Page 3 - Kec International

KEC International's focus on cash flows, working capital paying off

KEC International has seen a sharp run up on the bourses led by a rebound in profitability and consequently better cash flows. This in turn is helping reduce debt and boost return ratios. Operating profit margins have seen a sharp revival from 6 per cent in FY15 to 9.5 per cent in FY17, with the change in management focus on profitable projects. The working capital cycle reduction has helped KEC reduce its net debt to equity position to 1.1x compared to 2.3x over the same period. While these initiatives have helped the stock rise over 250 per cent during FY15-17, most of it has come in the last one year with the stock more than double in last one year and scaled to its all-time highs of Rs 303.65 on Thursday. The RPG group company sees majority of revenues coming from transmission and distribution (T&D) segment (predominantly EPC contracts), which contributes almost two-third to the order book. These orders are both in international as-well-as domestic arena. While the company saw

KEC International to foray overseas in solar segment for better margins

The company's total order book stands at Rs 12,500 crore, of this, solar projects contribute 5%

KEC International gains on new orders worth Rs 1,943 crore

The stock was up 4% higher at Rs 168 on BSE in noon deal.

KEC International gains on Rs 840 crore order win

The stock was up 3.6% to Rs 143 on BSE in early morning trade

KEC International gains on winning orders worth Rs 1,036 crore

The stock rallied 7% to Rs 144 on the BSE in early morning trade.

KEC International gains on new orders worth Rs 836 crore

The company has received fresh orders worth Rs 836 crore in T&D and Cable businesses

KEC International bags orders worth Rs 1,041 crore

Shares of KEC International Ltd were trading 2.45% up, at Rs 121.10 apiece on the BSE