KEC International Ltd
NSE:KEC

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KEC International Ltd
NSE:KEC
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Price: 583.6 INR 4.3% Market Closed
Market Cap: ₹155.4B

EV/EBIT

10
Current
46%
Cheaper
vs 3-y average of 18.5

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
10
=
Enterprise Value
₹157.4B
/
EBIT
₹15.6B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
10
=
Enterprise Value
₹157.4B
/
EBIT
₹15.6B

Valuation Scenarios

KEC International Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (18.5), the stock would be worth ₹1 086.28 (86% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+134%
Average Upside
85%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 10 ₹583.6
0%
3-Year Average 18.5 ₹1 086.28
+86%
5-Year Average 16 ₹939.74
+61%
Industry Average 15.7 ₹919.95
+58%
Country Average 23.3 ₹1 363.18
+134%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
₹157.4B
/
Jan 2026
₹15.6B
=
10
Current
₹157.4B
/
Mar 2026
₹16.3B
=
9.6
Forward
₹157.4B
/
Mar 2027
₹21.3B
=
7.4
Forward
₹157.4B
/
Mar 2028
₹25.8B
=
6.1
Forward
₹157.4B
/
Mar 2029
₹28.2B
=
5.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
IN
KEC International Ltd
NSE:KEC
149B INR 10 22.8
JP
Sumitomo Densetsu Co Ltd
TSE:1949
35.2T JPY 11.5 19.9
US
Quanta Services Inc
NYSE:PWR
90.6B USD 61.6 88.3
FR
Vinci SA
PAR:DG
74.3B EUR 9.9 15.1
IN
Larsen & Toubro Ltd
NSE:LT
5.6T INR 24.3 34.4
US
Comfort Systems USA Inc
NYSE:FIX
58.9B USD 44.1 57.6
IN
Larsen and Toubro Ltd
F:LTO
47.6B EUR 22.4 31.7
ES
Ferrovial SA
MAD:FER
43.6B EUR 51.2 48.8
NL
Ferrovial SE
AEX:FER
43.3B EUR 51.5 48.8
DE
Hochtief AG
XETRA:HOT
34B EUR 16.7 37.7
ES
ACS Actividades de Construccion y Servicios SA
MAD:ACS
32B EUR 29.9 33.4

Market Distribution

Lower than 87% of companies in India
Percentile
13th
Based on 2 572 companies
13th percentile
10
Low
0.4 — 15.7
Typical Range
15.7 — 34.7
High
34.7 —
Distribution Statistics
India
Min 0.4
30th Percentile 15.7
Median 23.3
70th Percentile 34.7
Max 48 145.1

KEC International Ltd
Glance View

KEC International Ltd., a vital arm of the RPG Group, is a prominent player in the global infrastructure engineering, procurement, and construction landscape. With roots tracing back to 1945, the company has firmly established itself in sectors like power transmission and distribution, railways, civil, smart infrastructure, and solar. KEC's prowess is rooted in its ability to design, manufacture, and install critical infrastructure components that power economies and connect regions. The company capitalizes on its vast network spread across 100 countries, leveraging its engineering acumen and a vast fleet of machinery. This expansive geographic and operational reach ensures that KEC remains a pivotal contributor to ambitious projects, transforming remote stretches into bustling corridors of commerce and connectivity. Revenue streams are meticulously woven together through strategic contracts and partnerships spanning continents. In the intricate dance of infrastructure development, KEC International cuts through competitive markets by offering solutions from concept to commissioning. This integrated approach, combined with robust project management skills, ensures that every tower raised and every rail laid aligns with the growing aspirations of developing and developed nations alike. Moreover, by consistently expanding its capabilities, such as foraying into newer sectors like smart infrastructure, KEC continues to bolster its financial standing while remaining at the forefront of innovation. The company’s focus on efficiency, from tendering to delivery, underscores its ability to turn ambitious visions into concrete realities, thereby driving its financial success and reinforcing its position in the infrastructure sector.

KEC Intrinsic Value
866.44 INR
Undervaluation 33%
Intrinsic Value
Price ₹583.6
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