Kaynes Technology India Ltd

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

Kaynes Technology India Ltd

₹ 3,950 1.23%
22 Jul 4:01 p.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 ₹ 25,265 Cr.
  • Current Price ₹ 3,950
  • High / Low ₹ 4,574 / 1,685
  • Stock P/E 200
  • Book Value ₹ 380
  • Dividend Yield 0.00 %
  • ROCE 11.3 %
  • ROE 7.45 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 68.5% CAGR over last 5 years
  • Debtor days have improved from 71.0 to 36.1 days.

Cons

  • Stock is trading at 10.3 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 10.7% over last 3 years.
  • Earnings include an other income of Rs.64.2 Cr.
  • 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

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
166 228 192 263 276 356 291 292 317 375
147 191 165 222 238 301 251 253 275 323
Operating Profit 19 37 27 41 38 55 39 39 42 52
OPM % 12% 16% 14% 15% 14% 15% 14% 13% 13% 14%
1 -0 0 0 4 6 8 10 12 33
Interest 6 7 7 10 9 8 11 12 16 15
Depreciation 3 3 4 4 4 5 5 6 5 6
Profit before tax 11 27 15 26 28 49 32 31 33 65
Tax % 30% 32% 22% 28% 25% 20% 21% 18% 22% 23%
8 18 12 19 21 39 25 25 26 50
EPS in Rs 10.11 3.96 2.61 4.11 3.56 6.64 4.33 4.37 4.03 7.78
Raw PDF
Upcoming result date: 26 July 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
353 360 393 671 1,086 1,274
317 319 355 580 920 1,103
Operating Profit 36 41 38 92 166 171
OPM % 10% 11% 10% 14% 15% 13%
2 2 4 5 12 64
Interest 20 24 24 26 36 54
Depreciation 5 6 10 12 18 21
Profit before tax 13 13 9 58 125 161
Tax % 29% 15% 1% 29% 24% 21%
9 11 9 41 95 126
EPS in Rs 13.60 16.68 12.60 8.88 16.30 19.73
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 48%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 69%
3 Years: 145%
TTM: 33%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 118%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 11%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 7 7 7 46 58 64
Reserves 87 98 131 156 900 2,365
156 142 138 183 145 267
110 113 130 224 297 272
Total Liabilities 360 360 406 609 1,400 2,968
49 54 67 107 119 224
CWIP 2 9 10 4 26 8
Investments 4 3 3 3 4 174
305 293 326 495 1,251 2,561
Total Assets 360 360 406 609 1,400 2,968

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-5 33 13 15 -52 -103
-10 -19 -19 -37 -480 -1,302
39 -36 8 26 550 1,395
Net Cash Flow 24 -22 2 3 18 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 125 94 113 103 74 36
Inventory Days 188 219 208 167 191 189
Days Payable 138 138 120 120 102 76
Cash Conversion Cycle 174 175 201 150 162 150
Working Capital Days 165 147 172 137 154 216
ROCE % 15% 12% 25% 22% 11%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
63.57% 63.57% 63.57% 63.57% 57.83% 57.83% 57.83%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19% 14.27%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36% 17.88%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61% 10.03%
No. of Shareholders 62,50245,64360,58367,58886,15897,4231,12,176

* 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

Concalls