Buy KEC International with a target of Rs 275.0 : Kunal Bothra

Independent Analyst, Kunal Bothra has a buy call on KEC International Ltd. with a target price of Rs 275. The current market price of KEC International Ltd. is Rs 246.2. The time period given by analyst is Intra Day when KEC International Ltd. price can reach defined target. Kunal Bothra recommended to keep stop loss at Rs 238.

KEC International Ltd., incorporated in the year 2005, is a midcap company (having a market cap of ₹ 6231.82 crore) operating in Power sector.

KEC International Ltd. key Products/Revenue Segments include Turnkey Contracts which contributed ₹ 5067.28 Cr to Sales Value (76.13 % of Total Sales), Transmissions which contributed ₹ 4493.97 Cr to Sales Value (67.52 % of Total Sales), Cables which contributed ₹ 1007.46 Cr to Sales Value (15.13 % of Total Sales), Others which contributed ₹ 573.31 Cr to Sales Value (8.61 % of Total Sales), Towers & Structurals which contributed ₹ 366.19 Cr to Sales Value (5.50 % of Total Sales), Sale of services which contributed ₹ 75.37 Cr to Sales Value (1.13 % of Total Sales), Towers which contributed ₹ 71.42 Cr to Sales Value (1.07 % of Total Sales), Scrap which contributed ₹ 70.64 Cr to Sales Value (1.06 % of Total Sales), Other Operating Income which contributed ₹ 41.72 Cr to Sales Value (0.62 % of Total Sales), Export Incentives which contributed ₹ 26.78 Cr to Sales Value (0.40 % of Total Sales), Telecom Products which contributed ₹ 3.12 Cr to Sales Value (0.04 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 2849.20 Cr., up 51.36% from last quarter Sales of ₹ 1882.44 Cr. and up 12.64% from last year same quarter Sales of ₹ 2529.56 Cr. Company has reported net profit after tax of ₹ 145.53 Cr. in latest quarter. The company’s CEO is Mr.Vimal Kejriwal. It's Board of Directors include Mr.A T Vaswani, Mr.Anand Kulkarni, Mr.D G Piramal, Mr.G L Mirchandani, Mr.H V Goenka, Mr.Neeraj Nanda, Mr.R D Chandak, Mr.Rajeev Aggarwal, Mr.Rakesh Amol, Mr.Randeep Narang, Mr.S M Kulkarni, Mr.S M Trehan, Mr.S S Thakur, Mr.V Jagannadha Rao, Mr.Vasudevan Narasimha, Mr.Vimal Kejriwal, Mr.Vinayak Chatterjee, Mrs.Nirupama Rao, Mr.V Jagannadha Rao. Company has its registered office at RPG House, , 463, Dr. Annie Besant Road,, Worli, Mumbai, 400030, Maharashtra. Company has Price Waterhouse & Co LLP as its auditors. As on 31-03-2017, the company has a total of 257,088,370 shares outstanding.