KEC International - A Steady Growth Story: Dolat Capital
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Dolat Capital Report
KEC International Ltd. is reaping benefits from timely diversification into the non-transmission and distribution segment and well-planned expansion into new geographies, which has helped the company navigate better through uncertainties.
The company has an order backlog of Rs 191 billion (~1.5 trailing-twelve-months revenue) which provides revenue visibility over the next six quarters.
Management has guided an order inflow of Rs 150 billion in FY22E of which Rs 80-90 billion would be from T&D segment while the rest from Non-T&D segment.
To mitigate the impact of commodity price risk, the company has placed a strong emphasis on mechanisation and digitalisation initiatives.
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