# KEI Industries (KEI) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/kei

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹3,988
- Change: -1.80%
- As of: 2026-11-06
- 1D return: -1.80%
- 5D return: +5.78%
- 1M return: -12.93%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

KEI is in a confirmed daily downtrend as of 2026-11-06, with the price at ₹3988.00 trading below all major moving averages and the Supertrend indicator. The trend is established (ADX 37.08) and supported by negative slopes across the 20-day and 50-day EMAs and SMAs. Momentum remains weak, with the -DI (33.66) significantly outpacing the +DI (17.52). The stock is positioned near the lower end of its recent ranges (+14.4% in the 252-day range, +15.5% in the 50-day range), reflecting a current drawdown of -32.1% from its available high. While the monthly timeframe shows a bullish Supertrend, the ADX is weak (13.64), suggesting the longer-term trend lacks conviction. Volatility is elevated at 40.2% annualized, with an ATR of 3.89%, indicating significant price swings. Key resistance lies at ₹3994.43 (0.16% above), while immediate support is found at ₹3927.77 (-1.51% below). An active monthly Inside Bar pattern suggests potential for a breakout or breakdown, but the prevailing daily structure favors downside pressure until proven otherwise.

- Daily trend is bearish and established (ADX 37.08); price trades below all key MAs and Supertrend.
- Momentum is weak: -DI (33.66) dominates +DI (17.52); returns are negative over 1m (-12.5%) and 3m (-28.7%).
- Price is near lower-range extremes: +14.4% above 252-day low, -32.1% from 252-day high.
- Immediate resistance at ₹3994.43; support at ₹3927.77 (-1.51%). Monthly Supertrend remains bullish but weak (ADX 13.64).

- Inside Bar
- Outside Bar
- Doji
- Shooting Star

### News Context

KEI Industries has advanced its capacity expansion strategy with the commercialization of its Sanand facility in FY27. This operational milestone is underpinned by a capital raise of ₹2,000 crore through a Qualified Institutional Placement (QIP) completed in November 2024. The company has outlined plans for additional capital expenditure of ₹600–700 crore over the next three years to support further growth. A recent analysis titled 'Valuations Rewired For Risks and Rewards' highlights these developments as central to the company's current valuation framework, suggesting that market participants are reassessing KEI’s risk-reward profile in light of this new production capacity and funding structure.

- Sanand facility commercialized in FY27, marking a key capacity expansion milestone.
- ₹2,000 crore raised via QIP in November 2024 to fund expansion efforts.
- Planned capex of ₹600–700 crore scheduled over the next three years.
- Third-party analysis links these operational and financial moves to a re-evaluation of the company's valuation metrics.

- [KEI Industries: Valuations Rewired For Risks and Rewards](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/kei-industries-valuations-rewired-for-risks-and-rewards/article71646136.ece)

### Fundamentals

KEI Industries demonstrates robust top-line expansion with Q2 FY2026-27 revenue rising to ₹3,776 crore, a 39% year-on-year increase. However, profitability metrics softened sequentially; operating profit declined from ₹369 crore in Q1 to ₹353 crore in Q2, and net profit fell from ₹274 crore to ₹262 crore. This compression suggests margin pressure despite higher sales volumes.

The balance sheet reflects an aggressive growth phase. Capital Work in Progress (CWIP) surged to ₹1,272 crore by September 2026, up from ₹385 crore in March 2025, indicating significant capacity addition. Consequently, borrowings rose to ₹350 crore, and cash reserves dropped sharply from ₹1,212 crore to ₹695 crore over the same period. Inventory levels also expanded materially, reaching ₹3,604 crore in September 2026 compared to ₹2,106 crore a year prior, contributing to a longer Cash Conversion Cycle of 102 days.

Earnings quality has shown resilience historically, with CFO/EBITDA recovering to 90% in FY2026 after a dip in FY2025. Long-term fundamentals remain strong, supported by a 23% compounded sales growth over five years and a 17% ROE. Institutional interest is evident, with DIIs increasing their stake to 26.26% by September 2026.

- Revenue Growth vs. Margin Pressure: Q2 FY2026-27 sales grew 39% YoY to ₹3,776 crore, yet sequential operating profit and net profit declined, highlighting potential cost or pricing headwinds.
- Aggressive Capex Funding: CWIP tripled to ₹1,272 crore (Sep 2026), funded partly by increased borrowings (₹350 crore) and a reduction in cash holdings (₹695 crore).
- Working Capital Expansion: Inventories rose to ₹3,604 crore, extending the Cash Conversion Cycle to 102 days and requiring careful monitoring of inventory turnover efficiency.
- Strong Historical Returns: The company maintains a 17% five-year ROE and 27% compounded profit growth, providing a solid baseline for the current expansion cycle.

### Bear Case

KEI Industries faces significant near-term headwinds, evidenced by a sharp technical deterioration and substantial valuation compression. As of November 6, 2026, the stock has entered a bearish trend across daily and weekly timeframes, with the Supertrend indicator signaling downside pressure. The share price closed at ₹3,988.0, reflecting a severe year-to-date decline of -11.7% and a three-month drop of -28.7%. The stock is currently trading in a deep drawdown of -32.1%, having experienced a maximum historical drawdown of -44.0%, indicating elevated volatility (annualized at +40.2%) and persistent selling pressure. While the company has raised capital through a QIP in November 2024 to support its Sanand facility commercialization, the current market setup suggests that investor sentiment remains cautious amid these broader technical weaknesses.

- Bearish Technical Trend: Daily and weekly Supertrend indicators are bearish, with negative slopes on EMA-20 and SMA-20/50 moving averages as of November 6, 2026.
- Significant Price Decline: The stock has fallen -28.7% over the past three months and -11.7% year-to-date, closing at ₹3,988.0.
- Elevated Volatility and Drawdown: Current drawdown stands at -32.1% against a maximum drawdown of -44.0%, with annualized volatility at +40.2%.
- Capital Raise Context: Commercialization of the Sanand facility is supported by ₹2,000 crore raised via QIP in November 2024, with further capex planned.

- [KEI Industries: Valuations Rewired For Risks and Rewards](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/kei-industries-valuations-rewired-for-risks-and-rewards/article71646136.ece)
- [KEI Industries Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_04112026152025_INTIMATION.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261104_152955220.xml)
- [KEI Industries Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_29102026171507_SignedTranscriptsIntimation.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261029_172855420.xml)
- [Disclosure pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KEI_22102026160603_intimation.pdf)
- [Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026160333_INTIMATION.pdf)
- [KEI Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026174153_Intimation.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261022_175931550.xml)
- [KEI Industries Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026190810_INTIMATION.pdf)

### FAQs

**What recent corporate actions and capital plans are shaping KEI Industries' near-term outlook?**

KEI Industries commercialized its Sanand facility in FY27. This expansion was supported by ₹2,000 crore raised via a Qualified Institutional Placement (QIP) in November 2024. The company has outlined plans for an additional ₹600-700 crore in capital expenditure over the next three years to sustain growth.

**When are the upcoming investor engagement events, and what information will be shared?**

KEI Industries has scheduled analyst and institutional investor meetings on November 16, 2026 (organized by JM Financial), and November 17, 2026 (organized by Spark Institutional Equities). These physical sessions will take place in Mumbai. The company confirmed that no unpublished price-sensitive information will be disclosed during these interactions.

**How has the stock performed technically over different timeframes as of November 6, 2026?**

As of November 6, 2026, the daily trend is bearish with the stock closing at ₹3,988.00, down -12.5% over the last month and -28.7% over three months. The stock is currently in a -32.1% drawdown from its peak. However, the monthly trend remains bullish, indicating longer-term momentum differs from short-term weakness.

**What are the key support and resistance levels for KEI Industries around the current price?**

Near-term resistance sits at ₹3,994.43 (0.16% above) and ₹4,051.47 (1.59% above). Immediate support levels are located at ₹3,927.77 (1.51% below) and ₹3,870.73 (2.94% below). The stock opened at ₹4,008.20 and traded between a low of ₹3,850.10 and high of ₹4,014.30 on this date.

- [KEI Industries: Valuations Rewired For Risks and Rewards](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/kei-industries-valuations-rewired-for-risks-and-rewards/article71646136.ece)
- [KEI Industries Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_04112026152025_INTIMATION.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261104_152955220.xml)
- [KEI Industries Limited has informed the Exchange about Transcript |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_29102026171507_SignedTranscriptsIntimation.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261029_172855420.xml)
- [Disclosure pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/KEI_22102026160603_intimation.pdf)
- [Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026160333_INTIMATION.pdf)
- [KEI Industries Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026174153_Intimation.pdf)
- [KEI INDUSTRIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261022_175931550.xml)
- [KEI Industries Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/KEI_22102026190810_INTIMATION.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹4,051.47
- Risk regime: Higher Price Risk

### Support levels
- 3867.356640625
- 3772.85
- 3601.1

### Resistance levels
- 4055.266015625
- 4209.565624999999
- 4235

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.80% |
| return_10 | +7.06% |
| return_1m | -12.49% |
| return_1y | +1.54% |
| return_20 | -12.93% |
| return_3m | -28.72% |
| return_5 | +5.78% |
| return_6m | -22.54% |
| return_since_start | -10.77% |
| return_ytd | -11.66% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -43.99% |
| annualized_volatility | +40.20% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# KEI Industries Limited FY2026-27 Q2: Revenue up 38.5% year on year

KEI Industries’ consolidated revenue from operations rose 38.5% year on year to ₹3,776 crore in the quarter ended 30 September 2026. Profit after tax increased 29.0% year on year, but declined 4.3% sequentially to ₹262 crore; inventories rose and cash and cash equivalents fell from their 31 March 2026 balances.

## Revenue growth and quarterly profitability

Revenue from operations increased from ₹2,726 crore in FY2025-26 Q2 and ₹3,185 crore in FY2026-27 Q1 to ₹3,776 crore in FY2026-27 Q2. Total income was ₹3,801 crore, up 18.6% from ₹3,205 crore in FY2026-27 Q1.

Expenses rose 21.6% sequentially to ₹3,448 crore, faster than revenue. Profit before tax was ₹353 crore, down from ₹369 crore in FY2026-27 Q1; profit after tax was ₹262 crore, versus ₹274 crore. Year on year, profit before tax increased 27.4% from ₹277 crore and profit after tax rose 29.0% from ₹204 crore. Diluted EPS was ₹27.44, compared with ₹28.66 in FY2026-27 Q1 and ₹21.28 in FY2025-26 Q2.

## Inventory and liquidity

Inventories stood at ₹3,604 crore as of 30 September 2026, compared with ₹2,401 crore at 31 March 2026 and ₹2,106 crore at 30 September 2025. Trade receivables were ₹1,677 crore, down from ₹1,842 crore at 31 March 2026 and slightly above ₹1,663 crore at 30 September 2025.

Cash and cash equivalents were ₹695 crore at 30 September 2026, down from ₹1,444 crore at 31 March 2026. Current liabilities rose to ₹2,161 crore from ₹2,078 crore over the same period, while trade payables were broadly unchanged at ₹1,333 crore versus ₹1,335 crore.

## Assets and equity

Total assets increased to ₹9,619 crore at 30 September 2026 from ₹8,956 crore at 31 March 2026. Property, plant and equipment rose to ₹1,396 crore from ₹1,307 crore, while capital work in progress increased to ₹1,272 crore from ₹1,002 crore. Equity was ₹7,203 crore, up from ₹6,665 crore at March-end.

## Management commentary

Management attributed the quarter’s growth mainly to broad-based demand in Wires & Cables. The segment recorded total sales of ₹3,639 crore, about 96% of Q2 FY2026-27 revenue, and the company reported a pending order book of approximately ₹5,185 crore. The dealer and distributor channel accounted for 58.79% of overall sales, compared with 54.12% a year earlier. Management also cited improved operating efficiency and product mix alongside reported year-on-year EBITDA growth of 28.69%.

## Key Takeaway

KEI delivered strong year-on-year revenue and profit growth, while sequential profit declined as expenses grew faster than revenue. The marked increase in inventory and lower cash balance are important balance-sheet developments alongside the quarter’s expansion.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +35.00%
- FII holding: +26.14%
- DII holding: +26.26%
- Mutual fund holding: +23.00%
- Retail holding: +9.60%
- Promoter pledged: +0.00%

### Major reported shareholders

- ANIL GUPTA — +11.39%
- Projection Financial & Management Consultants Private Limited — +8.26% (Bodies Corporate)
- ANIL GUPTA HUF (Karta- Anil Gupta) — +4.86%
- KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK NIFTY 500 MOMENTUM 50 INDEX FUND — +4.80%
- MOTILAL OSWAL BSE MIDCAP 150 MOMENTUM 30 INDEX FUND — +4.37%
- Shubh Laxmi Motels & Inns Private Limited — +3.64% (Bodies Corporate)
- ICICI PRUDENTIAL NIFTY 200 MOMENTUM 30 INDEX FUND — +3.41%
- GOVERNMENT PENSION FUND GLOBAL — +3.33%
- Soubhagya Agency Private Limited — +3.27% (Bodies Corporate)
- SMALLCAP WORLD FUND, INC — +2.12%

## Official filings

- 2026-11-04 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_04112026152025_INTIMATION.pdf)
- 2026-11-04 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261104_152955220.xml)
- 2026-10-29 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_29102026171507_SignedTranscriptsIntimation.pdf)
- 2026-10-29 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261029_172855420.xml)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_22102026160603_intimation.pdf)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_22102026160333_INTIMATION.pdf)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_22102026174153_Intimation.pdf)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261022_175931550.xml)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_22102026190810_INTIMATION.pdf)
- 2026-10-22 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261022_191039838.xml)
- 2026-10-21 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_21102026171923_Outcome.pdf)
- 2026-10-21 — Earnings Presentation: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.comKEI_21102026173110_Earning_Presentation_Sep_26.PDF)
- 2026-10-21 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_21102026185709_SignedKEIMonitoringReport.pdf)
- 2026-10-21 — Financial Results Filing: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1743588_21102026084829_WEB.xml)
- 2026-10-21 — Financial Results Filing: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1743589_21102026084846_WEB.xml)
- 2026-10-16 — Shareholding Disclosure: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739839_16102026031946_WEB.xml)
- 2026-10-15 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2379_WebXMLFile_20261015_174819314.xml)
- 2026-10-15 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_15102026175618_Intimation_signed.pdf)
- 2026-10-14 — Board Meeting Notice: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_14102026115406_Intimation_BM.pdf)
- 2026-10-14 — Board Meeting Notice: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2379_WebXMLFile_20261014_175806554.xml)
- 2026-10-14 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2379_WebXMLFile_20261014_175806554.xml)
- 2026-10-14 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_14102026183222_Intimation.pdf)
- 2026-10-14 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_14102026183933_SignedCertificate74_5_Intimation.pdf)
- 2026-10-13 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_13102026154607_Signed_Newspaper_Intimation.pdf)
- 2026-10-08 — Generic Announcement: KEI Industries Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/KEI_08102026161829_Intimation_signed.pdf)

## News and market events

- 2026-10-31 — The Hindu: **KEI Industries: Valuations Rewired For Risks and Rewards** — KEI Industries has commercialized its Sanand facility in FY27, supported by ₹2,000 crore raised through a QIP in November 2024, with plans for further ₹600-700 crore in capex over the next three years. — [Source](https://www.thehindubusinessline.com/portfolio/stock-fundamental-analysis-india/kei-industries-valuations-rewired-for-risks-and-rewards/article71646136.ece)
- 2026-10-29 — MONEYCONTROL: **Buy KEI Industries; target of Rs 4500: Geojit Financial Services** — Buy KEI Industries; target of Rs 4500: Geojit Financial Services Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio Platforms Share Price Kiren Rijiju MLC Election Results Moon Rise Time Today Silver Price Nagpur MLC Election Result Amazon Layoffs US Fed Rates Varanasi MLC Polls News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more — [Source](https://www.moneycontrol.com/news/business/stocks/buy-kei-industries-target-of-rs-4500-geojit-financial-services-14063335.html)
- 2026-10-27 — CNBC-TV18: **KEI Industries shares upgraded by JPMorgan on two key factors; Check price target** — KEI Industries now has more "buy" recommendations than it had since December 2022, with 23 out of the 27 analysts tracking the stock turning bullish. Three others have a "hold" recommendation, while one has a "sell" rating. — [Source](https://www.cnbctv18.com/market/kei-industries-share-price-jpmorgan-upgrades-two-key-factors-risk-reward-ultratech-impact-target-upside-20019928.htm)
- 2026-10-24 — Mint: **Cables and wires stock turned multibagger with 318% return in 5 years; InCred sees 29% upside - Do you own? Target price | Stock Market News** — KEI Industries reported strong September-quarter results, with revenue up 39%, EBITDA up 40% and profit after tax up nearly 29%. InCred Equities upgraded the stock to Add. Check target price — [Source](https://www.livemint.com/market/stock-market-news/cables-and-wires-stock-turned-multibagger-with-318-return-in-5-years-incred-sees-29-upside-do-you-own-target-price-11792836482555.html)
- 2026-10-23 — MONEYCONTROL: **Buy KEI Industries; target of Rs 5180: Motilal Oswal** — Buy KEI Industries; target of Rs 5180: Motilal Oswal Follow Us On: Stocks: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Others Trending Topics more Sensex Today Jio IPO Tonbo Imaging share price UP Elections iPhone Duo Elon Musk Annamalai Piyush Goyal Donald Trump Sonam Wangchuk News more Business Markets Stocks India News City News Economy Mutual Funds Personal Finance IPO News Startups Markets more Home Currencies Commodities Pre-Market IPO Global Market US Markets Bonds Silver MCX Price Gold MCX Price Personal Finance more Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance — [Source](https://www.moneycontrol.com/news/business/stocks/buy-kei-industries-target-of-rs-5180-motilal-oswal-14058468.html)
- 2026-10-22 — Mint: **KEI Industries shares: Down 15% in one month! Jefferies India sees 45% upside after Q2 results 2026 | Target, rationale | Stock Market News** — KEI Industries share price has fallen from around ₹4,575 to ₹3,869, correcting 15% in one month — [Source](https://www.livemint.com/market/stock-market-news/kei-industries-shares-down-15-in-one-month-jefferies-india-sees-45-upside-after-q2-results-2026-target-rationale-11792664720014.html)
- 2026-10-22 — CNBC-TV18: **Sensex, Nifty end lower for third day: Elevated crude, weak market breadth weigh on D-Street** — Indian equity benchmarks fell for the third consecutive session on Thursday, October 22, with the Sensex declining 460 points to 73,249 and the Nifty slipping 124 points to 22,688, below the 22,700 mark. Elevated crude oil prices, with Brent above $112 per barrel, weak market breadth and continued underperformance in midcaps weighed on sentiment, while the midcap index hit a six-month low. — [Source](https://www.cnbctv18.com/market/sensex-nifty-end-lower-for-third-day-elevated-crude-weak-market-breadth-weigh-on-d-street-20017066.htm)
- 2026-10-21 — CNBC-TV18: **Earnings Central: Growth meets margin pressure as Eternal, SRF, Indian Hotels report Q2 numbers** — Eternal’s food delivery growth gathers pace, Indian Hotels raises its FY27 outlook, and SRF and Vishal Mega Mart face market pressure. Here are the key takeaways from Wednesday’s earnings action. — [Source](https://www.cnbctv18.com/market/earnings-central-growth-meets-margin-pressure-as-eternal-srf-indian-hotels-report-q2-numbers-20016358.htm)
- 2026-10-21 — CNBC-TV18: **Stocks to Watch for October 22: M&M Fin, Indian Hotels, Bharat Electronics, Eternal and more** — From KEI Industries and Indian Hotels reporting their Q2 results to the Ministry of Defence signing a ₹770 crore contract with Bharat Electronics (BEL), here are the stocks to track ahead of Thursday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-october-22-mm-fin-indian-hotels-bharat-electronics-eternal-and-more-20016209.htm)
- 2026-10-21 — The Hindu: **Q2 Results Today Live: Eternal, Adani Green, Indian Hotels, SRF, Vishal Mega Mart, KEI Ind, M&M Financial Services, PC Jeweller Share to announce Q2 results** — Q2 Results Today, 21th October 2026 Live Updates: Follow the latest announcements and developments on the company's September quarter earnings, revenue and profit, updates on Aditya Birla Sun Life AMC, Adani Green Energy, Aye Finance, Eternal, PC Jewellers, KEI Industries, Mahindra & Mahindra Financial Services, SRF, Vishal Mega Mart, Indosolar, Welspun Specialty Solutions and others. — [Source](https://www.thehindubusinessline.com/companies/q2-results-today-live-updates-eternal-adani-green-indian-hotels-srf-vishal-mega-mafrt-kei-ind-mampm-financial-services-pc-jeweller-company-results-21-october-2026/article71606182.ece)
- 2026-10-21 — Mint: **Q2 results 2026 today: Eternal, Adani Green, Indian Hotels among 38 firms to announce quarterly earnings | Full list** — Q2 results 2026 today: Among the prominent companies scheduled to report their quarterly earnings today are Eternal, Adani Green Energy, Indian Hotels, SRF, Vishal Mega Mart, KEI Industries, Mahindra and Mahindra Financial Services, and PC Jeweller. — [Source](https://www.livemint.com/market/stock-market-news/q2-results-2026-today-eternal-adani-green-indian-hotels-among-38-firms-to-announce-quarterly-earnings-full-list-11792550102736.html)
- 2026-10-21 — CNBC-TV18: **Q2 Results LIVE Updates: Bajaj Finance, Just Dial react to earnings; Eternal, SRF report today** — Q2 Results LIVE Updates: Eternal, Aditya Birla Sun Life SMC, Indian Hotels, Adani Green Energy, PC Jeweller, M&M Finance, KEI Industries, Vishal Mega Mart, SRF, International Gemmological Institute, Wendt, are among the companies reporting their earnings today. Watch for all the LIVE updates. — [Source](https://www.cnbctv18.com/market/q2-results-live-updates-bajaj-finance-eternal-mm-fin-srf-vishal-mega-mart-kei-ireda-adani-indian-hotels-hzl-share-price-liveblog-20015663.htm)
- 2026-10-20 — CNBC-TV18: **Nifty Outlook for October 21: Higher oil prices dampen index recovery; focus back at lower levels** — The Nifty Bank too has closed very near to its near-term support zone of 55,500 and in case there happens to be sustained selling below that mark, it can take the index back down to 55,000 or even 54,500 on the downside. Any potential recovery on the upside could encounter hurdles at 56,000. — [Source](https://www.cnbctv18.com/market/trade-setup-nifty-prediction-outlook-october-21-jio-platforms-ipo-banks-higher-crude-key-levels-20015526.htm)
- 2026-10-01 — CNBC-TV18: **PM DHARA's ₹1.86 lakh crore scheme opens multi-year opportunity for transmission companies: Elara's Harshit Kapadia** — The PM Dhara scheme is expected to create a multi-year opportunity for transmission equipment makers, while railway and metro spending should support RITES and BEML, says Elara Securities' Harshit Kapadia. Which companies are best placed to benefit from these investments? — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-multi-year-opportunity-transmission-companies-elara-securities-hitachi-siemens-renewable-transmission-energy-kei-apar-beml-rites-polycab-vande-bharat-train-20002749.htm)
- 2026-10-01 — CNBC-TV18: **PM Dhara Scheme Unveiled - These stocks could be the likely beneficiaries** — Power Grid will be another potential beneficiary of this scheme, along with cables and power companies such as KEI Industries, Polycab, and others due to their Medium Voltage Power Cables (MV), and Extra High Voltage (EHV) power cables capabilities. — [Source](https://www.cnbctv18.com/market/pm-dhara-scheme-likely-beneficiaries-power-grid-ge-vernova-power-grid-polycab-cap-goods-share-price-capex-timeline-objectives-20002551.htm)
- 2026-09-23 — CNBC-TV18: **Foreign investors buy ₹1,617 crore of Indian shares after a day of heavy selling** — Foreign investors bought ₹1,617 crore of Indian shares on Wednesday after heavy selling a day earlier, while domestic institutions added another ₹2,341 crore. — [Source](https://www.cnbctv18.com/market/foreign-investors-buy-rs1617-crore-of-indian-shares-after-a-day-of-heavy-selling-19996931.htm)
- 2026-09-23 — CNBC-TV18: **Sensex, Nifty close at 2-week high: Crude, metals and financials drive gains** — The Sensex rose 299 points to 74,828, while the Nifty gained 118 points to 23,447. The Nifty Bank gained 333 points to 56,549, while the Midcap index rose 433 points to 62,396. — [Source](https://www.cnbctv18.com/market/sensex-nifty-close-at-2-week-high-crude-metals-and-financials-drive-gains-19996687.htm)
- 2026-09-21 — Economic Times: **Wires & cables face a new challenge: How Ultravolt’s big push could reshape India’s cable market - The Economic Times** — UltraTech Cement's breakthrough venture, Ultravolt, is set to disrupt India's wires and cables sector, heightening concerns for existing giants like Polycab India and KEI Industries, who are already seeing their stock values dip. With ambitions to secure a top-two market position within five years through bold tactics, Ultravolt's entry will primarily affect the residential market. Yet, the long-term outlook for the industry remains positive due to ongoing structural demand. — [Source](https://economictimes.indiatimes.com/wealth/invest/wires-cables-face-a-new-challenge-how-ultravolts-big-push-could-reshape-indias-cable-market/articleshow/134347311.cms)
- 2026-09-11 — Economic Times: **Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?** — Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cements entry into wires and cables. The brokerage expects some retail market-share pressure but believes KEI can offset the impact through power transmission cables and exports, retaining its Buy rating on the stock. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/jefferies-cuts-kei-industries-target-price-by-11-will-ultratechs-entry-put-the-company-at-risk/articleshow/134056011.cms)
- 2026-09-11 — MONEYCONTROL: **Buzzing Stocks: Neogen Chemicals shares fall 4% on QIP launch; Shankesh Jewellers surges 12% after Q1 profit doubles** — Buzzing Stocks — [Source](https://www.moneycontrol.com/news/business/markets/buzzing-stocks-neogen-chemicals-shares-fall-4-on-qip-launch-shankesh-jewellers-surges-12-after-q1-profit-doubles-14027603.html)
- 2026-09-10 — MONEYCONTROL: **UltraTech's Ultravolt entry to pressure wires margins; Kotak cuts target multiples** — UltraTech, UltraTech shares, UltraTech stocks, Kotak Institutional Equities, Polycab — [Source](https://www.moneycontrol.com/news/business/stocks/ultratech-s-ultravolt-entry-to-pressure-wires-margins-kotak-cuts-target-multiples-14026928.html)
- 2026-09-08 — BUSINESSTODAY: **Polycab India: Recent underperformance offers buying opportunity?** — Polycab India, cables and wires stocks, C&W industry, Polycab India target price, Indian stocks, brokerage views, share price, cable stocks, The Aditya Birla Group, wires and cables market, Ultravolt — [Source](https://www.businesstoday.in/markets/stocks/story/polycab-india-recent-underperformance-offers-buying-opportunity-price-target-jefferies-553986-2026-09-08)
- 2026-09-08 — Economic Times: **Ultravolt launch sparks sell-off in wire stocks; high-voltage players insulated** — The wire and cable industry faced stock declines amidst rumors of Ultravolts impending market entry. The Aditya Birla Group's initiative aims for a robust nationwide distribution and retail network, stirring competition among established players. Leaders like Polycab and Havells have felt the pinch with falling stock prices, though those in the mid-to-extra high voltage sector might remain relatively insulated from these changes. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/ultravolt-could-trip-retail-wire-players-high-voltage-companies-have-some-insulation/articleshow/133902246.cms)
- 2026-09-07 — CNBC-TV18: **FIIs turn marginal buyers on Monday, DIIs extend 20-session streak** — Foreign institutional investors turned marginal net buyers in Indian equities on Monday after selling on Friday, while domestic institutional investors extended their buying streak to 20 sessions. — [Source](https://www.cnbctv18.com/market/fiis-turn-marginal-buyers-on-monday-diis-extend-20-session-streak-19985900.htm)
- 2026-09-07 — BUSINESSTODAY: **UltraTech Cement’s cables & wires entry: Will peer stocks face near-term pressure?** — UltraTech Cement share price today, UltraTech Cement shares, UltraTech Cement share price, UltraTech Cement news — [Source](https://www.businesstoday.in/markets/stocks/story/ultratech-cements-cables-wires-entry-will-peer-stocks-face-near-term-pressure-553611-2026-09-07)

## Business profile

**Strategic vision:** Manufactures wires, cables, and provides EPC solutions.

### Business segments
- **Wires and Cables Manufacturing:** The company manufactures and markets a comprehensive range of wires and cables, including Extra High Voltage (EHV), High Voltage (HV), and Low Voltage (LV) power cables, along with specialized electrical wires and cables for various applications.
- **Engineering, Procurement, and Construction (EPC) Solutions:** KEI Industries offers turnkey solutions in the power transmission and distribution sector, encompassing design, engineering, supply, erection, testing, and commissioning for substations, power transmission and distribution systems, and railway electrification projects.

### Competitive strengths
- Offers integrated wire and cable solutions globally.
- Provides comprehensive turnkey EPC solutions in power transmission and distribution.
- Supplies products to over 60 countries.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/kei
Markdown representation: https://faxioms.com/stocks/kei?render=md