Kaynes Technology India Ltd. (KAYNES) AI Stock Analysis

• Market Cap: ₹468.69B
• Dividend Yield: N/A
• Average Volume (3M): 28.73K
• Price to Earnings (P/E): 141.1
• Beta (1Y): 1.32
• Revenue Growth: 43.74%
• EPS Growth: 46.02%
• Country: IN
• Employees: 1,567
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Machinery
• EPS (TTM): 11.15
• Shares Outstanding: 67,034,650
• 10 Day Avg. Volume: 30,065
• 30 Day Avg. Volume: 28,734
• PEG Ratio: 2.13
• Price to Book (P/B): 10.91
• Price to Sales (P/S): 11.39
• P/FCF Ratio: -30.06
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹7,242.50
• Price Target Upside: 3.25% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 70 Outperform
• Price Target: ₹7,260.00 ▲(3.50% Upside)

Kaynes Technology India Ltd. benefits from strong financial performance and technical momentum, driving a positive outlook. However, the high valuation presents a risk, as it may limit future gains. The absence of earnings call data and corporate events does not impact the score.

Kaynes Technology India Ltd. Business Overview & Revenue Model

Company Description

Kaynes Technology India Limited operates as an end-to-end and Internet of Things solutions (IoT) enabled integrated electronics manufacturing company that provides electronics system design and manufacturing services in India, North America, Europe, Southeast Asia, and internationally. The company offers box build, printed circuit board assembly, product engineering, and IoT solutions, as well as original design manufacturing services. It serves automotive, industrial, aerospace, defense, outer-space, nuclear, medical, railways, IoT/information technology, and other industries. The company was founded in 1988 and is based in Mysore, India.

How the Company Makes Money

Kaynes Technology generates revenue primarily through its electronic manufacturing services, which include the production of PCBA, system assembly, and related engineering services. The company's revenue model is centered around contract manufacturing, where it partners with clients in various industries to provide customized electronic solutions. Key revenue streams include long-term contracts with major players in the automotive and aerospace sectors, which often involve high-volume production runs. Additionally, KAYNES benefits from strategic partnerships with technology firms and component suppliers, allowing it to leverage economies of scale and enhance its service offerings. The company also invests in research and development to innovate its product lines and maintain competitiveness, which further contributes to its earnings.

Kaynes Technology India Ltd. Financial Statement Overview

Summary

Kaynes Technology India Ltd. shows strong revenue growth and profitability margins, indicating effective management and market position. The balance sheet is solid with manageable leverage, though cash flow management needs attention due to negative free cash flow.

Income Statement

Kaynes Technology India Ltd. has demonstrated impressive growth in its revenue over the years, especially with a substantial increase from the prior period. The gross profit margin and net profit margin have improved, reflecting efficient cost management and profitability. EBITDA and EBIT margins are strong, indicating robust operational efficiency.

Balance Sheet

The company's balance sheet is solid with a healthy equity ratio suggesting a strong capital structure. The debt-to-equity ratio is reasonable, indicating manageable leverage. However, the return on equity, while positive, indicates room for improvement in generating returns on shareholders' equity.

Cash Flow

There is a concern with negative free cash flow, primarily due to significant capital expenditures. While the operating cash flow to net income ratio is concerning, indicating cash flow challenges, the company has been able to maintain investing and financing activities to support growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	28.91B	27.22B	18.05B	11.26B	7.06B	4.21B
Gross Profit	8.50B	8.22B	4.69B	3.46B	2.03B	1.25B
EBITDA	5.37B	4.11B	3.12B	1.81B	992.84M	461.12M
Net Income	3.17B	2.93B	1.83B	951.96M	414.48M	97.33M
Balance Sheet
Total Assets	0.00	46.41B	32.65B	14.19B	6.22B	4.19B
Cash, Cash Equivalents and Short-Term Investments	10.47B	10.47B	15.19B	4.82B	164.01M	118.31M
Total Debt	0.00	9.03B	3.23B	1.55B	1.89B	1.48B
Total Liabilities	-28.44B	17.97B	7.77B	4.58B	4.19B	2.80B
Stockholders Equity	28.44B	28.40B	24.87B	9.59B	2.03B	1.39B
Cash Flow
Free Cash Flow	0.00	-10.31B	-3.12B	-1.00B	-211.35M	27.35M
Operating Cash Flow	0.00	-823.16M	701.41M	-419.42M	211.09M	277.30M
Investing Cash Flow	0.00	-3.55B	-15.05B	-4.93B	-445.27M	-240.84M
Financing Cash Flow	0.00	4.65B	14.29B	5.54B	272.42M	-13.39M

Kaynes Technology India Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7014.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KAYNES, the sentiment is Positive. The current price of 7014.65 is below the 20-day moving average (MA) of 7173.93, above the 50-day MA of 6778.81, and above the 200-day MA of 5827.63, indicating a neutral trend. The MACD of 32.03 indicates Positive momentum. The RSI at 49.38 is Neutral, neither overbought nor oversold. The STOCH value of 27.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KAYNES.

Kaynes Technology India Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TATATECH	73 Outperform	₹280.89B	40.99	―	1.21%	―	―
KAYNES	70 Outperform	₹468.69B	141.10	―	―	43.74%	46.02%
KPITTECH	66 Neutral	₹318.53B	39.10	―	0.73%	17.09%	21.20%
TATAELXSI	65 Neutral	₹336.64B	50.19	―	1.39%	-1.19%	-17.92%
LTTS	62 Neutral	₹444.32B	34.98	―	1.33%	12.91%	-2.97%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ITI	51 Neutral	₹322.86B	―	―	―	120.98%	66.43%

Kaynes Technology India Ltd. Corporate Events

Kaynes Technology Expands with Strategic Acquisitions

Kaynes Technology India Ltd. has announced the acquisition of stakes in three companies: Aerocaliph Components Private Limited, Cryo Precision Technologies Private Limited, and Tranzmeo IT Solutions Private Limited. The acquisitions aim to expand Kaynes’ capabilities in aerospace manufacturing and enhance its technological offerings. This strategic move is expected to strengthen Kaynes’ market position and provide new growth opportunities in the aerospace sector, particularly in India.