Earnings Miss: Kaynes Technology India Limited Missed EPS By 38% And Analysts Are Revising Their Forecasts
Feb 10
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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis
UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies11
- 7D11.5%
- 3M-16.5%
- 1Y2.5%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has risen 11%, driven by gains from Kaynes Technology India of 11%. During this same period, the Cyient DLM underperformed, falling 5.1%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 26% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 10 Feb 2026 | ₹774.6b | ₹190.2b | ₹12.7b | 60.2x | 60.9x | 4.1x |
| Thu, 08 Jan 2026 | ₹750.7b | ₹180.2b | ₹11.7b | 67.8x | 64x | 4.2x |
| Sat, 06 Dec 2025 | ₹767.0b | ₹180.5b | ₹11.7b | 62.8x | 65.4x | 4.2x |
| Mon, 03 Nov 2025 | ₹962.3b | ₹170.8b | ₹10.7b | 75.8x | 90x | 5.6x |
| Wed, 01 Oct 2025 | ₹936.8b | ₹171.5b | ₹10.5b | 73.7x | 89x | 5.5x |
| Fri, 29 Aug 2025 | ₹874.1b | ₹171.5b | ₹10.5b | 71x | 83.4x | 5.1x |
| Sun, 27 Jul 2025 | ₹903.9b | ₹167.3b | ₹10.3b | 78.9x | 88x | 5.4x |
| Tue, 24 Jun 2025 | ₹828.7b | ₹168.1b | ₹10.1b | 71x | 81.9x | 4.9x |
| Thu, 22 May 2025 | ₹864.8b | ₹163.4b | ₹9.6b | 65.2x | 90x | 5.3x |
| Sat, 19 Apr 2025 | ₹872.1b | ₹155.2b | ₹8.3b | 61.7x | 105.2x | 5.6x |
| Mon, 17 Mar 2025 | ₹717.1b | ₹155.2b | ₹8.3b | 53.2x | 86.5x | 4.6x |
| Wed, 12 Feb 2025 | ₹717.3b | ₹155.2b | ₹8.3b | 56x | 86.6x | 4.6x |
| Fri, 10 Jan 2025 | ₹961.9b | ₹144.6b | ₹7.4b | 73.9x | 129.5x | 6.7x |
| Sun, 08 Dec 2024 | ₹895.4b | ₹144.6b | ₹7.4b | 79.5x | 120.5x | 6.2x |
| Tue, 05 Nov 2024 | ₹758.8b | ₹138.8b | ₹7.0b | 79.5x | 108x | 5.5x |
| Thu, 03 Oct 2024 | ₹736.2b | ₹133.5b | ₹6.3b | 84.8x | 116.2x | 5.5x |
| Sat, 31 Aug 2024 | ₹666.1b | ₹133.5b | ₹6.3b | 79.3x | 105.1x | 5x |
| Mon, 29 Jul 2024 | ₹618.7b | ₹126.8b | ₹6.5b | 90.2x | 95.3x | 4.9x |
| Wed, 26 Jun 2024 | ₹572.4b | ₹117.6b | ₹5.6b | 96x | 101.7x | 4.9x |
| Fri, 24 May 2024 | ₹474.8b | ₹114.2b | ₹5.2b | 86.7x | 91.8x | 4.2x |
| Sun, 21 Apr 2024 | ₹418.1b | ₹105.1b | ₹4.9b | 85.3x | 85.5x | 4x |
| Tue, 19 Mar 2024 | ₹405.7b | ₹103.1b | ₹5.1b | 73.5x | 80.1x | 3.9x |
| Thu, 15 Feb 2024 | ₹431.5b | ₹102.5b | ₹5.0b | 69.6x | 86.1x | 4.2x |
| Sat, 13 Jan 2024 | ₹434.4b | ₹98.6b | ₹4.7b | 82.9x | 93.3x | 4.4x |
| Mon, 11 Dec 2023 | ₹407.5b | ₹98.6b | ₹4.7b | 69.1x | 87.6x | 4.1x |
| Wed, 08 Nov 2023 | ₹388.1b | ₹99.4b | ₹4.9b | 67.3x | 80x | 3.9x |
| Fri, 06 Oct 2023 | ₹393.7b | ₹91.0b | ₹4.5b | 73.9x | 87.3x | 4.3x |
| Sun, 03 Sep 2023 | ₹350.9b | ₹91.0b | ₹4.5b | 71.6x | 77.8x | 3.9x |
| Tue, 01 Aug 2023 | ₹318.8b | ₹86.4b | ₹4.1b | 74x | 78.1x | 3.7x |
| Thu, 29 Jun 2023 | ₹254.9b | ₹77.6b | ₹3.8b | 56.3x | 67.5x | 3.3x |
| Sat, 27 May 2023 | ₹215.0b | ₹73.7b | ₹3.9b | 50.9x | 55.6x | 2.9x |
| Mon, 24 Apr 2023 | ₹174.3b | ₹69.3b | ₹3.4b | 52.3x | 51.5x | 2.5x |
| Wed, 22 Mar 2023 | ₹142.6b | ₹60.9b | ₹2.8b | 50.2x | 51.9x | 2.3x |
| Fri, 17 Feb 2023 | ₹137.8b | ₹60.9b | ₹2.8b | 50x | 50.1x | 2.3x |
Price to Earnings Ratio
50.1x
Current Industry PE
- Investors are pessimistic on the Indian Electronic Manufacturing Services 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 60.9x which is lower than its 3-year average PE of 86.5x.
- The industry is trading close to its 3-year average PS ratio of 4.5x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have grown 67% per year over the last three years.
- Revenues for these companies have grown 46% 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 | 4.09% | |
| Tech | -4.53% | |
| Electronic Equipment and Components | 5.72% | |
| Electronic Manufacturing Services | 11.46% | |
| Electronic Components | 9.45% | |
| Technology Distributors | 2.89% | |
| Electronic Equipment and Instruments | 0.11% | |
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 | |
|---|---|---|---|---|---|
| KAYNES Kaynes Technology India | ₹3.96k | 11.5% +₹27.3b | -3.4% | PE68.3x | |
| 533581 PG Electroplast | ₹601.70 | 7.0% +₹11.3b | -25.2% | PE62x | |
| SYRMA Syrma SGS Technology | ₹874.50 | 6.6% +₹10.5b | 81.4% | PE59.7x | |
| AVALON Avalon Technologies | ₹1.05k | 3.1% +₹2.1b | 58.7% | PE73.2x | |
| AIMTRON Aimtron Electronics | ₹914.95 | 8.1% +₹1.4b | 120.9% | PE53.8x |
