KEI Industries Limited stands as one of India's premier manufacturers of electrical wires and cables, establishing a strong foothold in the industry since its inception in 1968. Established in 1968, KEI was founded as a partnership corporation with a primary focus on the production of rubber cables for house wiring. Today, it has transformed itself into a global empire that provides comprehensive wire & cable solutions. Through a vast network of over 30000+ channel partners, our products cater to clients in over 55+ countries across the globe.
KEI Industries Limited is an India-based manufacturer of wires and cables. The Company's segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement and Construction (EPC) Projects. KEI Industries Ltd. (KEI) is ranked amongst the top 3 power cable companies in India and is also engaged in the EPC business. The company operates with a diversified business model that serves both retail and institutional markets across multiple sectors.
Our family of 5385 employees serve in variety of capacities to efficiently provide services to our clients. Presently, we are headquartered in New Delhi, with around 38 branch offices and 23 warehouses which are spread across nation. This extensive infrastructure enables KEI to maintain a strong presence across the country and serve its diverse customer base effectively.
Cables and Wires segment is engaged in the manufacturing, sale and marketing of all range of power cables, such as low tension (LT), high tension (HT) and extra high voltage (EHV), control and instrumentation cables, specialty cables, elastomeric/rubber cables, flexible and house wires, and winding wires. The company generates maximum revenue from the Wires and Cables segment. The manufacturing capabilities span from basic house wires to sophisticated extra high voltage cables up to 400 kV, catering to diverse industrial applications.
Stainless Steel Wire segment comprises manufacturing, sale and job work related to stainless steel wires. KEI industries limited is an established player in the Stainless Steel Wires segment and among the largest Stainless Steel Wires manufacturing companies in India. This segment contributes to the company's diversified revenue streams and strengthens its position in the metal wire industry.
EPC Projects segment comprises of design, engineering, supply, erection, testing and commissioning of high voltage and extra high voltage underground cabling projects from 33 kV to 400 kilovolt (KV), substations (AIS & GIS) on turnkey basis up to 400 KV and conversion of overhead line to underground line for complete town including HT and LT distribution system, among others. KEI commenced Engineering Procurement Construction (EPC) operations in the year 2007 and also secured prestigious orders across the country.
As of March 2025, KEI Industries Ltd has a market capitalisation of Rs 33,051 crore. The company has demonstrated robust financial performance with consistent growth across key parameters.
For the financial year ended March 2025:
- Sales rose 19.89% to Rs 9735.88 crore in the year ended March 2025 as against Rs 8120.73 crore during the previous year ended March 2024.
- Net profit rose 19.92% to Rs 696.41 crore in the year ended March 2025 as against Rs 580.74 crore during the previous year ended March 2024.
For the quarter ended March 2025:
- Sales rose 25.11% to Rs 2914.79 crore in the quarter ended March 2025 as against Rs 2329.86 crore during the previous quarter ended March 2024.
- Net profit of KEI Industries rose 34.46% to Rs 226.55 crore in the quarter ended March 2025 as against Rs 168.49 crore during the previous quarter ended March 2024.
At the current price of Rs 3,573.5, KEI INDUSTRIES trades at a PE ratio of 49.03 while its PB ratio stands at 5.90. For the financial year 2024, KEI INDUSTRIES declared dividend amounting to Rs 3.5 per share. At the current price of Rs 3,573.5, this results in a dividend yield of 0.1%.
KEI Industries Limited has demonstrated robust growth, with net sales increasing by nearly 20% year-over-year, despite facing operational challenges such as declining margins and capacity constraints in certain cable segments. The company is strategically redirecting resources to capitalize on strong demand for high-tension power cables while simultaneously expanding its export contributions, aiming to increase from 11-12% to 15-17% over the next few years.
Significant capital expenditures are planned to enhance production capabilities, including a new plant in Sanand, which supports long-term growth targets of achieving a turnover of INR 25,000 crores by 2030. In 2024, the Company embarked on a major greenfield project in Sanand, Ahmedabad, Gujarat.
The company has a global presence and its products are sold in more than 45 countries through a rich network of 5000+ channel partners. KEI has presence in over 45 countries across the globe with strong focus on oil and gas and utilities segment. This international footprint provides the company with diversified revenue streams and reduced dependence on domestic markets.
KEI Industries Ltd. has been upgraded to IND AA+ with a stable outlook. ICRA upgrades KEI's long-term rating to AA+ (Stable), reaffirms short-term A1+, total Rs.3810 crore rated. Company is almost debt free. This strong credit profile reflects the company's financial discipline and operational efficiency.
Promoter holding in KEI Industries Ltd has gone down to 35.02 per cent as of Mar 2025 from 37.06 per cent as of Sep 2024. The company maintains a balanced shareholding structure with significant institutional participation, reflecting investor confidence in its long-term growth prospects.
KEI Industries continues to strengthen its position as a leading player in India's wire and cable industry, backed by strong financial performance, strategic expansion plans, and a robust global presence. The company's focus on technological advancement, capacity expansion, and market diversification positions it well for sustained growth in the evolving electrical infrastructure landscape.
