KEC International Q1 Results Review - Decent Quarter; Healthy Order Intake: Prabhudas Lilladher

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We revise our earning per share by -0.6%/3.0% FY25/26E factoring in better margin profile and revenue visibility owing to healthy order intake. KEC International Ltd. reported decent revenue growth of 6.3% YoY, while Ebitda margin expanded by 23 basis points YoY to 6.0%. Domestic transmission and distribution outlook remains robust led by energy transition.T&D pipeline in the Middle East is strong, while healthy opportunities exist in Bangladesh, Latin America, CIS and Australia. Cables and conductors business is seeing increased traction and better profitability.KEC is improving capabilities in renewables to position itself to win additional orders. Meanwhile, civil business faced challenges due to labor shortages, leading to a conservative order booking approach as the management focuses on optimizing working capital.We remain positive on KEC for the long term given itsstrong order book,healthy execution momentum,robust T&D outlook, especially in renewable energy, andgrowing Cables business.The stock is currently trading at a price to earning of 28.5 times/16.9 times FY25/26E earnings.We maintain ‘Hold’ rating with a revised target price of Rs 880 (Rs 750 earlier), valuing the stock at a price to earning of 17 times FY26E (15 times FY26E earlier) given strong revenue visibility and improving margin profile..Click on the attachment to read the full report:.Shaily Engineering Q1 Results Review- Strong Order Book, Robust Pipeline To Accelerate Performance: Systematix.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KEC International Q1 Results Review - Decent Quarter; Healthy Order Intake: Prabhudas Lilladher

The brokerage remains positive on KEC for the long term given it's strong order book, healthy execution momentum, robust T&D outlook and growing cables business.

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KEC International Q1 Results Review - Decent Quarter; Healthy Order Intake: Prabhudas Lilladher

The brokerage remains positive on KEC for the long term given it's strong order book, healthy execution momentum, robust T&D outlook and growing cables business.

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