KEI Industries

Quick check

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

• DebtHigh safetyRated AA+ by 3 agencies.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 39% and profit rose 28% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 35% of the company, about the same as in Sep 2025.
• ValuationNormal for this stockThe share trades at 33.7 times its yearly earnings (P/E), cheaper than 73% of the time in the last 5 years. Its usual P/E is about 31.

KEI Industries 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)33.7 against a typical 22.9: pricier than most peers (1st = cheapest).20th of 26
• Sales growth+38.5% against a typical +38.5% from a year earlier.9th of 17
• Profit growth+28.4% against a typical +38.9% from a year earlier.9th of 15
• Share price, 3 months−20.3% against a typical +5.2%.22nd of 24
• Size₹ 35,516.6 Cr. market value against a typical ₹ 1,468 Cr. (1st = largest).2nd of 25

Exchange filings and their impact on the company.

• 21 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice −8.5% on 22 Oct
  Q2 revenue up 38.5% and H1 profit up 34% keeps KEI on a ~25-30% growth path for the next 12 months.

  KEI Industries reported Q2 FY27 standalone revenue of Rs 3776.4 crore, up 38.5% from Rs 2726.3 crore a year ago, with net profit of Rs 262.5 crore, up 29%. For H1, revenue was Rs 6961.8 crore and net profit Rs 536.6 crore, up 31% and 34% year-on-year. The auditor gave an unmodified review but flagged the May 2026 income-tax search whose outcome is still not ascertainable, while cables drove growth as EPC posted a Rs 14 crore half-year loss.

  Full analysisFiling
• 8 Oct 2026General UpdatesLow impactPositivePrice +0.1% on 9 Oct
  KEI won partial relief in its FY18 GST case, leaving a Rs 4.5 cr demand it will appeal further.

  KEI Industries said the GST Commissioner (Appeals) in Noida has reduced its 2017-18 GST demand following the company's appeal. The revised order retains a demand of Rs 2.23 crore plus an equal penalty of Rs 2.23 crore on road restoration charges, while setting aside claims on excess input tax credit and interest on delayed billing. KEI says the demand is not maintainable and it will appeal further to the GST Appellate Tribunal, expecting no material impact on its finances or operations.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Anil Gupta

Executive Chairman of the Board, Managing Director

Rajeev Gupta

Chief Financial Officer, Executive Director - Finance

Kishore Kunal

Senior Vice President - Corporate Finance, Compliance Officer, Company Secretary

Akshit Diviaj Gupta

Whole Time Director