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This high quality small cap is reasonably valued

KEI Industries is sitting on an order book of close to Rs 2,951 crore, which is a good indicator of revenue visibility

August 11, 2020 / 01:26 PM IST
This high quality small cap is reasonably valued

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PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Jitendra Kumar Gupta Moneycontrol Research Highlights - KEI’s June quarter performance was affected by Covid-19 - Pressure seen in EPC business but cables support overall profitability - Growth to resume in second half of current fiscal and see a strong rebound next year - Trading at reasonable valuations of 9 times fiscal 2022 earnings KEI Industries (CMP: Rs 377 Mcap: Rs 3373 crore), which makes cables, stainless steel wire and undertakes EPC projects, has been hit by the lockdown. Large parts of its business were affected in the June quarter...

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