Rs 5,038.60 Crore Order Book: Electronics Manufacturing Company Inaugurates State-of-the-Art Electronics Manufacturing Facility in Hyderabad
The stock gave multibagger returns of 160 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent.
Kaynes, a global leader in electronic system design and manufacturing solutions, announced the successful inauguration of its cutting-edge electronics manufacturing facility in Hyderabad. The grand opening marks a significant achievement in the company's strategic expansion, reinforcing its commitment to innovation, sustainability, and excellence.
The event was attended by the Speaker of the Telangana Legislative Assembly Gaddam Prasad Kumar accompanied by Sri Duddilla Shridhar Babu, Information Technology Minister, Shri Malreddy Ranga Reddy, MLA along with other distinguished government officials, industry leaders, and key stakeholders, all of whom witnessed the advanced capabilities of this new plant.
The Hyderabad facility is equipped with the latest manufacturing technologies, including high-precision electronic assembly, 3D optical and Artificial intelligence-enabled state-of-the-art inspection systems and lead-free/RoHS-compliant processes. It is designed with sustainability in mind, aiming to minimize environmental impact while maximising production efficiency. The plant will cater to various industrial, automotive, medical electronics, aerospace and telecommunications sectors, underscoring Kaynes Technology’s versatility and expertise.
About Kaynes Technology India Limited
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.
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Quarterly Results: The net sales increased by 70 per cent to Rs 504 crore, the operating profit increased by 66 per cent to Rs 66.9 crore and the net profit skyrocketed by 106 per cent to Rs 50.8 crore in Q1FY25 compared to Q1FY24.
Order Book: The company's order book surged 22 per cent sequentially to Rs 5,038.60 crore in the first quarter of the financial year 2025, from Rs 4,115.20 crore in the preceding quarter. 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 32,000 crore and the current debt of the company is Rs 323 crore. In June 2024, FIIs increased their stake to 14.27 per cent compared to 14.19 per cent in March 2024. The stock gave multibagger returns of 160 per cent in just 1 year whereas BSE Sensex Index is up by 26 per cent. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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