KEC International
- 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.
- 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.
- 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.
- 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.
- 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.
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- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | — | — | 14 May 2026 |
| CRISIL | — | — | 7 May 2026 |
| CARE | Withdrawn | Stable | 16 Dec 2025 |
| ICRA | [ICRA]A+ /[ICRA]A1+ | Stable | 25 Nov 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 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 InternationalAlso covered in
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 2 Nov 2026Upcoming | Financial Results | To 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 2026 | Financial Results | To consider and approve the Unaudited Consolidated and Standalone Financial Results of the Company for the quarter ended on June 30, 2026 |
| 16 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the year ended March 31, 2026 and recommend dividend, if any. |
| 30 Jan 2026 | Financial Results | To 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 2025 | Financial Results | To consider and approve the Unaudited financial results for the quarter and half year ended September 30, 2025 |
| 28 Jul 2025 | Financial Results | To consider and approve the Unaudited Standalone and Consolidated financial results of the Company for the quarter ended on June 30, 2025 |
| 26 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the year ended March 31, 2025 and recommend dividend, if any. |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,499 | 5,007 | 6,165 | 4,512 | 5,113 | 5,349 | 6,872 | 5,023 | 6,092 | 6,001 | 6,390 | 5,024 |
| Expenses | 4,225 | 4,699 | 5,777 | 4,242 | 4,793 | 4,975 | 6,333 | 4,673 | 5,661 | 5,571 | 5,942 | 4,733 |
| Operating Profit | 274 | 308 | 388 | 270 | 320 | 374 | 539 | 350 | 430 | 430 | 448 | 291 |
| OPM % | 6% | 6% | 6% | 6% | 6% | 7% | 8% | 7% | 7% | 7% | 7% | 6% |
| Other Income | 16 | 26 | 8 | 43 | 7 | 1 | 20 | 5 | 5 | −49 | 30 | 14 |
| Interest | 178 | 164 | 154 | 155 | 168 | 170 | 170 | 151 | 171 | 171 | 170 | 164 |
| Depreciation | 47 | 49 | 48 | 47 | 45 | 45 | 47 | 46 | 51 | 50 | 51 | 51 |
| Profit before tax | 66 | 121 | 193 | 112 | 113 | 160 | 342 | 159 | 213 | 160 | 258 | 90 |
| Tax % | 15% | 20% | 21% | 22% | 25% | 19% | 22% | 21% | 25% | 20% | 25% | 19% |
| Net Profit | 56 | 97 | 152 | 88 | 85 | 130 | 268 | 125 | 161 | 127 | 193 | 73 |
| EPS in Rs | 2.17 | 3.77 | 5.9 | 3.41 | 3.21 | 4.87 | 10.08 | 4.68 | 6.04 | 4.79 | 7.24 | 2.73 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 12%
- 3 Years
- 11%
- TTM
- 5%
- 10 Years
- 16%
- 5 Years
- 4%
- 3 Years
- 55%
- TTM
- −1%
- 10 Years
- 12%
- 5 Years
- 2%
- 3 Years
- −14%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 10%
- 3 Years
- 11%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| KEC International | ₹ 339.00 | ₹ 8,715 Cr. | 15x | 1.4x | 11% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 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.