KEI Industries Limited is an established player in the power cable segment and among the largest cable manufacturing companies in India.
History: KEI Industries Ltd
KEI was established in the year 1968 as a partnership firm under the name Krishna Electrical Industries, with major business activity of manufacturing house wiring rubber cables. As of inception year itself, the company had started to manufacture Switchboard Cables for DOT. Today, the company has grown into an empire offering holistic wires & cables solutions with a global presence.
Business:
Headquartered in New Delhi (India), KEI Industries Ltd offers an extensive range of cabling solutions. The company manufactures and markets Extra-High Voltage (EHV), Medium Voltage (MV) and Low Voltage (LV) power cables.
Serving both institutional and retail segments, KEI Industries has emerged as a one-stop shop for products and services, with its growing presence in the Engineering, Procurement and Construction (EPC) services domain further strengthening its leadership position.
Product Portfolio:
The company’s product portfolio includes Low Tension (LT) cables, control & instrumentation cables, specialty cables, rubber cables, flexible & house wires and High Tension (HT) cables addressing the myriad demands of a cross section of sectors.
KEI is one of the few companies in country to manufacture speciality cables including braided cables, fire survival and Zero halogen cables, also which is an ISO 9001:2000 certified company.
Manufacturing Units:
KEI Industries has manufacturing facilities at New Delhi, Bhiwadi, Silvassa and Chopanki (an Export Oriented Unit)
Strength:
The Company has more than 3800 channel partners, 4800 plus employee, 38 branch offices, and 21 warehouses.
Company Reach:
5 decades of commitment, perseverance, and dedication has helped KEI Industries to get equipped to be a catalyst of Power with a global presence in more than 50 countries. The Company has been able to build new bridges that further took it closer to our customers’ homes and deeper into their hearts.
Listed On
The shares of KEI Industries Limited are presently listed at Bombay Stock Exchange (BSE); CODE 517569 and National Stock Exchange (NSE) as KEI
Stock Info – KEI Industries Limited
Share Holding Pattern
Financials – KEI Industries Limited
Conclusion
Offering an extensive range of cabling solutions since last 50 years, KEI’s vision is to emerge as one of the world’s leading electrical cables, wires, and allied businesses company with global footprints.
The company is having good management and being managed by Mr. Anil Gupta who is recognized as an accomplished expert in the Indian cable and wire Industry. Besides the promoters are having steady stake (more than 45%) since last 4 quarters.
During the 3rd Quarter of FY 2018-19 Net Sales for the company stood at INR 1087.48 Cr against INR 888.66 Cr (increased 22.37 % QoQ) and Profit during this Quarter was INR 117.68 Cr vs INr 84.30 Cr (growth of 39.59% QoQ)
Along with this some of the reputed fund houses like HDFC, Sundaram Mutual Fund, Franklin Templeton Mutual Fund, Vantage Equity Fund and well-known investors such as Ajay Upadyaya, Ashish Kacholia, and Ashish Agarwal having more than 1% stake in the company.
On the technical front, the share prices of KEI Industries Ltd is trading above important moving averages like the 50 EMA and marginally lower to its 200 EMA on the daily chart.
Considering the above mentioned factors, KEI Industries Ltd looks good at INR 365. Finblab recommends investing in the stock in staggered manner for medium to long term. (One can accumulate on decline also)
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