Kaynes Technology India Ltd
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]
- Market Cap ₹ 39,622 Cr.
- Current Price ₹ 6,190
- High / Low ₹ 6,485 / 2,276
- Stock P/E 167
- Book Value ₹ 406
- Dividend Yield 0.00 %
- ROCE 14.5 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 15.3 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 12.9% over last 3 years.
* 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 BSE 250 SmallCap Index BSE 500 Nifty Smallcap 250 Nifty Smallcap 100 Nifty 500 Multicap 50:25:25
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|
368 | 421 | 706 | 1,126 | 1,805 | 2,223 | |
325 | 379 | 611 | 956 | 1,548 | 1,909 | |
Operating Profit | 43 | 42 | 95 | 170 | 257 | 314 |
OPM % | 12% | 10% | 13% | 15% | 14% | 14% |
1 | 4 | 4 | 11 | 56 | 101 | |
Interest | 25 | 25 | 27 | 36 | 56 | 75 |
Depreciation | 8 | 10 | 13 | 19 | 25 | 30 |
Profit before tax | 11 | 11 | 59 | 126 | 232 | 309 |
Tax % | 17% | 10% | 29% | 24% | 21% | |
9 | 10 | 42 | 95 | 183 | 237 | |
EPS in Rs | 13.94 | 14.31 | 9.03 | 16.37 | 28.68 | 37.13 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 62% |
TTM: | 69% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 165% |
TTM: | 96% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 157% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 13% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 7 | 7 | 46 | 58 | 64 | 64 |
Reserves | 96 | 131 | 156 | 901 | 2,423 | 2,535 |
153 | 141 | 189 | 155 | 323 | 698 | |
122 | 141 | 231 | 304 | 456 | 499 | |
Total Liabilities | 378 | 419 | 622 | 1,418 | 3,265 | 3,796 |
66 | 72 | 113 | 132 | 319 | 435 | |
CWIP | 12 | 13 | 8 | 29 | 105 | 158 |
Investments | 2 | 2 | 2 | 3 | 132 | 138 |
299 | 333 | 499 | 1,254 | 2,709 | 3,065 | |
Total Assets | 378 | 419 | 622 | 1,418 | 3,265 | 3,796 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
45 | 26 | 21 | -42 | 70 | |
-10 | -24 | -45 | -494 | -1,505 | |
-35 | 1 | 27 | 554 | 1,429 | |
Net Cash Flow | -0 | 2 | 4 | 19 | -7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|
Debtor Days | 93 | 106 | 102 | 74 | 72 |
Inventory Days | 228 | 209 | 167 | 191 | 150 |
Days Payable | 139 | 122 | 121 | 103 | 99 |
Cash Conversion Cycle | 182 | 193 | 148 | 162 | 123 |
Working Capital Days | 166 | 156 | 127 | 147 | 126 |
ROCE % | 13% | 26% | 22% | 15% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
16h - Kaynes acquires 54% stake in Sensonic GmbH.
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Announcement under Regulation 30 (LODR)-Credit Rating
22 Nov - ICRA upgrades Kaynes Technology's credit rating to A-.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Nov - Schedule of analyst/institutional investor meetings.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - Schedule of analyst/institutional investor meetings.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 Nov
Concalls
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Nov 2024Transcript PPT REC
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Oct 2024TranscriptPPTREC
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024TranscriptPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Oct 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Mar 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
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]