Buy KEC International, target price Rs 467: HDFC Securities

HDFC Securities has buy call on KEC International with a target price of Rs 467. The current market price of KEC International is Rs 410.65. Time period given by analyst is one year when KEC International Ltd. price can reach defined target.

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10540.62 Crore) operating in Power sector.

KEC International Ltd. key Products/Revenue Segments include Income from Eng.Construction Contracts, Cables, Scrap, Towers & Structurals, Sale of services, Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 4278.17 Crore, up 27.90 % from last quarter Total Income of Rs 3345.06 Crore and down -2.17 % from last year same quarter Total Income of Rs 4372.87 Crore. Company reported net profit after tax of Rs 112.04 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.82 per cent stake in the company as of 31-Mar-2022, while FIIs owned 12.19 per cent, DIIs 26.39 per cent.