Capital Goods · NIFTY 500

KEI Industries Limited

NSEKEI BSE517569 ISININE878B01027 SeriesEQ Listed on NSE · BSE

₹4,135.70 +129.30 (+3.23%) Updated 12 Nov, 8:49 pm IST

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Price, daily close-0.05% in a year

Today

Open: ₹4,039.90
Prev close: ₹4,006.40
Day high: ₹4,214.00
Day low: ₹3,993.60
Volume: 6.35 L
Value traded: ₹264.09 Cr
Upper circuit: ₹4,259.20
Lower circuit: ₹4,011.20
52W high: ₹5,899.00
52W low: ₹3,666.10
1 month: -12.93%
6 months: -22.11%

52W low52W high

Ratios

Key numbers

Worked out from the latest filings (Consolidated) and today's price. TTM = last four quarters.

Market cap₹39,537 Cr

P/E (TTM)37.47

P/B5.49

Book value / share₹753.49

EPS (TTM)₹110.37

ROE14.7%

Dividend yield0.11%

Dividend (12m)₹4.50 / share

Net margin (TTM)7.9%

Operating margin10.0%

Debt / equity0.04

Current ratio2.99

EV / EBITDA26.54

Sales growth (YoY qtr)+38.52%

Profit growth (YoY qtr)+28.96%

Sales CAGR 3Y+19.34%

Profit CAGR 3Y+24.38%

Shares9.56 Cr

Quarterly results

Results for each quarter

Last 12 quarters, consolidated, ₹ crore. Hover a bar to see the number.

Revenue and net profit

2,062151

Dec 23

2,319168

Mar 24

2,060150

Jun 24

2,280155

Sep 24

2,467165

Dec 24

2,915227

Mar 25

2,590196

Jun 25

2,726204

Sep 25

2,955235

Dec 25

3,476284

Mar 26

3,185274

Jun 26

3,776262

Sep 26

Revenue · QoQ (vs last quarter)

—+12%-11%+11%+8.2%+18%-11%+5.3%+8.4%+18%-8.4%+19%

Revenue · YoY (vs a year ago)

————+20%+26%+26%+20%+20%+19%+23%+39%

Net profit · QoQ (vs last quarter)

—+12%-11%+3.0%+6.5%+37%-14%+4.0%+15%+21%-3.6%-4.3%

Net profit · YoY (vs a year ago)

————+9.4%+34%+30%+31%+43%+25%+40%+29%

RevenueNet profitLine = trend

16.67

Dec 23

18.64

Mar 24

16.62

Jun 24

17.13

Sep 24

17.85

Dec 24

23.69

Mar 25

20.47

Jun 25

21.28

Sep 25

24.55

Dec 25

29.72

Mar 26

28.66

Jun 26

27.44

Sep 26

EPS (₹) · YoY (vs a year ago)

————+7.1%+27%+23%+24%+38%+25%+40%+29%

EPS (₹)Line = trend

₹ Cr	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25	Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
Revenue	2,062	2,319	2,060	2,280	2,467	2,915	2,590	2,726	2,955	3,476	3,185	3,776
Other income	11.8	15.2	17.8	16.9	13.6	37.1	39.6	42.3	33.8	42.8	19.6	24.5
Total income	2,074	2,334	2,078	2,297	2,481	2,952	2,630	2,769	2,989	3,519	3,205	3,801
Raw material	1,553	1,639	1,775	1,869	1,948	2,197	2,074	2,213	2,284	2,731	2,987	3,241
Purchases	1.2	2.2	0.0	1.6	2.2	0.6	0.0	22.3	0.4	0.4	0.6	2.7
Employee cost	66.4	69.5	73.1	74.3	75.4	82.1	85.3	86.1	99.6	101	104	103
Other expenses	229	267	253	254	264	306	274	298	313	395	303	357
Total expenses	1,871	2,107	1,876	2,089	2,260	2,647	2,367	2,491	2,674	3,142	2,836	3,448
Operating profit	217	244	215	221	241	301	258	269	320	382	396	377
OPM %	10.5%	10.5%	10.4%	9.7%	9.8%	10.3%	10.0%	9.9%	10.8%	11.0%	12.4%	10.0%
Finance cost	10.9	16.5	14.2	13.3	14.3	13.9	14.5	14.2	16.6	18.8	17.7	17.2
Depreciation	15.4	15.8	15.5	16.3	19.0	19.3	19.9	20.2	22.6	28.5	28.6	30.6
Exceptional items	—	-0.2	—	—	—	—	—	—	—	—	—	—
Profit before tax	202	227	203	208	221	305	263	277	315	377	369	353
Tax	51.8	58.7	52.5	53.1	56.4	78.6	67.5	73.8	79.8	92.8	95.0	90.8
Net profit	151	168	150	155	165	227	196	204	235	284	274	262
Profit to shareholders	151	168	150	155	165	227	196	204	235	284	274	262
EPS (₹)	16.67	18.64	16.62	17.13	17.85	23.69	20.47	21.28	24.55	29.72	28.66	27.44

Profit & loss

Results for each year

8 financial years (April to March), consolidated, ₹ crore.

Sales, operating profit and net profit

4,231441181

FY19

4,888497256

FY20

4,182460273

FY21

5,727589376

FY22

6,912706477

FY23

8,104837581

FY24

9,736991696

FY25

11,7481,229918

FY26

Revenue · YoY (vs a year ago)

—+16%-14%+37%+21%+17%+20%+21%

Net profit · YoY (vs a year ago)

—+42%+6.6%+38%+27%+22%+20%+32%

RevenueOperating profitNet profitLine = trend

₹ Cr	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,231	4,888	4,182	5,727	6,912	8,104	9,736	11,748
Other income	7.2	16.7	20.1	14.6	27.6	49.0	71.8	159
Total expenses	3,960	4,577	3,836	5,234	6,298	7,372	8,871	10,674
Employee cost	173	228	185	201	232	267	304	372
Operating profit	441	497	460	589	706	837	991	1,229
OPM %	10.4%	10.2%	11.0%	10.3%	10.2%	10.3%	10.2%	10.5%
Finance cost	136	129	57.3	40.4	34.7	43.9	55.6	64.1
Depreciation	33.9	56.7	57.8	55.5	57.1	61.4	70.1	91.2
Profit before tax	278	328	365	507	642	781	937	1,232
Tax	97.4	71.6	92.1	132	165	200	241	314
Tax rate %	35.0%	21.8%	25.2%	25.9%	25.6%	25.6%	25.7%	25.5%
Net profit	181	256	273	376	477	581	696	918
Profit to shareholders	181	256	273	376	477	581	696	918
Net margin %	4.3%	5.2%	6.5%	6.6%	6.9%	7.2%	7.2%	7.8%
EPS (₹)	22.74	31.19	30.18	41.56	52.86	64.25	75.55	96.02

Balance sheet

Assets and debt

At each year end (and the latest half year), ₹ crore.

Equity, debt and assets

2,589135480

Mar 23

3,148134666

Mar 24

5,7861781,052

Mar 25

6,6651861,444

Mar 26

7,203285695

Sep 26

Shareholders' equity · YoY (vs a year ago)

—+22%+84%+15%—

Shareholders' equityBorrowingsCashLine = trend

₹ Cr	Mar 23	Mar 24	Mar 25	Mar 26	Sep 26
Shareholders' equity	2,589	3,148	5,786	6,665	7,203
Long-term borrowings	0.0	0.0	0.0	0.0	0.0
Short-term borrowings	135	134	178	186	285
Total borrowings	135	134	178	186	285
Current liabilities	1,118	1,431	1,348	2,078	2,161
Fixed assets (PPE)	484	541	756	1,307	1,396
Inventories	1,102	1,343	1,730	2,401	3,604
Trade receivables	1,388	1,518	1,797	1,842	1,677
Cash & equivalents	480	666	1,052	1,444	695
Current assets	3,161	3,697	5,635	6,157	6,454
Total assets	3,770	4,656	7,235	8,956	9,619
Debt / equity	0.05	0.04	0.03	0.03	0.04

Cash flow

Cash coming in and going out

For each financial year, ₹ crore. Free cash flow = cash from operations minus spending on fixed assets.

Operating, investing and financing cash

229-58.4-31.4

FY22

514-137-256

FY23

611-353-71.8

FY24

-32.2-1,5011,919

FY25

840-350-98.2

FY26

Operations · YoY (vs a year ago)

—+125%+19%-105%+2,708%

OperationsInvestingFinancingLine = trend

₹ Cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	229	514	611	-32.2	840
Cash from investing	-58.4	-137	-353	-1,501	-350
Cash from financing	-31.4	-256	-71.8	1,919	-98.2
Spent on fixed assets	-59.7	-75.8	-255	-691	-1,132
Free cash flow	169	438	355	-723	-292
Net cash flow	139	121	186	386	392

Shareholding

Who holds the shares

Promoter and public holding at each quarter end, as filed with NSE.

Holding over time

37.1%Mar 24

37.1%Jun 24

37.1%Sep 24

35.0%Nov 24

35.0%Dec 24

35.0%Mar 25

35.0%Jun 25

35.0%Sep 25

35.0%Dec 25

35.0%Mar 26

35.0%Jun 26

35.0%Sep 26

Promoter & groupPublic

Latest (30 Sep 2026)

35.0%promoter

Promoter & group: 35.00%
Public (FIIs, mutual funds, retail…): 65.00%
Promoter change, last quarter: 0.00 pts

Dividends & news

Latest dividends and announcements

Dividends & corporate actions

Interim Dividend - Rs 4.50 Per ShareEx 28-Jan-2026
Interim Dividend - Rs 4 Per ShareEx 27-Jan-2025
Annual General MeetingEx 04-Sep-2024
Interim Dividend - Rs 3.50 Per ShareEx 19-Mar-2024
Annual General MeetingEx 25-Aug-2023
Interim Dividend - Rs 3 Per ShareEx 03-Feb-2023
Annual General MeetingEx 29-Aug-2022
Interim Dividend - Rs 2.50 Per ShareEx 07-Feb-2022

Board meetings

KEI INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 21-Oct-2026 to inter-alia consider and approve the Unaudited Finan…21-Oct-2026
the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended on 30th September, 202621-Oct-2026
KEI INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 03-Aug-2026 to inter-alia consider and approve the Unaudited Finan…03-Aug-2026
the quarterly financial results for the quarter ended June 30, 202603-Aug-2026
KEI INDUSTRIES LIMITED has informed the Exchange about Board Meeting to be held on 04-May-2026 to inter-alia consider and approve the Audited Financi…04-May-2026

Filings with NSE

Analysts/Institutional Investor Meet/Con. Call Updates4 Nov
Analysts/Institutional Investor Meet/Con. Call Updates29 Oct
Analysts/Institutional Investor Meet/Con. Call Updates22 Oct
Analysts/Institutional Investor Meet/Con. Call Updates22 Oct
Copy of Newspaper Publication22 Oct
General Updates22 Oct
Monitoring Agency Report21 Oct

Latest news

KEI Industries Standalone September 2026 Net Sales at Rs 3,776.42 crore, up 38.52% Y-o-YMoneycontrol.com · 12 Nov, 10:00 am KEI Industries shares tumble 8% despite Q2 profit rising 29%, revenue up 39%The Economic Times · 22 Oct, 12:30 pm KEI Industries share price plunges 10%, nears 52-week low; here's whyBusiness Standard · 22 Oct, 12:30 pm Why KEI Industries Share Price is FallingEquitymaster · 22 Oct, 12:30 pm KEI Industries shares: Down 15% in one month! Jefferies India sees 45% upside after Q2 results 2026 | Target, rationaleLivemint · 22 Oct, 12:30 pm KEI Industries Share Price: Cable maker stock crashes 15% in a week - Why does Jefferies see up to 86% upside?Zee Business · 22 Oct, 12:30 pm Polycab, KEI Industries Shares up to 8% as Ultratech Enters Wires & Cables Business with UltravoltIndia Infoline · 4 Sep, 12:30 pm KEI Industries shares fall up to 11% as September quarter results miss estimates; here's what brokerages...Moneycontrol.com · 22 Oct, 12:30 pm

About

About KEI Industries Limited

KEI Industries Limited is listed on the NSE under the symbol KEI and belongs to the Capital Goods sector.

Company details

Company name: KEI Industries Limited
NSE symbol: KEI
BSE scrip code: 517569
ISIN: INE878B01027
Listed on: NSE, BSE
Series: EQ (normal equity)
Listed on NSE since: 23 Mar 2006
Face value: ₹2 per share
Market lot: 1 share
Shares issued: 9.56 crore
Index: NIFTY 500
Sector (NSE): Capital Goods
Industry: Electrical Products
Managing director / CEO: Anil Gupta
Chair: Anil Gupta
Headquarters: New Delhi, IN
Registered address: D-90, Okhla Industrial Area, Phase 1, New Delhi – 110020
Founded: 1992
Employees: 9,506
Financial year: April to March
Results basis: Consolidated
Website: kei-ind.com

Peers

Other Capital Goods stocks

Prices from NSE via Upstox. Financials from the company's results filed with NSE (XBRL); ratios are our own working. Profile from global-stock-logos (MIT). For information only, not a recommendation to buy or sell.

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KEI Industries Limited

Today

Ratios

Quarterly results

Revenue and net profit

Profit & loss

Sales, operating profit and net profit

Balance sheet

Equity, debt and assets

Cash flow

Operating, investing and financing cash

Shareholding

Holding over time

Latest (30 Sep 2026)

Dividends & news

Dividends & corporate actions

Board meetings

Filings with NSE

Latest news

About

Company details

Peers