KEC International Secures Rs 1,063 Crore Orders, Expands Global T&D Footprint Amid Cash Flow Challenges
August 4, 2026
KEC International secured new orders totaling Rs 1,063 crore across transmission & distribution, renewables, civil, and cables and conductors, boosting its diversified order book.
An earnings conference call is scheduled for August 11, 2026, where MD & CEO Vimal Kejriwal and CFO Rajeev Aggarwal will discuss Q1FY27 unaudited results for the quarter ended June 30, 2026.
KEC’s stock was trading around Rs 474.25 on the day, with a slight intraday decline from the previous close.
Shares reached about Rs 479.10 intraday, reflecting subdued trading sentiment on the day.
Executives are expected to emphasize execution velocity, margin trajectory, and cash conversion improvements, along with potential changes in working capital or debt management post-Q1 results.
The company’s international expansion is underscored by a 400 kV transmission line project in Africa and tower and hardware supplies in the Americas, expanding its T&D footprint.
The order mix spans civil works for a 24 lakh square foot high-rise residential project, a 400 kV Africa transmission line, tower and hardware supply in the Americas, a 50+ MW wind EPC project, and various cable and conductor orders globally.
FY26 ended with negative operating cash flow of Rs 414.10 crore and a high liabilities-to-equity ratio of 3.08x, signaling working capital and receivables pressures even as backlog grows.
Liquidity indicators show a current ratio of 1.23x, highlighting the need for improved working capital management to sustain backlog execution given high leverage and cash flow concerns.
Q4FY26 revenue stood at Rs 6,419.80 crore with net profit of Rs 192.80 crore and an operating margin around 7.0%, reflecting steady quarterly performance with no margin erosion.
FY26 revenue from operations reached Rs 23,506 crore, up from Rs 21,847 crore in FY25, with an operating profit of Rs 1,869 crore and net profit of Rs 606 crore; Q4 revenue was Rs 6,390 crore and net profit Rs 193 crore.
The Rs 1,063 crore order represents roughly 18% of the company’s average quarterly revenue and contributes to a disclosed order book of Rs 9,298 crore across seven orders, with a book-to-bill ratio of 1.58x.
Summary based on 7 sources
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Sources

Business Standard • Aug 4, 2026
KEC International bags orders worth Rs 1,063 cr
Business Standard • Aug 4, 2026
KEC International bags new orders worth Rs 1,063 crore
Sahi • Aug 4, 2026
KEC International Secures New Contracts Worth ₹1,063 Crore