India's KEI Industries slides as brokers flag order slowdown, earnings risks

KEI Industries

05/05/2026 07:16

** Shares of KEI Industries KEIN.NS fall as much as 6.7% to 4,720.10 rupees; last down 2.27%

** Cables and wire maker's fourth-quarter consolidated revenue from operations rises about 19% y/y; profit up 25.5%

** Orders-on-hand fell 6.6% y/y

** JPMorgan said lower y/y order book points to deferred orders, hurting near-term volume growth

** Morgan Stanley raises PT by 353 rupees to 5,213 rupees, but cuts FY27–FY28 EPS estimates by 3–4%

** Brokerage trims C&W EBIT margin estimates by about 20 basis points for FY28, factoring in capacity additions by new players

** Trading vols over 2x the 30-day average

** YTD, stock up ~10%

(Reporting by Bipasha Dey in Bengaluru)

((Bipasha.Dey@thomsonreuters.com;))