KEC Intl. Limited
NSE: KEC · Civil Construction · sector
₹336.80NSE close 2026-10-26
Key numbers
Market cap₹8,966 cr
Price₹336.80
52w high / low₹860 / ₹332
P/E16.2xSector median 12.2x
P/B1.4xSector median 1.3x
Book value₹231.4
Dividend yield1.64%Sector median 0.76%
ROE9.6%Sector median 10.2%
ROCE12.4%Sector median 12.9%
OPM6.5%Sector median 10.7%
Debt / equity0.83xSector median 0.36x
EV/EBITDA8.8xSector median 8.8x
Interest cover2.1x
Current ratio1.23x
Sales growth 3y+10.8%Sector median +6.7%
Profit growth 3y+51.0%Sector median +5.8%
PEG0.32x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹512 cr vs borrowings ₹5,103 cr (FY26): borrowings are higher by ₹4,591 cr.
- Operating profit covered interest 2.1x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 4 of the last 5 years (FY26, FY25, FY24, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- Debtor days went from 76 (FY24) to 101 (FY26).
- Dividend paid in 5 of the last 5 financial years.
- Price ₹336.80 on 2026-10-26: -60.8% from the 52-week high, +1.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,223.80 · low ₹336.80
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5,113 | 5,349 | 6,872 | 5,023 | 6,092 | 6,001 | 6,390 | 5,024 |
| EBITDA | 320 | 374 | 539 | 350 | 430 | 371 | 448 | 291 |
| OPM % | 6.3% | 7.0% | 7.8% | 7.0% | 7.1% | 6.2% | 7.0% | 5.8% |
| Other income | 7 | 1 | 20 | 5 | 5 | 10 | 30 | 14 |
| Net profit | 85 | 130 | 268 | 125 | 161 | 127 | 193 | 73 |
| EPS (₹) | 3.32 | 4.87 | 10.08 | 4.68 | 6.04 | 4.79 | 7.24 | 2.73 |
| Revenue YoY | +19.1% | +12.2% | -7.0% | +0.0% | ||||
| Profit YoY | +88.2% | -1.6% | -28.1% | -41.7% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 13,742 | 17,282 | 19,914 | 21,847 | 23,506 | 23,506 |
| EBITDA | 860 | 830 | 1,215 | 1,504 | 1,600 | 1,540 |
| Net profit | 332 | 176 | 347 | 571 | 606 | 554 |
| EPS (₹) | 12.92 | 6.85 | 13.49 | 21.80 | 22.75 | 20.80 |
| Revenue growth | +25.8% | +15.2% | +9.7% | +7.6% | +5.1% | |
| Profit growth | -47.0% | +97.0% | +64.6% | +6.1% | -8.9% | |
| Dividend / share (₹) | 4.00 | 4.00 | 3.00 | 4.00 | 5.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +10.8% | +12.4% | +5.1% |
| Net profit | +51.0% | +1.8% | -8.9% |
| EPS | +49.2% | +1.1% | – |
| Share price | – | -41.7% (2y) | -60.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,771 | 4,096 | 5,347 | 6,160 |
| Borrowings | – | 3,383 | 3,985 | 3,957 | 5,103 |
| Cash & equivalents | – | 344 | 273 | 656 | 512 |
| Total assets | – | 18,669 | 19,031 | 22,180 | 25,158 |
| Fixed assets | – | 1,282 | 1,336 | 1,364 | 1,465 |
| Capital work in progress | – | 11 | 14 | 39 | 114 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 6,896 | 4,137 | 5,051 | 6,474 |
| Inventory | – | 1,137 | 1,213 | 1,140 | 1,533 |
| Payables | – | 8,388 | 9,207 | 8,996 | 8,703 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -284 | 607 | 311 | 419 | -414 |
| Cash from investing | -192 | -135 | -223 | -68 | -242 |
| Cash from financing | 496 | -401 | -145 | -32 | 511 |
| Capex | 143 | 178 | 237 | 183 | 329 |
| Free cash flow | -427 | 428 | 74 | 237 | -743 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 4.7% | 8.5% | 10.7% | 9.8% |
| ROCE % | – | 9.8% | 13.4% | 14.9% | 12.9% |
| Debtor days | – | 146 | 76 | 84 | 101 |
| Inventory days | – | 59 | 53 | 41 | 50 |
| Payable days | – | 433 | 400 | 326 | 282 |
| Cash conversion cycle (days) | – | -228 | -271 | -201 | -131 |
| Working capital days | – | 34 | 30 | 53 | 65 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 50.10% |
| FIIs | 8.69% |
| DIIs | 20.76% |
| of which Mutual funds | 18.32% |
| of which Insurance | 2.20% |
| Government | 0.00% |
| Public (non-institutions) | 20.45% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 50.10% | 50.10% | 50.10% | 50.10% | 50.10% | 50.10% | 50.10% | 50.10% |
| Promoter group | % |
|---|---|
| Swallow Associates LLP | 25.45% |
| Summit Securities Limited | 10.58% |
| Instant Holdings Limited | 8.38% |
| Harshvardhan Goenka | 1.89% |
| STEL Holdings Limited | 1.88% |
| Carniwal Investment Limited | 1.12% |
| Chattarpati Apartments LLP | 0.67% |
| RPG Ventures Limited | 0.11% |
| Anant Vardhan Goenka | 0.02% |
| Secura India Trust (Mr. Harsh Vardhan Goenka is a Trustee) | 0.00% |
| Mala Goenka | 0.00% |
| RG Family Trust (Mr. Anant Vardhan Goenka is a Trustee) | 0.00% |
| AVG Family Trust (Mr. Anant Vardhan Goenka is a Trustee) | 0.00% |
| Ishaan Goenka Trust (Mr. Harsh Vardhan Goenka is a Trustee) | 0.00% |
| Navya Goenka Trust (Mr. Harsh Vardhan Goenka is a Trustee) | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Mutual Fund - HDFC BSE 500 Index Fund | 5.89% |
| Nippon Life India Trustee Ltd-A/C Nippon India Nifty 500 Equal Weight Index Fund | 3.98% |
| Bandhan Nifty Small Cap 250 Index Fund | 2.05% |
| DSP Large & Mid Cap Fund | 1.52% |
| ICICI Prudential S&P BSE 500 ETF | 1.33% |
| RBC Emerging Markets Dividend Fund | 1.33% |
2,50,132 shareholders. Pledged: 0.00% of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| KEC | ₹8,966 cr | 16.2x | 1.4x | 9.6% | 12.4% | 6.5% | +10.8% | 1.64% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| EPC | ₹21,988 cr | 90.8% | ₹1,513 cr | 6.9% |
| Others | ₹2,217 cr | 9.2% | ₹146 cr | 6.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 5.50 Per Share |
| 2025-07-25 | Dividend | Dividend - Rs 5.50 Per Share |
| 2024-08-09 | Dividend | Dividend - Rs 4 Per Share |
| 2023-07-25 | Dividend | Dividend - Rs 3 Per Share |
| 2022-06-15 | Dividend | Dividend - Rs 4 Per Share |
| 2021-07-19 | Dividend | Dividend - Rs 4 Per Share |
| 2020-02-13 | Dividend | Interim Dividend - Rs 3.4 Per Share |
| 2019-07-15 | Dividend | Annual General Meeting/Dividend - Rs 2.70 Per Share |
| 2018-07-20 | Dividend | Annual General Meeting/Dividend- Rs 2.40 Per Share |
| 2017-07-18 | Dividend | Annual General Meeting/Dividend - Rs 1.60 Per Share |
| 2016-07-21 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Re 1/- Per Share |
| 2015-07-20 | Dividend | Annual General Meeting/Dividend - Re 0.90/- Per Share |
| 2014-07-16 | Dividend | Annual General Meeting / Dividend - Re 0.60/- Per Share |
| 2013-08-07 | Dividend | Annual General Meeting And Dividend Re.0.50 Per Share |
| 2012-06-27 | Dividend | Annual General Meeting/Dividend Rs 1.20 Per Share |
| 2011-06-23 | Dividend | Annual General Meeting And Dividend Rs.1.20 Per Share |
| 2010-12-30 | Split | Face Value Split From Rs.10/- To Rs.2/- |
| 2010-06-10 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share |
| 2009-06-18 | Other | Agm/Div-Rs.5/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Infrastructure: Engineering, Procurement and Construction of Utility projects, Railways,Buildings, Industrial facilities and Civil projects
- Manufacturing: T&D structures, distribution poles
- Manufacturing: Electrical equipment
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | KEC |
| BSE code | 532714 |
| ISIN | INE389H01022 |
| Face value | ₹2.0 |
| Incorporated | 2005-03-18 |
| Website | www.kecrpg.com |
| Plants (India / abroad) | 5 / 3 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.