Kaynes Technology India Ltd. (KAYNES) AI Stock Analysis

• Market Cap: ₹410.08B
• Dividend Yield: N/A
• Average Volume (3M): 31.10K
• Price to Earnings (P/E): 123.6
• Beta (1Y): 1.35
• Revenue Growth: 43.74%
• EPS Growth: 46.02%
• Country: IN
• Employees: 1,567
• Sector: Technology
• Sector Strength: 87
• Industry: Industrial - Machinery
• EPS (TTM): 11.12
• Shares Outstanding: 66,957,090
• 10 Day Avg. Volume: 13,372
• 30 Day Avg. Volume: 31,103
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ₹6,920.25
• Price Target Upside: 12.99% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 65 Neutral
• Price Target: ₹6,521.00 ▲(6.47% Upside)

Kaynes Technology India Ltd. has a strong financial performance with impressive revenue growth and profitability margins, which is the most significant factor in its score. Technical analysis supports a positive trend, but the high P/E ratio suggests overvaluation, limiting potential upside. Cash flow management remains a concern, impacting the overall score.

Kaynes Technology India Ltd. Business Overview & Revenue Model

Company Description

Kaynes Technology India Ltd. (KAYNES) is a leading provider of electronics system design and manufacturing services in India. The company operates in various sectors, including automotive, aerospace, defense, industrial, and medical electronics, offering a comprehensive range of services from design and development to testing and manufacturing. KAYNES specializes in offering end-to-end solutions that cater to the specific needs of its clients, ensuring high-quality and innovative products.

How the Company Makes Money

Kaynes Technology India Ltd. generates revenue through its extensive range of electronics manufacturing services. The company earns money primarily by providing design, engineering, and manufacturing solutions to clients across multiple industries such as automotive, aerospace, defense, and healthcare. Their key revenue streams include contract manufacturing services, where they produce electronic components and systems for other companies, and design services, which involve creating customized electronic solutions tailored to client specifications. Additionally, KAYNES benefits from strategic partnerships and long-term contracts with major clients, allowing for a stable and recurring income. The company's focus on innovation and quality helps maintain its competitive edge and contributes to its financial success.

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 a healthy equity ratio and manageable leverage. However, cash flow management needs attention due to negative free cash flow and cash flow challenges.

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	27.22B	27.22B	18.05B	11.26B	7.06B	4.21B
Gross Profit	7.32B	8.22B	4.56B	3.46B	2.03B	1.25B
EBITDA	4.92B	4.11B	3.12B	1.81B	992.84M	461.12M
Net Income	2.94B	2.93B	1.83B	951.96M	414.48M	97.33M
Balance Sheet
Total Assets	46.41B	46.41B	32.65B	14.19B	6.22B	4.19B
Cash, Cash Equivalents and Short-Term Investments	10.56B	10.56B	15.19B	4.94B	164.01M	118.31M
Total Debt	9.03B	9.03B	3.23B	1.55B	1.89B	1.48B
Total Liabilities	17.97B	17.97B	7.77B	4.58B	4.19B	2.80B
Stockholders Equity	28.40B	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: 6124.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 6124.45 is below the 20-day moving average (MA) of 6138.83, above the 50-day MA of 5997.52, and above the 200-day MA of 5694.68, indicating a neutral trend. The MACD of 69.09 indicates Negative momentum. The RSI at 52.26 is Neutral, neither overbought nor oversold. The STOCH value of 48.72 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	69 Neutral	₹266.67B	38.92		1.27%	―	―
KAYNES	65 Neutral	₹410.08B	123.60		―	43.74%	46.02%
TATAELXSI	65 Neutral	₹325.94B	43.73		1.43%	1.83%	-5.37%
KPITTECH	64 Neutral	₹326.03B	40.02		0.71%	17.09%	21.20%
Sector *	61 Neutral	$35.43B	7.71	-10.08%	1.88%	8.71%	-9.18%
LTTS	61 Neutral	₹447.55B	35.24		1.30%	12.91%	-2.97%
ITI	49 Neutral	₹273.52B	―		―	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.