KEI Industries shares are trading at ₹3,092 as of 11:17 AM on 28 February 2025. A 3% rise compared to the last close of ₹2,999.05. This modest uptick comes in the wake of a roller-coaster ride experienced by the cable maker. It was hit hard by steep competition and extensive market pressure. Notwithstanding that, KEI Industries stock has a strong market profile, with its capitalization standing at ₹29,443 crore.
KEI Industries' shares have witnessed a sharp 27% fall in 2025 till date, after six consecutive years of gains, including a 37% rise in 2024. The sharp fall is due to rising competition, especially from Ultratech's recent foray into the cable sector. This has upset market dynamics for long-established players such as KEI Industries, Polycab, and Havells.
On February 27, 2025, the shares of the company plunged to the lower circuit at ₹3,416.45, a sharp 10% from the closing at ₹3,796.05. This steep fall points to the growing troubles for KEI Industries in a fast-growing competitive industry.
KEI shares price today has robust financials despite the volatility in its stock lately:
Earnings Per Share (EPS) & PE Ratio: The trailing twelve-month (TTM) EPS is ₹66.81, up by 9.55% from the previous year. The TTM price-to-earnings (PE) ratio is at 46.12, which is much above the industry average of 37.91. This indicates that KEI Industries' share is comparatively overvalued.
Book Value & P/B Ratio: The book value per share of the company stands at ₹361.98 and the price-to-book (P/B) ratio is 8.52. This reflects that investors are willing to pay a premium for the stock over its book value.
Dividend Yield: KEI stock today has a low dividend yield of 0.11% and hence it is not much favored by income-seeking investors.
In spite of the recent fall, analysts are divided in their views on KEI stock’s future performance. Geojit Financial Services upgraded the stock to a "BUY" rating recently, with a target price of ₹4,103. The company attributes robust revenue growth and strategic market focus as the major reasons for its optimism. However, overall analyst sentiment is split, with 72.22% suggesting a "BUY" and 27.78% suggesting a "HOLD."
KEI Industries' shares have been displaying bearish indications in the past few weeks:
There was a bearish crossover on the 20-day exponential moving average (EMA) on January 27, 2025, indicating a downtrend.
A bullish MACD crossover on February 21, 2025, hinted at a possible short-term recovery.
These conflicting signals indicate indecision in the direction of the stock in the near term, necessitating careful observation by investors.
KEI Industries are facing a challenging market situation, with rising competition and recent stock price fluctuations. Although its long-term growth opportunities are intact because of solid financials and strategic moves, the short-term scenario is ambiguous. Investors must look at market trends and professional suggestions before taking investment decisions. The ability of the company to respond to shifting industry dynamics will be key in determining its future performance.