Kay Cee Energy & Infra Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹90 Cr
- P/E
- 4.80
- ROE
- 22.82%
- PEG
- 0.10
- Price to sales
- 0.55
- Debt to equity
- 0.73
- 52W high / low
- ₹216 / ₹72.9
- Sales growth (5Y)
- 36.22%
- EBITDA margin
- 19.48%
- Net profit margin
- 11.53%
- Promoter holding
- 63.41%
- Sales (last year)
- ₹163 Cr
Incorporated in 2015, Kay Cee Energy & Infra Ltd is in the EPC business[1]
Guidance scorecard · Q4 FY26 call
What Kay Cee's management guided
and where it ranks in Construction
Construction
RevenueQ4 FY26 call
10–20%- The unexecuted order book as of March 31, 2026, is approximately INR480 crores, executable over 12 to 18 months, indicating steady future revenue streams.
- There is a pipeline of around INR300 crores in tenders expected to be finalized within 1-2 months, supporting near-term growth opportunities.
- Growth is currently constrained mainly by tender delays, especially in Rajasthan, but the company is diversifying by bidding in other states like Bihar and Assam and targeting the Middle East (though with challenges).
2 more points from Kay Cee's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Kay Cee said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company is progressing on its plants in Kota; flooring is almost complete and shed work is ongoing.
- Machinery installation is planned to start within the next month and a half (as of May 2026).
- The expected margin improvement from backward integration and in-house production is around 1-2% at the PAT level.
2 more points from Kay Cee's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Kay Cee said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Flat- Current unexecuted order book as of March 31, 2026, is INR 481 crores.
- Execution timeline for the order book is approximately 12 to 18 months.
- Around INR 300 crores worth of tenders have been quoted recently; expected conversion is INR 140-150 crores.
- New bidding is ongoing, including INR 200 crores in the current month, with tenders opened but price bids pending.
- Government delays in tender openings and LOI issuance are impacting order finalization.
- Management is diversifying bidding pipeline beyond Rajasthan to states like Assam and Bihar.
2 more points from Kay Cee's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | 40%+ | Flat | ₹898 Cr | 7.6 | |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingFinancials of Kay Cee
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Kay Cee
Quarterly Results
Quarter-by-quarter operating performance
Financials of Kay Cee
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 35 | 50 | 61 | 64 | 153 | 164 |
| Expenses + | 33 | 45 | 51 | 52 | 126 | 133 |
| Operating Profit | 2 | 4 | 10 | 13 | 27 | 32 |
| OPM % | 6% | 9% | 17% | 20% | 18% | 19% |
| Other Income + | 1 | 1 | 0 | 0 | 0 | 1 |
| Interest | 0 | 1 | 3 | 4 | 5 | 8 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 4 | 8 | 9 | 23 | 25 |
| Tax % | 23% | 26% | 26% | 25% | 25% | 26% |
| Net Profit + | 2 | 3 | 6 | 7 | 17 | 19 |
| EPS in Rs | 74.80 | 124.00 | 231.20 | 5.98 | 15.57 | 15.38 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Kay Cee
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0.25 | 0.25 | 0.25 | 11 | 11 | 12 |
| Reserves | 13 | 16 | 22 | 34 | 51 | 91 |
| Borrowings + | 3 | 6 | 23 | 26 | 55 | 75 |
| Other Liabilities + | 22 | 41 | 35 | 34 | 57 | 60 |
| Total Liabilities | 38 | 64 | 80 | 105 | 174 | 238 |
| Fixed Assets + | 1 | 16 | 15 | 17 | 20 | 20 |
| CWIP | 1 | 2 | 3 | 2 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 36 | 45 | 62 | 86 | 153 | 217 |
| Total Assets | 38 | 64 | 80 | 105 | 174 | 238 |
Financials of Kay Cee
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -13 | 11 | -14 | -12 | -22 | -35 |
| Cash from Investing Activity + | 0 | -16 | 0 | -3 | -2 | 1 |
| Cash from Financing Activity + | -1 | 3 | 14 | 15 | 25 | 37 |
| Net Cash Flow | -14 | -1 | -0 | -0 | 0 | 2 |
| Free Cash Flow | -14 | -5 | -14 | -16 | -25 | -36 |
| CFO/OP | -538% | 291% | -113% | -74% | -69% | -90% |
Financials of Kay Cee
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 77 | 64 | 38 | 98 | 96 | 74 |
| Inventory Days | 33 | 128 | 253 | 330 | 148 | 236 |
| Days Payable | 506 | 402 | 255 | 316 | 178 | 114 |
| Cash Conversion Cycle | -397 | -210 | 36 | 111 | 66 | 196 |
| Working Capital Days | -11 | 45 | 122 | 215 | 110 | 174 |
| ROCE % | 24% | 31% | 23% | 29% | 22% |
Guidance history
How Kay Cee's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | Flat |
| Q4 FY25 call → | 20–40% | Up 0–2% | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Kay Cee's management said in earlier quarters
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