Kaynes Technology India Ltd

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Kaynes Technology India Ltd

₹ 4,747 -1.17%
28 Mar - 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 ₹ 30,388 Cr.
  • Current Price ₹ 4,747
  • High / Low ₹ 7,825 / 2,424
  • Stock P/E 153
  • Book Value ₹ 397
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE 7.34 %
  • Face Value ₹ 10.0
    Edit ratios

    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 12.0 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 Alpha 50 BSE 400 MidSmallCap Index BSE 500 BSE Capital Goods Nifty Total Market

    Edit Columns
    S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Sales Qtr Rs.Cr. Qtr Sales Var % ROCE %
    1. Kaynes Tech 4747.35152.8430388.150.0038.0447.50395.9024.8211.22
    2. PG Electroplast 916.60122.3325948.360.0239.54106.15967.6981.9418.72
    3. Amber Enterp. 7210.85109.7824389.620.0037.057572.922133.3364.7710.18
    4. Genus Power 261.7039.737953.800.2368.21404.51604.20132.589.76
    5. Avalon Tech 757.55108.435011.730.0023.99265.14280.8531.076.22
    6. RIR Power Electr 2344.30206.781798.950.091.37-4.2019.8735.0819.49
    7. Hind Rectifiers 948.4093.231627.710.1310.0123.12168.9423.65
    Median: 14 Co. 481.3339.731452.650.02.157.56109.1427.959.97

      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: 65%
      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

      4 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.

      Click on the line-items to see the names of individual entities.

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