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.
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.
Our universe tags it wait at 52.9× — the electrification runway is real, but so is the flagged 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
From our research universe snapshot (5 Aug 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×.
| Year | Bear (30×, +10%) | Base (42×, +17%) | Bull (52×, +22%) |
|---|---|---|---|
| 2026 | ₹3,430 | ₹5,110 | ₹6,600 |
| 2027 | ₹3,775 | ₹5,980 | ₹8,050 |
| 2028 | ₹4,155 | ₹6,995 | ₹9,820 |
| 2029 | ₹4,570 | ₹8,185 | ₹11,980 |
| 2030 | ₹5,025 | ₹9,575 | ₹14,615 |
From ₹5,500, the base case is ≈ +74% over four and a half years. The bear case is −9% — demand strength cushions even a price war. The entry range below is where that cushion becomes a margin of safety.
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.
Should you buy at the current price?
The live buy range below is for members — where supercycle enthusiasm cools into value.
FAQ
What is the KEI Industries share price target for 2030? Base case ≈ ₹9,575 (42× on 17% compounded growth), bear ≈ ₹5,025, bull ≈ ₹14,615. Arithmetic above.
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? Track the exact date on our results calendar.
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.