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Kaynes Technology

IoT-led EMS across auto, industrial, aerospace + OSAT semiconductor bet (Sanand). Revenue 5x in 4 years; cash burn from semicon capex is the watch item (FY26 CFO -₹600 Cr).

Order book · ₹7K Cr+ order book; OSAT ramp FY27

Hold
₹3,329
Mkt cap ₹22.3K Cr
P/E
61.0x
P/B
4.7x
ROCE
13.2%
ROE
9.6%
Div yield
0.00%
52W high
₹7,705
52W low
₹2,995
Promoter
53.5%
Score bridge (derived from real data)
Fundamental
60
Valuation
68
Technical
42
Moat (curated)
66

Fundamental = ROCE/ROE/OPM/growth/cash-conversion/leverage from Screener statements. Valuation = P/E, EV/EBITDA, P/B and distance-from-high. Technical = position in real 52-week range (full OHLCV indicators need a market-data API). Decision = weighted engine over all four.

52-week position
₹2,995now ₹3,329₹7,705
7/100
Technical rating D
Price · 2 years · SMA 50/200 · as of 2026-07-20
NeutralMACD Bullish50 < 200
RSI-14
RSI-14
51
vs SMA-50
2.1%
vs SMA-200
-22.7%
1Y return
-43.6%
Ann. vol
53%
Max DD 1Y
-60%
Annual trend · sales, PAT, OPM
Quarterly run-rate
Peer set · Electronics Manufacturing
CompanyMkt capP/EOPMROCESales 3YPAT 3YD/EComposite
Syrma SGS Technology₹25.8K Cr80.5x11%16.7%33.0%41.2%0.14x65
Kaynes Technology ◄₹22.3K Cr61.0x16%13.2%47.7%56.5%0.19x60

Financial statements

Source: Screener.in
Sales 3Y CAGR
47.7%
PAT 3Y CAGR
56.5%
OPM (latest)
16.0%
PAT margin
10.0%
D / E
0.19x
CFO / PAT
-1.65x
EV / EBITDA
40.5x
FCF yield
-6.8%
Ratio history · computed per year
RatioMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales growth YoY %—59.5%60.3%50.8%33.2%
PAT growth YoY %—126.2%92.6%60.1%24.2%
OPM %13%15%14%15%16%
PAT margin %5.9%8.4%10.1%10.8%10.0%
ROE % (PAT / net worth)20.8%9.9%7.4%10.3%7.7%
D / E (x)0.940.160.130.320.19
Asset turnover (x)1.140.790.550.590.53
CFO / PAT (x)0.50-0.440.48-0.28-1.65
Annual P&L · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales7061,1261,8052,7223,626
Operating profit95170257416574
OPM %13%15%14%15%16%
Net profit4295183293364
EPS ₹9.0316.3728.6845.8454.28
Quarterly · ₹ Cr
Dec 2024Mar 2025Jun 2025Sep 2025
Sales661984673906
OPM %14%17%17%16%
PAT6611675121
Balance sheet · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity4658646467
Reserves1569012,4232,7764,681
Borrowings189155323903913
Total assets6221,4193,2654,6416,894
Cash flow · ₹ Cr
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating21-4288-82-600
Investing-45-494-1,523-355-917
Financing275541,4294651,580
Shareholding
Promoters
53.5%
FII
7.3%
DII
15.1%
Public
24.1%
Mkt cap
₹22.3K Cr
P/E
61.0x
52W range
₹2,995–7,705