KEC International Limited, a key subsidiary of the RPG Group, is a leading Indian multinational corporation specializing in Engineering, Procurement, and Construction (EPC) services across diverse infrastructure sectors, including power transmission, distribution, railways, and more. As India’s second-largest manufacturer of electric power transmission towers, KEC enjoys a formidable global presence in the EPC industry. The company, under the visionary leadership of Chairman Harsh Goenka, has demonstrated robust financial performance, reflecting its resilience and growth potential. Investors can capitalize on KEC International’s extensive experience and varied project portfolio to access the promising opportunities within the infrastructure and power sectors.
ABOUT KEC INTERNATIONAL
Founded by Ramji H. Kamani on 7th May 1945 as Kamani Engineering Corporation, KEC International Limited, headquartered in Worli, Mumbai, India, has since evolved into a global leader in the field of Engineering, Procurement, and Construction (EPC). Mr. Kamani’s entrepreneurial spirit and engineering acumen set the company on its path, which has grown to become a pivotal part of the RPG Group, a diversified conglomerate with interests spanning infrastructure, tires, information technology, pharmaceuticals, energy, and plantations. Under the leadership of Chairman Harsh Goenka and with a dedicated and dynamic team, KEC International plays a vital role in critical sectors such as power transmission, distribution, railways, and more. Its impressive global footprint and unwavering commitment to quality and innovation have solidified its position as a major player in the EPC industry, carrying forward the legacy of its founder.
Below are the trading platforms that you can use to purchase KEC International shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2023 | ₹719.40 | ₹654.00 |
| November 2023 | ₹705.29 | ₹641.18 |
| December 2023 | ₹728.57 | ₹662.34 |
Anticipated as a promising prospect for investors in 2023, KEC International showcases a trajectory of growth and value. Projections suggest an upward momentum, with expected maximum share prices ranging from ₹728.57 in December to ₹719.40 in October.
Even the minimum projected prices, ranging from ₹662.34 in December to ₹654.00 in October, signify a favorable scope for investment. These figures underscore the company’s resilience and potential to yield lucrative returns. Wise investors keen on capitalizing on a burgeoning market in the infrastructure sector may find KEC International a strategic choice for their portfolio, aligning with projected growth and financial gain.
| When | Maximum Price | Minimum Price |
| January 2024 | ₹743.44 | ₹646.47 |
| February 2024 | ₹758.61 | ₹659.66 |
| March 2024 | ₹774.09 | ₹673.12 |
| April 2024 | ₹751.55 | ₹653.52 |
| May 2024 | ₹740.44 | ₹643.86 |
| June 2024 | ₹767.09 | ₹667.04 |
| July 2024 | ₹759.42 | ₹660.37 |
| August 2024 | ₹789.80 | ₹686.78 |
| September 2024 | ₹821.39 | ₹714.25 |
| October 2024 | ₹805.29 | ₹700.25 |
| November 2024 | ₹829.45 | ₹721.26 |
| December 2024 | ₹850.18 | ₹739.29 |
In 2024, KEC International confidently offers astute investors a compelling opportunity with unwavering faith in the year ahead. Forecasts are unequivocal, projecting a consistent upward trajectory in share prices throughout the year. From a maximum of ₹850.18 in December to ₹646.47 in January, these figures signify the company’s robust growth and substantial potential for returns.
Even the minimum projected prices, ranging from ₹739.29 in December to ₹646.47 in January, underpin a strategically sound investment. As the infrastructure sector continues to flourish, KEC International beckons as a promising addition to investors’ portfolios, aligning seamlessly with their financial objectives and wealth accumulation.
|
When
|
Maximum Price | Minimum Price |
| January 2025 | ₹867.19 | ₹667.07 |
| February 2025 | ₹889.42 | ₹684.17 |
| March 2025 | ₹924.11 | ₹710.85 |
| April 2025 | ₹905.99 | ₹696.91 |
| May 2025 | ₹879.60 | ₹676.62 |
| June 2025 | ₹919.18 | ₹707.06 |
| July 2025 | ₹901.16 | ₹693.20 |
| August 2025 | ₹929.03 | ₹714.64 |
| September 2025 | ₹961.55 | ₹739.65 |
| October 2025 | ₹986.55 | ₹758.88 |
| November 2025 | ₹1,011.21 | ₹777.85 |
| December 2025 | ₹1,036.49 | ₹797.30 |
The outlook for KEC International in 2025 presents an appealing opportunity for astute investors, reflecting a promising trajectory of growth and financial gain. The projected share price range is indicative of the company’s potential to deliver substantial returns. Starting in January at ₹867.19 and culminating at a noteworthy ₹1,036.49 in December, the maximum share prices underscore a consistent upward momentum throughout the year. This impressive rise suggests the company’s robust position in the market, fueled by its operations in critical sectors such as power transmission and distribution.
Moreover, the projected minimum prices, varying from ₹667.07 in January to ₹797.30 in December, reinforce the notion of a strategically sound investment. These figures emphasize the company’s resilience and its capacity to generate substantial returns, aligning seamlessly with the growing demands of the infrastructure sector. KEC International’s impressive global footprint and dedication to quality and innovation solidify its position as a major player in the EPC industry.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹1,088.31 | ₹761.82 |
| 2027 | ₹1,197.15 | ₹838.00 |
| 2028 | ₹1,676.00 | ₹838.00 |
| 2029 | ₹1,451.09 | ₹725.54 |
| 2030 | ₹1,886.41 | ₹1,320.49 |
In the investment outlook for 2026 to 2030, KEC International is positioned as an exceptionally attractive opportunity. The projected share prices during this period suggest a notable growth trajectory, with maximum values escalating from ₹1,088.31 in 2026 to a remarkable ₹1,886.41 in 2030. Furthermore, even the projected minimum prices, spanning from ₹761.82 in 2026 to ₹1,320.49 in 2030, indicate significant potential for substantial returns.
KEC International’s solid presence in critical sectors such as power transmission, distribution, and railways, combined with its global reach, makes it a dependable candidate for consistent expansion. These projections underscore the company’s enduring value, rendering it an appealing choice for investors seeking long-term prosperity in the ever-evolving infrastructure sector. The data strongly supports the idea that KEC International is a wise addition to investment portfolios, aligning strategically with the dynamic landscape of infrastructure and offering a promising avenue for long-term financial growth.
FINANCIAL CONDITION OF KEC INTERNATIONAL: LAST 5 YEARS
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 11,001 | 11,965 | 13,114 | 13,742 | 17,282 |
| Expenses (Rs. Crores) | 9,764 | 10,635 | 11,874 | 12,742 | 16,334 |
| Operating Profit (Rs. Crores) | 1,237 | 1,330 | 1,240 | 1,001 | 948 |
| OPM % | 11% | 11% | 9% | 7% | 5% |
| Other Income (Rs. Crores) | 31 | 11 | 29 | -31 | 30 |
| Interest (Rs. Crores) | 398 | 403 | 360 | 413 | 656 |
| Depreciation (Rs. Crores) | 117 | 147 | 153 | 158 | 161 |
| Profit before Tax (Rs. Crores) | 753 | 790 | 756 | 399 | 161 |
| Tax % | 34% | 28% | 27% | 17% | -9% |
| Net Profit (Rs. Crores) | 496 | 566 | 553 | 332 | 176 |
| EPS (Rs.) | 19.28 | 22.00 | 21.50 | 12.92 | 6.85 |
| Dividend Payout % | 14% | 15% | 19% | 31% | 44% |
Over the past five years, KEC International exhibited significant shifts in its financial performance. Sales increased notably from Rs. 11,001 Crores in March 2019 to Rs. 17,282 Crores in March 2023, but rising expenses eroded profit margins. Operating profit as a percentage of sales (OPM %) declined from 11% to 5% during this period. Despite challenges, the company generated some income from non-operating activities.
Interest costs and depreciation remained stable, while profit before tax fluctuated. The tax rate dropped from 34% in 2019 to -9% in 2023, warranting investigation.
Net profit followed a downward trajectory, decreasing from Rs. 496 Crores in 2019 to Rs. 176 Crores in 2023. Earnings per share (EPS) also declined from Rs. 19.28 to Rs. 6.85. The rising dividend payout percentage, reaching 44% in 2023, showcases the company’s commitment to shareholders amid challenging financial conditions.
To summarize, KEC International has navigated a complex financial landscape over the last five years, marked by sales growth, escalating expenses, dwindling profit margins, and notable fluctuations in tax rates. The company’s adept handling of these challenges while upholding its dividend commitments underscores its unwavering commitment to its shareholders.
SHAREKHAN ON KEC INTERNATIONAL SHARE PRICE TARGET
Sharekhan recommends buying KEC International, setting a target of Rs 770.
FAQs
WHAT IS THE CURRENT SHARE PRICE OF KEC INTERNATIONAL
As of October 14, 2023, the share price of KEC International is around INR 654.
WHAT IS THE EXPECTED SHARE PRICE TARGET OF KEC INTERNATIONAL
According to diverse market analyses and expert assessments, KEC International’s anticipated share price target for 2023 is approximately INR 728.57. This valuation represents the consensus view among market experts and analysts.
It is unlikely for the share price of KEC International to reach INR 5000 by 2025. Such a target would require a massive and unrealistic growth rate.
As per our analysis, KEC International in 2025 is expected to trade in between ₹696.91 and ₹1,036.49.
As per our analysis, KEC International share price target for 2030 would be somewhere in between ₹1,320.49 and ₹1,886.41. The average target will be ₹1,603.45.
IS KEC INTERNATIONAL A GOOD STOCK TO BUY?
KEC International has a strong financial position, a well-diversified business model, and a proven track record of growth. Plus, the current P/E ratio has been on the lower end. Thus, it can be a good stock to buy for long-term investors.
Investing in KEC International shares involves typical investment risks, including exposure to market volatility, potential impacts of regulatory changes, and susceptibility to economic downturns. These factors can affect the performance and value of the shares.
WHAT ARE THE GROWTH PROSPECTS OF KEC INTERNATIONAL?
KEC International has a strong market position, a robust business strategy, and a diverse product portfolio, which can help the company to sustain its growth in the future.
Over the past five years, KEC International shares have shown a steady growth rate, with a compound profit growth rate (CAGR) of around 19%.
ALSO READ:
- Kotak Mahindra Bank Share Price Target 2023, 2024, 2025 to 2030
- HDFC Life Share Price Target 2023, 2024, 2025 to 2030: Can HDFC Life reach Rs. 1000?
- TEJAS NETWORKS SHARE PRICE TARGET 2023, 2024, 2025 TO 2030
CONCLUSION: SHOULD YOU INVEST IN KEC INTERNATIONAL IN OCTOBER 2023?
In conclusion, while KEC International exhibits growth potential, it also faces certain financial challenges such as declining profit margins, low-interest coverage, and fluctuations in the tax rate. The company’s healthy dividend payout is a positive factor and share price projections suggest potential growth.
However, the current Price-to-Earnings (P/E) ratio is 89.8 which reflects a relatively higher valuation.
Given these factors, it is advisable for investors to carefully evaluate their risk tolerance and conduct thorough research before making an investment decision in KEC International in October 2023. This decision should consider the company’s ability to address its financial challenges and the overall market conditions. Consulting with a financial advisor is recommended to make an informed investment choice.
What did we learn?
- 1 ABOUT KEC INTERNATIONAL
- 2 HOW TO PURCHASE KEC INTERNATIONAL SHARES?
- 3 KEC INTERNATIONAL SHARE PRICE TARGET: 2023 TO 2030
- 4 FINANCIAL CONDITION OF KEC INTERNATIONAL: LAST 5 YEARS
- 5 SHAREKHAN ON KEC INTERNATIONAL SHARE PRICE TARGET
- 6 FAQs
- 6.1 WHAT IS THE CURRENT SHARE PRICE OF KEC INTERNATIONAL?
- 6.2 WHAT IS THE EXPECTED SHARE PRICE TARGET OF KEC INTERNATIONAL BY 2023?
- 6.3 CAN KEC INTERNATIONAL SHARE PRICE REACH INR 5000 BY 2025?
- 6.4 WHAT IS KEC INTERNATIONAL’S SHARE PRICE TARGET FOR 2025?
- 6.5 WHAT IS KEC INTERNATIONAL’S SHARE PRICE TARGET FOR 2030?
- 6.6 IS KEC INTERNATIONAL A GOOD STOCK TO BUY?
- 6.7 WHAT ARE THE RISKS ASSOCIATED WITH INVESTING IN KEC INTERNATIONAL SHARES?
- 6.8 WHAT ARE THE GROWTH PROSPECTS OF KEC INTERNATIONAL?
- 6.9 WHAT IS THE HISTORICAL PERFORMANCE OF KEC INTERNATIONAL SHARES?
- 7 ALSO READ:
- 8 CONCLUSION: SHOULD YOU INVEST IN KEC INTERNATIONAL IN OCTOBER 2023?
