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Kaynes Technology India Ltd

KAYNES

Kaynes Technology India Ltd

KAYNES
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹27,390 cr, stock is ranked 269
High RiskStock is 4.10x as volatile as Nifty
4,119.103.71% (-158.90)
4,119.103.71% (-158.90)

Price Chart

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1W
1M
1Y
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Max
SIP
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹27,390 cr, stock is ranked 269
High RiskStock is 4.10x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

High

Strong financials and growth story over the years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹27,390 cr, stock is ranked 269
High RiskStock is 4.10x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
105.8711.01—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.016.200.63%

Forecast & Ratings

Detailed Forecast 
78%
Analysts have suggested that investors can buy this stock

from 18 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Kaynes Technology India is engaged in end-to-end, and Internet of things (IoT) solutions that enable integrated electronics manufacturing.

Investor Presentation

View older 

Jan 27, 2025

PDF
View Older Presentations
PE Ratio
79.63
1Y Return
19.86%
Buy Reco %
75.00
PE Ratio
49.49
1Y Return
29.96%
Buy Reco %
81.48
PE Ratio
34.58
1Y Return
12.93%
Buy Reco %
100.00
PE Ratio
66.47
1Y Return
27.00%
Buy Reco %
76.47
PE Ratio
144.24
1Y Return
31.50%
Buy Reco %
100.00
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.34%, vs industry avg of 9.16%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 2.11% to 2.09%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 14%, vs industry avg of -3%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue1,137.51370.17424.67710.361,137.511,860.542,490.49
Raw Materialssubtract957.80260.34282.30497.83856.961,372.712,036.29
Power & Fuel Costsubtract2.813.003.765.238.80
Employee Costsubtract47.5045.9060.2477.10102.76
Selling & Administrative Expensessubtract16.128.6622.4832.2242.95
Operating & Other expensessubtract-0.8638.6926.76-15.2620.74
Depreciation/Amortizationsubtract18.748.3810.0813.1618.7425.1435.18
Interest & Other Itemssubtract34.9424.6025.1627.0936.4855.8787.18
Taxes & Other Itemssubtract30.841.811.1417.3630.8448.2873.13
EPS19.842.322.399.5918.2530.0340.48
DPS—0.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2023

Annual report

PDF

Investor Presentation

May 16PDF
Mar 17PDF
Jan 31PDF
Dec 22PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 31PDF
FY 2025

Annual Report Pending

Investor Presentation

Jan 27PDF
Oct 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Kaynes Technology India Ltd149.4411.01—
Havells India Ltd79.6313.590.56%
Polycab India Ltd49.4910.710.51%
Apar Industries Ltd34.587.360.72%

Price Comparison

Compare KAYNES with any stock or ETF
Compare KAYNES with any stock or ETF
KAYNES
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding57.75%12.00%3.04%14.84%12.38%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '249.90%12.71%14.20%14.27%14.91%14.84%

Mutual Funds Holding Trend

Decreased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has decreased by 1.07%

Top 5 Mutual Funds holding Kaynes Technology India Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
2.8015%3.10%0.77%37/137 (+1)
0.9385%2.23%-0.84%55/105 (-1)
0.7738%1.65%0.49%43/70 (+1)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

KAYNES has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Live Market Update
Sensex, Nifty trade lower; FMCG shares climb

The equity benchmark indices continued to trade with minor losses after the Budget for 2025-26 was laid down in the Parliament by the finance minister. The Nifty slipped below the 23,400 level. FMCG, realty and auto shares rallied while oil & gas, banking and metal shares declined. At 13:25 IST, the barometer index, the S&P BSE Sensex, slipped 199.94oints or 0.23% to 77,300. The Nifty 50 index lost 116.80 points or 0.50% to 23,391.60. In the broader market, the S&P BSE Mid-Cap index declined 1.10% and the S&P BSE Small-Cap index shed 0.62%. The market breadth was negative. On the BSE, 1,785 shares rose and 1,992 shares fell. A total of 165 shares were unchanged. Gainers & Losers: Trent (up 5.70%), ITC (up 5.09%), Hindustan Unilever (up 4.81%), Maruti Suzuki India (up 4.57%) and Britannia Industries (up 4.35%) were the major Nifty 50 gainers. SBI Life Insurance (down 7.26%), Bharat Electronics Limited (BEL) (down 7.23%), HDFC Life Insurance Company (down 6.06%), Bharat Petroleum Corporation (BPCL) (down 4.54%) and Shriram Finance (down 4.47%) were the major Nifty 50 losers. Union Budget 2025: Tax Relief, Infrastructure Push, and Focus on Key Sectors Finance Minister Nirmala Sitharaman delivered the Union Budget 2025, outlining a comprehensive vision for India's economic growth and inclusive development. The budget emphasizes key sectors like education, technology, manufacturing, healthcare, access to credit, and agriculture, while prioritizing fiscal responsibility. A major highlight is significant tax relief for the middle class. In a move that will likely resonate with taxpayers, Sitharaman announced that individuals with an income of up to Rs 12 lakh will now be exempt from income tax under the new tax regime. This measure aims to provide substantial financial relief to the middle class. The new tax slabs under this regime are as follows: Rs 4 to 8 lakh at 5%, Rs 8 to 12 lakh at 10%, Rs 12 to 16 lakh at 15%, Rs 16 to 20 lakh at 20%, Rs 20 to 24 lakh at 25%, and Rs 24 lakh and above at 30%. The Finance Minister reiterated the government's commitment to fiscal consolidation, aiming to maintain a downward trajectory for the fiscal deficit and reduce central government debt as a percentage of GDP. The budget projects total receipts for 2024-25 at Rs 31.47 lakh crore and total expenditure at Rs 47.16 lakh crore. The fiscal deficit target for FY25 is set at 4.8%, with a further reduction to 4.4% planned for FY26. A new Income Tax bill, focused on trust-based and streamlined compliance, will be introduced next week. To attract foreign investment, the FDI limit in the insurance sector has been increased from 74% to 100%. Several measures aim to streamline tax processes, including faceless assessments, faster tax returns, and five Vivad Se Vishwas schemes for expedited dispute resolution. Mergers and acquisitions will be facilitated through quicker approvals and expanded regulations, improving the ease of doing business. Technology will be a major focus, with the establishment of three Centers of Excellence for Artificial Intelligence (AI) with a Rs 500 crore outlay, focusing on AI in education. A National Manufacturing Mission will support clean technology production, including domestic manufacturing of electric vehicle (EV) batteries and solar panels. Five new national skilling centers will be established, and existing IITs will expand infrastructure to accommodate 6,500 more students. Atal Tinkering Labs will be introduced in government schools to foster innovation. Infrastructure development receives a boost through the PM Gatishakti initiative, which will provide the private sector with access to crucial data and maps for improved logistics and infrastructure planning. Tourism, a significant employment generator, will be promoted through collaboration with states to develop 22 top tourism destinations. Energy security is prioritized, with a plan to develop 100 gigawatts of nuclear energy by 2047. Basic Customs Duty (BCD) exemption on cobalt powder, lithium-ion battery waste, scrap, and 12 other critical minerals will ensure the availability of these materials for manufacturing. Healthcare will be strengthened by establishing daycare cancer centers in all district hospitals within three years. Medical tourism will be promoted through public-private partnerships and easier visa norms. Access to credit for micro, small enterprises, startups, and exporters will be significantly expanded. The credit guarantee cover for micro and small enterprises will double to Rs 10 crore, unlocking substantial additional credit. Startups will see their cover rise to Rs 20 crore. Exporter MSMEs will be eligible for term loans up to Rs 20 crore, and micro-enterprises on the Udyam portal will receive customized credit cards with a Rs 5 lakh limit. Entrepreneurship will be supported by a New Fund of Funds for Startups, with an additional Rs 10,000 crore, doubling the existing allocation. A Food Processing Institute will be established in Bihar, and a new Manufacturing Mission will support Make in India. A special scheme will offer term loans to 5 lakh women-led businesses. Agriculture receives substantial support through the PM Dhan Dhanya Krishi Yojana, aimed at enhancing productivity in 100 districts. The Developing Agri Districts Programme will improve irrigation and credit access for 1.7 crore farmers. NAFED and NCCF will directly procure pulses from farmers to ensure self-reliance. A Makhana Board will be set up in Bihar, and a National Mission on High-Yielding Seeds will boost farm productivity. Sitharaman emphasized investment as the third engine of growth, highlighting transformative reforms across various sectors. The budget prioritizes GYAN (Garib, Youth, Annadata, and Nari), energy security, economic resilience, and export promotion. Agriculture, MSMEs, and exports are positioned as key drivers of India's economic expansion. The 2025-26 budget aims to build household confidence and empower the middle class. Sitharaman highlighted India's rapid economic growth and growing global confidence in its potential, emphasizing the next five years as crucial for achieving Sabka Vikas (inclusive development). Meanwhile, the Budget session of Parliament commenced on January 31 with President Droupadi Murmu's address and will be conducted in two parts. The first part will run until February 13, while the second will be held from March 10 to April 4. Economy: India's fiscal deficit for the first nine months of the current fiscal year stood at Rs 9.14 lakh crore, or 56.7% on the annual estimates, data released by the Controllerer General of Accounts (CGA) showed on Friday, according to media reports. The fiscal deficit widened from 55% in the comparable year- earlier period. Total receipts for the period stood at Rs 23.18 lakh crore, while overall government expenditure in April to December was at Rs 32.32 lakh crore. The combined index of Eight Core Industries (ICI) increased by 4 percent (provisional) in December 2024 as compared to the index in December 2023. The production of coal, electricity, steel, cement, refinery products, fertilizers, and crude oil recorded positive growth in December 2024. The final growth rate of Index of Eight Core Industries for September 2024 increased by 2.4 percent. The cumulative growth rate of ICI during April to December 2024'25 is 4.2 percent (provisional) as compared to the corresponding period of last year. Stocks in Spotlight: Kaynes Technology India shed 0.79%. the company announced that its deputy chief financial officer, R. Balasubramanian, has resigned, with effect from 30 January 2025, due to personal reasons. Quess Corp climbed 4.17% following the announcement of a share purchase by Fairbridge Capital (Mauritius), a promoter of the company. RailTel Corporation of India slipped 9.01%% after the firm said that it has received the work order from Department of Education Samagra Shiksha for supply and service amounting to Rs 15.98 crore. Oil & Natural Gas Corporation (ONGC) fell 2.61% after the company's standalone net profit fell 16.7% to Rs 8,239.92 crore in Q3 FY25 compared with Rs 9,891.71 crore in Q4 FY24. Revenue from operations declined 3.08% YoY to Rs 33,716.80 crore in Q3 FY25. Hero Motocorp slipped 1.80% after the company announced that Niranjan Gupta has stepped down as the CEO of the company effective 30 April 2025, to pursue other opportunities. Global Markets: The Trump administration announced new tariffs on imports from Mexico, Canada, and China, starting Saturday. These tariffs are partly in response to illegal fentanyl distribution. Potential tariffs include 25% on Mexican and Canadian imports, 10% on Chinese goods, and future tariffs on chips, oil, gas (possibly by February 18th), steel, aluminum, and copper. Trump insists these tariffs are unavoidable and will generate substantial revenue, even hinting at possible European tariffs. He contrasted the US's historical reliance on tariffs with its current dependence on income tax. The news caused US stock market declines. At the close in NYSE, the Dow Jones Industrial Average fell 0.75%, while the S&P 500 index declined 0.5%, and the NASDAQ Composite index declined 0.28%. Apple shares closed lower as the broader market selloff erased earlier gains. The company expects sales growth in the low- to mid-single digits for its fiscal second quarter, easing concerns about flagship handset sales, which slightly missed estimates in the holiday season. CEO Tim Cook remains optimistic, citing Apple Intelligence (AI features) as a driver of future sales. Exxon Mobil stock fell 2.5%, despite exceeding fourth-quarter profit expectations. Higher oil and gas production helped offset lower crude prices and weaker refining margins.Powered by Capital Market - Live

1 week agoCapital Market - Live
Live Market Update
Market extends gains; garib, youth, farmers, MSMEs focus of Budget 2025-26

The key equity benchmarks extended gains in mid-morning trade as the Budget for 2025-26 is being currently presented in the Parliament by the Union Finance Minister. The Nifty climbed above the 23,600 mark. Private bank shares extended gains for the fifth straight day. At 11:28 IST, the barometer index, the S&P BSE Sensex, advanced 284.43 points or 0.37% to 77,785. The Nifty 50 index added 94.15 points or 0.40% to 23,602.55. In the broader market, the S&P BSE Mid-Cap index advanced 0.40% and the S&P BSE Small-Cap index added 0.78%. The market breadth was strong. On the BSE, 2,507 shares rose and 1,111 shares fell. A total of 161 shares were unchanged. Union Budget 2025: Finance Minister Nirmala Sitharaman began presenting the Union Budget in Parliament, outlining a plan focused on transformative reforms across six key areas: taxation, the financial sector, power, urban development, mining, and regulatory frameworks. The budget prioritized agriculture as the primary engine of growth, with the introduction of the Developing Agri Districts Programme, modeled after the aspirational districts initiative. This program will promote crop diversification, improve irrigation, and expand credit access for 1.7 crore farmers, while also addressing post-harvest storage issues. Sitharaman announced a special focus on tur, urad, and masur dal in a plan to achieve self-reliance in pulses, with NAFED and NCCF procuring these pulses from farmers as part of the DHAN DHANYA YOJANA. To further support the agricultural sector, a Makhana Board will be set up in Bihar, and a National Mission on High-Yielding Seeds will be launched. The budget emphasizes GYAN ' Garib (poor), Youth, Annadata (farmers), and Nari (women) ' and commits to energy security and export promotion. Sitharaman identified agriculture, MSMEs, and exports as key drivers of economic growth, highlighting India's status as the fastest-growing major economy. The 2025-26 budget builds on the government's commitment to accelerated and inclusive development, aiming to boost household confidence and empower the Indian middle class. Sitharaman emphasized India's rapid economic growth compared to other major economies, citing the country's development record and structural reforms of the past decade. She noted the increased global confidence in India's capabilities and potential, and expressed the government's view of the next five years as a unique opportunity to achieve Sabka Vikas, stimulating balanced growth across all regions. Buzzing Index: The Nifty Private Bank index advanced 0.85% to 24,593.80. The index jumped 4.06% in five consecutive trading sessions. Axis Bank (up 1.51%), IndusInd Bank (up 1.38%), Bandhan Bank (up 0.71%), City Union Bank (up 0.65%) and Kotak Mahindra Bank (up 0.45%), RBL Bank (up 0.33%), ICICI Bank (up 0.26%), HDFC Bank (up 0.16%) advanced. On the other hand, IDFC First Bank (down 1.2%), Federal Bank (down 0.06%), edged lower. Stocks in Spotlight: Kaynes Technology India jumped 3.39%. The company announced that its deputy chief financial officer, R. Balasubramanian, has resigned, with effect from 30 January 2025, due to personal reasons. RailTel Corporation of India rallied 2.53% after the firm said that it has received the work order from Department of Education Samagra Shiksha for supply and service amounting to Rs 15.98 crore. Oil & Natural Gas Corporation (ONGC) fell 0.42% after the company's standalone net profit fell 16.7% to Rs 8,239.92 crore in Q3 FY25 compared with Rs 9,891.71 crore in Q4 FY24. Revenue from operations declined 3.08% YoY to Rs 33,716.80 crore in Q3 FY25. Global Markets: The Trump administration announced new tariffs on imports from Mexico, Canada, and China, starting Saturday. These tariffs are partly in response to illegal fentanyl distribution. Potential tariffs include 25% on Mexican and Canadian imports, 10% on Chinese goods, and future tariffs on chips, oil, gas (possibly by February 18th), steel, aluminum, and copper. Trump insists these tariffs are unavoidable and will generate substantial revenue, even hinting at possible European tariffs. He contrasted the US's historical reliance on tariffs with its current dependence on income tax. The news caused US stock market declines. At the close in NYSE, the Dow Jones Industrial Average fell 0.75%, while the S&P 500 index declined 0.5%, and the NASDAQ Composite index declined 0.28%. Apple shares closed lower as the broader market selloff erased earlier gains. The company expects sales growth in the low- to mid-single digits for its fiscal second quarter, easing concerns about flagship handset sales, which slightly missed estimates in the holiday season. CEO Tim Cook remains optimistic, citing Apple Intelligence (AI features) as a driver of future sales. Exxon Mobil stock fell 2.5%, despite exceeding fourth-quarter profit expectations. Higher oil and gas production helped offset lower crude prices and weaker refining margins. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Kaynes Technology deputy CFO R. Balasubramanian resigns

Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) services. It has experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace, Outer-space, Strategic electronics, Medical, Railways, Internet of Things ('IoT'), Information Technology ('IT') and other segments. The company also has Service centres in Cochin and Mumbai, catering to Railway, Aerospace, Defence and Industrial Clients. The company reported 86.35% increase in consolidated net profit to Rs 60.21 crore in Q2 FY25 as against Rs 32.31 crore posted in Q2 FY24. Revenue from operations jumped 58.55% YoY to Rs 572.12 crore in the quarter ended 30 September 2024. Shares of Kaynes Technology jumped 3.39% to Rs 4,955.80 on the BSE. Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Kaynes Tech shares plunge after revenue guidance cut

The company reported a strong 47% jump in net profit to Rs 66.5 crore in the December quarter (Q3FY25) from Rs 45.2 crore in the same period last year. A substantial portion of this profit growth can be attributed to a 161% YoY surge in the company's other income to Rs 24.64 crore in Q3FY25. Revenue grew by nearly 30% to Rs 661.2 crore in Q3FY25, up from Rs 509.30 crore in the corresponding quarter of the previous year. EBITDA rose 35% YoY to Rs 94 crore in Q3FY25. EBITDA margin improved to 14.2% in Q3FY25 compared to 13.7% in the same period last year. ' The company's order book surged from Rs 3798 crore in Q3FY24 to Rs 6047.10 crore in Q3FY25. However, the management lowered its revenue guidance for FY25 to Rs 2,800 crore from the earlier target of Rs 3,000 crore. This downward revision was attributed to delays in executing certain orders in the industrial segment worth Rs 100 crore, which are now expected to be completed in the March quarter. The company's net debt stood at Rs 599.6 crore as of December 2024, higher than 244.9 crore as of December 2023. Ramesh Kunhikannan, managing director & promoter, Kaynes Technology India said: We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) services. It has experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace, Outer-space, Strategic electronics, Medical, Railways, Internet of Things ('IoT'), Information Technology ('IT') and other segments. The company also has Service centres in Cochin and Mumbai, catering to Railway, Aerospace, Defence and Industrial Clients. Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Kaynes Technology India consolidated net profit rises 47.07% in the December 2024 quarter

Net profit of Kaynes Technology India rose 47.07% to Rs 66.46 crore in the quarter ended December 2024 as against Rs 45.19 crore during the previous quarter ended December 2023. Sales rose 29.82% to Rs 661.18 crore in the quarter ended December 2024 as against Rs 509.29 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales661.18509.29 30 OPM %14.2213.72 - PBDT91.6964.45 42 PBT80.8558.49 38 NP66.4645.19 47 Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Kaynes Tech. India EGM scheduled

Kaynes Tech. India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 14 February 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of Kaynes Technology India approves fund raising up to Rs 1600 cr

The Board of Kaynes Technology India at its meeting held on 22 January 2025 has approved raising of funds for an amount not exceeding Rs 1600 crore. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Kaynes Tech. India to declare Quarterly Result

Kaynes Tech. India will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Kaynes Tech. India announces board meeting date

Kaynes Tech. India will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Kaynes Tech Q2 PAT soars 86% YoY to Rs 60 cr in FY25

Revenue from operations jumped 58.55% YoY to Rs 572.12 crore in the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 84.94 crore, steepy higher than Rs 39.41 crore posted in same quarter last year. EBITDA (excluding other income) increased 68% to Rs 82.1 crore during the quarter from Rs 48.8 crore posted in corresponding quarter last year. EBITDA margin expanded 83 bps to 14.4% in Q2 FY25 from 13.5% in Q2 FY24. The order book increased from Rs 5,038.6 million in Q1 FY25 to Rs 5,422.8 million in Q2 FY25. The company's net working capital days improved to 108 days as of 30 September 2024 as compared to 119 days on the same date in 2023. On half year basis the company's consolidated net profit zoomed 94.9% to Rs 110.99 crore in H1 FY25 as against Rs 56.96 crore posted in H1 FY24. However the company's revenue from operation increased 63.5% YoY to Rs 1,076.09 crore in H1 FY25. Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India, said, 'Kaynes achieved an impressive 59% revenue YoY growth in Q2FY25 with healthy profit margins. In line with our guidance, our margins both at the EBITDA and PAT levels have improved during the current quarter. Our orderbook stood at Rs 54,228 million as of September 30, 2024, providing strong revenue visibility for FY25 and beyond. This gives us confidence to sustain our growth and achieve the revenue guidance for the current year. The net working capital cycle has improved to 108 days during the current quarter, compared to Q2FY24. We continue to invest in high potential & high margin segments and expect these to help us sustain the growth momentum and make Kaynes, a differentiated player in this segment. We are consistently adding new capabilities, new geographies and looking to expand our customer base, with specific focus on large customers and high growth segments.' Kaynes Technology India (KTI) is an end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and manufacturing (ESDM) services. Powered by Capital Market - Live

3 months agoCapital Market - Live