Cables · KEII
Cables - Power
from 5,500 today
KEI Industries reported an earnings beat with margin expansion on track in 1QFY27, supported by strong growth visibility and capacity expansion. We largely maintain our earnings estimates for FY27/FY28 and reiterate BUY with a target price of INR6,630.
KEII reported revenue growth of 23% YoY, led by strong W&C revenue growth and an EBITDA margin expansion driven by a better product mix, higher retail contribution, and operating leverage. We maintain our 'Accumulate' rating with a revised target price of INR 6,001, valuing the company at 40x FY28 earnings.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
