Financials Kaynes Technology India Limited

Equities

KAYNES

INE918Z01012

Electronic Equipment & Parts

Market Closed - NSE India S.E. 07:43:48 2024-06-06 am EDT 5-day change 1st Jan Change
3,124 INR +7.69% Intraday chart for Kaynes Technology India Limited -5.40% +19.65%

Valuation

Fiscal Period: March 2023 2024 2025 2026
Capitalization 1 55,980 185,394 - -
Enterprise Value (EV) 1 55,980 171,337 176,119 173,950
P/E ratio - 95 x 67.6 x 47.8 x
Yield - 0.17% - 0.09%
Capitalization / Revenue 4.97 x 10.2 x 6.61 x 4.58 x
EV / Revenue 4.97 x 9.49 x 6.28 x 4.29 x
EV / EBITDA 33.3 x 67.4 x 42.9 x 29.7 x
EV / FCF -55.9 x -54.8 x -962 x 236 x
FCF Yield -1.79% -1.82% -0.1% 0.42%
Price to Book 5.84 x 7.38 x 6.63 x 5.99 x
Nbr of stocks (in thousands) 58,142 63,918 - -
Reference price 2 962.8 2,900 2,900 2,900
Announcement Date 5/16/23 5/16/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2023 2024 2025 2026
Net sales 1 11,261 18,046 28,037 40,519
EBITDA 1 1,683 2,542 4,106 5,856
EBIT 1 - 2,290 3,405 4,834
Operating Margin - 12.69% 12.14% 11.93%
Earnings before Tax (EBT) 1 - 2,316 3,519 4,942
Net income 1 - 1,833 2,721 3,851
Net margin - 10.16% 9.71% 9.51%
EPS 2 - 30.24 42.90 60.66
Free Cash Flow 1 -1,001 -3,125 -183 737.5
FCF margin -8.89% -17.31% -0.65% 1.82%
FCF Conversion (EBITDA) - - - 12.59%
FCF Conversion (Net income) - - - 19.15%
Dividend per Share 2 - 5.000 - 2.667
Announcement Date 5/16/23 5/16/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q3 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 2,891 2,972 3,608 5,093 5,972 4,366 5,294 7,774
EBITDA 1 - 402.6 488 698.8 878.4 501 661 1,123
EBIT 1 - - 422.6 639.1 828 422 582 1,043
Operating Margin - - 11.71% 12.55% 13.86% 9.67% 10.99% 13.42%
Earnings before Tax (EBT) 1 - - - 584.9 783.5 393 553 1,014
Net income 1 228.7 - 323.1 451.9 629.7 310 437 801
Net margin 7.91% - 8.95% 8.87% 10.54% 7.1% 8.25% 10.3%
EPS 2 - - 5.550 7.490 8.767 4.900 6.800 12.50
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 - 12,232 9,275 11,444
Leverage (Debt/EBITDA) - - - -
Free Cash Flow 1 -1,001 -3,125 -183 738
ROE (net income / shareholders' equity) 16.4% 10.6% 11.1% 13.9%
ROA (Net income/ Total Assets) - 7.83% 7.76% 11.4%
Assets 1 - 23,416 35,057 33,754
Book Value Per Share 2 165.0 389.0 437.0 484.0
Cash Flow per Share 2 - 11.60 43.00 68.20
Capex 1 581 3,826 3,721 5,766
Capex / Sales 5.16% 21.2% 13.27% 14.23%
Announcement Date 5/16/23 5/16/24 - -
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
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
2,900 INR
Average target price
3,421 INR
Spread / Average Target
+17.94%
Consensus
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