KEI Industries
KEI Industries Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
KEI Industries expects around 17% to 18% volume growth in FY27, driven by capacity additions at the Sanand and Chinchpada plants. Volume growth guidance for FY27 is 17%-18%, primarily driven by new capacity additions at Sanand and Chinchpada plants.
From KEI Industries's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- KEI Industries expects around 17% to 18% volume growth in FY27, driven by capacity additions at the Sanand and Chinchpada plants.
- Value growth is anticipated to be around 20%+ annually, factoring in sustained or increasing prices.
- Export revenues are targeted to grow sharply, with export share guided at around 20% of total revenue for FY27.
- EHV (extra high voltage) cable segment expects about 20% growth this year, with further capacity ramp-up from Sanand.
- Operating leverage is expected to improve with more capacity coming online; EBITDA margins may improve by 20-25 basis points in FY27 and aim for 10.5%-11%.
- For FY28, volume growth could approach ~20% with ongoing capacity scale-up in Sanand.
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Profitability & Margins
See what KEI Industries said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- KEI Industries plans capital expenditure (capex) of around INR 600 to 700 crores annually for the next 2 to 3 years to add incremental capacity and sustain ~20% CAGR growth.
- Total planned investment is approximately INR 2,000 crores over the next 3 to 4 years.
- The company is investing in the second phase of the extra high-voltage (EHV) power cable capacity at the Sanand plant, expected to complete by Q4 FY27.
- They are developing new facilities in Bhiwadi and Baroda, including manufacturing medium voltage compounds (currently imported) and galvanized steel wire (cable armor wire), aiming for backward integration.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what KEI Industries said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- EPC order book: INR 309 crores as of March 31, 2026
- Extra High-Voltage (EHV) power cable order book: INR 625 crores
- L1 EHV power cable order: INR 233 crores (pending orders)
- Domestic cable institutional order book: INR 2,154 crores
- Export cable order book: INR 497 crores
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KEI Industries — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.5K Cr, net profit ₹284 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What KEI Industries Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
- Q4 FY23 earnings call →
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Frequently Asked Questions
What were KEI Industries Q4 FY26 results?
KEI Industries expects around 17% to 18% volume growth in FY27, driven by capacity additions at the Sanand and Chinchpada plants. Volume growth guidance for FY27 is 17%-18%, primarily driven by new capacity additions at Sanand and Chinchpada plants.
What is KEI Industries share price analysis?
KEI Industries currently shows a neutral. The stock trades at a P/E of 53.0 with a market cap of ₹52,844 Cr. Investors should review the full earnings analysis for detailed insights.
Is KEI Industries planning capital expenditure?
KEI Industries plans capital expenditure (capex) of around INR 600 to 700 crores annually for the next 2 to 3 years to add incremental capacity and sustain ~20% CAGR growth.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.