KEI Expected to do better this year
KEI Industries is on growth path
As per an article in Economic Times, ET Intelligence Group, KEI Industries is expected to do better this year. The KEI Stock has gained approx. 40% over the past 3 months.
According to the ET article dated 3rd April 2017 “The company is expected to deliver 14% volume growth for the next two years and expand net margin given better product mix and lower interest costs”. The ET article further states that “analysts expect the company to deliver over 30% compounded earnings growth for the next two years”.
According to Mr. Rajeev Gupta, CFO, KEI Industries “The interest expense in the next financial year will fall sharply as we continue repaying debt”.
In the first 9 months of FY17 the company’s Sales grew by 12.25% to Rs. 2,040 Cr. and Net Profit rose by 60% YoY to Rs. 67 Cr.
About KEI Industries Ltd: KEI Industries is a Delhi based cable manufacturing company. It manufactures a varied range of cables from house wires to EHV cables. The company is among the market leaders for cables in India. KEI also provides some T&D related EPC solutions.