Kaynes Technology

₹7484.3 -113.7 | 1.5%

WEBSITE BSE:543664 NSE : KAYNES 02 Jan, 16:01

Market Cap ₹47908 Cr.

Stock P/E 261.4

P/B 18.4

Current Price ₹7484.3

Book Value ₹ 406.1

Face Value 10

52W High ₹7825

Dividend Yield 0%

52W Low ₹ 2425

Edit Ratio

Kaynes Technology Research see more...

Kaynes Technology Forays into Semiconductors!

Kaynes Technology India Limited looks strong for further growth with increasing order-book and onboarding of new potential customers.

Overview Inc. Year: 2008Industry: Electronics - Components

Kaynes Technology India Ltd is an Indian company that provides engineering design, manufacturing, and testing services for electronic products. The company's offerings include printed circuit board assembly, box build assembly, electromechanical assembly, and cable harness assembly, among others. Kaynes Technology India Ltd caters to various industries such as automotive, healthcare, industrial automation, aerospace, and defense. The company has a presence in India, the United States, Europe, and Japan, and has been in operation for over 30 years. Kaynes Technology India Ltd has a strong focus on quality and innovation, and has won several awards and recognitions for its excellence in the field of electronics manufacturing services.

Kaynes Technology Share Price

New

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

Show Value Show %

Peer Comparison

Kaynes Technology Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Net Sales	199	273	289	365	297	361	509	637	504	572
Other Income	1	1	3	7	8	9	9	29	28	34
Total Income	200	274	292	372	305	370	519	667	532	606
Total Expenditure	175	230	248	305	257	312	439	542	437	490
Operating Profit	25	44	44	67	48	58	79	125	95	116
Interest	7	10	9	8	11	12	15	15	23	22
Depreciation	5	5	5	5	5	7	6	7	8	9
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	13	29	30	54	32	39	58	102	64	85
Provision for Tax	3	8	7	12	7	7	13	21	13	25
Profit After Tax	10	21	23	41	25	32	45	81	51	60
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	10	21	23	41	25	32	45	81	51	60
Adjusted Earnings Per Share	2.2	4.5	3.9	7.1	4.2	5.6	7.1	12.7	7.9	9.4

Kaynes Technology Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	281	287	379	364	368	421	706	1126	1805	2222
Other Income	1	6	5	2	2	4	4	11	56	100
Total Income	282	294	385	367	370	425	710	1138	1861	2324
Total Expenditure	256	267	342	327	326	379	611	956	1548	1908
Operating Profit	26	27	43	39	44	46	99	181	313	415
Interest	13	13	15	20	25	25	27	36	56	75
Depreciation	4	5	5	5	8	10	13	19	25	30
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	8	10	23	14	11	11	59	126	232	309
Provision for Tax	2	2	8	4	2	1	17	31	48	72
Profit After Tax	6	8	16	10	9	10	42	95	183	237
Adjustments	-0	-0	-0	-0	0	-0	-0	0	0	0
Profit After Adjustments	6	7	16	10	9	9	41	95	184	237
Adjusted Earnings Per Share	12.4	9.1	19.2	11.9	11.6	11.5	9	16.4	28.7	37.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	60%	62%	38%	0%
Operating Profit CAGR	73%	89%	52%	0%
PAT CAGR	93%	164%	79%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	181%	NA%	NA%	NA%
ROE Average	11%	17%	14%	14%
ROCE Average	15%	21%	18%	17%

Kaynes Technology Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	60	68	83	93	103	139	203	959	2487
Minority's Interest	0	0	1	1	1	1	1	1	2
Borrowings	12	12	19	30	10	17	29	15	11
Other Non-Current Liabilities	7	8	9	10	20	15	27	28	29
Total Current Liabilities	176	173	196	230	246	248	362	442	804
Total Liabilities	256	262	307	363	379	419	622	1445	3333
Fixed Assets	46	49	46	53	66	80	113	132	319
Other Non-Current Assets	11	11	10	10	22	20	23	56	359
Total Current Assets	199	202	251	300	291	319	486	1257	2654
Total Assets	256	262	307	363	379	419	622	1445	3333

Kaynes Technology Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	8	10	8	1	1	1	3	7	26
Cash Flow from Operating Activities	17	28	9	-8	45	28	21	-42	70
Cash Flow from Investing Activities	-11	-9	-1	-41	-10	-24	-45	-494	-1505
Cash Flow from Financing Activities	-5	-22	-8	49	-35	-1	27	554	1429
Net Cash Inflow / Outflow	2	-2	0	0	-0	2	4	19	-7
Closing Cash & Cash Equivalent	10	8	8	1	1	3	7	26	19

Kaynes Technology Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	12.37	9.09	19.16	11.89	11.61	11.48	8.98	16.39	28.72
CEPS(Rs)	20.93	14.81	25.07	18.21	21.73	24.27	11.88	19.6	32.61
DPS(Rs)	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	118.95	83.09	102.25	113.66	125.86	168.6	43.81	164.84	388.88
Core EBITDA Margin(%)	8.05	6.69	9.75	10.1	11.52	10	13.48	15.08	14.22
EBIT Margin(%)	7.03	7.18	9.97	9.34	9.77	8.57	12.19	14.43	15.93
Pre Tax Margin(%)	2.7	3.08	6.09	3.72	3.06	2.58	8.36	11.19	12.83
PAT Margin (%)	2.02	2.42	4.11	2.67	2.54	2.31	5.9	8.45	10.16
Cash Profit Margin (%)	3.41	3.89	5.32	4.08	4.82	4.71	7.76	10.12	11.55
ROA(%)	2.4	2.91	5.55	2.9	2.52	2.44	8	9.21	7.67
ROE(%)	10.43	11.89	20.9	11.04	9.57	8.1	24.53	16.4	10.64
ROCE(%)	12.84	13.49	22.21	15.82	14.53	13.74	26.49	22.16	14.79
Receivable days	107.87	106.79	108.01	129.69	107.35	93.46	82.55	68.84	58.92
Inventory Days	96.6	94.51	78.97	104.2	135.25	136.66	100.84	103.65	97.23
Payable days	131.32	135.08	124.45	143.09	137.44	119.6	96.76	90.52	80.12
PER(x)	0	0	0	0	0	0	0	58.76	99.9
Price/Book(x)	0	0	0	0	0	0	0	5.84	7.38
Dividend Yield(%)	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.36	0.32	0.25	0.36	0.38	0.32	0.28	4.66	9.49
EV/Core EBITDA(x)	3.94	3.46	2.24	3.32	3.12	2.89	1.96	28.97	54.77
Net Sales Growth(%)	0	2.46	31.99	-4.01	1.1	14.23	67.9	59.45	60.25
EBIT Growth(%)	0	4.26	72.07	-11.35	5.73	0.21	138.99	88.71	76.86
PAT Growth(%)	0	22.67	109.84	-38.56	-3.82	4.03	328.23	128.42	92.54
EPS Growth(%)	0	-26.51	110.77	-37.97	-2.32	-1.16	-21.76	82.57	75.19
Debt/Equity(x)	1.8	1.42	1.18	1.68	1.4	1.01	0.84	0.14	0.12
Current Ratio(x)	1.13	1.17	1.28	1.3	1.18	1.29	1.34	2.85	3.3
Quick Ratio(x)	0.67	0.7	0.84	0.78	0.57	0.63	0.72	1.91	2.62
Interest Cover(x)	1.62	1.75	2.57	1.66	1.46	1.43	3.18	4.46	5.14
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0.02	0.02

Kaynes Technology Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	63.57	63.57	63.57	63.57	57.83	57.83	57.83	57.75
FII	8.53	8.16	7.96	9.9	12.71	14.2	14.27	14.91
DII	11.42	12.96	13.12	15.59	19.05	18.36	17.87	16.08
Public	16.48	15.31	15.34	10.94	10.41	9.61	10.04	11.27
Others	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoter	3.7	3.7	3.7	3.7	3.7	3.7	3.7	3.7
FII	0.5	0.47	0.46	0.58	0.81	0.91	0.91	0.95
DII	0.66	0.75	0.76	0.91	1.22	1.17	1.14	1.03
Public	0.96	0.89	0.89	0.64	0.67	0.61	0.64	0.72
Others	0	0	0	0	0	0	0	0
Total	5.81	5.81	5.81	5.81	6.39	6.39	6.39	6.4

Pros

Company has delivered good profit growth of 78% CAGR over last 5 years
Debtor days have improved from 90.52 to 80.12days.
Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Stock is trading at 18.4 times its book value.

* 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.