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KEC Consensus Forecast
No. of reports in last year
10
No. of analysts
6
Average Consensus Forecast
459.8
Consensus Potential
-12.03%
KEC Price Target Potential
| Brokerage | Target | Potential |
|---|---|---|
| CD Equisearch | 514 | 0.84% |
| Axis Direct | 490 | -4.02% |
| Sharekhan | 565 | 9.79% |
| Nirmal Bang | 480 | -6.19% |
| HDFC Securities | 452 | -12.77% |
KEC Ratings
Long term KEC rating by FrontPage users
- ★★
- ★★
- ★★
- ★★
- ★★
4.9/5 (14 Ratings)
10 KEC share price target reports by brokerages below. See what is analyst's view on KEC share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
KEC Share Price Target
KEC Share Price Target - Broker Reports - 2021
CD Equisearch
20-Dec-21
Price @ Call: 459
Target: 514
ACCUMULATE
Axis Direct
3-Dec-21
Price @ Call: 432
Target: 490
BUY
Sharekhan
10-Nov-21
Price @ Call: 458
Target: 565
BUY
Nirmal Bang
28-Oct-21
Price @ Call: 476
Target: 480
ACCUMULATE
Axis Direct
12-Aug-21
Price @ Call: 396
Target: 430
HOLD
HDFC Securities
17-Jun-21
Price @ Call: 416.95
Target: 452
BUY
Prabhudas Lilladher
17-Jun-21
Price @ Call: 416.95
Target: 420
ACCUMULATE
Nirmal Bang
16-Jun-21
Price @ Call: 402.7
Target: 425
ACCUMULATE
Prabhudas Lilladher
12-May-21
Price @ Call: 381.8
Target: 420
ACCUMULATE
Prabhudas Lilladher
29-Jan-21
Price @ Call: 361.35
Target: 402
BUY
KEC Share Price Target - Broker Reports - 2020
Axis Direct
5-Nov-20
Price @ Call: 329.8
Target: 415
BUY
CD Equisearch
22-Oct-20
Price @ Call: 314.3
Target: 404
BUY
AnandRathi
23-Sep-20
Price @ Call: 310.34
Target: 398
BUY
Prabhudas Lilladher
29-May-20
Price @ Call: 196.15
Target: 295
BUY
KEC International (KECI) reported strong quarterly performance despite Covid-19 pandemic. Sturdy execution in T&D, railways and civil segments along with pickup in SAE business execution led to a strong performance. Order inflows for 4QFY20 stood at Rs27.7bn up 8.3% YoY majorly contributed towards T&D (39%), Railways (28%) and Civil business (24%). KECI’s OB stands at ~Rs205bn and is L1 order worth ~Rs24bn thus providing a strong revenue visibility. Management expects healthy orders primarily from Africa region, SAARC countries and MENA regions on the international front. On the domestic front, decent orders are expected from Railways, T&D and Solar segment. Given the robust order bid pipeline (~Rs350bn), strong order book, steady margin profile and healthy outlook in T&D segment as well as emerging segments such as Railways/Civil we believe KEC deliver 6% earnings CAGR over FY20‐22E. The stock is currently trading at 9.9x/8.0x FY21/FY22E. We maintain “BUY” with TP of Rs295.
Geojit Financial Services
7-May-20
Price @ Call: 201.87
Target: 237
BUY
Axis Direct
4-May-20
Price @ Call: 199.76
Target: 219
BUY
KEC International has a diversified order book with 35% of its order book sourced internationally. T&D contributes around 54% to the overall order book, 31% comes from Railways, and 11% from Civil construction. Renewable Energy, Smart Infra /Civil works, and Railways are the new opportunities where KEC has put its foot into and is growing at a pretty good pace. We expect non-T&D business of KEC to grow at approx. 14% CAGR vs flat growth in its T&D portfolio over FY20-22E thereby taking the share of non-T&D business to 40% of revenues size from 35% currently. Since KEC sources the majority of its businesses from institutions and the projects being financed by multilateral agencies, these would be relatively less disrupted due to COVD-19 impact. We have a Buy with target price of Rs 219.
Reliance Securities
27-Apr-20
Price @ Call: 178
Target: 328
BUY
The Management has guided that the revenue is expected to decline marginally (Rs3bn) in 4QFY20. Historically, the last quarter of the fiscal contributes meaningfully in so far as collections and orders inflow are concerned. f We downwardly revise our revenue and earnings estimates by 3%/18%/19% and 5%/31%/27% for FY20E/FY21E/FY22E to factor the near-term impact of COVID-led disruptions and a phased pick-up in execution by 2HFY21E. f Rolling over our estimate to FY23E, we maintain our BUY recommendation on the stock with a 2-year Target Price of Rs328 (from Rs450 earlier), valuing at 12x FY23E earnings (from 15xFY22E earlier).
Dolat Capital
7-Feb-20
Price @ Call: 352.12
Target: 420
BUY
KEC has given Q4FY20 revenue guidance of 16% YoY, which implies a 16% YoY revenue growth for the full year. Factoring in Q4FY20 guidance and the lower inflows in FY20, we marginally lower our estimates for sales/PAT by 2%/3% for FY20 and 5%/6% for FY21. We expect company to report sales and EPS CAGR of 16%/24% FY19- 22E. KEC is among the few engineering companies that has good growth visibility in a tough environment. We maintain our Buy rating for the stock, and value it at 14x for FY21E at a TP of `420.
Reliance Securities
10-Feb-20
Price @ Call: 351.25
Target: 450
BUY
At CMP, the stock trades at 13x FY21 & 11.5x FY22 earnings, Rolling over our estimate to FY22E, we maintain our BUY recommendation on the stock with a revised Target price of Rs450 (from Rs361 earlier).
Indiabulls Ventures
6-Feb-20
Price @ Call: 346.06
Target: 415
BUY
Prabhudas Lilladher
7-Feb-20
Price @ Call: 352.12
Target: 397
BUY
KEC International (KEC) reported PAT of Rs1.4bn (up 42% YoY) which was in line with our estimates on account of strong operational performance. Sturdy execution in T&D & railway segments along with pickup in execution momentum in SAE business, led to strong revenue performance. The YTD order inflows stood at Rs98bn majorly contributed towards T&D (35%), Railways (34%) and Civil business (24%). KEC’s order books stands at Rs220bn (Excluding L1 order worth Rs25bn) providing strong revenue visibility. Management has maintained its revenue growth guidance of 15- 20% with EBITDA margins of 10.5%. We believe given its strong 9M performance, the company would be able meet its revenue guidance. However, in order to meet 20% order inflows guidance, it would be challenging due to ongoing weak environment situations. In the domestic market, as per the management there are huge opportunities coming from Green Energy Corridor, States projects, Railways, Civil sector etc where KEC is well placed to garner market share. Further, Management believes the outlook on tender pipeline is looking strong in International markets primarily from Africa, Singapore, Thailand, Malaysia and Saudi regions. We believe that a strong order book, steady margin profile and healthy outlook in T&D segment and emerging segments like Railways/Civil will help KEC deliver 14.7% earnings CAGR over FY19‐21E. The stock is currently trading at 14.1x/11.4x FY20/FY21E. Based on 9MFY20 performance we have increased earnings estimates by 6%/9% for FY21E/22E. We maintain “BUY” with revised TP of Rs397 (earlier TP Rs375).
KEC Share Price Target - Broker Reports - 2019
Motilal Oswal
11-Nov-19
Price @ Call: 273.95
Target: 430
BUY
We maintain our Buy rating on the stock with TP of INR430/share given (a) the strong order book position (INR180b; 1.5x its FY19 revenue + L1 position of INR50b), (b) the declining business concentration risk due to foray into railways, civil, etc., and (c) reasonable valuations with earnings CAGR of 23% over FY19-21E. The stock trades at FY20/FY21E P/E of 11.3x/9.6x.
CD Equisearch
18-Dec-19
Price @ Call: 299.6
Target: 393
BUY
The stock currently trades at 13.3 x FY20e EPS of Rs 22.56 and 10.7x FY21e EPS of Rs 28.06. Growth opportunities in global T&D sector along with plethora of progressive measures implemented by the GOI to encourage investments in domestic T&D sector bodes well for KEC. Robust order execution would steer revenue growth of CAGR 13.7% during FY19-21 period. Although order inflow remained subdued mainly due to weakness in T&D segment, ordering momentum would see a pick up on back of recovery in bid pipeline in domestic T&D market and expected pickup in SAARC, Middle East and Africa – we expect order inflow to grow 1.1x by end of FY21 from FY19. It also stands to benefits from government’s focus on railway electrification (railway projects constituted 29% of its order book in H1FY20). Weighing odds, we recommend buying the stock with target price of Rs 393 (previous target Rs 409) based on 14x FY21e EPS of Rs 28.06 over a period of 9-12 months.
Sharekhan
12-Dec-19
Price @ Call: 283.51
Target: 350
BUY
Maintain Buy with a revised PT of Rs. 350: KEC has a strong overall order backlog of over Rs. 18,000 crore plus which along with scalability in the non-T&D business and stable execution in T&D is expected to help the management achieve a revenue growth guidance of 15-20% for FY2020. We have introduced FY2022E estimates and have rolled forward our valuation multiple to FY2022E, thus revising our price target to Rs. 350. Given the healthy order backlog and its ability to ramp up execution, we expect revenue and earnings CAGR of 15% and 22%, respectively, over FY2019-FY2021E, while the stock is trading at just 8.6x its FY2022E earnings. Hence we reiterate Buy with revised PT of Rs. 350.
Geojit Financial Services
13-Nov-19
Price @ Call: 273.95
Target: 330
BUY
International T&D opportunity is picking up from SAARC, Middle East region which could mitigate the muted trend in domestic T&D orders. Additionally, continued traction in railway, solar, civil & cable business will drive the top line. We value KEC at a P/E of 12x on FY21E EPS and maintain our BUY rating.
Sharekhan
11-Nov-19
Price @ Call: 273.95
Target: 325
BUY
KEC has a strong overall order backlog of Rs. 18,000 crore, which led to the management reiterating its revenue guidance of 15-20% for FY2020, led by scalability in the non- T&D business and stable execution in the T&D segment. Given a healthy order backlog and KEC’s ability to ramp-up execution, we expect revenue and earnings to clock CAGRs of 15% and 22%, respectively, over FY2019-FY2021E. We have fine-tuned our earnings estimates for FY2020-FY2021factoring corporate tax rate cut. We reiterate our Buy rating on the stock with an unchanged price target (PT) of Rs. 325.
Prabhudas Lilladher
8-Nov-19
Price @ Call: 267.75
Target: 375
BUY
The management is confident on execution momentum and maintained its revenue growth guidance of 15-20%, EBITDA margin of 10.5% (flat). However, meeting 20% order inflow guidance could be challenging due to ongoing weak environment situations. In the domestic market, management is positive on opportunities coming from Green Energy Corridor, States, Railways, Civil sector etc. In International markets, tender pipeline looks strong from Africa, Singapore, Thailand, Malaysia and Saudi. We believe that a strong order book, steady margin profile and healthy outlook in T&D segment and emerging segments like Railways/Civil will help KEC deliver 24% earnings CAGR over FY19‐21E. The stock is currently trading at 10.6x/9.2x FY20/FY21E. We maintain “BUY” with revised TP of Rs375 (13x FY21E).
Prabhudas Lilladher
8-Nov-19
Price @ Call: 267.75
Target: 375
BUY
The management is confident on execution momentum and maintained its revenue growth guidance of 15-20%, EBITDA margin of 10.5% (flat). However, meeting 20% order inflow guidance could be challenging due to ongoing weak environment situations. In the domestic market, management is positive on opportunities coming from Green Energy Corridor, States, Railways, Civil sector etc. In International markets, tender pipeline looks strong from Africa, Singapore, Thailand, Malaysia and Saudi. We believe that a strong order book, steady margin profile and healthy outlook in T&D segment and emerging segments like Railways/Civil will help KEC deliver 24% earnings CAGR over FY19‐21E. The stock is currently trading at 10.6x/9.2x FY20/FY21E. We maintain “BUY” with revised TP of Rs375 (13x FY21E).
Sharekhan
17-Sep-19
Price @ Call: 253.39
Target: 325
BUY
Maintain Buy with a revised PT of Rs. 325: We have revised ourestimates downwards for FY2021E factoring lowering order inflow for FY2020. We have also lowered our valuation multiple considering nearterm sluggishness in order tendering. KEC has corrected by ~25% over trailing two and half months on account of continued slowdown in order tendering. We expect KEC’s stock price has already built in sluggish macro environment and offers favourable risk reward to investors at current juncture. Hence, we have maintained our Buy rating on the stock withrevised PT of Rs. 325 (lowering FY2021E earnings and valuation multiple).
Sharekhan
13-Aug-19
Price @ Call: 291.05
Target: 375
BUY
Maintain Buy with an unchanged PT of Rs. 375: KEC has a strongoverall order backlog of Rs. 19,016 crore which led to management reiterating its revenue guidance of 15-20% for FY2020, led by scalability in the non-T&D business and stable execution in the T&D segment. Given the healthy order backlog and its ability to ramp-up execution, we expect revenue and earnings CAGR of 18% and 21%, respectively, over FY2019-FY2021E. We reiterate our Buy rating on the stock with an unchanged price target (PT) of Rs. 375.
ICICIdirect.com
8-Aug-19
Price @ Call: 291.09
Target: 330
HOLD
KEC is confident of strong growth visibility with green shoots in T&D business and gaining scalability in the non-T&D business (Railways, civil and cables). A strong order book, interest cost and debt moderation is expected to support earnings growth and cash flows. We expect revenue and PAT CAGR of 15% and 19.1%, respectively, in FY19-21E. We expect strong order inflows in FY20 across sectors. We value KEC at 12x P/E on FY21E EPS to arrive at a fair value of | 330/ share. We maintain our HOLD rating. Key risks: Any slowdown in execution of T&D backlog and rise in interest costs, may impact profitability.
Nirmal Bang
8-Aug-19
Price @ Call: 291.09
Target: 390
BUY
Revenue and margin in-line; Order inflow likely to revive
KEC International (KEC) posted 15% YoY growth in revenue at Rs24.1bn in 1QFY20, broadly in line with our estimate. The top-line growth was driven by Railways (up 67% YoY to Rs5.2bn), T&D (up 29% YoY to Rs12.9bn) and SAE Towers (up 13% YoY to Rs3bn). Healthy growth in T&D sales was due to robust execution despite challenges on account of elections, while SAE growth was led by execution of one EPC project. EBITDA grew by 16% YoY to Rs2.5bn, leading to a 10bps YoY rise in EBITDA margin to 10.4%, in line with our estimate. PAT was up by only 2% YoY at Rs886mn, affected by high interest cost (up 23% YoY to Rs795mn) and lower other income (down 75% YoY to Rs27mn). The bottom-line was 4%/7% below our/consensus estimates. Order inflow for 1QFY20 was Rs11.2bn while the order book grew by 5% YoY to Rs190bn. For FY20, management expects 15%-20% revenue growth (led by execution ramp up in high margin T&D business), order intake worth Rs160bn-Rs170bn (15%-20% growth) along with sustaining the current EBITDA margin profile. We have marginally tweaked our earnings estimates and retained Buy rating on KEC with a revised target price of Rs390 (Rs400 earlier) based on 14x FY21E earnings.
Karvy Stock Broking
9-Aug-19
Price @ Call: 293.52
Target: 364
BUY
We expect the existing strong order book to boost the revenues at 14% CAGR during FY19-21E. The non T&D business segments are also expected to post good numbers and are expected to grow at 21% CAGR during FY19-21E. We value KEC on 14x to FY21 EPS for a target price of Rs. 364 reiterating our “BUY” rating for an upside potential of 26%.
Prabhudas Lilladher
8-Aug-19
Price @ Call: 295
Target: 352
BUY
The management is confident on execution momentum and maintained it guidance for revenue growth of 15-20%, EBITDA margin of 10.5% (flat) and 20% growth in order inflow for FY20. H2FY20 looks strong due to robust pipeline of orders from domestic and international markets. In the domestic market, order inflow is expected to be driven by Green Energy Corridor, States, Railways, Civil etc. In International markets, tender pipeline looks strong from Africa, Singapore, Thailand, Malaysia and Saudi. We believe that a strong order book, steady margin profile and healthy outlook in T&D segment and emerging segments like Railways/Civil will help KEC deliver 19% earnings CAGR over FY19‐21E. The stock is currently trading at12.6x/10.9x FY20/FY21E. We maintain “BUY” with TP of Rs352 (13x FY21E).
CD Equisearch
28-Jun-19
Price @ Call: 315
Target: 409
BUY
Motilal Oswal
14-Jun-19
Price @ Call: 324.74
Target: 438
BUY
We raise our target multiple to 15x from 12x earlier, in line with its historical trading multiple of 15x, and raise our TP to INR438. We maintain our Buy rating on the stock on account of (a) the declining business concentration risk due to its foray into Railways, Civil, etc., (b) EPS CAGR of 24% over FY19-21 and (c) RoE profile of 20%+.
Sharekhan
14-Jun-19
Price @ Call: 324.74
Target: 375
BUY
Maintain Buy with an unchanged PT of Rs. 375:
KEC has a strong overall order backlog of Rs. 20,307 crore (up 17% y-o-y), which led to management reiterating its revenue guidance of 15-20% for FY2020, led by scalability in the non-T&D business and stable execution in the T&D segment. Given the healthy order backlog and its ability to ramp-up execution, we expect revenue and earnings CAGR of 18% and 21%, respectively, over FY2019-FY2021E. We reiterate our Buy rating on the stock with an unchanged price target (PT) of Rs. 375.
KEC has a strong overall order backlog of Rs. 20,307 crore (up 17% y-o-y), which led to management reiterating its revenue guidance of 15-20% for FY2020, led by scalability in the non-T&D business and stable execution in the T&D segment. Given the healthy order backlog and its ability to ramp-up execution, we expect revenue and earnings CAGR of 18% and 21%, respectively, over FY2019-FY2021E. We reiterate our Buy rating on the stock with an unchanged price target (PT) of Rs. 375.
Nirmal Bang
13-Jun-19
Price @ Call: 323.25
Target: 400
BUY
Railway and civil segments are likely to sustain their strong growth momentum owing to large addressable market and diversification in new verticals. This would augment the share of non-T&D revenues from 36% of total sales in FY19 to 40%-45% over the next few years. The management aims to grow consolidated revenues by 15%- 20% in FY20 with the sustenance of existing EBITDA margin profile of 10.5%. Maintain Buy rating on KEC with an unchanged target price of Rs400 based on 14x FY21E earnings.
Geojit Financial Services
24-May-19
Price @ Call: 288.55
Target: 338
BUY
International T&D opportunity is picking up from SAARC, Middle East region which could mitigate the muted trend in domestic T&D orders. Additionally, continued traction in railway, solar, civil & cable business will drive the top line. We value KEC at a P/E of 13x on FY21E EPS and revise our rating to ‘BUY’.
Reliance Securities
10-May-19
Price @ Call: 288.11
Target: 383
BUY
Looking ahead, we expect KEC’s earnings to clock 16% CAGR through FY19-21E on the back of strong order book, and healthy outlook in T&D and other emerging segments. We maintain our BUY recommendation on the stock with an unrevised Target Price of Rs383, valuing it at 15x.
Dolat Capital
10-May-19
Price @ Call: 288.11
Target: 350
BUY
Q4 miss; Inflow and revenue guidance strong for FY20; Maintain Buy Q4 was lower than expectations due to execution headwinds. Revenue and order inflow guidance continue to be strong in FY20, while the order pipeline in FY20 is promising with the T&D and rail having a visibility of Rs250bn worth of orders. T&D, railways and civil projects will drive earnings growth of 19% over FY19-21E. Post the Q4 miss, we reduce our Revenue/ EBITDA/PAT by 3%/3%/5% for FY20 yet considering strong revenue and order inflow guidance and solid return ratio profile, we maintain Buy for the stock, with TP of ` 350 (P/E-12x FY21E).
Nirmal Bang
10-May-19
Price @ Call: 288.11
Target: 400
BUY
KEC International (KEC) posted 5% YoY growth in revenues at Rs38.4bn in 4QFY19, below our and consensus estimates by 6% each. The top-line growth was driven by railway (up 76% YoY at Rs6.3bn), civil (up 29% YoY at Rs1.6bn) and cable (up 25% YoY at Rs3.5bn) segments. T&D segment’s revenues fell 1% YoY to Rs24bn owing to execution challenges in one large domestic private sector project worth Rs4.5bn. SAE Towers’ sales grew only 4% YoY to Rs3.2bn, impacted by delayed project approvals. EBITDA grew 8% YoY to Rs4bn, leading to a 30bps YoY rise in margin to 10.4%, in line with our and consensus estimate. PAT was flat YoY at Rs2bn, impacted by high interest costs (up 38% YoY at Rs846mn). The bottom-line was in line with our estimate, but 4% below consensus estimate. FY19 order intake fell 7% YoY to Rs141bn while the order book grew 17% YoY to Rs203bn. For FY20, the management expects 15%-20% revenue growth, order intake worth Rs170bn (~20% YoY growth) along with sustaining the current EBITDA margin of 10.5%. Working capital returned to the normal level driven by collection of receivables from Saudi Arabia, sale of BOT project, change in vendor terms and advances from large overseas projects. We have marginally tweaked our earnings estimates and retained Buy rating on KEC with an unchanged target price of Rs400 based on 14x FY21E earnings.
Cholamandalam Securities
10-May-19
Price @ Call: 288.11
Target: 351
BUY
Strong outlook for Railways & Civil segment coupled with healthy T&D order pipeline are expected to aid company post healthy revenues going forward. At the current market price KEC is trading at a P/E of 10.6X its FY21E. We assign a P/E of 13X to its FY21 EPS to arrive at a target price of INR 351 and rate the stock a BUY.
Motilal Oswal
9-May-19
Price @ Call: 286.53
Target: 347
BUY
Current OB of INR203b (+17% YoY) provides strong revenue visibility over the next 2-3 years. We forecast FY20 revenue growth at 16.6% v/s management guidance of 15-20%. Financial leverage on account of debt reduction will aid earnings growth. We increase our FY21E EPS by 7% and upgrade KEC to Buy on account of (a) declining business concentration risk due to foray into railways, civil, etc., (b) FY19-21E EPS CAGR of 23%, (c) RoE profile of 20%+, and (d) comfortable valuation at FY20/21E of 12x/10x v/s long-term trading average of 15x. We value KEC at INR347/share (12x FY21E, a 20% discount to its long-term average).
Prabhudas Lilladher
9-May-19
Price @ Call: 293.55
Target: 352
BUY
The company has indicated Rs250 bn of order pipeline in Domestic T&D space, mainly driven by renewables. Railway and civil business outlook also continues to be robust. In International markets, tender pipeline in MENA/SAARC has improved over the last few quarters. We have marginally tweaked our estimates for FY20/21 to factor in lower FY19 revenue growth and revised guidance on the margin and interest/sales ratio, while maintaining the broad numbers. We believe that a strong order book, steady margin profile and healthy outlook in T&D and emerging segments like Railways/Civil will help KEC deliver 19% earnings CAGR over FY19‐21E. The stock is currently trading at 12.6x/11x FY20/FY21E. We maintain “BUY” with TP of Rs352.
IIFL
10-Apr-19
Price @ Call: 286.3
Target: 357
BUY
Religare
31-Jan-19
Price @ Call: 246.79
Target: 311
BUY
KEC has a well- diversified order book with increasing revenue contribution from high -growth non T&D businesses. This shall cushion the company from a slowdown in T&D orders particularly from PGCIL. Going forward, we expect KEC to post net profit growth at ~16% CAGR (FY18-21E) and deliver robust returns (ROE/ ROCE @ ~21%/23% by FY21E). The company trades at an attractive P/E of 10.4xFY20E and 8.7xFY21E, factoring in the near-term strain on order inflows, working capital and cash flows. We recommend Buy with a target price of Rs 311.
Karvy Stock Broking
19-Feb-19
Price @ Call: 239
Target: 333
BUY
Though the power sector is muted for now but we expect a pickup in execution of projects on the back of strong order book. The non T&D business segments are also expected to post good numbers and are expected to grow at 29% CAGR during FY18-21E. We revise down our estimates for FY19 & 20 due to delay in project execution. We value KEC on 15x to FY20 EPS for a target price of Rs. 333 reiterating our “BUY” rating for a upside potential of 39%.
Geojit Financial Services
6-Feb-19
Price @ Call: 250.43
Target: 273
ACCUMULATE
Dolat Capital
4-Feb-19
Price @ Call: 245.32
Target: 300
BUY
Nirmal Bang
2-Feb-19
Price @ Call: 250.49
Target: 365
BUY
ICICIdirect.com
31-Jan-19
Price @ Call: 245.65
Target: 265
HOLD
Motilal Oswal
30-Jan-19
Price @ Call: 237
Target: 260
NEUTRAL
We marginally cut our FY19/20 estimate by 3%/2% to factor in lower-than-estimated execution in the transmission business, and maintain Neutral with a TP of INR260 (11x FY20E EPS). The stock trades at 12x/10x FY19/20E EPS of INR19.3/23.9.
KEC Share Price Target - Broker Reports - 2018
ICICIdirect.com
13-Nov-18
Price @ Call: 280.52
Target: 370
BUY
Geojit Financial Services
13-Aug-18
Price @ Call: 299.33
Target: 342
ACCUMULATE
ICICIdirect.com
6-Aug-18
Price @ Call: 327.65
Target: 400
BUY
Sharekhan
3-Aug-18
Price @ Call: 329.28
Target: 400
BUY
Motilal Oswal
3-Aug-18
Price @ Call: 329.28
Target: 360
NEUTRAL
Prabhudas Lilladher
4-Aug-18
Price @ Call: 329.28
Target: 400
BUY
Dolat Capital
6-Jul-18
Price @ Call: 334.87
Target: 390
ACCUMULATE
Prabhudas Lilladher
16-Jun-18
Price @ Call: 363
Target: 425
BUY
Motilal Oswal
15-Jun-18
Price @ Call: 363
Target: 410
BUY
Edelweiss
15-Jun-18
Price @ Call: 369.55
Target: 455
BUY
Motilal Oswal
16-May-18
Price @ Call: 378.85
Target: 410
NEUTRAL
Prabhudas Lilladher
16-May-18
Price @ Call: 378.85
Target: 425
BUY
Edelweiss
15-May-18
Price @ Call: 387.67
Target: 455
BUY
Edelweiss
7-Feb-18
Price @ Call: 348
Target: 430
BUY
Motilal Oswal
7-Feb-18
Price @ Call: 348
Target: 385
NEUTRAL
Prabhudas Lilladher
7-Feb-18
Price @ Call: 348
Target: 413
BUY
KEC Share Price Target - Broker Reports - 2017
Reliance Securities
5-Dec-17
Price @ Call: 315.6
Target: 372
BUY
Motilal Oswal
1-Dec-17
Price @ Call: 323.9
Target: 350
NEUTRAL
Geojit Financial Services
8-Nov-17
Price @ Call: 309.8
Target: 372
BUY
Motilal Oswal
7-Nov-17
Price @ Call: 315.55
Target: 350
NEUTRAL
HDFC Securities
3-Aug-17
Price @ Call: 299
Target: 330
BUY
Edelweiss
2-Aug-17
Price @ Call: 298
Target: 345
BUY
ICICIdirect.com
3-Aug-17
Price @ Call: 302
Target: 345
BUY
ICICIdirect.com
10-Jul-17
Price @ Call: 270
Target: 350
BUY
ICICIdirect.com
4-Jul-17
Price @ Call: 263.05
Target: 295
BUY
Phillip Capital
13-Jun-17
Price @ Call: 259
Target: 295
BUY
Nirmal Bang
13-Jun-17
Price @ Call: 260.45
Target: 305
BUY
Centrum
1-Jun-17
Price @ Call: 275.5
Target: 294
BUY
Edelweiss
22-May-17
Price @ Call: 244
Target: 300
BUY
ICICIdirect.com
22-May-17
Price @ Call: 245
Target: 292
BUY
Edelweiss
27-Mar-17
Price @ Call: 196.67
Target: 245
BUY
ICICIdirect.com
1-Feb-17
Price @ Call: 149
Target: 182
BUY
HDFC Securities
31-Jan-17
Price @ Call: 149.56
Target: 179
BUY
ICICIdirect.com
3-Jan-17
Price @ Call: 142.4
Target: 170
BUY
KEC Share Price Target - Broker Reports - 2016
Religare
10-May-16
Price @ Call: 128.9
Target: 140
BUY
Centrum
11-May-16
Price @ Call: 125.5
Target: 166
BUY
Geojit Financial Services
10-Nov-16
Price @ Call: 140
Target: 163
BUY
ICICIdirect.com
10-Nov-16
Price @ Call: 140
Target: 162
BUY
Geojit Financial Services
9-Aug-16
Price @ Call: 136.8
Target: 157
HOLD
Reliance Securities
1-Aug-16
Price @ Call: 146.3
Target: 170
BUY
Asian Market Securities
8-Jul-16
Price @ Call: 145.8
Target: 165
HOLD
Geojit Financial Services
8-Jul-16
Price @ Call: 145.8
Target: 152
HOLD
Religare
28-Jun-16
Price @ Call: 139.35
Target: 150
BUY
AnandRathi
29-Jun-16
Price @ Call: 139
Target: 164
BUY
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KEC Peer Stocks - Share Price Targets
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.