After Leaping 27% Kaynes Technology India Limited (NSE:KAYNES) Shares Are Not Flying Under The Radar
Jun 01
Indian (NIFTY) Electronic Equipment and Components Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies61
- 7D-1.3%
- 3M10.4%
- 1Y51.5%
- YTD16.8%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.3%, driven by Redington declining 4.0%. This takes the industry's 12 month performance to a gain of 52%. Earnings are forecast to grow by 28% 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 |
|---|---|---|---|---|---|---|
| Sun, 02 Jun 2024 | ₹1.5t | ₹1.3t | ₹32.5b | 41.8x | 44.8x | 1.1x |
| Tue, 30 Apr 2024 | ₹1.4t | ₹1.3t | ₹31.4b | 56.9x | 44.5x | 1.1x |
| Thu, 28 Mar 2024 | ₹1.2t | ₹1.3t | ₹31.4b | 48.9x | 39.5x | 1x |
| Sat, 24 Feb 2024 | ₹1.3t | ₹1.3t | ₹31.4b | 51.6x | 41x | 1x |
| Mon, 22 Jan 2024 | ₹1.2t | ₹1.1t | ₹29.7b | 59.1x | 40.4x | 1.1x |
| Wed, 20 Dec 2023 | ₹1.2t | ₹1.1t | ₹29.7b | 53.9x | 39.6x | 1x |
| Fri, 17 Nov 2023 | ₹1.1t | ₹1.1t | ₹30.0b | 54.9x | 37.2x | 1x |
| Sun, 15 Oct 2023 | ₹1.2t | ₹1.1t | ₹29.9b | 50.3x | 38.6x | 1.1x |
| Tue, 12 Sep 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 50.1x | 38.1x | 1x |
| Thu, 10 Aug 2023 | ₹1.0t | ₹1.1t | ₹29.2b | 50.4x | 35.1x | 1x |
| Sat, 08 Jul 2023 | ₹952.2b | ₹1.0t | ₹30.0b | 45.3x | 31.7x | 0.9x |
| Mon, 05 Jun 2023 | ₹877.8b | ₹1.0t | ₹30.0b | 38.7x | 29.3x | 0.9x |
| Wed, 03 May 2023 | ₹740.9b | ₹968.4b | ₹25.0b | 27.3x | 29.7x | 0.8x |
| Fri, 31 Mar 2023 | ₹701.3b | ₹960.0b | ₹24.4b | 24x | 28.8x | 0.7x |
| Sun, 26 Feb 2023 | ₹719.1b | ₹959.9b | ₹24.4b | 23.8x | 29.5x | 0.7x |
| Tue, 24 Jan 2023 | ₹757.8b | ₹896.8b | ₹23.5b | 30x | 32.3x | 0.8x |
| Thu, 22 Dec 2022 | ₹744.1b | ₹884.8b | ₹23.0b | 31.1x | 32.3x | 0.8x |
| Sat, 19 Nov 2022 | ₹682.5b | ₹876.6b | ₹22.7b | 27.9x | 30.1x | 0.8x |
| Mon, 17 Oct 2022 | ₹629.4b | ₹826.0b | ₹21.8b | 27.9x | 28.9x | 0.8x |
| Wed, 14 Sep 2022 | ₹621.6b | ₹815.7b | ₹21.2b | 23.4x | 29.3x | 0.8x |
| Fri, 12 Aug 2022 | ₹594.8b | ₹805.5b | ₹20.4b | 24.2x | 29.1x | 0.7x |
| Sun, 10 Jul 2022 | ₹546.4b | ₹768.3b | ₹19.3b | 26.2x | 28.3x | 0.7x |
| Tue, 07 Jun 2022 | ₹511.4b | ₹768.9b | ₹19.0b | 27.9x | 27x | 0.7x |
| Thu, 05 May 2022 | ₹603.2b | ₹744.1b | ₹17.7b | 35.6x | 34.1x | 0.8x |
| Sat, 02 Apr 2022 | ₹600.0b | ₹743.1b | ₹17.8b | 39.2x | 33.7x | 0.8x |
| Mon, 28 Feb 2022 | ₹590.9b | ₹743.1b | ₹17.8b | 34.2x | 33.2x | 0.8x |
| Wed, 26 Jan 2022 | ₹627.7b | ₹738.2b | ₹16.6b | 40.6x | 37.9x | 0.9x |
| Fri, 24 Dec 2021 | ₹586.0b | ₹738.2b | ₹16.6b | 33.4x | 35.4x | 0.8x |
| Sun, 21 Nov 2021 | ₹580.8b | ₹737.6b | ₹16.5b | 35.9x | 35.3x | 0.8x |
| Tue, 19 Oct 2021 | ₹633.3b | ₹719.3b | ₹15.4b | 26.4x | 41.1x | 0.9x |
| Thu, 16 Sep 2021 | ₹596.3b | ₹718.5b | ₹15.3b | 24.2x | 38.9x | 0.8x |
| Sat, 14 Aug 2021 | ₹570.2b | ₹718.5b | ₹15.4b | 21.9x | 37.1x | 0.8x |
| Wed, 09 Jun 2021 | ₹550.0b | ₹687.0b | ₹13.5b | 21x | 40.8x | 0.8x |
Price to Earnings Ratio
40.8x
Current Industry PE
- Investors are optimistic on the Indian Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 44.8x which is higher than its 3-year average PE of 34.7x.
- The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 34% 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 | -1.89% | |
| Tech | -3.77% | |
| Electronic Equipment and Components | -1.32% | |
| Electronic Manufacturing Services | 0.60% | |
| Electronic Equipment and Instruments | -1.77% | |
| Electronic Components | -2.07% | |
| Technology Distributors | -3.63% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio of 63.6x.
- Analysts are expecting annual earnings growth of 31.6%, which is lower than the prior year's growth of 62.0% per year.
- Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 13.7x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 100% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| KAYNES Kaynes Technology India | ₹3.39k | 2.4% +₹5.0b | 141.9% | PE118.2x | |
| VINYAS Vinyas Innovative Technologies | ₹827.65 | 9.1% +₹864.6m | n/a | PE104.5x | |
| 517544 Centum Electronics | ₹1.75k | 3.7% +₹809.8m | 57.3% | PS2.1x | |
| DCI DC Infotech and Communication | ₹239.60 | 15.3% +₹412.8m | 46.0% | PE32.6x | |
| DLINKINDIA D-Link (India) | ₹418.30 | 2.3% +₹340.8m | 81.2% | PE16x |