BSE:532714

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Executive Summary

KEC International Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business. More Details


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.


Similar Companies

Share Price & News

How has KEC International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532714 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532714's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

6.9%

532714

2.3%

IN Construction

3.2%

IN Market


1 Year Return

42.5%

532714

33.8%

IN Construction

40.6%

IN Market

Return vs Industry: 532714 exceeded the Indian Construction industry which returned 33.8% over the past year.

Return vs Market: 532714 exceeded the Indian Market which returned 40.6% over the past year.


Shareholder returns

532714IndustryMarket
7 Day6.9%2.3%3.2%
30 Day12.8%2.0%4.2%
90 Day25.4%25.7%14.8%
1 Year42.5%42.5%37.9%33.8%43.1%40.6%
3 Year17.3%14.3%1.1%-3.9%29.1%22.5%
5 Year308.2%292.5%73.2%60.9%93.4%78.3%

Long-Term Price Volatility Vs. Market

How volatile is KEC International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is KEC International undervalued compared to its fair value and its price relative to the market?

21.47x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532714 (₹460.15) is trading above our estimate of fair value (₹202.67)

Significantly Below Fair Value: 532714 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532714 is poor value based on its PE Ratio (21.5x) compared to the IN Construction industry average (17.2x).

PE vs Market: 532714 is poor value based on its PE Ratio (21.5x) compared to the Indian market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: 532714 is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: 532714 is overvalued based on its PB Ratio (3.9x) compared to the IN Construction industry average (0.8x).


Next Steps

Future Growth

How is KEC International forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532714's forecast earnings growth (15% per year) is above the savings rate (7%).

Earnings vs Market: 532714's earnings (15% per year) are forecast to grow slower than the Indian market (25.3% per year).

High Growth Earnings: 532714's earnings are forecast to grow, but not significantly.

Revenue vs Market: 532714's revenue (7.9% per year) is forecast to grow slower than the Indian market (14.5% per year).

High Growth Revenue: 532714's revenue (7.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532714's Return on Equity is forecast to be low in 3 years time (16.8%).


Next Steps

Past Performance

How has KEC International performed over the past 5 years?

20.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532714 has high quality earnings.

Growing Profit Margin: 532714's current net profit margins (4.4%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: 532714's earnings have grown significantly by 20.7% per year over the past 5 years.

Accelerating Growth: 532714's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532714 had negative earnings growth (-2.7%) over the past year, making it difficult to compare to the Construction industry average (-28.1%).


Return on Equity

High ROE: 532714's Return on Equity (18.2%) is considered low.


Next Steps

Financial Health

How is KEC International's financial position?


Financial Position Analysis

Short Term Liabilities: 532714's short term assets (₹110.5B) exceed its short term liabilities (₹97.7B).

Long Term Liabilities: 532714's short term assets (₹110.5B) exceed its long term liabilities (₹2.7B).


Debt to Equity History and Analysis

Debt Level: 532714's debt to equity ratio (88.3%) is considered high.

Reducing Debt: 532714's debt to equity ratio has reduced from 157.7% to 88.3% over the past 5 years.

Debt Coverage: 532714's debt is well covered by operating cash flow (23.3%).

Interest Coverage: 532714's interest payments on its debt are well covered by EBIT (3.5x coverage).


Balance Sheet


Next Steps

Dividend

What is KEC International current dividend yield, its reliability and sustainability?

0.74%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532714's dividend (0.74%) is higher than the bottom 25% of dividend payers in the Indian market (0.42%).

High Dividend: 532714's dividend (0.74%) is low compared to the top 25% of dividend payers in the Indian market (1.77%).


Stability and Growth of Payments

Stable Dividend: 532714's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532714's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as 532714 has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: 532714's dividends in 3 years are forecast to be well covered by earnings (16.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.3yrs

Average management tenure


CEO

Vimal Kejriwal (59 yo)

5.92yrs

Tenure

₹68,100,000

Compensation

Mr. Vimal Kejriwal, B.Com., F.C.A., F.C.S., D.T.M., serves as Director at Raychem RPG (P) Ltd. Mr. Kejriwal serves as a Member of Management Board, Chief Executive of Infrastructure Sector and President of...


CEO Compensation Analysis

Compensation vs Market: Vimal's total compensation ($USD929.40K) is above average for companies of similar size in the Indian market ($USD461.88K).

Compensation vs Earnings: Vimal's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Vimal Kejriwal
CEO, MD & Director5.92yrs₹68.10m0.00034%
₹ 402.2k
Rajeev Agarwal
Chief Financial Officer6.5yrs₹33.80mno data
Amit Gupta
Company Secretary & Compliance Officer2.83yrs₹6.30mno data
Anand Kulkarni
Executive Director of Business Operationsno datano datano data
Sayali Phatak
Head of Legalno datano datano data
Somraj Roy
Chief Human Resources Officerno datano datano data
Gustavo Cedeno
Chief Executive Officer of SAE Towers5.58yrsno datano data
Neeraj Nanda
President of South Asia - Transmission & Distribution5.25yrsno datano data
Nagesh Veeturi
Chief Executive of Civil2.92yrsno datano data
Kaushal Kodesia
Chief Executive of Railways3.17yrsno datano data
Sanjeev Agarwal
Executive Director of International - T&D and Solarno datano datano data

5.3yrs

Average Tenure

Experienced Management: 532714's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vimal Kejriwal
CEO, MD & Director5.92yrs₹68.10m0.00034%
₹ 402.2k
Sudhir Trehan
Non-Executive Independent Director8.42yrs₹1.80mno data
Ajit Vaswani
Lead Independent Directorno data₹1.80mno data
Harsh Goenka
Chairman of the Board15.17yrs₹62.90m1.95%
₹ 2.3b
Vikram Gandhi
Additional Independent Director1.58yrs₹1.00mno data
Ramesh Chandak
Independent Director15.25yrs₹1.90m0%
₹ 0
M. Unnikrishnan
Additional Independent Director1.33yrs₹700.00kno data
Gulu Mirchandani
Independent Director15.17yrs₹1.40mno data
Dilip Piramal
Independent Director15.17yrs₹1.40mno data
Nirupama Rao
Independent Director6.42yrs₹1.30mno data

8.4yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 532714's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

KEC International Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: KEC International Limited
  • Ticker: 532714
  • Exchange: BSE
  • Founded: 1945
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: ₹118.299b
  • Shares outstanding: 257.09m
  • Website: https://www.kecrpg.com

Number of Employees


Location

  • KEC International Limited
  • RPG House
  • 463, Dr. Annie Besant Road
  • Mumbai
  • Maharashtra
  • 400030
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532714BSE (Mumbai Stock Exchange)YesEquity SharesININRMar 2006
KECNSEI (National Stock Exchange of India)YesEquity SharesININRMar 2006

Biography

KEC International Limited, together with its subsidiaries, engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, tests, supplies, and erects transmission lines...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/07 12:20
End of Day Share Price2021/03/05 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.