Buy KEI Industries, target price Rs 5230: Motilal Oswal

Motilal Oswal Financial Services has buy call on KEI Industries with a target price of Rs 5230. The current market price of KEI Industries Ltd. is Rs 4312.05.

KEI Industries Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 38867.44 Crore) operating in Cables sector.

KEI Industries Ltd. key Products/Revenue Segments include Cables, Income from EPC,Contracts,& Others, Stainless Steel Bars & Wires, Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2078.34 Crore, down -10.97 % from last quarter Total Income of Rs 2334.43 Crore and up 16.05 % from last year same quarter Total Income of Rs 1790.90 Crore. Company reported net profit after tax of Rs 150.25 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.08 per cent stake in the company as of 30-Jun-2024, while FIIs owned 30.75 per cent, DIIs 16.56 per cent.