Builds power transmission lines, civil works, cables and renewable-energy projects on an engineering, procurement and construction (EPC) basis across more than 110 countries. EPC is the dominant line, contributing 90.8% of segment revenue at Rs 21,988.29 crore in FY26, with an EBIT of Rs 1,513.01 crore; the residual "Others" segment made up 9.2% at Rs 2,216.7 crore (EBIT Rs 145.56 crore). Recent order wins include a 400 kV transmission line powering a data centre in Western India (its first such order), a 200+ MW solar PV project, and what the company describes as its largest-ever tower supply order from the USA, alongside Middle East and Americas business. FY26 order intake was Rs 25,280 crore and the closing order book stood at Rs 36,267 crore, giving multi-quarter revenue visibility. Total FY26 revenue was Rs 23,505.54 crore with an EBITDA margin of 7.02%, and materials at 49.2% of revenue are by far the biggest cost input, ahead of other opex at 38.0% and employee cost at 7.1%. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. EPC (91%), Others (9%). Project-driven, asset-heavy global EPC contractor in infrastructure with a long order-to-revenue cycle.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 13,742 | 17,282 | 19,914 | 21,847 | 23,506 |
| EBITDA (ex other income) | 860 | 830 | 1,215 | 1,504 | 1,600 |
| margin % | 6.3 | 4.8 | 6.1 | 6.9 | 6.8 |
| Owners' profit | 332 | 176 | 0 | 0 | 0 |
| EPS, as reported (₹) | 12.92 | 6.85 | 13.49 | 21.80 | 22.75 |
| ROE % · ROCE % | 9.2 · 16.9 | 4.7 · 15.7 | 8.5 · 23.9 | 10.7 · 23.4 | 9.8 · 20.3 |
| Debt / equity (x) | 0.85 | 0.90 | 0.97 | 0.74 | 0.83 |
| Cash from operations | (284) | 607 | 311 | 419 | (414) |
| Capex | (143) | (178) | (237) | (183) | (329) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,113 | 5,349 | 6,872 | 5,023 | 6,092 | 6,001 | 6,390 | 5,024 |
| Profit before tax | 113 | 160 | 342 | 159 | 213 | 160 | 258 | 90 |
| Net profit | 85 | 130 | 268 | 125 | 161 | 127 | 193 | 73 |
| EPS (₹) | 3.32 | 4.87 | 10.08 | 4.68 | 6.04 | 4.79 | 7.24 | 2.73 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| EPC | 21,988 | 90.8 |
| Others | 2,217 | 9.2 |
| Total, before eliminations | 24,205 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| LARSEN & TOUBRO LTD. | 5,40,766 | 32.6 | 4.21 | 19.5 | 14.7 | 11.9 | 16.0 | 12.5 |
| RAIL VIKAS NIGAM LIMITED | 42,722 | 47.5 | 4.35 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 21 Aug 2026 · KEC International 21st AGM: All 5 resolutions passed, dividend of Rs 5.50 declared | board shareholder meetings | medium | — | — |
| 21 Aug 2026 · KEC International 21st AGM: all 5 resolutions passed, Rs 5.50 dividend declared | board shareholder meetings | medium | — | — |
| 19 Aug 2026 · KEC Intl issues AED 300 million corporate guarantee for subsidiary | credit debt | medium | — | — |
| 14 Aug 2026 · KEC Intl - Q1 FY27 Earnings Call Transcript Uploaded on Website | investor communications | medium | — | — |
| 13 Aug 2026 · Notice on SEBI special window for physical shares transfer and dematerialisation | compliance | minimal | — | — |
| 11 Aug 2026 · KEC International to meet investors on August 14, 2026 | general | low | — | — |
| 11 Aug 2026 · Q1 FY27 Earnings Call Audio Recording Uploaded | investor communications | low | — | — |
| 11 Aug 2026 · Q1 FY26 results: Profit falls about 42 percent YoY despite steady revenue | compliance | minimal | — | — |
| 10 Aug 2026 · KEC International Q1 FY27 results: revenue flat, profit down 42% | investor communications | medium | — | — |
| 10 Aug 2026 · KEC International Q1 FY27: PAT drops 42 percent, revenue flat at Rs 5,024 cr | compliance | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 30.4 |
| 8.9 |
| 7.5 |
| 5.8 |
| 7.5 |
| KALPATARU PROJECT INT LTD | 24,541 | 21.6 | 3.17 | 11.1 | 13.3 | 15.0 | 16.0 | 10.0 |
| IRB INFRA DEV LTD. | 23,770 | 18.2 | 1.13 | 10.5 | 4.1 | 2.5 | 7.6 | 55.6 |
| NBCC (INDIA) LIMITED | 22,383 | 30.3 | 6.96 | 18.8 | 23.1 | 29.7 | 13.5 | 9.6 |
| CEMINDIA PROJECTS LIMITED | 21,472 | 35.7 | 8.95 | 18.2 | 24.9 | 31.7 | 29.8 | 10.5 |
| ENGINEERS INDIA LTD | 15,144 | 19.3 | 4.81 | 16.9 | 22.0 | 26.5 | 4.6 | 20.1 |
| TECHNO ELEC & ENG CO. LTD | 11,339 | 26.3 | 2.73 | 18.6 | 11.4 | 12.4 | 29.6 | 20.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 19.5 | 14.9 | 67 of 107 | 38% |
| P/B | 1.8 | 1.4 | 51 of 86 | 41% |
| ROCE | 11.0 | 10.0 | 53 of 109 | 52% |
| ROE | 9.8 | 9.2 | 43 of 91 | 53% |
| Debt / Equity | 0.8 | 0.3 | 74 of 91 | 19% |
| EBITDA margin | 6.1 | 12.4 | 73 of 88 | 17% |
| Revenue growth | 0.0 | 6.2 | 53 of 86 | 39% |
| Profit growth | (41.7) | 2.7 | 59 of 84 | 30% |
| Market cap | 10810 | 485 | 9 of 108 | 93% |
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| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
