Kaynes Technology India (NSE:KAYNES) Has A Pretty Healthy Balance Sheet
Dec 13
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Indian (NIFTY) Electronic Equipment and Components Industry Analysis
UpdatedDec 18, 2025
DataAggregated Company Financials
Companies69
- 7D0.7%
- 3M-16.0%
- 1Y-20.4%
- YTD-19.4%
Over the last 7 days, the Electronic Equipment and Components industry has remained flat, although notably Kaynes Technology India gained 5.2%. As for the longer term, the industry has declined 20% in the last year. Earnings are forecast to grow by 26% annually.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 18 Dec 2025 | ₹1.8t | ₹1.6t | ₹50.0b | 35.9x | 35.5x | 1.1x |
| Sat, 15 Nov 2025 | ₹2.1t | ₹1.6t | ₹52.1b | 38.7x | 39.5x | 1.3x |
| Mon, 13 Oct 2025 | ₹2.1t | ₹1.6t | ₹49.0b | 38.8x | 42.9x | 1.3x |
| Wed, 10 Sep 2025 | ₹2.0t | ₹1.6t | ₹49.0b | 39.2x | 41.3x | 1.3x |
| Fri, 08 Aug 2025 | ₹1.8t | ₹1.5t | ₹44.1b | 40.5x | 41.2x | 1.2x |
| Sun, 06 Jul 2025 | ₹1.9t | ₹1.5t | ₹43.1b | 39.1x | 44.2x | 1.3x |
| Tue, 03 Jun 2025 | ₹1.8t | ₹1.5t | ₹43.1b | 37.4x | 42x | 1.2x |
| Thu, 01 May 2025 | ₹1.7t | ₹1.4t | ₹35.7b | 36.9x | 46.5x | 1.2x |
| Sat, 29 Mar 2025 | ₹1.6t | ₹1.4t | ₹35.3b | 37.7x | 44.2x | 1.1x |
| Mon, 24 Feb 2025 | ₹1.6t | ₹1.4t | ₹37.3b | 43.2x | 43.5x | 1.1x |
| Wed, 22 Jan 2025 | ₹2.0t | ₹1.4t | ₹34.8b | 59.1x | 57x | 1.4x |
| Fri, 20 Dec 2024 | ₹2.2t | ₹1.4t | ₹34.8b | 62.8x | 62.7x | 1.6x |
| Sun, 17 Nov 2024 | ₹1.9t | ₹1.4t | ₹34.7b | 60.7x | 53.5x | 1.4x |
| Tue, 15 Oct 2024 | ₹1.9t | ₹1.3t | ₹32.4b | 48.9x | 59x | 1.5x |
| Thu, 12 Sep 2024 | ₹1.8t | ₹1.3t | ₹30.8b | 53.3x | 58.3x | 1.3x |
| Sat, 10 Aug 2024 | ₹1.7t | ₹1.3t | ₹30.7b | 52.5x | 56.2x | 1.3x |
| Mon, 08 Jul 2024 | ₹1.7t | ₹1.3t | ₹29.1b | 49.3x | 59.8x | 1.3x |
| Wed, 05 Jun 2024 | ₹1.4t | ₹1.3t | ₹33.0b | 41.7x | 41.6x | 1.1x |
| Fri, 03 May 2024 | ₹1.4t | ₹1.3t | ₹31.4b | 55.9x | 44.4x | 1.1x |
| Sun, 31 Mar 2024 | ₹1.3t | ₹1.3t | ₹31.4b | 48.9x | 40x | 1x |
| Tue, 27 Feb 2024 | ₹1.3t | ₹1.3t | ₹31.4b | 52x | 41.1x | 1x |
| Thu, 25 Jan 2024 | ₹1.2t | ₹1.1t | ₹29.7b | 55.2x | 40.8x | 1.1x |
| Sat, 23 Dec 2023 | ₹1.2t | ₹1.1t | ₹29.7b | 53.1x | 39.5x | 1x |
| Mon, 20 Nov 2023 | ₹1.1t | ₹1.1t | ₹30.0b | 43.1x | 37.7x | 1x |
| Wed, 18 Oct 2023 | ₹1.2t | ₹1.1t | ₹29.9b | 50.3x | 38.6x | 1.1x |
| Fri, 15 Sep 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 48.4x | 37.1x | 1x |
| Sun, 13 Aug 2023 | ₹1.0t | ₹1.1t | ₹29.2b | 52x | 34.6x | 0.9x |
| Tue, 11 Jul 2023 | ₹987.3b | ₹1.0t | ₹30.3b | 45.7x | 32.6x | 1x |
| Thu, 08 Jun 2023 | ₹884.6b | ₹1.0t | ₹30.0b | 40.6x | 29.5x | 0.9x |
| Sat, 06 May 2023 | ₹754.3b | ₹968.9b | ₹25.1b | 27.8x | 30.1x | 0.8x |
| Mon, 03 Apr 2023 | ₹712.0b | ₹960.0b | ₹24.4b | 25.6x | 29.2x | 0.7x |
| Wed, 01 Mar 2023 | ₹692.6b | ₹959.9b | ₹24.4b | 23.6x | 28.4x | 0.7x |
| Fri, 27 Jan 2023 | ₹741.2b | ₹897.0b | ₹23.5b | 29x | 31.5x | 0.8x |
| Sun, 25 Dec 2022 | ₹711.5b | ₹884.8b | ₹23.0b | 29.1x | 30.9x | 0.8x |
Price to Earnings Ratio
30.9x
Current Industry PE
- Investors are pessimistic on the Indian Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 35.5x which is lower than its 3-year average PE of 42.7x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 29% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Indian Tech industry?
| IN Market | 0.40% | |
| Tech | 0.67% | |
| Electronic Equipment and Components | 0.67% | |
| Electronic Manufacturing Services | 1.61% | |
| Electronic Equipment and Instruments | 0.77% | |
| Electronic Components | -1.02% | |
| Technology Distributors | -1.16% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry even though it's trading below its 3-year average PE ratio of 86.4x.
- Analysts are expecting annual earnings growth of 30.4%, which is lower than the prior year's growth of 59.5% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 15.9x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 59% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 11% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 533581 PG Electroplast | ₹566.65 | 3.4% +₹5.3b | -40.4% | PE63.4x | |
| KERNEX Kernex Microsystems (India) | ₹1.14k | 12.6% +₹2.1b | -25.1% | PE35.5x | |
| RPTECH Rashi Peripherals | ₹345.75 | 3.1% +₹688.7m | -21.1% | PE11.2x | |
| 512149 Avance Technologies | ₹1.33 | 18.8% +₹416.2m | 58.3% | PE214.3x | |
| KAYNES Kaynes Technology India | ₹4.05k | 0.1% +₹335.2m | -44.1% | PE71.7x |
