KEC International Ltd
NSE:KEC
KEC International Ltd
KEC International Ltd., a vital arm of the RPG Group, is a prominent player in the global infrastructure engineering, procurement, and construction landscape. With roots tracing back to 1945, the company has firmly established itself in sectors like power transmission and distribution, railways, civil, smart infrastructure, and solar. KEC's prowess is rooted in its ability to design, manufacture, and install critical infrastructure components that power economies and connect regions. The company capitalizes on its vast network spread across 100 countries, leveraging its engineering acumen and a vast fleet of machinery. This expansive geographic and operational reach ensures that KEC remains a pivotal contributor to ambitious projects, transforming remote stretches into bustling corridors of commerce and connectivity.
Revenue streams are meticulously woven together through strategic contracts and partnerships spanning continents. In the intricate dance of infrastructure development, KEC International cuts through competitive markets by offering solutions from concept to commissioning. This integrated approach, combined with robust project management skills, ensures that every tower raised and every rail laid aligns with the growing aspirations of developing and developed nations alike. Moreover, by consistently expanding its capabilities, such as foraying into newer sectors like smart infrastructure, KEC continues to bolster its financial standing while remaining at the forefront of innovation. The company’s focus on efficiency, from tendering to delivery, underscores its ability to turn ambitious visions into concrete realities, thereby driving its financial success and reinforcing its position in the infrastructure sector.
KEC International Ltd., a vital arm of the RPG Group, is a prominent player in the global infrastructure engineering, procurement, and construction landscape. With roots tracing back to 1945, the company has firmly established itself in sectors like power transmission and distribution, railways, civil, smart infrastructure, and solar. KEC's prowess is rooted in its ability to design, manufacture, and install critical infrastructure components that power economies and connect regions. The company capitalizes on its vast network spread across 100 countries, leveraging its engineering acumen and a vast fleet of machinery. This expansive geographic and operational reach ensures that KEC remains a pivotal contributor to ambitious projects, transforming remote stretches into bustling corridors of commerce and connectivity.
Revenue streams are meticulously woven together through strategic contracts and partnerships spanning continents. In the intricate dance of infrastructure development, KEC International cuts through competitive markets by offering solutions from concept to commissioning. This integrated approach, combined with robust project management skills, ensures that every tower raised and every rail laid aligns with the growing aspirations of developing and developed nations alike. Moreover, by consistently expanding its capabilities, such as foraying into newer sectors like smart infrastructure, KEC continues to bolster its financial standing while remaining at the forefront of innovation. The company’s focus on efficiency, from tendering to delivery, underscores its ability to turn ambitious visions into concrete realities, thereby driving its financial success and reinforcing its position in the infrastructure sector.
Record Revenue: KEC delivered record Q3 revenue of INR 6,001 crores, growing 12% year-on-year, with strong momentum in the Transmission & Distribution (T&D) business.
Improved Margins: EBITDA margin for Q3 rose to 7.2%, up 20 basis points year-on-year, but full-year margin guidance was reduced to 7% to 7.5%, citing project delays and under-recovery.
Order Book Strength: The company’s total order book plus L1 stands above INR 41,000 crores, with 70% of new orders from T&D and a robust tender pipeline of INR 180,000 crores.
Debt Guidance: Net debt at the end of December was INR 6,806 crores but is expected to normalize to INR 5,500 crores by March, in line with prior targets.
Segment Performance: Civil and Water segments faced execution and payment challenges, while SAE Towers and Cable & Conductors reported strong growth and margins.
Execution Headwinds: Delays in client approvals, land acquisition, and labor shortages impacted execution and margin expansion, but management expects gradual improvement.
