They are an Engineering, Procurement and Construction (EPC) company providing specialised services of construction and commissioning of power transmission and distribution systems to public and private stakeholders. systems include overhead and underground lines, substation construction, automation, etc.
Kay Cee Energy & Infra’s service portfolio includes handling, erection, testing, substation construction, automation, modification and extension of existing power systems. They undertake turnkey, partial turnkey, and labour contract jobs related to all types of electrical system works. As of September 30, 2023, our Company has 15 projects in hand with an aggregate order book value of approximately ₹54,990.27 lakh.
The company, with the vision of becoming a fully integrated unit, is proposing to diversify its business activities to manufacture materials required for EPC contracts of EHV transmission lines and substations, namely, line and substation hardware accessories, fittings, clamps and connectors of up to 765 kV, Bird Flight Diverters, structures for Substation, Lines and Solar Plants, Electrical Panels etc.
The installed power capacity in India has increased from 356 GW in Fiscal 2019 to 416 GW in Fiscal 2023. It increased by 5% year-on-year in July 2023 to 424 GW. The industrial sector power consumption recorded a CAGR of 4.3% between Fiscal 2013 and Fiscal 2022 whereas the domestic sector recorded 7% over the same period, thereby indicating an increase in power consumption. Such increases in the demand for power in the future may benefit organised players in this sector, like Kay Cee.
Kay Cee Energy & Infra Ltd IPO Details
Kay Cee Energy & Infra Ltd IPO Date
The dates for bidding for the Kay Cee Energy & Infra IPO are December 28, 2023 to January 2, 2024.
Kay Cee Energy & Infra Ltd IPO Price Band
Kay Cee Energy & Infra is a book-built IPO. The exact price range is ₹51 to ₹54 per share.
Kay Cee Energy & Infra Ltd IPO Lot Size
The Kay Cee Energy & Infra Ltd IPO lot size is 2,000 shares per lot.
Kay Cee Energy & Infra Ltd IPO Objectives
The net proceeds from the issue are proposed to be utilised towards the following objects:
- Funding working capital requirements.
- General corporate purposes.
Peer Details
The following are the listed peer companies of Kay Cee Energy & Infra in India:
- Viviana Power Tech Limited
- Kec International Limited
How To Check the Allotment Status of the Kay Cee Energy & Infra Ltd IPO?
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Contact Details of Kay Cee Energy & Infra Ltd
Registered office: 9 Krishna Vihar, Near Chungi Naka, Nanta Road, Kunhadi Kotal In Ladpura, Kota-324001, Rajasthan, India
Phone: +91 80009 79358
E-mail: info@kayceeenergy.in
Company Financials
| Particulars ( ₹ in lakh ) | Year Ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Total Income | 6,132.07 | 5,012.55 | 3,559.13 |
| Profit After Tax | 550.71 | 310.05 | 187.47 |
| Return on Capital Employed | 22.32% | 19.86% | 16.43% |
| Debt Service Coverage Ratio | 0.44 | 0.71 | 0.99 |
| Current Ratio | 1.65 | 1.30 | 1.55 |
Know before investing
Strengths
3The company’s promoter has extensive experience in EPC project management in power transmission since 1996.
Their business is already fairly diversified, with operations in both underground and above-ground distribution. Now, they are further diversifying into manufacturing of transmission and substation infrastructure equipment.
The company has built long-standing relationships with both major public and private entities or clients.
Risks
3Their revenues largely depend on acceptance of the bids submitted to the Government and other agencies. This makes their revenue sources uncertain.
EPC activities are working capital intensive. Therefore, the company is dependent on a regular flow of financing for its operations.
99.33% of their entire revenue came from the single state of Rajasthan in FY 2023. Any regulatory, social or other issues in the state may jeopardise their revenue stream.
