Overview
Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT
solutions-enabled integrated electronics manufacturing company in India. It
provides conceptual design, process engineering, integrated manufacturing, and
life-cycle support across various sectors, including automotive, industrial,
aerospace and defense, outer-space, nuclear, medical, railways, IoT, and IT.
Business Verticals
Kaynes operates across four business verticals:
·
OEM Turnkey Box Build (39%)
·
OEM Turnkey Solutions - PCBAs (56%)
·
Original Design Manufacturing (2%)
·
Product Design & Engineering (3%)
Revenue Mix
For 9M FY24, revenue distribution includes:
·
Industrial (44%)
·
Automotive (31%)
·
Railways (11%)
·
Medical (3%)
·
Consumer (8.37%)
·
Aerospace/Defence (2%)
·
IoT/IT (7%)
About 85% of revenue came from India in FY23.
Order Book
The company’s order book stood at Rs 3,789 Cr as of January 2024, showing
growth from Rs 3,000 Cr in June 2023.
Customer Base
Kaynes serves major clients like Siemens, Hitachi, and Frauscher in
Railways, and Agappe and Beat O in the Medical sector.
Manufacturing Facilities
It operates 14 facilities across Karnataka, Haryana, Himachal Pradesh, Tamil
Nadu, and Uttarakhand, featuring advanced capabilities including SMT lines, THD
lines, and plastic molding machines.
Expansion Plans
Plans include a new facility in Karnataka, OSAT and PCB facilities in
Telangana and Mysore, with investments of INR 2,800 Cr and INR 3,750 Cr,
respectively.
Collaborations
Partnerships include Aptos Technology for semiconductor packaging and DigiLens
Inc for waveguide manufacturing.
Acquisition
In December 2023, Kaynes acquired Digicom Electronics Inc., USA, for USD 2.5
million.
Fund Raising
The company raised Rs 1,400 Cr through a QIP in December 2023.
Focus Areas
Kaynes is focusing on product diversification and emerging segments like EVs
and high-performance computing hardware.
Financial
Performance:-
|
Mar-18 |
Mar-19 |
Mar-20 |
Mar-21 |
Mar-22 |
Mar-23 |
Mar-24 |
TTM |
Sales |
369 |
353 |
360 |
393 |
671 |
1,086 |
1,274 |
1,475 |
Operating Profit |
37 |
36 |
41 |
38 |
92 |
166 |
173 |
215 |
OPM % |
10% |
10% |
11% |
10% |
14% |
15% |
14% |
15% |
You can see from financial
performance that revenue from operations has been increased from Rs.369 crores
to Rs.1475 crores i.e. revenue has been increased by 4 times and profitability
has been increased from Rs.37 crores to Rs.215 crore over the period of 6
years. Profits of the company has been increased by 6 folds in 6 years.
Stock performance:-
Margins has been also improved
considerably in these years. Same is also reflected in stock performance. Stock
has given returns of 660% in past 3 years. On 25th Nov’ 2022 stock
trading at Rs.745.15 per share and as on today i.e. 24.01.2025 stock is trading
at Rs.5686 per share. Company stock even touched high of Rs.7822 per share.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.