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KEI Industries Under Scanner: Company confirms Income Tax search operations at multiple locations; check key details
KEI Industries informed stock exchanges that the Income Tax Department has initiated search operations at its registered office, manufacturing plants and other related premises, while the company said it is fully cooperating with authorities and remains committed to legal compliance and transparency.
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KEI Industries said the Income Tax Department has initiated search operations at its offices, plants and related locations, with the company extending full cooperation to authorities.
Written By: Shweta Birendra Shukla
Updated: Thu, May 07, 2026
07:47 PM IST
07:47 PM IST
New Delhi
KEI Industries Share Price: KEI Industries on Thursday informed stock exchanges that the Income Tax Department has initiated search operations at the company’s registered office, manufacturing plants and other related premises.
In an exchange filing dated 7 May, the company said it is fully cooperating with the authorities and providing all necessary information and support during the ongoing proceedings.
“The company is extending full cooperation to the officials of the Income Tax Department and is providing all requisite information and assistance,” KEI Industries said in its filing.
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The company also stated that it would inform stock exchanges in case any material development emerges after the conclusion of the search operation.
At close, shares of the company were trading at Rs 5133, down 0.30 per cent on the NSE.
Company stresses legal compliance
KEI Industries emphasised that it follows high standards of ethical conduct and remains committed to transparency and compliance with applicable laws.
The company said its commitment towards due legal process and corporate governance remains unchanged despite the ongoing proceedings.
The development comes at a time when the stock has staged a strong recovery from recent lows. Shares of KEI Industries have rebounded nearly 30 per cent from their April lows and were trading around Rs 5,110 apiece.
Over the longer term, the stock has delivered strong gains to investors, rising nearly 164 per cent over the past three years and around 890 per cent over the last five years.
The company has emerged as a key beneficiary of rising demand across sectors such as power, infrastructure, real estate and industrial projects, particularly in the cables and wires segment.
KEI Industries Q4FY26 results
The tax department action comes shortly after the company reported its March quarter earnings, which came ahead of analyst expectations on the back of stronger margins and higher other income.
KEI Industries reported Q4FY26 revenue of Rs 3,480 crore, up 19 per cent year-on-year. The growth was mainly driven by an 18 per cent rise in the cables and wires business.
EBITDA for the quarter increased nearly 27 per cent year-on-year to Rs 380 crore, supported by better-than-expected margins in the cables and wires segment.
Net profit for the quarter rose nearly 25 per cent year-on-year to Rs 280 crore.
For the full financial year FY26, the company reported revenue of Rs 11,750 crore, EBITDA of Rs 1,240 crore and adjusted profit after tax of Rs 930 crore.
This reflected annual growth of 21 per cent in revenue, 25 per cent in EBITDA and 33 per cent in adjusted PAT. The company’s EBITDA margin expanded 40 basis points year-on-year to 10.6 per cent.
Strong order book and growth outlook
KEI Industries also maintained a healthy order backlog across segments. Its order book included around Rs 625 crore in EHV cables, Rs 310 crore in EPC projects, Rs 2,150 crore in domestic institutional cables and nearly Rs 500 crore in export orders.
The company remains optimistic on future demand and has guided for volume growth of around 17 to 18 per cent in FY27 and nearly 20 per cent in FY28.
Management expects growth to be supported by continued capex momentum across infrastructure, power and industrial sectors, along with capacity expansion plans.
KEI Industries share price target
Following the quarterly performance, brokerage firms retained their positive view on the stock. Motilal Oswal Financial Services maintained its ‘Buy’ rating on KEI Industries with a target price of Rs 5,780, while JM Financial also reiterated its ‘Buy’ call and raised its target price to Rs 5,800 from Rs 5,300 earlier.
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Shweta Birendra Shukla
Shweta Birendra Shukla
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