Rs 37,440 Crore Order Book: This Mid-Cap Infrastructure Stock Secures Rs 1,236 Crore Orders, FY25 Order Intake Hits Rs 24,600 Crore
With a PE ratio of 47.1x, the company trades at a premium compared to the industry PE of 39.1x. The company has ROCE of 16 per cent and ROE of 8.8 per cent.
KEC International Ltd., a prominent global infrastructure EPC company and part of the RPG Group, has announced securing new orders worth Rs 1,236 crore across various business segments. The Transmission & Distribution (T&D) sector has received substantial orders for projects in India and the Middle East, including transmission line and substation orders in the UAE and Kuwait. Additionally, the Civil business has secured a residential project from a leading private developer in Western India, while the Transportation segment has gained an order in the Train Collision Avoidance System (TCAS) under the 'Kavach' initiative in India. The Cables business has also received orders for supplying various types of cables domestically and internationally.
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Mr. Vimal Kejriwal, MD & CEO of KEC International Ltd., expressed satisfaction with the new orders, particularly highlighting the expansion in the Middle East substation market and the growth in the Civil business's client base. The company's total order intake for FY25 has reached approximately Rs 24,600 crore, marking a robust 36 per cent growth compared to the previous year.
KEC International Ltd. is a leading global infrastructure EPC company and the flagship entity of the RPG Group. The company operates in various sectors, including Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Oil & Gas Pipelines, and Cables. As of December 2023, KEC International boasts an order book of Rs 30,161 crore, with a significant portion, 69 per cent, coming from domestic projects.
The Transmission & Distribution sector constitutes the largest share of the order book at 49 per cent, followed by Civil at 33 per cent. The company has a strong international presence, executing projects in over 110 countries. KEC International is expanding its manufacturing capabilities, with facilities in India, Mexico, Brazil, and Dubai, and is investing in new product lines such as aluminium conductors and EV charging cables. The company's strategic priorities include diversifying its offerings and enhancing its manufacturing capacity to support future growth.
As of April 1, 2025, the stock price of KEC International Ltd. is Rs 772.55. The 52-Week High is Rs 1,250.65, and the 52-Week Low is Rs 672.4. Market Capitalisation: Rs 20,831 crore; 1-Year Return: 12.77 per cent; 3-Year Return: 103.23 per cent. The company has been maintaining a healthy dividend payout of 34.8 per cent.
In the Quarterly Results of December 2024, the revenue stood at Rs 5,349.38 crore, reflecting a growth of 6.84 per cent YoY and 4.62 per cent QoQ. The net profit for the quarter was Rs 129.56 crore, showing an increase of 33.75 per cent YoY and 51.69 per cent QoQ. The net profit margin for the quarter was 2.42 per cent, compared to 1.67 per cent in September 2024 and 1.93 per cent in December 2023.
For the full financial year 2024, the revenue was Rs 19,914.17 crore, registering a growth of 15.23 per cent compared to FY23. The net profit stood at Rs 454.30 crore, marking a 147.82 per cent increase from the previous year. The net profit margin for FY24 was 1.46 per cent, up from 0.68 per cent in FY23.
As of December 2024, the shareholding pattern stands as follows: Promoters hold 50.10 per cent, Foreign Institutional Investors (FIIs) have 15.20 per cent, Domestic Institutional Investors (DIIs) hold 24.91 per cent, and the Public holds 9.79 per cent. Compared to the previous quarter (September 2024), there is a notable increase in FIIs' shareholding from 13.60 per cent to 15.20 per cent, while DIIs' holding has declined from 26.33 per cent to 24.91 per cent. The Promoters' and Public shareholding has remained stable.
With a PE ratio of 47.1x, the company trades at a premium compared to the industry PE of 39.1x. The company has ROCE of 16 per cent and ROE of 8.8 per cent.
Investors must keep this Mid-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.