BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nirmal Bang Report
We interacted with the management of KEI Industries Ltd. to get the latest business update and understand the future outlook of the company.
Key takeaways from the interaction are as follows -
Sales in Q1 FY21 for KEI Industries fell 31% YoY to Rs 7.5 billion owing to Covid-19 led lockdown while profit after tax was down 21% YoY at Rs 360 million.
The Company works with 1,500 plus institutional clients and operates through a network of 1,600 plus dealers and distributors.
KEI Industries has a robust client base and supplies to sectors such as power, oil and gas, real estate, construction, cement, steel, IT, fertilizers, automobiles and pharmaceuticals.
Customer concentration is low with top 10 customers accounting for 23% of FY20 sales.
Excluding Dangote order, this is even lower at 13% of total sales.
Click on the attachment to read the full report:
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