Kaynes Technology India Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Low debt relative to equity (D/E 0.2x)
- ✓Near 52-week low — potential value zone (₹2,995)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| BEL Bharat Electronics Limited | ₹408 | ₹3.0L Cr | 49.2 | 12.44 | 27.6 | 36.5 | 0 |
| HAL Hindustan Aeronautics Limited | ₹4,216 | ₹2.9L Cr | 31.4 | 6.87 | 24 | 32 | 0 |
| CUMMINSIND Cummins India Limited | ₹5,776 | ₹1.6L Cr | 65.3 | 18.88 | 30.2 | 39.5 | 0 |
| ABB ABB India Limited | ₹7,160 | ₹1.5L Cr | 99.4 | 19.35 | 22.4 | 29.9 | 0.01 |
| POLYCAB Polycab India Limited | ₹9,670 | ₹1.4L Cr | 53.7 | 12.12 | 24.5 | 34.3 | 0.02 |
| BHEL Bharat Heavy Electricals Limited | ₹387 | ₹1.4L Cr | 89.4 | 5.15 | 6.29 | 8.51 | 0.45 |
| CGPOWER CG Power and Industrial Solutions Limited | ₹938 | ₹1.4L Cr | 116 | 18.54 | 20.8 | 27 | 0.02 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
KAYNES · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 57.83% | 57.83% | 57.83% | 57.75% | 57.75% | 57.75% |
| FII | 12.71% | 14.19% | 14.27% | 14.92% | 14.84% | 11.17% |
| DII | 19.04% | 18.36% | 17.88% | 16.07% | 15.04% | 16.98% |
| Public | 10.41% | 9.61% | 10.03% | 11.25% | 12.37% | 14.10% |
Corporate Events
To consider and approve the financial results for the period ended March 31, 2026
Annual General Meeting
Latest News
All news →Kaynes Tech independent director to resign by 2026
*Kaynes Tech independent director to resign by 2026.* An independent director at Kaynes Technology will step down effective May 31, 2026. The resignation is planned and not due to any dispute or operational issue. Corporate governance updates like this are routine and unlikely to affect stock performance. 📊 *STOCKS:* KAYNES | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #DirectorResignation
Kaynes Tech faces performance concerns amid market scrutiny
*Kaynes Tech faces performance concerns amid market scrutiny* — Recent analysis highlights weakening operational trends and margin pressures at Kaynes Technology. The stock, trading at **₹3,245**, shows signs of overvaluation with a high P/E of **58x** versus sector average of **40x**. Analysts warn of potential downside if execution falters in key IoT and EV projects. 📊 *STOCKS:* KAYNES | 🏢 *SECTOR:* Trading | #MEDIUMIMPACT #Performance
Analysts grow bearish on Kaynes Technology stock
*Analysts grow bearish on Kaynes Technology stock* following recent sentiment shifts. Multiple brokerages have revised their outlook, citing valuation concerns and margin pressures. The average target price has been trimmed by **8–12%** over the past month. Investor sentiment remains cautious ahead of upcoming quarterly results. 📊 *STOCKS:* KAYNES | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #AnalystSentiment
Kaynes Tech misses FY26 guidance, Nuvama downgrades stock
*Kaynes Tech misses even its lowered FY26 guidance.* Nuvama has downgraded the stock to 'Reduce' with a revised target price of **₹4,000**, citing execution delays and margin pressures. Revenue growth and order ramp-up are trailing expectations despite strong order book visibility. 📊 *STOCKS:* $KAYNES | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #BrokerDowngrade
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹804 Cr ▼11.3% | ₹906 Cr ▲34.6% | ₹673 Cr ▼31.6% | ₹984 Cr ▲48.9% | ₹661 Cr ▲15.6% | ₹572 Cr ▲13.5% | ₹504 Cr ▼20.9% | ₹637 Cr |
| Op. Profit | ₹119 Cr ▼19.6% | ₹148 Cr ▲31.0% | ₹113 Cr ▼32.7% | ₹168 Cr ▲78.7% | ₹94 Cr ▲14.6% | ₹82 Cr ▲22.4% | ₹67 Cr ▼29.5% | ₹95 Cr |
| OPM | 15.0% ▼6.3% | 16.0% ▼5.9% | 17.0% ▲0.0% | 17.0% ▲21.4% | 14.0% ▲0.0% | 14.0% ▲7.7% | 13.0% ▼13.3% | 15.0% |
| Net Profit | ₹77 Cr ▼36.4% | ₹121 Cr ▲61.3% | ₹75 Cr ▼35.3% | ₹116 Cr ▲75.8% | ₹66 Cr ▲10.0% | ₹60 Cr ▲17.6% | ₹51 Cr ▼37.0% | ₹81 Cr |
| EPS (₹) | 11.43 ▼36.9% | 18.11 ▲62.6% | 11.14 ▼38.6% | 18.15 ▲74.9% | 10.38 ▲10.3% | 9.41 ▲18.5% | 7.94 ▼37.5% | 12.71 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3.6K Cr ▲33.2% | ₹2.7K Cr ▲50.8% | ₹1.8K Cr ▲60.3% | ₹1.1K Cr ▲59.5% | ₹706 Cr ▲68.1% | ₹420 Cr ▲14.1% | ₹368 Cr ▲1.1% | ₹364 Cr |
| Expenses | ₹3.1K Cr ▲32.4% | ₹2.3K Cr ▲48.9% | ₹1.5K Cr ▲61.9% | ₹956 Cr ▲56.5% | ₹611 Cr ▲61.6% | ₹378 Cr ▲16.3% | ₹325 Cr ▼0.9% | ₹328 Cr |
| Op. Profit | ₹574 Cr ▲38.0% | ₹416 Cr ▲61.9% | ₹257 Cr ▲51.2% | ₹170 Cr ▲78.9% | ₹95 Cr ▲126.2% | ₹42 Cr ▼2.3% | ₹43 Cr ▲19.4% | ₹36 Cr |
| OPM | 16.0% ▲6.7% | 15.0% ▲7.1% | 14.0% ▼6.7% | 15.0% ▲15.4% | 13.0% ▲30.0% | 10.0% ▼16.7% | 12.0% ▲20.0% | 10.0% |
| Other Income | ₹154 Cr ▲45.3% | ₹106 Cr ▲89.3% | ₹56 Cr ▲409.1% | ₹11 Cr ▲175.0% | ₹4 Cr ▲0.0% | ₹4 Cr ▲300.0% | ₹1 Cr ▼50.0% | ₹2 Cr |
| Interest | ₹117 Cr ▲10.4% | ₹106 Cr ▲89.3% | ₹56 Cr ▲55.6% | ₹36 Cr ▲33.3% | ₹27 Cr ▲8.0% | ₹25 Cr ▲0.0% | ₹25 Cr ▲25.0% | ₹20 Cr |
| Depreciation | ₹107 Cr ▲137.8% | ₹45 Cr ▲80.0% | ₹25 Cr ▲31.6% | ₹19 Cr ▲46.2% | ₹13 Cr ▲30.0% | ₹10 Cr ▲25.0% | ₹8 Cr ▲60.0% | ₹5 Cr |
| PBT | ₹504 Cr ▲35.5% | ₹372 Cr ▲60.3% | ₹232 Cr ▲84.1% | ₹126 Cr ▲113.6% | ₹59 Cr ▲436.4% | ₹11 Cr ▲0.0% | ₹11 Cr ▼21.4% | ₹14 Cr |
| Tax % | 28.0% ▲33.3% | 21.0% ▲0.0% | 21.0% ▼12.5% | 24.0% ▼17.2% | 29.0% ▲190.0% | 10.0% ▼41.2% | 17.0% ▼39.3% | 28.0% |
| Net Profit | ₹364 Cr ▲24.2% | ₹293 Cr ▲60.1% | ₹183 Cr ▲92.6% | ₹95 Cr ▲126.2% | ₹42 Cr ▲320.0% | ₹10 Cr ▲11.1% | ₹9 Cr ▼10.0% | ₹10 Cr |
| EPS (₹) | 54.28 ▲18.4% | 45.84 ▲59.8% | 28.68 ▲75.2% | 16.37 ▲81.3% | 9.03 ▼34.5% | 13.79 ▼1.1% | 13.94 ▼2.2% | 14.26 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Liabilities | |||||||||
| Equity Capital | ₹67 Cr ▲0.0% | ₹67 Cr ▲4.7% | ₹64 Cr ▲0.0% | ₹64 Cr ▲10.3% | ₹58 Cr ▲26.1% | ₹46 Cr ▲557.1% | ₹7 Cr ▲0.0% | ₹7 Cr ▲0.0% | ₹7 Cr |
| Reserves | ₹4.7K Cr ▲1.5% | ₹4.6K Cr ▲66.2% | ₹2.8K Cr ▲14.6% | ₹2.4K Cr ▲168.9% | ₹901 Cr ▲477.6% | ₹156 Cr ▲18.2% | ₹132 Cr ▲37.5% | ₹96 Cr ▲11.6% | ₹86 Cr |
| Borrowings | ₹913 Cr ▲3.2% | ₹885 Cr ▼2.0% | ₹903 Cr ▲179.6% | ₹323 Cr ▲108.4% | ₹155 Cr ▼18.0% | ₹189 Cr ▲27.7% | ₹148 Cr ▼3.3% | ₹153 Cr ▼1.9% | ₹156 Cr |
| Other Liabilities | ₹1.2K Cr ▲5.7% | ₹1.2K Cr ▲30.0% | ₹898 Cr ▲96.9% | ₹456 Cr ▲50.0% | ₹304 Cr ▲31.6% | ₹231 Cr ▲75.0% | ₹132 Cr ▲8.2% | ₹122 Cr ▲6.1% | ₹115 Cr |
| Total Liabilities | ₹6.9K Cr ▲2.4% | ₹6.7K Cr ▲45.1% | ₹4.6K Cr ▲42.1% | ₹3.3K Cr ▲130.3% | ₹1.4K Cr ▲128.0% | ₹622 Cr ▲48.4% | ₹419 Cr ▲10.8% | ₹378 Cr ▲4.1% | ₹363 Cr |
| Assets | |||||||||
| Fixed Assets | ₹1.7K Cr ▲4.7% | ₹1.7K Cr ▲95.9% | ₹845 Cr ▲164.9% | ₹319 Cr ▲141.7% | ₹132 Cr ▲16.8% | ₹113 Cr ▲41.3% | ₹80 Cr ▲21.2% | ₹66 Cr ▲24.5% | ₹53 Cr |
| CWIP | ₹372 Cr ▼7.5% | ₹402 Cr ▲2.8% | ₹391 Cr ▲272.4% | ₹105 Cr ▲262.1% | ₹29 Cr ▲262.5% | ₹8 Cr ▼38.5% | ₹13 Cr ▲8.3% | ₹12 Cr ▲500.0% | ₹2 Cr |
| Investments | ₹257 Cr ▼39.5% | ₹425 Cr ▲222.0% | ₹132 Cr ▲0.0% | ₹132 Cr ▲4300.0% | ₹3 Cr ▲50.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲0.0% | ₹2 Cr ▲0.0% | ₹2 Cr |
| Other Assets | ₹4.5K Cr ▲6.6% | ₹4.3K Cr ▲29.9% | ₹3.3K Cr ▲20.8% | ₹2.7K Cr ▲116.0% | ₹1.3K Cr ▲151.3% | ₹499 Cr ▲53.5% | ₹325 Cr ▲8.7% | ₹299 Cr ▼2.3% | ₹306 Cr |
| Total Assets | ₹6.9K Cr ▲2.4% | ₹6.7K Cr ▲45.1% | ₹4.6K Cr ▲42.1% | ₹3.3K Cr ▲130.3% | ₹1.4K Cr ▲128.0% | ₹622 Cr ▲48.4% | ₹419 Cr ▲10.8% | ₹378 Cr ▲4.1% | ₹363 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹-600 Cr ▼631.7% | ₹-82 Cr ▼217.1% | ₹70 Cr ▲266.7% | ₹-42 Cr ▼300.0% | ₹21 Cr ▼25.0% | ₹28 Cr ▼37.8% | ₹45 Cr ▲662.5% | ₹-8 Cr |
| Investing CF | ₹-917 Cr ▼158.3% | ₹-355 Cr ▲76.4% | ₹-1.5K Cr ▼204.7% | ₹-494 Cr ▼997.8% | ₹-45 Cr ▼87.5% | ₹-24 Cr ▼140.0% | ₹-10 Cr ▲75.6% | ₹-41 Cr |
| Financing CF | ₹1.6K Cr ▲239.8% | ₹465 Cr ▼67.5% | ₹1.4K Cr ▲157.9% | ₹554 Cr ▲1951.9% | ₹27 Cr ▲2800.0% | ₹-1 Cr ▲97.1% | ₹-35 Cr ▼171.4% | ₹49 Cr |
| Net Cash Flow | ₹62 Cr ▲121.4% | ₹28 Cr ▲500.0% | ₹-7 Cr ▼136.8% | ₹19 Cr ▲375.0% | ₹4 Cr ▲100.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Free Cash Flow | ₹-1.8K Cr ▼78.6% | ₹-1.0K Cr ▼230.4% | ₹-312 Cr ▼212.0% | ₹-100 Cr ▼376.2% | ₹-21 Cr ▼800.0% | ₹3 Cr ▼78.6% | ₹14 Cr ▲177.8% | ₹-18 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 154d ▲100.0% | 77d ▲6.9% | 72d ▼2.7% | 74d ▼27.5% | 102d ▼3.8% | 106d ▲14.0% | 93d ▼24.4% | 123d |
| Inventory Days | 170d ▲9.0% | 156d ▲4.0% | 150d ▼21.5% | 191d ▲14.4% | 167d ▼20.1% | 209d ▼8.3% | 228d ▲23.9% | 184d |
| Days Payable | 131d ▲0.0% | 131d ▲32.3% | 99d ▼3.9% | 103d ▼14.9% | 121d ▼0.8% | 122d ▼12.2% | 139d ▲2.2% | 136d |
| Cash Conv. Cycle | 193d ▲89.2% | 102d ▼17.1% | 123d ▼24.1% | 162d ▲9.5% | 148d ▼23.3% | 193d ▲6.0% | 182d ▲6.4% | 171d |
| Working Capital Days | 133d ▲2000.0% | -7d ▼110.6% | 66d ▼38.3% | 107d ▲101.9% | 53d ▲6.0% | 50d ▲56.3% | 32d ▼15.8% | 38d |
| ROCE | 13.0% ▼7.1% | 14.0% ▼6.7% | 15.0% ▼31.8% | 22.0% ▼12.0% | 25.0% ▲92.3% | 13.0% ▼7.1% | 14.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Kaynes Technology India Limited
Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments.[1]
Capital Goods · Industrial Manufacturing