KEI Industries Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹52,720 Cr
- Book Value
- ₹697
- Stock P/E
- 52.9
- Dividend Yield
- 0.08%
- ROE
- 14.8%
- ROCE
- 20.1%
- PEG Ratio
- 1.93
- EV/EBITDA
- 34.2
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Technical snapshot
EOD ·KEI Industries Ltd closed at ₹5,681.10 on 19 August 2026, down 1.9% on the day, 7.1% above its 50-day average, 3.7% below its 52-week high, with volume at 0.60× its 20-session average.
- RSI 14
- 61.7
- vs 50-day SMA
- +7.1%
- vs 200-day SMA
- +20.5%
- From 52-week high
- -3.7%
- Relative volume
- 0.60×
- 20-day return
- +14.3%
End-of-day prices from exchange-published files (NSE/BSE bhavcopy), updated after market close. Descriptive statistics, not investment advice.
KEI Industries share price today
KEI Industries (NSE: KEI) is the second seat on Indian electrification’s most direct trade: wires and cables. Everything the country is building — grid expansion, solar parks, data centres, metros, real estate — is connected by cable, and KEI’s 23% five-year sales CAGR is that thesis in numbers. Its differentiation at the top end: EHV (extra-high-voltage) capability, a technical club with few Indian members, plus a retail wires franchise scaling through electrician-led distribution.
At 52.9×, the electrification runway is real, but so is the new variable: a deep-pocketed conglomerate entering the sector with capacity plans of its own.
The electrification annuity, and its new guest
Cables look like commodities and behave like brands: certification, dealer networks, electrician preference and delivery reliability concentrate share among the top handful, and margins hold through copper swings via pass-through pricing. KEI’s institutional book (EPC, EHV projects) and growing retail mix give it both the capex cycle and the housing cycle. The watch-item is supply: announced sector entry by the Adani group could pressure pricing at the commodity end within a few years — premium segments (EHV, branded house wires) defend best.
Watch-items: sector-entrant capacity timelines, copper price pass-through lags, real-estate cycle for retail wires, and working-capital discipline in the EPC book.
The numbers
Financial snapshot — 5 August 2026
| Metric | Value |
|---|---|
| Market cap | ₹52,720 Cr |
| P/E (TTM) | 52.9 |
| EV/EBITDA | 34.2 |
| Operating margin | 11.1% |
| ROE / ROCE | 14.8% / 20.1% |
| Debt to equity | 0.04 |
| Sales CAGR (5y) | 23.0% |
| Profit CAGR (5y) | 27.4% |
| Promoter holding | 35.0% |
| EPS (TTM) | ₹104.0 |
KEI Industries share price target 2026 to 2030
EPS base ₹104.0 (TTM). Bear: new capacity compresses industry pricing — 10% growth, multiple at 30×. Base: electrification demand absorbs supply — 17% growth at 42×. Bull: EHV and exports mix-shift margins up — 22% growth at 52×.
From ₹5,500, the base case is ≈ +74% over four and a half years. The bear case is −9%, but new capacity and aggressive competition could pressure cable pricing more than the scenario assumes.
Reasons to own KEI Industries (at the right price)
- Electrification is the decade’s most visible capex trade — cables are its purest expression.
- EHV capability is a technical moat with government-grid demand attached.
- Retail wires mix-shift lifts margins and reduces project-cycle dependence.
- 27% five-year profit CAGR with a nearly debt-free balance sheet.
- Duopoly-adjacent structure with Polycab — certification and distribution bar entrants at the premium end.
The risks: the flagged Adani entry could reset commodity-cable pricing, 35% promoter holding is on the lighter side, and 53× needs the demand cycle to keep sprinting.
What to weigh at the current price
KEI benefits from electrification and its EHV capability, but cable cycles can invite capacity and pricing pressure. Retail mix, margins and returns on expansion are the measures that matter at the current valuation.
FAQ
What is the KEI Industries share price target for 2030? The table above presents bear, base and bull paths through 2030. Each depends on the stated EPS-growth and valuation assumptions; none is a guaranteed outcome.
What is EHV and why does it matter? Extra-high-voltage cables (66kV+) carry grid backbone power. Certification and manufacturing complexity keep the club small, margins better, and government demand structural.
How do copper prices affect KEI? Copper is the main input, passed through with a lag. Sharp spikes pinch a quarter; the cycle washes out — share and mix matter more than the metal.
When are KEI’s next results? Check the results calendar and confirm the announced date in the exchange filing.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.