On 6 Nov 2026, Kec International was priced at ₹333.35, or 21.0× trailing earnings, against an industry P/E of 16.4×, and the shares are 59% below their 52-week high. Sales and net profit grew 11% and 51% a year over 3 years, with ROCE of 20% and ROE of 7.2%. Debt is 1.04× equity, and its dividend yield is 1.6%. It is a small-cap company with a market cap of ₹8,874 Cr, ranked 13th of 156 Engineering & Construction companies by market cap; the shares fell 59% over the past year.
- ₹327.15
- ₹335.75
- ₹322.05
- ₹329.70
- 15.6 L
Health check
- ReturnsBehind
−59.3% over a year, better than 0 of 7 peers.
- Price tagPricier
P/E 21.0 vs industry 16.4.
- GrowthSteady
Sales +11.1%, profit +50.9% a year over 3 years.
- ProfitabilityStrong
ROCE 20.2% vs peer median 19.9%.
- Balance sheetStretched
Debt 1.04× equity, interest covered 2.2×, Piotroski 3 of 9.
- Red flags5 to check
Return on equity is low at 7.2%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹8,874 Cr
- Small cap
- P/E
- 21.0
- Industry 16.4
- Price to book
- 1.45
- Peers 4.92
- Dividend yield
- 1.65%
- ROE
- 7.2%
- Peers 17.9%
- ROCE
- 20.2%
- Peers 19.9%
- Debt to equity
- 1.04
- Debt ₹6,305 Cr
- EPS (TTM)
- ₹15.88
- Face value ₹2
- OPM (TTM)
- 6.3%
- Net margin 1.8%
- Sales growth
- −10.2%
- Latest quarter vs a year ago
- Profit growth
- −81.5%
- Latest quarter vs a year ago
- Price to sales
- 0.39
- EV/EBITDA 10.8
Strengths and risks
Strengths
- Return on capital employed of 20.2%.
Risks to check
- Return on equity is low at 7.2%.
- Quarterly profit down 81.5% on a year ago.
- Quarterly sales down 10.2% on a year ago.
- 59% below its 52-week high.
- Interest coverage of only 3.0×.
About Kec International
KEC International Limited engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, supplies, and erects transmission lines on turnkey basis; executes gas insulated transmission lines; undertakes EPC projects of high voltage electrical switching and distribution substations, as well as transmission lines in oil field areas; and turnkey solutions for railway contracts. The company also provides civil engineering…
- Headquarters
- Mumbai
- Employees
- 7,878
- Sector
- Industrials
- ISIN
- INE389H01022
- Website
- kecrpg.com
Price range
- Avg volume (3M)
- 19.5 L
- 1-year return
- minus 59.3%
- From 52-week high
- minus 58.5%
Analyst consensus
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| KECKec International | 333.35 | plus 1.11% | 8,874 | 21.0 | 7.1 | 20.2% | 6.3% | 1.04 | 11.1% | minus 59.3% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 6,092 | 6,001 | 6,390 | 5,024 | 5,468 | |
| 5,661 | 5,571 | 5,942 | 4,733 | 5,196 | |
| 430 | 430 | 448 | 291 | 271 | |
| 7.1% | 7.2% | 7.0% | 5.8% | 5.0% | |
| 4.6 | 10.2 | 30.1 | 13.9 | 13.3 | |
| 171 | 171 | 170 | 164 | 191 | |
| 50.6 | 50.4 | 50.6 | 50.8 | 53 | |
| – | −58.8 | – | – | – | |
| 213 | 160 | 258 | 89.9 | 40.9 | |
| 24.5% | 20.3% | 25.2% | 19.2% | 27.3% | |
| 161 | 127 | 193 | 72.6 | 29.7 | |
| 6.04 | 4.79 | 7.24 | 2.73 | 1.12 |
Profit & loss
- Sales CAGR 3Y
- +11.1%
- Profit CAGR 3Y
- +50.9%
- EPS CAGR 3Y
- +49.2%
- ROE
- 7.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 16,997 | 19,595 | 21,537 | 23,301 | |
| – | +15.3% | +9.9% | +8.2% | |
| 16,049 | 18,219 | 19,808 | 21,354 | |
| 948 | 1,376 | 1,729 | 1,948 | |
| 5.6% | 7.0% | 8.0% | 8.4% | |
| −61.4 | −91.5 | −107 | −120 | |
| 534 | 650 | 653 | 654 | |
| 161 | 185 | 184 | 197 | |
| −30.1 | −22.8 | −57.8 | −188 | |
| 161 | 426 | 727 | 789 | |
| −9.3% | 18.7% | 21.5% | 23.3% | |
| 176 | 347 | 571 | 606 | |
| – | +97.0% | +64.6% | +6.1% | |
| 6.85 | 13.49 | 21.80 | 22.75 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 51.4 | 51.4 | 53.2 | 53.2 | |
| 3,720 | 4,044 | 5,294 | 6,106 | |
| 3,383 | 3,961 | 3,957 | 5,378 | |
| 10,124 | 10,975 | 12,875 | 13,621 | |
| 17,279 | 19,031 | 22,180 | 25,158 | |
| 1,293 | 1,357 | 1,404 | 1,583 | |
| 11.5 | 20.2 | 40.3 | 118 | |
| 29 | 13.9 | 12 | 10.9 | |
| 335 | 253 | 616 | 468 | |
| 15,610 | 17,388 | 20,108 | 22,978 | |
| 17,279 | 19,031 | 22,180 | 25,158 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 614 | 311 | 419 | −414 | |
| −142 | −223 | −67.9 | −242 | |
| −401 | −145 | −32.1 | 511 | |
| 70.7 | −56.6 | 319 | −145 | |
| −178 | −237 | −183 | −329 | |
| 435 | 73.8 | 237 | −743 | |
| −103 | −77.2 | −103 | −146 |
Shareholding pattern
- Promoters50.10%
- Public49.90%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 50.10% | 49.90% | 0.00 | |
| 30 Jun 2026 | 50.10% | 49.90% | 0.00 | |
| 31 Mar 2026 | 50.10% | 49.90% | 0.00 | |
| 31 Dec 2025 | 50.10% | 49.90% | 0.00 | |
| 30 Sep 2025 | 50.10% | 49.90% | – |
Major shareholders
Filings & events
News
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