Scripscan:K E C International Ltd
cmp:40
Code:532714
Story:KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. Established in 1945, KEC is a billion dollar turnover flagship company of the RPG Group. It has presence in the business verticals of Power Transmission, Power Systems, Cables, Railways, Telecom and Water. Power Transmission is the largest vertical of the company.KEC’s focused approach towards project management enables the creation of world class projects, innovative solutions, customized to overcome extreme terrain and climate. With proven technical prowess in handling mega projects and superior project management expertise, the Company has powered infrastructure development in 45 countries across South Asia, Middle East, Africa, Central Asia and Americas.KEC holds a healthy order book of INR 84.5bn which would cushion its topline growth in the sluggish macroeconomic environment. Order book is expected to pickup in H2 FY12 with new orders expected from Power Grid. Margin from new segments like cable, railways & telecom are expected to improve from FY13. Any policy reforms in power sector would improve the outlook for the company.One can buy it with a price target of INR 50, showing an upside potential of 20% from current valuation of 5.x FY13E earnings.
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