Kaynes Technology India Ltd. (KAYNES) AI Stock Analysis

• Market Cap: ₹280.53B
• Dividend Yield: N/A
• Average Volume (3M): 28.25K
• Price to Earnings (P/E): 71.8
• Beta (1Y): 1.36
• Revenue Growth: 45.11%
• EPS Growth: 54.19%
• Country: IN
• Employees: 1,567
• Sector: Technology
• Sector Strength: 88
• Industry: Industrial - Machinery
• EPS (TTM): 18.10
• Shares Outstanding: 67,034,650
• 10 Day Avg. Volume: 31,169
• 30 Day Avg. Volume: 28,251
• 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: ₹7,700.00
• Price Target Upside: 90.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 57 Neutral
• Price Target: ₹4,018.00 ▼(-0.55% Downside)

Kaynes Technology India Ltd. has a strong financial performance with robust revenue growth and profitability, but faces challenges in cash flow management. The technical analysis indicates bearish momentum, and the high P/E ratio suggests overvaluation. These factors combined result in a moderate overall stock score.

Positive Factors

Revenue Growth

The company's robust revenue growth indicates a strong market position and effective management, contributing to long-term business sustainability.

Market Position

As a leader in electronic manufacturing services, Kaynes benefits from a strong market position, enabling it to capture more market share and drive growth.

Profitability Margins

Improved profitability margins indicate effective cost management and operational efficiency, enhancing long-term financial health and competitiveness.

Negative Factors

Cash Flow Management

Negative free cash flow can constrain the company's ability to invest in growth opportunities and manage financial obligations, posing long-term risks.

Return on Equity

Suboptimal return on equity suggests the company may not be utilizing its equity base efficiently, potentially impacting shareholder value over time.

Cash Flow Challenges

Challenges in converting net income to cash flow may affect liquidity and the ability to fund operations, impacting long-term financial stability.

Kaynes Technology India Ltd. Business Overview & Revenue Model

Company Description

Kaynes Technology India Ltd. (KAYNES) is a leading provider of end-to-end electronic manufacturing services (EMS) in India, specializing in the design, development, and manufacturing of advanced electronic systems. The company operates across various sectors, including automotive, industrial, aerospace, and defense, offering a wide range of core products and services such as printed circuit board assembly (PCBA), system integration, and product engineering. KAYNES is committed to delivering high-quality solutions that cater to the evolving needs of its diverse clientele.

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 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	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	969.15M	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: Negative
• Last Price: 4040.25
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• 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 Negative. The current price of 4040.25 is below the 20-day moving average (MA) of 4745.19, below the 50-day MA of 5857.21, and below the 200-day MA of 5879.36, indicating a bearish trend. The MACD of -550.20 indicates Negative momentum. The RSI at 33.33 is Neutral, neither overbought nor oversold. The STOCH value of 43.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	70 Outperform	₹265.40B	38.27	―	1.28%	0.29%	7.17%
KPITTECH	69 Neutral	₹335.65B	43.07	―	0.69%	13.34%	5.98%
TATAELXSI	66 Neutral	₹337.16B	50.27	―	1.39%	-1.19%	-17.92%
LTTS	62 Neutral	₹478.41B	37.41	―	1.24%	14.88%	-2.60%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
KAYNES	57 Neutral	₹280.53B	71.83	―	―	45.11%	54.19%
ITI	49 Neutral	₹301.14B	-175.87	―	―	30.27%	65.87%

Kaynes Technology India Ltd. Corporate Events

Kaynes Technology Schedules Business Update Call for Investors

Kaynes Technology India Limited has announced a business update call scheduled for December 8, 2025, aimed at providing analysts and investors with insights into recent developments. The call will feature key management figures and include a Q&A session, highlighting the company’s commitment to transparency and stakeholder engagement.

Kaynes Technology Releases Investor Presentation for September 2025 Quarter

Kaynes Technology India Ltd. has released its Investor Presentation for the quarter and half-year ending September 30, 2025, in compliance with SEBI regulations. This presentation, available on the company’s website, will be used in meetings with analysts and institutional investors until the end of December 2025, potentially impacting investor relations and market perception.

Kaynes Technology Reports Robust Q2 FY26 Financial Growth

Kaynes Technology India Limited reported a significant financial performance for the second quarter of fiscal year 2026, with a revenue of Rs 9,062 million, marking a 58% year-over-year increase. The company also achieved an 80% growth in EBITDA and a 102% rise in PAT compared to the previous year, highlighting its strong operational efficiency and market positioning.

Kaynes Technology Reports Strong Half-Year Financial Results

Kaynes Technology India Ltd. announced the approval of its unaudited financial results for the quarter and half-year ending September 30, 2025, during its board meeting on November 4, 2025. The company reported a total income of Rs. 10,060.38 million for the half-year, with a profit before tax of Rs. 1,591.84 million. This financial performance indicates a stable growth trajectory, reflecting positively on the company’s operational efficiency and market positioning.

Kaynes Technology Reports Strong Financial Performance for September 2025

Kaynes Technology India Ltd. announced its un-audited financial results for the quarter and half-year ending September 30, 2025, showing a robust performance with a total income of Rs. 10,060.38 million, an increase from the previous period. The company reported a profit before tax of Rs. 1,591.84 million, indicating strong operational efficiency and market positioning. This financial outcome reflects positively on Kaynes Technology’s strategic initiatives and could have favorable implications for stakeholders, reinforcing its competitive edge in the technology sector.

Kaynes Technology Subsidiary Acquires Additional Stake in Sensonic GmbH

Kaynes Technology India Limited announced that its wholly owned subsidiary, Kaynes Holding Pte Ltd, has entered into a Share Purchase Agreement with Frauscher Sensor Technology Group GmbH to acquire an additional 7% stake in Sensonic GmbH. This acquisition, which will be completed for a nominal consideration of one Euro, increases Kaynes Holding’s stake in Sensonic GmbH to 61%. The transaction is not expected to impact the management or control of Kaynes Technology India Limited, but it strengthens the company’s strategic position in the sensor technology market.