Buy KEC International, target price Rs 556: HDFC Securities

HDFC Securities has buy call on KEC International with a target price of Rs 556. The current market price of KEC International Ltd. is Rs 464.65.

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 11950.75 Crore) operating in Power sector.


KEC International Ltd. key Products/Revenue Segments include Income from Eng.Construction Contracts, Cables, Towers & Structurals, Scrap, Sale of services, Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-06-2021, the company has reported a Consolidated Total Income of Rs 2541.71 Crore, down -41.88 % from last quarter Total Income of Rs 4372.87 Crore and up 14.82 % from last year same quarter Total Income of Rs 2213.67 Crore. Company has reported net profit after tax of Rs 46.14 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.82 per cent stake in the company as of 30-Jun-2021, while FIIs owned 11.06 per cent, DIIs 26.52 per cent.