Kaynes Technology India Ltd

Kaynes Technology India Ltd

₹ 6,704 -1.40%
31 Oct - close price
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]

  • Market Cap 44,951 Cr.
  • Current Price 6,704
  • High / Low 7,825 / 3,825
  • Stock P/E 142
  • Book Value 444
  • Dividend Yield 0.00 %
  • ROCE 14.3 %
  • ROE 10.7 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 95.2% CAGR over last 5 years

Cons

  • Stock is trading at 15.1 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 11.3% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
199 273 289 365 297 361 509 637 504 572 661 984 673
175 230 248 305 257 312 439 542 437 490 567 817 560
Operating Profit 25 43 41 59 40 49 70 95 67 82 94 168 113
OPM % 12% 16% 14% 16% 14% 14% 14% 15% 13% 14% 14% 17% 17%
1 1 3 7 8 9 9 29 28 34 25 20 27
Interest 7 10 9 8 11 12 15 15 23 22 27 29 28
Depreciation 5 5 5 5 5 7 6 7 8 9 11 17 16
Profit before tax 13 29 30 54 32 39 58 102 64 85 81 142 96
Tax % 25% 27% 24% 23% 23% 18% 23% 20% 21% 29% 18% 18% 22%
10 21 23 41 25 32 45 81 51 60 66 116 75
EPS in Rs 2.18 4.55 3.93 7.10 4.24 5.56 7.07 12.71 7.94 9.41 10.38 18.15 11.14
Raw PDF
Upcoming result date: 4 November 2025

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
364 368 420 706 1,126 1,805 2,722 2,891
328 325 378 611 956 1,548 2,305 2,434
Operating Profit 36 43 42 95 170 257 416 457
OPM % 10% 12% 10% 13% 15% 14% 15% 16%
2 1 4 4 11 56 106 106
Interest 20 25 25 27 36 56 106 107
Depreciation 5 8 10 13 19 25 45 52
Profit before tax 14 11 11 59 126 232 372 404
Tax % 28% 17% 10% 29% 24% 21% 21%
10 9 10 42 95 183 293 317
EPS in Rs 14.26 13.94 13.79 9.03 16.37 28.68 45.84 49.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 49%
3 Years: 57%
TTM: 44%
Compounded Profit Growth
10 Years: %
5 Years: 95%
3 Years: 90%
TTM: 52%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 23%
Return on Equity
10 Years: %
5 Years: 12%
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7 7 7 46 58 64 64
Reserves 86 96 132 156 901 2,423 2,776
156 153 148 189 155 323 903
115 122 132 231 304 456 898
Total Liabilities 363 378 419 622 1,418 3,265 4,641
53 66 80 113 132 319 845
CWIP 2 12 13 8 29 105 391
Investments 2 2 2 2 3 132 132
306 299 325 499 1,254 2,709 3,273
Total Assets 363 378 419 622 1,418 3,265 4,641

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-8 45 28 21 -42 70 -82
-41 -10 -24 -45 -494 -1,505 -355
49 -35 -1 27 554 1,429 465
Net Cash Flow 0 -0 2 4 19 -7 28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 123 93 106 102 74 72 77
Inventory Days 184 228 209 167 191 150 156
Days Payable 136 139 122 121 103 99 131
Cash Conversion Cycle 171 182 193 148 162 123 102
Working Capital Days 38 32 50 53 107 66 -7
ROCE % 14% 13% 25% 22% 15% 14%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
63.57% 63.57% 63.57% 63.57% 57.83% 57.83% 57.83% 57.75% 57.75% 57.75% 53.52% 53.46%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19% 14.27% 14.92% 14.84% 11.17% 10.71% 10.71%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36% 17.88% 16.07% 15.04% 16.98% 22.39% 23.66%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61% 10.03% 11.25% 12.37% 14.10% 13.36% 12.17%
No. of Shareholders 62,50245,64360,58367,58886,15897,4231,12,1761,56,8291,92,2142,30,5332,24,6202,19,405

* 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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