Kec International Ltd.

NSE: KEC · Construction

₹333.35+1.11%06 Nov 2026

Ask the data

Instant answers about Kec International Ltd. — computed from its filings, no language model

Market cap₹8,874 cr

Current price₹333.35

High / Low₹824 / ₹316

P/E86.7

P/B1.46

Book value₹228.8

ROE1.7%

ROCE10.3%

Debt / equity0.99

Dividend yield1.65%

EPS (TTM)₹3.85

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	10,096	11,001	11,965	13,114	13,742	17,282	19,914	21,847	23,506
EBITDA	1,006	1,150	1,234	1,141	904	830	1,215	1,504	1,659
Operating margin	10.0%	10.5%	10.3%	8.7%	6.6%	4.8%	6.1%	6.9%	7.1%
Interest	247	312	308	263	316	539	655	664	664
Depreciation	110	117	147	153	158	161	185	184	197
Profit before tax	690	744	790	756	399	161	426	727	789
Tax	230	257	225	203	67	-15	80	157	184
Net profit	460	496	566	553	332	176	0	0	0
EPS ₹	17.91	19.28	22.00	21.50	12.92	6.85	13.49	21.80	22.75
Operating cash flow	—	—	—	—	-284	607	311	419	-414
Capex	—	—	—	—	143	178	237	183	329
Dividend paid	—	—	—	—	0	103	77	103	146
Total assets	10,539	11,100	12,877	14,047	16,339	18,669	19,031	22,180	25,158
Equity	1,997	2,494	2,798	3,360	3,620	3,771	4,096	5,347	6,160

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	3,664	2,408	2,647	3,841	2,412	2,809	3,073	3,671	2,207	3,258	3,289	4,361	2,540	3,587	3,340	4,275	4,064	4,375	5,525	4,244	4,499	5,007	6,165	4,512	5,113	5,349	6,872	5,023	6,092	6,001	6,390	5,024	5,468
Operating profit	370	253	281	399	251	294	319	371	195	293	299	355	160	253	239	252	178	200	283	244	274	308	388	270	320	374	539	350	430	430	448	291	271
Operating margin	10.1%	10.5%	10.6%	10.4%	10.4%	10.5%	10.4%	10.1%	8.8%	9.0%	9.1%	8.1%	6.3%	7.1%	7.2%	5.9%	4.4%	4.6%	5.1%	5.8%	6.1%	6.1%	6.3%	6.0%	6.3%	7.0%	7.8%	7.0%	7.1%	7.2%	7.0%	5.8%	5.0%
Other income	13	2	4	6	3	4	2	3	7	7	4	12	2	3	5	3	16	2	6	3	16	26	8	43	7	1	20	5	5	10	30	14	13
Interest	66	77	86	85	80	82	81	65	66	67	66	63	65	73	82	95	128	149	162	159	178	164	154	155	168	170	170	151	171	171	170	164	191
Depreciation	27	30	31	26	37	35	37	39	39	37	38	38	38	39	39	42	40	41	42	42	47	49	48	47	45	45	47	46	51	50	51	51	53
Profit before tax	289	148	168	295	138	180	203	269	96	195	199	266	59	101	122	118	27	11	86	47	66	121	193	112	113	160	342	159	213	160	258	90	41
Tax	93	51	57	101	49	41	58	76	26	52	54	71	12	20	29	6	-29	-6	14	4	10	24	42	24	28	30	74	34	52	32	65	17	11
Net profit	196	98	0	199	0	0	145	193	71	143	145	194	46	80	94	112	55	18	72	28	56	97	0	62	0	0	0	0	0	0	0	73	30
EPS ₹	7.64	3.81	4.37	7.73	3.45	5.41	5.64	7.50	2.75	5.55	5.64	7.56	1.79	3.12	3.64	4.36	2.15	0.68	2.81	1.65	2.17	3.77	5.90	3.41	3.32	4.87	10.08	4.68	6.04	4.79	7.24	2.73	1.12
Revenue YoY	—	—	—	4.8%	—	16.6%	16.1%	-4.4%	-8.5%	16.0%	7.0%	18.8%	15.1%	10.1%	1.5%	-2.0%	13.3%	31.0%	29.2%	—	10.7%	14.4%	11.6%	6.3%	13.7%	6.8%	11.5%	11.3%	19.1%	12.2%	-7.0%	0.0%	-10.2%
Profit YoY	—	—	—	1.2%	—	-100.0%	—	-3.0%	—	—	0.1%	0.7%	-34.8%	-43.7%	-35.5%	-42.3%	-31.2%	-81.2%	-35.6%	—	1.1%	450.4%	-100.0%	121.1%	-100.0%	-100.0%	—	-100.0%	—	—	—	—	—

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Kec International Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	3,428	3,877	3,965	4,604	5,592	6,559	6,592	6,464	7,737
Operating profit	300	387	380	338	231	373	327	448	711
Operating margin	8.8%	10.0%	9.6%	7.3%	4.1%	5.7%	5.0%	6.9%	9.2%
Other income	—	—	—	—	21	83	177	112	37
Interest	100	87	99	126	165	231	252	231	209
Depreciation	23	26	34	36	43	55	70	70	115
Profit before tax	178	274	239	255	44	151	182	259	424
Tax	62	103	92	73	39	65	72	101	142
Net profit	116	171	147	182	5	86	111	158	282

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	563	709	1,031	600	806	887	1,135	727	868	938	1,345	824	950	869	1,321	792	957	1,142	1,713	1,048	1,289	1,439	1,816	1,453	1,511	1,875	1,721	1,394	1,663	1,644	1,891	1,396	1,432	1,626	2,010	1,529	1,843	1,733	2,632	1,744	1,884	2,086
Operating profit	75	103	113	61	56	73	110	86	85	93	124	78	87	85	131	68	52	82	137	44	49	69	69	61	75	118	120	84	33	94	117	95	50	126	177	125	145	171	269	160	197	222
Operating margin	13.2%	14.5%	11.0%	10.2%	7.0%	8.2%	9.7%	11.8%	9.7%	9.9%	9.2%	9.4%	9.2%	9.8%	9.9%	8.6%	5.4%	7.1%	8.0%	4.2%	3.8%	4.8%	3.8%	4.2%	5.0%	6.3%	6.9%	6.0%	2.0%	5.7%	6.2%	6.8%	3.5%	7.7%	8.8%	8.2%	7.9%	9.9%	10.2%	9.2%	10.5%	10.7%
Other income	-0	0	0	0	—	—	—	—	—	—	—	—	—	—	—	—	20	54	7	5	2	9	4	12	7	2	62	1	4	135	36	2	72	35	3	5	7	8	17	6	5	5
Interest	16	18	18	18	23	30	29	22	23	22	19	26	20	25	28	28	33	32	34	33	37	46	50	52	57	64	59	54	70	67	60	58	59	55	59	59	49	48	53	47	48	50
Depreciation	7	5	5	5	6	5	8	6	7	7	7	8	9	9	9	9	9	9	9	9	10	11	13	13	14	14	14	17	18	18	18	18	17	18	16	26	28	27	35	24	24	24
Profit before tax	52	80	91	39	27	38	73	58	55	64	97	43	50	52	94	31	29	95	101	8	4	21	11	-11	11	42	109	14	-51	144	76	21	46	87	106	46	76	105	197	96	130	154
Tax	18	28	30	13	10	13	25	20	19	22	43	22	19	16	34	10	6	23	34	3	1	6	29	-1	3	31	32	5	-19	53	32	12	13	31	45	16	27	34	64	33	45	52
Net profit	34	52	61	26	18	25	48	38	36	42	54	21	31	35	60	21	23	71	67	5	2	15	-19	-9	8	11	76	9	-33	90	44	9	33	56	60	30	49	71	132	63	85	102
EPS ₹	8.99	10.60	12.29	5.17	3.61	5.06	9.73	7.75	7.37	8.51	10.87	4.03	6.09	1.37	2.33	0.82	0.88	2.77	2.61	0.20	0.10	0.60	-0.72	-0.37	0.32	0.41	2.97	0.37	-1.28	3.51	1.71	0.34	1.28	2.19	2.34	1.16	1.90	2.75	5.15	2.46	3.31	3.98
Revenue YoY	—	—	—	—	43.2%	25.1%	10.1%	21.1%	7.7%	5.8%	18.5%	13.5%	9.5%	-7.3%	-1.8%	-3.9%	0.8%	31.4%	29.6%	32.3%	34.6%	26.0%	6.0%	38.6%	17.2%	30.2%	-5.2%	-4.0%	10.1%	-12.3%	9.9%	0.1%	-13.9%	-1.1%	6.3%	9.5%	28.7%	6.6%	31.0%	14.1%	2.2%	20.3%
Profit YoY	—	—	—	—	-47.5%	-52.3%	-20.8%	49.9%	104.2%	68.2%	13.3%	-45.9%	-13.9%	-16.4%	10.2%	1.4%	-28.1%	103.1%	11.8%	-75.4%	-88.9%	-78.3%	-127.7%	-282.8%	227.3%	-31.1%	—	—	-502.8%	747.8%	-42.5%	-9.0%	—	-37.7%	37.1%	244.0%	48.2%	25.9%	120.1%	112.5%	74.3%	44.5%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 26 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	11.9%	8.0%	13.8%	12.1%	14.6%	19.7%	19.7%	16.5%	15.7%	13.9%	12.3%	9.2%	4.6%	4.5%	6.6%	4.4%	5.2%	3.1%	1.2%	1.2%	0.0%	0.0%	0.0%	0.0%	1.2%	1.7%
ROCE	26.8%	27.7%	28.5%	22.6%	21.5%	21.5%	21.1%	19.3%	18.5%	16.9%	15.7%	11.0%	10.7%	9.8%	11.2%	13.4%	14.1%	12.6%	13.1%	14.9%	15.4%	14.0%	14.0%	12.9%	12.4%	10.3%
Net margin	2.6%	1.7%	2.8%	2.8%	3.5%	4.5%	4.4%	4.2%	3.9%	3.4%	3.0%	2.4%	1.0%	0.9%	1.3%	0.9%	1.1%	0.8%	0.3%	0.3%	0.0%	0.0%	0.0%	0.0%	0.3%	0.4%
EBITDA margin	10.5%	10.5%	10.4%	10.3%	10.0%	9.6%	9.3%	8.7%	8.2%	7.7%	7.3%	6.6%	5.0%	5.4%	5.8%	6.1%	6.1%	6.2%	6.4%	6.9%	7.1%	7.3%	7.3%	7.1%	6.8%	6.3%
Debt / equity	0.61	0.61	0.61	0.74	0.74	0.74	0.74	0.57	0.57	0.57	0.57	0.79	0.90	1.28	1.28	0.97	0.97	0.85	0.85	0.74	0.74	0.94	0.94	0.83	0.83	0.99
Interest coverage	3.29	3.35	3.49	3.57	3.54	3.73	3.87	3.88	3.75	3.33	2.93	2.26	1.29	1.32	1.48	1.65	1.76	1.84	1.89	2.10	2.17	2.32	2.32	2.19	2.07	1.79
Asset turnover	1.02	1.05	1.09	0.93	0.91	0.95	0.96	0.93	0.96	0.98	0.98	0.84	0.98	0.95	0.99	1.05	1.06	1.06	1.08	0.98	1.01	0.99	1.02	0.93	0.93	0.92

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	51	51	51	51	51	51	51	51	51	51	53	53	53	53	53
Other equity / reserves	1,535	1,946	2,443	2,746	3,308	3,569	3,602	3,720	3,793	4,044	5,003	5,294	5,590	6,106	6,038
Total equity	1,586	1,997	2,494	2,798	3,360	3,620	3,654	3,771	3,844	4,096	5,056	5,347	5,643	6,160	6,091
Borrowings	2,008	1,639	1,522	2,062	1,925	2,863	3,969	3,383	4,912	3,985	4,312	3,957	5,308	5,103	6,021
Current liabilities	6,214	7,658	8,074	9,724	10,286	12,100	13,520	14,209	15,039	14,510	14,184	16,227	17,312	18,008	17,687
Non-current liabilities	928	883	532	356	401	619	548	688	655	426	420	606	658	991	1,039
Total assets	8,728	10,539	11,100	12,877	14,047	16,339	17,722	18,669	19,538	19,031	19,660	22,180	23,613	25,158	24,818
Property, plant & equipment	852	829	617	894	941	1,012	1,266	1,282	1,351	1,336	1,306	1,364	1,460	1,465	1,581
Capital work-in-progress	5	78	5	84	18	2	10	11	13	14	55	39	55	114	44
Investments	130	39	436	22	1	13	0	0	6,604	0	0	0	0	0	0
Inventories	395	627	469	776	842	1,066	1,340	1,137	1,382	1,213	1,228	1,140	1,444	1,533	1,693
Receivables	4,227	5,044	4,734	5,445	5,567	5,574	6,237	7,255	537	4,425	4,327	5,266	5,379	6,506	5,610
Cash & equivalents	176	193	147	153	200	208	196	281	42	205	470	546	308	411	315

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 10 periods

	FY15‡	FY16‡	FY18‡	FY19‡	FY20‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	153	-51	660	171	120	-284	607	311	419	-414
Cash from investing	125	18	-4	-94	-292	-192	-135	-223	-68	-242
Cash from financing	-216	-63	-638	-108	105	496	-401	-145	-32	511
Capex	—	—	—	—	—	143	178	237	183	329
Free cash flow	—	—	—	—	—	-427	428	74	237	-743
Dividends paid	—	—	41	61	156	0	103	77	103	146

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,581 cr6%

CWIP

₹44 cr0%

Inventories

₹1,693 cr7%

Receivables

₹5,610 cr23%

Cash & equivalents

₹315 cr1%

Other assets

₹15,575 cr63%

Peer comparison

largest in Construction · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Larsen & Toubro Ltd.	5,66,554	4,117.70	31.7	5.01	15.8%
Rail Vikas Nigam Ltd.	40,312	193.34	44.8	4.10	9.2%
Kalpataru Projects International Ltd.	23,413	1,370.80	19.8	2.76	14.0%
Cemindia Projects Ltd.	22,734	1,323.30	47.0	8.68	18.5%
NBCC (India) Ltd.	21,184	78.00	26.6	6.59	24.7%
IRB Infrastructure Developers Ltd.	20,557	17.02	19.1	0.97	5.0%
Engineers India Ltd.	16,451	292.70	18.3	4.92	26.9%
Techno Electric & Engineering Company Ltd.	10,798	928.50	25.1	2.60	10.4%
IRCON International Ltd.	10,173	108.17	20.9	1.50	7.2%
RITES Ltd.	9,358	194.72	23.1	3.52	15.2%
Kec International Ltd.	8,874	333.35	86.7	1.46	1.7%

StoxGud checklist: Bearish setup · 2/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-8.0%

6 months-45.6%

1 year-59.7%

3Y CAGR-16.9%

5Y CAGR-6.9%

10Y CAGR+10.2%

50-day avg₹375.16

200-day avg₹497.82

RSI (14)43

Compare Kec International Ltd. with

Techno Electric & Engineering Company vs Kec International IRCON International vs Kec International RITES vs Kec International Kec International vs Afcons Infrastructure Kec International vs NCC

FAQs

What is the share price of Kec International Ltd.?

Kec International Ltd. (KEC) closed at ₹333.35 on NSE on 06 Nov 2026.

What is the market cap of Kec International Ltd.?

₹8,874 crore at the latest close.

What is the P/E ratio of Kec International Ltd.?

86.7, on trailing-twelve-month earnings from its filings.

How fast is Kec International Ltd. growing?

Kec International Ltd.: revenue has compounded at 10.8% a year over three years. Latest-quarter revenue is down 10.2% year on year.

How profitable is Kec International Ltd.?

On a trailing-twelve-month basis return on equity is 1.7%, return on capital employed 10.3%, operating margin 6.3%, net margin 0.4%.

How much debt does Kec International Ltd. have?

Kec International Ltd. is moderately geared: debt to equity is 0.99 with borrowings of ₹6,021 cr against cash of ₹315 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.8 times.

Financials parsed from Kec International Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.