KEC

KEC International share price & results

KEC International Limited· Construction· Industrials

Results to
Sept 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

EPC major building power transmission, civil, rail, pipeline, renewable & cable projects in 110+ countries.

Company research is public. Sign in to keep your own companies, notes and cases.

Inve AI Signals on KEC
Direct bridge to live research & tools watching KEC International Limited
Guidance Hit Rate
16 targets · 38% hit rate 3 achieved · 8 active →
Segment Shift
2 segments tracked See revenue & margin mix below →
Reverse DCF
Implied Growth Test priced-in growth in DCF tool →
Concall & Tone
Q4 FY26 analysed Read claims, qualifiers & Q&A →

Price & Snapshot

₹333.7 −0.98% · −₹3.3

Last close 9 Nov 2026 · NSE · INR · Source: Inve

Performance −56.1% 1Y

₹300₹400₹500₹600₹700₹800Nov 25Dec 25Feb 26Mar 26May 26Jun 26Aug 26Sept 26Nov 26Q3 FY26 — 30 Jan 2026Q4 FY26 — 18 May 2026

1Y: ₹759.35 on 7 Nov 2025 → ₹333.7. High ₹797.7 (12 Nov 2025), low ₹316.35 (3 Nov 2026).

Previous close
₹337
Market cap
₹8.9k Cr
52-week range
₹316.35 – ₹797.7
One year
−53.80%
Price to earnings (TTM to Sept 2026)
18.90×
Return on equity (TTM to Sept 2026)
7.72%

Reported

Key financial metrics & valuation ratios

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue5,468 ₹ crore−10.2% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin5.0 %−2.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit30.0 ₹ crore−81.4% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity7.72 %−0.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin-2.94 %−4.2 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026
(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)-1.94 %−2.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026
Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Business Mix

Where revenue comes from

EPC shrank from 92% to 88% of revenue over the last two years.

EPC 88.4% · ₹4,595.21 Cr −3.3% YoY
Others 11.6% · ₹600.67 Cr +56.9% YoY

Explore full multi-period segment shift & margins →

Guidance

What management said, and what became of it

3 of 8 judged targets kept · 8 open · verdicts reflect calls analysed to Q4 FY26.

KEC International Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (3 achieved, 5 missed, 8 open).

Watch execution in Growth & Demand (1 delayed/missed) · Operations & Margins (1 achieved · 1 delayed/missed).

TargetOriginal wordingSaidLatest callVerdict
Operations EBITDA Margin
8% to 8.5% for FY26
Call transcript, Q4 FY25 · 27 May 2025
Q4 FY25
Q4 FY26:Achieved a full-year EBITDA margin within the revised 7-7.5% range (Q4 at 7.0%), but missed the original 8-8.5% target.
Call transcript, Q4 FY26 · 18 May 2026
Achieved*
Operations Net Working Capital Days
100 days by end of FY26
Call transcript, Q4 FY25 · 27 May 2025
Q4 FY25
Q4 FY26:Achieved 135 days, significantly missing both the original target of 100 days and the revised target of 110-115 days.
Call transcript, Q4 FY26 · 18 May 2026
Missed
Growth Cables Revenue
around ₹3,500 crores revenue by FY27
Call transcript, Q4 FY25 · 27 May 2025
Q4 FY25
Q4 FY26:Management guided for ~15% growth in FY27, which projects to revenue far below the ₹3,500 crore target, putting the promise at significant risk.
Call transcript, Q4 FY26 · 18 May 2026
At Risk

Source: Inve Guidance Tracker for KEC International Limited · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of KEC International Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Sector context

Sector call context

Shared sector pressures matched to this company’s latest reporting period.

Similar pressures reported by peers

Tailwind coverage is not available yet.

Similar commentary provides sector context; it does not establish a business relationship with KEC International Limited. Each comparison matches a headwind disclosed by KEC International Limited in the same calendar reporting quarter.

  • Led to INR380-400 crores revenue deferment in Q4, supply chain disruptions, and increased…

    Topic: Freight and shipping · Logistics supply chain · Q4 FY26

    KEC International Limited reported: Led to INR380-400 crores revenue deferment in Q4, supply chain disruptions, and increased freight costs. Expected to have continuing impact in Q1 FY27.

    Reporting period ended 2026-03-31

    2 other companies · Logistics supply chain

    H.G. Infra Engineering Limited (HGINFRA) reported (period ended 2026-03-31): Continued headwinds from West Asian conflict, geopolitical outlook, supply chain disruptions, elevated freight, war risk insurance, shipping delays, energy crisis, fuel/forex volatility, and commodity price increases are leading to higher input costs and margin pressures.

    M & B Engineering Limited (MBEL) reported (period ended 2026-03-31): Caused margin pressure, execution delays, increased export freight costs, input material delivery issues, steel mill shutdowns, and gas supply problems in Q4 FY26.

    Evidence drawer

    Evidence type: Summary paraphrase

    Led to INR380-400 crores revenue deferment in Q4, supply chain disruptions, and increased freight costs. Expected to have continuing impact in Q1 FY27.

    Source company: KEC International Limited · Reporting period ended 2026-03-31 · Calendar quarter: Q4 FY26 · Distinct companies matched: 2

    Similar commentary provides sector context; it does not establish a business relationship.

From available earnings-call summaries. Disclosures are management statements, not independently verified transactions.

Live Summary

KEC ₹333.7 −0.98%
Guidance Verdict (16 tracked) 3 kept · 8 open· 5 missed
AI Call Brief · Q4 FY26

K E C Intl. Q4 FY26

Overview

Symbol
NSE:KEC
Industry
Industrials
Exchange
NSE
Currency
INR

What KEC International Limited does

Based on the company's own presentations, annual report and earnings calls.

KEC International is an engineering, procurement and construction (EPC) company that designs, manufactures and executes infrastructure projects across six businesses: power transmission & distribution, civil works (buildings, water, data centres, defence), railways (metros, OHE, signalling including Kavach, track works), oil & gas pipelines, renewables (solar and wind EPC), and cables & conductors. It earns by winning and executing turnkey EPC contracts for utilities, governments and industrial clients, and by manufacturing and supplying transmission towers, conductors and cables both for its own projects and to third parties globally. The company traces its history to 1945 as a power transmission EPC company and is part of the RPG Group.

Segments

  • Power Transmission & Distribution
  • Civil
  • Transportation
  • Oil & Gas Pipelines
  • Renewables
  • Cables & Conductors
Global footprint
110+ countries (EPC and supply)
Manufacturing facilities
8
Installed tower manufacturing capacity
~4,80,000 MT
Employees
8,000+
Ongoing projects
250+
Business segments
6 (Power T&D, Civil, Transportation, Oil & Gas Pipelines, Renewables, Cables & Conductors)
Founded 1945Headquarters Mumbai, Maharashtra, IndiaEmployees 8,000 (Q4 FY26) Company website

How the price took the results

Moved an average of ±7.3% across the last 2 priced result releases

Close before → close after
QuarterReleaseRevenue (₹ Cr) Net profit (₹ Cr)Rev YoYBefore → AfterReaction
Q4 FY2618 May 266,390 193−7.0%₹548.55 → ₹487.6−11.1%
Q3 FY2630 Jan 266,001 127+12.2%₹644.7 → ₹667.15+3.5%

The move from the last close before each results date to the first close on or after it — the market's first read on the quarter alongside what was filed.

Your own record

Start an Inve Case for KEC International Limited

Free account: one company. Everything above stays public.

Write why you follow KEC International Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Construction companies

PEER COMPARISON
Median ₹8,883 Cr Mkt Cap
₹0 Cr₹5,000 Cr₹10,000 Cr₹15,000 CrKEC International Limited (KEC): ₹8,883 Cr₹8,883 CrKECTechno Electric & Engineering Company Limited (TECHNOE): ₹11,010 Cr₹11,010 CrTECHNOEIrcon International Limited (IRCON): ₹10,174 Cr₹10,174 CrIRCONRITES Limited (RITES): ₹9,458 Cr₹9,458 CrRITESWelspun Enterprises Limited (WELENT): ₹9,428 Cr₹9,428 CrWELENTNCC Limited (NCC): ₹8,220 Cr₹8,220 CrNCCAfcons Infrastructure Limited (AFCONS): ₹7,940 Cr₹7,940 CrAFCONSPower Mech Projects Limited (POWERMECH): ₹7,608 Cr₹7,608 CrPOWERMECHG R Infraprojects Limited (GRINFRA): ₹7,577 Cr₹7,577 CrGRINFRA

All Construction companies → · Construction earnings growth →

Quick Answers

Frequently asked questions on KEC International Limited

Compiled directly from KEC's filed financial statements, earnings call transcripts, and ownership disclosures.

How did KEC International Limited (KEC) perform in its latest reported quarter (Sept 2026)?

For the quarter ended Sept 2026, KEC International Limited reported revenue of ₹5.5k Cr, net profit of ₹30 Cr, an operating margin of 5.0%. Diluted earnings per share stood at ₹1.12.

How is KEC International Limited (KEC) valued today, and what growth does the stock price imply?

KEC International Limited (KEC) trades at ₹333.7, with a market capitalization of ₹8.9k Cr.

Who owns KEC International Limited (KEC) — promoters, FIIs, DIIs, and mutual funds?

As of Sept 2026, Promoters hold 50.1%, FIIs hold 8.7%, DIIs hold 20.8%, Public shareholders hold 20.4%.

Learn to analyse KEC International Limited

Guides on how to read this kind of business and the numbers that matter.