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Multibagger cable stock under Rs 80 - Could it be the next KEI Industries? Board likely to raise funds; Order books at Rs 495.16 crore & Debt-free in FY25

They are on track to become debt-free in FY25 after fully repaying the Rs 86.25 crore debt.

Kiran Shroff 2 21571 Article rating: 3.9

Including esteemed organisations such as Larsen & Toubro, Steel Authority of India (SAIL), BSES, Bharat Heavy Electrical Ltd, Power Grid Corporation, BSNL, Tata Steel, Alcatel Lucent Enterprises, ISRO, Indian Railways, Indian Oil, NTPC, among others.

Multibagger in just 1 year: This wires manufacturing stock soar over 6 per cent to make a 52-week high!

The Sensex Index touched an all-time high at a level of 63,601.71.

Kiran Shroff 0 2658 Article rating: 4.3

According to the financials, KEI Industries has a market cap of over Rs 21,000 crore. The net sales increased by 9.10 per cent to Rs 1,955 crore and net profit increased by 19 per cent to Rs 138 crore in Q4FY23 over Q4FY22. The net sales increased by 20.70 per cent to Rs 6,921 crore and net profit increased by 26.86 per cent to Rs 477 crore in FY23 over FY22.

High ROE & high ROCE multibagger stock: Mid-cap company secures Industrial Land for greenfield expansion from GIDC!

The company's shares experienced a significant increase in volume, more than 3.08 times, on the BSE.

Kiran Shroff 0 6291 Article rating: 3.8

The stock has a return on equity (ROE) of 25 per cent and a return on capital employed (ROCE) of 26 per cent.

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