KEC International
Market Cap
₹87.2b
Last Updated
2020/02/24 12:55 UTC
Data Sources
Company Financials +
Executive Summary
KEC International Limited, together with its subsidiaries, primarily engages in the engineering, procurement, and construction (EPC) business.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with proven track record and pays a dividend.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.0%
532714
-1.2%
IN Construction
-0.07%
IN Market
1 Year Return
36.3%
532714
-2.0%
IN Construction
9.5%
IN Market
Return vs Industry: 532714 exceeded the Indian Construction industry which returned -2% over the past year.
Return vs Market: 532714 exceeded the Indian Market which returned 9.5% over the past year.
Shareholder returns
| 532714 | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | -1.2% | -0.07% |
| 30 Day | 2.2% | -6.7% | -1.3% |
| 90 Day | 22.9% | -6.0% | 1.9% |
| 1 Year | 38.8%36.3% | -0.6%-2.0% | 11.5%9.5% |
| 3 Year | 115.0%108.5% | 11.8%7.7% | 23.6%16.7% |
| 5 Year | 316.6%298.0% | 9.9%3.7% | 35.5%22.9% |
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
1 year ago | Simply Wall St
KEC International Limited (BOM:532714): Can Growth Justify Its June Share Price?1 year ago | Simply Wall St
Best Growth Stock in April1 year ago | Simply Wall St
Best Growth Stock in AprilValuation
Is KEC International undervalued compared to its fair value and its price relative to the market?
15.54x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 532714 (₹342.7) is trading above our estimate of fair value (₹290.56)
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 (15.5x) compared to the Construction industry average (10.8x).
PE vs Market: 532714 is poor value based on its PE Ratio (15.5x) compared to the Indian market (13.3x).
Price to Earnings Growth Ratio
PEG Ratio: 532714 is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: 532714 is overvalued based on its PB Ratio (3.4x) compared to the IN Construction industry average (0.6x).
Next Steps
Future Growth
How is KEC International forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?
16.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 532714's forecast earnings growth (16.5% per year) is above the savings rate (6.5%).
Earnings vs Market: 532714's earnings (16.5% per year) are forecast to grow slower than the Indian market (20.5% per year).
High Growth Earnings: 532714's earnings are forecast to grow, but not significantly.
Revenue vs Market: 532714's revenue (12.1% per year) is forecast to grow faster than the Indian market (9% per year).
High Growth Revenue: 532714's revenue (12.1% 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 high in 3 years time (21.4%)
Next Steps
Past Performance
How has KEC International performed over the past 5 years?
27.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 532714 has high quality earnings.
Growing Profit Margin: 532714's current net profit margins (4.7%) are higher than last year (4.5%).
Past Earnings Growth Analysis
Earnings Trend: 532714's earnings have grown significantly by 27.2% per year over the past 5 years.
Accelerating Growth: 532714's earnings growth over the past year (15.5%) is below its 5-year average (27.2% per year).
Earnings vs Industry: 532714 earnings growth over the past year (15.5%) exceeded the Construction industry 4.8%.
Return on Equity
High ROE: Whilst 532714's Return on Equity (21.92%) is high, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is KEC International's financial position?
Financial Position Analysis
Short Term Liabilities: 532714's short term assets (₹103.8B) exceed its short term liabilities (₹91.3B).
Long Term Liabilities: 532714's short term assets (₹103.8B) exceed its long term liabilities (₹3.9B).
Debt to Equity History and Analysis
Debt Level: 532714's debt to equity ratio (106.8%) is considered high.
Reducing Debt: 532714's debt to equity ratio has reduced from 195.4% to 106.8% over the past 5 years.
Debt Coverage: 532714's debt is well covered by operating cash flow (40.7%).
Interest Coverage: 532714's interest payments on its debt are well covered by EBIT (3.1x coverage).
Balance Sheet
Inventory Level: 532714 has a low level of unsold assets or inventory.
Debt Coverage by Assets: 532714's debt is covered by short term assets (assets are 3.8x debt).
Next Steps
Dividend
What is KEC International's current dividend yield, its reliability and sustainability?
0.99%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: 532714's dividend (0.99%) is higher than the bottom 25% of dividend payers in the Indian market (0.59%).
High Dividend: 532714's dividend (0.99%) is low compared to the top 25% of dividend payers in the Indian market (2.59%).
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: With its low payout ratio (12.2%), 532714's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 532714's dividends in 3 years are forecast to be thoroughly covered by earnings (14.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Vimal Kejriwal (58yo)
4.8yrs
Tenure
₹61,700,000
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 ($USD858.94K) is above average for companies of similar size in the Indian market ($USD634.25K).
Compensation vs Earnings: Vimal's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 4.8yrs | ₹61.70m | 0.00034% ₹296.4k | |
| Chief Financial Officer | 5.4yrs | ₹31.70m | no data | |
| Company Secretary & Compliance Officer | 1.8yrs | ₹4.90m | no data | |
| Executive Director of Business Operations | 0yrs | no data | no data | |
| Head of Legal | 0yrs | no data | no data | |
| Chief Human Resources Officer | 0yrs | no data | no data | |
| President of International (Transmission & Distribution and Solar) & Cables | 0yrs | no data | no data | |
| Chief Executive Officer of SAE Towers | 4.5yrs | no data | no data | |
| President of South Asia - Transmission & Distribution and Solar | 4.2yrs | no data | no data | |
| Chief Executive of Civil | 1.8yrs | no data | no data |
4.3yrs
Average Tenure
57yo
Average Age
Experienced Management: 532714's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, MD & Director | 4.8yrs | ₹61.70m | 0.00034% ₹296.4k | |
| Non-Executive Independent Director | 7.3yrs | ₹1.60m | no data | |
| Lead Independent Director | 0yrs | ₹2.00m | no data | |
| Chairman | 14.1yrs | ₹63.10m | 1.95% ₹1.7b | |
| Additional Independent Director | 0.5yrs | no data | no data | |
| Independent Director | 14.2yrs | ₹2.10m | no data | |
| Additional Independent Director | 0.3yrs | no data | no data | |
| Independent Director | 14.1yrs | ₹1.50m | no data | |
| Independent Director | 14.1yrs | ₹1.60m | no data | |
| Independent Director | 5.3yrs | ₹1.40m | no data |
7.3yrs
Average Tenure
70yo
Average Age
Experienced Board: 532714's board of directors are considered experienced (7.3 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: ₹87.166b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 532714 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Mar 2006 |
| KEC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Mar 2006 |
Biography
KEC International Limited, together with its subsidiaries, primarily engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, tests, supplies, and erects transmission lines on turnkey basis; and undertakes EPC projects of high voltage electrical switching and distribution substations, distribution network, optical fiber networks, telecom towers, and HV/EHV cabling project works. The company also manufactures power cables, jelly filled telecom cables, and optical fiber cables; provides railways infrastructure EPC turnkey solutions, such as construction of bridges, buildings, platforms, workshop modernization, etc.; carries out track works, such as track laying and linking, preparation of ballast bed, and earthwork information; undertakes overhead electrification, traction substation, and general electrical works for railway electrification; and engages in interlocking works, and outdoor and indoor supply and installation works for signaling and telecommunication projects. In addition, it builds factories, warehouses, residential townships and buildings, commercial complexes, sewage and water treatment plants, and other civil infrastructure projects. Further, the company provides solar EPC services that include design and engineering, project execution, project management, bid management, and project feasibility analysis for solar photovoltaic power plants. It operates in 100 countries in Africa, the Americas, Central Asia, the Middle East, South Asia, and South East Asia. KEC International Limited was founded in 1945 and is based in Mumbai, India.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/24 12:55 |
| End of Day Share Price | 2020/02/24 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/03/31 |
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.