KAYNESCapital Goods

Kaynes Technology India Limited

Industrial Products · ISIN INE918Z01012 · BSE 543664 · NSE EQ · FV ₹10
Last price
₹3,520
+3.99%today
What this company does

Kaynes Technology India Limited operates in Industrial Products, part of the Capital Goods sector. It booked ₹946 cr of revenue in its latest quarter (Q1 FY27) and kept 6.0% of sales as profit. It is the 5th largest of 9 Industrial Products companies we track, by market value.

In the report:
36out of 100
Equitytale Health Score
Strained

Healthier than 36% of companies in Capital Goods, on all six measures of filed financials. Each measure is ranked against the 77–113 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
47

At close. Not part of the score.

Profitability & returns20

How much profit it earns on the money it employs

Balance sheet35

How much it owes, and whether earnings cover the interest

Cash quality1

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Growth & consistency59

Whether sales and profit have grown, and how steadily

Valuation35

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 40% vs last year
Promoters hold 53%
No promoter shares pledged
Watch-outs
! Thin 6.0% net margin
! Profit down 24% vs last year
! Low 4.8% return on equity
! Operating cash flow is negative

What if I invest in KAYNES?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,520 +3.99%
latest close · 2026-09-17
52-wk low ₹3,13142 sessions so far52-wk high ₹4,118
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio104.5High
LowAverageHigh
P/B ratio4.97High
Below bookModerateHigh
EV / EBITDA37.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity4.8%Weak
WeakFairStrong ▸15%
Return on capital9.7%Fair
WeakFairStrong
Net margin6.0%Decent
ThinDecentStrong
EBITDA margin17.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.18Comfortable
LowModerateHigh ▸1
Interest cover3.4×Okay
RiskyOkayStrong ▸5×
Current ratio2.22Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹23,596 cr
Book value
₹708
EPS
₹8.42
latest quarter
Net debt
₹766 cr
owes more than its cash
Enterprise value
₹24,362 cr
EBITDA
₹648 cr
annualised
EBIT
₹500 cr
annualised
Operating margin
13.2%
Return on assets
3.3%
Earnings yield
0.96%
P/S
6.24
Sales / share
₹564.5
Tax rate
35.8%
Face value
₹10
Shares
6.7 cr
Working capital
₹2,116 cr
Current assets
₹3,847 cr
Current liabilities
₹1,731 cr
Delivery %
27.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹395₹884, midpoint ₹409

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹946 cr
Other Income₹14 cr
Total Income₹960 cr
Cost of Materials₹669 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-49 cr
Employee Benefit Expense₹85 cr
Finance Costs₹37 cr
Depreciation & Amortisation₹37 cr
Other Expenses₹93 cr
Total Expenses₹873 cr
Profit before Tax₹88 cr
Tax Expense₹31 cr
Net Profit₹56 cr
Net margin on total income5.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹620 cr64.6%
Employee benefit expense₹85 cr8.9%
Finance costs₹37 cr3.9%
Depreciation & amortisation₹37 cr3.9%
Other expenses₹93 cr9.7%
Tax expense₹31 cr3.3%
Profit for the period₹56 cr5.9%
Total income ₹960 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue804 cr1,243 cr946 cr
Total income849 cr1,284 cr960 cr
Expenses730 cr1,144 cr873 cr
Profit before tax116 cr140 cr88 cr
Tax40 cr49 cr31 cr
Net profit (owners' share)77 cr91 cr56 cr
Net margin (owners' share, on revenue)9.5%7.3%6.0%
EPS (₹)11.3413.328.42
YoY (latest quarter): total income +37.1% · net profit -24.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹6,894 cr
Shareholder equity
₹4,748 cr
parent shareholders
Total debt
₹875 cr
Cash
₹109 cr
Cash flow · H1 FY26
Operating
₹-175 cr
Investing
₹-1,270 cr
Financing
₹1,496 cr
Peer comparison
Industrial Products · by market value
CompanyPriceMarket capP/E
INDO-MIM Limited₹993₹48,086 cr50.1
Aditya Infotech Limited₹3,378₹39,814 cr70.0
Syrma SGS Technology Limited₹1,618₹31,158 cr77.9
Honeywell Automation India Limited₹33,915₹29,845 cr49.7
Kaynes Technology India Limitedthis company₹3,520₹23,596 cr104.5
Jyoti CNC Automation Limited₹981₹22,305 cr97.7
LMW Limited₹18,170₹19,406 cr87.4
Tega Industries Limited₹1,920₹14,425 cr
LLOYDS ENGINEERING WORKS LIMITED₹80₹11,801 cr42.7
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
53.5%
FII / Foreign
5.8%
DII / Domestic
11.8%
Retail / others
28.9%
Promoter stake down 4.4% over the last 12 quarters.
Smart-money activity
Bulk / block deals
short · NSE1616 Sep 26
short · NSE9810 Sep 26
short · NSE229 Sep 26
Stake changes
BoughtMotilal oswal Focused Fund→ 5.03% · 2.25 L3 Jul 25
BoughtMotilal Oswal Asset Management Company Limited→ 5.02% · 2.25 L2 Jul 25
SoldMr. Ramesh Kunhikannan · promoter→ 55.89% · 11.25 L4 Jun 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 7 Aug 2026
See the official result
1
Appointment of Mr. Rajesh Balkrishna Mittal (DIN: 08483698) as a Non - Executive Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
1.02 cr votes for, 64,018 against · 0% of mutual funds and other big investors said no
2
Appointment of Dr. Mylswamy Annadurai (DIN: 07182202) as a Non-Executive Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
1.02 cr votes for, 63,974 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 53.5% between them · as of 2026-06-30
Ramesh Kunhikannan53.43%
Savitha Ramesh0.03%
Aaviza Electronics Private Limited (formerly known as Kaynes Interconnection Systems India Private Limited)no shares
A-ID Systems (India) Private Limitedno shares
Atlab Education India Private Limitedno shares
Centena International Services Private Limitedno shares
Cheyyur Properties Private Limitedno shares
Cheyyur Real Estates Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,600 cr raised in Jun 2025 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. CRISIL Limited watches the spending on the exchange’s behalf.

₹1,400 cr raised in Dec 2023 by selling shares to large investors

The company has not broken this money down into purposes in its filing for Jun 2026, so there is nothing to measure it against yet. ICRA Limited watches the spending on the exchange’s behalf.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.