KEC International looks good for a medium to long-term kind of upside: Avinnash Gorakssakar, Miintdirect.com

In a chat with ET Now, Avinnash Gorakssakar, Head of Research at Miintdirect.com, shares his views on KEC International. Excerpts:



ET Now: A lot of people tell me that if you look at the fundamentals of the KEC International, it is not a bad stock to consider. You could probably look at it once market stabilises, but there is a big move out here. Do you like the story?

Avinnash Gorakssakar: The last Q4 numbers were quite encouraging, both on the topline as well as on profitability. Spike has come in after the company bagged a big thousand crore order. But 70%-75% comes from the export markets. They are a market leader even in the domestic market in the transmission tower line, so the order book is very strong. So, in terms of business visibility, the company does not have to bother about topline growth.

On the leverage side, they are trying to reduce the debt on the balance sheet, but overall, looking at the kind of investments coming in the power sector and in the distribution space, it suits a good medium to long-term kind of an upside.