KEC International

NSE: KECBSE: 532714
Compare with peers
₹ 339.00▲ 7.35 (+2.22%)28 Oct, 03:29 pm IST
Market cap
₹ 8,715 Cr.
P/E
15x
P/B
1.43x
52-week range
317.25 – 845.5
ROE
11%
ROCE
17%
Dividend yield
1.7%
Debt / equity
0.87
Sector
Construction
Industry
Civil Construction
Listed on
NSE, BSE

About

KEC International Limited is an India-based engineering, procurement, and construction (EPC) company. The Company delivers projects in infrastructure sectors such as power transmission & distribution, civil, transportation, renewables, oil & gas pipelines and cables & conductors. Its capabilities include design, manufacture, testing, supplying and erecting transmission lines up to 1,200 kilovolts (kV), along with end-to-end solutions for underground high tension (HT) and extra-high voltage (EHV) cabling work. It offers overhead electrification, traction substations, and regional rapid transit system solutions for all types of railway contracts. It also delivers civil engineering such as industrial, residential & defense, commercial, public and data center projects. It also provides solar EPC services for solar photovoltaic (PV) projects and rooftop PV solutions. It is also engaged in construction of oil & gas/slurry pipelines in hydrocarbon facilities.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Civil Construction: 182 companies →

KEC International against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)15 against a typical 14.4: pricier than most peers (1st = cheapest).95th of 181
  • Sales growth0% against a typical +8.6% from a year earlier.95th of 147
  • Profit growth−41.6% against a typical 0% from a year earlier.88th of 130
  • Share price, 3 months−29% against a typical −13.1%.142nd of 164
  • Size₹ 8,715.3 Cr. market value against a typical ₹ 148 Cr. (1st = largest).8th of 156

Latest announcements

Exchange filings and their impact on the company.

  • 24 Oct 2026Bagging/Receiving of orders/contractsHigh impactPositivePrice +2.8% on 26 Oct
    KEC won its largest-ever India T&D order worth Rs 2,872 cr from PGCIL, lifting YTD intake past Rs 13,500 cr.

    KEC International has secured turnkey orders worth Rs 2,872 crores from Power Grid Corporation of India for design, supply and installation of 765 kV transmission lines linked to evacuation of 8.5 GW of renewable energy from Gujarat. The company said this is the largest-ever order for its India T&D business. With these wins, KEC's year-to-date order intake has crossed Rs 13,500 crores, including about Rs 9,500 crores from T&D.

    Filing
  • 23 Oct 2026Bagging/Receiving of orders/contractsLow impactPositivePrice −1.3% that day
    KEC won Rs 1,006 cr of new T&D, hospital and cables orders, taking YTD intake past Rs 10,600 cr.

    KEC International has secured new orders worth Rs 1,006 crores across Transmission & Distribution, Civil and Cables & Conductors businesses. The wins include a 400 kV transmission line in Oman, tower supply in the Americas, a repeat multispeciality hospital order in Eastern India, and cables orders. With these wins, the company's year-to-date order intake has crossed Rs 10,600 crores, supporting revenue visibility for the next 12 months.

    Filing
  • 10 Oct 2026Bagging/Receiving of orders/contractsMedium impactPositivePrice −2% on 12 Oct
    KEC won Rs 1,014 cr of India T&D orders, taking YTD intake past Rs 9,600 cr.

    KEC International secured new transmission and distribution orders worth Rs 1,014 crores in India, including its first 765 kV transmission line order for evacuating power from a pumped storage plant in Western India. The company said its year-to-date order intake now stands at over Rs 9,600 crores. The wins strengthen its domestic T&D pipeline and support revenue visibility over the next year.

    Filing
  • 8 Oct 2026Bagging/Receiving of orders/contractsMedium impactPositivePrice +5.8% on 9 Oct
    KEC won Rs 1,030 cr of T&D, wind and cable orders, taking YTD intake past Rs 8,600 cr.

    KEC International secured new orders worth Rs 1,030 crores across Transmission & Distribution, Renewables and Cables. T&D wins include a 400 kV line in Bhutan, an additional 380 kV line in Saudi Arabia and tower supply in the Americas, plus a 300+ MW wind EPC order in Southern India. With these wins, year-to-date order intake stands at over Rs 8,600 crores, strengthening execution visibility.

    Filing

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A+ by ICRA
A+
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India Ratings——14 May 2026
CRISIL——7 May 2026
CAREWithdrawnStable16 Dec 2025
ICRA[ICRA]A+ /[ICRA]A1+Stable25 Nov 2025
Credit rating actions
RatingDetails
14 May 2026
Reaffirmed
——India Ratings₹ 1,000 Cr.
7 May 2026
Reaffirmed
——CRISIL₹ 1,000 Cr.
16 Dec 2025
Withdrawn
was CARE A+ / CARE A1+—CARE₹ 19,800 Cr.
26 Nov 2025
Rating action
——CRISIL₹ 1,000 Cr.
25 Nov 2025
Reaffirmed
[ICRA]A+ /[ICRA]A1+—ICRA₹ 24,100 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on KEC International

Also covered in

IPO note · 28 Dec 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
2 Nov 2026UpcomingFinancial ResultsTo consider and approve the Consolidated and Standalone Unaudited Financial Results of the Company for the quarter and half year ended on September 30, 2026
10 Aug 2026Financial ResultsTo consider and approve the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter ended on June 30, 2026
16 May 2026Financial Results/DividendTo consider and approve the financial results for the year ended March 31, 2026 and recommend dividend, if any.
30 Jan 2026Financial ResultsTo consider and approve, inter alia, the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended on December 31, 2025.
10 Nov 2025Financial ResultsTo consider and approve the Unaudited financial results for the quarter and half year ended September 30, 2025
28 Jul 2025Financial ResultsTo consider and approve the Unaudited Standalone and Consolidated financial results of the Company for the quarter ended on June 30, 2025
26 May 2025Financial Results/DividendTo consider and approve the financial results for the year ended March 31, 2025 and recommend dividend, if any.

Share price

1M change −13.2%
3 of 4 filing days came with a big price moveBiggest +5.8% on 9 Oct 2026AI reading matched the move 2 of 3
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,4995,0076,1654,5125,1135,3496,8725,0236,0926,0016,3905,024
Expenses4,2254,6995,7774,2424,7934,9756,3334,6735,6615,5715,9424,733
Operating Profit274308388270320374539350430430448291
OPM %6%6%6%6%6%7%8%7%7%7%7%6%
Other Income1626843712055−493014
Interest178164154155168170170151171171170164
Depreciation474948474545474651505151
Profit before tax6612119311211316034215921316025890
Tax %15%20%21%22%25%19%22%21%25%20%25%19%
Net Profit5697152888513026812516112719373
EPS in Rs2.173.775.93.413.214.8710.084.686.044.797.242.73

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
11%
5 Years
12%
3 Years
11%
TTM
5%
Compounded Profit Growth
10 Years
16%
5 Years
4%
3 Years
55%
TTM
−1%
Stock Price CAGR
10 Years
12%
5 Years
2%
3 Years
−14%
TTM
—
Return on Equity
10 Years
14%
5 Years
10%
3 Years
11%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
50.1%
0 pts in a year
FIIs
9.92%
−6.1 pts in a year
DIIs
23.34%
+0.79 pts in a year
Public
16.64%
+5.32 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 15xEPS (12 months) ₹ 22.56Median P/E 20.5x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
KEC International₹ 339.00₹ 8,715 Cr.15x1.4x11%—
DLF₹ 653.55₹ 1,61,774 Cr.39x3.6x10%32%
Lodha Developers₹ 963.00₹ 1,01,441 Cr.33.7x5.1x15.8%20.6%
Indus Towers₹ 380.00₹ 1,00,250 Cr.14.9x2.7x19.8%22%
Oberoi Realty₹ 1,587.20₹ 57,846 Cr.27.3x3.8x—41.6%
Godrej Properties₹ 1,497.90₹ 45,121 Cr.166x3.3x10.2%35.9%

Management

Vimal Kejriwal
Chief Executive Officer, Managing Director, Executive Director
Rajeev Aggarwal
Chief Financial Officer
Suraj Eksambekar
Compliance Officer, Company Secretary

Prices are delayed and for information only. Nothing on this page is investment advice.