KEI Industries Ltd.

NSE: KEI · Capital Goods

₹3,988.00-1.80%06 Nov 2026

Ask the data

Instant answers about KEI Industries Ltd. — computed from its filings, no language model

Market cap₹38,125 cr

Current price₹3,988.00

High / Low₹5,873 / ₹3,725

P/E36.1

P/B5.29

Book value₹753.5

ROE14.7%

ROCE19.8%

Debt / equity0.04

Dividend yield0.11%

EPS (TTM)₹110.44

Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 7 periods

	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	4,888	4,182	5,727	6,912	8,104	9,736	11,748
EBITDA	497	460	589	706	838	991	1,229
Operating margin	10.2%	11.0%	10.3%	10.2%	10.3%	10.2%	10.5%
Interest	129	57	40	35	44	56	64
Depreciation	57	58	55	57	61	70	91
Profit before tax	328	365	507	642	781	937	1,232
Tax	72	92	132	165	200	241	314
Net profit	256	273	376	477	581	696	918
EPS ₹	31.65	30.47	41.77	52.94	64.37	75.65	96.09
Operating cash flow	—	—	229	514	610	-32	840
Capex	—	—	60	76	256	691	1,132
Dividend paid	—	—	23	27	28	42	43
Total assets	3,269	3,008	3,527	3,770	4,656	7,235	8,956
Equity	1,507	1,774	2,136	2,589	3,148	5,786	6,665

Quarterly performance

last 30 quarters · ₹ crore

showing latest 8 of 30 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 '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	1,081	1,234	1,314	1,259	745	1,037	1,153	1,246	1,018	1,353	1,564	1,792	1,565	1,608	1,784	1,955	1,783	1,947	2,062	2,319	2,060	2,280	2,467	2,915	2,590	2,726	2,955	3,476	3,185	3,776
Operating profit	114	122	139	122	72	118	128	142	114	146	157	172	160	161	182	204	178	204	217	245	215	221	241	301	258	269	320	382	396	377
Operating margin	10.5%	9.9%	10.6%	9.7%	9.7%	11.4%	11.1%	11.4%	11.2%	10.8%	10.0%	9.6%	10.2%	10.0%	10.2%	10.4%	10.0%	10.5%	10.5%	10.5%	10.4%	9.7%	9.8%	10.3%	10.0%	9.9%	10.8%	11.0%	12.4%	10.0%
Other income	5	4	5	2	9	4	5	2	3	2	2	8	4	5	14	5	8	8	12	15	18	17	14	37	40	42	34	43	20	25
Interest	33	36	33	28	17	15	13	13	11	10	9	10	9	8	8	10	9	8	11	17	14	13	14	14	14	14	17	19	18	17
Depreciation	15	14	14	14	15	14	15	15	14	14	14	14	14	14	14	14	15	16	15	16	16	16	19	19	20	20	23	28	29	31
Profit before tax	71	77	97	83	50	93	106	117	91	125	136	156	140	144	174	184	163	188	202	227	203	208	221	305	263	277	315	377	369	353
Tax	25	1	24	21	13	25	26	28	24	33	35	40	36	37	45	46	42	48	52	59	52	53	56	79	67	74	80	93	95	91
Net profit	46	76	73	62	36	68	80	89	67	92	101	116	104	107	129	138	121	140	151	168	150	155	165	227	196	204	235	284	274	262
EPS ₹	5.83	9.63	9.12	7.17	4.05	7.60	8.87	9.95	7.47	10.19	11.24	12.87	11.52	11.86	14.26	15.31	13.46	15.54	16.70	18.67	16.65	17.16	17.87	23.71	20.49	21.30	24.57	29.74	28.68	27.45
Revenue YoY	—	—	—	—	-31.1%	-15.9%	-12.3%	-1.0%	36.5%	30.5%	35.6%	43.8%	53.8%	18.8%	14.1%	9.1%	13.9%	21.1%	15.5%	18.7%	15.6%	17.1%	19.7%	25.7%	25.7%	19.6%	19.8%	19.3%	23.0%	38.5%
Profit YoY	—	—	—	—	-20.8%	-10.5%	9.9%	44.0%	85.2%	34.7%	27.1%	29.8%	54.6%	16.6%	27.0%	19.1%	17.0%	31.2%	17.2%	22.0%	23.8%	10.4%	9.4%	34.5%	30.3%	31.5%	42.5%	25.5%	40.0%	29.0%

Earlier results (standalone, Sep '07 – Mar '19)

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

KEI Industries 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 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	974	910	1,165	1,723	1,658	1,619	2,031	2,326	2,797	3,496	4,227
Operating profit	41	62	89	150	171	153	193	242	274	338	442
Operating margin	4.2%	6.8%	7.7%	8.7%	10.3%	9.5%	9.5%	10.4%	9.8%	9.7%	10.5%
Other income	1	3	4	1	2	1	2	5	10	9	7
Interest	57	44	58	96	109	112	120	127	123	111	136
Depreciation	12	15	17	20	20	21	25	25	28	32	34
Profit before tax	-6	17	18	36	43	22	53	95	134	204	279
Tax	-7	3	7	12	17	10	19	33	35	60	97
Net profit	1	14	11	24	26	12	34	62	99	145	182

Quarters

showing latest 8 of 47 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†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	198	234	258	227	263	250	235	176	211	245	278	232	284	284	365	334	394	457	537	422	412	369	456	362	378	411	467	393	505	499	634	518	612	559	636	561	676	766	795	824	754	889	1,030	884	997	1,087	1,259
Operating profit	28	30	27	22	21	-3	2	6	20	21	15	17	19	24	29	28	34	40	48	43	46	41	40	34	34	41	44	38	48	52	55	55	59	61	68	56	67	78	74	77	76	84	101	86	101	118	138
Operating margin	14.1%	12.9%	10.5%	9.6%	7.9%	-1.3%	0.8%	3.4%	9.4%	8.6%	5.5%	7.5%	6.8%	8.3%	7.9%	8.4%	8.6%	8.7%	9.0%	10.2%	11.1%	11.2%	8.8%	9.4%	8.9%	10.0%	9.5%	9.7%	9.6%	10.4%	8.7%	10.6%	9.7%	10.9%	10.6%	10.0%	9.9%	10.2%	9.3%	9.3%	10.1%	9.5%	9.8%	9.7%	10.1%	10.8%	10.9%
Other income	-0	-0	1	1	0	-0	0	0	0	-0	3	0	1	1	1	0	0	0	1	0	0	-0	2	0	1	0	0	1	1	0	1	1	0	1	3	1	2	0	7	2	1	7	-1	1	1	1	4
Interest	10	10	8	10	13	16	17	10	11	12	12	12	14	15	18	19	21	27	28	27	29	26	27	27	26	28	31	27	29	32	33	33	30	32	31	27	32	34	30	30	27	25	29	29	30	35	42
Depreciation	2	2	2	3	3	3	3	4	4	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5	5	5	5	6	6	6	6	6	6	6	7	7	7	7	8	8	8	8	8	8	8	9	9
Profit before tax	16	18	14	10	2	-26	8	4	5	5	3	2	3	6	7	5	8	8	16	11	12	10	10	3	3	8	8	6	14	14	20	17	23	23	33	24	30	37	43	40	42	58	64	50	63	76	90
Tax	5	4	7	3	-0	-1	-9	1	1	1	1	0	1	1	5	2	3	2	5	4	4	5	4	2	2	3	4	2	4	5	7	5	7	8	12	7	7	10	11	13	13	19	14	18	22	27	30
Net profit	12	14	6	7	2	-24	17	3	4	4	3	1	2	5	2	3	5	6	11	7	7	6	6	1	1	5	4	4	9	9	13	12	15	15	20	17	23	27	32	27	28	39	50	32	41	48	60
EPS ₹	1.96	2.28	1.07	1.16	0.31	-4.02	2.76	0.49	0.72	0.69	0.43	0.20	—	0.79	0.28	0.39	0.81	0.84	1.59	1.05	1.08	0.83	0.89	0.14	0.20	0.66	0.58	0.47	1.20	1.15	1.65	1.52	1.99	1.92	2.63	2.19	2.96	3.49	4.06	3.53	3.66	4.98	6.32	4.11	5.27	6.14	7.60
Revenue YoY	—	—	—	—	32.4%	6.9%	-9.1%	-22.5%	-19.6%	-1.9%	18.4%	31.6%	34.5%	15.9%	31.1%	44.3%	38.8%	60.9%	47.2%	26.2%	4.4%	-19.3%	-15.1%	-14.1%	-8.1%	11.4%	2.6%	8.4%	33.5%	21.4%	35.8%	32.0%	21.1%	12.1%	0.3%	8.2%	10.5%	36.9%	24.9%	46.9%	11.5%	16.0%	29.6%	7.3%	32.2%	22.4%	22.2%
Profit YoY	—	—	—	—	-83.8%	-281.3%	159.0%	-57.4%	134.6%	—	-84.4%	-56.8%	-45.1%	20.3%	-31.3%	102.3%	125.2%	11.9%	490.0%	166.9%	33.4%	3.4%	-41.3%	-85.8%	-79.8%	-16.5%	-31.5%	255.0%	529.9%	83.3%	193.4%	229.6%	65.9%	66.8%	61.9%	44.7%	49.1%	82.9%	55.9%	62.3%	24.5%	43.6%	56.7%	17.1%	45.2%	24.0%	20.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '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
ROE	17.0%	16.4%	15.8%	16.3%	15.4%	17.1%	18.5%	19.7%	17.6%	19.3%	18.3%	19.4%	18.4%	19.1%	18.5%	19.3%	18.4%	19.4%	18.1%	18.5%	12.0%	12.8%	12.8%	13.9%	13.8%	15.0%	14.7%
ROCE	25.1%	23.0%	22.7%	22.1%	20.3%	22.1%	23.4%	24.6%	22.2%	24.1%	24.4%	25.9%	24.8%	25.7%	24.7%	25.7%	25.1%	26.5%	23.7%	24.3%	16.6%	17.7%	17.7%	19.2%	18.9%	20.5%	19.8%
Net margin	5.2%	5.4%	5.5%	5.9%	6.5%	6.8%	6.9%	6.7%	6.6%	6.6%	6.6%	6.7%	6.9%	6.9%	7.1%	7.1%	7.2%	7.3%	7.2%	7.0%	7.2%	7.2%	7.4%	7.7%	7.8%	8.1%	7.9%
EBITDA margin	10.2%	10.0%	10.4%	10.5%	11.0%	11.3%	11.1%	10.8%	10.3%	10.1%	9.9%	10.0%	10.2%	10.2%	10.3%	10.4%	10.4%	10.5%	10.3%	10.1%	10.1%	10.0%	10.0%	10.3%	10.5%	11.1%	11.0%
Debt / equity	0.21	0.21	0.21	0.21	0.17	0.17	0.17	0.17	0.16	0.16	0.07	0.07	0.05	0.05	0.06	0.06	0.04	0.04	0.09	0.09	0.03	0.03	0.03	0.03	0.03	0.03	0.04
Interest coverage	3.54	3.71	4.49	5.57	7.38	8.84	10.35	11.93	13.56	15.56	17.03	18.69	19.50	20.31	21.66	20.69	18.78	17.71	16.30	15.74	17.84	18.81	19.78	20.61	20.23	20.89	21.10
Asset turnover	1.50	1.39	1.33	1.28	1.39	1.48	1.59	1.72	1.62	1.78	1.99	2.06	1.83	1.89	1.82	1.89	1.74	1.80	1.76	1.85	1.34	1.42	1.34	1.40	1.31	1.38	1.39

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 17 periods

	MAR '15‡	MAR '16‡	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	15	15	16	16	16	18	18	18	18	18	18	18	18	19	19	19	19
Other equity / reserves	304	367	446	589	762	1,489	1,756	2,118	2,326	2,571	2,840	3,130	3,440	5,767	6,169	6,646	7,184
Total equity	319	382	461	605	778	1,507	1,774	2,136	2,344	2,589	2,858	3,148	3,458	5,786	6,188	6,665	7,203
Borrowings	376	437	692	750	506	315	305	331	159	135	159	134	314	178	177	186	285
Current liabilities	—	—	1,318	1,423	1,814	1,653	1,142	1,333	879	1,118	1,168	1,431	1,293	1,348	1,626	2,078	2,161
Non-current liabilities	—	—	117	192	172	109	92	59	61	63	72	77	192	101	194	213	255
Total assets	1,345	1,464	1,896	2,220	2,764	3,269	3,008	3,527	3,284	3,770	4,098	4,656	4,943	7,235	8,008	8,956	9,619
Property, plant & equipment	—	—	402	404	486	496	474	474	474	484	499	541	714	756	754	1,307	1,396
Capital work-in-progress	302	358	3	23	32	11	7	17	5	15	39	121	138	385	1,051	1,002	1,272
Investments	3	3	3	3	2	1	1	2	2	1	1	2	2	2	2	2	5
Inventories	440	423	499	556	693	864	763	1,079	1,071	1,102	1,346	1,343	1,763	1,730	2,106	2,401	3,604
Receivables	473	568	825	1,023	1,091	1,368	1,350	1,396	1,084	1,388	1,284	1,518	1,495	1,797	1,663	1,842	1,677
Cash & equivalents	5	6	32	60	22	119	220	359	401	480	450	666	244	1,052	1,212	1,444	695

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 12 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	199	186	-29	191	623	-13	154	229	514	610	-32	840
Cash from investing	-17	-98	-63	-76	-275	11	75	-58	-137	-353	-1,501	-350
Cash from financing	-182	-87	229	-69	-386	99	-129	-31	-256	-72	1,919	-98
Capex	17	98	63	66	122	81	24	60	76	256	691	1,132
Free cash flow	182	88	-91	125	500	-94	130	169	438	355	-724	-292
Dividends paid	2	3	4	5	8	23	18	23	27	28	42	43

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹1,396 cr15%

CWIP

₹1,272 cr13%

Investments

₹5 cr0%

Inventories

₹3,604 cr37%

Receivables

₹1,677 cr17%

Cash & equivalents

₹695 cr7%

Other assets

₹970 cr10%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
KEI Industries Ltd.	38,125	3,988.00	36.1	5.29	14.7%

StoxGud checklist: Bearish setup · 3/10

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-14.7%

6 months-22.0%

1 year-2.5%

3Y CAGR+15.4%

5Y CAGR+32.5%

10Y CAGR+41.5%

50-day avg₹4,540.76

200-day avg₹4,809.61

RSI (14)33

Long-term financials (FY15–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹2,351 Cr	₹96 Cr	₹63 Cr
FY15	₹2,031 Cr	₹50 Cr	₹34 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare KEI Industries Ltd. with

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FAQs

What is the share price of KEI Industries Ltd.?

KEI Industries Ltd. (KEI) closed at ₹3,988.00 on NSE on 06 Nov 2026.

What is the market cap of KEI Industries Ltd.?

₹38,125 crore at the latest close.

What is the P/E ratio of KEI Industries Ltd.?

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

How fast is KEI Industries Ltd. growing?

KEI Industries Ltd.: revenue has compounded at 19.3% a year over three years; net profit at 24.4% a year. Latest-quarter revenue is up 38.5% year on year, profit up 29.0%.

How profitable is KEI Industries Ltd.?

On a trailing-twelve-month basis return on equity is 14.7%, return on capital employed 19.8%, operating margin 11.0%, net margin 7.9%.

How much debt does KEI Industries Ltd. have?

KEI Industries Ltd. is debt-free: debt to equity is 0.04 with borrowings of ₹285 cr against cash of ₹695 cr (balance sheet of 2026-09-30). Operating profit covers interest 21.1 times.

Financials parsed from KEI Industries Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '15. * = 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.