KEC International Limited

NSEI:KEC Stock Report

Market Cap: ₹255.3b

KEC International Valuation

Is KEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of KEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KEC (₹992.85) is trading above our estimate of fair value (₹616.16)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KEC?

Other financial metrics that can be useful for relative valuation.

KEC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA23.4x
PEG Ratio1.8x

Price to Earnings Ratio vs Peers

How does KEC's PE Ratio compare to its peers?

The above table shows the PE ratio for KEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average50.4x
KPIL Kalpataru Projects International
46.6x29.0%₹227.1b
IRCON Ircon International
24x6.0%₹231.5b
TECHNOE Techno Electric & Engineering
56.4x27.8%₹167.3b
534309 NBCC (India)
74.6x22.6%₹321.7b
KEC KEC International
65.1x36.0%₹255.3b

Price-To-Earnings vs Peers: KEC is expensive based on its Price-To-Earnings Ratio (65.1x) compared to the peer average (50.4x).

Price to Earnings Ratio vs Industry

How does KEC's PE Ratio compare vs other companies in the IN Construction Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.3%
 n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.3%
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Price-To-Earnings vs Industry: KEC is expensive based on its Price-To-Earnings Ratio (65.1x) compared to the Indian Construction industry average (27.9x).

Price to Earnings Ratio vs Fair Ratio

What is KEC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio65.1x
Fair PE Ratio62.8x

Price-To-Earnings vs Fair Ratio: KEC is expensive based on its Price-To-Earnings Ratio (65.1x) compared to the estimated Fair Price-To-Earnings Ratio (62.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KEC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹992.85
₹911.17
-8.2%
12.7%₹1,063.00₹720.00n/a23
Aug ’25₹906.85
₹905.00
-0.2%
12.2%₹1,063.00₹720.00n/a23
Jul ’25₹883.95
₹793.95
-10.2%
11.6%₹960.00₹625.00n/a22
Jun ’25₹738.50
₹762.45
+3.2%
10.7%₹930.00₹625.00n/a20
May ’25₹748.80
₹692.85
-7.5%
9.4%₹850.00₹575.00n/a20
Apr ’25₹719.40
₹685.90
-4.7%
10.5%₹850.00₹539.00n/a20
Mar ’25₹714.70
₹678.10
-5.1%
9.7%₹770.00₹539.00n/a21
Feb ’25₹660.80
₹677.63
+2.5%
8.6%₹770.00₹575.00n/a19
Jan ’25₹605.55
₹663.95
+9.6%
9.2%₹822.00₹552.00n/a21
Dec ’24₹589.60
₹659.59
+11.9%
9.4%₹822.00₹552.00n/a22
Nov ’24₹621.45
₹671.81
+8.1%
10.3%₹830.00₹590.00n/a21
Oct ’24₹662.50
₹668.05
+0.8%
9.5%₹770.00₹590.00n/a22
Sep ’24₹669.95
₹655.77
-2.1%
10.4%₹766.00₹500.00₹947.3522
Aug ’24₹625.35
₹575.90
-7.9%
8.1%₹664.00₹486.00₹906.8521
Jul ’24₹551.15
₹572.20
+3.8%
7.9%₹664.00₹486.00₹883.9520
Jun ’24₹531.90
₹555.52
+4.4%
7.7%₹623.00₹486.00₹738.5021
May ’24₹458.95
₹516.80
+12.6%
6.6%₹600.00₹450.00₹748.8020
Apr ’24₹456.35
₹509.90
+11.7%
5.9%₹561.00₹450.00₹719.4020
Mar ’24₹462.95
₹503.41
+8.7%
7.9%₹561.00₹374.00₹714.7022
Feb ’24₹456.50
₹493.67
+8.1%
8.1%₹555.00₹374.00₹660.8021
Jan ’24₹494.45
₹492.20
-0.5%
8.3%₹555.00₹374.00₹605.5520
Dec ’23₹417.20
₹488.05
+17.0%
8.0%₹555.00₹374.00₹589.6020
Nov ’23₹442.75
₹473.89
+7.0%
14.3%₹566.00₹300.00₹621.4519
Oct ’23₹449.75
₹470.37
+4.6%
14.0%₹566.00₹300.00₹662.5019
Sep ’23₹410.15
₹476.47
+16.2%
12.1%₹566.00₹372.00₹669.9519

Analyst Forecast: Target price is lower than the current share price.

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