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 18.9

Current Price ₹7484.3

Book Value ₹ 397

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

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Peer Comparison

Kaynes Technology Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Kaynes Technology Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Net Sales	237	317	276	278	369	353	360	393	671	1087	1274
Other Income	2	4	1	5	5	2	2	4	5	12	64
Total Income	239	321	277	283	374	355	362	397	676	1098	1338
Total Expenditure	218	292	252	256	331	317	319	355	580	920	1101
Operating Profit	21	29	25	27	43	39	43	42	96	178	238
Interest	9	12	14	13	16	20	24	24	26	36	56
Depreciation	3	3	4	4	5	5	6	10	12	18	21
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	10	14	8	9	22	13	13	9	58	125	161
Provision for Tax	3	6	2	2	8	4	2	0	17	30	35
Profit After Tax	7	8	6	7	15	9	11	9	41	95	126
Adjustments	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	7	8	6	7	15	9	11	9	41	95	126
Adjusted Earnings Per Share	13.3	16.8	11.7	8.8	18	11.3	13.9	10.5	8.9	16.3	19.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	17%	48%	29%	18%
Operating Profit CAGR	34%	78%	44%	27%
PAT CAGR	33%	141%	70%	34%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	181%	NA%	NA%	NA%
ROE Average	7%	16%	13%	13%
ROCE Average	11%	20%	17%	17%

Kaynes Technology Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	47	55	62	70	84	94	105	139	203	958	2429
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	3	8	12	12	19	30	10	17	26	16	11
Other Non-Current Liabilities	4	8	7	8	9	10	11	15	28	26	26
Total Current Liabilities	155	177	174	173	192	226	234	234	353	426	558
Total Liabilities	209	248	256	263	304	360	360	406	609	1427	3024
Fixed Assets	27	39	45	48	45	49	54	67	107	119	199
Other Non-Current Assets	6	8	9	9	9	11	26	27	21	48	253
Total Current Assets	176	201	202	206	251	299	280	312	482	1259	2571
Total Assets	209	248	256	263	304	360	360	406	609	1427	3024

Kaynes Technology Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	5	7	8	10	8	8	32	0	2	6	23
Cash Flow from Operating Activities	-6	8	19	28	9	-5	33	13	15	-52	-103
Cash Flow from Investing Activities	-5	-12	-12	-9	-1	-10	-19	-19	-37	-480	-1302
Cash Flow from Financing Activities	13	5	-5	-21	-8	39	-36	8	26	550	1395
Net Cash Inflow / Outflow	2	1	2	-2	0	24	-22	2	3	18	-10
Closing Cash & Cash Equivalent	7	8	10	8	8	32	10	2	6	23	13

Kaynes Technology Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	13.27	16.76	11.69	8.77	17.97	11.34	13.9	10.5	8.88	16.3	19.73
CEPS(Rs)	18.94	23.11	19.97	14.18	23.54	17.52	21.66	22.35	11.56	19.34	23.08
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	95.22	111.5	123.19	85.34	103.31	114.65	128.55	169.39	43.85	164.73	379.78
Core EBITDA Margin(%)	7.69	7.46	8.04	7.19	10.25	10.24	11.44	9.61	13.64	15.3	13.61
EBIT Margin(%)	7.21	7.65	7.17	7.49	10.24	9.49	10.26	8.19	12.51	14.75	16.97
Pre Tax Margin(%)	3.78	4.04	2.63	3.06	5.97	3.7	3.71	2.2	8.57	11.46	12.61
PAT Margin (%)	2.59	2.43	1.94	2.39	3.91	2.62	3.15	2.18	6.1	8.72	9.9
Cash Profit Margin (%)	3.69	3.35	3.31	3.86	5.13	4.05	4.91	4.64	7.95	10.35	11.58
ROA(%)	3.45	3.63	2.3	2.76	5.17	2.79	3.15	2.24	8.08	9.31	5.67
ROE(%)	14.98	16.22	9.96	10.96	19.06	10.4	11.43	7.05	24.06	16.34	7.45
ROCE(%)	15.56	18.26	13.25	13.48	22.07	15.52	14.9	12.3	26.07	22.05	11.44
Receivable days	126.76	101.38	115.3	108.85	108.6	130.77	108.11	99.63	84.39	68.72	49.62
Inventory Days	73.98	70.69	92.21	97.14	80.17	105.93	133.55	137.6	100.32	103.83	125.24
Payable days	126.95	105.88	135.59	138.55	125.68	144.92	136.86	121.72	94.73	89.08	80.94
PER(x)	0	0	0	0	0	0	0	0	0	59.11	145.43
Price/Book(x)	0	0	0	0	0	0	0	0	0	5.85	7.55
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.35	0.31	0.37	0.34	0.26	0.37	0.38	0.34	0.29	4.83	13.41
EV/Core EBITDA(x)	3.91	3.3	3.96	3.47	2.25	3.39	3.17	3.15	1.99	29.49	71.92
Net Sales Growth(%)	13.81	33.68	-13.12	0.84	32.93	-4.48	2.12	9.01	70.93	61.84	17.25
EBIT Growth(%)	-8.41	42.76	-18.2	5.06	70.82	-12.73	10.33	-12.98	161.12	90.9	34.82
PAT Growth(%)	-24.02	26.29	-30.26	23.68	104.98	-36.92	22.62	-24.47	378.29	131.21	33.07
EPS Growth(%)	-24.02	26.28	-30.26	-24.97	104.98	-36.92	22.62	-24.47	-15.44	83.55	21.04
Debt/Equity(x)	1.79	1.81	1.73	1.38	1.16	1.66	1.35	0.98	0.81	0.13	0.11
Current Ratio(x)	1.13	1.13	1.16	1.19	1.3	1.32	1.2	1.33	1.36	2.95	4.61
Quick Ratio(x)	0.74	0.73	0.7	0.73	0.86	0.79	0.58	0.68	0.75	2.01	3.76
Interest Cover(x)	2.1	2.12	1.58	1.69	2.4	1.64	1.57	1.37	3.18	4.48	3.89
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0.02	0.01

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 69% CAGR over last 5 years
Debtor days have improved from 89.08 to 80.94days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 18.9 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.