Kei Industries Ltd shares will trade ex-dividend on Monday, January 27. The company has announced an interim dividend of ₹4 per equity share (200%) with a face value of ₹2 for FY 2024-25.
Over the last 12 months, KEI Industries has announced a total dividend of ₹3.50 per share. According to Trendlyne data, the company has declared 24 dividends since August 2021.
The ex-dividend date is when a stock’s price is adjusted to account for the upcoming dividend payment. On this day, the stock trades without the value of its next dividend. Shareholders listed in the company’s records by the end of the record date are eligible to receive the dividend.
KEI Industries Ltd reported a 9.4% year-on-year increase in net profit, reaching ₹164.8 crore in the third quarter that ended December 31, 2024. This is up from ₹150.6 crore in the same quarter last year.
Revenue from operations grew 19.8% to ₹2,467.2 crore, compared to ₹2,059.3 crore in the corresponding quarter of the previous fiscal.
At the operational level, the company’s EBITDA rose 12.3% to ₹240.7 crore from ₹214.4 crore in Q3 FY24. However, the EBITDA margin slightly declined to 9.8% this quarter, down from 10.4% in the year-ago period.
Anil Gupta, CMD of KEI Industries, predicts strong demand for wires and cables driven by growth in power generation, transmission, distribution, and sectors like industry, infrastructure, and real estate. He highlighted that infrastructure spending plays a key role in their business since most of their products are used in infrastructure projects, the energy sector, and renewable energy.
Gupta also pointed out the growing importance of power evacuation through transmission lines, which are now being developed through tariff-based competitive bidding. He expects the national electricity transmission plan to attract significant investments in the transmission sector next year.
Founded in 1968, KEI Industries Ltd produces a wide range of wires and cables, including Extra-High-Voltage (EHV), High-Tension (HT), and Low-Tension (LT) cables, which it supplies both in India and internationally. KEI Industries also manufactures and sells EHV, Medium-Voltage (MV), and Low-Voltage (LV) power cables. The company serves both retail and institutional customers and also offers Engineering, Procurement, and Construction (EPC) services.
As of 9:42 AM on January 27, 2025, KEI Industries share price is trading at ₹4,129.90, down by ₹123.60 (2.91%). The stock opened at ₹4,182.65, reached a high of ₹4,184.65, and a low of ₹4,106.20. The market capitalisation stands at ₹39.46K crore, with a P/E ratio of 58.80 and a dividend yield of 0.097%. The 52-week high and low for the stock are ₹5,039.70 and ₹2,900.10, respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jan 27, 2025, 9:57 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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