KEC International (NSE:KEC) ROE %: 12.52% (As of Mar. 2026) — 17% Below Median


NSE:KEC KEC International Ltd NSE:KEC
81 GF Score
Price ₹528.15
GF Value ₹860.18
Valuation Possible Value Trap
! 6 Warning Signs
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What is KEC International ROE %?

KEC International NSE:KEC -0.56% 81 ROE % is 12.52% as of Mar. 2026, which is 17% below its 10-year median of 15.02. GuruFocus rates NSE:KEC with a GF Score™ of 81/100 and a GF Value™ of ₹860.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,743 Construction companies, KEC International ranks better than 64.2% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. KEC International's annualized net income for the quarter that ended in Mar. 2026 was ₹7,712 Mil. KEC International's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was ₹61,597 Mil. Therefore, KEC International's annualized ROE % for the quarter that ended in Mar. 2026 was 12.52%.

The historical rank and industry rank for KEC International's ROE % or its related term are showing as below:

NSE:KEC' s ROE % Range Over the Past 10 Years
Min: 4.76   Med: 15.02   Max: 25.69
Current: 10.59

During the past 13 years, KEC International's highest ROE % was 25.69%. The lowest was 4.76%. And the median was 15.02%.

NSE:KEC's ROE % is ranked better than
64.2% of 1743 companies
in the Construction industry
Industry Median: 6.69 vs NSE:KEC: 10.59

KEC International  (NSE:KEC) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=7711.6/61596.9
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(7711.6 / 255590)*(255590 / 251580.6)*(251580.6 / 61596.9)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.02 %*1.0159*4.0843
=ROA %*Equity Multiplier
=3.07 %*4.0843
=12.52 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=7711.6/61596.9
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (7711.6 / 10309.2) * (10309.2 / 15899.6) * (15899.6 / 255590) * (255590 / 251580.6) * (251580.6 / 61596.9)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.748 * 0.6484 * 6.22 % * 1.0159 * 4.0843
=12.52 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


KEC International ROE % Related Terms


KEC International ROE % Historical Data

* Premium members only.

The historical data trend for KEC International's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

KEC International ROE % Chart

KEC International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.52 4.76 8.82 12.09 10.53

KEC International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.06 9.32 11.39 9.04 12.52

NSE:KEC vs PWR, FIX, EME: ROE % Comparison

For the Engineering & Construction subindustry, KEC International's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


KEC International ROE % vs Construction Industry

For the Construction industry and Industrials sector, KEC International's ROE % distribution charts can be found below:

* The bar in red indicates where KEC International's ROE % falls into.


NSE:KEC
81GF Score
KEC International Ltd NSE:KEC
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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KEC International ROE % Calculation

KEC International's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=6055.9/( (53474.5+61596.9)/ 2 )
=6055.9/57535.7
=10.53 %

KEC International's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=7711.6/( (0+61596.9)/ 1 )
=7711.6/61596.9
=12.52 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 12.52% mean?
KEC International (NSE:KEC) has a ROE % of 12.52% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on KEC International and its competitors. This is 17% below median its historical median of 15.02. Over the past decade, KEC International's ROE % has ranged from 4.76 to 25.69. According to the industry distribution chart, KEC International ranks #624 out of 1743 companies in the Construction industry, placing it in the top 35.8%.
Is KEC International's ROE % too high?
KEC International's current ROE % of 12.52% is 17% below median its 10-year median of 15.02. Over the past 10 years, this metric has ranged from a low of 4.76 to a high of 25.69. The Construction industry median ROE % is 6.69. KEC International's value of 12.52% is 87.1% above this industry median. Based on the distribution chart, KEC International ranks #624 out of 1743 companies in the Construction industry, which is above the industry midpoint. Overall, KEC International has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KEC International's ROE % compare to PWR and FIX?
According to the Construction industry distribution chart, KEC International ranks #624 out of 1743 companies for ROE %. This puts KEC International in the upper half of its industry. The industry median ROE % is 6.69. KEC International's value of 12.52% is 87.1% above this benchmark. Historically, KEC International's own ROE % has ranged from 4.76 to 25.69 over the past decade. While the company's 10-year median is 15.02 vs. the industry median of 6.69, KEC International has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Construction company?
The median ROE % among Construction companies is 6.69, based on 1,743 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KEC International's current ROE % of 12.52% is 87.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on KEC International and its competitors. For the Construction industry, the median ROE % is 6.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KEC International's current ROE % is 12.52%, which is 17% below median its own 10-year median of 15.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEC International stock overvalued right now?
Based on GuruFocus' analysis, KEC International (NSE:KEC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹860.18, compared to a current price of ₹528.15 — trading 38.6% below its estimated fair value. The current ROE % is 12.52%, which is 17% below median its 10-year median of 15.02 and 87.1% above the Construction industry median of 6.69. KEC International's overall GF Score™ is 81/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For KEC International (NSE:KEC), the current ROE % is 12.52% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KEC International (NSE:KEC) Overvalued in 2026?

Based on GuruFocus' analysis, KEC International stock appears to be undervalued. The current stock price of ₹528.15 is trading 38.6% below its estimated GF Value™ of ₹860.18. GuruFocus considers KEC International to be Possible Value Trap.

Key valuation signals for NSE:KEC:

  • ROE %: 12.52% (17% below median its 10-year median of 15.02)
  • GF Value™: ₹860.18 vs. price of ₹528.15 (38.6% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 87.1% above the Construction median (#624 of 1743)

No single metric tells the full story. See the NSE:KEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KEC International Business Description

Other Exchanges 532714:India
Address 463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030
KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's business segments include EPC and Others. The company generates the majority of its revenue from the EPC segment. Geographically the company generates revenue from India, UAE, Brazil, Mexico & USA, and Others.
81GF Score

Get the complete analysis for NSE:KEC

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹528.15
Price
₹860.18
GF Value