Here is a data-driven look at Kec International Ltd. (KEC), covering financial performance, valuation, and shareholding trends.
KEC Revenue Trend
Kec International Ltd. managed to grow its top line 9.8% in FY2025, with revenue hitting ₹21,918 Cr.
Stepping back, the 10-year revenue CAGR of 10.0% tells a positive story. Kec International Ltd. has been growing at a solid clip.
Kec International Ltd. is a major transmission towers company by revenue, with a top line of ₹21,918 Cr.
It's been 10 years of continuous revenue growth for Kec International Ltd. — a pattern worth noting.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹21,918 Cr | +9.8% |
| FY2024 | ₹19,967 Cr | +15.3% |
| FY2023 | ₹17,313 Cr | +25.9% |
| FY2022 | ₹13,756 Cr | +4.9% |
| FY2021 | ₹13,114 Cr | — |
View Kec International Ltd.'s full 10-year revenue trend with CAGR analysis →
KEC Profitability
Earnings came in strong at ₹571 Cr for FY2025, marking a 64.6% gain over the ₹347 Cr posted in FY2024.
The company squeezed out better margins in FY2025, with net margin at 2.6% versus 1.7% in FY2024.
On a per-share basis, diluted earnings were ₹21.80 in FY2025 versus ₹13.49 in FY2024.
Is KEC Undervalued
Under the P/E Ratio approach, Kec International Ltd.'s estimated fair value is ₹803 (61.3% upside).
Kec International Ltd. shares are currently trading at ₹498.05.
Craytheon also calculates intrinsic value using the EPS Growth model. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹803 | 61.3% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
See all valuation models for Kec International Ltd. with detailed assumptions →
KEC Shareholding Pattern
Promoter holding has remained stable at 50.1% over the past 4 quarters, indicating confidence in the company's direction.
Foreign institutions moved their stake down to 9.8% from 16.0% over the past year.
DII ownership is at 26.9%, up from the 22.6% recorded a year ago.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 50.1% | 9.8% | 26.9% | 13.2% |
| Dec 2025 | 50.1% | 11.8% | 25.5% | 12.7% |
| Sep 2025 | 50.1% | 15.9% | 22.5% | 11.4% |
| Jun 2025 | 50.1% | 16.0% | 22.6% | 11.3% |
Track quarterly shareholding changes for Kec International Ltd. →
KEC Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹221.80B at the end of FY2025, up 16.5% from ₹190.31B a year earlier.
Other Assets is the largest block at 61.5%, followed by Receivables at 22.8% and Property, Plant & Equipment at 6.3%.
Equity makes up 24.1% of liabilities and equity, with debt at 17.8% and operating liabilities at 58.0%. Over the year, debt is down 0.7% and equity is up 30.6%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 6.56B |
| Receivables | 50.51B |
| Inventories | 11.40B |
| Property, Plant & Equipment | 14.02B |
| Intangibles & Goodwill | 2.83B |
| Other Assets | 136.47B |
| Category | Value |
|---|---|
| Equity | 53.47B |
| Short-term Debt | 33.88B |
| Long-term Debt | 5.70B |
| Trade Payables | 106.01B |
| Other Liabilities | 22.74B |
KEC Key Highlights
Bringing the key threads together for Kec International Ltd. (KEC) as a transmission towers investment opportunity.
Revenue of ₹21,918 Cr in FY2025, up 9.8% year-over-year.
Long-term revenue has been compounding at 10.0% annually over 10 years.
The company is profitable, with a net margin of 2.6% and net income of ₹571 Cr.
The P/E Ratio model implies 61.3% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
See the full picture — Craytheon tracks 10 years of financial data with interactive charts, growth trends, and three valuation models for Kec International Ltd..