Kaynes Technology India Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has delivered good profit growth of 97.0% CAGR over last 5 years
- Company is almost debt free
- Company has delivered good sales growth of 40.2% CAGR over last 5 years
- Latest quarter profit grew 41.7% YoY, showing strong momentum
- Stock looks reasonably valued - P/E of 85.3 is below its historical median
CONS
- A large part of profit comes from other income (49.2% of PBT)
- Company has a low return on equity of 7.6% over last 3 years
- Promoter holding has decreased over last 2 years: -4.4pp
- Company has a low return on capital employed of 11.5%
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.40x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMA | 1598.85 | 83.75 | 30830.70 | 0.09 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| KAYNES | 3519.90 | 68.25 | 23595.53 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 13.38 | 15.60 |
| AVALON | 2228.30 | 111.55 | 14903.38 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 20.34 | 11.96 |
| UTLSOLAR | 440.50 | 45.99 | 13519.02 | 0.00 | 577.94 | — | 13456.93 | — | 36.46 | 18.94 |
| CYIENTDLM | 921.25 | 89.07 | 7313.19 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| VIKRAMSOLR | 165.50 | 16.81 | 5996.97 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| SAATVIKGL | 401.95 | 20.59 | 5108.99 | 0.00 | 5.36 | -95.49 | 511.01 | -44.20 | 55.18 | 6.62 |
| WEBELSOLAR | 75.49 | 10.82 | 3277.50 | 0.33 | 77.79 | — | 372.60 | 115.39 | 63.74 | 33.70 |
| KERNEX | 1709.45 | 15.06 | 2872.50 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| MODINSULAT | 443.35 | 22.20 | 2090.12 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| INA | 92.95 | 10.23 | 2049.10 | 0.00 | 380.25 | 796.94 | 7406.98 | 1766.82 | 34.98 | 9.74 |
| IKIO | 231.30 | 38.44 | 1787.50 | 0.00 | 11.05 | 364.51 | 169.29 | 40.91 | 10.02 | 12.97 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 291 | 292 | 317 | 375 | 350 | 433 | 396 | 737 | 451 | 467 | 522 | 688 | 553 | |
| 251 | 253 | 275 | 323 | 302 | 360 | 347 | 653 | 385 | 404 | 448 | 602 | 516 | |
| Operating Profit | 39 | 39 | 42 | 52 | 48 | 73 | 49 | 84 | 65 | 63 | 74 | 86 | 37 |
| OPM % | 13.56% | 13.22% | 13.14% | 13.82% | 13.80% | 16.85% | 12.27% | 11.37% | 14.52% | 13.54% | 14.14% | 12.47% | 6.71% |
| 8 | 10 | 12 | 33 | 36 | 39 | 35 | 26 | 37 | 51 | 44 | 39 | 64 | |
| Interest | 11 | 12 | 16 | 15 | 19 | 20 | 24 | 25 | 27 | 16 | 16 | 15 | 21 |
| Depreciation | 5 | 6 | 5 | 6 | 6 | 6 | 7 | 7 | 7 | 8 | 8 | 9 | 9 |
| Profit before Tax | 32 | 31 | 33 | 65 | 59 | 86 | 53 | 78 | 69 | 90 | 93 | 100 | 101 |
| Tax % | 21.06% | 17.84% | 21.84% | 23.24% | 17.61% | 27.15% | 27.67% | 22.17% | 21.05% | 30.45% | 29.32% | 29.12% | 23.91% |
| Net Profit | 25 | 25 | 26 | 50 | 49 | 63 | 38 | 60 | 54 | 63 | 66 | 71 | 77 |
| 4.33 | 4.37 | 4.40 | 8.00 | 7.59 | 9.77 | 5.95 | 9.50 | 8.46 | 9.60 | 9.85 | 10.39 | 11.47 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 278 | 369 | 353 | 360 | 393 | 671 | 1,087 | 1,274 | 1,915 | 2,128 | 2,230 | |
| 256 | 331 | 317 | 319 | 355 | 580 | 920 | 1,101 | 1,659 | 1,837 | 1,970 | |
| Operating Profit | 22 | 38 | 36 | 41 | 38 | 92 | 166 | 173 | 257 | 291 | 260 |
| OPM % | 7.76% | 10.40% | 10.24% | 11.44% | 9.61% | 13.64% | 15.30% | 13.61% | 13.40% | 13.66% | 11.66% |
| 5 | 5 | 2 | 2 | 4 | 5 | 12 | 64 | 137 | 171 | 198 | |
| Interest | 13 | 16 | 20 | 24 | 24 | 26 | 36 | 56 | 91 | 76 | 68 |
| Depreciation | 4 | 5 | 5 | 6 | 10 | 12 | 18 | 21 | 27 | 33 | 35 |
| Profit before Tax | 9 | 22 | 13 | 13 | 9 | 58 | 125 | 161 | 275 | 353 | 385 |
| Tax % | 22.11% | 34.48% | 29.21% | 15.20% | 0.80% | 28.80% | 23.90% | 21.48% | 23.77% | 27.94% | 28.11% |
| Net Profit | 7 | 15 | 9 | 11 | 9 | 41 | 95 | 126 | 210 | 254 | 277 |
| EPS | 10.53 | 21.57 | 13.61 | 16.68 | 2.15 | 8.85 | 19.55 | 19.73 | 32.75 | 37.91 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 23%
- 5 Years:
- 40%
- 3 Years:
- 25%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 46%
- 5 Years:
- 97%
- 3 Years:
- 39%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 18%
- 1 Year:
- -51%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 13%
- 3 Years:
- 8%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 5 | 7 | 7 | 7 | 7 | 46 | 58 | 64 | 64 | 67 | |
| 65 | 78 | 87 | 98 | 131 | 156 | 900 | 2,364 | 2,577 | 4,431 | |
| 91 | 97 | 154 | 126 | 143 | 180 | 142 | 272 | 619 | 327 | |
| Trade Payables | 76 | 97 | 89 | 91 | 88 | 156 | 215 | 189 | 506 | 514 |
| 26 | 26 | 23 | 38 | 36 | 71 | 112 | 135 | 232 | 314 | |
| Total Liabilities | 263 | 304 | 360 | 360 | 406 | 609 | 1,427 | 3,024 | 3,998 | 5,653 |
| 48 | 45 | 49 | 54 | 67 | 107 | 119 | 199 | 237 | 331 | |
| Capital Work in Progress | 0 | 1 | 2 | 9 | 1 | 4 | 11 | 8 | 27 | 6 |
| 3 | 3 | 4 | 3 | 3 | 3 | 4 | 174 | 294 | 529 | |
| 80 | 85 | 120 | 144 | 153 | 217 | 402 | 473 | 616 | 738 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 126 | 497 | 362 | |
| Cash & Bank | 8 | 8 | 32 | 12 | 13 | 20 | 479 | 1,515 | 1,013 | 656 |
| 124 | 162 | 153 | 138 | 169 | 259 | 411 | 528 | 1,315 | 3,032 | |
| Total Assets | 263 | 304 | 360 | 360 | 406 | 609 | 1,427 | 3,024 | 3,998 | 5,653 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 30 | 12 | 2 | 35 | 17 | 17 | -5 | -78 | 65 | 247 | |
| Cash from Investing | -9 | -1 | -10 | -19 | -19 | -37 | -480 | -1,327 | -322 | -1,437 |
| Cash from Financing | -21 | -8 | 39 | -36 | 8 | 26 | 550 | 1,395 | 259 | 1,211 |
| -2 | 0 | 24 | -22 | 2 | 3 | 18 | -10 | 2 | 21 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-22 - Kaynes Technology India Limited has informed the Exchange regarding a press release dated August 22, 2026, titled "BOSGAME enters India with Kaynes Technology; companies sign strategic MoU to build a strong computing presence in India".
2026-08-21 - Kaynes Technology India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-20 - Kaynes Technology India Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 17, 2026
2026-08-12 - Monitoring Agency Report for the Quarter ended June FY 27
2026-08-12 - Kaynes Technology India Limited has informed the Exchange about Transcript
2026-08-08 - Kaynes Technology India Limited has informed the Exchange about Link of Recording
2026-08-08 - Kaynes Technology India Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-07 - Kaynes Technology India Limited has informed the Exchange regarding 'Corrigendum to the consolidated financial results for the year ended 31, March 2026'.
2026-08-07 - Kaynes Technology India Limited has informed the Exchange about Investor Presentation
News
Recent coverage and analyst commentary for KAYNES
Loading news…
AI Stock Analyst
Kaynes Technology India Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account