📈CMP: ₹899.50| 📈 Up 4.42% today🚧 Sector: Infra EPC | ⚙️ RPG Group | 🔌 Power + Rail + Oil + Civil
🔍 At a Glance
KEC just posted itshighest-ever revenueat ₹21,847 Cr and aPAT of ₹571 Cr, up a staggering65% YoY. With margin expansion, debt control, and a ₹40,000 Cr combined order book + L1 position, this isn’t just another infra company—this is a full-blowninfra renaissance.
Also, a 275% dividend. Finally, infra with benefits.
🏢 About the Company
- Parent Group: RPG Enterprises
- Founded: 1945 (yeah, it’s older than your dad’s LIC policy)
- Global Presence: 110+ countries
- Segments:
- Power Transmission & Distribution (T&D)
- Railways (Metro, Freight Corridors)
- Civil (Buildings, Factories)
- Oil & Gas Pipelines
- Renewables
- Cables (Now spun off into KEC Asian Cables Ltd)
🧑💼 Key Personnel
- Vimal Kejriwal– MD & CEO, the man who turned debt reduction into a corporate artform
- Suraj Eksambekar– Company Secretary & Compliance warrior
📊 Financials Snapshot (Consolidated)
| Metric | FY24 | FY25 | Growth |
|---|---|---|---|
| Revenue (₹ Cr) | 19,914 | 21,847 | 10% |
| EBITDA (₹ Cr) | 1,215 | 1,528 | 26% |
| EBITDA Margin (%) | 6.1% | 7.0% | +90 bps |
| PBT (₹ Cr) | 426 | 727 | 71% |
| PAT (₹ Cr) | 347 | 571 | 65% |
| PAT Margin (%) | 1.7% | 2.6% | +90 bps |
| Dividend | ₹5.50/share | 275% of FV | 🎉 |
📌Q4FY25alone:
- Revenue: ₹6,872 Cr (↑11% YoY)
- EBITDA: ₹539 Cr (↑39%)
- PAT: ₹268 Cr (↑65%)
📦 Order Book, Debt & Cashflow
| Metric | Mar 2024 | Mar 2025 | Change |
|---|---|---|---|
| Order Book (₹ Cr) | ~30,000 | ₹33,398 | ↑11% |
| L1 Position (₹ Cr) | — | ₹6,600+ | 🎯 |
| Total Orders + L1 | — | ₹40,000+ | 🚀 |
| Net Debt (₹ Cr) | ~5,058 | ₹4,558 | ↓ ₹500 Cr |
| Working Capital Days | 112 | 122 | ⚠️ Slight ↑ |
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