026-09-23Concall / analyst meetPursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ...
2026-09-14Order winKEC International wins New Orders of Rs. 1,303 crores
2026-08-21Shareholder meetingPlease find enclosed herewith proceedings of the Annual General Meeting held on August 21, 2026 along with copy of the Scrutinizers report and voting ...
2026-08-19Giving guarantees/indemnity/Issuance of Corporate Guarantee on behalf of its subsidiary company
2026-08-14Concall / analyst meetWe would like to inform that the Transcript of the Earnings Conference Call held on Tuesday, August 11, 2026, for the Unaudited Financial Results of t...
2026-08-13Regulatory actionPursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2...
2026-08-11Concall / analyst meetPursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ...
2026-08-11Concall / analyst meetIn continuation to our letter dated August 03, 2026, we would like to inform that Audio Recording of the Earnings Conference Call held today i.e. on T...
2026-08-10Investor PresentationInvestor Presentation
2026-08-10Press ReleasePlease find enclosed herewith a copy of the Press Release on the Unaudited Financial Results of the Company for the quarter ended June 30, 2026.
2026-08-10Board meeting outcomeThe Unaudited Financial Results for the quarter ended June 30, 2026, along with the Limited Review Reports of the Statutory Auditors are enclosed.
2026-08-08General UpdatesDisclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating
2026-08-06Concall / analyst meetPursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ...
2026-08-03Order winKEC International wins New Orders of Rs. 1,063 crores
2026-08-03Concall / analyst meetPursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that th...
2026-07-29General UpdatesLetter sent to shareholders pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-07-29Shareholder meetingNotice of Twenty-First Annual General Meeting to be held on August 21, 2026
2026-07-24Record DateRecord Date for the purpose of Final Dividend for FY 2025-26 is August 07, 2026.
2026-07-24Shareholder meetingTwenty-First Annual General Meeting of the Company.
2026-07-15RetirementSuperannuation of Senior Management Personnel.
2026-07-14Order winKEC International wins New Orders of Rs. 1,180 crores
2026-07-03Giving guarantees/indemnity/Issuance of Corporate Guarantee on behalf of its subsidiary company
2026-07-03General UpdatesIntimation to shareholders holding shares in physical mode regarding furnishing of KYC and related details
2026-06-29Order winKEC International wins New Orders of Rs. 1,754 crores
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2020-11-09CESTATKEC INTERNATIONAL LTD ---VS.--- BHOPAL
2020-10-23CESTATKEC INTERNATIONAL LTD ---VS.--- BHOPAL
2020-10-15CESTATKEC INTERNATIONAL LTD ---VS.--- BHOPAL
2020-03-03NCLTKEC International Ltd. Vs OCL Iron & Steel Ltd.
2020-02-20CESTATKEC INTERNATIONAL LIMITED ---VS.--- COMMISSIONER, CGST & CENTRAL EXCISE -JAIPUR I
2019-12-24CESTATKEC INTERNATIONAL LTD ---VS.--- BHOPAL
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of KEC International Ltd?

KEC International Ltd (KEC) has a market capitalisation of Rs 10,072 Cr. at the 2026-10-01 close.

What is the P/E ratio of KEC International Ltd?

KEC International Ltd trades at a P/E of 16.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were KEC International Ltd's latest quarterly results?

In the Jun 2026 quarter, KEC International Ltd sales was Rs 5,024 Cr (+0.0% vs Jun 2025) and net profit was Rs 73 Cr.

What is the 52-week high and low of KEC International Ltd?

The 52-week high is Rs 893.00 and the 52-week low is Rs 375.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03