More Stories

Informist, Tuesday, May 5, 2026

 

Please click here to read all liners published on this story

--KEI Industries:See volume growth of 17-18% FY27, mainly led by Sanand plant 
--CONTEXT: Comments by KEI Industries' mgmt in post-earnings analyst concall 
--KEI Industries: Restarted exports to US after lull in FY26 due to tariffs 
--KEI Industries: Target 20% revenue from exports in FY27, mainly to US 
--KEI Ind: See demand boost from power transmission, distribution capex FY27 
--KEI Industries: Targeting 20?GR top line growth for next 2-3 yrs 
--KEI Ind:Looking at more than 20% revenue growth FY27 if pdt prices improve 
--KEI Industries: Dealer churn rate per year is at 10-12% 
--KEI Industries: US orderbook around INR 500 mln-INR 600 mln as of Mar 31 

 

By Ashutosh Pati and Avishek Rakshit

 

MUMBAI/KOLKATA – KEI Industries Ltd. aims to lift the growth in its sales volume nearly threefold to around 17-18% in financial year 2026-27 (Apr-Mar), which it believes can help garner around 20% growth in total revenues, a top company official said in a post-earnings conference call with analysts on Tuesday.

 

The company expects most of this growth to come from its new facility in Sanand, Gujarat, where the first phase of commissioning was delayed by about six months in FY26. The second and last phase of commissioning at the facility is expected to be completed by the fourth quarter of FY27. Part of the volume growth will also be from KEI's facility in Chinchpada, Maharashtra, the senior official said.

 

"All our cable plants of Rajasthan were operating at peak capacity during last financial year...and capacity at our Chinchpada plant was added in Q2 of last financial year 24-25, which resulted in overall volume growth in FY25-26 by 15% for copper cables but aluminium was flat....so the net volume increase was 6.21%," the official said. KEI Industries will continue running as a debt-free company for the next four-five years with compounded annual growth of 20% in its top line. The official said that additional working capital might be required as it plans to increase its value and volumes. 

 

 

KEI Industries believes its revenue for FY27 could rise more than 20% if the prices of its products improve or are around current levels. It is confident of maintaining the 20% growth this year even if prices fall. The company also expects 20% growth in its electric high voltage segment this year as it is already operating at full capacity at the existing factory, and some portion of growth is also expected from the Sanand facility, the official said.

 

The company plans to spend around INR 6 billion to INR 7 billion every year on capital expenditure for the next two-three years. Its demand outlook remains firm, with expectations of "huge effects" in India in the power transmission and distribution sector, data centres, and institutional infrastructure projects such as metro rails and rail mills, as well as in the construction sector. "The data centres will also be a big booster," the official said. Its dealer churn rate per year is around 10-12%.

 

EXPORTS

The company expects to take its exports to around 20% of its overall revenue in FY27, and these will primarily be to the US. KEI Industries has restarted its exports to the US after the lull seen last year due to tariffs, and "hopes" for a substantial deal there. The company had an order book of INR 500 million-INR 600 million from the US as of Mar. 31, the official said. Its major export destinations are West Asia, Australia, Africa, the US, and Europe.

 

KEI Industries plans to supply extra high voltage cables to data centres in the US. Its current operations are built around supplying medium voltage cables to the US. "...we are working out that what other cables can be sold in the data centres because when we sell to data centres, we have to face competition from their American domestic industry as well," the official said.

 

The company has not yet suffered any disruptions to its raw material supplies through imports because of "good stocking" as well as sufficient availability in the domestic market. It was not able to ship some of its goods to West Asia in March due to shipping issues, which has led to very high costs in April as containers are now going through a different route.

 

KEI Industries Monday posted a consolidated net profit of INR 2.84 billion for the March quarter on revenue of INR 34.76 billion. At 1410 IST, its shares traded slightly lower at INR 5,049.80 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.