One of the Midcap stocks engaged in the manufacturing and supplies of electrical cables, including EHV, HT, and LT cables, serving various sectors in India and abroad. The stock has skyrocketed 10.84 percent after reporting a 19.81 percent YOY increase in revenue and a target of Rs. 5,041.
Stock Price Movement
In Thursday’s trading session, KEI Industries Limited’s share jumped to an intraday high of 10.84 percent from the previous close of Rs. 4,127.20. The stock opened at Rs. 4,108.80 and is currently trading at Rs. 4,486.75, with a high of Rs. 4,574.65 and a low of Rs. 4,104.05. The market capitalization now stands at approximately Rs. 42,872.06 crore.
Q3 FY25 Result Walkthrough
Coming into the quarterly results of KEI Industries Limited, the company’s consolidated revenue from operations increased by 19.81 percent YOY, from Rs. 2,059.37 crore in Q3 FY24 to Rs. 2,467.27 crore in Q3 FY25, and grew by 8.23 percent QoQ from Rs. 2,279.65 crore in Q2 FY25.
Further, the company’s EBIDT has increased by 12.09 percent, from Rs. 215 crore in Q3 FY24 to Rs. 241 crore in Q3 FY25.
In Q3 FY25, KEI Industries Limited’s consolidated net profit increased by 9.38 percent YOY, reaching Rs. 164.81 crore compared to Rs. 150.67 crore during the same period last year. As compared to Q2 FY25, the net profit has increased by 6.46 percent, from Rs. 154.81 crore.
The basic earnings per share increased by 7.01 percent and stood at Rs 17.87 as against Rs 16.70 recorded in the same quarter in the previous year 2024.
Also read…..
Target
Prabhudas Lilladher has given a “buy” rating to KEI Industries Limited, with a target price of Rs 5,041. This target price reflects a 22.14 percent potential upside from the stock’s previous day close of Rs. 4,127.20.
Rational for the Target
KEI Industries projects 19-20 percent volume growth for FY26, driven by capacity expansion and strong domestic/export demand, with an EBITDA margin target of 11 percent. While Q3FY25 saw robust growth in HT, LT cables, and housing wires, EPC/EHV revenues declined but are expected to recover by FY26.
Written by – Nikhil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
