By Chaitanya | a BBA Finance Graduate & 6+ Years of Experience in Stock market & Finance
KEC International Ltd., a prominent global infrastructure EPC major, has been making headlines, with its shares recently gaining significant attention following a substantial order book update. The company’s strategic manoeuvres and robust performance have seen its shares deliver impressive returns to investors, with some sources reporting a total shareholder return of 153% over the last five years. This strong momentum highlights KEC International’s solid footing in the infrastructure sector and its continuous efforts to expand into high-growth segments.
KEC International’s Expanding Order Book Fuels Optimism
The company recently announced a fresh order book update valued at an impressive ₹1,402 crore, reinforcing its already robust pipeline. This follows a series of significant order wins, including ₹1,034 crore in May 2025, which notably included KEC’s entry into the burgeoning semiconductor sector and its first ever STATCOM project. June 2025 proved to be another strong month, with new orders secured amounting to ₹2,211 crore. A significant portion of these new wins, specifically ₹1,236 crore, came from KEC’s civil business in India, showcasing its growing prowess beyond its traditional power transmission segment.
These consistent wins have bolstered KEC International’s overall project pipeline. As reported in July 2025, the company boasts a healthy order book, including L1 bids (where KEC is the lowest bidder, often indicating an imminent order), exceeding a staggering ₹40,000 crore. This massive pipeline provides strong revenue visibility and stability for the company’s future operations.
Diversification: A Key Strength for KEC International
KEC International’s business strategy is built on diversification across critical infrastructure sectors. The company’s recent order wins illustrate this well:
| Business Segment | Order Details | Value (₹ crore) |
|---|---|---|
| Transmission & Distribution (T&D) | STATCOM project (global OEM, India), supply of towers, hardware, and poles in Americas | Included in ₹1,034 crore (May 2025 orders) |
| Civil | Semiconductor plant for private player in India; steel upstream project; new orders totaling ₹1,236 crore (June 2025) | ₹1,236 crore (June Civil orders) |
| Cables | Various cable supplies across India | Included in ₹1,034 crore (May 2025 orders) |
The foray into the semiconductor sector with a civil project for a private player in India marks a strategic move into a high-growth industry, showcasing KEC’s adaptability. Similarly, securing its first STATCOM project in the T&D segment demonstrates its commitment to advanced power solutions.
Financial Snapshot: What the Numbers Say About KEC International
As of August 14, 2025, KEC International’s share price stood at approximately ₹778.55. The company’s market capitalisation is close to ₹22,969 crore, reflecting its significant presence in the market. Over the trailing twelve months (TTM), KEC recorded revenues of ₹21,846.7 crore and a net profit of ₹570.7 crore. The operating profit margin (OPM) stood at 6.0%, with a Return on Equity (ROE) of 12.1%. The Price to Earnings (P/E) ratio is 40.2, indicating market expectations for future earnings.
Promoter holdings are distributed among key entities: Swallow Associates LLP holds 25.45%, Summit Securities Limited 10.58%, and Instant Holdings Limited 8.38%. While the Earnings Per Share (EPS) growth rate over the last five years has been modest at 1.4% per annum, the substantial order book growth suggests potential for accelerated earnings in the coming period.
| Metric | Value | Unit / Comments |
|---|---|---|
| Share Price (Aug 14, 2025) | ₹778.55 | Latest trading price |
| 52-Week Price Range | ₹627.45 – ₹1,313.25 | Low – High |
| Market Capitalization | ₹22,969.1 crore | Market cap approximate |
| Revenue (TTM) | ₹21,846.7 crore | Trailing twelve months |
| Net Profit (TTM) | ₹570.7 crore | Trailing twelve months |
| Operating Profit Margin | 6.0% | OPM % |
| Return on Equity | 12.1% | ROE % |
| Price to Earnings (P/E) Ratio | 40.2 | Valuation metric |
| Promoter Holdings | Swallow Associates LLP (25.45%), Summit Securities Ltd (10.58%), Instant Holdings Ltd (8.38%) | Ownership percentages |
| Order book size (July 2025) | >₹40,000 crore | Includes L1 bids |
| Recent large order announcements | ₹1,402 cr (latest update), ₹2,211 cr (June), ₹1,236 cr (Civil, June) | New order wins |
Analyst Views and Market Trends for KEC International
Market analysts have expressed confidence in KEC International. For instance, experts from Prabhudas Lilladher have issued a positive rating with a target price of ₹911 for KEC shares. Similarly, Sharekhan has also provided a favourable rating, setting an even higher target price of ₹1,000. These projections, sourced from recent analyst reports, underscore the positive sentiment surrounding the company’s growth trajectory and its expanding KEC International order book.
However, historical data indicates that August has typically been a challenging month for KEC International shares, with average negative returns of -5.08%. Investors may want to consider this historical trend while evaluating short-term movements. Despite this, the long-term outlook appears positive, driven by the strong order pipeline and strategic diversification. The company’s consistent performance in securing orders across various segments, including significant projects in Saudi Arabia and the Americas, positions it well for sustained growth.
Overall, KEC International’s continued focus on strengthening its diverse business segments, coupled with its impressive order book, paints a promising picture for its future. The company is actively participating in India’s infrastructure development and expanding its international footprint, ensuring it remains a key player in the global EPC landscape.
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