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 ₹ 38,130 Cr.
- Current Price ₹ 5,950
- High / Low ₹ 7,825 / 2,424
- Stock P/E 147
- Book Value ₹ 406
- Dividend Yield 0.00 %
- ROCE 14.5 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 14.2 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 12.9% over last 3 years.
- Earnings include an other income of Rs.116 Cr.
* 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 Alpha 50 Nifty Smallcap 100 BSE 250 SmallCap Index
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
368 | 421 | 706 | 1,126 | 1,805 | 2,375 | |
325 | 379 | 611 | 956 | 1,548 | 2,036 | |
Operating Profit | 43 | 42 | 95 | 170 | 257 | 338 |
OPM % | 12% | 10% | 13% | 15% | 14% | 14% |
1 | 4 | 4 | 11 | 56 | 116 | |
Interest | 25 | 25 | 27 | 36 | 56 | 87 |
Depreciation | 8 | 10 | 13 | 19 | 25 | 35 |
Profit before tax | 11 | 11 | 59 | 126 | 232 | 332 |
Tax % | 17% | 10% | 29% | 24% | 21% | |
9 | 10 | 42 | 95 | 183 | 259 | |
EPS in Rs | 13.94 | 14.31 | 9.03 | 16.37 | 28.68 | 40.44 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 62% |
TTM: | 55% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 165% |
TTM: | 80% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 121% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 46 | 58 | 64 | 64 |
Reserves | 96 | 131 | 156 | 901 | 2,423 | 2,535 |
153 | 141 | 189 | 155 | 323 | 698 | |
122 | 141 | 231 | 304 | 456 | 499 | |
Total Liabilities | 378 | 419 | 622 | 1,418 | 3,265 | 3,796 |
66 | 72 | 113 | 132 | 319 | 435 | |
CWIP | 12 | 13 | 8 | 29 | 105 | 158 |
Investments | 2 | 2 | 2 | 3 | 132 | 138 |
299 | 333 | 499 | 1,254 | 2,709 | 3,065 | |
Total Assets | 378 | 419 | 622 | 1,418 | 3,265 | 3,796 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
45 | 26 | 21 | -42 | 70 | |
-10 | -24 | -45 | -494 | -1,505 | |
-35 | 1 | 27 | 554 | 1,429 | |
Net Cash Flow | -0 | 2 | 4 | 19 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 93 | 106 | 102 | 74 | 72 |
Inventory Days | 228 | 209 | 167 | 191 | 150 |
Days Payable | 139 | 122 | 121 | 103 | 99 |
Cash Conversion Cycle | 182 | 193 | 148 | 162 | 123 |
Working Capital Days | 166 | 156 | 127 | 147 | 126 |
ROCE % | 13% | 26% | 22% | 15% |
Documents
Announcements
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - Kaynes Technology confirms not a Large Corporate as of March 31, 2025, per SEBI circular compliance.
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
7 Apr - Submission of compliance certificate under SEBI regulations.
-
General Announcement
29 Mar - Correction of Board Meeting commencement time.
-
Board Meeting Outcome for Outcome Of The Board Meeting Dated March 29, 2025
29 Mar - Allotment of shares and incorporation of subsidiary.
-
Closure of Trading Window
25 Mar - Closure of Trading Window from April 1 to May 11, 2025.
Concalls
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT REC
-
Oct 2024TranscriptPPTREC
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024TranscriptPPT
-
Feb 2024Transcript PPT REC
-
Nov 2023Transcript PPT
-
Oct 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT REC
-
Mar 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Dec 2022TranscriptNotesPPT
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]