KEI Industries, a well-established Indian MNC, is a leading player in the electrical wire and cable industry. With its wide range of products and services, KEI Industries has made a name for itself in the market.
The company’s recent release of a new ad targeting youth has created a buzz in the market and has sparked discussions about KEI Industries’ future prospects. As the company continues to grow and expand its operations, many investors are curious about the KEI Industries share price target for 2023 to 2030.
Is KEI Industries a good auto stock to buy, and what can investors expect from the company in the coming years? These are the questions that many are asking, and this article aims to provide insights into KEI Industries’ share price target and future prospects.
About the Company
KEI Industries is an Indian electrical company that produces and distributes cables, wires, and other electrical products. It was founded in 1968 and is headquartered in New Delhi. KEI Industries is the largest producer of power and control cables in India and is a leading manufacturer of electrical products in the country. The company also offers a wide range of products, including wires, cables, switches, sockets, LED lighting, surge protectors, and transformers. KEI Industries has a strong presence in the Indian market, as well as in the Middle East, Africa, and Latin America. In addition to its own facilities, the company has partnerships with several international companies to expand its reach. KEI Industries is committed to providing reliable, high-quality products and services to its customers.
Stock history of KEI Industries
KEI Industries stock has been publicly listed on the National Stock Exchange of India since 2011. Since its listing in 2011, the stock of KEI Industries has seen an overall upwards trend with a few brief periods of decline.
The stock has been very volatile in the past few years, with its price dropping significantly in early 2020 due to the COVID-19 pandemic. However, it has since recovered to a high extent since then.
The stock has seen a drastic growth in the past few months and is currently trading at Rs. 1,540 (as of January 2023). Analysts expect the stock to continue to rise in the coming months as the company is expected to benefit from the government’s focus on infrastructure projects in India.
Latest news about KEI Industries
- Institutional investors hold a significant stake in KEI Industries Limited (NSE:KEI), accounting for 39% of the ownership.
- KEI Industries Limited (NSE:KEI) has a substantial ownership interest from institutional investors, constituting 39% of the ownership share.
- In the first quarter of FY24, KEI Industries witnessed a revenue increase to ₹1,790.90 crore. The company’s net profit for the June quarter of FY24 stood at ₹121.38 crore, marking a rise from ₹103.76 crore achieved during the corresponding period in fiscal year 2023.
- With a robust financial performance, KEI Industries has surged by 52% year-to-date in CY23.
How to buy KEI Industries shares?
To buy KEI Industries shares, open a demat and trading account with a broker of your choice, transfer funds to the trading account, research the company and its financials, identify the right time to buy, place a buy order, enter the number of shares you wish to buy and the price you are willing to pay, and review and confirm the order before submitting.
You can also buy shares from the following trading platforms:
| Zerodha | Click here |
| Upstox | Click here |
| Groww | Click here |
| AngelOne | Click here |
| ICICIDirect | Click here |
Share Price Prediction of KEI Industries: 2023 to 2030
Share Price Target 2023 of KEI Industries is ₹2,777.69
| When | Maximum Price | Minimum Price |
| August 2023 | ₹2,662.00 | ₹2,420.00 |
| September 2023 | ₹2,723.23 | ₹2,475.66 |
| October 2023 | ₹2,643.91 | ₹2,403.55 |
| November 2023 | ₹2,696.79 | ₹2,451.62 |
| December 2023 | ₹2,777.69 | ₹2,314.74 |
KEI Industries have performed really well in the last 2-3 years. The table represents the predicted share price of KEI Industries for the year 2023. KEI Industries’ highest share price prediction is in December 2023, with a price target of ₹2,777.69, while the lowest price prediction is in October2023, with a price target of ₹2,643.91 . Overall, the share price of KEI Industries is expected to show a bullish trend in 2023, with an average growth percentage of around 20%.
The uptrend in the share price is a positive sign for investors, indicating the potential for good returns in the future. The company’s focus on expanding its operations and targeting the youth market with its latest ad campaign is expected to drive its share price higher.
The minimum price target of ₹2,643.91 in October 2023 and the maximum price target of ₹2,777.69 in December 2023 are indications of the potential growth that KEI Industries can achieve in the next year.
Share Price Target 2024 of KEI Industries is ₹2,950.54
| When | Maximum Price | Minimum Price |
| January 2024 | ₹2789.38 | ₹2,306.45 |
| February 2024 | ₹2,802.56 | ₹2,077.13 |
| March 2024 | ₹2,923.75 | ₹2,133.13 |
| April 2024 | ₹2,485.23 | ₹1,834.79 |
| May 2024 | ₹1,987.69 | ₹1,528.99 |
| June 2024 | ₹2,385.23 | ₹1,834.79 |
| July 2024 | ₹2,027.44 | ₹1,571.66 |
| August 2024 | ₹2,230.19 | ₹1,769.99 |
| September 2024 | ₹2,341.70 | ₹1,801.30 |
| October 2024 | ₹2,754.94 | ₹2,119.18 |
| November 2024 | ₹2,892.68 | ₹2,225.14 |
| December 2024 | ₹2,950.54 | ₹2,269.64 |
The KEI Industries share price target for 2024 shows a bullish trend, with an average growth percentage of around 15%. The highest price prediction is in February 2024, with a target of₹2,802.56 while the lowest price prediction is in May 2024, with a target of ₹1,987.69. Despite the dip in May, the overall trend shows an upward movement in the share price. The company’s continued focus on expansion and reaching new markets is expected to drive the share price higher.
The maximum price target of ₹2,802.56 in February 2024 and the minimum price target of ₹1,987.69 in May 2024 indicate the potential for significant growth in the next year. These projections suggest that KEI Industries could be a good investment opportunity for those looking for a long-term return on their investments.
Share Price Target 2025 of KEI Industries is ₹3,579.05
| When | Maximum Price | Minimum Price |
| January 2025 | ₹3,009.55 | ₹2,315.04 |
| February 2025 | ₹3,167.94 | ₹2,436.88 |
| March 2025 | ₹3,326.34 | ₹2,558.72 |
| April 2025 | ₹2,969.95 | ₹2,284.58 |
| May 2025 | ₹2,699.95 | ₹2,076.89 |
| June 2025 | ₹2,969.95 | ₹2,284.58 |
| July 2025 | ₹2,828.52 | ₹2,175.79 |
| August 2025 | ₹2,946.38 | ₹2,266.44 |
| September 2025 | ₹3,093.70 | ₹2,379.77 |
| October 2025 | ₹3,279.32 | ₹2,522.55 |
| November 2025 | ₹3,508.87 | ₹2,699.13 |
| December 2025 | ₹3,579.05 | ₹2,753.11 |
The KEI Industries share price target for 2025 continues to show an upward trend, with an average growth percentage of around 10%. The highest price prediction is in November 2025, with a target of ₹3,508.87, while the lowest price prediction is in May 2025, with a target of ₹2,076.89. Despite the dip in May, the overall trend shows a steady increase in the share price. The company’s continued efforts to expand their product offerings and reach new markets are expected to drive the share price higher. The maximum price target of ₹3,508.87 in November 2025 and the minimum price target of ₹2,076.89 in May 2025 indicate the potential for steady growth in the next two years.
KEI Industries Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹2,505.33 | ₹1,753.73 |
| 2027 | ₹2,129.53 | ₹1,490.67 |
| 2028 | ₹3,833.16 | ₹2,683.21 |
| 2029 | ₹7,873.90 | ₹5,511.73 |
| 2030 | ₹8,768.67 | ₹6,138.07 |
The year 2026 to 2030 show a bullish trend in the share price of KEI Industries. In 2026, the maximum price is predicted to reach ₹2,505.33 while the minimum price is expected to be ₹1,753.73.
This is followed by a steady growth in 2027 with the maximum price of ₹2,129.53 and the minimum price of ₹1,490.67. However, 2028 sees a significant growth in the share price with the maximum price reaching ₹3,833.16 and the minimum price at ₹2,683.21.
The growth trend continues in 2029 and 2030 with maximum prices of ₹7,873.90 and ₹8,768.67 respectively, while the minimum prices are predicted to be ₹5,511.73 and ₹6,138.07 respectively.
Overall, the share price of KEI Industries is expected to show a positive trend in the coming years, making it a good auto stock to buy for investors.
Financial Condition of KEI Industries: Last 5 years
| Year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Sales +(Rs crore) | 4,884 | 4,181 | 5,727 | 6,912 | 7,129 |
| Expenses +(Rs crore) | 4,388 | 3,726 | 5,138 | 6,205 | 6,206 |
| Operating Profit(Rs crore) | 496 | 456 | 589 | 706 | 725 |
| OPM % | 10% | 11% | 10% | 10% | 10% |
| Other Income +(Rs crore) | 7 | 16 | 20 | 15 | 28 |
| Interest(Rs crore) | 136 | 129 | 57 | 40 | 34 |
| Depreciation(Rs crore) | 34 | 58 | 58 | 55 | 57 |
| Profit before tax(Rs crore) | 327 | 360 | 508 | 642 | 665 |
| Tax % | 35% | 22% | 25% | 26% | 26% |
| Net Profit +(Rs crore) | 255 | 270 | 376 | 477 | 495 |
| EPS in Rs | 28.50 | 29.92 | 41.75 | 52.93 | 54.88 |
| Dividend Payout % | 5% | 7% | 6% | 6% | 6% |
Over the past five years, KEI Industries has demonstrated a consistent trajectory of growth and financial stability. Beginning from the fiscal year 2019, the company’s sales have exhibited a commendable progression, increasing from INR 4,884 crore to INR 7,129 crore in the fiscal year 2023. Operating profit has consistently improved during this period, climbing from INR 496 crore to INR 725 crore, indicating the company’s effective management of expenses and operational efficiency.
Notably, the operating profit margin has been maintained at a stable 10%, reflecting the company’s steady profitability. Additionally, the company’s proactive approach is evident through the growth in other income, which has risen from INR 7 crore to INR 28 crore. Despite economic challenges, KEI Industries has effectively managed its financial costs, with interest declining from INR 136 crore to INR 34 crore over the same period. Importantly, the company’s consistent dividend payout percentage underscores its commitment to rewarding its shareholders.
The upward trend in net profit, from INR 255 crore to INR 495 crore, translates to a growth in earnings per share from INR 28.50 to INR 54.88, reaffirming the company’s profitability and value generation. KEI Industries’ resilient financial performance over these five years underscores its strategic acumen, operational excellence, and capacity to deliver sustainable growth.
FAQ’S
Will the share price of KEI Industries increase in 2023?
It is anticipated that KEI Industries’ per share price will increase to ₹2,777.69 by the end of 2023.
What is KEI Industries share price target for 2025?
KEI Industries could be trading in between Rs. 2,076.89 and Rs.3579.05
What is KEI Industries share price target for 2030?
It is projected that KEI Industries’ stock price could be approximately ₹8,768.67 per share by 2030.
Can KEI Industries’ reach 3000 INR?
Yes, according to our analysis, KEI Industries can touch 3000 INR by January 2025.
What is KEI Industries’ current market value?
As of now, the KEI Industries stock price is ₹2,140.00, with a market capitalisation of 193.57 billion INR.
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Points To Keep In Notice While Investing In KEI Industries:
- Debt reduction has been achieved by the company.
- The company’s debt burden has been significantly reduced, rendering it nearly debt-free.
- Notable profit growth of 27.0% compounded annually has been achieved by the company over the last five years.
- Improvement in debtor days is evident, transitioning from 93.3 days to 73.3 days.
- The stock is currently valued in the market at 9.11 times its book value.
- Over the past three years, there has been a decrease of -3.40% in promoter holding.
KEI Industries Share Price Target By Experts:
- Sharekhan has expressed a positive outlook on KEI Industries and has issued a buy recommendation for the stock in its research report dated August 01, 2023. The report suggests a target price of Rs 2665.
- In its research report dated August 01, 2023, Prabhudas Lilladher has advised a hold rating for KEI Industries and set a target price of Rs 2319.
Conclusion
The KEI Industries share price has the potential to grow significantly over the next decade, led by the company’s strong presence in the electrical equipment market; its well-diversified product portfolio; and its strong financial position. The company has a strong track record of delivering superior financial results, with profits rising steadily over the past five years. With the expected growth in the electrical equipment industry and the company’s focus on innovation and cost reduction, KEI Industries is well positioned to benefit from the market growth and reach its 2023-2030 share price target.
Considering the expert opinions from both Sharekhan and Prabhudas Lilladher, KEI Industries showcases positive prospects. Sharekhan’s bullish stance, with a recommended buy rating and a target price of Rs 2665, reflects an encouraging outlook. On the other hand, Prabhudas Lilladher’s hold rating and target price of Rs 2319 suggest a cautious perspective. Amidst these analyses, the company’s significant debt reduction, robust profit growth, improved debtor days, and its stock valuation at 9.11 times its book value indicate a fundamentally strong position. Investors may want to weigh these factors and expert views to make well-informed decisions about KEI Industries.
Hello, I am Neha. I am currently pursuing B.Sc (Hons.) Computer Science from Hansraj College, University of Delhi. I am skilled in web content writing and my interest lies in the field of Data Analytics, Finance and Marketing.
