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KEC International Limited

KEC International Limited

KEC.NS
KEC International LimitedIN flagNational Stock Exchange of India
505.40
INR
-5.60
- -
134.54BMarket Cap
KEC International Limited
KEC.NS
(National Stock Exchange of India)

Recent

price

505.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
174.12
203.98
249.71
279.73
268.52
326.7
329.04
385.56
420.19
457.62
505.39
525.65
661.13
762.2
834.46
883.02
883.03
Revenue per Share
8
8.14
2.53
2.6
6.26
5.75
11.86
17.91
19.28
22
21.5
12.92
6.85
13.49
21.8
22.75
22.75
Basic EPS, GAAP
3.43
16.58
-3.38
-0.36
5.95
-2.93
64.63
25.66
7.73
3.4
32.66
-11.04
23.87
12.1
16.01
-15.56
- -
Free Cash Flow per Basic Share
1.38
1.38
1.39
0.58
0.68
2.24
0.04
1.6
2.39
6.06
0.02
3.99
4
3
3.93
5.5
- -
Dividend per Share
31.35
31.26
33.18
34.74
34.45
37.07
47.93
63.62
79.39
94.05
115.55
124.38
127.19
137.79
152.44
2
2
Book Value per Share
18.83
24.11
25.15
25.94
33.67
37.93
50.15
66.67
82.43
96.74
119.72
129.35
134.99
147.96
193.44
219.8
219.8
Tangible Book Value per Share
257
257
257
257
257
257
257
257
257
257
257
257
257
257
262
266
266
Basic Weighted Avg Shares
44,765
52,441
64,198
71,915
69,035
83,991
84,593
99,124
108,027
117,649
129,929
135,138
169,968
195,953
218,467
235,055
235,055
Sales/Revenue/Turnover
11.03
0.95
0.87
-0.22
-11.75
10.2
12.15
10.98
9.53
9.35
8.68
5.84
4.63
6.08
6.04
6.22
6.22
Operating Margin (%)
408
479
561
705
881
1,318
1,297
1,097
1,171
1,472
1,525
1,579
1,615
1,854
1,837
1,974
1,974
Depreciation Expense
2,056
2,093
650
668
1,610
1,479
3,048
4,604
4,958
5,655
5,527
3,321
1,760
3,468
5,707
6,056
6,056
Net Income, GAAP
35.07
35.46
55.7
56.96
38.33
49.27
34.24
33.32
34.58
28.44
26.88
16.86
- -
18.69
21.55
23.26
23.26
Effective Tax Rate (%)
4.59
3.99
1.01
0.93
2.33
1.76
3.6
4.64
4.59
4.81
4.25
2.46
1.04
1.77
2.61
2.58
2.58
Profit Margin (%)
4,825
5,038
3,525
1,668
2,810
2,906
8,400
11,806
15,964
12,975
15,961
15,866
16,166
16,242
31,598
42,013
42,013
Working Capital
7,459
7,508
7,078
6,026
7,263
5,929
7,757
7,384
5,411
2,637
3,318
5,607
6,563
3,842
5,699
8,820
8,820
LT Debt
9,466
11,078
11,472
11,916
11,833
12,904
15,864
19,975
24,351
27,976
33,597
36,199
37,714
40,957
53,474
61,597
61,597
Total Equity
16.58
1.36
0.94
-0.22
-13.47
10.15
16.5
19.37
16.67
16.41
15.26
10.67
- -
12.7
11.88
10.64
10.64
Return on Invested Capital (%)
18.33
14.73
6.49
6.37
10.1
7.17
12.37
18
19.13
17.7
14.86
10.45
- -
12.37
14.13
16.66
16.67
Return on Capital (%)
43.66
26.01
7.85
7.65
18.1
16.08
27.89
32.11
26.97
25.37
20.52
10.77
5.44
10.18
15.15
29.95
29.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
47,033
- -
44,958
LT Borrowings
3,696
- -
6,614
LT Finance Leases
2,351
- -
2,206
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
266
- -
266
Market Capitalization
232,309
196,381
136,103

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
206,586
- -
222,091
Cash, Cash Equivalents & STI
6,406
- -
7,888
Accounts Receivable, Net
51,967
- -
64,742
Inventories
14,443
- -
15,327
Total Current Liabilities
173,116
- -
180,078
Payables & Accruals
- -
- -
- -
ST Debt
47,033
- -
44,958
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.2%
13.26%
15.19%
Free Cash Flow
-229.6%
-132.71%
-198.82%
Net Income, GAAP
25.74%
16.16%
6.11%
Sales/Revenue/Turnover
11.04%
12.83%
7.59%
Total Cash Common Dividend
2,402.1%
4,091.39%
42.41%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42,436
44,990
50,067
58,460
195,953
2025
45,119
51,133
53,494
68,721
218,467
2026
50,229
60,916
60,014
63,898
235,055

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.65
2.17
3.77
- -
13.49
2025
3.41
3.32
4.87
10.08
21.8
2026
4.68
6.04
4.79
7.24
22.75

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3
2025
- -
- -
- -
- -
3.93
2026
- -
- -
- -
- -
5.5
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Business
KEC International Limited, the flagship company of the RPG Group and headquartered in Mumbai, India, is a USD 2.6 billion global infrastructure engineering, procurement and construction (EPC) major originally founded in 1945 as Kamani Engineering Corporation. The company designs, manufactures, supplies and constructs turnkey projects across power transmission and distribution including high-voltage lines up to 1,200 kV, extra-high-voltage (EHV) projects, substations, distribution networks and rural electrification; railway infrastructure encompassing electrification systems, bridges, tunnels, signaling and track expansions; civil works such as buildings, factories, luxury villas and upstream steel projects; smart infrastructure solutions featuring innovative grid management, intelligent transportation and digital asset optimization; renewables including solar and wind power plants; oil and gas pipelines; and cables and conductors comprising power, instrumentation, control, telecom, railway and aluminum types produced at facilities in India, Dubai, Brazil and Mexico. KEC International operates in over 110 countries across six continents with projects currently executing in more than 30 nations, targeting power utilities, railways, real estate developers, steel companies, private developers and governments. In recent developments, the company has secured multiple large orders in 2025 including Rs 1,133 crore for transmission and distribution from Power Grid Corporation of India and private developers with a high-voltage direct current (HVDC) project; Rs 1,174 crore for +/-800 kV HVDC and 765 kV lines in India plus 380 kV lines in Saudi Arabia; Rs 1,016 crore across civil (luxury villas and steel projects), transmission and distribution (400 kV UAE lines), cables and its first Middle East oil and gas pipeline order, pushing year-to-date intake past Rs 17,000 crore; and commissioned the first phase of an aluminum conductor plant in Vadodara while planning a greenfield E-beam and rubber cables facility by March 2026.