KEI Industries Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.We are positive on KEI Industries Ltd. given- growing demand for cables and wires arising from Infra, industrial, railways, solar and housing construction activity and sustained momentum in dealer network sales (38% of sales; up 80 basis points QoQ).With strong demand outlook (Rs 30.2 billion order book) and stabilising copper prices, KEI Industries’ management remains confident of growing FY22 sales by minimum 20% (long term compound annual growth rate of 17%-18%) while maintaining 11% plus margins. We believe the company is well placed to capture demand for wires and cables given- wide product portfolio catering to various industries amongst very few players having extra high voltage cable capabilities focus on scaling up channel expansion (1,650 dealers) and tapping into rising export opportunities. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KEI Industries Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher

KEI Industries Q1 Review - Growth Momentum To Continue: Prabhudas Lilladher

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