Kaynes Technology India share price
NSE: KAYNESBSE: 543664Industrial ManufacturingSmall Cap
Kaynes Technology India Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Nov 2022 · Issue price ₹587
Last close ₹3,131.00down ₹56.50 (1.77%)BSE ₹3,139.00
Share price at the NSE close on 30 Oct 2026. Previous close ₹3,187.50.
30 Oct: open ₹3,197.00, high ₹3,197.00, low ₹3,131.00
52-week range of traded prices to 30 Oct 2026
₹2,995.00Low, 20 May 2026₹6,917.50High, 30 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹21,047 Cr310th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 60.90
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.43
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 9.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 8.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.18
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 3,52,95231.9% delivered
About Kaynes Technology India
Kaynes Technology India Limited is a Mysuru-based electronics manufacturer that designs, engineers, makes and supports electronic systems for other companies.1 Its customers are global original equipment manufacturers (OEMs, the companies that sell the finished product) in automotive, industrial and electric vehicles, railways, medical, aerospace and defence, and consumer electronics.2
Kaynes is moving from contract electronics assembly towards an integrated model that adds semiconductor assembly and testing (OSAT) and high-density printed circuit board (PCB) making.3 It offers OEM turnkey manufacturing, ODM design services (from concept to prototype and validation), and embedded design and IoT (internet-connected device) solutions.4 Its product lines include box builds, smart meters and wire harnesses, and it is adding bare PCBs through its unit Kaynes Circuits.56 Smart meters and their software come from its subsidiary GridCrest, and chip assembly and testing from its wholly owned subsidiary Kaynes Semicon at Sanand, Gujarat.78
Its manufacturing footprint in India includes Mysuru, Bengaluru, Manesar, Chennai, Hyderabad, Chamarajanagara, Pune and Sanand.9 Abroad, it has manufacturing units at August Electronics in Canada and Digicom in the USA, and a 61% stake in Sensonic GmbH of Austria, a rail technology company.106 It was incorporated on 28 March 2008, and its shares began trading on the stock exchanges on 22 November 2022.1112
Kaynes is not a subsidiary of any other company, and its promoter and promoter group held 53.4627% of its shares on 31 March 2026.1314 Savitha Ramesh is executive chairperson; Muthukumar Narayanaswamy became managing director on 24 September 2025, when Ramesh Kunhikannan became executive vice-chairman.15
Kaynes Technology India key points
Results
- In the quarter to Jun 2026, consolidated revenue rose 40% to ₹9,460 million from ₹6,735 million a year earlier.1617
- In the quarter to Jun 2026, EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹1,476 million at a 15.6% margin, against ₹1,130 million at 16.8%, and net profit ₹564 million at 6.0%, against ₹746 million at 11.1%.1819
- In the year to Mar 2026, consolidated revenue rose about 33% to ₹36,264 million, operational EBITDA 40% to ₹5,741 million at a 15.8% margin against 15.1%, and profit after tax 24% to ₹3,639 million.2021
- Consolidated operating cash flow was negative ₹6,004 million in the year to Mar 2026, against negative ₹823 million a year earlier, which the company puts down largely to higher working capital and longer receivables in metering.22
Revenue mix
Where revenue comes from
- Consolidated revenue by customer location2526
Item year to Mar 2026 year to Mar 2025 In India ₹32,752.70 million ₹25,202.12 million Outside India ₹3,510.84 million ₹2,015.40 million - August Electronics in Canada generated ₹2,055 million of revenue in the year to Mar 2026, serving manufacturers in energy, industrial and medical markets.27
Plants and capacity
- The group runs 26 SMT (surface-mount) lines, 70 THD (through-hole) lines and 26 cable harness lines, on more than 800,000 square feet of shop floor.2829
- The Sanand OSAT (chip assembly and testing) plant is a ₹33,070 million investment engineered for a throughput of 6.3 million chips a day, with a 50% central and a 20% state capital subsidy secured on ₹26,150 million of qualifying spending.30
- The company stated in its annual report for the year to Mar 2026 that the Sanand OSAT plant's focus has shifted to full throughput and that it expects commercial production to begin in the year to Mar 2027.31
- The company said it expects its ₹14,000 million first-phase HDI PCB (high-density interconnect circuit board) plant in Chennai, for boards of up to 74 layers, to begin commercial production in the quarter to Dec 2026.323334
Order book
- The order book (orders received but not yet delivered) was ₹89,038 million at the end of June 2026, against ₹74,011 million a year earlier.35
- The company stated in its annual report for the year to Mar 2026 that it expects its order book of ₹83,663 million at 31 Mar 2026 to convert to revenue within 18 to 24 months.36
Customers and partners
- Kaynes serves more than 500 customers in more than 30 countries.37
- The Sanand OSAT plant delivered what the company calls India's first commercially made multi-chip module (several chips in one package), IPM5, with Alpha & Omega Semiconductor (AOS) and Mitsui; its anchor clients include AOS, Infineon and L&T Semiconductor.38
- In automotive, Kaynes is a direct Tier 1 supplier (selling straight to the vehicle maker) to 10 manufacturers, and counts one of the world's top 10 Tier 1 suppliers as a client.39
- The smart-meter subsidiary GridCrest has deployed meter-to-cash software (from meter reading to billing) for about 2.50 million smart meters across Gujarat, Kerala, West Bengal, Nagaland and Madhya Pradesh.40
What the company expects
- The company stated in its annual report for the year to Mar 2026 that it aims to reach ₹100,000 million in revenue by 2030 from its electronics manufacturing services (EMS), OSAT and HDI PCB businesses.41
- The company said in its annual report for the year to Mar 2026 that it expects OSAT to bring 30% of group revenue within the next 4 to 5 years.42
- The company said it targets a cash conversion cycle (days from paying suppliers to collecting from customers) of 100 days by Mar 2028; the cycle was 125 days in the year to Mar 2026, against 87 days a year earlier.43
- The company said in its annual report for the year to Mar 2026 that it expects railways, led by the Kavach train-safety programme, to grow to about 10 to 12% of consolidated revenue.44
Recent events
- On 31 Mar 2026, the company announced that Prime Minister Narendra Modi had inaugurated the Kaynes Semicon plant at Sanand GIDC, Ahmedabad.45
- On 12 Mar 2026, Crisil reaffirmed its A/Stable credit rating (its view of the ability to repay debt; Stable is its outlook) on ₹770 crore of bank loans and removed the rating watch it had placed on 15 Dec 2025.4647
- On 23 Jan 2026, India Ratings and Research assigned its IND A-/Stable/IND A1 rating to the company's bank loans.48
Last updated
All 48 sources, each with its page
- 1. Annual report, 6 Oct 2026, page 9
- 2. Annual report, 6 Oct 2026, page 46
- 3. Annual report, 6 Oct 2026, page 8
- 4. Annual report, 6 Oct 2026, page 46
- 5. Investor presentation, 7 Aug 2026, page 12
- 6. Investor presentation, 7 Aug 2026, page 10
- 7. Annual report, 6 Oct 2026, page 22
- 8. Annual report, 6 Oct 2026, page 20
- 9. Annual report, 6 Oct 2026, page 46
- 10. Annual report, 6 Oct 2026, page 6
- 11. Annual report, 6 Oct 2026, page 113
- 12. Annual report, 6 Oct 2026, page 105
- 13. Annual report, 6 Oct 2026, page 59
- 14. Annual report, 6 Oct 2026, page 101
- 15. Annual report, 6 Oct 2026, page 51
- 16. Investor presentation, 7 Aug 2026, page 22
- 17. Investor presentation, 7 Aug 2026, page 18
- 18. Investor presentation, 7 Aug 2026, page 22
- 19. Investor presentation, 7 Aug 2026, page 22
- 20. Annual report, 6 Oct 2026, page 47
- 21. Annual report, 6 Oct 2026, page 15
- 22. Annual report, 6 Oct 2026, page 7
- 23. Annual report, 6 Oct 2026, page 46
- 24. Annual report, 6 Oct 2026, page 10
- 25. Annual report, 6 Oct 2026, page 279
- 26. Annual report, 6 Oct 2026, page 279
- 27. Annual report, 6 Oct 2026, page 15
- 28. Investor presentation, 7 Aug 2026, page 10
- 29. Investor presentation, 7 Aug 2026, page 9
- 30. Annual report, 6 Oct 2026, page 20
- 31. Annual report, 6 Oct 2026, page 5
- 32. Annual report, 6 Oct 2026, page 18
- 33. Annual report, 6 Oct 2026, page 26
- 34. Annual report, 6 Oct 2026, page 21
- 35. Investor presentation, 7 Aug 2026, page 18
- 36. Annual report, 6 Oct 2026, page 5
- 37. Investor presentation, 7 Aug 2026, page 9
- 38. Annual report, 6 Oct 2026, page 18
- 39. Annual report, 6 Oct 2026, page 19
- 40. Annual report, 6 Oct 2026, page 22
- 41. Annual report, 6 Oct 2026, page 3
- 42. Annual report, 6 Oct 2026, page 20
- 43. Annual report, 6 Oct 2026, page 7
- 44. Annual report, 6 Oct 2026, page 47
- 45. Exchange filing, 31 Mar 2026, page 1
- 46. Exchange filing, 13 Mar 2026, page 1
- 47. Exchange filing, 15 Dec 2025, page 1
- 48. Exchange filing, 24 Jan 2026, page 1
Results
Consolidated; ₹ crore.Kaynes Technology India quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +34.9%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +8.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹946 Crdown 23.87%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹56 Crdown 38.15%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.0%
Revenue by quarter
Peak revenue ₹1,243 Cr, quarter to Mar 2026; lowest ₹572 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 572 | 661 | 984 | 673 | 906 | 804 | 1,243 | 946 |
| Net profit | 60 | 66 | 116 | 75 | 121 | 77 | 91 | 56 |
| Net margin | 10.5% | 10.1% | 11.8% | 11.1% | 13.4% | 9.5% | 7.3% | 6.0% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,626 Crup 33.24%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹364 Crup 24.01%
- Net margin
- 10.0%
Revenue by year
Peak revenue ₹3,626 Cr, year to Mar 2026; lowest ₹1,126 Cr, year to Mar 2023
Net profit by year, a loss in red
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 1,126 | 1,805 | 2,722 | 3,626 |
| Net profit | 95 | 183 | 293 | 364 |
| Net margin | 8.5% | 10.1% | 10.8% | 10.0% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Electronics Manufaturing Services, which carries all its revenue.
Valuation
Today, against the company's own history. Dividend yield is not shown: no dividend in the years on record.Kaynes Technology India PE ratio and valuation
Price to earnings
At or below today's level on 7% of 682 trading days since Jan 2024.
LowestHighest
Its median114.27Industry median27.08
Price to book
At or below today's level on 2% of 617 trading days over the last 3 years.
LowestHighest
Its median11.69Industry median2.54
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −27.8% | +19.7% | −39.7% | 0.0% |
| 3 years | +52.7% | +49.6% | +2.1% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
100 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 53 of the 61 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 100 funds holding Kaynes Technology India
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 4
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 20
- CutCut. Funds that held fewer shares than at the end of the month before.
- 41
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 33
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 4
| Fund | |||
|---|---|---|---|
 HDFC Balanced Advantage FundHDFC Mutual Fund | 11,48,036 | 0.39% | ₹401.9 Cr |
 Axis Small Cap FundAxis Mutual Fund | 6,08,723 | 0.69% | ₹213.1 Cr |
| HDFC Large & Mid Cap FundHDFC Mutual Fund | 5,84,903 | 0.72% | ₹204.8 Cr |
 Nippon India Value FundNippon India Mutual Fund | 5,10,514 | 2.11% | ₹178.7 Cr |
| Nippon India Small Cap FundNippon India Mutual Fund | 4,79,269 | 0.21% | ₹167.8 Cr |
| HDFC Manufacturing fundHDFC Mutual Fund | 4,10,000 | 1.40% | ₹143.5 Cr |
| Nippon India Multi Cap FundNippon India Mutual Fund | 4,09,050 | 0.27% | ₹143.2 Cr |
| Nippon India Flexi Cap FundNippon India Mutual Fund | 3,53,446 | 1.34% | ₹123.7 Cr |
| Nippon India Power & Infra FundNippon India Mutual Fund | 3,20,113 | 1.42% | ₹112.1 Cr |
 ICICI Prudential Small Cap FundICICI Prudential Mutual Fund | 3,17,131 | 1.13% | ₹111.0 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 31 Oct 2025.Kaynes Technology India insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Kaynes Technology India competitors and peers
Industrial Products, 191 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to Kaynes Technology India in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Aditya InfotechCPPLUS | 46,739 | 97.72 | 24.90 | – | – | 25.5% | 32.7% | 0.04% |
 Syrma SGS TechnologySYRMA | 31,406 | 74.49 | 10.33 | +62.4% | +83.0% | 14.4% | 14.9% | 0.09% |
 Zetwerk Manufacturing BusinessesZETWERK | 27,623 | – | – | – | – | – | – | 0.00% |
 Honeywell Automation IndiaHONAUT | 26,074 | 46.12 | 5.59 | +5.3% | +9.5% | 12.8% | 13.0% | 0.37% |
 Jyoti CNC AutomationJYOTICNC | 20,595 | 64.02 | 10.29 | +17.4% | −4.4% | 17.4% | 16.9% | 0.00% |
 LMWLMW | 16,977 | 82.78 | 5.59 | +19.4% | +71.6% | 7.0% | 5.1% | 0.22% |
 Lloyds Engineering WorksLLOYDSENGG | 12,892 | – | 7.72 | – | – | – | 11.8% | 0.30% |
 Tega IndustriesTEGA | 12,726 | 602.30 | 3.74 | +84.9% | −89.4% | 0.9% | 2.3% | 0.12% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Kaynes Technology India announcements
Sep 2026
18 Sep · Analysts
17 Sep · Meeting
Aug 2026
12 Aug · Business
Kaynes Technology India share price by year
Each calendar year to 2025.Kaynes Technology India share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,013.00 | −45.9% | 7,597.55 | 3,807.00 |
| 2024 | 7,417.30 | +184.1% | 7,417.30 | 2,449.75 |
| 2023 | 2,610.55 | +247.6% | 2,745.45 | 738.35 |
| 2022 | 750.95 | – | 759.55 | 680.25 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 22 Nov 2022.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 29 Oct 2026 | 3,142.90 | 3,221.00 | 3,142.00 | 3,187.50 | 3,193.16 | 6,46,534 | 24.7% |
| 28 Oct 2026 | 3,311.90 | 3,348.40 | 3,112.00 | 3,140.00 | 3,185.70 | 24,40,816 | 23.2% |
| 27 Oct 2026 | 3,304.00 | 3,557.00 | 3,253.40 | 3,350.40 | 3,347.19 | 15,44,529 | 26.0% |
| 26 Oct 2026 | 3,187.90 | 3,318.70 | 3,140.10 | 3,306.80 | 3,255.28 | 6,21,639 | 28.8% |
| 23 Oct 2026 | 3,275.00 | 3,282.20 | 3,158.00 | 3,187.90 | 3,203.54 | 6,32,315 | 22.0% |
| 22 Oct 2026 | 3,155.00 | 3,307.70 | 3,130.00 | 3,294.00 | 3,256.79 | 10,44,388 | 18.1% |
| 21 Oct 2026 | 3,253.30 | 3,267.00 | 3,146.30 | 3,165.10 | 3,193.54 | 4,13,345 | 28.7% |
| 19 Oct 2026 | 3,281.20 | 3,290.90 | 3,236.80 | 3,250.00 | 3,257.85 | 2,69,611 | 27.3% |
| 16 Oct 2026 | 3,275.00 | 3,328.90 | 3,243.00 | 3,281.00 | 3,284.10 | 4,27,175 | 20.6% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 14 May 2026 | Price move | – | Between two trading sessions the price moved by a fifth or more. The company's board met on results that day or since the trading day before. Not adjusted for. |
Each event is noted and not adjusted for.
Company details
- NSE symbol
- KAYNES
- BSE code
- 543664
- ISIN
- INE918Z01012
- Industry
- Industrial Manufacturing
- Website
- www.kaynestechnology.co.in
- CIN
- L29128KA2008PLC045825
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2008
- Registered office
- 23-25, Belagola, Food Industrial Estate, Metagalli P.O, Mysuru 570016, Karnataka
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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