MarketFriction

KEI Industries Ltd

NSE KEI · BSE 517569 · Cables - Electricals
₹4,502.00 +1.05%
NSE close2026-10-01
52 week range3,728.70 - 5,899.00
Market cap₹42,647 Cr.
P/E42.8
Nifty 200Nifty 500Nifty Midcap 100Midcap 150 No price band Delivery 43.8%

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
Sales1,9452,0592,3302,0652,2842,4722,9152,5902,7262,9553,4763,185
Expenses1,7431,8452,0751,8462,0592,2262,6142,3322,4572,6353,0952,790
Operating Profit202215255219225246301258269320382396
OPM %10%10%11%11%10%10%10%10%10%11%11%12%
Other Income914413139374042344320
Interest81117141314141414171918
Depreciation161516161619192020232829
Profit before tax188202227203208221305263277315377369
Tax %26%26%26%26%26%26%26%26%27%25%25%26%
Net Profit140151168150155165227196204235284274
EPS in Rs15.5416.7018.6716.6517.1517.2523.7120.4921.2924.5729.7428.68
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,3512,6283,4664,2314,8884,1825,7276,9128,1049,73611,74812,343
Expenses2,1082,3603,1263,7904,3913,7215,1386,2067,2678,74510,51910,976
Operating Profit2432693394414974615897068389911,2291,367
OPM %10%10%10%10%10%11%10%10%10%10%10%11%
Other Income61097172015284972159139
Interest12712411213612957403544566467
Depreciation2528323457585557617091100
Profit before tax961262042783283665086427819371,2321,338
Tax %35%26%29%35%22%25%26%26%26%26%25%
Net Profit6394145181256273376477581696918997
EPS in Rs8.1012.0418.4722.9228.6430.3341.7352.9364.3572.8896.07104.28
Dividend Payout %6%5%5%5%5%7%6%6%5%5%5%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%23%19%20%
Compounded Profit Growth31%27%24%34%
Stock Price CAGR44%36%19%10%
Return on Equity18%17%16%15%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital151516161618181818181919
Reserves2883524465897621,4891,7602,1182,5713,1305,7676,646
Borrowings452498813842599367305355162166217253
Other Liabilities5885996227731,3871,3959301,0361,0191,3421,2322,038
Total Liabilities1,3451,4641,8962,2202,7643,2693,0143,5273,7704,6567,2358,956
Fixed Assets2983284054074895545375315677709931,686
CWIP4293233211717151213851,002
Investments333321121222
Other Assets1,0391,1031,4851,7872,2422,7032,4692,9783,1873,7645,8546,266
Total Assets1,3451,4641,8962,2202,7643,2693,0143,5273,7704,6567,2358,956
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity199186-29191623-13154229514610-32840
Cash from Investing Activity-17-98-63-76-2751175-58-137-353-1,501-349
Cash from Financing Activity-182-87229-69-38699-129-31-256-721,919-98
Net Cash Flow0113745-3897101139121186386392
Free Cash Flow18288-91126501-93131169416210-726-412
CFO/OP107%85%1%72%161%16%53%60%98%97%20%90%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days8588114108941021188973686757
Inventory Days10995114979510310396798487100
Days Payable11997110110139139996854633955
Cash Conversion Cycle75861199549661211179989115102
Working Capital Days243217281961948180718980
ROCE %28%23%23%29%28%21%24%26%27%21%20%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters37.08%37.08%37.08%37.08%37.06%35.01%35.01%35.01%35.00%35.00%35.00%35.00%
FIIs29.57%30.95%31.00%30.75%31.11%29.75%25.83%26.59%25.82%25.49%27.27%27.32%
DIIs17.64%16.05%16.30%16.56%16.01%20.72%23.51%25.63%26.71%27.27%25.83%25.90%
Public15.70%15.91%15.60%15.60%15.82%14.52%15.65%12.77%12.47%12.25%11.88%11.76%
No. of Shareholders1,25,7131,30,6921,29,0551,55,5141,65,9051,66,0671,97,8441,69,7801,59,9681,53,1381,58,5651,60,497

Fundamentals

Market Cap₹ 42,647 Cr.
Current Price₹ 4,461
Stock P/E42.8
Book Value₹ 697
ROCE20.0 %
ROE14.7 %
Dividend Yield0.10 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)34%
Consolidated figures.
Valuation
Market capRs 43,039 Cr
Enterprise valueRs 41,780 Cr
P/E (TTM)43.18x
Price to book6.46x
Price to sales3.49x
EV / EBITDA27.75x
EV / EBIT29.73x
EV / sales3.38x
Price to cash flow51.24x
Earnings yield2.32%
Dividend yield0.10%
P/E, 3-year average45.15x
P/B, 3-year average6.83x
P/E, 5-year average39.55x
P/B, 5-year average6.34x
Profitability
Operating margin (excl. other income)10.46%
Operating margin (incl. other income)11.81%
EBITDA margin12.20%
Pre-tax margin10.84%
Net profit margin8.08%
Net margin, latest quarter8.61%
ROE14.75%
ROCE20.07%
ROA11.35%
ROE, 3-year average16.86%
ROCE, 3-year average22.86%
ROA, 3-year average12.28%
ROE, 5-year average18.00%
ROCE, 5-year average23.67%
ROA, 5-year average12.28%
ROIC (approx.)19.38%
Tax rate25.47%
Other income / net worth2.38%
Growth
Sales growth (latest year)20.66%
Profit growth (latest year)31.88%
Sales CAGR, 3 years19.34%
Sales CAGR, 5 years22.95%
Profit CAGR, 3 years24.38%
Profit CAGR, 5 years27.43%
Sales growth QoQ-8.37%
Profit growth QoQ-3.58%
Sales growth YoY (latest quarter)22.97%
Profit growth YoY (latest quarter)40.05%
Per share
EPS (TTM)Rs 104.27
EPS (latest year)Rs 96.07
EPS (latest quarter)Rs 28.68
EPS, 3-year averageRs 77.78
EPS, 5-year averageRs 65.60
Book value per shareRs 697.17
Sales per shareRs 1,291.08
Cash flow per shareRs 87.86
Free cash flow per shareRs -43.10
Dividend per share (latest year)Rs 4.50
Dividend per share, 3-year averageRs 4.00
Dividend per share, 5-year averageRs 3.50
Dividends
Dividend payout4.68%
Dividend payout, 3-year average5.20%
Dividend payout, 5-year average5.45%
Efficiency
Asset turnover1.31x
Fixed asset turnover6.97x
Inventory turnover4.00x
Inventory days91 days
Debtor days57 days
Debtors turnover6.38x
Creditor days55 days
Cash conversion cycle102 days
Working capital days80 days
Leverage
Total debtRs 253 Cr
Cash and bankRs 1,513 Cr
Net debtRs -1,260 Cr
Debt to equity0.04x
Net debt / EBITDA-0.84x
Interest coverage20.89x
Current ratio (filing 2026-03-31)2.96x
Quick ratio (filing 2026-03-31)1.81x
Trade payables (filing 2026-03-31)Rs 1,335 Cr
Owners' fund to total sources74.42%
Debt to assets2.83%
Cash flow
Cash from Operating Activity (latest year)Rs 840 Cr
Cash from Investing Activity (latest year)Rs -349 Cr
Cash from Financing Activity (latest year)Rs -98 Cr
Net Cash Flow (latest year)Rs 392 Cr
Free cash flow (latest year)Rs -412 Cr
FCFE (approx.: FCF + change in debt)Rs -376 Cr
Cash from ops / profit, 5 years0.71x
Sales to cash flow13.99x
Statement figures
Net sales (TTM)Rs 12,343 Cr
Net sales (latest year)Rs 11,748 Cr
Sales (latest quarter)Rs 3,185 Cr
Operating profit excl. other income (latest year)Rs 1,229 Cr
Operating profit (latest quarter)Rs 396 Cr
Other income (TTM)Rs 139 Cr
EBITDA (TTM)Rs 1,505 Cr
PBDT (TTM)Rs 1,438 Cr
Profit before tax (TTM)Rs 1,338 Cr
Tax (latest year)Rs 314 Cr
Net profit (TTM)Rs 997 Cr
Net profit (latest year)Rs 918 Cr
Net profit (latest quarter)Rs 274 Cr
Depreciation (TTM)Rs 100 Cr
Depreciation (latest quarter)Rs 29 Cr
Interest (TTM)Rs 67 Cr
Cost of goods sold (latest year)Rs 9,593 Cr
Total expenditure (latest year)Rs 10,519 Cr
Total income (latest year)Rs 11,906 Cr
Share capitalRs 19 Cr
ReservesRs 6,646 Cr
Shareholders' fundsRs 6,665 Cr
Total assetsRs 8,956 Cr
Net blockRs 1,686 Cr
Capital work in progressRs 1,002 Cr
InvestmentsRs 2 Cr
ReceivablesRs 1,842 Cr
InventoryRs 2,401 Cr
Other liabilitiesRs 2,038 Cr
Shares outstanding (crore)9.56
Ownership
Promoter holding35.00% (-0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 43.2 is at the 58th percentile of its own 9.4-year range (median 39.3, low 12.7, high 82.1).
P/B 6.46 is at the 41th percentile (median 6.67).
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.
PeriodKEINifty 50Difference
1 week-2.9%-2.8% -0.1 pts
1 month-15.8%-6.8% -9.0 pts
3 months-14.6%-7.6% -7.0 pts
6 months+11.5%+0.4% +11.1 pts
1 year+8.3%-9.9% +18.2 pts
2 years+6.9%-13.6% +20.5 pts
3 years+69.7%+14.2% +55.5 pts
5 years+366.3%+27.9% +338.4 pts
208 mutual fund schemes hold about ₹12,810 Cr. Over three months 161 bought more and 37 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Midcap Fund5.16%2,210 +8%
Kotak Mid Cap Fund2.95%2,103 +23%
ICICI Pru Large & Mid Cap Fund2.19%737 +100%
DSP Midcap Fund1.99%418 +4%
Invesco India Contra Fund1.61%333 -4%
Franklin India Focused Equity Fund2.49%287 +23%
HSBC Small Cap Fund1.41%270 +16%
Edelweiss Mid Cap Fund1.34%267 +10%
Canara Rob Small Cap Fund1.80%264 +13%
ICICI Pru Mid Cap Fund2.99%251 +16%
ICICI Pru Multi Cap Fund1.27%249 +15%
ICICI Pru Multi Cap Fund1.27%239 +15%
ICICI Pru Mid Cap Fund2.99%237 +16%
Kotak Focused Fund3.85%175 +17%
HDFC Small Cap Fund0.41%172 +2%
Canara Rob Flexi Cap Fund1.24%169 +10%
Aditya Birla SL Large & Mid Cap Fund2.54%152 +19%
Edelweiss Small Cap Fund2.06%150 +12%
Nippon India Vision Large & Mid Cap Fund1.87%148 +17%
Aditya Birla SL Midcap Fund2.12%148 +18%
UTI Nifty200 Momentum 30 Index Fund1.72%145 +22%
Aditya Birla SL Midcap Fund2.12%143 +18%
Mahindra Manulife Mid Cap Fund2.56%139 +16%
Axis Midcap Fund0.39%135 -55%
Axis Flexi Cap Fund0.80%111 +18%

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2026-03-02Adarsh Kumar Jain-sell5,000Rs 2.60 CrMarket Sale
2026-02-25Kishore KunalKey Managerial Personnelsell500Rs 0.25 CrMarket Sale
2026-02-23Kishore KunalKey Managerial Personnelsell900Rs 0.43 CrMarket Sale
2026-02-04Manoj Kakkar-sell20,000Rs 8.81 CrMarket Sale
2025-12-22Pawan Kumar Jain-sell1,000Rs 0.44 CrMarket Sale
2025-12-19Kishore KunalKey Managerial Personnelsell1,000Rs 0.43 CrMarket Sale
2025-12-19Lalit Sharma-sell3,000Rs 1.23 CrMarket Sale
2025-12-16Rajeev GuptaDirectorsell25,000Rs 10.34 CrMarket Sale
2025-12-16Lalit Sharma-sell7,000Rs 2.89 CrMarket Sale
2025-12-15Kishore KunalKey Managerial Personnelsell1,000Rs 0.42 CrMarket Sale
2025-11-11Kali Charan Sharma-sell10,741Rs 4.33 CrMarket Sale
2025-11-11Daya Nand Sharma-sell900Rs 0.36 CrMarket Sale
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹3,185 Cr +23.0% vs Jun 2025. Net profit ₹274 Cr +39.8%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-01-28Interim Dividend - Rs 4.50 Per Share
2025-01-27Interim Dividend - Rs 4 Per Share
2024-09-04Annual General Meeting
2024-03-19Interim Dividend - Rs 3.50 Per Share
2023-08-25Annual General Meeting
2023-02-03Interim Dividend - Rs 3 Per Share
2022-08-29Annual General Meeting
2022-02-07Interim Dividend - Rs 2.50 Per Share
2021-08-31 Annual General Meeting
2021-03-09 Interim Dividend - Rs 2 Per Share
2020-09-01 Annual General Meeting
2020-03-19 Interim Dividend - Rs 1.50 Per Share
2019-09-06 Annual General Meeting/Dividend - Rs 1.20 Per Share
2018-09-11 Annual General Meeting/Dividend- Re 1 Per Share
2017-07-11 Dividend - Re 0.60 Per Share
2016-08-29 Annual Genaral Meeting/ Dividend - Re 0.50/- Per Share (Book Closure Start Date Revised)
2015-09-08 Annual General Meeting/ Dividend - Re 0.40/- Per Share
2014-09-11Annual General Meeting / Dividend - Re 0.20/- Per Share
2013-06-13Annual General Meeting And Dividend Re.0.20/- Per Equity Share
2012-09-06Annual General Meeting And Dividend Re.0.20 Per Share
2011-09-08Annual General Meeting And Dividend Re.0.20 Per Share
2010-08-17Annual General Meeting And Dividend Re.0.20 Per Share
2009-07-09Agm/Div-Re.0.20 Per Share
2008-08-14Agm/Dividend - 25%
2007-09-06Agm/Dividend-25%
2006-12-21Fv Split Rs.10/- To Rs.2/0.2000
2006-06-08Agm/Div-Rs.2/- Per Share
DateTypeWhat it says
2026-10-01General UpdatesGeneral Updates
2026-09-29Shareholder meetingVoting results along with copy of minutes.
2026-09-28Shareholder meetingProceedings of Annual General Meeting held on September 28, 2026
2026-09-15Concall / analyst meetSchedule of meet
2026-09-07Concall / analyst meetSchedule of meet
2026-09-05Shareholder meetingSubmission of AGM Notice for the Financial Year 2025-26.
2026-09-01Reply to Clarification- FinaThe Exchange had sought clarification from KEI Industries Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-08-31UpdatesDisclosure pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015.
2026-08-28Clarification - Financial ReThe Exchange has sought clarification from KEI Industries Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing...
2026-08-24Concall / analyst meetSchedule of meet
2026-08-14General UpdatesIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2026-08-10Concall / analyst meetTranscript of Analysts/Investors Call pertaining to the Un-audited Financial Results for the quarter ended on June 30, 2026.
2026-08-07Investor PresentationInvestor Presentation
2026-08-04Concall / analyst meetLink of Recording
2026-08-03Monitoring Agency ReportMonitoring Agency Report for the quarter ended June 30, 2026
2026-08-03Concall / analyst meetSchedule of meet
2026-08-03Capacity additionIntimation under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015- Capacity Addition.
2026-08-03Investor PresentationInvestor Presentation
2026-08-03General UpdatesFixation of the date of Annual General Meeting as Monday, September 28, 2026 at 03:00 p.m. through Video Conferencing / Other Audio Visual Means (VC/O...
2026-08-03Change in ManagementRe-appointment of Mr. Akshit Diviaj Gupta (DIN: 07814690) as Whole-Time Director of the Company for a further period of Five (5) years from May 10, 20...
2026-08-03Board meeting outcomeKEI Industries Limited has submitted to the Exchange about Outcome of Board Meeting / Announcements pursuant to Regulation 30 and 33 of SEBI (Listing ...
2026-07-28Concall / analyst meetIntimation of Schedule of Analyst / Institutional Investor Call / Meet under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) R...
2026-06-27Credit RatingCredit Rating
2026-06-24Press ReleaseA press release dated Jun 24, 2026, titled "KEI Industries Limited welcomes Rashmika Mandanna as its Brand Ambassador".
2026-06-24General UpdatesIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Appointment of Ms. Rashmika Mandanna as Br...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.84
Max pain (expiry 2026-10-27)4,600
Largest call open interest at4,700
Largest put open interest at4,500
Implied volatility, at the money30.6%
Underlying at snapshot4,502.00
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-2890
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-07-15NCLTM/s. Kei Industries Ltd. Vs M/s. Shipra Infraproject Pvt. Ltd.
2020-03-18NCLTM/s. Kei Industries Ltd. Vs M/s. Shipra Infraproject Pvt. Ltd.
2020-03-04NCLTM/s. Kei Industries Ltd. Vs M/s. Shipra Infraproject Pvt. Ltd.
2020-01-22CESTATKEI INDUSTRIES ---VS.--- ALWAR
2019-12-16CESTATKEI INDUSTRIES ---VS.--- COMMISSIONER, CGST-ALWAR
2019-11-26CESTATKEI INDUSTRIES ---VS.--- ALWAR
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 KEI Industries Ltd?

KEI Industries Ltd (KEI) has a market capitalisation of Rs 42,647 Cr. at the 2026-10-01 close.

What is the P/E ratio of KEI Industries Ltd?

KEI Industries Ltd trades at a P/E of 42.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were KEI Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, KEI Industries Ltd sales was Rs 3,185 Cr (+23.0% vs Jun 2025) and net profit was Rs 274 Cr.

What is the 52-week high and low of KEI Industries Ltd?

The 52-week high is Rs 5,899.00 and the 52-week low is Rs 3,728.70.

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