KAYNES TECHNOLOGY INDIA LIMITED Financials Kaynes Technology India Limited
Equities
KAYNES
INE918Z01012
Electronic Equipment & Parts
|
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,548 INR | +3.35% |
|
+3.61% | -2.33% |
| Mar. 21 | Certain Equity Shares of Kaynes Technology India Limited are subject to a Lock-Up Agreement Ending on 21-MAR-2024. | CI |
| Feb. 19 | Kaynes Technology India Forms Unit for Mechatronics Business | MT |
Valuation
| Fiscal Period: March | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 55,980 | 157,599 | - | - |
| Enterprise Value (EV) 1 | 55,980 | 143,438 | 149,683 | 150,925 |
| P/E ratio | - | 94.8 x | 66.5 x | 46 x |
| Yield | - | 0.2% | 0.14% | 0.16% |
| Capitalization / Revenue | 4.97 x | 8.95 x | 6.08 x | 4.26 x |
| EV / Revenue | 4.97 x | 8.14 x | 5.78 x | 4.08 x |
| EV / EBITDA | 33.3 x | 57.4 x | 40.8 x | 27.7 x |
| EV / FCF | -55.9 x | -70.2 x | 2,037 x | 216 x |
| FCF Yield | -1.79% | -1.43% | 0.05% | 0.46% |
| Price to Book | 5.84 x | 7.78 x | 6.93 x | 5.84 x |
| Nbr of stocks (in thousands) | 58,142 | 63,918 | - | - |
| Reference price 2 | 962.8 | 2,466 | 2,466 | 2,466 |
| Announcement Date | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net sales 1 | 11,261 | 17,617 | 25,901 | 36,963 |
| EBITDA 1 | 1,683 | 2,499 | 3,673 | 5,456 |
| EBIT 1 | - | 2,250 | 2,917 | 4,173 |
| Operating Margin | - | 12.77% | 11.26% | 11.29% |
| Earnings before Tax (EBT) 1 | - | 2,118 | 3,033 | 4,322 |
| Net income 1 | - | 1,641 | 2,326 | 3,357 |
| Net margin | - | 9.31% | 8.98% | 9.08% |
| EPS 2 | - | 26.02 | 37.06 | 53.59 |
| Free Cash Flow 1 | -1,001 | -2,045 | 73.5 | 699.5 |
| FCF margin | -8.89% | -11.61% | 0.28% | 1.89% |
| FCF Conversion (EBITDA) | - | - | 2% | 12.82% |
| FCF Conversion (Net income) | - | - | 3.16% | 20.83% |
| Dividend per Share 2 | - | 5.000 | 3.500 | 4.000 |
| Announcement Date | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2023 Q3 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|
| Net sales 1 | 2,891 | 2,972 | 3,608 | 5,093 | 5,972 |
| EBITDA 1 | - | 402.6 | 488 | 698.8 | 878.4 |
| EBIT 1 | - | - | 422.6 | 639.1 | 828 |
| Operating Margin | - | - | 11.71% | 12.55% | 13.86% |
| Earnings before Tax (EBT) 1 | - | - | - | 584.9 | 783.5 |
| Net income 1 | 228.7 | - | 323.1 | 451.9 | 629.7 |
| Net margin | 7.91% | - | 8.95% | 8.87% | 10.54% |
| EPS 2 | - | - | 5.550 | 7.490 | 8.767 |
| Dividend per Share | - | - | - | - | - |
| Announcement Date | 1/31/23 | 7/31/23 | 10/31/23 | 1/30/24 | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Net Debt 1 | - | - | - | - |
| Net Cash position 1 | - | 14,161 | 7,916 | 6,675 |
| Leverage (Debt/EBITDA) | - | - | - | - |
| Free Cash Flow 1 | -1,001 | -2,045 | 73.5 | 700 |
| ROE (net income / shareholders' equity) | 16.4% | 11% | 12.5% | 14.8% |
| ROA (Net income/ Total Assets) | - | 9.4% | 9.57% | 10.6% |
| Assets 1 | - | 17,457 | 24,303 | 31,727 |
| Book Value Per Share 2 | 165.0 | 317.0 | 356.0 | 423.0 |
| Cash Flow per Share 2 | - | 23.30 | 45.20 | 75.30 |
| Capex 1 | 581 | 2,938 | 6,634 | 5,054 |
| Capex / Sales | 5.16% | 16.68% | 25.61% | 13.67% |
| Announcement Date | 5/16/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
19
Last Close Price
2,466
INR
Average target price
3,012
INR
Spread / Average Target
+22.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.33% | 1.89B | |
| +14.39% | 110B | |
| +0.50% | 30.2B | |
| +11.79% | 22.22B | |
| -12.43% | 18.53B | |
| -9.04% | 16.84B | |
| +15.61% | 16.25B | |
| -6.24% | 12.03B | |
| +0.53% | 10.93B | |
| -15.91% | 8.36B |
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