Synopsis:
KEC International won ₹1,509 crores in orders across transmission, cables, and the Kavach train safety system in India and abroad.
The shares of an Infra company, specializing in global infrastructure engineering, procurement, and construction (EPC) projects, are in focus upon receiving new orders totaling Rs. 1,509 Crores across multiple sectors.
With a market capitalization of Rs. 23,078.21 crores on Wednesday, the shares of KEC International Limited jumped upto 1.3 percent, making a high of Rs. 872.00 per share compared to its previous closing price of Rs. 860.45 per share.
KEC International Limited, engaged in global infrastructure engineering, procurement, and construction (EPC) projects, has received new orders totaling Rs. 1,509 Crores across multiple sectors.
Here is the List of orders in various sectors
Transmission & Distribution (T&D):
KEC International has secured significant T&D orders both in India and internationally. These include a 400 kV Quad Transmission line project in India and 500/400/220 kV overhead transmission lines in overseas markets. Additionally, the company will supply towers, hardware, and poles to clients in the Americas and the Middle East.
Transportation
In the transportation sector, the company has won a notable order under a joint venture for the Train Collision Avoidance System (TCAS), also known as Kavach. This system is a key safety initiative in Indian Railways aimed at preventing train accidents.
Cables & Conductors
The cables business has bagged multiple orders for supplying various types of cables and conductors. These orders are spread across both domestic and international markets, strengthening KEC’s position in this segment.
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd, commented: “ We are delighted by the order wins secured across our businesses, including a significant international order that expands our global T&D footprint. We are also enthused by a repeat order from a private developer, strengthening our presence in the domestic T&D market. Our Transportation business has further bolstered its order book in the prestigious TCAS segment (‘Kavach’), aimed at enhancing Indian Railways’ safety through world-class technology. With these wins, our YTD order intake exceeds Rs. 7,000 crores ”.
Financials & Others
The company’s revenue rose by 10.3 percent from Rs. 4,555.02 crore to Rs. 5,028.27 crore in Q1FY25-26. Meanwhile, the Net profit rose from Rs. 87.58 crore to Rs. 124.6 crore during the same period.
The company has a P/E ratio of 37.69, lower than the industry average of 66.48, and a PEG ratio of 0.76, indicating potential undervaluation. It maintains a low debt-to-equity ratio of 0.74 and has delivered strong net profit growth of 48.01% over the last three years.
In Q1 FY26, the T&D segment of the company reported strong order intake of over Rs. 3,200 Cr across India, the Middle East, and the Americas. It initiated capacity expansion at the Butibori tower facility and holds a robust order and L1 pipeline of ~Rs. 26,000 Cr. In the Civil segment, revenues stood at Rs. 940 Cr despite execution challenges, supported by an order inflow of Rs. 2,100 Cr+ and a strong pipeline of Rs. 10,000 Cr+.
The Renewables business grew 87% YoY to Rs. 136 Cr, with large solar projects underway and bids in Solar, Wind, and BESS. The Cables segment earned Rs. 383 Cr, with a new aluminium conductor plant commissioned and capacity expansion ongoing.
Transportation revenues reached Rs. 471 Cr, with ongoing Kavach projects and a focus on project execution and collections. In Oil & Gas, the company secured a second international order and is prioritizing global markets due to intense domestic competition.
As of YTD FY26, the company’s total order book stands at Rs 34,409 Cr, with 60% from T&D, 28% from Civil, 9% from Transportation, and 1% each from Cables, Renewables, and Oil & Gas.
Written by Sridhar J
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