# Kaynes share price today (Kaynes Technology India Ltd, NSE: KAYNES)

> Kaynes share price today: ₹3,330.00 at the NSE close on 4 November 2026, down 46.5% in a year. Kaynes Technology India (NSE: KAYNES) is worth ₹22,385 crore, trades at a P/E of 64.5 and has closed between ₹3,073.00 and ₹6,332.00 over the past 52 weeks. > Kaynes Technology India Ltd's P/E is near the low end of its own history, higher than only 14% of past readings, and its quarterly results are still getting worse. KAYNES · Consumer Electronics - EMS · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/kaynes-technology-india-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹3,330.00 (−46.5% in a year)
- P/E: 64.5× (lower than 86% of the last 3.9 years)
- Revenue (Jun 2026): ₹946 Cr (+40.6% on a year ago)
- Profit (Jun 2026): ₹56.0 Cr (−25.3% on a year ago)
- Operating margin: 16.0% (−1.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 6.9%, against a 12.0% cost of capital: −5.1 points

The main question: yearly earnings per share moved +18.5% while the share price moved −46.5%. ## What is the Kaynes share price today? Kaynes Technology India Ltd's share price was ₹3,330.00 at the close on 4 November 2026. It has been falling for 46 weeks. That is 12.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,073 and ₹6,332, and at that close it sat 8% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 3.9 years the share price moved +347% while the NIFTY 500 moved +37%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Kaynes this quarter? Two changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) and number of shareholders up 95% in a year. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹946 crore, +40.6% on a year earlier. Why: The main electronics manufacturing business did better, even though smart meter production and supplies were deliberately cut to collect cash. Next results: check whether the big order book turns into sales, since materials are still hard to get. From the earnings call on 8 Aug 2026. 2. Number of shareholders up 95% in a year 4,28,702 shareholders in the September 2026 quarter, against 2,19,405 a year earlier. ## What are Kaynes' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Kaynes reported revenue of ₹946 crore, up 40.6% from ₹673 crore a year earlier, and a profit of ₹56.0 crore, down 25.3% from ₹75.0 crore. ### Kaynes results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹946 crore | ₹673 crore | +40.6% |
| Profit | ₹56.0 crore | ₹75.0 crore | −25.3% |
| Earnings per share | ₹8.42 | ₹11.14 | −24.4% |
| Operating margin | 16.0% | 17.0% | −1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Kaynes' management discussed these results on a call held on 8 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Kaynes share price history? Kaynes closed at ₹3,330.00 on 4 November 2026, down 46.5% from ₹6,225.00 a year earlier (7 November 2025) and up 40.8% over three years. Its highest weekly close since November 2022 was ₹7,544.70 on 3 January 2025. ### Kaynes share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹3,131.00 | +6.4% |
| 1 month ago · 1 Oct 2026 | ₹3,399.00 | −2.0% |
| 6 months ago · 8 May 2026 | ₹4,507.50 | −26.1% |
| 1 year ago · 7 Nov 2025 | ₹6,225.00 | −46.5% |
| 3 years ago · 3 Nov 2023 | ₹2,365.80 | +40.8% |
| Earliest weekly close in our records · 25 Nov 2022 | ₹745.15 | +346.9% |
| Highest weekly close since November 2022 · 3 Jan 2025 | ₹7,544.70 | −55.9% |
| Lowest weekly close since November 2022 · 23 Dec 2022 | ₹680.25 | +389.5% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹6,332.00 | −47.4% |
| 52-week low (weekly close) · 10 Jun 2026 | ₹3,073.00 | +8.4% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (210 weekly closes from 25 November 2022 to 4 November 2026.)

## What is the latest news on Kaynes? 4 Nov 2026: Kaynes closed at ₹3,330.00, up 6.4% on the week and down 2.0% on the month. 8 Aug 2026: Kaynes held its results call for April to June 2026. Management guided: Core EMS growth at 2 times market growth. ### Earlier

- Results for April to June 2026: Revenue up 40.6% and profit down 25.3% on a year earlier. ## What dividend does Kaynes pay? Kaynes has paid no dividend on the NSE since its first NSE close in our records (25 November 2022), the start of the period we checked. No. Kaynes Technology India Ltd paid out 0% of its profit as dividends in each of its last 9 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 5 November 2026.)

## What did Kaynes management say on the latest results call? On the call for April to June 2026, held on 8 August 2026, Kaynes' management guided: Core EMS growth at 2 times market growth. > “Although all our pricing is passed through, we may not receive the benefit immediately in that quarter or the following quarter, because it is normally adjusted quarter on quarter.”
> Ramesh Kunhikannan, Executive Vice Chairman, on the call for April to June 2026

### What management guided

- Kaynes Semicon Unit 2 and Kaynes Circuit Chennai operational by October to December 2026, with OSAT and PCB commercial revenue booking in Q3/January to March 2027. - Combined OSAT and PCB FY27 revenue ₹450-500 crore. - FY27 capital spending ₹300 crore OSAT, ₹300 crore PCB and ₹250 crore EMS. - Cash flow positive by FY27 end; metering receivables turnaround planned by year-end and strategy update promised by February. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/49199/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 8 August 2026.)

## What to watch in Kaynes' next results? When Kaynes reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Metering cash conversion: check whether collection progress reverses receivables after the production and supply curbs. - What to check (from the call)
- Metering cash conversion: check whether collection progress reverses receivables after the production and supply curbs. - OSAT and PCB ramp: verify commercial readiness and first revenue booking after the logistics-related timing slippage. - Operating margin: check whether customer pass-through catches up with component, PCB, forex and energy inflation. - Core EMS execution: monitor order-book conversion and customer offtake as material availability remains volatile. ## Which stock lists is Kaynes on? Kaynes is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Semiconductor stocks. - [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Small & mid cap stocks Size rank in India: 349](https://www.sectoralpha.in/small-cap-stocks-india)
- [Semiconductor stocks Group on the list: Electronics made for other brands (EMS)](https://www.sectoralpha.in/semiconductor-stocks-india)

## Is Kaynes profitable? Kaynes Technology India Ltd earned ₹56.0 Cr of net profit in the Jun 2026 quarter, −25.3% on the same quarter a year earlier. Full-year FY26 profit was ₹364 Cr. Over 8 years profit has grown 49.0% a year on average. That is 5.9% of the quarter's revenue. The same quarter a year earlier earned ₹75.0 Cr. For the full year, FY26 profit was ₹364 Cr (+24.2% on the year before). Why profit moved: revenue changed +40.6% on a year earlier and the margin moved −1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +17.9% and revenue +36.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Kaynes make, and is it growing? Kaynes Technology India Ltd reported ₹946 Cr of revenue in the Jun 2026 quarter, +40.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 8 years it has grown 33.1% a year on average. The last full year, FY26, came in at ₹3,626 Cr. The last four reported quarters add to ₹3,899 Cr. FY26 revenue was ₹3,626 Cr, +33.2% on the year before. Recent pace: the last four quarters grew +36.7% on average, against 33.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +34.9%, against +39.2% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +8.8%, against +28.5% a year (rolling over). ## How much of every ₹100 of sales does Kaynes keep? Kaynes Technology India Ltd's operating margin was 16.0% in the Jun 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 9 years it has been between 10.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −1.2 percentage points on the year while gross margin changed −6.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. ## Is Kaynes' profit turning into cash? Over the last 3 years Kaynes Technology India Ltd's operations used more cash than they brought in, so cash conversion was −71%, a gap worth watching. In FY26 its operations used ₹600 Cr of cash, against ₹364 Cr of profit. After ₹976 Cr of spending on assets, free cash was −₹1,576 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why −71% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 12.0× depreciation over three years. The next section checks what that spending is building. ## Where does Kaynes' cash go? Kaynes Technology India Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 193 days in FY26, down from 193 days in FY21. It spent ₹2,121 Cr on assets over the last 3 years. Customers take 154 days to pay, and stock sits for 169 days on average. At FY26 sales of ₹3,626 Cr, each day of that cycle ties up about ₹9.9 Cr, so roughly ₹1,917 Cr is tied up in the business at any time. FY26: customers took 154 days to pay and stock sat for 169 days, about 5.6 months of sales sitting as stock, for a full cycle of 193 days, shorter than FY21's 193. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 169 days. Customers pay about 154 days after that. Suppliers are paid at 131 days. Together that makes the 193-day cycle. Spending on assets: ₹2,121 Cr over the last 3 years, against ₹177 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹511 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Kaynes' P/E ratio, and how does it compare with its own history? Kaynes Technology India Ltd's P/E is 64.5×, near the low end of its own history: it has been lower only 14% of the time. Its usual P/E (the middle reading) is 117.4×, over 3.9 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +18.5% while the price moved −46.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +12.1% a year; about +39.9% a year came from earnings growth and about −27.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Kaynes business getting better or worse? Kaynes Technology India Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +64.3% at its peak to +34.9%, but the business is still expanding, with ROCE steady at 15.3%. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Kaynes earn on its capital? Kaynes Technology India Ltd earned a ROCE of 13% in FY26. Its return on capital used (ROIC) is 5.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 10.0% net margin and 0.53× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 10.0% net margin × 0.53× asset turnover × 1.45× leverage (assets divided by equity) ≈ 7.7% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 6.9% − 12.0% = −5.1 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 6.9% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 9.0%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Kaynes have too much debt? Kaynes Technology India Ltd has total debt of ₹913 Cr against shareholder equity of ₹4,762 Cr as of Jun 2026, so its debt is 0.19× its equity, which is very little. Year by year, that ratio went from 0.93 in FY22 to 0.19 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Kaynes shareholding pattern? Foreign institutions cut their stake in Kaynes Technology India Ltd by 8.8 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 6.1% of the company. Promoters moved −4.4 points over the same period, to 53.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −8.8 points over 8 quarters, to 6.1%; Promoters: −4.4 points over 8 quarters, to 53.3%; Domestic institutions: −3.6 points over 8 quarters, to 12.5%. Why the owners changed: foreign institutions drove it (−8.8 points), together with promoters (−4.4 points). They reduced their stake. ## How far is Kaynes from balance-sheet trouble? For Kaynes Technology India Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Kaynes rank in its industry? 49.5 out of 100, rank 3 of 10 in Consumer Electronics - EMS, with 74% of the evidence available. Kaynes Technology India Ltd scores 49.5 out of 100 against the 10 companies it is compared with in Consumer Electronics - EMS, ranking 3. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.9 + 15.9 + 8.5 + 8.2 = 49.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Kaynes compared with? Kaynes ranks 3 of 10 Consumer Electronics - EMS companies on the 4-Factor Sector Score, with 49.5 out of 100. 1. [Syrma SGS Technology Ltd](https://www.sectoralpha.in/stocks/syrma-sgs-technology-ltd) SYRMA · leader · Most evidence points up · 82% evidence 72.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 29.8/35 · Revenue 62.4% · Profit 91.3% · Operating margin change 0 points · 95% evidence Capital efficiency 16.9/25 · ROCE 16.8% · Operating margin 10% · 76% evidence Valuation 6.8/20 · P/E 73.8× · PEG n/a · 50% evidence Relative strength 18.5/20 · Lead over its industry 32.3% · Lead over NIFTY 500 53.1% · 1 year 99.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 29.8 + 16.9 + 6.8 + 18.5 = 72 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Avalon Technologies Ltd](https://www.sectoralpha.in/stocks/avalon-technologies-ltd) AVALON · leader · Most evidence points up · 96% evidence 69.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.3/35 · Revenue 44.4% · Profit 69.6% · Operating margin change 3 points · 88% evidence Capital efficiency 17.4/25 · ROCE 19.3% · Operating margin 12% · 100% evidence Valuation 8.2/20 · P/E 103× · PEG 2.18 · 100% evidence Relative strength 14.0/20 · Lead over its industry 30.5% · Lead over NIFTY 500 49.8% · 1 year 72.2% · 100% evidence · 12 of 12 weeks ahead Exact sum: 30.3 + 17.4 + 8.2 + 14 = 69.9 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. Kaynes Technology India Ltd this page KAYNES · quiet · Evidence leans down · 74% evidence 49.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.9/35 · Revenue 34.9% · Profit 8.8% · Operating margin change -1 points · 88% evidence Capital efficiency 15.9/25 · ROCE 12.7% · Operating margin 16% · 100% evidence Valuation 8.5/20 · P/E 60.6× · PEG 3.18 · 65% evidence Relative strength 8.2/20 · Lead over its industry n/a · Lead over NIFTY 500 -13.9% · 1 year -53.3% · 25% evidence · 9 of 12 weeks ahead Exact sum: 16.9 + 15.9 + 8.5 + 8.2 = 49.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [PG Electroplast Ltd](https://www.sectoralpha.in/stocks/pg-electroplast-ltd) PGEL · quiet · Evidence leans down · 100% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 21% · Profit -14.9% · Operating margin change 1.4 points · 100% evidence Capital efficiency 10.3/25 · ROCE 10.3% · Operating margin 6% · 100% evidence Valuation 11.1/20 · P/E 70.1× · PEG 2.3 · 100% evidence Relative strength 6.4/20 · Lead over its industry -16.2% · Lead over NIFTY 500 1.1% · 1 year -7.2% · 100% evidence · 5 of 12 weeks ahead Exact sum: 19.2 + 10.3 + 11.1 + 6.4 = 47 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Cyient DLM Ltd](https://www.sectoralpha.in/stocks/cyient-dlm-ltd) CYIENTDLM · leader · Evidence leans down · 100% evidence 47.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue -1.5% · Profit 2.5% · Operating margin change -1 points · 100% evidence Capital efficiency 10.1/25 · ROCE 9.9% · Operating margin 9% · 100% evidence Valuation 6.8/20 · P/E 70.9× · PEG 3.35 · 100% evidence Relative strength 17.7/20 · Lead over its industry 32.4% · Lead over NIFTY 500 51.6% · 1 year 66% · 100% evidence · 12 of 12 weeks ahead Exact sum: 12.4 + 10.1 + 6.8 + 17.7 = 47 · What this means: Relative strength against the index is 51.6%, and revenue and profit growth are weak. 6. [Dixon Technologies (India) Ltd](https://www.sectoralpha.in/stocks/dixon-technologies-indialtd) DIXON · quiet · Evidence leans down · 82% evidence 45.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.6/35 · Revenue 20.8% · Profit 2.4% · Operating margin change -1.1 points · 95% evidence Capital efficiency 17.9/25 · ROCE 29.2% · Operating margin 2.7% · 76% evidence Valuation 14.9/20 · P/E 43.4× · PEG n/a · 50% evidence Relative strength 3.0/20 · Lead over its industry -21.3% · Lead over NIFTY 500 -6.1% · 1 year -29% · 100% evidence · 8 of 12 weeks ahead Exact sum: 9.6 + 17.9 + 14.9 + 3 = 45.4 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Virtuoso Optoelectronics Ltd](https://www.sectoralpha.in/stocks/virtuoso-optoelectronics-ltd) VOEPL · losing its lead · Evidence leans down · 81% evidence 43.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Revenue 36.2% · Profit 10.8% · Operating margin change -1.2 points · 88% evidence Capital efficiency 7.7/25 · ROCE 9.7% · Operating margin 8.5% · 100% evidence Valuation 6.9/20 · P/E 94× · PEG 9.05 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 14.4% · 1 year -8.1% · 25% evidence · 9 of 11 weeks ahead Exact sum: 17.5 + 7.7 + 6.9 + 11.1 = 43.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. [Optiemus Infracom Ltd](https://www.sectoralpha.in/stocks/optiemus-infracom-ltd) OPTIEMUS · leader · Evidence leans down · 74% evidence 37.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.9/35 · Revenue 20.9% · Profit 9.1% · Operating margin change -2.6 points · 88% evidence Capital efficiency 8.1/25 · ROCE 10.9% · Operating margin 3.4% · 100% evidence Valuation 4.3/20 · P/E 98× · PEG 9.28 · 65% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 62.4% · 1 year 35.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 12.9 + 8.1 + 4.3 + 12.5 = 37.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Epack Durable Ltd](https://www.sectoralpha.in/stocks/epack-durable-ltd) EPACK · quiet · Too little evidence to rank firmly · 56% evidence 35.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.8/35 · Revenue 23.7% · Profit -80% · Operating margin change 1.4 points · 74% evidence Capital efficiency 2.6/25 · ROCE 4.5% · Operating margin 0.9% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -30% · 1 year -54.5% · 25% evidence · 0 of 12 weeks ahead Exact sum: 15.8 + 2.6 + 10 + 7.5 = 35.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Amber Enterprises India Ltd](https://www.sectoralpha.in/stocks/amber-enterprises-india-ltd) AMBER · quiet · Most evidence points down · 78% evidence 26.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.2/35 · Revenue 14.6% · Profit -56.3% · Operating margin change 0.8 points · 83% evidence Capital efficiency 8.8/25 · ROCE 10.3% · Operating margin 8% · 76% evidence Valuation 6.8/20 · P/E 100× · PEG n/a · 50% evidence Relative strength 0.4/20 · Lead over its industry -28.5% · Lead over NIFTY 500 -14% · 1 year -27% · 100% evidence · 0 of 12 weeks ahead Exact sum: 10.2 + 8.8 + 6.8 + 0.4 = 26.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Consumer Electronics - EMS](https://www.sectoralpha.in/sectors/consumer-electronics-ems), all 10 compared on one page. ## Which companies are close to Kaynes in size? Kaynes is the 3rd largest of 10 Consumer Electronics - EMS companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Dixon Technologies (India) and Syrma SGS Technology. Just below it: Amber Enterprises India, PG Electroplast, Avalon Technologies and Optiemus Infracom. ### Consumer Electronics - EMS companies close in size

1. [Dixon Technologies (India) Ltd](https://www.sectoralpha.in/stocks/dixon-technologies-indialtd) ₹67,288 crore
2. [Syrma SGS Technology Ltd](https://www.sectoralpha.in/stocks/syrma-sgs-technology-ltd) ₹31,341 crore
3. Kaynes Technology India Ltd ₹21,047 crore
4. [Amber Enterprises India Ltd](https://www.sectoralpha.in/stocks/amber-enterprises-india-ltd) ₹20,685 crore
5. [PG Electroplast Ltd](https://www.sectoralpha.in/stocks/pg-electroplast-ltd) ₹15,200 crore
6. [Avalon Technologies Ltd](https://www.sectoralpha.in/stocks/avalon-technologies-ltd) ₹13,713 crore
7. [Optiemus Infracom Ltd](https://www.sectoralpha.in/stocks/optiemus-infracom-ltd) ₹7,118 crore

[All 10 Consumer Electronics - EMS companies, largest first](https://www.sectoralpha.in/sectors/consumer-electronics-ems#all-companies)

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3. Kaynes Technology India Ltd ₹21,047 crore
4. [MTAR Technologies Ltd](https://www.sectoralpha.in/stocks/mtar-technologies-ltd) ₹21,033 crore · Aerospace & Defence - Equipments
5. [SJVN Ltd](https://www.sectoralpha.in/stocks/sjvn-ltd) ₹20,981 crore · Power - Generation/Distribution

## What else do people ask about Kaynes? ### What is Kaynes's share price today? Kaynes Technology India Ltd's share price is ₹3,330.00, −46.5% over the past year. The whole company is worth ₹22,385 Cr on the market. In the last 52 weeks it traded between ₹3,073 to ₹6,332; today it is 8% of the way up from the low, 12.4% below its 200-day average (as of 4 November 2026). ### What were Kaynes's latest quarterly results? Kaynes Technology India Ltd reported revenue of ₹946 Cr and net profit of ₹56.0 Cr for the Jun 2026 quarter. Revenue rose 40.6% and profit fell 25.3% compared with a year earlier. Earnings per share were ₹8.42. The operating margin was 16.0%, 1.0 percentage points lower than a year earlier (as of 4 November 2026). ### What is Kaynes's market cap? Kaynes Technology India Ltd's market capitalisation is ₹22,385 Cr at a share price of ₹3,330.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Kaynes performing? Kaynes Technology India Ltd's share price has been falling for 46 weeks. In its latest quarter, revenue rose 40.6% and profit fell 25.3% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 4 November 2026). ### Will Kaynes's share price go up? This page does not forecast Kaynes Technology India Ltd's share price. What it shows instead: the share price is ₹3,330.00, and it has been falling for 46 weeks. Its P/E of 64.5× is higher than 14% of its own last 4 years (as of 4 November 2026). ### Who owns Kaynes? Promoters own 53.3% of Kaynes Technology India Ltd, foreign institutions 6.1%, domestic institutions 12.5% and the public 28.1% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 8.8 percentage points over 8 quarters (as of 4 November 2026). ### Does Kaynes have too much debt? No, Kaynes Technology India Ltd has little debt: its debt is 0.19× its equity, and its operating profit is 5 times its interest bill. FY26 borrowings were ₹913 Cr against equity of ₹4,748 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Kaynes in its business cycle? Kaynes Technology India Ltd's FY26 operating margin was 16.0%, against a 9-year range of 10.0% to 16.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 16.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Kaynes story? The main question: yearly earnings per share moved +18.5% while the share price moved −46.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Kaynes a stock worth studying right now? What the numbers show: Kaynes Technology India Ltd's P/E is near the low end of its own history, higher than only 14% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Kaynes share price forecast for 2026? What management itself guided: Core EMS growth at 2 times market growth. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Semiconductor stocks: https://www.sectoralpha.in/semiconductor-stocks-india

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