Kaynes Technology India Limited

NSEI:KAYNES Stock Report

Market Cap: ₹210.1b

Kaynes Technology India Valuation

Is KAYNES undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of KAYNES when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KAYNES (₹3133.6) is trading above our estimate of future cash flow value (₹1484.72)

Significantly Below Future Cash Flow Value: KAYNES is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for KAYNES?

Key metric: As KAYNES is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for KAYNES. This is calculated by dividing KAYNES's market cap by their current earnings.
What is KAYNES's PE Ratio?
PE Ratio57.7x
Earnings₹3.64b
Market Cap₹210.06b

Price to Earnings Ratio vs Peers

How does KAYNES's PE Ratio compare to its peers?

The above table shows the PE ratio for KAYNES vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average79.3x
SYRMA Syrma SGS Technology
66x22.55%₹209.6b
533581 PG Electroplast
70.1x34.27%₹137.8b
SEDEMAC SEDEMAC Mechatronics
91.4x38.11%₹94.7b
AVALON Avalon Technologies
89.9x25.84%₹101.5b
KAYNES Kaynes Technology India
57.7x23.85%₹210.1b

Price-To-Earnings vs Peers: KAYNES is good value based on its Price-To-Earnings Ratio (57.7x) compared to the peer average (79.3x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does KAYNES's PE Ratio compare vs other companies in the IN Electronic Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
517393 Reganto Enterprises
5xn/aUS$13.34m
517288 Gujarat Poly Electronics
1.8xn/aUS$5.32m
524580 Priya
1.8xn/aUS$821.65k
No more companies available in this PE range
KAYNES 57.7xIndustry Avg. 36.5xNo. of Companies7PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: KAYNES is expensive based on its Price-To-Earnings Ratio (57.7x) compared to the Indian Electronic industry average (36.5x).

Price to Earnings Ratio vs Fair Ratio

What is KAYNES's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

KAYNES PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio57.7x
Fair PE Ratio48.9x

Price-To-Earnings vs Fair Ratio: KAYNES is expensive based on its Price-To-Earnings Ratio (57.7x) compared to the estimated Fair Price-To-Earnings Ratio (48.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst KAYNES forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,133.60
₹3,472.45
+10.81%
11.16%₹4,060.00₹2,647.00n/a22
May ’27₹4,044.40
₹4,513.57
+11.60%
16.17%₹6,000.00₹3,578.00n/a21
Apr ’27₹3,539.90
₹4,584.19
+29.50%
16.36%₹6,000.00₹3,578.00n/a21
Mar ’27₹3,856.50
₹4,612.33
+19.60%
15.66%₹6,000.00₹3,578.00n/a21
Feb ’27₹3,560.10
₹5,544.10
+55.73%
15.81%₹7,000.00₹3,750.00n/a21
Jan ’27₹3,943.50
₹6,153.29
+56.04%
19.39%₹8,200.00₹3,750.00n/a21
Dec ’26₹5,358.50
₹6,953.43
+29.76%
11.55%₹8,478.00₹5,703.00n/a21
Nov ’26₹6,704.50
₹6,740.26
+0.53%
13.74%₹8,604.00₹4,955.00n/a23
Oct ’26₹7,157.00
₹6,752.87
-5.65%
11.84%₹8,604.00₹5,390.00n/a23
Sep ’26₹6,600.00
₹6,636.64
+0.56%
10.20%₹7,878.00₹5,390.00n/a22
Aug ’26₹6,371.50
₹6,622.45
+3.94%
10.26%₹7,878.00₹5,390.00n/a22
Jul ’26₹6,140.50
₹6,139.95
-0.0089%
12.73%₹7,660.00₹4,280.00n/a21
Jun ’26₹5,980.00
₹6,131.45
+2.53%
13.04%₹7,660.00₹4,280.00n/a20
May ’26₹5,747.20
₹5,569.37
-3.09%
10.37%₹6,660.00₹4,365.00₹4,044.4019
Apr ’26₹4,795.10
₹5,471.58
+14.11%
10.27%₹6,633.00₹4,365.00₹3,539.9019
Mar ’26₹4,144.15
₹5,389.63
+30.05%
12.05%₹6,633.00₹3,660.00₹3,856.5019
Feb ’26₹4,892.85
₹5,400.68
+10.38%
11.82%₹6,633.00₹3,660.00₹3,560.1019
Jan ’26₹7,597.55
₹5,543.11
-27.04%
13.63%₹6,633.00₹3,800.00₹3,943.5019
Dec ’25₹5,987.45
₹5,413.00
-9.59%
15.21%₹6,633.00₹3,800.00₹5,358.5018
Nov ’25₹5,512.35
₹5,365.00
-2.67%
15.25%₹6,652.00₹3,800.00₹6,704.5019
Oct ’25₹5,466.40
₹4,682.84
-14.33%
16.01%₹6,652.00₹3,415.00₹7,157.0019
Sep ’25₹4,753.80
₹4,387.42
-7.71%
14.15%₹6,000.00₹3,233.00₹6,600.0019
Aug ’25₹4,378.20
₹4,334.79
-0.99%
11.89%₹5,000.00₹3,233.00₹6,371.5019
Jul ’25₹3,974.05
₹3,628.05
-8.71%
14.65%₹4,860.00₹2,685.00₹6,140.5019
Jun ’25₹3,388.80
₹3,443.00
+1.60%
13.35%₹4,200.00₹2,440.00₹5,980.0018
May ’25₹2,664.50
₹3,012.06
+13.04%
14.12%₹4,050.00₹2,330.00₹5,747.2018
₹3.47k
Fair Value
9.8% undervalued intrinsic discount
22
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/29 22:57
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Kaynes Technology India Limited is covered by 33 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Vijayaraghavan SwaminathanAvendus Spark
Ravi SwaminathanAvendus Spark