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KEI Industries hosted a
conference call on Aug 2, 2021. In the conference call the company was
represented by Anil Gupta, CMD and R Gupta, CFO.
Key takeaways of the call
Expects revenue growth of 25% for
FY22. It expects the margin for current fiscal to be in the band of 10.5-11%
with likely tilt towards upperside.
Order book as end of Sep 2021
stood at Rs 3296 crore.
Capex targeted in next 4 year is
about Rs 600-700 crore largely towards EHV, LT/HT cables.
Sale of share by promoters is
largely to fund acquisition of property for personal use by the promoters. No
more stake sales is expected.
Even the performance of the
company in Q1FY22 also impacted by Covid related lockdown restricting the
opening of retail outlets and production by many states.
The company will firmup its FMEG
plans by Q4FY22 and announce it during Q4FY22 concall.
Current capacity will support the
revenue growth of the company till FY23.
The company is bottlenecking the SS wire capacity which will increase
the capacity of SS wire by about 15%.
Decline in EPC revenue is in line
with the stated goal of the company to restrict EPC revenue contribution to
about 10-12% of STO.
Gross debt including channel
finance of RS 144 crore stood at Rs 340 crore as end of Sep 2021.
For cables lot of order are under
discussion some more orders are in pipeline. The company expect 10-15% growth
for cables in FY12.
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