Is Kaynes Technology India Ltd (KAYNES) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Kaynes Technology India Ltd is a good quality company .

Is Kaynes Technology India Ltd (KAYNES) undervalued or overvalued?

The key valuation ratios of Kaynes Technology India Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Kaynes Technology India Ltd (KAYNES) share price return in the past 10 years?

Data is not available for this company

Is Kaynes Technology India Ltd (KAYNES) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Kaynes Technology India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

What is the share price of Kaynes Technology India Ltd (KAYNES)?

Company share prices are keep on changing according to the market conditions. The current trading price of Kaynes Technology India Ltd (KAYNES) on 15-Apr-2026 16:59:59 at 16:59 is 4018.30.

What is the market cap of Kaynes Technology India Ltd (KAYNES)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 15-Apr-2026 at 16:59, the market cap of Kaynes Technology India stood at Rs. 25990.01 Cr.

What is the P/E ratio of Kaynes Technology India?

The latest standalone P/E ratio of Kaynes Technology India as of 15-Apr-2026 is 106.70.

What is the P/B ratio of Kaynes Technology India Ltd (KAYNES)?

The latest standalone P/B ratio of Kaynes Technology India Ltd (KAYNES) as of 15-Apr-2026 is 5.87.

What is the 52-week high and low of Kaynes Technology India Ltd (KAYNES)?

The 52-week high of Kaynes Technology India Ltd (KAYNES) is Rs. 7705.00 and the 52-week low is Rs. 3295.65.

What is the TTM revenue of Kaynes Technology India Ltd (KAYNES)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Kaynes Technology India is Rs. 2176.25 (Cr.).

Kaynes Technology India Ltd (KAYNES) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: Kaynes Technology India Ltd (KAYNES)
Brand: Kaynes Technology India

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	13.3%	13.5%	22.1%	15.5%	14.9%	12.3%	26.1%	22.1%	11.4%	12.3%	-
Value Creation Index ⓘ	0.2	0.2	1.0	0.4	0.3	0.1	1.3	0.6	-0.2	0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	276	278	369	353	360	393	671	1,087	1,274	1,915	2,176
Sales YoY Gr.	-	0.9%	32.9%	-4.5%	2.1%	9%	70.9%	61.8%	17.3%	50.4%	-
Adj EPS ⓘ	11.7	7.1	15.6	12.4	14.5	9.8	8.5	16.3	19.9	32.8	36.3
YoY Gr.	-	-39.1%	119.2%	-20.6%	17%	-32.8%	-13.1%	92.3%	21.9%	65%	-
BVPS (₹) ⓘ	123.2	85.3	103.3	114.7	128.6	169.4	43.9	164.7	379.8	412.1	660.4
Adj Net Profit ⓘ	5.8	5.8	12.7	10.1	11.8	8	39.1	94.7	127	210	244
Cash Flow from Ops. ⓘ	19	28.3	9.4	-4.5	33.4	13	14.7	-52.3	-103	65.1	-
Debt/CF from Ops. ⓘ	5.6	3.4	10.4	-34.3	4.2	10.5	11.2	-2.4	-2.6	9.4	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	24%	39.7%	41.8%	50.4%
Adj EPS ⓘ	12.1%	17.7%	57%	65%
BVPSⓘ	14.4%	26.2%	111%	8.5%
Share Price	-	-	61.5%	-27.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	9.8	8.8	16.6	11.4	11.9	6.5	22.9	16.3	7.5	8.3	6.8
Op. Profit Mgn % ⓘ	8.7	7.8	10.4	10.6	11.6	9.6	13.6	15.3	13.7	13.4	13.2
Net Profit Mgn % ⓘ	2.1	2.1	3.5	2.9	3.3	2	5.8	8.7	10	11	11.2
Debt to Equity ⓘ	1.7	1.4	1.2	1.7	1.4	1	0.8	0.1	0.1	0.2	-
Working Cap Days ⓘ	241	244	219	269	281	276	214	214	272	332	277
Cash Conv. Cycle ⓘ	93	97	93	126	141	136	110	99	107	86	210

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 41.83%

Net Profit is growing at healthy rate in last 3 years 56.99%

Sales growth is good in last 4 quarters at 41.27%

Return on Equity has declined versus last 3 years average to 6.80%

	Standalone	Consolidated
TTM EPS (₹)	36.3	58
TTM Sales (₹ Cr.)	2,176	3,368
BVPS (₹) ⓘ	660.4	709.7
Reserves (₹ Cr.) ⓘ	4,360	4,690
P/BV ⓘ	5.87	5.46
PE ⓘ	106.70	66.83

From the Market
52 Week Low / High (₹)	3295.65 / 7705.00
All Time Low / High (₹)	625.05 / 7824.95
Market Cap (₹ Cr.)	25,990
Equity (₹ Cr.)	67
Face Value (₹)	10
Industry PE ⓘ	50.2

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	276	278	369	353	360	393	671	1,087	1,274	1,915
Operating Expenses ⓘ +	252	256	331	317	319	355	580	920	1,101	1,659
Manufacturing Costs	3	11	19	24	22	4	36	62	50	75
Material Costs	193	192	250	233	239	268	469	760	912	1,397
Employee Cost	27	31	39	39	40	43	56	70	88	113
Other Costs ⓘ	29	22	23	20	19	40	18	28	51	73
Operating Profit ⓘ	24	22	38	36	41	38	92	166	173	257
Operating Profit Margin (%)	8.7%	7.8%	10.4%	10.2%	11.4%	9.6%	13.6%	15.3%	13.6%	13.4%
Other Income ⓘ +	1	5	5	2	2	4	5	12	64	137
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Interest ⓘ	14	13	16	20	24	24	26	36	56	91
Depreciation ⓘ	4	4	5	5	6	10	12	18	21	27
Profit Before Tax ⓘ	8	9	22	13	13	9	58	125	161	275
Tax ⓘ	2	2	8	4	2	0	17	30	35	65
Profit After Tax	6	7	15	9	11	9	41	95	126	210
PAT Margin (%)	2.1%	2.6%	4.0%	2.6%	3.2%	2.2%	6.1%	8.7%	9.9%	11.0%
Adjusted EPS (₹)	11.7	8.8	18.0	11.3	13.9	10.5	8.9	16.3	19.7	32.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	61	70	84	94	105	139	203	958	2,428	2,641
Share Capital ⓘ	5	5	7	7	7	8	47	58	64	64
Reserves ⓘ	56	65	78	87	98	131	156	900	2,364	2,577
Debt +	101	91	88	148	120	137	154	126	260	609
Long Term Debt	12	12	19	30	10	17	26	16	11	8
Short Term Debt	89	79	70	119	111	120	128	111	249	601
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	70	76	97	89	91	88	156	215	189	506
Others Liabilities ⓘ	24	26	35	29	44	41	97	127	148	242
Total Liabilities ⓘ	256	263	304	360	360	406	609	1,427	3,024	3,998
Fixed Assets
Net Fixed Assets ⓘ +	45	48	45	49	54	67	107	119	199	237
Gross Block	61	68	70	79	90	110	159	190	291	355
Accumulated Depreciation	16	20	25	30	36	43	53	70	92	118
CWIP ⓘ	1	0	1	2	9	10	4	26	34	75
Investments ⓘ	3	3	3	4	3	3	3	4	174	294
Inventories	80	80	85	120	144	153	217	402	473	616
Trade Receivables	88	91	132	121	93	122	189	220	126	497
Cash Equivalents ⓘ	10	8	8	32	12	13	20	479	1,515	1,013
Others Assets ⓘ	29	33	30	32	45	39	70	177	503	1,267
Total Assets ⓘ	256	263	304	360	360	406	609	1,427	3,024	3,998

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	19	28	9	-5	33	13	15	-52	-78	65
PBT ⓘ	8	9	22	13	13	9	58	125	161	275
Adjustment ⓘ	17	15	18	24	30	28	33	40	36	25
Changes in Working Capital ⓘ	-2	6	-28	-36	-8	-19	-73	-170	-244	-187
Tax Paid ⓘ	-4	-1	-3	-6	-2	-4	-3	-47	-30	-48
Cash Flow From Investing Activity ⓘ +	-12	-9	-1	-10	-19	-19	-37	-480	-1,327	-322
Capex	-11	-9	-2	-11	-19	-20	-36	-47	-135	-796
Net Investments	-0	0	0	-0	-1	0	-3	-443	-1,242	379
Others ⓘ	-1	0	1	0	1	1	2	10	50	95
Cash Flow From Financing Activity ⓘ +	-5	-21	-8	39	-36	8	26	550	1,395	259
Net Proceeds from Shares ⓘ	2	0	0	0	0	0	0	660	1,344	2
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	9	-10	-4	-3
Interest Paid ⓘ	-11	-12	-14	-19	-23	0	-25	-34	-54	-88
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	4	-10	6	57	-14	8	42	-65	109	347
Net Cash Flow ⓘ	2	-2	0	24	-22	2	3	18	-10	2

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	9.96	10.96	19.06	10.4	11.43	7.05	24.06	16.34	7.45	8.28
ROCE (%)	13.25	13.48	22.07	15.52	14.9	12.3	26.07	22.05	11.44	12.32
Asset Turnover Ratio	1.18	1.16	1.32	1.06	1	1.03	1.32	1.07	0.57	0.55
PAT to CFO Conversion(x)	3.17	4	0.6	-0.56	3	1.44	0.37	-0.55	-0.62	0.31
Working Capital Days
Receivable Days	115	109	109	131	108	100	84	69	50	59
Inventory Days	92	97	80	106	134	138	100	104	125	104
Payable Days	136	139	126	145	137	122	95	89	81	91

About Kaynes Technology India Ltd

Kaynes Technology India was incorporated on March 28, 2008 at Mysore, Karnataka as a private limited company under the Companies Act, 1956, with the name ‘Kaynes Technology India Private Limited’ pursuant to a certificate of incorporation granted by the Registrar of the Companies, Karnataka at Bangalore (RoC). Subsequently, the name of the Company was changed to ‘Kaynes Technology India Limited’ upon conversion of the company into a public limited company pursuant to a special resolution passed by company’s Shareholders on March 24, 2022 and the fresh certificate of incorporation was issued by the RoC consequent upon change of name on conversion to public limited company on March 31, 2022.

The company is an end-to-end and IoT solutions enabled integrated electronics manufacturing player, having capabilities across the entire spectrum of electronics system design and 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 and defence, outer-space, nuclear, medical, railways, Internet of Things (IoT), Information Technology (IT) and other segments.

Business area of the company

The company is primarily engaged in design and manufacturing of advanced electronic modules and solutions catering to a wide range of industries. It collaborates with global OEMs and Tier I players across sectors to design, build, and support high-performance, high-reliability electronic solutions. Headquartered in Mysuru, its model spans the entire electronics value chain, combining embedded design, advanced manufacturing, and lifecycle support into a cohesive offering.

Solutions offered by the company

The company offers tailored and scalable services with complete ownership across the product lifecycle.

Embedded Design and Development: Concept-to-prototype product engineering and embedded software
Box Build and Systems Integration: End-to-end electro-mechanical integration and testing
Build-to-Print/Build-to-Spec: Precision manufacturing aligned to customer IP and specifications
Lifecycle Support and Services: Post-sales support, service integration, and upgrades

Key Awards, Accreditations and Recognition

2005-2006: State Export Excellence Award, Government of Karnataka presented by the Visvesvaraya Industrial Trade Centre.
2007-2008: State Export Excellence Award, Government of Karnataka presented by the Visvesvaraya Industrial Trade Centre.
2007: Special recognition Award “National Award - 2007 for outstanding entrepreneurship efforts” by Ministry of Micro, Small and Medium Enterprises, Government of India.
2013: Plaque of honour for outstanding achievements in manufacturing and corporate social responsibility by the Mysore District Parents association for empowering developmentally disabled.
2014: Platinum Award for being rated as the highest scoring SMEs in India by the SKOCH Group.
2014: SKOCH merit certificate for qualifying amongst India’s Best SMEs by the SKOCH-2014 Group.
2015: Award for Best Electronics Manufacturing Company at the IESA- Technovation Awards by India Electronics & Semiconductor Association.
2015- 2016: Award for High Growth in Electronic Hardware Exports - Tier II & III region at the STPI Export Awards 2015-2016 by Software Technology Parks of India.
2016: Make in India -Emerging Entrepreneur Award by India Today Group.
2016: Excellence Award by NCQC, Raipur Quality Circle Forum of India.
2017-2018: Export Excellence Award for highest exports in electronics hardware sector presented by Ministry of Commerce & Industry, Government of India.
2018: First Prize (MSE) in the Excellence in Manufacturing component at the Elcina defEnnovation Awards.
2018: Winner at the Hand Soldering Competition by IPC India.
2018: Award for Entrepreneur of the Year (Trendsetter-Manufacturing) by CII Connect.
2018: ELCINA defEnnovation Award for Excellence in Manufacturing - Components, MSME Category by Elcina.
2022: ELCINA defEnnovation Award for Excellence in Manufacturing - Product (large scale).
2025: Kaynes Technology India Limited has been honoured by Intel Corporation / Intel India with the Business Excellence Award 2025.

Major events and milestones

1988: Established as a manufacturing enterprise.
1995: Obtained ISO 9001:2000 certification for printed circuit board assemblies and electronic manufacturing services.
2000: Obtained approval for setting up of 100% hardware export oriented unit under the electronic hardware technology park scheme of government of India for manufacture of populated printed circuit boards.
2001: Commenced exporting operations.
2004: New unit in Himachal Pradesh for resale of printed circuits board assemblies.
2006: Established manufacturing facility (micro enterprise) in Uttarakhand.
2006: Entered into memorandum of understanding with NS-SBU Bharat Electronics Limited, Bengaluru for contract manufacturing of PCB assemblies, modules and sub-units.
2008: Incorporation of Company.
2008: Established Subsidiary, Kaynes Technology Europe GmbH, a limited liability corporation at Hunenberg, Switzerland.
2008: Takeover of Kaynes Technology, a Proprietorship firm of Ramesh Kunhikannan, by the Company.
2009: Established unit in Chennai for undertaking services related to solenoids, electromagnetic relays, inductors, transformers and electro mechanical parts.
2009: Expanded customer base in Europe in line of the purchase orders received.
2010: Received Industry Vertical Specific Quality Management System Certifications for manufacturing and servicing of populated printed circuit boards, electromechanical assemblies and transformer for electronic assemblies.
2010: Established a unit at Bengaluru, Karnataka, India.
2010: Received Industry Vertical Specific Quality Management System Certifications for manufacturing and servicing of populated printed circuit boards, electromagnetic assemblies and cable harness for electronic assemblies for aerospace application.
2011: Received Industry Vertical Specific Quality Management System Certifications for the custom manufacture of populated printed circuit board assemblies, electromechanical assemblies and Patient Monitoring Systems.
2012: Established manufacturing facility in Mysore, Karnataka, India.
2013: Commenced exporting of products to Australia and Malaysia.
2016: Established manufacturing facility in Manesar, Gurugram, Haryana, India.
2016: Collaboration with Qualcomm Technologies Incorporation for design and manufacturing of software tools and hardware tools for various devices.
2020: Impetus towards embedded system, design and IOT solutions and design skills enhancement.
2021: Commenced exporting of sensor electric assembly to Phoenix, Arizona.
2021: Growth in aerospace, defence, power electronics and expansion into consumer electronics.
2022: Received approval under the Production Linked Incentive Scheme for White Goods (Air Conditioner and LED Lights).
2023: Kaynes Technology enters into MoU with Government of Karnataka.
2023: Kaynes Technology India inks MoU with Government of Telangana.
2024: Kaynes Technology India collaborates with DigiLens.
2024: Kaynes Technology India incorporates wholly owned subsidiary.
2024: Kaynes Technology India’s wholly owned subsidiary -- Kaynes Semicon has signed a binding Technology Provision Agreement (TPA) with ISO Technology Sdn. Bhd. (ISO).
2024: Kaynes Technology India acquires 100% shareholding in ESSNKAY Electronics LLC.
2024: Kaynes Technology inaugurates electronics manufacturing facility in Hyderabad.
2024: Kaynes Technology India’s wholly owned subsidiary -- Kaynes Semicon has received approval from Union Cabinet to setup a semiconductor unit at Sanand, Gujarat.
2024: Kaynes Technology India acquires 54% stake in Sensonic GmbH, Austria.
2025: Kaynes Technology India acquires August Electronics Inc.
2025: Kaynes Technology India incorporates wholly owned subsidiary.
2025: Kaynes Technology India’s wholly owned subsidiary -- Kaynes Circuits India has entered into a non-binding Memorandum of Understanding (MoU) on August 4, 2025 with Government of Tamil Nadu for investment promotion and facilitation.
2025: Kaynes Technology India’s a wholly owned subsidiary -- Kaynes Semicon has entered into two strategic partnerships with global technology leaders - AOI Electronics Co., (Japan) and Mitsui & Co., (Japan) - to strengthen its upcoming semiconductor manufacturing operations in India.

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Kaynes Technology India Ltd (KAYNES) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Kaynes Technology Share Price