A Look At The Intrinsic Value Of KEC International Limited (NSE:KEC)
Nov 20
Indian (NIFTY) Construction Industry Analysis
UpdatedDec 08, 2023
DataAggregated Company Financials
Companies139
- 7D6.1%
- 3M12.8%
- 1Y56.2%
- YTD59.4%
In the last week, the Construction industry is up 7.3%, with Larsen & Toubro up 8.0%. During this same period, the KNR Constructions underperformed, falling 8.3%. This means that the industry has gained 60% over the past year. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the Indian Construction Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 Dec 2023 | ₹7.8t | ₹4.4t | ₹262.0b | 23.8x | 29.8x | 1.8x |
| Sun, 05 Nov 2023 | ₹6.9t | ₹4.4t | ₹252.9b | 21.8x | 27.1x | 1.6x |
| Tue, 03 Oct 2023 | ₹7.1t | ₹4.3t | ₹247.9b | 22x | 28.7x | 1.6x |
| Thu, 31 Aug 2023 | ₹6.6t | ₹4.3t | ₹245.2b | 21.7x | 26.7x | 1.5x |
| Sat, 29 Jul 2023 | ₹6.2t | ₹4.2t | ₹241.9b | 21.5x | 25.8x | 1.5x |
| Mon, 26 Jun 2023 | ₹5.7t | ₹4.1t | ₹233.3b | 19.6x | 24.3x | 1.4x |
| Wed, 24 May 2023 | ₹5.3t | ₹4.1t | ₹218.3b | 19.5x | 24.2x | 1.3x |
| Fri, 21 Apr 2023 | ₹5.2t | ₹4.0t | ₹202.9b | 19.2x | 25.8x | 1.3x |
| Sun, 19 Mar 2023 | ₹5.1t | ₹4.0t | ₹202.8b | 18.5x | 25.2x | 1.3x |
| Tue, 14 Feb 2023 | ₹5.2t | ₹4.0t | ₹203.0b | 18.8x | 25.5x | 1.3x |
| Thu, 12 Jan 2023 | ₹5.1t | ₹3.9t | ₹193.0b | 18.9x | 26.4x | 1.3x |
| Sat, 10 Dec 2022 | ₹5.0t | ₹3.8t | ₹186.1b | 19.9x | 26.9x | 1.3x |
| Mon, 07 Nov 2022 | ₹4.6t | ₹3.7t | ₹163.1b | 19.2x | 28.4x | 1.2x |
| Wed, 05 Oct 2022 | ₹4.4t | ₹3.7t | ₹159.7b | 19.1x | 27.6x | 1.2x |
| Fri, 02 Sep 2022 | ₹4.5t | ₹3.7t | ₹159.9b | 19.4x | 28.2x | 1.2x |
| Sun, 31 Jul 2022 | ₹4.3t | ₹3.5t | ₹150.3b | 20.5x | 28.4x | 1.2x |
| Tue, 28 Jun 2022 | ₹3.8t | ₹3.5t | ₹146.6b | 16.6x | 25.7x | 1.1x |
| Thu, 26 May 2022 | ₹3.9t | ₹3.5t | ₹148.9b | 16.1x | 26x | 1.1x |
| Sat, 23 Apr 2022 | ₹4.3t | ₹3.4t | ₹108.6b | 19.7x | 39.8x | 1.3x |
| Mon, 21 Mar 2022 | ₹4.3t | ₹3.4t | ₹106.5b | 18.1x | 40.8x | 1.3x |
| Wed, 16 Feb 2022 | ₹4.6t | ₹3.4t | ₹114.2b | 18.9x | 40.1x | 1.3x |
| Fri, 14 Jan 2022 | ₹4.8t | ₹3.4t | ₹119.4b | 18.7x | 40.5x | 1.4x |
| Sun, 12 Dec 2021 | ₹4.6t | ₹3.4t | ₹123.7b | 16.5x | 36.8x | 1.3x |
| Tue, 09 Nov 2021 | ₹4.7t | ₹3.3t | ₹123.1b | 19.5x | 38.3x | 1.4x |
| Thu, 07 Oct 2021 | ₹4.3t | ₹3.3t | ₹111.6b | 19.5x | 38.8x | 1.3x |
| Sat, 04 Sep 2021 | ₹4.2t | ₹3.3t | ₹116.2b | 17.7x | 35.9x | 1.3x |
| Mon, 02 Aug 2021 | ₹4.1t | ₹3.3t | ₹116.2b | 16.4x | 35.2x | 1.3x |
| Thu, 06 May 2021 | ₹3.3t | ₹3.0t | ₹86.1b | 17.1x | 37.9x | 1.1x |
| Sun, 07 Feb 2021 | ₹3.1t | ₹2.9t | ₹105.6b | 15.8x | 29.4x | 1.1x |
Price to Earnings Ratio
28.3x
Current Industry PE
- Investors are relatively neutral on the Indian Construction industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 31.4x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Construction industry have grown 35% per year over the last three years.
- Revenues for these companies have grown 16% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Industrials industry?
| IN Market | 4.22% | |
| Industrials | 6.75% | |
| Construction | 6.07% | |
| Construction and Engineering | 6.07% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 500510 Larsen & Toubro | ₹3.36k | 8.0% +₹342.4b | 55.1% | PE38.1x | |
| GRINFRA G R Infraprojects | ₹1.23k | 18.3% +₹18.3b | 0.6% | PE9.6x | |
| SWSOLAR Sterling and Wilson Renewable Energy | ₹407.40 | 22.0% +₹13.9b | 36.7% | PS4.4x | |
| KEC KEC International | ₹629.80 | 8.9% +₹13.2b | 31.3% | PE86.2x | |
| VOLTAS Voltas | ₹866.05 | 4.6% +₹12.6b | 2.1% | PE143.6x |
