Kaynes Technology India Ltd Share Price (KAYNES)

Kaynes Technology India Limited, established in 1988 and incorporated as a private limited company in March 2008, is a prominent player in India's Electronics System Design and Manufacturing (ESDM) sector. As of the fiscal year ended March 31, 2025, the company demonstrated significant operational scale, highlighted by an order book valued at ₹6,596.9 crore. Kaynes Technology operates eight manufacturing facilities across India and expanded its international footprint during fiscal year 2025 with the strategic acquisition of August Electronics in Canada. This positions the company as a key end-to-end electronics manufacturing services provider, known for its capability to manage a high-growth trajectory, evidenced by a 60% year-over-year increase in its order book as of March 31, 2025.

What does Kaynes Technology India Ltd do?

Kaynes Technology India Ltd specializes in providing comprehensive end-to-end electronics system design and manufacturing (ESDM) services. Its core business activities encompass conceptual design, rigorous process engineering, integrated manufacturing solutions, and robust life-cycle support for electronic systems and components. The company serves a wide array of high-technology industries, including automotive, industrial (which also covers Electric Vehicles), railways, medical technology, aerospace and defence, outer-space applications, nuclear systems, Internet of Things (IoT), and Information Technology. Kaynes Technology's revenue generation model is built on delivering these integrated services across its diverse client base. For the fiscal year ended March 31, 2025, the Industrial segment (including EV) was the largest contributor to its operational revenue, accounting for 55%, followed by the Automotive segment at 26%. Other contributing segments included Railways (8%), Medical (7%), Aerospace, Outer-space & Strategic Electronics (2%), and IoT/IT & Others (2%).

Products/Services of Kaynes Technology India Ltd

Electronics Manufacturing Services (EMS)
Kaynes Technology offers a full suite of integrated electronics manufacturing solutions. This includes the assembly of Printed Circuit Boards (PCBAs), complete system assembly (box builds), and comprehensive system integration for a variety of high-reliability applications across different sectors. The company’s services span the entire product lifecycle, from initial design and development through to after-market support and services. The strong demand for these services is reflected in the company's order book, which stood at ₹6,596.9 crore as of March 31, 2025.

Design and Engineering Solutions
The company provides advanced design and engineering solutions, covering conceptual design and detailed process engineering for complex electronic products. A key aspect of this offering is its Original Design Manufacturing (ODM) capabilities. These are particularly prominent in specialized areas such as safety-critical railway signalling systems, including contributions to projects like Kavach, and the development and manufacturing of smart meters for the energy sector.

IoT Solutions
Kaynes Technology develops and delivers industrial Internet of Things (IIoT) solutions. These services are designed to help Original Equipment Manufacturers (OEMs) transform their traditional, legacy products into smart, interconnected systems. This is achieved by integrating a combination of sensors, microprocessors, embedded software, and advanced connectivity technologies, enabling data-driven operations and new functionalities for their clients' products.

Future Outlook and Expansion Plans of Kaynes Technology India Ltd

Kaynes Technology India Ltd has outlined several strategic initiatives for future growth, based on its disclosures for the period ending March 31, 2025. The company is advancing its new ventures in Outsourced Semiconductor Assembly and Test (OSAT) and High-Density Interconnect (HDI) Printed Circuit Board (PCB) manufacturing. Pilot production for these advanced facilities is anticipated to commence by December 2025, with trial runs scheduled for the second half of fiscal year 2026. Commercial revenue contributions from these segments are expected to begin in fiscal year 2027, with projections that these new businesses could potentially add over ₹5,000 crore in revenue by fiscal year 2030. Kaynes Technology also aims to significantly boost its export revenue, targeting a 15% contribution to its total revenue by fiscal year 2026, an increase from the 9% recorded in fiscal year 2025. This growth is expected to be driven by the automotive, aerospace, and industrial segments, with a longer-term ambition for exports to account for 20-25% of revenue within the next four to five years. Furthermore, the company anticipates substantial growth from its defense (strategic electronics) and telecom verticals, with increased traction expected from fiscal year 2027. Continuous expansion of its manufacturing capabilities, including the addition of new production lines across its various facilities, remains a key focus to support these growth plans.