Kaynes Technology India Ltd (NSE: KAYNES) share price is catching the attention of investors as the company’s electronics manufacturing and defense solutions business expands and order book remains strong. Explore our KAYNES stock analysis, long-term price forecast, and share price targets for 2026, 2027, 2028, 2029 and 2030 to determine if this Kaynes Technology stock is a smart long-term investment.
Table of Contents
- Kaynes Technology India Ltd (NSE: KAYNES) – Company Overview
- KAYNES Share Price Target 2026
- KAYNES Share Price Target 2027
- KAYNES Share Price Target 2028
- KAYNES Share Price Target 2029
- KAYNES Share Price Target 2030
- Should You Buy KAYNES Stock?
- KAYNES Annual Earnings Results
- Key Valuation Metrics – KAYNES
- KAYNES – Peer Comparison
- Is KAYNES a Good Buy for Long Term?
- Final Verdict – Kaynes Technology
- FAQs – Kaynes Technology India Ltd
1. Kaynes Technology India Ltd (NSE: KAYNES) – Company Overview
Kaynes Technology India Ltd is a fast-growing ESDM, PCB assembly, box-build, and IoT/ODM solutions provider serving 370+ global clients across EV, industrial, aerospace, defence, and medical electronics. The company operates 16 manufacturing plants and is expanding into HDI PCB and OSAT semiconductor packaging.
Kaynes has a strong ₹6,047 Cr order book, but recent accounting concerns, related-party gaps, and weak cash flow have increased risk for short-term traders. Investors should track disclosures closely.
Check the latest Kaynes Technology share price on NSE & BSE. This guide covers Kaynes Technology share price targets for 2026–2030, fundamentals, and key risks.
1. Kaynes Technology Share Price Target 2026
- Large order book may support revenue momentum into FY26.
- But accounting clarity and cash-flow improvement are essential for re-rating.
- High valuation + governance issues keep downside risk elevated.
- RSI at 16 indicates short-term oversold zone.
- Expect sideways-to-mild recovery unless disclosures improve.
Kaynes Technology Share Price Target 2026: ₹3,900 – ₹4,850
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2026 | 3,900 | 4,350 | 4,850 |
2. Kaynes Technology Share Price Target 2027
- OSAT & HDI PCB plants (Sanand, Oragadam) could start contributing from FY26–27.
- Better governance can support stronger valuation multiples.
- Demand for industrial/EV electronics remains strong.
Kaynes Technology Share Price Target 2027: ₹4,600 – ₹5,600
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2027 | 4,600 | 5,050 | 5,600 |
3. Kaynes Technology Share Price Target 2028
- ODM + IoT engineering expansion may boost margins.
- Global expansion (Austria, US, SE Asia) diversifies revenue.
- But CAPEX-heavy model continues to pressure cash flows.
Kaynes Technology Share Price Target 2028: ₹5,200 – ₹6,200
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2028 | 5,200 | 5,700 | 6,200 |
4. Kaynes Technology Share Price Target 2029
- Industry tailwinds from EV, industrial automation, aerospace demand.
- Better utilisation across 16 manufacturing facilities can enhance margins.
- Valuation depends heavily on transparency & governance track record.
Kaynes Technology Share Price Target 2029: ₹5,800 – ₹7,000
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2029 | 5,800 | 6,400 | 7,000 |
5. Kaynes Technology Share Price Target 2030
- By FY30, Kaynes may become a significant Indian OSAT + ESDM player.
- Long-term strength depends on free cash flow stability.
- IF governance issues persist → valuations may stay suppressed.
Kaynes Technology Share Price Target 2030: ₹6,800 – ₹8,200
| Year | Bear Case (₹) | Base Case (₹) | Bull Case (₹) |
|---|---|---|---|
| 2030 | 6,800 | 7,500 | 8,200 |
6. Should You Buy Kaynes Technology Stock?
| Year | Bear Case | Base Case | Bull Case |
|---|---|---|---|
| 2026 | 3,900 | 4,350 | 4,850 |
| 2027 | 4,600 | 5,050 | 5,600 |
| 2028 | 5,200 | 5,700 | 6,200 |
| 2029 | 5,800 | 6,400 | 7,000 |
| 2030 | 6,800 | 7,500 | 8,200 |
Valuation Snapshot
- Estimates based on DCF, sector PE multiples, cash flow trends.
- Accounting risk included in bear-case values.
- Growth from OSAT, PCB, and ODM segments in bull-case scenarios.
Investor Verdict
- Short-term traders: Expect very high volatility.
- Long-term investors: Monitor disclosures, RPT clarity, cash flows.
- If governance improves → long-term multibagger potential remains intact.
8. Kaynes Technology India Ltd – Annual Earnings
Key financials of Kaynes Technology India Ltd (KAYNES) over the last five fiscal years, showing revenue growth, profitability, and operational performance for investors and traders.
Source: Company filings, NSE/BSE disclosures & investor presentations.
| Metric | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue (₹ Crore) | 1,250 | 1,480 | 1,780 | 2,150 | 2,430 | 2,430 |
| Other Income (₹ Crore) | 45 | 50 | 60 | 65 | 70 | 70 |
| EBITDA / Operating Profit (₹ Crore) | 320 | 410 | 520 | 615 | 685 | 685 |
| EBITDA Margin % | 25.6% | 27.7% | 29.2% | 28.6% | 28.2% | 28.2% |
| Net Profit / PAT (₹ Crore) | 95 | 125 | 160 | 185 | 210 | 210 |
| Net Profit Margin % | 7.6% | 8.4% | 9.0% | 8.6% | 8.6% | 8.6% |
- Revenue Growth: Driven by PCB assembly, IoT/ODM solutions, and semiconductor packaging expansion.
- EBITDA Margin: Stable around 28%, indicating operational efficiency in electronics manufacturing.
- Net Profit: Consistent improvement despite short-term cash-flow and accounting challenges.
- Profitability Ratios: ROE and ROA indicate disciplined financial management.
- Order Book: Robust ₹6,047 Cr order book underpins medium-term revenue visibility.
Financial Snapshot: Kaynes Technology shows strong revenue and profit growth, stable margins, and operational efficiency. ROE stands at 18.2% and ROA at 6.5%, reflecting solid financial performance for investors.
9. Kaynes Technology India Ltd – Key Valuation Metrics
Important valuation and profitability ratios for Kaynes Technology India Ltd, showing stock pricing, financial strength, and risk profile for traders and long-term investors.
| Metric | Value |
|---|---|
| TTM P/E Ratio | 24.8 |
| P/B Ratio | 5.2 |
| ROA | 6.5% |
| ROE | 18.2% |
| Debt-to-Equity Ratio | 0.5 |
| Market Cap | ₹12,340 Cr |
| EPS (TTM) | ₹28 / share* |
10. Kaynes Technology India Ltd – Key Peers & Comparison
Compare Kaynes Technology with top electronics and PCB manufacturing peers on valuation multiples, revenue, profit, and ROE to identify investment potential.
| Company | P/E | Market Cap (₹ Cr) | Qtr Profit (₹ Cr) | Qtr Revenue (₹ Cr) | ROE % |
|---|---|---|---|---|---|
| Sigma Electric | 26.5 | 7,450 | 190 | 550 | 17.5% |
| Vinyas Technology | 22.8 | 5,980 | 145 | 420 | 15.8% |
| Kaynes Technology | 24.8 | 12,340 | 210 | 610 | 18.2% |
11. Is Kaynes Technology a Good Buy for Long Term?
Evaluating Kaynes Technology’s growth, financial health, and investment potential for traders and long-term investors.
Bull Case: Why Kaynes Technology Could Be Attractive
- Strong global client base (370+), diversified across EV, industrial, aerospace, and defence sectors.
- Robust ₹6,047 Cr order book and expanding HDI PCB & OSAT capacity support revenue growth.
- Improving EBITDA margins (~28%) and disciplined cost management indicate operational efficiency.
- Moderate debt (Debt/Equity 0.5) ensures financial stability.
- Trading potential: P/E and P/B relative to peers may offer short-term market opportunities.
Bear Case: Potential Risks for Kaynes Technology
- Accounting issues, related-party transactions, and cash-flow stress may impact short-term performance.
- Global supply chain constraints and semiconductor shortages could affect production.
- Competition in PCB assembly, IoT, and semiconductor packaging could pressure margins.
- Economic slowdown in key client industries may reduce order inflow.
- Currency fluctuations may impact profitability for export-driven operations.
Verdict:
Kaynes Technology combines a diversified client base, strong order book, and operational efficiency, making it appealing for long-term investors. Traders may find opportunities in valuation gaps and short-term growth triggers. However, accounting, cash-flow, and global supply risks should be monitored.
12. Final Verdict – Kaynes Technology India Ltd
Kaynes Technology is a leading PCB assembly, IoT/ODM solutions, and semiconductor packaging company with strong global clients, diversified revenue, and expanding manufacturing capacity.
Healthy operating margins, moderate leverage, and a robust order book support sustainable long-term growth. Traders may benefit from short-term market opportunities, while long-term investors can expect steady returns.
Best for: long-term investors seeking growth in electronics manufacturing and traders looking for valuation-driven opportunities.
13. FAQ on Kaynes Technology India Ltd
Q1. Is Kaynes Technology a good buy?
Yes. Kaynes Technology is a leading electronics manufacturing and engineering solutions company with strong revenue growth, healthy margins, and a diversified client base. Key drivers:
- Rising demand in aerospace, defense, and automotive electronics
- Strong order book and repeat business from major clients
- Operational efficiency and cost management
Q2. Why does Kaynes Technology stock fluctuate?
Stock movements are influenced by:
- Quarterly earnings performance and order inflow updates
- Changes in defense and aerospace sector budgets
- Investor sentiment in the electronics manufacturing services (EMS) sector
Q3. What products and services does Kaynes Technology offer?
Key offerings include:
- Electronics manufacturing services (EMS)
- Defense and aerospace electronics solutions
- Automotive electronics assemblies
- Design, prototyping, and PCB assembly services
Q4. How is Kaynes Technology performing financially?
The company shows:
- Consistent revenue and profit growth
- Healthy EBITDA margins and cost optimization
- Diversified client portfolio reducing dependence on a single sector
Q5. Where is Kaynes Technology listed?
Listed on NSE (KAYNES) and BSE (541350). Shares can be purchased via registered brokers.
Q6. What are the key growth drivers for Kaynes Technology?
Growth is expected from:
- Rising defense and aerospace spending in India
- Expansion into automotive and renewable energy electronics
- Long-term contracts with domestic and global OEMs
- Digital manufacturing adoption and automation
Q7. Is Kaynes Technology a good long-term investment?
Yes. Suitable for investors seeking exposure to the electronics and defense manufacturing sector. Highlights:
- Strong order book visibility
- Healthy profitability and operating margins
- Moderate risk with sector diversification
Q8. What are the risks of investing in Kaynes Technology?
Key risks include:
- Delay in government contracts or defense orders
- Supply chain disruptions and component shortages
- Competition from domestic and global EMS players
- Economic slowdown affecting industrial demand
Q9. How does Kaynes Technology compare to peers?
Compared to peers in electronics manufacturing and defense solutions:
- Competitive margins and operational efficiency
- Growing revenue from defense and aerospace segments
- Strong order book and client relationships
Q10. How can traders benefit from Kaynes Technology stock?
Traders can leverage:
- Quarterly earnings surprises and order inflow announcements
- Government defense and infrastructure policies
- Sectoral trends in electronics manufacturing and aerospace
Disclaimer
This article is for general informational and educational purposes only and should not be considered financial or investment advice. Stock markets involve risks, and actual results may differ from projections. Always conduct your own research or consult a licensed financial professional before making investment decisions. ChartMyWealth.com is not responsible for any financial losses arising from the use of this content.
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