NSE/KEI

KEIKEI Industries Ltd

Capital Goods · NSE

₹4,839.3+4.13%

52-wk low52-WEEK RANGE52-wk high

₹2,599.7+86.1% from low ·-7.0% from high₹5,206

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

KEI+86.15% · 1Y

Range high ₹5,303Range low ₹2,570.05Latest ₹4,839.3252 bars · daily-close · NSE bhavcopy + 10Y history

Capital GoodsMidcap

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite67/100

Performance

—

Not enough price history to score.

Valuation

Medium

Valuation close to the sector median.

· P/E 53.7 close to sector median 50.8

Growth

High

Growing faster than the broader market.

· Revenue YoY +20.1% — strong top-line
· Profit YoY +19.9%

Profitability

Medium

Average profitability vs peers.

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(64/100)

Durability

74/100

Reasonable financial health; watch the weaker inputs.

Show 3 drivers

Piotroski F-score3/8 (38pt)
Altman Z" score3.86 (100pt)
Debt/Equity0.04 (100pt)

Valuation

35/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (53.7 / 50.8)106% (57pt)
P/B7.46 (40pt)
Dividend yield0.09% (2pt)
EV/EBITDA39.8 (0pt)

Momentum

83/100

Strong, confirmed momentum across price + technicals.

Show 4 drivers

DMA-trend alignmentup (75pt)
RSI (14)66.4 (89pt)
Price vs 200-DMA+16.0% (92pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)53.66

FAIR

CheapestP/E 53.7 near sector median.Most expensive

P/B7.46

FAIR

CheapestP/B 7.46 at 55th %ile of sector.Most expensive

EV/EBITDA39.76

OVERVALUED

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Nov +10.03% · Worst: Oct -0.74%

Jan

+1.7%

50% win

Feb

+1.5%

60% win

Mar

-0.2%

60% win

Apr

+8.5%

70% win

May

+8.7%

90% win

Jun

+4.7%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+3.98%

Median

+2.92%

Std dev

11.85%

Best

+29.9%

Worst

-45.3%

% positive

63%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 3

Lean balance sheet (D/E 0.04)
Low leverage means earnings are less sensitive to rate cycles
Consistent top-line growth (19.1% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake
Bankruptcy risk low (Altman Z″ 3.86)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 1

Weak financial quality (Piotroski 3/8)
Score ≤3 signals multiple concerning accounting trends

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 0

No immediate threats from the data

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+4.1%

+8.5%

+16.4%

+9.9%

+20.0%

+86.9%

+42.9%

+56.3%

10Y

+46.9%

Fundamentals

VALUATION

Market cap

₹46,174 Cr

P/E (TTM)

53.7

P/E (fwd)

—

next 12m

P/B

7.46

EV/EBITDA

39.8

Book value

—

per share

PROFITABILITY · QUALITY

ROE

—

ROCE

—

Net margin

7.2%

Op margin

—

Gross margin

—

D/E

0.04

GROWTH · MARKET

Rev YoY

+20.1%

Profit YoY

+19.9%

Div yield

0.09%

Payout

—

52w change

—

Beta

—

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 4

+Revenue growing at +20.1% YoYGrowth-category territory — implies market-share gains or market expansion
+3-year revenue CAGR of 19.1%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 22.8%Consistently compounding earnings — the Buffett playbook
+Nearly debt-free (D/E 0.04)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 0

No material concerns surface from the ratios alone — still layer qualitative research.

Sector-relative context

Capital Goods · 22 peers

P/E (TTM)

This stock

53.66

Sector median

50.82

Rank 12/22 (50th %ile)

ROE

This stock

—

Sector median

15.5%

—

P/B

This stock

7.46

Sector median

6.90

Rank 12/22 (50th %ile)

Quality score · Piotroski F-score

3 / 8

Mixed quality — several weak points

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✗Asset turnover improved YoY

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE3.86

Z″ = 3.86 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.100	×6.56	0.656
Retained Earnings / Total Assets (B)	0.425	×3.26	1.385
EBIT / Total Assets (C)	0.153	×6.72	1.026
Book Equity / Total Liabilities (D)	0.754	×1.05	0.792

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. Working capital proxied from reported cash + 10% buffer (exact 'current assets − current liabilities' line not ingested). Treat as directional.

Quarterly results

Last 5 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q4
Revenue	2,284	2,472	2,801	2,590	2,955
Operating profit	208	227	304	238	298
OPM %	9.1%	9.2%	10.8%	9.2%	10.1%
Interest	13	14

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	5,681	6,853	8,038	9,608
Operating profit	539	657	796	929
OPM %	9.5%	9.6%	9.9%	9.7%
Interest	23	24	31	44
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
KEITHIS KEI Industries Limited	₹4,839.3	+67.1%	46,174	53.7	7.46	—	0.04	+20.1%
ABB ABB India Limited	₹7,029.5	+24.9%	1,51,693	90.9	19.36	22.4%	0.01	+5.7%
CUMMINSIND Cummins India Limited	₹5,140.9	+76.4%	1,42,614	63.7	18.06	28.3%	0.00	+16.0%
SIEMENS Siemens Limited	₹3,707.9	+31.2%	1,32,085	78.2	9.98	11.8%	—	+14.0%
CGPOWER CG Power and Industrial Solutions Limited	₹774.8	+19.1%	1,25,316	110.4	16.80	15.2%	0.01	+26.2%
POLYCAB Polycab India Limited	₹8,182.5	+51.2%	1,23,852	47.2	11.03	26.0%	0.02	+24.2%
BHEL Bharat Heavy Electricals Limited	₹316.79	+39.4%	1,14,769	140.9	4.69	3.3%	0.45	+18.6%
HAVELLS Havells India Limited	₹1,306.4	-20.7%	81,675	55.1	9.41	17.1%	0.03	+14.3%
DIXON Dixon Technologies (India) Limited	₹11,371.5	-28.1%	68,387	41.1	15.02	36.5%	0.30	+119.7%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	24.57	24.55	-0.1%
-2q	22.29	21.28	-4.5%
-3q	19.40	20.47	+5.5%
-4q	21.76	23.69	+8.9%

Date	Amount
2026-01-28	₹4.50
2025-01-27	₹4.00
2024-03-19	₹3.50
2023-02-03	₹3.00
2022-02-07	₹2.50
2021-03-09	₹2.00
2020-03-19	₹1.50
2019-09-06	₹1.20
2018-09-11	₹1.00
2017-07-11	₹0.60
2016-08-29	₹0.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	18	18	18	19
Reserves	1,499	1,949	2,496	3,150
Borrowings	355	162	166	217
Other liabilities	0	—	6	19
Total liabilities	3,527	3,770	4,656	7,235
Fixed assets	549	595	944	1,583
CWIP	20	29	175	591
Investments	2	1	2	2
Other assets	4	15	0	206
Total assets	3,527	3,770	4,656	7,235

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	229	514	611	-32
CF Investing	-58	-137	-353	-1,501
CF Financing	-31	-256	-72	1,919
Net cash flow	139	121	186	386
Free cash flow	169	416	210	-730

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	9.7%	9.9%	9.6%	9.5%
Net margin %	7.2%	7.2%	7.0%	6.6%
ROE %	24.5%	25.9%	27.4%	24.8%
ROCE %	32.4%	33.8%	33.3%	28.3%
Debt / Equity	0.07	0.07	0.08	0.23
Interest coverage	22.1×	26.3×	27.7×	23.3×
Revenue growth YoY	+19.5%	+17.3%	+20.6%	—
Profit growth YoY	+19.9%	+21.7%	+26.9%	—

KEIKEI Industries Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Peer comparison · Capital Goods

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Recent news

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Capital Goods