Skip to content

    Kaynes Tech

    Integrated electronics manufacturer (EMS, PCB, OSAT) serving auto, aerospace, rail, medical & industrial OEMs

    Capital Goods
    Industrials
    View KAYNES earnings calls
    ₹3,253.1
    -11.05% from avg

    Overview

    Price

    ₹3,253.1

    Market Cap

    ₹21.6k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    4

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital77465864646767
    Reserves961321569012.4k2.8k4.6k4.7k
    Borrowings153148189155323903885913
    Other Liabilities1221322313054568981.2k1.2k
    Total Liabilities3784196221.4k3.3k4.6k6.7k6.9k
    AssetsFixed Assets66801131323198451.7k1.7k
    CWIP1213829105391402372
    Investments2223132132425257
    Other Assets2993254991.3k2.7k3.3k4.3k4.5k
    Total Assets3784196221.4k3.3k4.6k6.7k6.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating-8452821-4288-82-600
    Cash from Investing-41-10-24-45-494-1.5k-355-917
    Cash from Financing49-35-1275541.4k4651.6k
    SummaryCapital Expenditure
    Free Cash Flow-18143-21-100-295-1.0k-1.8k
    FCF Margin

    Valuation

    Assumptions

    Current — KAYNES
    Price
    ₹3,253
    EPS (TTM)
    ₹54.29
    PE (TTM)
    59.9
    Profit growth
    56.5%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (108.9×) and current (59.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹3,253
    vs
    Fair value · 15% return
    ₹15,994
    392%Undervalued

    At 56.5% growth and a 60× exit, ₹3253 only delivers your return if you pay ₹15,994. The price is currently baking in 18% growth.

    EPS grows 56.5%/yr for 5 years, then fades to 6% over 2, exits at 60×.

    YearGrowthEPS (₹)
    FY2756.5%84.96
    FY2856.5%132.97
    FY2956.5%208.10
    FY3056.5%325.67
    FY3156.5%509.67
    FY3231.3% ·fade668.95
    FY336.0% ·fade709.08

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Kaynes Tech

    Guides on how to read this kind of business and the numbers that matter.