KEI Industries Limited

Capital Goods · Industrial Products

NSE: KEI BSE: 517569

₹4455.00

Sept. 30, 2026 · NSE · nse_bhavcopy

Peers in Industrial Products

The largest companies in the same industry by market cap. This company ranks #6 of 335. PE, ROE, 1Y return and scores come from the daily/weekly precomputed snapshot.

Company	Market cap (₹ Cr)	PE (TTM)	ROE	1Y return	Div. yield	Quality	Valuation	Momentum
Cummins India Limited	131,947	57.8	27.9%	23.7%	1.39%	84	0	27
Polycab India Limited	120,900	43.0	22.3%	9.2%	0.59%	83	27	61
Welspun Corp Limited	71,672	81.9	17.2%	217.6%	0.18%	71	0	53
APL Apollo Tubes Limited	60,810	105.9	22.7%	26.5%	—	68	0	51
Supreme Industries Limited	43,837	46.5	15.5%	-17.6%	—	76	0	49
KEI Industries Limited (this stock)	42,590	42.7	13.8%	10.4%	0.10%	70	29	61
Astral Limited	36,816	56.6	13.2%	-0.4%	—	76	12	12
AIA Engineering Limited	36,106	27.9	15.8%	19.1%	0.41%	71	29	61

Valuation multiples

Current only. Market cap is the whole company's; sales/EBITDA are trailing-twelve-month standalone; debt and cash come from the latest filed standalone balance sheet (March 31, 2026). EBITDA = PBT + interest + depreciation.

Enterprise value

₹41,332 Cr

EV / EBITDA

27.5x

EV / Sales

3.35x

Market cap / Sales

3.45x

Earnings yield

2.34%

Quarterly Financials

Download CSV

Standalone Consolidated

↑ Positive

Quarterly Revenue

Jun 2026 quarterly revenue is Rs 3,205 Cr, up 21.9% YoY.

↑ Positive

Quarterly Net Profit

Jun 2026 quarterly net profit is Rs 274 Cr, up 40.0% YoY.

Period end	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)	Basic EPS
June 30, 2026	3,185	369	274	₹28.6800
March 31, 2026	3,476	377	284	₹29.7400
Dec. 31, 2025	2,955	315	235	₹24.5700
Sept. 30, 2025	2,726	277	204	₹21.3000
June 30, 2025	2,590	263	196	₹20.4900
March 31, 2025	2,915	305	227	₹23.7100
Dec. 31, 2024	2,467	221	165	₹17.8700
Sept. 30, 2024	2,280	208	155	₹17.1600
June 30, 2024	2,060	203	150	₹16.6500
March 31, 2024	2,319	227	169	₹18.7000
Dec. 31, 2023	2,062	202	151	₹16.7000
Sept. 30, 2023	1,947	188	140	₹15.5400
June 30, 2023	1,783	163	121	₹13.4600

Quarterly income statement (standalone, ₹ Cr)

Indicator	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23
Total income (before exceptional items)	3,205	3,519	2,989	2,769	2,630	2,952	2,481	2,297	2,078	2,334	2,074	1,954	1,791
Operating revenue	3,185	3,476	2,955	2,726	2,590	2,915	2,467	2,280	2,060	2,319	2,062	1,947	1,783
Other income	20	43	34	42	40	37	14	17	18	15	12	8	8
Operating expenses	2,790	3,095	2,635	2,457	2,332	2,614	2,226	2,059	1,846	2,075	1,845	1,743	1,604
Operating profit	396	382	320	269	258	301	241	221	215	245	217	204	178
Operating profit margin	12.4%	11.0%	10.8%	9.9%	10.0%	10.3%	9.8%	9.7%	10.4%	10.5%	10.5%	10.5%	10.0%
Depreciation	29	28	23	20	20	19	19	16	16	16	15	16	15
Interest	18	19	17	14	15	14	14	13	14	17	11	8	9
Exceptional items, gain / (loss)	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit before tax	369	377	315	277	263	305	221	208	203	227	202	188	163
Tax	95	93	80	74	67	79	56	53	52	59	52	48	42
Net profit	274	284	235	204	196	227	165	155	150	169	151	140	121
EPS	28.68	29.74	24.57	21.30	20.49	23.71	17.87	17.16	16.65	18.70	16.70	15.54	13.46
Net profit (TTM)	997	918	861	791	742	696	639	625	610	581	550	528	495
EPS (TTM)	104.29	96.10	90.07	83.37	79.23	75.39	70.38	69.21	67.59	64.40	61.01	58.57	54.89

Total income excludes exceptional items, which are shown on their own row. Trendlyne and Screener fold exceptional items into revenue or other income, so their totals differ from this table by exactly that row.

Annual Financials

Year ended	Revenue (₹ Cr)	PBT (₹ Cr)	Net profit (₹ Cr)
March 31, 2026	11,748	1,232	918
March 31, 2025	9,736	937	696
March 31, 2024	8,104	781	581
March 31, 2023	6,912	642	477

Annual income statement (standalone, ₹ Cr; CAGR to the latest year)

Indicator	CAGR 3Y	CAGR 5Y	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Total income (before exceptional items)	19.7%	23.2%	11,906^†	9,821^†	8,147^†	6,940^†	5,741^†	4,202^†	4,901^†	4,234^†	3,506^†	2,808^†
Operating revenue	19.3%	22.9%	11,748	9,736	8,104	6,912	5,727^†	4,181^†	4,884^†	4,227^†	3,496^†	2,797^†
Other income	—	—	159^†	85^†	43^†	28^†	15^†	20^†	16^†	7^†	9^†	10^†
Operating expenses	—	—	10,519^†	8,745^†	7,267^†	6,206^†	5,138^†	3,721^†	4,388^†	3,785^†	3,158^†	2,431^†
Operating profit	20.3%	21.7%	1,229^†	991^†	838^†	706^†	589^†	460^†	496^†	442^†	338^†	367^†
Operating profit margin	—	—	10.5%^†	10.2%^†	10.3%^†	10.2%^†	10.3%^†	11.0%^†	10.2%^†	10.5%^†	9.7%^†	13.1%^†
Depreciation	—	—	91^†	70^†	61^†	57^†	55^†	58^†	57^†	34^†	32^†	28^†
Interest	—	—	64^†	56^†	44^†	35^†	40^†	57^†	129^†	136^†	111^†	123^†
Exceptional items, gain / (loss)	—	—	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†	0^†
Profit before tax	24.3%	27.5%	1,232	937	781	642	508^†	365^†	327^†	279^†	204^†	134^†
Tax	—	—	314^†	241^†	200^†	165^†	132^†	92^†	72^†	97^†	60^†	35^†
Net profit	24.4%	27.4%	918	696	581	477	376^†	273^†	255^†	182^†	145^†	99^†
EPS	22.0%	25.8%	96.10^†	75.39^†	64.40^†	52.95^†	41.80^†	30.46^†	31.62^†	—	—	—

^† Derived: the sum of that fiscal year's four quarterly filings (a real annual filing is used wherever one exists). Checked against filed annual figures, the sum lands within 0.5% for about 94% of company-years.

Annual ratios (standalone)

Ratio	Mar 26	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18	Mar 17
Operating margin	10.5%^†	10.2%^†	10.3%^†	10.2%^†	10.3%^†	11.0%^†	10.2%^†	10.5%^†	9.7%^†	13.1%^†
EBIT margin	11.0%^†	10.2%^†	10.2%^†	9.8%^†	9.6%^†	10.1%^†	9.3%^†	9.8%^†	9.0%^†	9.2%^†
PBT margin	10.5%	9.6%	9.6%	9.3%	8.9%^†	8.7%^†	6.7%^†	6.6%^†	5.8%^†	4.8%^†
Net margin	7.8%	7.2%	7.2%	6.9%	6.6%^†	6.5%^†	5.2%^†	4.3%^†	4.1%^†	3.5%^†
Interest coverage	20.22x^†	17.84x^†	18.79x^†	19.50x^†	13.57x^†	7.38x^†	3.53x^†	3.05x^†	2.83x^†	2.09x^†
Dividend payout	4.7%^†	5.3%^†	5.4%^†	5.7%^†	6.0%^†	6.6%^†	8.5%^†	—	—	—
Earnings retention	95.3%^†	94.7%^†	94.6%^†	94.3%^†	94.0%^†	93.4%^†	91.5%^†	—	—	—
Current ratio	2.96x	4.18x	—	—	—	—	—	—	—	—
Quick ratio	1.81x	2.90x	—	—	—	—	—	—	—	—
Debt to equity	0.03x	0.03x	—	—	—	—	—	—	—	—
Return on equity	13.8%	12.0%	—	—	—	—	—	—	—	—
Return on assets	10.3%	9.6%	—	—	—	—	—	—	—	—
Return on capital employed	18.8%^†	16.9%^†	—	—	—	—	—	—	—	—
Asset turnover	1.31x	1.35x	—	—	—	—	—	—	—	—

Margins and asset turnover use operating revenue (interest earned for banks, excluding other income), not total income. Liquidity, leverage and return ratios need a filed standalone balance sheet, which exists only for recent years; returns use year-end equity/assets. Dividend payout is shown only for companies with a dividend record. † = built from a summed fiscal year.

Revenue Mix

Data unavailable.

Cash Flow

Year ended	Operating (₹ Cr)	Investing (₹ Cr)	Financing (₹ Cr)	Capex (₹ Cr)	Free Cash Flow (₹ Cr)
March 31, 2026	840	-350	-98	1,132	-292
March 31, 2025	-32	-1,501	1,919	691	-723
March 31, 2024	611	-353	-72	255	355
March 31, 2023	514	-137	-256	76	438
March 31, 2022	229	-58	-31	60	169

Balance Sheet (standalone)

Year ended	Total Assets (₹ Cr)	Total Equity (₹ Cr)	Reserves (₹ Cr)	Borrowings, Current (₹ Cr)	Borrowings, Non-current (₹ Cr)	Current Assets (₹ Cr)	Current Liabilities (₹ Cr)	Cash & Equivalents (₹ Cr)	Net Block (₹ Cr)	Inventory (₹ Cr)
March 31, 2026	8,956	6,665	6,646	186	0	6,157	2,078	1,444	1,307	2,401
March 31, 2025	7,235	5,786	5,767	178	0	5,635	1,348	1,052	756	1,730
March 31, 2024	—	—	—	—	—	—	—	—	—	—
March 31, 2023	—	—	—	—	—	—	—	—	—	—
March 31, 2022	—	—	—	—	—	—	—	—	—	—

Financial charts

Trend charts drawn from the standalone income-statement and ratio tables above (oldest year on the left); a gap means that period has no figure. Annual years marked † in the tables are derived from four quarters.