NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
KEI Industries Ltd. is among the leading players in the cable and wire industry in India. We believe KEI Industries benefits from multiple growth drivers and business strategies, such as:
strong growth potential in the C&W industry over the long term;
focus on capacity expansion and gaining market share;
growth in the retail business; and
higher exports and product innovations.
We estimate its revenue/Ebitda/earnings per share compound annual growth rate at ~17%/ 24%/22% over FY25-27. The stock is trading at 49 times/40 times FY26E/FY27E EPS, which remains attractive.
We value KEI Industries at 50 times Dec'26E EPS to arrive at our target price of Rs 5,150, having 19% upside potential. Reiterate Buy.
Key risks to our target price are:
slowdown in government-led infrastructure projects;
higher volatility in raw material prices;
global headwinds, which may impact export; and
increase in competition due to higher capacity addition in the sector.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
