Kaynes Technology India Ltd

Kaynes Technology India Ltd

₹ 1,508 4.07%
09 Jun 1:40 p.m.
About

Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments.[1]

Key Points

Business Area[1] Kaynes Technology India (KTI) is an end-to-end and IoT solutions-enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services and is among the first Indian companies to offer design-led electronics manufacturing to original equipment manufacturers.

Business verticals:
A) Original Equipment Manufacturers - Turnkey Solutions - Box Build (28.15% of FY22 revenue)[1][2] Co. undertakes Build to Print or Build to Specifications of complex box builds, sub-systems, and products across various industry verticals, and in the case of OEM Printed Circuit Board Assemblies (PCBA) it undertakes turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing.

  • Market Cap 8,771 Cr.
  • Current Price 1,508
  • High / Low 1,532 / 625
  • Stock P/E 92.6
  • Book Value 165
  • Dividend Yield 0.00 %
  • ROCE 21.8 %
  • ROE 16.3 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 96.5 to 74.0 days.

Cons

  • Stock is trading at 9.24 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company's cost of borrowing seems high

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Sep 2022 Dec 2022 Mar 2023
166 228 263 276 356
147 191 222 238 301
Operating Profit 19 37 41 38 55
OPM % 12% 16% 15% 14% 15%
1 -0 0 4 6
Interest 6 7 10 9 8
Depreciation 3 3 4 4 5
Profit before tax 11 27 26 28 49
Tax % 30% 32% 28% 25% 20%
Net Profit 8 18 19 21 39
EPS in Rs 10.11 3.96 4.11 3.56 6.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
353 360 393 671 1,087
317 319 355 581 922
Operating Profit 36 41 38 90 165
OPM % 10% 11% 10% 13% 15%
2 2 4 5 12
Interest 20 24 24 25 34
Depreciation 5 6 10 12 18
Profit before tax 13 13 9 58 125
Tax % 29% 15% 1% 29% 24%
Net Profit 9 11 9 41 95
EPS in Rs 13.60 16.68 12.60 8.88 16.30
Dividend Payout % -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 45%
TTM: 62%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 103%
TTM: 131%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 17%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 7 8 47 58
Reserves 87 98 131 156 900
156 142 137 165 131
110 113 131 243 311
Total Liabilities 360 360 406 611 1,400
49 54 67 91 134
CWIP 2 9 10 4 11
Investments 4 3 3 3 4
305 293 326 513 1,251
Total Assets 360 360 406 611 1,400

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-5 33 13 15 -52
-10 -19 -19 -37 -480
39 -36 8 26 550
Net Cash Flow 24 -22 2 3 18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 125 94 113 103 74
Inventory Days 188 219 208 168 193
Days Payable 138 138 120 122 103
Cash Conversion Cycle 174 175 201 149 163
Working Capital Days 165 147 172 134 154
ROCE % 15% 12% 26% 22%

Shareholding Pattern

Numbers in percentages

Dec 2022 Mar 2023
63.57 63.57
8.53 8.16
11.43 12.96
16.47 15.31

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents