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Kaynes Technology India Ltd share Price Today

Company details

3,810.05
4,030.00
1,461.10
4,030.00
6M Return 57.40%
1Y Return 153.26%
Mkt Cap.(Cr) 24,892.55
Volume 442,154
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 442,154

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Electrical Equipment company Kaynes Technology India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Orderbook surged from Rs 37,890 million in Q3FY24 to Rs 41,152 million in Q4FY24
  • The average order inflow per month increased from Rs 2,788 million per month in Q3FY24 to Rs 3,212 million during Q4FY24
  • Revenue at Rs 6,373 million; up 74.8% YoY
  • Growth led by strong demand across all the verticals, more notably Industrial & EV, Aerospace, Outer-space & Strategic Electronics and Railways segment
  • EBITDA at Rs 952 million; up 60.5% YoY; EBIDTA Margin at 14.9%
  • PAT at Rs 813 million; up 96.8% YoY; PAT Margin at 12.8% 

FY24 Financial Highlights:

  • Revenue at Rs 18,046 million; up 60.3% YoY
  • EBITDA at Rs 2,542 million; up 51.0% YoY; EBIDTA Margin at 14.1%
  • PAT at Rs 1,833 million; up 92.5% YoY; PAT Margin at 10.2% 

Commenting on the results Ramesh Kunhikannan, Managing Director & Promoter, Kaynes Technology India Limited said: “ Kaynes achieved an impressive 60.3% revenue growth in FY24, driven by robust demand across all verticals, more notably in the Industrial & EV, Aerospace, Outerspace & Strategic Electronics and Railways verticals. The company's order book soared to INR 41,152 million, providing us strong visibility of growth for FY25 and beyond at similar growth rates and improved margins. The working capital cycle has reduced to 83 days in FY24 from 99 days in FY23. This is in line with our commitment and consistent efforts to optimize the working capital cycle. Kaynes continues to invest in new initiatives & executing projects in newer high potential segments. These strategic initiatives are poised to strengthen the company's competitive edge and make Kaynes an Integrated EMS Company. Many new initiatives are in the planning stage to support this strategy. We continue to expand capabilities across verticals with clear focus on outlined strategy of continuous expansion of customer base with focus on large accounts with growing share of value-added services.”

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Kaynes Technology India Ltd shares SWOT Analysis

Strengths (13)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • New 52 week high today

Weakness (4)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 4,013.0
R2 4,131.5
R3 4,232.9
Pivot

3,911.50

S1 3,793.0
S2 3,691.6
S3 3,573.1
EMA SMA
3,373.6
3,090.9
2,898.0
2,572.5
3,397.1
2,923.1
2,886.0
2,651.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 2851.15 46410 NSE
SOCIETE GENERALE Block Purchase 2024-01-25 2851.15 40656 BSE
SOCIETE GENERALE Block Sell 2024-01-25 2851.15 46410 NSE
Name Category Shares
Ramesh Kunhikannan PROMOTER 57.8%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Kaynes Technology India Ltd Stocks COMPARISON

Financials( in Cr) Kaynes Technology India Ltd Havells India Ltd Dixon Technologies (India) Ltd Voltas Ltd Blue Star Ltd
Price 3,894.45 1,828.20 11,546.85 1,536.15 1,730.60
% Change 2.54 -0.61 2.70 2.51 -0.33
Mcap Cr 24,892.55 114,570.19 69,075.57 50,828.90 35,583.73
Revenue TTM Cr 1,126.11 18,590.01 12,192.01 12,481.21 7,977.32
Net Profit TTM Cr 95.20 1,270.76 255.08 248.11 400.69
PE TTM 132.35 91.22 182.89 196.71 86.04
1 Year Return 153.26 34.33 164.04 88.43 125.02
ROCE 21.46 24.13 23.60 8.40 23.89
ROE 16.40 18.06 22.36 4.40 23.42
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 959.04 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 32,550.52 645.34
LAST 3M 103,712.87 -29,605.88
LAST 6M 176,931.00 -14,371.69
LAST 12M 290,309.13 100,312.35

Kaynes Technology India Ltd Information

Stock PE (TTM)
132.35
Promoter Holding
57.83%
Book Value
389.0743
ROCE
21.46%
ROE
16.4%
Description
  • Kaynes Technology India Limited 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`. Subsequently, name of the Company was changed to `Kaynes Technology India Limited` upon conversion to a Public Limited on March 24, 2022 and fresh Certificate of Incorporation was issued by RoC consequent upon change of name 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. The Company is engaged in Design and Manufacturing of advanced electronic modules and solutions catering to a wide range of industries. Its business is classified based on services the Company operate. It undertake "Build To Print" or "Build to Specifications" of complex box builds, sub-systems and products across various industry verticals. It undertake turnkey electronics manufacturing services of PCBAs, cable harness, magnetics and plastics ranging from prototyping to product realization including mass manufacturing. Apart from these, it offer ODM services in smart metering technology, smart street lighting, brush less DC (BLDC) technology, inverter technology, gallium nitride based charging technology and providing IoT solutions for making smart consumer appliances or devices IoT connected. The Company`s services include PCB cladding or electrical schematics to embedded design and submitting proof of concept to prototyping. It offer connected product engineering and solutions, which has a portfolio of hardware, software accelerators and proprietary sensors along with cloud platform based service and solution offerings in asset tracking, remote device management and smart product development. Their digital engineering offerings leverage latest technologies including IoT, big data, machine learning, cloud and media to improve customers` efficiency. Apart from these, it provide end-to-end IoT, cloud-enablement solutions, analytics platform and vertical IoT solutions. In 1988, the Company was established as a Manufacturing Enterprise. In 1995, it obtained ISO 9001:2000 certification for Printed Circuit Board assemblies and Electronic Manufacturing Services. In 2000, it set up a 100% hardware Export Oriented Unit (EOU) under the Electronic Hardware Technology Park Scheme of Government of India for manufacture of populated Printed Circuit Boards. In 2001, it commenced exporting operations. In 2004, it set up a new unit in Himachal Pradesh for resale of Printed Circuit Board assemblies. In 2006, it established manufacturing facility (micro enterprise) in Uttarakhand. It signed a Memorandum of Understanding (MoU) with NS-SBU Bharat Electronics Limited, Bengaluru for contract manufacturing of PCB assemblies, modules and sub-units. In 2008, a new Subsidiary, Kaynes Technology Europe GmbH, a Limited Liability Corporation (LLC) at Hunenberg, Switzerland was established. The Company tookover Kaynes Technology, a Proprietorship firm of Ramesh Kunhikannan. In 2009, it established a new unit in Chennai for undertaking services related to solenoids, electromagnetic relays, transformers, inducters and electro-mechanical parts. In 2010, it established a unit at Bengaluru, Karnataka. In 2012, it established a manufacturing unit at Mysore, Karnataka. In 2013, the Company commenced their exporting of products to Malaysia and Australia. In 2016, the Company established a manufacturing unit in Manesar, Gurugram, and Haryana. It formed a Joint Venture collaboration with Qualcomm Technologies Incorporation for design and manufacturing of software tools and hardware tools for various devices. In 2021, the Company started exporting of sensor electric assembly to Phoenix, Arizona. It expanded the growth in aerospace, defence, power electronics and expansion into consumer electronics. The Company came out with a Public Issue during November, 2022 through fresh issue and offer for sale.

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543664
NSE Code : KAYNES
Book Closure Date (Month) :
BSE Group : A
ISIN : INE918Z01012

FAQ’s on Kaynes Technology India Ltd Shares

You can buy Kaynes Technology India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Kaynes Technology India Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 18, 2024 03:57 PM the closing price of Kaynes Technology India Ltd was Rs.3,894.45.

The latest PE ratio of Kaynes Technology India Ltd as of Jun 18, 2024 03:57 PM is 132.35

The latest PB ratio of Kaynes Technology India Ltd as of Jun 18, 2024 03:57 PM is 0.10

The 52-week high of Kaynes Technology India Ltd share price is Rs. 4,030.00 while the 52-week low is Rs. 1,461.10

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 18, 2024 03:57 PM, the market cap of Kaynes Technology India Ltd stood at Rs. 24,892.55.

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