Buy KEC International, target price Rs 463: ICICI Direct

Buy KEC International, target price Rs 463: ICICI Direct
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Synopsis

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11236.05 Crore) operating in Power sector.

Promoters held 51.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.17 per cent, DIIs 26.46 per cent.
ICICI Direct has buy call on KEC International with a target price of Rs 463. The current market price of is Rs 435.35.

Time period given by analyst is 7 days when . price can reach defined target.

KEC International Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 11236.05 Crore) operating in Power sector.


Financials
For the quarter ended 30-06-2022, the company has reported a Consolidated Total Income of Rs 3326.03 Crore, down -22.26 % from last quarter Total Income of Rs 4278.17 Crore and up 30.86 % from last year same quarter Total Income of Rs 2541.71 Crore. Company has reported net profit after tax of Rs 31.02 Crore in latest quarter.

The company’s top management includes Mr.H V Goenka, Mr.M S Unnikrishnan, Mr.Vikram Gandhi, Mr.Ramesh Chandak, Mr.S M Trehan, Ms.Nirupama Rao, Mr.G L Mirchandani, Mr.Dilip G Piramal, Mr.A T Vaswani, Mr.Vimal Kejriwal, Mr.Vinayak Chatterjee. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 30-06-2022, the company has a total of 26 Crore shares outstanding.



Promoter/FII Holdings
Promoters held 51.88 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.17 per cent, DIIs 26.46 per cent.
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