Prabhudas Lilladher Recommends 'BUY' on KEI Industries; Sets Target at Rs 5573

• KEI Industries reported 19.5% W&C revenue growth in Q3FY26, driven by strong institutional cable exports.
• W&C EBIT margin expanded by 190bps due to increased housing wires share and export contribution.
• Company guides for 20%+ revenue growth in FY26 and ~25% in Q4FY26, backed by capacity increase despite raw material inflation.
• KEII targets >20% revenue CAGR from FY27, supported by full ramp-up of Sanand plant by March 2027.
• Prabhudas Lilladher maintains 'BUY' rating with a target price of Rs 5,573, valuing at 40x FY28 earnings.

Why It Matters: Prabhudas Lilladher recommends buying KEI Industries, citing strong growth and future potential, with a target of Rs 5573.