Infra Stock engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, and many more jumps upto 5 percent upon receiving new work orders worth Rs. 1,114 Crores.
Price Action
With a market capitalization of Rs. 27,955 Crores, the shares of KEC International Limited closed at Rs. 1,050.15 per equity share, up 5 percent from its previous day’s close price of Rs. 998.65.
What Happened
KEC International Limited a global infrastructure EPC major received new work orders across its various business vertices of Transmission & Distribution (T&D), Civil, Railways, and Cables for a consideration of Rs. 1114 Crores.
The work order involves the supply of towers, hardware, and poles in America and the construction of a 400kV transmission line in Oman, civil work of an industrial segment in India, Metro Overhead Electrification (OHE) works, and supply of various types of cables in India and overseas.
About the Company
KEC International Limited with a presence across 110+ countries, is engaged in providing Engineering, Procurement, and Construction (EPC) services across sectors like infrastructure, power transmission, distribution, railway, oil & gas, cables, and other EPC businesses KEC International Limited has an Order Book over ~Rs 34,088 Crores, of which, 55 percent are T&D Projects, 27 percent Civil, 11 percent Railways, 3 percent Renewables, 2 percent Oil & Gas, and the rest 2 percent cables.
Financials and Ratios
Its revenue from operations grew by 13.65 percent from Rs. 4,499 Crores in Q2FY24 to Rs. 5,113 Crores in Q2FY25, accompanied by profits of Rs. 56 Crores to Rs. 85 Crores. In terms of Return ratios, it has reported a return on equity (ROE) of 8.80 percent, and a return on capital employed (ROCE) of 16 percent. It has reported a debt-to-equity ratio of 0.85.
Written by: Bharath K.S
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