Kaynes Technology India Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Nov 07
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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis
UpdatedNov 07, 2025
DataAggregated Company Financials
Companies11
- 7D-5.3%
- 3M7.1%
- 1Y6.3%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has dropped 2.7%, driven by Kaynes Technology India declining 6.5%. On the other hand Aimtron Electronics is actually up 6.0%. Over the past 12 months, the industry was up 11%. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Indian Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Nov 2025 | ₹920.3b | ₹175.3b | ₹11.4b | 75.8x | 80.9x | 5.3x |
| Sun, 05 Oct 2025 | ₹972.6b | ₹171.5b | ₹10.5b | 76.2x | 92.4x | 5.7x |
| Tue, 02 Sep 2025 | ₹906.9b | ₹171.5b | ₹10.5b | 70.3x | 86.5x | 5.3x |
| Thu, 31 Jul 2025 | ₹909.7b | ₹167.3b | ₹10.3b | 79.2x | 88.6x | 5.4x |
| Sat, 28 Jun 2025 | ₹871.1b | ₹169.5b | ₹10.3b | 58.4x | 84.9x | 5.1x |
| Mon, 26 May 2025 | ₹865.1b | ₹167.4b | ₹10.0b | 64.7x | 86.7x | 5.2x |
| Wed, 23 Apr 2025 | ₹911.2b | ₹155.2b | ₹8.3b | 66.1x | 110x | 5.9x |
| Fri, 21 Mar 2025 | ₹782.4b | ₹155.2b | ₹8.3b | 59x | 94.4x | 5x |
| Sun, 16 Feb 2025 | ₹690.1b | ₹155.2b | ₹8.3b | 56.5x | 83.3x | 4.4x |
| Tue, 14 Jan 2025 | ₹874.9b | ₹144.6b | ₹7.4b | 69.8x | 117.8x | 6x |
| Thu, 12 Dec 2024 | ₹929.8b | ₹144.6b | ₹7.4b | 78.9x | 125.1x | 6.4x |
| Sat, 09 Nov 2024 | ₹812.9b | ₹139.6b | ₹7.1b | 85.1x | 114x | 5.8x |
| Mon, 07 Oct 2024 | ₹695.4b | ₹133.5b | ₹6.3b | 81.4x | 109.8x | 5.2x |
| Wed, 04 Sep 2024 | ₹672.9b | ₹133.5b | ₹6.3b | 79.2x | 106.2x | 5x |
| Fri, 02 Aug 2024 | ₹631.5b | ₹126.8b | ₹6.5b | 82.9x | 97.3x | 5x |
| Sun, 30 Jun 2024 | ₹568.8b | ₹117.9b | ₹5.7b | 84.7x | 100.2x | 4.8x |
| Tue, 28 May 2024 | ₹480.9b | ₹114.2b | ₹5.2b | 95.2x | 92.9x | 4.2x |
| Thu, 25 Apr 2024 | ₹429.6b | ₹106.2b | ₹5.0b | 86.3x | 86.1x | 4x |
| Sat, 23 Mar 2024 | ₹417.5b | ₹103.1b | ₹5.1b | 77.8x | 82.4x | 4x |
| Mon, 19 Feb 2024 | ₹432.6b | ₹103.1b | ₹5.1b | 70.4x | 85.4x | 4.2x |
| Wed, 17 Jan 2024 | ₹437.2b | ₹98.6b | ₹4.7b | 84.3x | 93.9x | 4.4x |
| Fri, 15 Dec 2023 | ₹428.4b | ₹98.6b | ₹4.7b | 72.6x | 92x | 4.3x |
| Sun, 12 Nov 2023 | ₹387.7b | ₹98.6b | ₹4.6b | 70.9x | 83.6x | 3.9x |
| Tue, 10 Oct 2023 | ₹418.1b | ₹93.3b | ₹4.6b | 69.4x | 91.2x | 4.5x |
| Thu, 07 Sep 2023 | ₹363.4b | ₹91.0b | ₹4.5b | 74.6x | 80.6x | 4x |
| Sat, 05 Aug 2023 | ₹313.5b | ₹89.5b | ₹4.4b | 63.8x | 71.9x | 3.5x |
| Mon, 03 Jul 2023 | ₹250.0b | ₹77.6b | ₹3.8b | 56.6x | 66.2x | 3.2x |
| Wed, 31 May 2023 | ₹224.0b | ₹74.8b | ₹3.8b | 54.5x | 59.5x | 3x |
| Fri, 28 Apr 2023 | ₹174.7b | ₹69.3b | ₹3.4b | 52.3x | 51.6x | 2.5x |
| Sun, 26 Mar 2023 | ₹140.2b | ₹60.9b | ₹2.8b | 49.3x | 51x | 2.3x |
| Tue, 21 Feb 2023 | ₹137.7b | ₹60.9b | ₹2.8b | 48.9x | 50.1x | 2.3x |
| Thu, 19 Jan 2023 | ₹133.7b | ₹54.5b | ₹2.3b | 52.1x | 59.2x | 2.5x |
| Sat, 17 Dec 2022 | ₹118.0b | ₹42.7b | ₹1.9b | 53.6x | 63.7x | 2.8x |
| Mon, 14 Nov 2022 | ₹75.0b | ₹29.4b | ₹1.2b | 40.1x | 63.7x | 2.5x |
Price to Earnings Ratio
63.7x
Current Industry PE
- Investors are relatively neutral on the Indian Electronic Manufacturing Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 85.9x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have grown 113% per year over the last three years.
- Revenues for these companies have grown 81% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Indian Electronic Manufacturing Services compare with similar industries?
| IN Market | -1.43% | |
| Tech | -1.62% | |
| Electronic Equipment and Components | -1.54% | |
| Electronic Manufacturing Services | -5.31% | |
| Technology Distributors | 6.10% | |
| Electronic Equipment and Instruments | 0.31% | |
| Electronic Components | -2.04% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AIMTRON Aimtron Electronics | ₹862.60 | 6.0% +₹998.2m | 77.9% | PE68.7x | |
| OSELDEVICE Osel Devices | ₹671.55 | 9.2% +₹912.1m | 212.9% | PE54x | |
| WEL Wonder Electricals | ₹150.43 | 3.0% +₹588.3m | -4.0% | PE109.9x | |
| VINYAS Vinyas Innovative Technologies | ₹1.18k | 1.0% +₹153.5m | 40.7% | PE76.6x |
