KEI Industries Ltd.
KEIIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
18 transcript(s)/analyst meet(s) served; 4 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (1 of 18 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20220513 | 2022-03-31 | yes | |
| COVER_LETTER | 20220727 | 2022-06-30 | no | |
| TRANSCRIPT | 20220802 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221028 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230127 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230508 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230808 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231108 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240116 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240201 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240509 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240806 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241022 | 2024-09-30 | yes | |
| DUPLICATE | 20241022 | 2024-09-30 | no | |
| TRANSCRIPT | 20250128 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250514 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250729 | 2025-06-30 | yes | |
| DUPLICATE | 20250729 | 2025-06-30 | no | |
| TRANSCRIPT | 20251019 | 2025-09-30 | yes | |
| DUPLICATE | 20251019 | 2025-09-30 | no | |
| TRANSCRIPT | 20260129 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260512 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260810 | 2026-06-30 | yes |
KEI
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 4,636.50 |
| 52-week range | 3805.2 – 5873.0 |
| Return 1M | -17.03% |
| Return 3M | -11.99% |
| Return 1Y | 13.66% |
| Return 3Y | 91.96% |
| Return 5Y | 373.5% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 3,185.00 |
| Other income | 20.00 |
| Total income | 3,205.00 |
| Cost of materials consumed | 2,987.00 |
| Purchases of stock-in-trade | 1.00 |
| Changes in inventories | -605.00 |
| Employee benefit expense | 104.00 |
| Finance costs | 18.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.35 | 0.00 |
| institutions foreign | 0.27 | 0.00 |
| institutions domestic | 0.26 | 0.00 |
| mutual funds | 0.23 | 0.00 |
| public | 0.65 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| COVER_LETTER | 2022-06-30 | 1 |
| DUPLICATE | 2025-09-30 | 3 |
| TRANSCRIPT | 2026-06-30 | 19 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,608.00 | 1,784.00 | 1,955.00 | 1,783.00 | 1,947.00 | 2,062.00 | 2,319.00 | 2,060.00 | 2,280.00 | 2,467.00 | 2,915.00 | 2,590.00 | 2,726.00 | 2,955.00 | 3,476.00 | 3,185.00 |
| Other income | 5.00 | 14.00 | 5.00 | 8.00 | 8.00 | 12.00 | 15.00 | 18.00 | 17.00 | 14.00 | 37.00 | 40.00 | 42.00 | 34.00 | 43.00 | 20.00 |
| Total income | 1,613.00 | 1,798.00 | 1,960.00 | 1,791.00 | 1,954.00 | 2,074.00 | 2,334.00 | 2,078.00 | 2,297.00 | 2,481.00 | 2,952.00 | 2,630.00 | 2,769.00 | 2,989.00 | 3,519.00 | 3,205.00 |
| Cost of materials consumed | 1,191.00 | 1,362.00 | 1,415.00 | 1,431.00 | 1,538.00 | 1,553.00 | 1,639.00 | 1,775.00 | 1,869.00 | 1,948.00 | 2,197.00 | 2,074.00 | 2,213.00 | 2,284.00 | 2,731.00 | 2,987.00 |
| Purchases of stock-in-trade | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 | 0.00 | 2.00 | 2.00 | 1.00 | 0.00 | 22.00 | 0.00 | 0.00 | 1.00 |
| Changes in inventories | 17.00 | -18.00 | 28.00 | -97.00 | -83.00 | -5.00 | 97.00 | -255.00 | -140.00 | -63.00 | 28.00 | -101.00 | -163.00 | -62.00 | -132.00 | -605.00 |
| Employee benefit expense | 51.00 | 59.00 | 66.00 | 65.00 | 66.00 | 66.00 | 70.00 | 73.00 | 74.00 | 75.00 | 82.00 | 85.00 | 86.00 | 100.00 | 101.00 | 104.00 |
| Finance costs | 8.00 | 8.00 | 10.00 | 9.00 | 8.00 | 11.00 | 17.00 | 14.00 | 13.00 | 14.00 | 14.00 | 15.00 | 14.00 | 17.00 | 19.00 | 18.00 |
| Depreciation and amortisation | 14.00 | 14.00 | 14.00 | 15.00 | 16.00 | 15.00 | 16.00 | 16.00 | 16.00 | 19.00 | 19.00 | 20.00 | 20.00 | 23.00 | 28.00 | 29.00 |
| Other expenses | 188.00 | 198.00 | 242.00 | 205.00 | 221.00 | 229.00 | 267.00 | 253.00 | 254.00 | 264.00 | 306.00 | 274.00 | 298.00 | 313.00 | 395.00 | 303.00 |
| Total expenses | 1,470.00 | 1,624.00 | 1,775.00 | 1,628.00 | 1,766.00 | 1,871.00 | 2,107.00 | 1,876.00 | 2,089.00 | 2,260.00 | 2,647.00 | 2,367.00 | 2,491.00 | 2,674.00 | 3,142.00 | 2,836.00 |
| Profit before exceptional items and tax | 144.00 | 174.00 | 184.00 | 163.00 | 188.00 | 202.00 | 227.00 | 203.00 | 208.00 | 221.00 | 305.00 | 263.00 | 277.00 | 315.00 | 377.00 | 369.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 144.00 | 174.00 | 184.00 | 163.00 | 188.00 | 202.00 | 227.00 | 203.00 | 208.00 | 221.00 | 305.00 | 263.00 | 277.00 | 315.00 | 377.00 | 369.00 |
| Current tax | 37.00 | 46.00 | 48.00 | 41.00 | 48.00 | 54.00 | 56.00 | 52.00 | 50.00 | 55.00 | 73.00 | 67.00 | 74.00 | 76.00 | 105.00 | 90.00 |
| Deferred tax | 0.00 | -1.00 | -1.00 | 1.00 | 0.00 | -2.00 | 2.00 | 0.00 | 3.00 | 1.00 | 5.00 | 1.00 | -0.00 | 4.00 | -12.00 | 5.00 |
| Tax expense | 37.00 | 45.00 | 46.00 | 42.00 | 48.00 | 52.00 | 59.00 | 52.00 | 53.00 | 56.00 | 79.00 | 67.00 | 74.00 | 80.00 | 93.00 | 95.00 |
| Profit for the period | 107.00 | 129.00 | 138.00 | 121.00 | 140.00 | 151.00 | 168.00 | 150.00 | 155.00 | 165.00 | 227.00 | 196.00 | 204.00 | 235.00 | 284.00 | 274.00 |
| Profit attributable to owners | 107.00 | 129.00 | 138.00 | 121.00 | 140.00 | 151.00 | 168.00 | 150.00 | 155.00 | 165.00 | 227.00 | 196.00 | 204.00 | 235.00 | 284.00 | 274.00 |
| Profit attributable to non-controlling interests | -0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other comprehensive income | 0.00 | 0.00 | -1.00 | -0.00 | 0.00 | 0.00 | -2.00 | 0.00 | 0.00 | -0.00 | -4.00 | 0.00 | -0.00 | -4.00 | 4.00 | 1.00 |
| Total comprehensive income | 107.00 | 129.00 | 137.00 | 121.00 | 140.00 | 151.00 | 167.00 | 151.00 | 155.00 | 165.00 | 223.00 | 196.00 | 203.00 | 231.00 | 288.00 | 275.00 |
| Earnings per share, basic | 11.86 | 14.26 | 15.31 | 13.46 | 15.54 | 16.70 | 18.67 | 16.65 | 17.16 | 17.87 | 23.71 | 20.49 | 21.30 | 24.57 | 29.74 | 28.68 |
| Earnings per share, diluted | 11.85 | 14.23 | 15.28 | 13.43 | 15.51 | 16.67 | 18.64 | 16.62 | 17.13 | 17.85 | 23.69 | 20.47 | 21.28 | 24.55 | 29.72 | 28.66 |
Annual results, as filed
| Line | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|
| Revenue from operations | 4,888.00 | 4,182.00 | 5,727.00 | 6,912.00 | 8,104.00 | 9,736.00 | 11,748.00 |
| Other income | 17.00 | 20.00 | 15.00 | 28.00 | 49.00 | 72.00 | 159.00 |
| Total income | 4,904.00 | 4,202.00 | 5,741.00 | 6,940.00 | 8,153.00 | 9,808.00 | 11,906.00 |
| Cost of materials consumed | 3,503.00 | 2,794.00 | 4,539.00 | 5,163.00 | 6,161.00 | 7,788.00 | 9,301.00 |
| Purchases of stock-in-trade | 12.00 | 11.00 | 1.00 | 1.00 | 4.00 | 4.00 | 23.00 |
| Changes in inventories | -133.00 | 105.00 | -326.00 | 8.00 | -88.00 | -431.00 | -457.00 |
| Employee benefit expense | 228.00 | 185.00 | 201.00 | 232.00 | 267.00 | 304.00 | 372.00 |
| Finance costs | 129.00 | 57.00 | 40.00 | 35.00 | 44.00 | 56.00 | 64.00 |
| Depreciation and amortisation | 57.00 | 58.00 | 55.00 | 57.00 | 61.00 | 70.00 | 91.00 |
| Other expenses | 781.00 | 626.00 | 723.00 | 802.00 | 922.00 | 1,079.00 | 1,280.00 |
| Total expenses | 4,577.00 | 3,836.00 | 5,234.00 | 6,298.00 | 7,372.00 | 8,871.00 | 10,674.00 |
| Profit before exceptional items and tax | 328.00 | 365.00 | 507.00 | 642.00 | 781.00 | 937.00 | 1,232.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Profit before tax | 328.00 | 365.00 | 507.00 | 642.00 | 781.00 | 937.00 | 1,232.00 |
| Current tax | 85.00 | 94.00 | 131.00 | 167.00 | 199.00 | 231.00 | 321.00 |
| Deferred tax | -14.00 | -2.00 | 0.00 | -2.00 | 1.00 | 9.00 | -8.00 |
| Tax expense | 72.00 | 92.00 | 132.00 | 165.00 | 200.00 | 241.00 | 314.00 |
| Profit for the period | 256.00 | 273.00 | 376.00 | 477.00 | 581.00 | 696.00 | 918.00 |
| Profit attributable to owners | 256.00 | 273.00 | 376.00 | 477.00 | 581.00 | 696.00 | 918.00 |
| Profit attributable to non-controlling interests | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | 0.00 |
| Other comprehensive income | -1.00 | 1.00 | 1.00 | -0.00 | -2.00 | -3.00 | 0.00 |
| Total comprehensive income | 255.00 | 274.00 | 377.00 | 477.00 | 579.00 | 693.00 | 919.00 |
| Earnings per share, basic | 31.65 | 30.47 | 41.77 | 52.94 | 64.37 | 75.65 | 96.09 |
| Earnings per share, diluted | 31.19 | 30.18 | 41.56 | 52.86 | 64.25 | 75.55 | 96.02 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 3,284.00 | 3,770.00 | 4,098.00 | 4,656.00 | 4,943.00 | 7,235.00 | 8,008.00 | 8,956.00 |
| Non-current assets | 564.00 | 609.00 | 808.00 | 959.00 | 1,245.00 | 1,600.00 | 2,342.00 | 2,799.00 |
| Current assets | 2,720.00 | 3,161.00 | 3,290.00 | 3,697.00 | 3,697.00 | 5,635.00 | 5,666.00 | 6,157.00 |
| Property, plant and equipment | 474.00 | 484.00 | 499.00 | 541.00 | 714.00 | 756.00 | 754.00 | 1,307.00 |
| Capital work-in-progress | 5.00 | 15.00 | 39.00 | 121.00 | 138.00 | 385.00 | 1,051.00 | 1,002.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Inventories | 1,071.00 | 1,102.00 | 1,346.00 | 1,343.00 | 1,763.00 | 1,730.00 | 2,106.00 | 2,401.00 |
| Trade receivables | 1,084.00 | 1,388.00 | 1,284.00 | 1,518.00 | 1,495.00 | 1,797.00 | 1,663.00 | 1,842.00 |
| Cash and cash equivalents | 401.00 | 480.00 | 450.00 | 666.00 | 244.00 | 1,052.00 | 1,212.00 | 1,444.00 |
| Total equity and liabilities | 3,284.00 | 3,770.00 | 4,098.00 | 4,656.00 | 4,943.00 | 7,235.00 | 8,008.00 | 8,956.00 |
| Equity | 2,344.00 | 2,589.00 | 2,858.00 | 3,148.00 | 3,458.00 | 5,786.00 | 6,188.00 | 6,665.00 |
| Equity share capital | 18.00 | 18.00 | 18.00 | 18.00 | 18.00 | 19.00 | 19.00 | 19.00 |
| Other equity | 2,326.00 | 2,571.00 | 2,840.00 | 3,130.00 | 3,440.00 | 5,767.00 | 6,169.00 | 6,646.00 |
| Total liabilities | 940.00 | 1,181.00 | 1,239.00 | 1,508.00 | 1,485.00 | 1,449.00 | 1,820.00 | 2,291.00 |
| Non-current liabilities | 61.00 | 63.00 | 72.00 | 77.00 | 192.00 | 101.00 | 194.00 | 213.00 |
| Current liabilities | 879.00 | 1,118.00 | 1,168.00 | 1,431.00 | 1,293.00 | 1,348.00 | 1,626.00 | 2,078.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 99.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 159.00 | 135.00 | 159.00 | 134.00 | 215.00 | 178.00 | 177.00 | 186.00 |
| Trade payables | 516.00 | 748.00 | 767.00 | 1,008.00 | 839.00 | 779.00 | 1,077.00 | 1,335.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 264.00 | 514.00 | 115.00 | 611.00 | -308.00 | -32.00 | 383.00 | 840.00 |
| Net cash from investing activities | -35.00 | -137.00 | -154.00 | -353.00 | -265.00 | -1,501.00 | -194.00 | -350.00 |
| Net cash from financing activities | -187.00 | -256.00 | 9.00 | -72.00 | 150.00 | 1,919.00 | -29.00 | -98.00 |
| Purchase of property, plant and equipment | 26.00 | 76.00 | 221.00 | 255.00 | 311.00 | 691.00 | 759.00 | 1,132.00 |
| Net increase in cash | 42.00 | 121.00 | -30.00 | 186.00 | -422.00 | 386.00 | 160.00 | 392.00 |
| con:CFO.BEFORE_TAX | 333.00 | 673.00 | 195.00 | 792.00 | -220.00 | 190.00 | 529.00 | 1,135.00 |
| con:INTEREST_RECEIVED.OPERATING | -6.00 | -17.00 | -10.00 | -21.00 | -13.00 | -52.00 | -52.00 | -90.00 |
| con:INTEREST_PAID.OPERATING | -17.00 | -35.00 | -16.00 | -44.00 | -27.00 | -56.00 | -29.00 | -64.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| con:TAX_PAID.OPERATING | 80.00 | 178.00 | 87.00 | 205.00 | 101.00 | 226.00 | 122.00 | 269.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 1.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 3.00 | 1.00 | 2.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-11-28 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 37.10 | 37.08 | 37.08 | 37.08 | 37.08 | 37.06 | 35.02 | 35.02 | 35.02 | 35.02 | 0.35 | 0.35 | 0.35 | 0.35 |
| Domestic institutions | 19.55 | 17.65 | 16.05 | 16.31 | 16.55 | 16.01 | 20.58 | 20.72 | 23.51 | 25.63 | 0.27 | 0.27 | 0.26 | 0.26 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 23.71 | 0.25 | 0.24 | 0.22 | 0.23 |
| Insurance companies | 2.09 | 2.04 | 1.40 | 1.58 | 1.54 | 1.42 | 1.63 | 1.54 | 1.34 | 1.55 | 0.01 | 0.02 | 0.03 | 0.03 |
| Foreign institutions | 27.67 | 29.57 | 30.96 | 31.01 | 30.76 | 31.10 | 28.94 | 29.75 | 25.83 | 26.59 | 0.26 | 0.25 | 0.27 | 0.27 |
| Government | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 62.90 | 62.92 | 62.92 | 62.92 | 62.92 | 62.94 | 64.98 | 64.98 | 64.98 | 64.98 | 0.65 | 0.65 | 0.65 | 0.65 |
| Non-institutional | 15.68 | 15.70 | 15.91 | 15.61 | 15.61 | 15.83 | 15.46 | 14.51 | 15.64 | 12.76 | 0.12 | 0.12 | 0.12 | 0.12 |
| Shares outstanding | 90192438 | 90241438 | 90241438 | 90241438 | 90241438 | 90289438 | 95552595 | 95552595 | 95552595 | 95552595 | 95600595 | 95600595 | 95600595 | 95600595 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Shri Anil Gupta | Key management personnel of entity | Any other transaction | 216,270,000.00 | 1 |
| Shri Rajeev Gupta | Key management personnel of entity | Any other transaction | 11,860,000.00 | 4 |
| Shri Sunil Gupta | Other Related Party | Any other transaction | 11,130,000.00 | 1 |
| Shri Akshit Diviaj Gupta | Key management personnel of entity | Any other transaction | 5,270,000.00 | 5 |
| Shri Kishore Kunal | Key management personnel of entity | Any other transaction, Loan | 5,250,000.00 | 6 |
| Soubhagya Agency Private Limited | Other Related Party | Any other transaction | 5,040,000.00 | 2 |
| Projection Financial & Management Consultants Private Li | Other Related Party | Any other transaction | 4,220,000.00 | 2 |
| KEI Cables Australia Pty Limited | Subsidiary | Any other transaction | 3,390,000.00 | 2 |
| Smt. Vedika Gupta | Other Related Party | Any other transaction | 2,250,000.00 | 3 |
| Shri Pawan Bholusaria | Key management personnel of entity | Any other transaction | 1,130,000.00 | 2 |
| Dhan Versha Agency Private Limited | Other Related Party | Any other transaction | 1,060,000.00 | 1 |
| Shri Vikram Bhartia | Key management personnel of entity | Any other transaction | 930,000.00 | 2 |
| Smt. Archana Gupta | Key management personnel of entity | Any other transaction | 810,000.00 | 3 |
| Shri Vijay Bhushan | Key management personnel of entity | Any other transaction | 730,000.00 | 2 |
| Shri Sadhu Ram Bansal | Key management personnel of entity | Any other transaction | 620,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-01-29 | Q3FY26 | EQUITIES | Read the call |
| 2025-10-19 | Q2FY26 | DIRECTOR –KEI INDUSTRIES LIMITED, EQUITIES | Read the call |
| 2025-07-29 | Q1FY26 | DIRECTOR –KEI INDUSTRIES LIMITED, EQUITIES | Read the call |
| 2025-05-14 | Q4FY25 | DIRECTOR, KEI INDUSTRIES LIMITED., EQUITIES | Read the call |
| 2025-01-28 | Q3FY25 | EQUITIES | Read the call |
| 2024-10-22 | Q2FY25 | KEI INDUSTRIES LIMITED | Read the call |
| 2024-08-06 | Q1FY25 | DIRECTOR –KEI INDUSTRIES LIMITED, KEI INDUSTRIES LIMITED | Read the call |
| 2024-05-09 | Q4FY24 | KEI INDUSTRIES LIMITED | Read the call |
| 2024-02-01 | Q3FY24 | KEI INDUSTRIES LIMITED | Read the call |
| 2023-11-08 | Q2FY24 | DIRECTOR –KEI INDUSTRIES LIMITED, KEI INDUSTRIES LIMITED | Read the call |
| 2023-08-08 | Q1FY24 | KEI INDUSTRIES LIMITED | Read the call |
| 2023-05-08 | Q4FY23 | KEI INDUSTRIES LIMITED | Read the call |
| 2023-01-27 | Q3FY23 | KEI INDUSTRIES LIMITED | Read the call |
| 2022-10-28 | Q2FY23 | Read the call | |
| 2022-08-02 | Q1FY23 | KE] Industries Limited, LIMITED, So, you, is also, outlook? | Read the call |
| 2022-05-13 | Q4FY22 | Read the call |
Some earlier announcements under this heading are covering letters only — no transcript was attached.
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 |
|---|---|---|---|---|---|---|---|---|
| Capex | January 24, 2023 Future outlook, as communicated earlier, working capital of approximately INR 100 crores is expected to be released during FY '23 fro… | During 9 months, company has incurred a capital expenditure of approximately INR308 crores. | During 9 months period, company has incurred capital expenditure of -- capital expenditure payment of INR426 crores; out of this, Sanand INR252 crores… | During 9-month period, company has incurred a total capital expenditure of INR928 crores. | 2022-2023 capex will be in the range of Rs.150 to 200 Crores. | And whatever cash accruals will be there, it will be used for capex for future growth and additional working capital. | During the year, the company has incurred a total capital expenditure of approximately INR397 crores, in which, Chinchpada, Silvassa INR84 crores; Pat… | If you can give the CAPEX number for ‘26-27, would be helpful. |
| Capital allocation | — | — | So, we have already -- in acquisition of the land at Baroda, wherein we bought a good size of land, almost 60-acre land we have accumulated. | — | Good to hear that, and with company turning net cash can investors expect increased the dividend payout ratios in coming years. | — | — | — |
| Costs | Sir, just one question in this volatile environment of raw material prices of copper, etcetera. | Anything from a raw material perspective? | The benefit of this is reflected purely in interest cost savings. | So assuming that 50% or rather 40% of your entire raw material cost is metal cost and you are exporting approximately 20%, so that's naturally hedged. | See earlier also we were in the range of 10.5% to 11% and last year we achieved 11% but in 2021-2022 we achieved 10.5% mainly because of the inflation… | And in terms of raw materials, so basically, what kind of decrease in costs have we seen on a Q-o-Q basis? | And projects which are being constructed or nobody can install it for the want of raw material for more than a month or so. | LME prices will not settle in the margins and LME prices, if they are high, they can increase the sale value, but margins are quickly adjusted with re… |
| Debt and cash | So the net cash is INR 85 crores as on 31st December '22 against net debt, including acceptances of INR 270 crores as on 31st March 2022. | Sir, what is the kind of working capital cycle that we should look at on the Exports business? | If we will not have any working capital, then we will be utilizing the letter of credit and the credit period from the supplier side for 90 days. | — | Company's net debt including acceptances is Rs.270 Crores as on March 31, 2022, as against Rs.408 Crores as on March 31, 2021, it was Rs.922 Crores as… | So the net cash on the books is INR183 crores against net debt, including acceptances of INR270 crores as on 31 March '22. | The matter is how we are utilizing the capacity, and we are improving our working capital cycle. | Sir, the question is around working capital, because when you see your consolidated cash flow. |
| Demand | There's a substantial pipeline, in the increasing private and government investments and energy intensive industries, such as iron steel, aluminium, c… | Demand scenario is good for our company from public sector capex as well as private sector capex. | And we are quite bullish on our -- the demand for our products in domestic market as well as international market. | Total order book position as on 31st December '25 is INR3,928 crores, out of which EPC is INR361 crores, extra high-voltage cables INR717 crores, cabl… | Overall, company is targeting approximately 18% to 20% growth in the current year with strong order book in hand and good inquiry pipeline and good de… | So we are seeing a good traction in the solar -- the demand from solar developers. | We are very bullish on our demand in the markets in India as well as from our export customers. | How do you see that playing out, demand is obviously very strong and will continue to grow. |
| Guidance | And then what is guidance for EBITDA margin for next two years? | So we expect good growth in our Wire and Cable segment in the next few years. | While you mentioned the EHV segment had some weakness which in -- which was there even in Q2 and continue in Q3, when should we expect some sort of tr… | By April, we expect that our electron beam equipment to manufacture, electron beam pure solar wires will be commissioned, and that will add another bo… | We expect further boost in this as the active Wires & Cables KEI Industries Limited May 10, 2022 working professionals all over India in the marketing… | And due to its very strong infrastructure pipeline and focus by central government and state governments on infrastructure, especially railways, metro… | And the next question, for your guidance related to the export to grow at 50%, and overall growth of 17%, 18%. | I believe the guidance is of a Rs.600 odd crore. |
| Margin | Profit after tax/net sales margin is 6.84% versus 6.6% achieved. | EBITDA growth is 19.41% and EBITDA margin is 10.82% as against 10.59% previous year. | The growth in EBITDA achieved is 11.25%. | EBITDA/net sales margin is around 12% as against 10.29% in the same period last year. | EBITDA achieved is Rs.179.9 Crores against Rs.140 Crores last year in the Q4, growth is around 28.46%. | EBITDA/net sales margin is 10.62% against 10.54% in the previous year. | EBITDA/debt sales margin is 10.94% against 10.62% previous year. | And this quarter, we had seen that the LME prices were also up, but that's not reflecting in the margin front, actually. |
| People | Rahul Agarwal So the capacity utilization number you have given is value capacity, right? | In the Wire, we have capacity utilization is close to 70% wherein the Cable we have utilization at 95%. | So that is a difference between the product-to-product range, so we are more focusing on the utilization of the full capacity with respect to products… | And lastly, if you can give some sense of what is existing capacity utilization for your various units? | — | Otherwise, the credit limit utilization is nil and cash and bank balances of INR537 crores as on 31 March '23 as against total borrowing of INR331 cro… | Can you repeat the capacity utilization numbers, please? | Sure, but are you seeing attrition in your company? |
| Pricing | Although these companies are pricing the copper and aluminium at landed price of the imports. | No. It was basically the pricing effect, no? | That is taken into consideration while doing export pricing. | And if you can just tell in the quarter which is currently going on, Jan, Feb, March, what are the kind of price hikes you've taken in the retail mark… | Yes, once everything settled down and due to increase in retail and the increase in the pricing from the next year as earlier spoke that from the next… | But when you're talking about focusing on value growth, does that mean that the volume growth you will try to grow by 25% to 30%, how do we understand… | May 03, 2024 inching up slowly gradually, the last sort of 2 weeks, the price increases are pretty significant. | Thankyou for the opportunity Sir My first question is, how does the pricing work, is it per kg basis or percentage of raw material price? |
| Revenue growth | Company is doing brownfield capex of INR 40 crores to INR 45 crores in Silvassa plant, which will generate an additional top line revenue of LT power … | So if I check the revenue growth for the 9 months, it's close to 17%. | Actually there is a growth of around 30% in the wire and cable exports, but the decline in numbers is due to the EPC degrowth in the export sales from… | EBITDA in this quarter is INR354 crores against INR254 crores last year with a growth of 39%. | Our strategy is to increase continuously the retail sale and through our B2C segment downsizing EPC business is working well, and in future within two… | The domestic institutional cable sales, wires and cables is INR2,390 crores in FY '23, achieving a growth of 22%. | So we have achieved a growth of 17.31% over a full year period. | So now that most of the, the major players of wires and cables, the results have been out, we have seen that there has been strong top line growth, wh… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-08-02 | Q1FY23 | KE] Industries Limited | So, we expect the total export on the full year basis between 700 to 750 crores. |
| 2022-08-02 | Q1FY23 | KE] Industries Limited | So, how has this journey been and what were the triggers and how could we, is it only because of our distributorship increase and what were the steps which we had taken and going forward, how do we plan to grow this you have given a guidance of 30% to 35%. |
| 2022-08-02 | Q1FY23 | KE] Industries Limited | Sir, did I hear right you gave a guidance of 17%, 18% kind of top line growth in the context of lower commodity prices is that correct? |