KEI Industries share price today

KEI Industries Ltd's share price was ₹3,996.40 at the close on 4 November 2026. It has been falling for 1 week. That is 15.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,725 and ₹5,700, and at that close it sat 14% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today KEI Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 12 weeks running.

Over the last 11 years the share price moved +4,318% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 14 August 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 12 quarters in a row (every quarter we can compare) and highest quarterly revenue in 16 quarters.

1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹3,776 crore, +38.5% on a year earlier.

   Why: Revenue rose because demand for wires and cables was strong from data centres, power transmission, renewables, housing and other projects.

   Next results: check whether Sanand output and Phase 2 start improve sales and whether extra-high-voltage cable sales pick up after approvals.

   From the earnings call on 22 Oct 2026.

2. Profit up on a year earlier for 12 quarters in a row (every quarter we can compare)

   In the September 2026 quarter profit was ₹262 crore, +28.4% on a year earlier.

   Why: Profit rose because the company sold much more wire and cable in India.

   Next results: check whether reported margins recover toward the yearly path.

   From the earnings call on 22 Oct 2026.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹3,776 crore in the September 2026 quarter is the highest of the last 16 quarters.

   Why: Revenue hit a record because demand for wires and cables was strong from data centres, power transmission, renewables, housing and other projects.

   From the earnings call on 22 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), KEI Industries reported revenue of ₹3,776 crore, up 38.5% from ₹2,726 crore a year earlier, and a profit of ₹262 crore, up 28.4% from ₹204 crore.

KEI Industries results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

KEI Industries' management discussed these results on a call held on 22 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

KEI Industries closed at ₹3,996.40 on 4 November 2026, up 1.5% from ₹3,936.80 a year earlier (7 November 2025) and up 312.2% over five years. Its highest weekly close since February 2016 was ₹5,700.00 on 14 August 2026.

KEI Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: KEI Industries closed at ₹3,996.40, up 6.0% on the week and down 11.2% on the month. 22 Oct 2026: KEI Industries held its results call for July to September 2026. Management guided: FY27 revenue growth above 25% and 20% yearly growth over the next 3-4 years.

Earlier

• Results for July to September 2026: Revenue up 38.5% and profit up 28.4% on a year earlier.
• 28 Jan 2026: ex-date for an interim dividend of ₹4.50 a share.

KEI Industries paid ₹4.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.11% at the ₹3,996.40 close on 4 November 2026. The last was an interim dividend of ₹4.50 a share, ex-date 28 January 2026.

KEI Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. KEI Industries Ltd paid out 5% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 22 October 2026, KEI Industries' management guided: FY27 revenue growth above 25% and 20% yearly growth over the next 3-4 years.

“Therefore, whatever growth we achieve will be in value terms. That is why we are repeatedly emphasizing value terms, because growth requires capital.”Rajiv Gupta, on the call for July to September 2026

What management guided

• FY27 operating margin 11%-11.5%, progressing toward 12% over FY27-FY28 as Sanand ramps.
• Capital spending approximately ₹600 crore annually for the next 3-4 years, including roughly ₹200 crore of Sanand spend in H2; maintenance capital spending ₹100-150 crore and growth capital spending ₹450-500 crore over the next 4-5 years.
• Inventory expected to return to its earlier level by fiscal year-end and to 90 days of COGS by March 2027.
• ₹991 crore export order book expected to be executed within 3-4 months.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 22 October 2026.

When KEI Industries reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Track Sanand output and Phase 2 commissioning, then test for the stated EHV sales pickup after approvals.

KEI Industries is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Power & green energy stocks.

KEI Industries Ltd earned ₹262 Cr of net profit in the Sep 2026 quarter, +28.4% on the same quarter a year earlier. That is the 12th quarter in a row of profit growth. Full-year FY26 profit was ₹918 Cr. Over 10 years profit has grown 30.7% a year on average. That is 6.9% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹204 Cr.

For the full year, FY26 profit was ₹918 Cr (+31.9% on the year before).

Why profit moved: revenue changed +38.5% on a year earlier and the margin moved +0.0 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +33.9% and revenue +25.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

KEI Industries Ltd reported ₹3,776 Cr of revenue in the Sep 2026 quarter, +38.5% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 17.5% a year on average. The last full year, FY26, came in at ₹11,748 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹13,392 Cr.

FY26 revenue was ₹11,748 Cr, +20.7% on the year before.

Recent pace: the last four quarters grew +25.1% on average, against 17.5% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +25.1%, against +23.8% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +33.2%, against +30.0% a year (accelerating).

KEI Industries Ltd's operating margin was 10.0% in the Sep 2026 quarter, about the same as the same quarter a year ago. Across 13 years it has been between 9.0% and 11.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

In the latest quarter it moved +0.0 percentage points on the same quarter a year ago.

Why the margin moved: operating margin changed +0.1 percentage points on the year while gross margin changed −1.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 65% of KEI Industries Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹840 Cr of operating cash against ₹918 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,401 Cr of spending on assets, free cash was −₹561 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 65% of profit came in as cash: the cash cycle got 19 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: the bigger use of cash is spending on new assets, at 10.5× depreciation over three years. The next section checks what that spending is building.

KEI Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 102 days in FY26, down from 121 days in FY21. It spent ₹2,328 Cr on assets over the last 3 years. Customers take 57 days to pay, and stock sits for 100 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹11,748 Cr, each day of that cycle ties up about ₹32.2 Cr, so roughly ₹3,283 Cr is tied up in the business at any time.

FY26: customers took 57 days to pay and stock sat for 100 days, about 3.3 months of sales sitting as stock, for a full cycle of 102 days, shorter than FY21's 121.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 100 days. Customers pay about 57 days after that. Suppliers are paid at 55 days. Together that makes the 102-day cycle.

Spending on assets: ₹2,328 Cr over the last 3 years, against ₹222 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,002 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

KEI Industries Ltd's P/E is 36.3×, in the middle of its own history: higher than 63% of past readings. Its usual P/E (the middle reading) is 31.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.