Kay Cee Energy & Infra Ltd (KCEIL) is a prominent player in the Engineering, Procurement, and Construction (EPC) sector, specializing in infrastructure development for the power transmission and distribution industry. The company offers a comprehensive suite of services, including project planning, detailed engineering, procurement, execution, commissioning, and post-completion services. Additionally, KCEIL provides operations and maintenance services for the infrastructure it develops.
Kay Cee Energy & Infra Ltd is an India-based company primarily engaged in engineering, procurement, and construction (EPC) services with a specialized focus on extra-high voltage (EHV) power transmission lines. Founded in 2015 and headquartered in Kota, Rajasthan, the company has been instrumental in infrastructure development. It provides specialized services for the construction and commissioning of power transmission and distribution systems, encompassing overhead and underground lines, substation construction, and automation.
The company was originally incorporated as a Private Limited Company under the name 'Kay Cee Energy & Infra Private Limited' on January 23, 2015. Its name was later changed to 'Kay Cee Energy & Infra Limited' on October 12, 2023.
KCEIL's core expertise lies in executing comprehensive EPC projects for power infrastructure. The company handles the erection, testing, and commissioning of equipment for power transmission and distribution systems. Its services include the construction of transmission line towers, extra-high voltage underground cables, monopoles, and substations.
The company undertakes EPC construction projects by participating in tenders from government and private entities. Kay Cee has secured significant projects from various government entities, most notably Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL). This diversified client base, including both public and private sector organizations, ensures a balanced revenue stream and reduces dependency on any single customer segment.
To scale its operations and meet growing market demand, Kay Cee expanded its business operations by establishing new manufacturing units. The company set up its first unit at Kota-5 in 2018 and subsequently expanded its manufacturing capabilities at the same location in 2021.
KCEIL has also formed strategic partnerships with other engineering companies, such as Sterlite Power Transmission Limited and Jost Engineering Limited. These collaborations enable Kay Cee to participate in larger, more complex infrastructure projects by leveraging the expertise and resources of established industry players.
In FY2024-25, Kay Cee Energy & Infra Ltd demonstrated strong financial growth.
- Revenue: Recorded at ₹152.68 crores, reflecting a significant 137% year-on-year (YoY) growth.
- Profit After Tax (PAT): Achieved ₹17.06 crores, an impressive 160.5% YoY increase.
- Reserves: Increased by 51% YoY to ₹50.73 crores.
• Revenue: ₹152.68 crores (137% YoY growth)
• Net Profit: ₹17.06 crores (160.5% YoY growth)
• Reserves: ₹50.73 crores (51% YoY growth)
• Market Capitalization: ₹419.77 crores (as of June 24, 2025) / ₹387.93 Cr (as of June 20, 2025)
• PE Ratio: 22.73 to 24.60
• PB Ratio: 4.84 to 8.69
• ROE: 27%
• Annual Revenue Growth: 136%
As of April 30, 2025, the company's order book stood robustly at ₹536.90 crores.
Kay Cee has consistently demonstrated its execution capability through several significant contract wins in 2025:
- June 11, 2025: Received an INR 28.38 Cr work order for transmission line shifting at Greenfields Airport Kota, with a 15-month tenure.
- June 18, 2025: Won an INR 27.53 Cr supply order for Emergency Restoration System from Rajasthan Rajya Vidyut Prasaran Nigam.
- June 19, 2025: Secured a new INR 16.66 Cr contract with Wonder Cement for power infrastructure supply and services.
On June 6, 2025, CRISIL upgraded Kay Cee Energy's long-term rating to 'BBB-/Stable' and its short-term rating to 'A3'. This upgrade reflects the company's improved financial position and operational performance.
- Debt to Equity Ratio: A reasonable 28%, indicating a healthy balance sheet.
The key management includes Lokendra Jain as Chairman and Yogesh Soni as Company Secretary.
Reflecting on the company's achievements in FY2024-25, Mr. Lokendra Jain, Managing Director, stated, "We are thrilled with our performance this year. Our sharp execution and increased project scale have resulted in record growth. This momentum reinforces our focus on delivering high-quality infrastructure for government and public sector clients. Our continued focus on margin expansion, operational excellence, and public sector execution capability puts us in a strong position to scale sustainably."
Kay Cee Energy & Infra Ltd represents a compelling investment opportunity in India's growing power transmission infrastructure sector. The company is backed by strong financial performance, a robust order book, and strategic positioning in the EPC space. Its consistent growth trajectory and improving credit profile make it an attractive option for investors seeking exposure to India's infrastructure development story.
