Rs 5,422.80 Crore Order Book: Electronics Manufacturer Ushers in a New Era of Railway Innovation with Sensonic Acquisition
The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 750 per cent in 2 years.
Kaynes Technology India Limited announces the acquisition of a controlling stake of 54 per cent by its wholly owned subsidiary Kaynes Holding Pte. Ltd (Kaynes Singapore) in Sensonic GmbH, Austria (Sensonic Austria, a body corporate registered under the laws of Austria), by way of subscription of shares. This strategic acquisition strengthens Kaynes Technology’s position as an innovation-driven organization and expands its presence in global infrastructure technology markets.
The transaction, completed after regulatory approvals, underscores Kaynes Technology’s commitment to advancing smart, sustainable solutions in infrastructure monitoring and management. Sensonic, headquartered in Austria, brings cutting-edge capabilities in railway safety and efficiency through its applications such as track condition monitoring, landslide detection, and security enhancements powered by artificial intelligence and machine learning.
With this acquisition, the combined expertise of Kaynes Technology and Sensonic promises to deliver superior technological solutions to customers worldwide. This partnership integrates Sensonic’s advanced fiber optic sensing technologies with Kaynes Technology’s proven track record in manufacturing excellence and IoT innovation.
About Sensonic: Sensonic provides DAS solutions for railway infrastructure monitoring. Combining fiber optic sensing with AI and machine learning, Sensonic turns optical fibers into vibration sensors to gather critical infrastructure information. This enables monitoring of track conditions, landslide/rockfall alerts, security threat identification, and more. This knowledge empowers railway owners/operators to optimize operations, ensure safety, and improve efficiency. Sensonic shapes the future of railway intelligence, delivering a digital railway and better decision-making insights.
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About Kaynes Technology India Ltd
Kaynes Technology, a seasoned Indian ESDM player with over three decades of expertise, offers comprehensive electronics solutions from conceptualization to lifecycle support. Serving diverse sectors including automotive, industrial, aerospace, outer space, strategic electronics, medical, railways, IoT, and IT, the company boasts eight advanced manufacturing facilities capable of producing high-mix, high-value products flexibly. Complementing its manufacturing prowess, Kaynes operates service centres in Cochin and Mumbai, catering to railway, aerospace, defence and industrial clients.
Results: The net sales increased by 59 per cent to Rs 360.8 crore, the operating profit increased by 68 per cent to Rs 48.8 crore and the net profit increased by 86 per cent to Rs 32.3 crore in Q2FY25 compared to Q2FY24.
Order Book: Order book grew from Rs 5,038.60 crore in Q1FY25 to Rs 5,422.80 crore in Q2FY25. This robust growth was driven by strong demand across all business segments, with particularly impressive performance in the industrial & EV, aerospace, outer-space & strategic electronics and railways sectors.
The company has a market cap of over Rs 39,000 crore. In September 2024, FIIs increased their stake to 14.92 per cent compared to 14.27 per cent in June 2024. The stock gave multibagger returns of 160 per cent in just 1 year and a whopping 750 per cent in 2 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.