Can KEI Industries Extend Its Growth Momentum in the Cable Sector?
About KEI Industries Ltd
KEI Industries is among India’s top electrical cable and wire manufacturers, catering to infrastructure, power, and housing projects. The company’s strategic export expansion and robust retail presence continue to strengthen margins.
The company delivered resilient financial performance with consistent export growth, stable working capital, and better realization in premium categories.
Financial Highlights (Q2 FY26)
| Metric | Q2 FY26 | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹2,180 Cr | +14% | +6% |
| EBITDA | ₹290 Cr | +18% | +7% |
| EBITDA Margin | 13.3% | vs 12.7% | vs 12.9% |
| Net Profit | ₹185 Cr | +20% | +8% |
Revenue ₹2,180 Cr — sustained growth led by cables and EPC projects.
EBITDA ₹290 Cr — reflects operational leverage and efficient cost control.
EBITDA Margin 13.3% — stable amid competitive pressure.
Net Profit ₹185 Cr — solid earnings with healthy order inflows.
Track sectoral strength with Nifty Future Trade insights for electricals momentum.
Peer Comparison
| Company | Revenue Growth | EBITDA Margin |
|---|---|---|
| KEI Industries | 14% | 13.3% |
| Polycab India | 17% | 14.9% |
| Finolex Cables | 11% | 12.8% |
Valuation & Investment View
- Short-term: Consolidation between ₹4,100–₹4,250.
- Medium-term: Improving B2C mix supports valuations.
- Long-term: Growth compounder with export diversification.
Broader setups can be validated via BankNifty Future Trade for capital goods sentiment.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, notes that KEI Industries’ disciplined execution and consistent export growth make it a robust mid-cap electrical play. Explore more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
SEBI Disclaimer: The information provided in this post is for informational purposes only...
