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KEI Industries (KEI) had a P/E of 36.1× on 6 Nov 2026, above the industry P/E of 30.0×, and the shares are 32% below their 52-week high. Sales and net profit grew 19% and 24% a year over 3 years; its ROCE of 19% is the second-lowest among the 7 largest Electrical Equipment & Parts peers. It carries very little debt, and its dividend yield is 0.1%. It is a mid-cap company with a market cap of ₹38,143 Cr, ranked 6th of 97 Electrical Equipment & Parts companies by market cap; the shares rose 1.8% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹4,008.20
Day high
₹4,014.30
Day low
₹3,850.10
Prev. close
₹4,061.10
Volume
5.7 L

Health check

1 good · 2 fair · 3 to check
  • ReturnsBehind

    +1.8% over a year, better than 2 of 7 peers.

  • Price tagPricier

    P/E 36.1 vs industry 30.0.

  • GrowthSteady

    Sales +19.1%, profit +24.4% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.7% vs peer median 24.8%.

  • Balance sheetSolid

    Practically debt-free, Piotroski 6 of 9.

  • Red flags1 to check

    32% below its 52-week high.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electrical Equipment & Parts

96 listed peers. Screen the industry

Mid cap

₹38,143 Cr, #6 of 97 in its industry by size.

Defensive

Beta 0.62 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹12,343 Cr · profit ₹997 Cr
Market cap
₹38,143 Cr
Mid cap
P/E
36.1
Industry 30.0
Price to book
5.72
Peers 9.06
Dividend yield
0.11%
ROE
14.8%
Peers 20.6%
ROCE
18.7%
Peers 24.8%
Debt to equity
0.04
Debt ₹253 Cr
EPS (TTM)
₹110.37
Face value ₹2
OPM (TTM)
11.0%
Net margin 8.1%
Sales growth
+23.0%
Latest quarter vs a year ago
Profit growth
+40.0%
Latest quarter vs a year ago
Price to sales
3.09
EV/EBITDA 28.7

Strengths and risks

Strengths

  • Practically debt-free.
  • Quarterly profit up 40.0% on a year ago.
  • Quarterly sales up 23.0% on a year ago.

Risks to check

  • 32% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About KEI Industries

KEI Industries Limited manufactures, markets, and sells wires and cables in India and internationally. It operates in three segments: Cable & Wires; Engineering, Procurement and Construction; Stainless Steel Wire; and Other. The company offers extra high voltage cables, high voltage cables, low voltage cables, ESP cables, control cables, house wires, single core and multicore flexible cables, communication cables, instrumentation cables, thermocouple…

Headquarters
New Delhi
Employees
2,197
Sector
Industrials
ISIN
INE878B01027
Website
kei-ind.com

Price range

52 weeks

₹3,666.10₹5,899.00

Today

₹3,850.10₹4,014.30
Avg volume (3M)
5.2 L
1-year return
plus 1.8%
From 52-week high
minus 32.4%

Analyst consensus

23 analysts
BuyMean target ₹5,097.61 plus 27.8%

Target range, with today’s price

Low ₹4,000.00High ₹6,600.00

Today’s price ₹3,988.00 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electrical Equipment & Parts

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
POWERINDIAHitachi Energy India27,800.00minus 1.42%1,23,911107.795.324.9%16.1%0.0222.2%plus 37.9%
CGPOWERCG Power and Industrial Solutions773.00minus 4.43%1,21,78588.672.519.3%13.1%0.0221.2%plus 8.2%
POLYCABPolycab India7,871.00plus 0.28%1,18,61337.529.030.4%13.6%0.0226.6%plus 3.8%
HAVELLSHavells India1,128.00plus 5.61%70,78942.630.022.1%9.1%0.029.9%minus 28.1%
APARINDSApar Industries14,106.00minus 9.65%59,06541.630.726.7%9.5%0.1217.0%plus 87.2%
KEIKEI Industries3,988.00minus 1.80%38,14336.129.918.7%11.0%0.0419.1%plus 1.8%
HONAUTHoneywell Automation India30,080.00minus 0.79%26,61347.035.715.7%13.8%0.0210.9%minus 17.5%
SCHNEIDERSchneider Electric Infrastructure1,063.40minus 6.37%25,426157.868.024.8%11.5%0.7117.6%plus 27.6%
Median of 7 peers–−1.42%70,78947.035.724.8%13.1%0.0217.6%8.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
2,5902,9553,4763,1853,776
2,3322,6353,0952,7903,400
258320382396377
10.0%10.8%11.0%12.4%10.0%
39.633.842.819.624.5
14.516.618.817.717.2
19.922.628.528.630.6
263315377369353
25.6%25.4%24.6%25.7%25.7%
196235284274262
20.4724.5529.7228.6627.44

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.1%
Profit CAGR 3Y
+24.4%
EPS CAGR 3Y
+22.0%
ROE
14.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,8538,0389,60811,574
–+17.3%+19.5%+20.5%
6,1397,1818,60910,326
7148579991,247
10.4%10.7%10.4%10.8%
14.415.654.2135
2430.944.452
57.161.470.191.2
−5.80.7−2−7.1
6427819371,232
25.6%25.6%25.7%25.5%
477581696918
–+21.7%+19.9%+31.9%
52.8664.2575.5596.02

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
181819.119.1
2,5713,1305,7676,646
162166217253
1,0191,3421,2322,038
3,7704,6567,2358,956
5959441,5832,781
29.11755911,096
1.31.81.71.7
5366951,3911,115
2,6092,8403,6683,962
3,7704,6567,2358,956

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
514611−32.2840
−137−353−1,501−350
−256−71.81,919−98.2
121186386392
−97.9−400−698−1,254
416210−730−414
−27.1−28.1−41.8−43

Shareholding pattern

Source: NSE filings
35.0%
promoters
  • Promoters35.00%
  • Public65.00%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202635.00%65.00%0.00
30 Jun 202635.00%65.00%0.00
31 Mar 202635.00%65.00%0.00
31 Dec 202535.00%65.00%0.00
30 Sep 202535.00%65.00%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you