āagman

Not investment advice. Data and computed figures, for information only.

KEC International Ltd

NSE: KEC
₹356.10
−₹4.15 (−1.15%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹9,845 Cr
CMP
₹356.10
52-wk High / Low
₹868 / 348
P/E
16.4
P/B
1.6
Book Value
₹231.0
Div Yield
1.49%
ROCE
17.0%
ROE
11.4%
Face Value
₹2
D/E
0.87

Price−58.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
3
/ 9
3 of 9 F-score tests passed
Graham Number
₹344
√(22.5 × EPS × book value per share)
ROIC
11.1%
vs 11.1% sector median
Cash flow to profit
−0.68
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−118
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
8.6%
ROE × earnings retention ratio
ROE stability
2.1
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.08DII −3.52
Latest quarter vs the previous one
Cash-accrual divergence
4.3%
of assets
Low = accruals track cash flow
Strengths
+PE of 16.4x is below the sector median of 21x
Watch-outs
−Borrowings are up 67.0% since FY2016 (3221 to 5378)
−Price trades below its 200-day moving average (0.7x)
−Price is 59.0% below its 52-week high
−Promoter holding fell by 1.8pp over the last year
−Piotroski F-Score of 3/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,2444,4995,0076,1654,5125,1135,3496,8725,0236,0926,0016,3905,024
Expenses3,9994,2254,6995,7774,2424,7934,9756,3334,6735,6615,5715,9424,733
Operating Profit244274308388270320374539350430430448291
OPM %5.7%6.1%6.2%6.3%6.0%6.3%7.0%7.8%7.0%7.1%7.2%7.0%5.8%
Other Income31626843712055−493014
Interest159178164154155168170170151171171170164
Depreciation42474948474545474651505151
Profit before tax476612119311211316034215921316025890
Net Profit425697152888513026812516112719373
EPS (₹)1.652.173.775.903.413.214.8710.084.686.044.797.242.73

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,4688,5188,58410,05311,00111,96513,11413,74217,28219,91421,84723,50623,506
Expenses7,8897,7337,6738,9579,76410,63511,87412,74216,36218,55620,16421,63621,907
Operating Profit5797859111,0951,2371,3301,2401,0019201,3591,6831,8691,599
OPM %6.8%9.2%10.6%10.9%11.2%11.1%9.5%7.3%5.3%6.8%7.7%8.0%6.8%
Other Income14661422311129−31595068−110
Interest376368332318398403360413656797839872677
Depreciation88132130110117147153158161185184197202
Profit before tax261291463689753790756399161426727789721
Net Profit161148305460496566553332176347571606554
EPS (₹)6.265.7511.8617.9119.2822.0021.5012.926.8513.4921.4422.7520.80

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital515151515151515151515353—
Reserves1,2781,2391,5351,9462,3842,7463,3083,5693,7204,0445,2946,106—
Borrowings2,2143,2212,1061,7661,8392,5192,0663,0653,3833,9613,9575,378—
Other Liabilities4,1834,3625,0236,7497,3897,5388,5669,61310,11710,97512,85913,596—
Total Liabilities7,7278,8748,71510,51211,66312,85513,99216,29817,27119,03122,16425,133—
Fixed Assets1,2591,1981,1491,1121,1821,3521,3981,5381,5831,6281,6471,773—
CWIP168578784182111439114—
Investments0251303913221130000—
Other Assets6,4527,6437,4319,28310,46011,39612,57514,74515,67717,38920,47923,246—
Total Assets7,7278,8748,71510,51211,66312,85513,99216,29817,27119,03122,16425,133—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−9153−751,66266019987840−284614311419−414
Cash from Investing Activity−136125−7−182−4−67−113−134−204−139−243−46−231
Cash from Financing Activity132−216−28−1,379−638−1503−659496−401−145−32511
Net Cash Flow−1462−11010117−18−2347874−76341−134

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.015.016.020.027.029.025.021.014.012.016.018.017.0
ROE %————————————11.4
EPS (₹)2.606.265.7511.8617.9119.2822.0021.5012.926.8513.4921.4422.75
Book Value (₹)————————————231.0
Face Value (₹)————————————2
P/E————————————16.4
Div Yield %————————————1.49
NPM %0.81.91.73.54.64.54.74.22.41.01.72.62.6
OPM %7.07.09.011.011.011.011.09.07.05.07.08.08.0
D/E1.791.672.501.330.880.760.900.620.850.900.970.740.87
P/B————————————1.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+12.0%
3 years+11.0%
TTM+5.0%
Compounded profit growth
10 years+16.0%
5 years+4.0%
3 years+55.0%
TTM−1.0%
Stock price CAGR
10 years+11.0%
5 years−4.0%
3 years−17.0%
Last year−57.0%
Return on equity
10 years14.0%
5 years10.0%
3 years11.0%
Last year11.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.86%50.86%50.99%51.35%51.66%51.82%51.82%51.88%51.88%50.10%50.10%50.10%
FIIs6.06%6.06%10.66%6.61%8.70%10.75%12.19%12.60%12.45%15.42%9.84%9.92%
DIIs26.39%26.39%20.20%24.52%27.46%25.57%26.39%25.79%25.84%24.18%26.86%23.34%
Government————————————
Public16.69%16.69%18.16%17.52%12.18%11.87%9.60%9.73%9.83%10.29%13.18%16.64%
No. of shareholders71,09671,09679,83093,80889,9061,01,2981,12,25998,1451,10,6181,59,5401,97,5132,26,492
Change since Jun 2023 (pp)
Promoters −0.76FIIs +3.86DIIs −3.05Public −0.05

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderAnnouncement under Regulation 30 (LODR)-Newspaper PublicationAnnouncement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingMay 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

As of 7 Aug 2026
7 Aug 2026DIVIDENDDividend - Rs 5.50 Per Share—
25 Jul 2025DIVIDENDDividend - Rs 5.50 Per Share—
9 Aug 2024DIVIDENDDividend - Rs 4 Per Share—
25 Jul 2023DIVIDENDDividend - Rs 3 Per Share—
15 Jun 2022DIVIDENDDividend - Rs 4 Per Share—
19 Jul 2021DIVIDEND Dividend - Rs 4 Per Share—
13 Feb 2020DIVIDEND Interim Dividend - Rs 3.4 Per Share—
15 Jul 2019DIVIDEND Annual General Meeting/Dividend - Rs 2.70 Per Share—
20 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 2.40 Per Share—
18 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 1.60 Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Re 1/- Per Share—
20 Jul 2015DIVIDENDAnnual General Meeting/Dividend - Re 0.90/- Per Share—
16 Jul 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.60/- Per Share—
7 Aug 2013DIVIDENDAnnual General Meeting And Dividend Re.0.50 Per Share—
27 Jun 2012DIVIDENDAnnual General Meeting/Dividend Rs 1.20 Per Share—
23 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.1.20 Per Share—
30 Dec 2010SPLITFace Value Split From Rs.10/- To Rs.2/-10 : 2
10 Jun 2010DIVIDENDAnnual General Meeting And Dividend Rs.6/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman