Rs 37,440 Crore Order Book: Company Secures Rs 1,267 Crore in New Projects, Infrastructure Stock Surges more than 6 per cent!

With a PE ratio of 42x, the company trades at a premium compared to the industry PE of 33.9x. The company has ROCE of 16 per cent and ROE of 8.8 per cent.  

KEC International Ltd's shares were in demand among investors on today's trading session. The share price climbed 6.5 per cent in early trades to hit an intraday high of Rs 721.70.

KEC International Ltd., a prominent player in the global infrastructure EPC sector and part of the RPG Group, has announced the acquisition of new orders worth Rs 1,267 crores. These orders span across its diverse business segments, including Transmission & Distribution (T&D) and Cables. The T&D orders include significant projects such as the 800 kV HVDC and 765 kV transmission lines for the Power Grid Corporation of India Limited, as well as supply contracts for towers, hardware, and poles in the Americas. The Cables division has secured various orders for supplies both domestically and internationally. Mr. Vimal Kejriwal, MD & CEO of KEC International, expressed enthusiasm about these orders, particularly highlighting the growth potential in India's T&D sector driven by increasing energy demands and governmental support for renewable energy infrastructure. With these new orders, KEC International's year-to-date order intake has reached over Rs 23,300 crores, marking a 35 per cent increase compared to the previous year.

KEC International Ltd. is a leading global infrastructure Engineering, Procurement, and Construction (EPC) company with operations in multiple sectors including Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables. As the flagship company of the RPG Group, KEC International has a significant global presence, executing projects in over 30 countries and establishing a footprint in more than 110 countries. As of March 2025, the company's stock is priced at Rs 672.4, with a market capitalization of approximately Rs 17,899 crore. Over the past three years, the company has delivered a 67.68 per cent return, reflecting its robust growth trajectory. 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 42x, the company trades at a premium compared to the industry PE of 33.9x. 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.