āagman

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

KEI Industries Ltd

NSE: KEIF&O
₹4,482.30
−₹88.90 (−1.94%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹43,833 Cr
CMP
₹4,482.30
52-wk High / Low
₹5,899 / 3,729
P/E
44.0
P/B
6.6
Book Value
₹697.0
Div Yield
0.10%
ROCE
20.0%
ROE
14.7%
Face Value
₹2
D/E
0.04

Price+4.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 14 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹1,227
√(22.5 × EPS × book value per share)
ROIC
12.3%
vs 12.3% sector median
Cash flow to profit
0.92
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+247
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.1%
ROE × earnings retention ratio
ROE stability
2.7
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.05DII +0.07
Latest quarter vs the previous one
Cash-accrual divergence
1.0%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 20% vs the 2026 sector median of 19%)
+Borrowings are down 49.2% since FY2016 (498 to 253)
Watch-outs
−Price trades below its 200-day moving average (0.9x)
−Promoter holding fell by 2.2pp over the last year

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
Sales1,7831,9452,0592,3302,0652,2842,4722,9152,5902,7262,9553,4763,185
Expenses1,6041,7431,8452,0751,8462,0592,2262,6142,3322,4572,6353,0952,790
Operating Profit178202215255219225246301258269320382396
OPM %10.0%10.4%10.4%10.9%10.6%9.9%10.0%10.3%10.0%9.9%10.8%11.0%12.4%
Other Income8914413139374042344320
Interest981117141314141414171918
Depreciation15161516161619192020232829
Profit before tax163188202227203208221305263277315377369
Net Profit121140151168150155165227196204235284274
EPS (₹)13.4615.5416.7018.6716.6517.1517.2523.7120.4921.2924.5729.7428.68

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
Sales2,0332,3512,6283,4664,2314,8884,1825,7276,9128,1049,73611,74812,343
Expenses1,8392,1082,3603,1263,7904,3913,7215,1386,2067,2678,74510,51910,976
Operating Profit1942432693394414974615897068389911,2291,367
OPM %9.5%10.3%10.2%9.8%10.4%10.2%11.0%10.3%10.2%10.3%10.2%10.5%11.1%
Other Income561097172015284972159139
Interest12112712411213612957403544566467
Depreciation252528323457585557617091100
Profit before tax53961262042783283665086427819371,2321,338
Net Profit346394145181256273376477581696918997
EPS (₹)4.438.1012.0418.4722.9228.6430.3341.7352.9364.3572.8896.07104.28

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital151516161618181818181919—
Reserves2883524465897621,4891,7602,1182,5713,1305,7676,646—
Borrowings452498813842599367305355162166217253—
Other Liabilities5885996227731,3871,3959301,0361,0191,3421,2322,038—
Total Liabilities1,3451,4641,8962,2202,7643,2693,0143,5273,7704,6567,2358,956—
Fixed Assets2983284054074895545375315677709931,686—
CWIP4293233211717151213851,002—
Investments333321121222—
Other Assets1,0391,1031,4851,7872,2422,7032,4692,9783,1873,7645,8546,266—
Total Assets1,3451,4641,8962,2202,7643,2693,0143,5273,7704,6567,2358,956—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity199186−29191623−13154229514610−32840
Cash from Investing Activity−17−98−63−76−2751175−58−137−353−1,501−349
Cash from Financing Activity−182−87229−69−38699−129−31−256−721,919−98
Net Cash Flow0113745−3897101139121186386392

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—28.023.023.029.028.021.024.026.027.021.020.0
ROE %———————————14.7
EPS (₹)4.438.1012.0418.4722.9228.6430.3341.7352.9364.3572.8896.07
Book Value (₹)———————————697.0
Face Value (₹)———————————2
P/E———————————44.0
Div Yield %———————————0.10
NPM %1.72.73.64.24.35.26.56.56.97.17.17.7
OPM %10.010.010.010.010.010.011.010.010.010.010.010.0
D/E1.491.361.761.390.770.240.170.170.060.050.040.04
P/B———————————6.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+17.0%
5 years+23.0%
3 years+19.0%
TTM+20.0%
Compounded profit growth
10 years+31.0%
5 years+27.0%
3 years+24.0%
TTM+34.0%
Stock price CAGR
10 years+45.0%
5 years+37.0%
3 years+19.0%
Last year+7.0%
Return on equity
10 years18.0%
5 years17.0%
3 years16.0%
Last year15.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters46.59%46.59%46.26%45.93%40.50%40.34%38.02%37.21%37.08%35.01%35.00%35.00%
FIIs4.18%4.18%7.75%10.84%15.30%18.49%25.22%27.37%31.00%25.83%27.27%27.32%
DIIs18.79%18.79%12.50%19.10%24.71%24.14%21.58%19.55%16.30%23.51%25.83%25.90%
Government————————————
Public30.44%30.44%33.49%24.14%19.49%17.03%15.17%15.88%15.60%15.65%11.88%11.76%
No. of shareholders24,39624,39643,82842,57953,95857,41784,28698,0211,29,0551,97,8441,58,5651,60,497
Change since Jun 2023 (pp)
Promoters −11.59FIIs +23.14DIIs +7.11Public −18.68

Documents

As of 11 Oct 2026
Announcements
Disclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSDisclosure Pursuant To Regulation 30 Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportShareholder Meeting / Postal Ballot-Outcome of AGM
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 2026RecordingAug 2026PPTMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingJan 2026PPT

Corporate actions

As of 28 Jan 2026
28 Jan 2026DIVIDENDInterim Dividend - Rs 4.50 Per Share—
27 Jan 2025DIVIDENDInterim Dividend - Rs 4 Per Share—
19 Mar 2024DIVIDENDInterim Dividend - Rs 3.50 Per Share—
3 Feb 2023DIVIDENDInterim Dividend - Rs 3 Per Share—
7 Feb 2022DIVIDENDInterim Dividend - Rs 2.50 Per Share—
9 Mar 2021DIVIDEND Interim Dividend - Rs 2 Per Share—
19 Mar 2020DIVIDEND Interim Dividend - Rs 1.50 Per Share—
6 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 1.20 Per Share—
11 Sep 2018DIVIDEND Annual General Meeting/Dividend- Re 1 Per Share—
11 Jul 2017DIVIDEND Dividend - Re 0.60 Per Share—
29 Aug 2016DIVIDEND Annual Genaral Meeting/ Dividend - Re 0.50/- Per Share (Book Closure Start Date Revised)—
8 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Re 0.40/- Per Share—
11 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Re 0.20/- Per Share—
13 Jun 2013DIVIDENDAnnual General Meeting And Dividend Re.0.20/- Per Equity Share—
6 Sep 2012DIVIDENDAnnual General Meeting And Dividend Re.0.20 Per Share—
8 Sep 2011DIVIDENDAnnual General Meeting And Dividend Re.0.20 Per Share—
17 Aug 2010DIVIDENDAnnual General Meeting And Dividend Re.0.20 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman