Kaynes Technology India Ltd

Kaynes Tech Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Kaynes Technology India Ltd

₹ 6,045 -1.01%
20 May 9:42 a.m.
kaynestechnology.co.in BSE: 543664 NSE: KAYNES
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

Offerings
The company is a prominent player in integrated electronics manufacturing. It offers end-to-end and IoT-enabled ESDM solutions spanning conceptual design, process engineering, integrated manufacturing, and life-cycle support. It has also ventured into semiconductor assembly and testing (OSAT) and high-density interconnect PCBs (HDI PCBs). Its offerings cater to diverse industries like automotive, industrial, aerospace, defense, outer space, nuclear, medical, railways, IoT, etc. [1]

Website BSE NSE
  • Market Cap ₹ 38,739 Cr.
  • Current Price ₹ 6,045
  • High / Low ₹ 7,825 / 2,811
  • Stock P/E 185
  • Book Value ₹ 413
  • Dividend Yield 0.00 %
  • ROCE 12.2 %
  • ROE 8.28 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 79.5% CAGR over last 5 years

Cons

  • Stock is trading at 14.8 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 8.92% over last 3 years.
  • Earnings include an other income of Rs.137 Cr.
  • Debtor days have increased from 68.3 to 94.7 days.

* 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

Part of BSE 500 BSE Capital Goods Nifty 500 BSE SmallCap Nifty Smallcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
228 192 263 276 356 291 292 317 375 350 433 396 737
191 165 222 238 301 251 253 275 323 302 360 347 653
Operating Profit 37 27 41 38 55 39 39 42 52 48 73 49 84
OPM % 16% 14% 15% 14% 15% 14% 13% 13% 14% 14% 17% 12% 11%
-0 0 0 4 6 8 10 12 33 36 39 35 26
Interest 7 7 10 9 8 11 12 16 15 19 20 24 25
Depreciation 3 4 4 4 5 5 6 5 6 6 6 7 7
Profit before tax 27 15 26 28 49 32 31 33 65 59 86 53 78
Tax % 32% 22% 28% 25% 20% 21% 18% 22% 23% 18% 27% 28% 22%
18 12 19 21 39 25 25 26 50 49 63 38 60
EPS in Rs 3.96 2.61 4.11 3.56 6.64 4.33 4.37 4.03 7.78 7.59 9.77 5.94 9.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
369 353 360 393 671 1,086 1,274 1,915
332 317 319 355 580 920 1,100 1,662
Operating Profit 37 36 41 38 92 166 173 253
OPM % 10% 10% 11% 10% 14% 15% 14% 13%
5 2 2 4 5 12 64 137
Interest 15 20 24 24 26 36 56 88
Depreciation 5 5 6 10 12 18 21 27
Profit before tax 22 13 13 9 58 125 161 275
Tax % 34% 29% 15% 1% 29% 24% 21% 24%
15 9 11 9 41 95 126 210
EPS in Rs 21.57 13.60 16.68 12.60 8.88 16.30 19.73 32.79
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 40%
3 Years: 42%
TTM: 50%
Compounded Profit Growth
10 Years: %
5 Years: 80%
3 Years: 72%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 89%
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7 7 7 7 46 58 64 64
Reserves 78 87 98 131 156 900 2,365 2,579
98 156 142 138 183 145 279 617
122 110 113 130 224 297 260 629
Total Liabilities 304 360 360 406 609 1,400 2,968 3,889
45 49 54 67 107 119 199 286
CWIP 1 2 9 10 4 26 34 27
Investments 3 4 3 3 3 4 174 294
255 305 293 326 495 1,251 2,561 3,283
Total Assets 304 360 360 406 609 1,400 2,968 3,889

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
9 -5 33 13 15 -52 -103 65
-1 -10 -19 -20 -37 -480 -1,302 -322
-8 39 -36 8 26 550 1,395 259
Net Cash Flow 0 24 -22 1 3 18 -10 2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 131 125 94 113 103 74 36 95
Inventory Days 123 188 219 208 167 191 189 161
Days Payable 140 138 138 120 120 102 76 132
Cash Conversion Cycle 113 174 175 201 150 162 150 124
Working Capital Days 119 165 147 172 137 158 216 290
ROCE % 15% 15% 12% 25% 22% 11% 12%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
63.57% 63.57% 63.57% 63.57% 57.83% 57.83% 57.83% 57.75% 57.75% 57.75%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19% 14.27% 14.92% 14.84% 11.17%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36% 17.88% 16.07% 15.04% 16.98%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61% 10.03% 11.25% 12.37% 14.10%
No. of Shareholders 62,50245,64360,58367,58886,15897,4231,12,1761,56,8291,92,2142,30,533

* 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.

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Documents

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