KEI Industries Q2 Results Review - Revenue Growth Guidance Maintained; Retaining A Hold: Anand Rathi

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.

Anand Rathi Report

Fluctuating copper prices dented KEI Industries Ltd.'s Q2 margins. The company retained its ~17% revenue growth guidance, with 10.5-11% Ebitda margin for FY25.

Growth would be driven by large capacity additions and a strong orderbook. The company has announced Rs 2 billion via QIP to fund the required capex, thereby avoiding the debt route.

We maintain our Hold rating as we roll over to FY27e earnings with a higher target price of Rs 4,796 (earlier Rs 4,771), 43 times FY27e earnings per share of Rs 95.4.

Click on the attachment to read the full report:

DISCLAIMER

This 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.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.