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#KCEIL
Power transmission player Kay Cee Energy received 26.4 Cr new orders from RVPN.
26.4 Cr order inflow at a 6 PE valuation.
Is the market missing something here? 🤔

**SME News Bulletin 2026-05-16**
[Financial Results]
#KCEIL - Kay Cee Energy & Infra Limited Releases Audited Financial Results for Half Year and Year Ended March 31, 2026
#LRRPL - Lead Reclaim and Rubber Products Achieves Record Financial Results in Q1 2026
#SIDDHIKA - Siddhika Coatings Limited reports financial results for period ending March 31, 2026
#JAYBEE - Jay Bee Laminations Limited reports financial results for period ending March 31, 2026
#DENEERS - De Neers Tools Limited Reports Financial Results for Q1 2026
[Investor Presentation]
#KCEIL - Kay Cee Energy & Infra Limited Informs Exchange About Investor Presentation
#ACCENTMIC - Accent Microcell Limited Informs Exchange About Investor Presentation
#NAMAN - Naman Industries Proxima Limited Investor Presentation Update
[Acquisition]
#IEML - Indian Emulsifiers Limited Informs Exchange About Acquisition
#SAHAJSOLAR - Sahaj Solar Limited Informs Exchange About Acquisition
[Regulatory Compliance]
#HOACFOODS - Hoac Foods India Limited discloses information to exchange regarding regulation compliance
[Corporate Insolvency Resolution Process]
#COSMICCRF - Cosmic CRF Limited Eligible for Corporate Insolvency Resolution Process After Supreme Court Ruling
[Earnings Conference Call]
#REMUS - Remus Pharmaceuticals to Hold Earnings Conference Call for H2-FY26/FY26 on May 21, 2026
[Business Update]
#KEL - Kundan Edifice Ltd. provides business update on order schedule confirmation
[Promoter Group Reclassification]
#DENEERS - De Neers Tools receives NOC from NSE for promoter group reclassification to public category shareholder
[Material Issue Disclosure]
#PRATHAM - Pratham EPC Projects Limited discloses material issue
#SME #KCEIL #KayCeeEnergy
Kay Cee Energy & Infra H2 FY26 Concall
👉Important Correction to the below highlights:
💠EBITDA margin to be in range of 18-20% with 10-12% PAT
💠Other Current Assets rose from 60 cr to 102 cr due to SD/EMD/retention deductions as per tender terms.
Thanks
@Abhishe91277287 @cadj_jodhpur for pointing it out 🙏
#SME #KCEIL #KayCeeEnergy
Kay Cee Energy & Infra H2FY26 Earnings Call Highlights
👉 FY27 & Future Outlook
▫️ Better revenue growth expected in FY27 – significantly higher than FY26
💠H2 FY26 impacted by ~₹50-60 Cr delayed supplies due to geopolitical tensions/war-related disruptions in Middle East
👉Management also confirmed repeat orders continue from RVPNL despite past allegations (no departmental action taken; cancelled tenders re-floated for all players including Universal & Rajesh Power Services)
👉Delayed material has already started reaching India (50% executed in May) and the balance will be executed in the next 2-3 months.
💠 H2 FY26 revenue was deliberately protected at the cost of top-line (81 Cr vs 114 Cr in H2 FY25) to safeguard margins; full impact of the deferred material (supply + service portion) will flow into FY27
💠 No specific numerical guidance given to avoid investor fixation irrespective of market realities
▫️ EBITDA margins to be maintained at 10-12%
💠 Emphasised priority on margin protection over aggressive revenue push. They rejected the option of chasing top-line at the cost of 30-40% EBITDA shrinkage by sourcing expensive local material
👉 Backward integration (new manufacturing unit for hardware, CP/CVT, transformers) expected to add ~1-2% margin initially (captive use first, later sales to others)
💠Helps reduce supply-chain disruptions (currently 5-7% of raw material is imported. Unit expected to start commercial production by September-December 2026
👉 Current Order Book / Projects and Future Pipeline
▫️ Unexecuted Order Book: ₹481 Cr (as on 31 March 2026).
💠 Execution timeline: 12-18 months (majority in next 12-13 months).
💠 Out of 481 Cr, ~₹350 Cr was earlier in JV (now largely completed); current book is almost entirely standalone KC Energy orders.
💠 Majority with RVPNL (Rajasthan) + private players (~₹73 Cr). Fixed-price contracts are minimal (only small 4-5 Cr orders); most have price-variation clauses.
▫️ Bid Pipeline: ~₹300 Cr+ tenders already quoted; expected to finalise in next 1-2 months.
💠 Diversification efforts underway – bidding in Assam, Bihar, and other states to reduce Rajasthan concentration
▫️ No major funding constraint once retention money is released.
👉 Other Notable Points
▫️ Working Capital & Liquidity
• Other current assets rose (₹102 Cr → ₹160 Cr) due to SD/EMD/retention deductions as per tender terms.
• ₹50-60 Cr retention money expected to be released in next 2-3 months (55-60% of total locked amount) → will improve cash flow and reduce borrowing needs.
• Bank facilities adequate (fund-based ~₹50-65 Cr utilised ~₹40-45 Cr; non-fund ~₹100 Cr). No funding issue for executing current order book or bidding aggressively.
• Debt levels stable
👉Key Challenges & Management Stance
💠Revenue shortfall in H2 FY26 entirely attributed to ERS supply delays (not demand or execution failure).
💠 Rajasthan tender delays/cancellations (common across industry) due to government processes/land/ROW issues – not company-specific.
💠Competitive intensity exists but margins protected through selective bidding (only tenders with decent gross margins).
💠New manufacturing unit in Kota near completion (sheds/flooring done; machinery installation starting shortly).
▫️ Strategic Focus
💠Relationships with key clients (RVPNL, PowerGrid, private players like Wonder Cement – no BG required in private)
💠ERS (Emergency Restoration System) – alternative Indian steel options exist but aluminium preferred for faster installation; no major requirement expected in next 5 years

#SME #KCEIL #KayCeeEnergy
Kay Cee Energy & Infra H2FY26 Earnings Call Highlights
👉 FY27 & Future Outlook
▫️ Better revenue growth expected in FY27 – significantly higher than FY26
💠H2 FY26 impacted by ~₹50-60 Cr delayed supplies due to geopolitical tensions/war-related disruptions in Middle East
👉Management also confirmed repeat orders continue from RVPNL despite past allegations (no departmental action taken; cancelled tenders re-floated for all players including Universal & Rajesh Power Services)
👉Delayed material has already started reaching India (50% executed in May) and the balance will be executed in the next 2-3 months.
💠 H2 FY26 revenue was deliberately protected at the cost of top-line (81 Cr vs 114 Cr in H2 FY25) to safeguard margins; full impact of the deferred material (supply + service portion) will flow into FY27
💠 No specific numerical guidance given to avoid investor fixation irrespective of market realities
▫️ EBITDA margins to be maintained at 10-12%
💠 Emphasised priority on margin protection over aggressive revenue push. They rejected the option of chasing top-line at the cost of 30-40% EBITDA shrinkage by sourcing expensive local material
👉 Backward integration (new manufacturing unit for hardware, CP/CVT, transformers) expected to add ~1-2% margin initially (captive use first, later sales to others)
💠Helps reduce supply-chain disruptions (currently 5-7% of raw material is imported. Unit expected to start commercial production by September-December 2026
👉 Current Order Book / Projects and Future Pipeline
▫️ Unexecuted Order Book: ₹481 Cr (as on 31 March 2026).
💠 Execution timeline: 12-18 months (majority in next 12-13 months).
💠 Out of 481 Cr, ~₹350 Cr was earlier in JV (now largely completed); current book is almost entirely standalone KC Energy orders.
💠 Majority with RVPNL (Rajasthan) + private players (~₹73 Cr). Fixed-price contracts are minimal (only small 4-5 Cr orders); most have price-variation clauses.
▫️ Bid Pipeline: ~₹300 Cr+ tenders already quoted; expected to finalise in next 1-2 months.
💠 Diversification efforts underway – bidding in Assam, Bihar, and other states to reduce Rajasthan concentration
▫️ No major funding constraint once retention money is released.
👉 Other Notable Points
▫️ Working Capital & Liquidity
• Other current assets rose (₹102 Cr → ₹160 Cr) due to SD/EMD/retention deductions as per tender terms.
• ₹50-60 Cr retention money expected to be released in next 2-3 months (55-60% of total locked amount) → will improve cash flow and reduce borrowing needs.
• Bank facilities adequate (fund-based ~₹50-65 Cr utilised ~₹40-45 Cr; non-fund ~₹100 Cr). No funding issue for executing current order book or bidding aggressively.
• Debt levels stable
👉Key Challenges & Management Stance
💠Revenue shortfall in H2 FY26 entirely attributed to ERS supply delays (not demand or execution failure).
💠 Rajasthan tender delays/cancellations (common across industry) due to government processes/land/ROW issues – not company-specific.
💠Competitive intensity exists but margins protected through selective bidding (only tenders with decent gross margins).
💠New manufacturing unit in Kota near completion (sheds/flooring done; machinery installation starting shortly).
▫️ Strategic Focus
💠Relationships with key clients (RVPNL, PowerGrid, private players like Wonder Cement – no BG required in private)
💠ERS (Emergency Restoration System) – alternative Indian steel options exist but aluminium preferred for faster installation; no major requirement expected in next 5 years

#KCEIL has posted a very disappointing set of numbers.👎👎
The biggest concern???
Management had guided for nearly 300 Cr revenue in FY26…
Actual FY26 revenue came at just 164 Cr vs 153 Cr in FY25.
That is barely ~7% growth despite such aggressive guidance.👎
YoY numbers also remained weak👎
- Revenue: 115 Cr ➝ 81 Cr (-30%)
- Net Profit: 12 Cr ➝ 10 Cr (-17%)
Reason for the miss (as per company)…
Delayed ERS shipments due to Middle East geopolitical disruptions and raw material volatility impacted execution.
However, a few positives still remain intact…👍
- 481 Cr order book
- Expansion into manufacturing/backward integration
- Entry into Solar EPC & Railway electrification
- EBITDA margins still around 20%
- Strong clients like PGCIL, RRVPNL & Indian Railways
Near-term execution has clearly disappointed. Now management will have to rebuild investor confidence through actual delivery, not guidance.🙂

🚨 Today all eyes on #KCEIL🤞
Let’s see whether company delivers another surprise set of numbers or not…👀
🚨 Today all eyes on #KCEIL🤞
Let’s see whether company delivers another surprise set of numbers or not…👀
Sales growth? YES ✅
Profit growth? YES ✅
Order book growth? YES ✅
FY26 revenue target:
153 Cr → 300 Cr (2X)🚨
And even after all this…
PE is just 7 🤔

Kay Cee Energy receives a 12 Cr order from Powergrid.
#Powergrid raises FY26 capex guidance from 28000 Cr to 32000 Cr
#KCEIL needs some more of these orders
#KCEIL Kay Cee Energy - finally gets an order from Sarkar.
Awarded INR 12.21 crores contract by POWERGRID for 400 kV line diversions; completion by 21 Jan 2027.
**SME News Bulletin 2026-01-23**
[Company Orders/Contracts]
#SHELTER - Shelter Pharma Secures $141,600 Order from Taha Drugs & Chemicals Co. Ltd
#KCEIL - Kay Cee Energy & Infra Limited Secures New Orders/Contracts
#ATMASTCO - Atmastco Limited Receives Work Order for Supply of Raw Material and Fabrication of Structural Steel
[Company Earnings/Financials]
#MADHUSUDAN - Madhusudan Masala Limited releases Q3 & 9M FY26 earnings call transcript
[Company Acquisitions/Expansions]
#AIMTRON - Aimtron Electronics Acquires US-Based ESDM and ODM Company to Expand Global Footprint
[Board Meetings/Updates]
#Refractory - Refractory Shapes Limited Holds Board Meeting on January 23, 2026
#MADHAVBAUG - Vaidya Sane Ayurved Laboratories Board Meeting Update on January 23, 2026
#AKANKSHA - Akanksha Power & Infrastructure Ltd. announces board meeting outcome on January 23, 2026
[Investor Interaction/Events]
#ENSER - Enser Communications Limited reveals investor interaction outcome at ValuePortal event
#HRHNEXT - HRH Next Services Limited Releases Investor Interaction Transcript for ValuePortal Event
#PSFL - Paramount Speciality Forgings Limited discloses outcome of investor interaction at ValuePortal event
[Company Updates/Disclosures]
#MADHAVBAUG - Vaidya Sane Ayurved Laboratories reports general updates to exchange
#AIMTRON - Aimtron Electronics reports material event update for Texas subsidiary Aimtron Electronics LLC
#AIMTRON - Aimtron Electronics reports material event update for Aimtron International Controls, LLC
#KODYTECH - Kody Technolab Limited Reports General Updates to Exchange
#FROG - Frog Innovations Limited reconstitutes nomination and remuneration committee and stakeholders relationship committee
#BASILIC - Basilic Fly Studio Ltd. Discloses Key Managerial Personnel Authorization
#ROXHITECH - Rox Hi Tech Limited Discloses Meeting Outcome
#RBS - Ramdevbaba Solvent Limited discloses information per SEBI regulations
[Company Appointments]
#FROG - Frog Innovations Limited appoints Ms. Suchita Vishnoi as Non-Executive Independent Director
#BASILIC - Basilic Fly Studio Limited appoints Ms. Ravichandran Chitra as Non-Executive Independent Director
[Regulatory Compliance/Notifications]
#MAGSON - Magson Retail submits pre-clearance application under SEBI regulations
#ARABIAN - Arabian Petroleum Limited notifies exchange of recording link
#ARABIAN - Arabian Petroleum Limited notifies exchange of regulation 30 intimation under SEBI LODR, 2015
[Company Land Acquisitions]
#KESAR - Kesar India Limited Acquires 9.10 Hectares of Land in Nagpur, Maharashtra, with Revenue Potential of Rs. 200 Crore
#KESAR - Kesar India Limited Acquires 22.487 Acres of Land Near Samruddhi Mahamarg, Nagpur
[Committee Approval/Flat Sale]
#FROG - Frog Innovations Receives Approval for Unitech Flat Sale via Auction
[Strategic Alliance]
#SYSTANGO - Systango forms strategic alliance with Alibaba Cloud
[Rights Issue]
#PRESSTONIC - Presstonic Engineering obtains re-ISIN for rights issue
🚨#KCEIL received a solid order from Power Grid🔥🔥
12.21 Cr contract for diversion/modification of 400 kV transmission lines for the upcoming Greenfield Airport at Kota…
Work includes supply + execution, to be completed by Jan’27…
Steady execution story getting stronger💪💪

#KCEIL Kay Cee Energy - finally gets an order from Sarkar.
Awarded INR 12.21 crores contract by POWERGRID for 400 kV line diversions; completion by 21 Jan 2027.
Good results from Kay cee energy. DIIs have exited seemingly for the allegations/issues facing the company.
Everything hunky dory or not, only time will tell.
#KCEIL

Caution 🚩#C2Cadvance #C2Cadvancedsystems stock down 10% with volumes 6 times usual daily volumes already completed by 12.30PM IST with heavy volumes in the first 1 hr of trade despite stories and threads in X. Reminds me of #TGL (Business destroyed) and #KCEIL (no valuation)
If a small order can trigger an upper circuit today… a big order can rewrite the whole chart…
#KCEIL
📌 KAY CEE ENERGY & INFRA LIMITED informed the exchange about being awarded with another work order from Wonder Cement Limited for Design, Engineering, Supply, Height rising, Civil Works Erection, Testing, Commissioning, Charging and handing over of 220 KV D/C Line. The total order value for aforementioned work order is INR 1,82,70,491/- (One crore eighty-two lakh seventy thousand four hundred ninety-one only) Including all the Charges but Exclusive of Statutory Taxes, to be completed by 31st March, 2026. #SME #KCEIL 🏗️💡

5 trusting stocks of my portfolio:
1. #rbzjewel -> showing incredible strength in this market
2. #avpinfra -> also looking good today.
3. #webelsolar -> continue to add here and build my position
4. #kceil -> only waiting for a positive news to kick in
5. #kaynes -> new position
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