KEC International Limited (KEC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of KEC International Limited ₹359, price ₹372, upside -3.6%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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KEC International Limited
KEC · NSELow PriorityFair Value upside is limited and quality is weak.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹339.94 – ₹1,233 · fair‑value band ₹224.19 – ₹552.23 · the ₹372.35 price screens above the ₹358.95 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Company profile
KEC International Limited engages in the engineering, procurement, and construction (EPC) business.
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KEC International Limited engages in the engineering, procurement, and construction (EPC) business. It designs, manufactures, supplies, and erects transmission lines on turnkey basis; executes gas insulated transmission lines; undertakes EPC projects of high voltage electrical switching and distribution substations, as well as transmission lines in oil field areas; and turnkey solutions for railway contracts. The company also provides civil engineering solutions for transportation; urban infrastructure; industrial; residential and defense; commercial, public space, and datacenters; water; and international projects. In addition, it is involved in the provision of solar EPC services for large solar PV projects and PV solutions for industrial and commercial consumers; and design and engineering, project execution and management, bid management, and project feasibility analysis for large-scale solar photovoltaic power plants, as well as roof-top solar PV projects. Further, the company undertakes the construction of oil and gas / slurry pipelines and composite mechanical, civil, electrical, and instrumentation work in hydrocarbon facilities. The company manufactures and exports power cables, including EHV, HT and LV, telecom and optical fiber cables, control and instrumentation cables, and railway cables and conductors; special-purpose cables, such as cathodic protection, concentric, flat submersible, electric vehicle charging, hybrid, and green cables; and provides turnkey cabling solutions. KEC International Limited was founded in 1945 and is headquartered in Mumbai, India. KEC International Limited is a subsidiary of RPG Enterprises Limited.
Stock analysis
KEC International Limited (KEC) currently trades at ₹372.35, while our model-based Fair Value estimate is ₹358.95, so the stock looks roughly fairly valued today (gap 3.7%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹683.35 per share, and 11 of the 17 models we run sit above the ₹372.35 price.
Bear case: the Dividend Discount group reads lowest at ₹70.32, and 6 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹224.19 (bear) to ₹552.23 (bull), the price of ₹372.35 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 34/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
KEC International Limited reported revenue of ₹235B in FY2026 versus ₹135B in FY2022, a compound +14.8%/yr. Reported net income was ₹6.1B in FY2026, compounding +16.2%/yr from FY2022.
Key figures
Market cap ₹99.1B (≈ $1.0B) · P/E ratio 17.9 · P/S ratio 0.46 · EPS (TTM) ₹20.81 · Dividend yield 1.5% · Net margin 2.6% · Return on equity 10.5% · Return on assets (EBIT) 5.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 57% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −34% fair-value upside, at −4%, KEC screens cheaper than that median.
Fair Value models
All 17 models by family
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Set up alert →Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 25
Revenue & earnings trend
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Compare KEC International Limited with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 785 stocks
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Industrials
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $642.51 | $162.77 | −75% |
| Vinci SA DG | €105.60 | €186.22 | +76% |
| Comfort Systems USA, Inc FIX | $1,658 | $1,116 | −33% |
| Larsen & Toubro Limited LT | ₹3,876 | ₹1,994 | −49% |
| Samsung C&T Corporation 028260 | 367,000 KRW | 159,718 KRW | −56% |
| Ferrovial N.V FER | $55.77 | $21.74 | −61% |
| EMCOR Group EME | $762.21 | $525.05 | −31% |
| HOCHTIEF Aktiengesellschaft HOT | €397.20 | €203.86 | −49% |
| ACS, Actividades de Construcción y Servicios, S.A ACS | €93.60 | €62.20 | −34% |
| Bouygues SA EN | €43.14 | €66.31 | +54% |
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Key figures of KEC International Limited
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