Kaynes Technology India Ltd
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]
- Market Cap ₹ 17,440 Cr.
- Current Price ₹ 2,728
- High / Low ₹ 3,249 / 949
- Stock P/E 152
- Book Value ₹ 158
- Dividend Yield 0.00 %
- ROCE 21.5 %
- ROE 16.3 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Debtor days have improved from 96.6 to 74.0 days.
Cons
- Stock is trading at 17.3 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* 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.
Peer comparison
Sector: Consumer Durables Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|
353 | 360 | 393 | 671 | 1,086 | 1,256 | |
317 | 319 | 355 | 580 | 920 | 1,081 | |
Operating Profit | 36 | 41 | 38 | 92 | 166 | 175 |
OPM % | 10% | 11% | 10% | 14% | 15% | 14% |
2 | 2 | 4 | 5 | 12 | 37 | |
Interest | 20 | 24 | 24 | 26 | 36 | 47 |
Depreciation | 5 | 6 | 10 | 12 | 18 | 20 |
Profit before tax | 13 | 13 | 9 | 58 | 125 | 144 |
Tax % | 29% | 15% | 1% | 29% | 24% | |
9 | 11 | 9 | 41 | 95 | 115 | |
EPS in Rs | 13.60 | 16.68 | 12.60 | 8.88 | 16.30 | 19.37 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 45% |
TTM: | 31% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 103% |
TTM: | 64% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 176% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 7 | 46 | 58 | 58 |
Reserves | 87 | 98 | 131 | 156 | 900 | 951 |
Preference Capital | 0 | 0 | 1 | 0 | 0 | |
156 | 142 | 137 | 183 | 145 | 255 | |
110 | 113 | 131 | 224 | 297 | 294 | |
Total Liabilities | 360 | 360 | 406 | 609 | 1,400 | 1,558 |
49 | 54 | 67 | 107 | 119 | 159 | |
CWIP | 2 | 9 | 10 | 4 | 26 | 9 |
Investments | 4 | 3 | 3 | 3 | 4 | 27 |
305 | 293 | 326 | 495 | 1,251 | 1,364 | |
Total Assets | 360 | 360 | 406 | 609 | 1,400 | 1,558 |
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 | 167 | 191 |
Days Payable | 138 | 138 | 120 | 120 | 102 |
Cash Conversion Cycle | 174 | 175 | 201 | 150 | 162 |
Working Capital Days | 165 | 147 | 172 | 137 | 154 |
ROCE % | 15% | 12% | 25% | 22% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 23 Apr
- Certificate Under Regulation 40 15 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
- Compliance Certificate For The Year Ended 31.03.2024. 5 Apr
- Announcement under Regulation 30 (LODR)-Cessation 26 Mar
Concalls
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Mar 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
Overview
Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, with capabilities across the entire spectrum of ESDM services. Kaynes has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace and Defence, Outer-space, Nuclear, Medical, Railways, IoT, IT and other segments. [1]