Buy KEI Industries, target Rs 658: Angel Broking

Angel Broking has buy call on KEI Industries Ltd. with a target price of Rs 658.0 . The current market price of KEI Industries Ltd. is Rs 535. Time period given by analyst is Long Term when KEI Industries Ltd. price can reach defined target.
KEI Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4788.94 Crore) operating in Cables sector.

KEI Industries Ltd. key Products/Revenue Segments include Cables which contributed Rs 3069.14 Crore to Sales Value (72.60 % of Total Sales), Income from EPC,Contracts,& Others which contributed Rs 965.83 Crore to Sales Value (22.84 % of Total Sales), Wires (Stainless Steel) which contributed Rs 136.85 Crore to Sales Value (3.23 % of Total Sales), Scrap which contributed Rs 31.79 Crore to Sales Value (0.75 % of Total Sales), Export Incentives which contributed Rs 14.39 Crore to Sales Value (0.34 % of Total Sales), Traded Goods which contributed Rs 4.61 Crore to Sales Value (0.10 % of Total Sales), Other Operating Revenue which contributed Rs 4.31 Crore to Sales Value (0.10 % of Total Sales) and Job Work which contributed Rs .04 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 1314.22 Crore, up 6.53 % from last quarter Sales of Rs 1233.70 Crore and up 20.77 % from last year same quarter Sales of Rs 1088.18 Crore Company has reported net profit after tax of Rs 72.45 Crore in latest quarter. The company’s top management includes Mr.Akshit Diviaj Gupta, Mr.Anil Gupta, Mr.K G Somani, Mr.Pawan Bholusaria, Mr.Rajeev Gupta, Mr.Vijay Bhushan, Mr.Vikram Bhartia, Mrs.Archana Gupta. Company has Pawan Shubham & Co. as its auditors As on 28-01-2020, the company has a total of 89,504,438 shares outstanding.