Financials KEI Industries Limited

Equities

KEI

INE878B01027

Electrical Components & Equipment

Delayed Bombay S.E. 04:31:26 2024-05-09 am EDT 5-day change 1st Jan Change
3,828 INR +1.39% Intraday chart for KEI Industries Limited -4.29% +17.58%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,591 21,287 46,967 113,929 153,282 340,684 - -
Enterprise Value (EV) 1 33,591 21,287 47,605 113,643 149,263 311,811 340,339 339,907
P/E ratio 18.6 x 8.62 x 17.3 x 30.4 x 32.1 x 53.8 x 46.8 x 38.2 x
Yield 0.28% 0.56% 0.38% 0.2% 0.18% 0.11% 0.13% 0.14%
Capitalization / Revenue 0.79 x 0.44 x 1.12 x 1.99 x 2.22 x 3.85 x 3.55 x 3 x
EV / Revenue 0.79 x 0.44 x 1.14 x 1.98 x 2.16 x 3.85 x 3.54 x 3 x
EV / EBITDA 7.6 x 4.29 x 10.3 x 19.3 x 21.1 x 37.2 x 32.6 x 26.4 x
EV / FCF 6.71 x -22.7 x 36.6 x 67.3 x 35.9 x -654 x -82.5 x 102 x
FCF Yield 14.9% -4.4% 2.73% 1.49% 2.79% -0.15% -1.21% 0.98%
Price to Book 4.31 x 1.44 x 2.66 x 5.34 x 5.92 x 10.8 x 8.84 x 7.19 x
Nbr of stocks (in thousands) 78,925 79,504 89,855 90,105 90,192 90,241 - -
Reference price 2 425.6 267.8 522.7 1,264 1,700 3,775 3,775 3,775
Announcement Date 5/21/19 5/30/20 5/29/21 5/9/22 5/2/23 5/2/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 42,270 48,843 41,815 57,266 69,123 81,041 96,090 113,404
EBITDA 1 4,422 4,960 4,605 5,887 7,062 8,375 10,430 12,870
EBIT 1 4,083 4,393 4,027 5,332 6,491 7,762 9,776 12,001
Operating Margin 9.66% 9% 9.63% 9.31% 9.39% 9.58% 10.17% 10.58%
Earnings before Tax (EBT) 1 2,793 3,267 3,654 5,077 6,420 7,813 9,784 12,068
Net income 1 1,819 2,551 2,733 3,762 4,774 5,811 7,287 8,963
Net margin 4.3% 5.22% 6.54% 6.57% 6.91% 7.17% 7.58% 7.9%
EPS 2 22.88 31.05 30.17 41.59 52.87 64.28 80.62 98.87
Free Cash Flow 1 5,003 -936.3 1,299 1,689 4,160 -517.2 -4,124 3,331
FCF margin 11.84% -1.92% 3.11% 2.95% 6.02% -0.64% -4.29% 2.94%
FCF Conversion (EBITDA) 113.13% - 28.21% 28.69% 58.9% - - 25.88%
FCF Conversion (Net income) 275.08% - 47.53% 44.9% 87.14% - - 37.16%
Dividend per Share 2 1.200 1.500 2.000 2.500 3.000 4.020 4.750 5.327
Announcement Date 5/21/19 5/30/20 5/29/21 5/9/22 5/2/23 5/2/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 11,529 12,463 10,176 13,534 15,638 17,917 15,654 16,081 17,843 19,545 17,826 18,586 20,806 22,841 21,296
EBITDA 1 - 1,336 1,416 1,137 1,462 1,568 1,719 1,596 1,606 1,822 2,038 1,783 1,944 2,203 2,403 2,290
EBIT - - - - - 1,431 1,580 1,457 1,461 1,678 - - 1,902 2,010 2,265 2,117
Operating Margin - - - - - 9.15% 8.82% 9.31% 9.09% 9.4% - - 10.23% 9.66% 9.92% 9.94%
Earnings before Tax (EBT) 1 - - - - 1,249 1,358 1,558 1,401 1,438 1,738 1,845 1,630 1,892 1,927 2,256 2,118
Net income 1 - 796 892.6 671.1 919.8 1,012 1,159 1,038 1,069 1,286 1,381 1,214 1,323 1,522 1,711 1,584
Net margin - 6.9% 7.16% 6.6% 6.8% 6.47% 6.47% 6.63% 6.65% 7.21% 7.07% 6.81% 7.12% 7.31% 7.49% 7.44%
EPS 2 11.49 8.760 9.850 7.410 10.17 11.19 12.81 11.47 11.85 14.23 15.28 13.43 14.00 16.76 18.70 17.60
Dividend per Share - - - - - - - - - - - - - - - -
Announcement Date 11/2/20 1/28/21 5/29/21 7/31/21 10/27/21 1/27/22 5/9/22 7/26/22 10/20/22 1/23/23 5/2/23 7/31/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - 637 - - - - -
Net Cash position 1 - - - 287 4,019 2,354 345 777
Leverage (Debt/EBITDA) - - 0.1384 x - - - - -
Free Cash Flow 1 5,003 -936 1,299 1,689 4,160 -517 -4,124 3,331
ROE (net income / shareholders' equity) 26.3% 22.3% 16.6% 19.2% 20.2% 20.3% 20.2% 20.1%
ROA (Net income/ Total Assets) 7.3% 8.46% 8.7% 11.5% - 14.9% 15.5% 16.5%
Assets 1 24,905 30,168 31,415 32,676 - 39,593 47,014 54,321
Book Value Per Share 2 98.70 186.0 196.0 237.0 287.0 350.0 427.0 525.0
Cash Flow per Share 2 - - - 17.00 56.90 39.30 56.40 68.00
Capex 1 1,223 805 240 597 979 4,098 7,301 3,751
Capex / Sales 2.89% 1.65% 0.57% 1.04% 1.42% 5.03% 7.6% 3.31%
Announcement Date 5/21/19 5/30/20 5/29/21 5/9/22 5/2/23 5/2/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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