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Kaynes Technology India Ltd

| Audited Standalone Financial Results – Q4 & FY2026

BULLISH SENTIMENT

Report Source

⬤13th May 26

Summary : Kaynes Technology reported strong financial growth, re-appointed key directors, and outlined significant capital expansion plans and acquisitions.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Standalone Cost of materials consumed: Q4 FY26: 5,657.96 million, FY26: 16,602.32 million.
  2. Consolidated Cost of materials consumed: Q4 FY26: 9,208.87 million, FY26: 25,422.22 million.
  3. Standalone Employee benefit expenses: Q4 FY26: 345.12 million, FY26: 1,192.09 million.
  4. Consolidated Employee benefit expenses: Q4 FY26: 907.59 million, FY26: 3,135.54 million.
  5. Standalone Revenue from operations: Q4 FY26: 6,881.13 million, FY26: 21,278.18 million.
  6. Consolidated Revenue from operations: Q4 FY26: 12,426.38 million, FY26: 36,263.54 million.
  7. Standalone Net Cash from Operating Activities: FY26: 2,466.46 million.
  8. Consolidated Net Cash from Operating Activities: FY26: 6,004.04 million.
  9. Standalone Net Cash from Investing Activities: FY26: (14,368.02) million.
  10. Consolidated Net Cash from Investing Activities: FY26: (9,172.18) million.
  11. Standalone Net Cash from Financing Activities: FY26: 12,112.14 million.
  12. Consolidated Net Cash from Financing Activities: FY26: 15,796.29 million.
  13. Standalone Total Assets: FY26: 54,786.82 million.
  14. Consolidated Total Assets: FY26: 68,940.15 million.
  15. Standalone Total Equity: FY26: 44,997.08 million.
  16. Consolidated Total Equity: FY26: 47,624.88 million.
  17. Standalone Non-Current Assets: FY26: 10,516.78 million.
  18. Consolidated Non-Current Assets: FY26: 30,467.26 million.
  19. Standalone Current Assets: FY26: 44,270.04 million.
  20. Consolidated Current Assets: FY26: 38,472.89 million.
  21. Both standalone and consolidated results presented and audited.
  22. Consolidated results include 20 subsidiaries.

Corporate Overview

  1. India (Mysuru, Manesar, Chamarajanagar, Bengaluru, Chennai, Hyderabad)
  2. Europe (Germany)
  3. US (Digicom Electronics Inc, Essnkay Electronics LLC, Sensonic US Inc)
  4. UK (Sensonic-UK Limited)
  5. Canada (August Electronics Inc)
  6. Electronics System Design and Manufacturing (ESDM) Segment
  7. Factual and formal, reporting board decisions and financial results.
  8. Funding capital expenditure for existing manufacturing facilities in Mysuru and Manesar.
  9. Investment in subsidiary for new facility at Chamarajanagar.
  10. Part funding OSAT facility establishment.
  11. Part funding PCB facility establishment.
  12. Funding inorganic growth opportunities, including acquisitions.
  13. Acquired 76% stake in Aerocaliph Components Private Limited and Cryo Precision Technologies Private Limited.

Risk Factors

  1. Potential impact of new labor codes.
  2. Unaudited financial results of some subsidiaries.
  3. Foreign subsidiary financial statement conversion.

Key Drivers

  1. Strong financial performance and growth.
  2. Successful capital raising via IPO, QIP.
  3. Significant expansion of manufacturing facilities.
  4. Strategic acquisitions in ESDM segment.

Auditor’s Report

  1. Unmodified opinion on standalone and consolidated financial results.
  2. Standalone results for Q4 FY26 are balancing figure between audited full year and unaudited Q3.
  3. Consolidated results for Q4 FY26 are balancing figure between audited full year and unaudited Q3.
  4. Unaudited financial results of 3 subsidiaries included, not material to Group.
  5. Financial statements of 8 foreign subsidiaries are unaudited, converted by management.

Board Commentary

  1. Re-appointment of Mr. Alexander Koshy as Independent Director for 5 years.
  2. Re-appointment of Ms. Poornima Ranganath as Independent Director for 5 years.
  3. Re-appointment of Mr. Jairam Paravastu Sampath as Whole-time Director for 5 years.
  4. Appointment of Mr. Rajesh Balkrishna Mittal as Additional Non-Executive Independent Director for 5 years.
  5. Appointment of Mr. Annadurai Mylswamy as Additional Non-Executive Independent Director for 5 years.
  6. Appointment of Messrs. GA Associates as Cost Auditor for FY 2026-27.
  7. Board meeting held pursuant to SEBI Listing Regulations.
  8. Re-appointments and appointments subject to shareholder approval.
  9. Impact of new Labour Codes on defined benefit obligations.
  10. IPO proceeds utilized for borrowings, capex, working capital, general corporate purposes.
  11. QIP proceeds utilized for OSAT, PCB facilities, working capital, inorganic growth.
  12. Acquisition of 76% stake in Aerocaliph Components Private Limited and Cryo Precision Technologies Private Limited.

Corporate Governance

  1. Auditors confirm compliance with Code of Ethics.
  2. Independent Directors re-appointed: Mr. Alexander Koshy, Ms. Poornima Ranganath.
  3. Additional Independent Directors appointed: Mr. Rajesh Balkrishna Mittal, Mr. Annadurai Mylswamy.
  4. Independent Directors meet prescribed criteria and are not related to other directors.
  5. Nomination and Remuneration Committee.
  6. Audit Committee.