Motilal Oswal Securities Limited (MOSL) has reaffirmed its “buy” rating on KEI Industries, setting a target price of ₹5150. The brokerage expects an upside potential of 19% from the current market price of ₹4322.50.
MOSL highlighted KEI Industries’ strong growth prospects in the cables and wires (C&W) industry, driven by a long-term focus on capacity expansion and market share gains. The company has also shown robust growth in its retail business, alongside higher exports and continuous product innovations.
The brokerage estimates the company’s revenue, EBITDA, and EPS to achieve a compound annual growth rate (CAGR) of 17%, 24%, and 22%, respectively, over FY25-27. At the current trading levels, KEI Industries is valued at 49x and 40x its estimated EPS for FY26 and FY27, which MOSL finds attractive.
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