Kaynes Technology India Ltd

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

Kaynes Technology India Ltd

₹ 2,392 -0.25%
04 Oct - close price
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

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.

Website BSE NSE
  • Market Cap ₹ 13,905 Cr.
  • Current Price ₹ 2,392
  • High / Low ₹ 2,415 / 625
  • Stock P/E 146
  • Book Value ₹ 165
  • Dividend Yield 0.00 %
  • ROCE 21.5 %
  • ROE 16.4 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 93.8 to 73.6 days.

Cons

  • Stock is trading at 14.5 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.

Peer comparison

Sector: Consumer Durables Industry: Electronics - Components

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2021 Mar 2022 Jun 2022 Dec 2022 Mar 2023 Jun 2023
183 238 199 289 365 297
161 198 175 248 305 257
Operating Profit 22 40 25 41 59 40
OPM % 12% 17% 12% 14% 16% 14%
2 -0 1 3 7 8
Interest 7 7 7 9 8 11
Depreciation 4 4 5 5 5 5
Profit before tax 14 29 13 30 54 32
Tax % 21% 32% 25% 24% 23% 23%
11 20 10 23 41 25
EPS in Rs 13.96 4.30 2.18 3.93 7.10 4.24
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
368 421 706 1,126
325 379 611 956
Operating Profit 43 42 95 170
OPM % 12% 10% 13% 15%
1 4 4 11
Interest 25 25 27 36
Depreciation 8 10 13 19
Profit before tax 11 11 59 126
Tax % 17% 10% 29% 24%
9 10 42 95
EPS in Rs 13.94 14.31 9.03 16.37
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 45%
TTM: 59%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 112%
TTM: 128%
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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
7 8 47 58
Reserves 96 131 156 901
153 139 189 155
122 142 231 305
Total Liabilities 378 419 622 1,419
66 72 113 132
CWIP 12 13 8 29
Investments 2 2 2 3
299 333 499 1,254
Total Assets 378 419 622 1,419

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
45 26 21 -42
-10 -24 -45 -494
-35 1 27 554
Net Cash Flow -0 2 4 19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 93 106 102 74
Inventory Days 228 209 167 191
Days Payable 139 122 121 103
Cash Conversion Cycle 182 193 148 162
Working Capital Days 166 156 127 147
ROCE % 13% 26% 22%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023
63.57% 63.57% 63.57%
8.53% 8.16% 7.96%
11.43% 12.96% 13.12%
16.48% 15.31% 15.35%
No. of Shareholders 62,50245,64360,583

* 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

Announcements

Annual reports

DRHP

Credit ratings

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