Kaynes Technology India Ltd

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

Kaynes Technology India Ltd

₹ 4,368 3.72%
21 Feb - 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

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 ₹ 27,958 Cr.
  • Current Price ₹ 4,368
  • High / Low ₹ 7,825 / 2,424
  • Stock P/E 141
  • Book Value ₹ 397
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 7.34 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 68.0% CAGR over last 5 years
  • Debtor days have improved from 71.0 to 36.1 days.

Cons

  • Stock is trading at 11.0 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 10.6% over last 3 years.
  • Earnings include an other income of Rs.143 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 Nifty Total Market Nifty Alpha 50 BSE Capital Goods Nifty MidSmallcap 400 Nifty 500

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
166 228 192 263 276 356 291 292 317 375 350 433 396
147 191 165 222 238 301 251 253 275 323 302 360 347
Operating Profit 19 37 27 41 38 55 39 39 42 52 48 73 49
OPM % 12% 16% 14% 15% 14% 15% 14% 13% 13% 14% 14% 17% 12%
1 -0 0 0 4 6 8 10 12 33 36 39 35
Interest 6 7 7 10 9 8 11 12 16 15 19 20 24
Depreciation 3 3 4 4 4 5 5 6 5 6 6 6 7
Profit before tax 11 27 15 26 28 49 32 31 33 65 59 86 53
Tax % 30% 32% 22% 28% 25% 20% 21% 18% 22% 23% 18% 27% 28%
8 18 12 19 21 39 25 25 26 50 49 63 38
EPS in Rs 10.11 3.96 2.61 4.11 3.56 6.64 4.33 4.37 4.03 7.78 7.59 9.77 5.94
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 TTM
369 353 360 393 671 1,086 1,274 1,554
332 317 319 355 580 920 1,100 1,332
Operating Profit 37 36 41 38 92 166 173 222
OPM % 10% 10% 11% 10% 14% 15% 14% 14%
5 2 2 4 5 12 64 143
Interest 15 20 24 24 26 36 56 78
Depreciation 5 5 6 10 12 18 21 25
Profit before tax 22 13 13 9 58 125 161 262
Tax % 34% 29% 15% 1% 29% 24% 21%
15 9 11 9 41 95 126 199
EPS in Rs 21.57 13.60 16.68 12.60 8.88 16.30 19.73 31.08
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 48%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 68%
3 Years: 144%
TTM: 73%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 53%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 11%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 7 7 7 7 46 58 64 64
Reserves 78 87 98 131 156 900 2,365 2,477
98 156 142 138 183 145 279 445
122 110 113 130 224 297 260 335
Total Liabilities 304 360 360 406 609 1,400 2,968 3,321
45 49 54 67 107 119 199 243
CWIP 1 2 9 10 4 26 34 18
Investments 3 4 3 3 3 4 174 192
255 305 293 326 495 1,251 2,561 2,869
Total Assets 304 360 360 406 609 1,400 2,968 3,321

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
63.57% 63.57% 63.57% 63.57% 57.83% 57.83% 57.83% 57.75% 57.75%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19% 14.27% 14.92% 14.84%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36% 17.88% 16.07% 15.04%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61% 10.03% 11.25% 12.37%
No. of Shareholders 62,50245,64360,58367,58886,15897,4231,12,1761,56,8291,92,214

* 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

Announcements

Annual reports

DRHP

Credit ratings

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