Multibagger Stock: If you are looking for a better stock to invest then KEI Industries Limited (KEI Industries) can keep an eye on the shares of. The shares of this company have jumped three times in the last two years. Today on December 30, this stock closed at Rs 4347.50 on BSE with a gain of 0.38 percent. With this rise, the market cap of the company has increased to Rs 41541 crore. The stock’s 52-week high is Rs 5040.40 and 52-week low is Rs 2822.15.
Technicals of KEI Industries
Talking about technicals, the Relative Strength Index (RSI) of KEI Industries shares is at 53.5, which indicates that it is neither in the overbought nor oversold zone. The stock has a one-year beta of 0.8, which shows very low volatility over this period. The stock is trading above the moving averages of 5 days, 10 days, 20 days, 30 days, 50 days, 100 days and 200 days.
Brokerage Opinion on KEI Industries
Motilal Oswal Financial Services has given Buy rating to the shares of KEI Industries. He expects a rise of about 19% in the stock. The target price for the share is Rs 5150. “The company’s Revenue/EBITDA/EPS CAGR during FY25-27 is likely to be around 17%/24%/22%. Additionally, the company’s stock trades at valuations of 49x/40x on FY26E/FY27E EPS,” the brokerage said. “Is trading, which is attractive.”
However, the brokerage also highlighted some key risks, which include slowdown in government infrastructure projects, higher volatility in raw material prices, possibility of exports being impacted due to global factors and increased competition due to higher capacity addition in the sector.
Financials of KEI Industries
KEI Industries’ Q2 net profit rose 10.3 per cent to Rs 154.8 crore compared to Rs 140.3 crore in the same period last fiscal. Revenue increased 17.2% to Rs 2279.6 crore in the second quarter, compared to Rs 1945 crore a year ago. EBITDA margin declined from 10.42% year-on-year to 9.7% in the second quarter. EBIDTA increased by 9.1% to Rs 220.5 crore as against Rs 202.2 crore in Q2 last year.
KEI Industries business
KEI Industries is a leading electrical cable and wire manufacturing company in India. It manufactures high quality cables and wires to meet various industrial and domestic needs. Established in 1968, the company has become a trusted name in the power and energy sector.
The company is active in the field of manufacturing, sales and marketing of Power Cables and Wires. It manufactures a wide range of cables, including Low Tension (LT) cables, High Tension (HT) cables, Extra High Voltage (EHV) cables, Control and Instrumentation cables, Specialty cables, Elastomeric/Rubber cables, Submersible cables, Flexible and House Wires and winding wires are included.
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