KEI Industries: Business improving, but valuation can cap near-term returns

Higher valuations could pose a risk in the near term for KEI Industries

Jitendra Kumar Gupta
May 18, 2022 / 12:05 PM IST
KEI Industries: Business improving, but valuation can cap near-term returns

A Snakable USB charging cable is displayed during "CES Unveiled," a preview event of the 2016 International CES trade show, in Las Vegas, Nevada January 4, 2016. The $29.95 cable has a strain relief assembly on both sides of the cable, at the connectors, to keep the cable from failing. REUTERS/Steve Marcus - RTX2123K

Strong economic recovery and a revival in domestic demand have triggered a turnaround in the business of KEI Industries. The company announced its March quarter results recently, reporting significant improvement across segments. Moreover, the momentum is expected to pick up further next year with higher domestic demand, strong orders in hand, and capex-led growth plan (image) ResultsĀ in detail During the March 2022 quarter, the company reported a 44 percent year-on-year (YoY) growth in revenues. This was led by a strong growth...