Kaynes Technology

    KAYNES
    Infra
    ₹3,187.90
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹21,430 Cr

    P/E
    59.72
    Day range
    ₹3,158.00 – ₹3,282.20
    52-week range
    ₹2,995.00 – ₹6,998.00
    Volume
    6.30 L
    Open
    ₹3,275.00
    Prev close
    ₹3,294.00

    Latest results · Q1 FY27(consolidated)Revenue ₹946 Cr+40.5%Profit ₹56 Cr-24.4%Margin 6.0%YoY vs the same quarter last year

    1 red flag to read up on

    • medium

      In the F&O ban period

      Open interest crossed 95% of the market-wide limit; no fresh derivative positions · 26 Oct 2026

    From NSE and BSE filings. A flag is a reason to read the filing, not a rating.

    KAYNES in NSE indices and F&O

    F&O margin for one lot of KAYNES (150 shares)

    Research profile

    Composite 26 / 100

    Factor percentiles

    Value25
    Quality42
    Momentum31
    Low volatility6

    Derived metrics

    Earn. yield
    1.7%
    Graham no.
    ₹907.23
    vs Graham
    -71.5%
    ROE ÷ P/B
    2.1%
    12-1 mom.
    -50.0%
    Return / vol
    -1.01
    Magic Formula
    #524
    FCF yield
    -8.6%

    Appears in 5 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 188 in Infra
    Largest Infra companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Larsen & ToubroLT₹5.02 L Cr30.254.5918.3%15.0%12.0%1.15+6.7%
    Adani PortsADANIPORTS₹3.92 L Cr29.064.2116.2%14.0%58.0%0.66+18.6%
    Adani EnterprisesADANIENT₹3.35 L Cr39.934.0715.2%6.0%15.0%1.32+49.9%
    UltraTech CementULTRACEMCO₹3.25 L Cr38.094.4311.1%13.0%16.0%0.40+18.8%
    Grasim IndustriesGRASIM₹1.96 L Cr34.511.9010.2%8.0%23.0%2.20+21.4%
    InterGlobe AviationINDIGO₹1.76 L Cr19.6325.56-29.3%5.0%13.0%11.15+19.9%
    DLFDLF₹1.63 L Cr35.633.6010.0%6.0%1.8%0.01-23.3%
    Kaynes TechnologyKAYNES₹21,430 Cr59.724.509.6%13.0%16.0%0.19+40.6%
    Sector median₹12,817 Cr32.004.3415.0%17.0%15.0%0.18+19.8%

    Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 4d ago

    Headlines about Kaynes Technology from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    61.7
    EPS (TTM)
    ₹51.03
    Price / Book
    4.50
    ROE (FY26)
    9.6%
    ROCE (latest year)
    13%
    Dividend yield
    0.00%

    Moving averages (NSE)

    20-day
    ₹3,355.79
    Price below
    50-day
    ₹3,542.35
    Price below
    200-day
    ₹3,601.68
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +47.7%
    Profit 3Y CAGR
    +56.5%
    Revenue YoY (Jun 2026)
    +40.6%
    Profit YoY (Jun 2026)
    -25.3%
    Operating margin
    16.0%
    Net margin
    5.9%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr500 Cr1K Cr1.5K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%9%18%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • Public
    • DII
    • FII

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-2K Cr-1K Cr0 Cr1K Cr2K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY20FY21FY22FY23FY24FY25FY260%10%20%30%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr2K Cr4K Cr6K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 20260x1x2x

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales3615096375045726619846739068041,243946
    Expenses3124395424374905678175607586851,049798
    Operating Profit497095678294168113148119194148
    OPM %14%14%15%13%14%14%17%17%16%15%16%16%
    Other Income9929283425202743424214
    Interest121515232227292823254137
    Depreciation7678911171617205437
    Profit before tax39581026485811429615211614088
    Tax %18%23%20%21%29%18%18%22%20%34%35%36%
    Net Profit32458151606611675121779156
    EPS in Rs₹5.56₹7.07₹12.71₹7.94₹9.41₹10.38₹18.15₹11.14₹18.11₹11.43₹13.61₹8.42

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days154

    +48 days since Mar 2021

    Inventory Days169

    -40 days since Mar 2021

    Days Payable131

    +9 days since Mar 2021

    Cash Conversion Cycle193

    0 days since Mar 2021

    Working Capital Days133

    +83 days since Mar 2021

    Strengths, risks & growth

    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]

    Strengths

    • Company is expected to give good quarter
    • Company has delivered good profit growth of 104% CAGR over last 5 years

    Risks

    • Stock is trading at 4.50 times its book value
    • Though the company is reporting repeated profits, it is not paying out dividend
    • Company has a low return on equity of 9.70% over last 3 years.
    • Company has high debtors of 154 days.
    • Promoter holding has decreased over last 3 years: -10.3%
    • Working capital days have increased from 63.6 days to 133 days

    Compounded Sales Growth

    10 Years
    —
    5 Years
    +54%
    3 Years
    +48%
    TTM
    +35%

    Compounded Profit Growth

    10 Years
    —
    5 Years
    +104%
    3 Years
    +51%
    TTM
    +9%

    Stock Price CAGR

    10 Years
    —
    5 Years
    —
    3 Years
    +11%
    1 Year
    -52%

    Return on Equity

    10 Years
    —
    5 Years
    +10%
    3 Years
    +10%
    Last Year
    +9%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter53.46%53.46%53.46%53.31%-0.15 pp
    FII8.87%7.28%5.82%6.08%+0.26 pp
    DII16.73%15.13%11.78%12.47%+0.69 pp
    Public20.93%24.12%28.93%28.13%-0.80 pp

    Filed with NSE for Sept 2026: promoters 53.31%, public 46.69% · XBRL filing

    Analysts & fund holdings

    33%
    33% recommend buy
    15 analysts cover the stock
    Valuation vs Electrical Equipment
    P/E59.7 vs 41.1
    Sector P/B5.66
    Beta1.38

    Who holds the shares, quarter by quarter

    Mutual funds 10.39% (-0.11 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters53.3%
    • Foreign institutions6.1%
    • Mutual funds10.4%
    • Insurance0.8%
    • Other domestic institutions1.3%
    • Retail21.9%
    • Others6.2%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    HDFC Balanced Advantage Fund1.82%0.39%+0.06 pp
    Axis Small Cap Fund0.97%0.69%+0.05 pp
    HDFC Large & Mid Cap Fund0.93%0.72%+0.09 pp
    Nippon India Value Fund0.81%2.11%+1.09 pp
    Nippon India Small Cap Fund0.78%0.21%+0.03 pp

    Scorecard

    Performance
    Low
    Valuation
    High
    Growth
    Avg
    Profitability
    Avg
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    53.4%
    Downside volatility
    57.7%
    Worst 5% of days
    5.3%
    Average of that tail
    8.8%
    Max drawdown (1Y)
    60.5%
    Below its peak
    58.0%

    Against the market

    Beta vs Nifty 50
    1.49
    Correlation
    0.37
    Relative strength (3M)
    +3.7%
    ATR (14)
    3.8%

    Return

    Return 1M
    -7.7%
    Return 3M
    -1.6%
    Return 6M
    -28.5%
    Return 1Y
    -53.9%
    vs 200-day average
    -11.5%

    Momentum

    RSI (14)
    39.0
    MACD histogram
    -3.95
    Stochastic %K
    16.8
    ADX (14)
    23.5
    +DI / −DI
    13.2 / 22.8
    Money flow index
    26.8

    Participation

    Delivery (20d avg)
    23.6%
    vs its 60-day baseline
    -0.7 pts
    Volume vs 20-day
    -0.4σ
    Close vs day's VWAP
    -0.5%
    52-week position
    4 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    No F-Score: it needs two reporting periods a year apart that carry both an income statement and a balance sheet, and this company's filings do not yet line up that way. The ratios below need only the one period and are unaffected.

    Free cash flow
    -₹1,841 Cr
    FCF yield
    -8.6%
    Cash conversion
    -1.65
    Accruals ratio
    0.140
    Net debt
    ₹803 Cr
    Net debt / equity
    0.17
    EV / sales
    5.70
    Capex intensity
    34.2%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • other
      Not available — not reported in this filing

      Annual General Meeting

      8 Sept 2023
      ex-date

    Company announcements

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under regulation 74(5) of SEBI (DP) Regulations

    Insider Trading / SAST
    Closure of Trading Window

    Closure of trading window for Q2 2026-27

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    Voting result and Scrutinizer report of 18th Annual General Meeting

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Analyst or Investor Meet

    AGM/EGMPrice-sensitive
    Shareholder Meeting / Postal Ballot-Outcome of AGM

    Proceedings of the 18th Annual General Meeting ("AGM") of the Members of Kaynes Technology India Limited ("the Company") was held on Thursday, September 17, 2026 at 16:00 (IST) through ....

    Company Update
    Announcement under Regulation 30 (LODR)-Press Release / Media Release

    BOSGAME enters India with Kaynes Technology; Companies sign strategic MoU to build a strong computing presence in India

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication

    Others
    Reg. 34 (1) Annual Report.

    Annual Report for FY 2025-26

    AGM/EGMPrice-sensitive
    18Th Annual General Meeting

    18th Annual General Meeting scheduled to be held on 17 September 2026

    Company Update
    Announcement under Regulation 30 (LODR)-Monitoring Agency Report

    Monitoring Agency Report for the Quarter Ended June FY 27

    Company Update
    Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Earnings Call Transcript for Q1 of FY 27

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    Postal Ballot- Voting results and Scrutinizer's Report

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    Analyst / Investor meet - Audio recordings

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper publication of Financial results of Quarter ended June 30, 2026

    Filed with BSE (scrip 543664); the last 45 days. Documents open at bseindia.com.

    SEBI filings & orders

    From SEBI's website. An order may concern the company, its officers or trading in its shares, and may be under appeal - read the order itself. Personal identifiers are withheld.

    Regulatory orders

    • Settlement order

      Settlement Order in matter of insider trading in the scrip of Kaynes Technology India Limited

      27 Mar 2026
      Read on SEBI

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 8 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Kaynes Technology: common questions

    Answered from the figures on this page.

    Kaynes Technology last traded at ₹3,187.90 (NSE, as of 25 Oct 2026). The last session moved it down 3.22%.

    Kaynes Technology is valued at about ₹21,430 crore (NSE, as of 25 Oct 2026).

    Kaynes Technology trades at a price-to-earnings ratio of 59.72 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Kaynes Technology has traded between ₹2,995.00 and ₹6,998.00 over the past 52 weeks, to 25 Oct 2026. It is currently 5% of the way up that range.

    Kaynes Technology (KAYNES) is classified under Infra on this site's screener.