Power & Infrastructure

KEC International

KECNSEMid CapParent: RPG Group

Live₹612.35syncing…

Power transmission EPC with industrial infrastructure exposure that includes potential semiconductor park work.

Market Cap

₹16.3k cr

Price

612

1Y 14%

Direct exposure

20/100

0–100 directness

Sell / Avoid

Fundamental

32/ 100

Quality of growth, returns, cash conversion and balance sheet

Technical (TQ-100)

72/ 100

B+

Trend, momentum, volume and relative strength composite

Valuation

35/ 100

Higher = cheaper vs peers and own history

Final composite

44/ 100

Blended decision input

Data transparency

What's real, what's pending, on this page

Real financials loaded

✓ Real / verified

· Live price, day change, market cap — NSE direct
· 1Y OHLCV, RSI(14), 50/200 DMA, 1M/3M/1Y returns, RS vs Nifty — computed from real NSE OHLCV
· Sector P/E — NSE direct
· Promoter %, pledge %, MF/FII/public split, 9-quarter history — Trendlyne
· Earnings call AI summaries — Trendlyne (where available)
· Technical (TQ-100) score — computed from real OHLCV
· Annual revenue / EBITDA / PAT / OCF / FCF / equity / assets — Trendlyne (audited annuals)

⚠ Analyst-set (qualitative)

· Segment classification + semicon directness score — analyst seed
· Bull/bear case + monitorables (curated thesis) — analyst seed
· Governance risk score (seed) — being replaced by AI-agent assessment
· Synthesized 5Y forecast removed entirely (was inaccurate)

Real financials extracted for 42 of 45 companies. See /data-sources for full provenance.

KEC International · KEC

₹612.35+31.71% over 6M

Price50 DMA200 DMA

RSI (14)

Momentum oscillator · 6M view

Volume (60D)

Fundamental score (SageOne 100)

32/ 100D

Growth 20 / Margin 15 / ROC 20 / Cash 15 / Leverage 10 / Reinvestment 8 / Accounting 7 / Governance 5 minus red flags (capped -20).

Base 36

Red flags -4

Growth quality/ 20

8.6

Rev 1Y 10.5% · 3Y CAGR 15.3%

Margin & profitability/ 15

1.9

EBITDA 4.7% · PAT 1.7%

Return on capital/ 20

8.6

ROCE 19% · ROE 8%

Cash flow quality/ 15

4.7

OCF/EBITDA 37% · FCF yield 0.4%

Leverage discipline/ 10

0.7

Net Debt/EBITDA 2.80x

Reinvestment runway/ 8

4.4

ROCE × retention proxy

Accounting quality/ 7

3.2

OCF conversion proxy

Governance/ 5

3.6

Pledge 0.0% · Risk 28/100

Red flags (1)

− Weak cash conversionOCF/EBITDA 37% < 50%-4

✓ Computed from real Trendlyne annuals (revenue, EBITDA, PAT, OCF, equity).

Technical score (TQ-100)

72/ 100B+

Computed from real 1Y OHLCV pulled from NSE direct: trend, momentum, volume, RS vs Nifty, MA cluster, mean reversion, volatility, patterns minus red flags.

Base 80

Red flags -8

Trend structure/ 20

17.2

Above 200DMA · -35% from 52W high

Momentum velocity/ 15

12.0

RSI(14) 50 · 1M 1.0%

Volume dynamics/ 15

10.5

Bucket: Mid Cap

Relative strength/ 15

8.0

RS vs Nifty 2%

MA cluster/ 10

10.0

200DMA + 1Y trend confirmation

Mean-reversion runway/ 10

8.3

RSI(14) 50; ideal 50-60

Volatility profile/ 8

6.8

Bucket: Mid Cap

Pattern integrity/ 7

7.0

Trend continuation proxy

Red flags (1)

− Deep drawdown-35% from 52W high-8

AI research agents

Re-classify segment exposure and re-assess governance risk by running fresh AI agents on the latest data. Results cache to data/agents.json.

Segment classifier

Maps to value-chain segments + computes 0-100 directness

Seed: Power & Infrastructure · 20/100

Governance assessor

Forensic-accounting flags + 0-100 risk score

Seed: 28/100 risk

AI thesis

Generates a fresh thesis grounded in this company's data. Wires to Anthropic when ANTHROPIC_API_KEY is set, otherwise returns a deterministic mock.

Curated thesis

Analyst-set bull, bear and monitorables · use AI thesis above for a fresh take

EPC indirectly tied to semicon parks; margin recovery the bigger driver of returns than semicon narrative.

Bull case

+Order book strong
+T&D capex tailwind
+Margin recovery setup

Bear case

−Heavy net debt
−Working capital
−Indirect semicon linkage

Key monitorables

Margin recoveryNet debt reductionOrder inflow mix

Semiconductor exposure

How direct, how visible

Primary segment

Power & Infrastructure

All segments

Power & Infrastructure

Exposure type

Ancillary

Policy beneficiary

Possible

Import substitution

Medium / Low

Governance risk score

28/100 (lower = better)

Financial snapshot

Latest reported metrics · mock data, ready for live financials

Rev growth (1Y)

10.5%

Rev CAGR (3Y)

15.3%

EBITDA margin

4.7%

PAT margin

1.7%

ROCE

19%

ROE

OCF / EBITDA

37%

Net Debt / EBITDA

2.8x

Promoter holding

50.6%

Promoter pledge

0.0%

Valuation

P/E (TTM)

23.0

Forward P/E

30.0

EV/EBITDA

17.9

EV/Sales

0.8

P/B

4.0

FCF Yield

0.4%

Dividend Yield

0.50%

Hist. percentile

65%

Peer percentile

55%

Technicals

RSI(14)

1M return

1.0%

1Y return

14%

From 52W high

-35%

RS vs Nifty

>200 DMA

Yes

Annual financials — real data

Extracted from Trendlyne · audited annuals · TTM + last 6 fiscal years

✓ Real

Line	TTM	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	₹19.9k cr	₹19.3k cr	₹17.4k cr	₹15.4k cr	₹12.6k cr	₹11.9k cr	₹10.5k cr
↳ YoY growth	+3.1%	+10.5%	+12.9%	+22.7%	+6.0%	+13.3%	—
EBITDA	₹1.1k cr	₹910 cr	₹887 cr	₹1.1k cr	₹1.3k cr	₹1.1k cr	₹1.1k cr
↳ EBITDA margin	5.8%	4.7%	5.1%	7.4%	10.0%	9.6%	10.7%
PAT	₹342 cr	₹324 cr	₹148 cr	₹180 cr	₹434 cr	₹646 cr	₹546 cr
↳ PAT margin	1.7%	1.7%	0.8%	1.2%	3.4%	5.4%	5.2%
OCF	₹245 cr	₹335 cr	₹569 cr	₹104 cr	₹838 cr	₹120 cr	₹171 cr
↳ OCF / EBITDA	21.4%	36.8%	64.2%	9.1%	66.5%	10.5%	15.2%
FCF (= OCF − capex)	₹209 cr	₹68 cr	₹279 cr	₹-257 cr	₹658 cr	₹-172 cr	₹77 cr
Total Equity	₹5.1k cr	₹4.1k cr	₹4.0k cr	₹3.9k cr	₹3.5k cr	₹2.8k cr	₹2.5k cr
Total Assets	₹19.8k cr	₹17.5k cr	₹17.3k cr	₹15.2k cr	₹13.4k cr	₹12.1k cr	₹11.1k cr
↳ ROE	6.7%	7.9%	3.7%	4.7%	12.3%	22.8%	21.9%
↳ ROA	1.7%	1.8%	0.9%	1.2%	3.2%	5.3%	4.9%

Source: Trendlyne (Standalone where Consolidated unavailable). Last refresh on real-data ingest.

Promoter pledge & shareholding history

From Trendlyne · 9 quarters · synced Invalid Date

Pledge: 0.0%

Promoter

50.1%

Mutual Funds

24.1%

FII

9.8%

Public

13.2%

Promoter holding trend

51.9

Mar

50.1

Jun

50.1

Sep

50.1

Dec

50.1

Mar

50.1

Jun

50.1

Sep

50.1

Dec

50.1

Mar

Δ:-1.8% over 9 quarters

Commentary

·Significant pledge of 26% existed in Mar 2024, fully released by Jun 2024 — major positive
·Promoter stable at 50.1% since

Management quality

Capital allocation, debt discipline, alignment, governance composite. Computed from disclosed metrics.

Capital allocation

Acceptable returns on capital, room for sharper allocation.

ROCE 19%, div yield 0.5%

Promoter holding

Promoter has strong skin in the game.

50.6%

Promoter pledge

No pledging — cleanest signal.

0.0%

Debt discipline

Watch — leverage building.

Net Debt/EBITDA 2.80x

Cash conversion

Weak cash conversion — investigate working capital and quality of earnings.

OCF/EBITDA 37%

Governance composite

Some watchpoints; nothing disqualifying.

28/100 risk

Variant perception

What the market is pricing in versus our read, and what would invalidate the thesis.

What the market is pricing in

Steady but unspectacular execution. Multiples reflect mid-pack expectations.

What we think it's missing

Consensus appears reasonable. Look for thesis-changing catalysts (margin inflection, new customer wins, segment mix shift) rather than narrative re-rating alone.

Thesis killers

×Leverage surprise — capex overrun without corresponding revenue ramp
×Working capital blowout disclosed in next quarterly result

References

Wire to live data sources in production

NSE filings Screener BSE corporate filings Annual report (latest)Concall transcript (latest)Investor presentation