Kaynes Technology India Ltd

Kaynes Technology India Ltd

₹ 6,190 -0.68%
04 Dec 1:48 p.m.
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]

  • 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.

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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 Mar 2024 Jun 2024 Sep 2024
183 238 199 289 365 297 361 509 637 504 572
161 198 175 248 305 257 312 439 542 437 490
Operating Profit 22 40 25 41 59 40 49 70 95 67 82
OPM % 12% 17% 12% 14% 16% 14% 14% 14% 15% 13% 14%
2 -0 1 3 7 8 9 9 29 28 34
Interest 7 7 7 9 8 11 12 15 15 23 22
Depreciation 4 4 5 5 5 5 7 6 7 8 9
Profit before tax 14 29 13 30 54 32 39 58 102 64 85
Tax % 21% 32% 25% 24% 23% 23% 18% 23% 20% 21% 29%
11 20 10 23 41 25 32 45 81 51 60
EPS in Rs 13.96 4.30 2.18 3.93 7.10 4.24 5.56 7.07 12.71 7.94 9.41
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.57% 63.57% 63.57% 63.57% 57.83% 57.83% 57.83% 57.75%
8.53% 8.16% 7.96% 9.90% 12.71% 14.19% 14.27% 14.92%
11.43% 12.96% 13.12% 15.58% 19.04% 18.36% 17.88% 16.07%
16.48% 15.31% 15.35% 10.94% 10.41% 9.61% 10.03% 11.25%
No. of Shareholders 62,50245,64360,58367,58886,15897,4231,12,1761,56,829

* 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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