Sharekhan has given Buy recommendation for KEC International with a target price of Rs. 505 in its research report issued on Feb 22, 2021
Sharekhan’s research report on KEC International
A pick-up in execution would ensure better performance in FY2022 along with Rs. 30,000 crore bidding pipeline offer visibility for remainder of FY21 and FY22. The management expects to double the revenue over next four- five years as civil and railway revenues to provide next leg of growth while T&D largely dominated by international(SAE) to pick up as things improve followed by domestic T&D with recent order wins in green energy. YTD order inflows of ~Rs 8500 as on date crore along with order book and L1 positon of ~ Rs 26000 crore remains strong.