Sharekhan's research report on KEI Industries
The domestic demand environment continues to be robust across its customer base. Exports contribution in total sales would increase gradually as the company gains foothold in countries such as the U.S. Retail contribution to sales is increasing consistently, which has improved its working capital cycle and margins. We like KEI for its strong position in the organised W&C industry, increasing retail presence, debt-free status, healthy cash, and strong return ratios.
Outlook
KEI Industries Limited’s (KEI) management stated that capex plans for EHV and LT cables are well on track to aid revenue CAGR of 17-18%. The company would incur total capex of Rs. 400 crore in FY2024.
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