Nirmal Bang: KEI Industries Aims To Sustain Healthy Growth Momentum

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:.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 brokerage 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.

Nirmal Bang: KEI Industries Aims To Sustain Healthy Growth Momentum

Nirmal Bang: KEI Industries Aims To Sustain Healthy Growth Momentum

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