KEI Industries logo

KEI Industries share price

NSE: KEIBSE: 517569Industrial ProductsMid Cap

KEI Industries Limited · Face value ₹2 · Listed Mar 1995 on BSE, Mar 2006 on NSE
Last close ₹3,856.00down ₹14.50 (0.37%)BSE ₹3,852.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹3,870.50.

28 Oct: open ₹3,869.00, high ₹3,926.00, low ₹3,844.70

52-week range of traded prices to 28 Oct 2026
₹3,666.10Low, 23 Oct 2026₹5,899.00High, 18 Aug 2026
Market cap
₹36,864 Cr208th largest listed
P/E
34.92
P/B
5.12
Dividend yield
0.12%
ROE
15.8%
ROCE
18.2%
Debt to equity
0.04
Volume, NSE
2,60,88736.0% delivered

KEI Industries share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−5.1%over a year

Results20-session average 5,30,317 shares a day, 39.7% delivered

About KEI Industries

KEI Industries Limited makes wires and cables, from house wires sold through dealers to extra high voltage power cables, for homes, businesses, industry and infrastructure projects in India and abroad.123 It also makes stainless steel wire and builds power transmission and distribution projects, such as substations and underground cable networks, on a turnkey basis (handed over ready to run).23

Its range runs from low tension and high tension (lower and higher voltage) power cables to extra high voltage cables up to 400 kV (kilovolts), and includes control, instrumentation, solar, fire survival, marine and communication cables, house wires and winding wires.43 It has plants at Bhiwadi, Chopanki and Pathredi in Rajasthan, Silvassa and Chinchpada in Dadra and Nagar Haveli, and Sanand in Gujarat, and 4 offices abroad, in the UAE, South Africa, Nepal and Gambia.1 It exports to more than 60 countries, mainly in the Middle East, Australia, Africa, the United States and Europe.45

It was incorporated in 1992 and has its registered office in New Delhi.6 Anil Gupta is its chairman and managing director, and its promoters held 35.00% of the shares at the end of September 2026.67

KEI Industries key points

Results

  • Consolidated results, quarter to Sep 20268
    Itemquarter to Sep 2026quarter to Sep 2025
    Net sales₹3,776.42 crore₹2,726.35 crore
    EBITDA₹401.05 crore₹311.63 crore
    Profit after tax₹262.45 crore₹203.51 crore
    EBITDA: earnings before interest, tax, depreciation and amortisation.
  • In the year to Mar 2026, net sales rose 20.66% to ₹11,748 crore, EBITDA rose 30.56% to ₹1,388 crore, a margin of 11.81%, and profit after tax rose 31.88% to ₹918 crore.9

Business segments

  • Wires and cables. Wires and cables sales including exports were ₹3,639 crore in the quarter to Sep 2026, 96.35% of overall sales, against 95.68% a year earlier.10
  • Engineering, procurement and construction (EPC). EPC sales other than cable fell 3.78% in the quarter to Sep 2026, and EPC's contribution was 1.27% in the half year to Sep 2026; the company is reducing EPC work, which ties up capital longer.1112

Revenue mix

  • Largest sales channels, year to Mar 20261314
    Itemyear to Mar 2026
    Dealers and distributors (retail)₹6,349 crore
    Domestic institutional cables and wires₹2,688 crore
    Exports₹1,833 crore
  • In the quarter to Sep 2026, wires and cables sales through dealers and distributors grew 50.46% and were 58.79% of overall sales, against 54.12% a year earlier; the company had 2,146 active dealers at the end of September 2026.15
  • Sales of extra high voltage (EHV) cables, used in power transmission, were ₹217 crore in the quarter to Sep 2026, up 26.20% from ₹172 crore a year earlier.16

Where revenue comes from

  • Domestic wires and cables sales grew 45.76% in the quarter to Sep 2026 and 37.59% in the half year to Sep 2026; export sales of wires and cables rose 7.27% and 0.87% over the same periods.1718

Plants and capacity

  • Share of capacity used, quarter to Jun 202619
    Itemquarter to Jun 2026
    Cablesabout 72%
    House wires61%
    Stainless steel wire91%
    Communication cables45%
  • The company runs 10 manufacturing plants and makes its own PVC and XLPE compounds, the plastic insulation on its cables and wires.20
  • The company stated in its annual report for the year to Mar 2026 that Sanand Phase II, for extra high voltage cables up to 500 kV, is expected by March 2027, and Sanand, once fully operational, is expected to generate annual revenue of ₹6,000 crore.2122
  • The company stated in its annual report for the year to Mar 2026 that it plans to invest about ₹700 crore at Salarpur, Rajasthan, to add cable capacity and make its own galvanised iron (GI) wire, with the plant expected by September 2028.23

Order book

  • In its presentation of 21 Oct 2026, the company put its pending orders (orders received but not yet delivered) at about ₹5,185 crore.24
  • Pending orders, end of Jun 202625
    Itemquarter to Jun 2026
    Domestic cables₹2,400 crore
    Exports₹822 crore
    Extra high voltage cables₹793 crore
    EPC₹271 crore
    Total₹4,292 crore

What the company expects

  • The company stated in its annual report for the year to Mar 2026 that it puts growth in the year to Mar 2027 at 20%, mainly from Sanand and Chinchpada capacity, and expects an EBITDA margin of 11% to 12% over the medium term.2627
  • On its earnings call of 4 Aug 2026, the company said growth in the year to Mar 2027 would be more than 20%, its chairman said revenue growth would be more than 25%, and it expects ₹1,500 crore to ₹2,000 crore of revenue from Sanand.2829
  • The company stated in its annual report for the year to Mar 2026 that it targets revenue growth of about 20% a year and exports of 20% of sales over the medium term, and aspires to ₹25,000 crore revenue by the year to Mar 2030.303132
  • The company stated in its annual report for the year to Mar 2026 that it plans capital spending of ₹600 crore to ₹700 crore a year, funded entirely from its own cash generation.33

Recent events

  • In filings of 27 Jun 2026 and 23 Jun 2026, the company reported that CARE Ratings and ICRA had reaffirmed its credit ratings (an agency's view of its ability to repay debt): AA+ (Stable) for the long term and A1+ for the short term.3435
  • On 20 May 2026, the company agreed to invest ₹5.90 crore for a 26% stake, shared with other captive users, in Solarcraft Power India 24 Private Limited, to source up to 11.25 MW of solar power in Rajasthan.36
  • On 18 May 2026, ICRA said it had reviewed the company's ratings after income tax department search operations and left them unchanged; the documents give no outcome of the search.37
  • On 10 Dec 2025, the company started commercial production of low tension and high tension cables in the first phase of its Sanand plant in Gujarat, a project costing about ₹2,000 crore.3839

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 5 Sep 2026, page 150
  2. 2. Annual report, 5 Sep 2026, page 158
  3. 3. Annual report, 5 Sep 2026, page 152
  4. 4. Annual report, 5 Sep 2026, page 151
  5. 5. Annual report, 5 Sep 2026, page 62
  6. 6. Annual report, 5 Sep 2026, page 105
  7. 7. Investor presentation, 21 Oct 2026, page 12
  8. 8. Investor presentation, 21 Oct 2026, page 11
  9. 9. Annual report, 5 Sep 2026, page 42
  10. 10. Investor presentation, 21 Oct 2026, page 4
  11. 11. Investor presentation, 21 Oct 2026, page 6
  12. 12. Annual report, 5 Sep 2026, page 18
  13. 13. Annual report, 5 Sep 2026, page 42
  14. 14. Annual report, 5 Sep 2026, page 43
  15. 15. Investor presentation, 21 Oct 2026, page 4
  16. 16. Investor presentation, 21 Oct 2026, page 4
  17. 17. Investor presentation, 21 Oct 2026, page 4
  18. 18. Investor presentation, 21 Oct 2026, page 5
  19. 19. Earnings call, 4 Aug 2026, page 4
  20. 20. Annual report, 5 Sep 2026, page 48
  21. 21. Annual report, 5 Sep 2026, page 22
  22. 22. Annual report, 5 Sep 2026, page 17
  23. 23. Annual report, 5 Sep 2026, page 17
  24. 24. Investor presentation, 21 Oct 2026, page 8
  25. 25. Earnings call, 4 Aug 2026, page 4
  26. 26. Annual report, 5 Sep 2026, page 4
  27. 27. Annual report, 5 Sep 2026, page 43
  28. 28. Earnings call, 4 Aug 2026, page 12
  29. 29. Earnings call, 4 Aug 2026, page 7
  30. 30. Annual report, 5 Sep 2026, page 18
  31. 31. Annual report, 5 Sep 2026, page 17
  32. 32. Annual report, 5 Sep 2026, page 25
  33. 33. Annual report, 5 Sep 2026, page 4
  34. 34. Exchange filing, 27 Jun 2026, page 1
  35. 35. Exchange filing, 23 Jun 2026, page 1
  36. 36. Exchange filing, 20 May 2026, page 1
  37. 37. Exchange filing, 18 May 2026, page 2
  38. 38. Exchange filing, 10 Dec 2025, page 1
  39. 39. Exchange filing, 10 Dec 2025, page 2

Results

Consolidated; ₹ crore.KEI Industries quarterly results

Revenue growth, 12 months
+25.2%
Net profit growth, 12 months
+33.5%

Quarter to Sep 2026, against the quarter before

Revenue
₹3,776 Crup 18.56%
Net profit
₹262 Crdown 4.26%
Net margin
6.9%

Revenue by quarter

₹2,467 CrDec 24₹2,915 CrMar 25₹2,590 CrJun 25₹2,726 CrSep 25₹2,955 CrDec 25₹3,476 CrMar 26₹3,185 CrJun 26₹3,776 CrSep 26
Peak revenue ₹3,776 Cr, quarter to Sep 2026; lowest ₹2,467 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹165 CrDec 24₹227 CrMar 25₹196 CrJun 25₹204 CrSep 25₹235 CrDec 25₹284 CrMar 26₹274 CrJun 26₹262 CrSep 26
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue2,4672,9152,5902,7262,9553,4763,1853,776
Net profit165227196204235284274262
Net margin6.7%7.8%7.6%7.5%7.9%8.2%8.6%6.9%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Cables & Wires₹11,221 Crup 22.27%93.5%
  • EPC Project₹561 Crdown 14.45%4.7%
  • Stainless Steel Wire₹217 Crup 0.27%1.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.KEI Industries PE ratio and valuation

Price to earnings

At or below today's level on 65% of 2,478 trading days over the last 10 years.

LowestHighest
Its median27.23Industry median22.39
Price to book

At or below today's level on 41% of 1,850 trading days since Nov 2018.

LowestHighest
Its median5.74Industry median2.72
Dividend yield

At or below today's level on 29% of 2,404 trading days over the last 10 years.

LowestHighest
Its median0.18%Industry median0.41%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+39.7%+31.8%+5.9%0.1%
3 years+33.6%+22.0%+9.4%0.1%
5 years+50.7%+25.8%+19.6%0.1%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.KEI Industries shareholding pattern

Shareholding by group

  • Promoters35.00%
  • Foreign institutions26.14%
  • Indian institutions26.26%
  • Individuals and others12.61%
Holder
ANIL GUPTAPromoter11.39%
Projection Financial & Management Consultants Private LimitedPromoter8.26%
ANIL GUPTA HUF (Karta- Anil Gupta)Promoter4.86%
Shubh Laxmi Motels & Inns Private LimitedPromoter3.64%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I3.33%
Soubhagya Agency Private LimitedPromoter3.27%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.18 pts, Indian institutions +0.36 pts, mutual funds +0.48 pts.

Mutual fund holdings

230 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 109 of the 137 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 230 funds holding KEI Industries

Bought for the first time
4
Bought again
13
Added
75
Cut
62
Held unchanged
75
Sold out
13
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 28 Oct 2025.KEI Industries insider trading

Bought on the market Sold on the market
  • Directors and key managers0 purchases, 5 salesNo purchase₹12 CrNet−₹12 Cr1 off-market move
  • Others0 purchases, 13 salesNo purchase₹31 CrNet−₹31 Cr
  • Employees: no market trade · 9 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

KEI Industries competitors and peers

Cables - Electricals, 24 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to KEI Industries in market cap.Capital goods stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Polycab India logoPolycab IndiaPOLYCAB1,15,73536.678.84+40.7%+28.2%26.6%32.0%0.61%
R R Kabel logoR R KabelRRKABEL24,96741.099.70+37.7%+80.3%25.7%29.3%0.43%
Finolex Cables logoFinolex CablesFINCABLES17,58321.982.89+26.5%+29.2%13.8%10.8%0.78%
V Marc India logoV Marc IndiaVMARCIND4,69046.8716.20––41.8%–0.00%
Universal Cables logoUniversal CablesUNIVCABLES4,63223.122.45+33.6%+71.7%10.9%8.2%0.34%
Laser Power & Infra logoLaser Power & InfraLASERPOWER2,907––––––0.00%
Lumino Industries logoLumino IndustriesLUMINO2,756––––––0.00%
Paramount Communications logoParamount CommunicationsPARACABLES2,08629.002.27+19.5%−1.6%8.6%9.9%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.KEI Industries dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.6Mar 171Mar 181.2Mar 191.5Mar 202Mar 212.5Mar 223Mar 233.5Mar 244Mar 254.5Mar 26
Highest ₹4.50 a share, year to Mar 2026.
Ex-dateTypePer share
28 Jan 2026Interim₹4.50
27 Jan 2025Interim₹4.00
19 Mar 2024Interim₹3.50
3 Feb 2023Interim₹3.00
7 Feb 2022Interim₹2.50
9 Mar 2021Interim₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.KEI Industries announcements

KEI Industries share price by year

Each calendar year to 2025.KEI Industries share price history

YearClose at year endChangeHighest closeLowest close
20254,460.20+0.5%4,480.602,509.75
20244,436.65+36.5%4,825.902,980.95
20233,249.45+121.9%3,286.701,426.35
20221,464.70+25.4%1,641.25988.10
20211,168.05+145.0%1,223.80464.05
2020476.75+4.0%574.95220.50
2019458.25+27.6%593.95310.00
2018359.20−4.6%482.25251.50
2017376.55+204.0%409.45124.90
2016123.85+3.0%135.3090.20
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
27 Oct 20263,899.503,963.503,870.503,870.503,903.017,93,64255.4%
26 Oct 20263,720.003,912.003,685.203,899.503,829.079,43,49848.4%
23 Oct 20263,904.303,918.503,666.103,725.003,724.368,31,15335.5%
22 Oct 20264,099.804,099.803,744.803,873.003,886.9434,34,36029.8%
21 Oct 20264,454.004,454.004,218.104,230.404,303.352,58,44744.0%
19 Oct 20264,494.004,520.504,420.604,442.004,455.312,10,45434.9%
16 Oct 20264,610.104,642.404,480.004,482.304,549.562,80,88536.9%
15 Oct 20264,641.604,754.904,540.804,571.204,669.583,75,92924.3%
14 Oct 20264,658.204,705.004,549.304,648.004,640.622,65,61927.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
27 Feb 2025Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
Each event is noted and not adjusted for.

Company details

Chairperson and managing director
Anil Gupta
At the end of the quarter to Sep 2026
NSE symbol
KEI
BSE code
517569
ISIN
INE878B01027
Industry
Industrial Products
CIN
L74899DL1992PLC051527
Corporate identity number, the registrar of companies' code for it
Incorporated
1992
Registered office
D-90, Okhla Industrial Area, Phase 1, New Delhi 110020, Delhi
Share registrar
MAS Services Ltd
Keeps the register of shareholders and handles transfers and dividend payments