Kaynes Technology India Limited
Start Date10-11-2022
Application Timing10am-5pm
Price Range₹559 - ₹587
Min Qty25
Min. Investment₹13975
Listing DateNA
Close Date14-11-2022

About Kaynes Technology India Limited

Incorporated in 2008, Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing and life-cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments.

The company is among the first companies in India to offer design-led electronics manufacturing to original equipment manufacturers ("OEMs").

The company's operations are classified under the following business verticals:

OEM - Turnkey Solutions - Box Build ("OEM - Box Build").

OEM - Turnkey Solutions - Printed Circuit Board Assemblies ("PCBAs") ("OEM - Turnkey Solutions").

ODM: The company offers ODM services in smart metering technology, smart street lighting, and brushless DC ("BLDC") technology.

Product Engineering and IoT Solutions: The company offer conceptual design and product engineering services in industrial and consumer segments.

Kaynes Technology operates eight manufacturing facilities across India in the states of Karnataka, Haryana, Himachal Pradesh, Tamil Nadu, and Uttarakhand.

As of June 30, 2022, the company's research and development team comprised 19 employees, including engineers, designers and other workers.

In nine months ended June 30, 2022, The company served 229 customers in 21 countries globally and multiple industry verticals such as automotive, aerospace and defence, industrial, railways, medical and IT / ITES.

The company works with over 871 vendors and sources materials from various regions including North America, Europe, and Singapore as well as locally within India, As of June 30, 2022.

Why To Invest in Kaynes Technology India Limited

Here are the positive factors in this company.

  • Kaynes Technology Ltd is the leading end-to-end and IoT solutions-enabled integrated electronics manufacturing company.
  • Company has generated strong revenue growth in the last 3 years.
  • While the company has low margins in FY20 and FY21, the margins have improved significantly for FY22 and for 3 months ending Q1 FY23.
Strengths And Risks
: They operate eight manufacturing, one design, and two service centres across India, which are scalable, allowing them to expand in a short time.
: They have a dedicated research & development team focusing on discovering customer needs, enhancing existing products with the newest technologies, and optimising costs.
: Through three decades of its business operation, the company had formed long-term relationships with several marquee customers.
: A slowdown in manufacturing units, shutdown, or disruption will impact the company's profitability.
: They don’t have a firm commitment agreement with their customers. The loss of one or more end-users will result in a loss of business and revenue.
: If customers stop outsourcing their OEM and IoT requirements to the company, it will impact Kaynes's future cash flow.
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