In continuation to our letter dated May 21, 2026, and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith the presentation ....
KEC · price
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KEC International reported record FY26 revenues of Rs. 23,506 Cr (8% YoY) with operating PAT of Rs. 650 Cr (18% growth). The T&D segment dominates at 68% revenue share with record order inflows of ~Rs. 17,700 Cr and a combined order book & L1 exceeding Rs. 25,000 Cr. The Civil segment saw order intake double to over Rs. 5,000 Cr, while Cables delivered its best-ever performance. Net worth crossed Rs. 6,000 Cr and return on net worth improved to 10% (up 500 bps over 3 years). Management flagged Middle East geopolitical disruptions and delayed Water project payments as headwinds affecting working capital. The total tender pipeline stands at over Rs. 180,000 Cr. The company is expanding manufacturing capacity by 15% and foraying into wind energy and semiconductors.
Strong order book of Rs. 40,000+ Cr (1.7x revenue ratio) provides multi-year revenue visibility. Improving profitability margins and multi-decadal growth opportunities in T&D and Renewables are positives, though elevated debt and working capital pressures need monitoring.