External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>KEI Industries (KEII) has given robust volume growth guidance of 19-20% for FY26, driven by capacity expansion and healthy demand in domestic &amp; export markets, along with EBITDA margin of 11%.</li><li>Domestic demand mainly comes from solar power and power distribution companies, as per the management.</li><li>The company aims to maintain EBITDA margin in FY25 at previous year’s level.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEI Industries (KEII) has given robust volume growth guidance of 19-20% for FY26, driven by capacity expansion and healthy demand in domestic &amp; export markets, along with EBITDA margin of 11%.Domestic demand mainly comes from solar power and power distribution companies, as per the management.The company aims to maintain EBITDA margin in FY25 at previous year’s level.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEI Industries - Strong Vol Growth with Upgrade in Guidance

External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>KEI Industries (KEII)’s 3QFY25 revenue grew 20% YoY (in line, as strong revenue growth in the C&amp;W/SSW segment offset lower-than-estimated EPC revenue).</li><li>Its EBITDA grew ~12% YoY to INR2.4b (3% miss).</li><li>OPM contracted 70bp YoY to 9.8% (-70bp vs.our estimate) due to a lower margin in the C&amp;W segment. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEI Industries (KEII)’s 3QFY25 revenue grew 20% YoY (in line, as strong revenue growth in the C&amp;W/SSW segment offset lower-than-estimated EPC revenue).Its EBITDA grew ~12% YoY to INR2.4b (3% miss).OPM contracted 70bp YoY to 9.8% (-70bp vs.our estimate) due to a lower margin in the C&amp;W segment. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEI Industries - Revenue Growth Strong, but Margins Weak

<ul><li>Motilal Oswal's research report onKEI Industries KEI Industries (KEII)’s 4QFY24 performance was in line with our estimates.</li><li>Revenue grew 19% YoY to INR23.2b (vs. est. INR22.6b), fueled by 18%/53% YoY growth in the cables &amp; wires/EPC segments, while stainless steel wires’ revenue declined 11% YoY.</li><li>EBITDA grew 21% YoY to INR2.4b (vs. est. INR2.5b). Profit increased 22% YoY to INR1.7b (vs. est. INR1.8b) in 4QFY24. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motilal Oswal's research report onKEI Industries KEI Industries (KEII)’s 4QFY24 performance was in line with our estimates.Revenue grew 19% YoY to INR23.2b (vs. est. INR22.6b), fueled by 18%/53% YoY growth in the cables &amp; wires/EPC segments, while stainless steel wires’ revenue declined 11% YoY.EBITDA grew 21% YoY to INR2.4b (vs. est. INR2.5b). Profit increased 22% YoY to INR1.7b (vs. est. INR1.8b) in 4QFY24. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

KEI Industries - Healthy Performance; Outlook Remains Positive

India

KEI Industries Limited manufactures cables and stainless steel wires for the building and construction, defense, telecommunications, and other industries.

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KEI Industries (KEII IN)

KEI Industries - Strong Vol Growth with Upgrade in Guidance

KEI Industries (KEII) has given robust volume growth guidance of 19-20% for FY26, driven by capacity expansion and healthy demand in domestic &...

Prabhudas Lilladhar

KEI Industries - Revenue Growth Strong, but Margins Weak

KEI Industries (KEII)’s 3QFY25 revenue grew 20% YoY (in line, as strong revenue growth in the C&W/SSW segment offset lower-than-estimated EPC...

Motilal Oswal

KEI Industries - Healthy Performance; Outlook Remains Positive

Revenue grew 19% YoY to INR23.2b (vs. est. INR22.6b), fueled by 18%/53% YoY growth in the cables & wires/EPC segments, while stainless steel wires’...

Motilal Oswal

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