KEI Industries Limited Detail
KEI Industries Limited is in portfolio of Ashish Kacholia. He is one of the top investors in India. The company belongs to Electrical sector.
As per the Company website it is in business of manufacturing different types of Cables. The Company business is divided into two parts. One part is cable manufacture and other is Engineering and Construction.
It provides Engineering and Construction solutions in areas of GIS and AIS Substations, Overhead as well as Underground Power Transmission and Distribution System and Railway Electrification/ Substation on Turnkey basis. It provides EPC solution in India and abroad.
Different type of projects it undertakes as EPC solutions or projects are Railways electrification. Rural electrification, Under ground cabling projects. It also manufactures different type of Cables like Steel Wires, Home Wires, Control Cables, Thermocouple, Rubber Cables, Solar Cables and Marine and Offshore cables.
It has global presence.It is supplying products to more than 45 countries across globe.
I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.
English Video
Hindi Video
KEI Industries Limited Stock Performance
The stock has gained massively in last four years or so. It was trading near 10 INR mark in year 2014 and is not trading at more than 400. This is gain of more than 40 times in last five years or so making it one of the best performing stocks in recent times.
The Company has seen lean and non performing times between year 2008 and 2014. During this time period the stock prices declined and Company started performing bad with time.
Note Stock has gained too much in price so new investors should remain cautious before investing in this Counter. You should check valuation of the stock before making any decision.
KEI Industries Limited My Opinion
KEI Industries Limited is a Electricals Company. It is exclusively in business of Cable manufacturing. This is core business of the Company. The wide range of products it has to offer makes it one stop shop for anything related to Cables. It has also some esteemed names from different industries in its Client list.
Wires are everywhere if we look around us. In our home out on street everywhere we go we are accompanied with wires in one form or other. Wires are the carriers of modern civilization. Now you need to understand how much growth potential is present in this sector.
This sector also has challenges in form of Wireless. The household need of wires depends on new construction. Wires have long life so one time wiring is enough for most of the cases be it housing or industrial.
India will have stable demand for these products but for growth Company will also have to look beyond India like in Africa Continent and other similar areas which still require Electrification. It does have good presence in Africa and we need to see how much growth potential is left in those areas. This is a interesting company to keep track on.
In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.