Kaynes Technology India Ltd

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

Kaynes Technology India Ltd

₹ 2,500 1.37%
18 Apr 10:40 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

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]

Website BSE NSE
  • Market Cap ₹ 15,982 Cr.
  • Current Price ₹ 2,500
  • High / Low ₹ 3,249 / 935
  • Stock P/E 111
  • Book Value ₹ 159
  • 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 15.5 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

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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 Sep 2023 Dec 2023
183 238 199 289 365 297 361 509
161 198 175 248 305 257 312 439
Operating Profit 22 40 25 41 59 40 49 70
OPM % 12% 17% 12% 14% 16% 14% 14% 14%
2 -0 1 3 7 8 9 9
Interest 7 7 7 9 8 11 12 15
Depreciation 4 4 5 5 5 5 7 6
Profit before tax 14 29 13 30 54 32 39 58
Tax % 21% 32% 25% 24% 23% 23% 18% 23%
11 20 10 23 41 25 32 45
EPS in Rs 13.96 4.30 2.18 3.93 7.10 4.24 5.56 7.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
368 421 706 1,126 1,532
325 379 611 956 1,314
Operating Profit 43 42 95 170 218
OPM % 12% 10% 13% 15% 14%
1 4 4 11 34
Interest 25 25 27 36 46
Depreciation 8 10 13 19 23
Profit before tax 11 11 59 126 184
Tax % 17% 10% 29% 24%
9 10 42 95 143
EPS in Rs 13.94 14.31 9.03 16.37 23.97
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: 162%
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 Sep 2023
Equity Capital 7 7 46 58 58
Reserves 96 131 156 901 958
Preference Capital 0 1 0 0
153 139 189 155 278
122 142 231 305 341
Total Liabilities 378 419 622 1,419 1,635
66 72 113 132 188
CWIP 12 13 8 29 38
Investments 2 2 2 3 4
299 333 499 1,254 1,405
Total Assets 378 419 622 1,419 1,635

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

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.57% 63.57% 63.57% 63.57% 57.83% 57.83%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61%
No. of Shareholders 62,50245,64360,58367,58886,15897,423

* 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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Annual reports

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