Kaynes Technology India Ltd. · NSE:KAYNES
Kaynes Technology India — Q3 FY26 Earnings Presentation
34 slides from Kaynes Technology India's earnings presentation, Feb 5, 2026
Slide 1: Exchange intimation letter under Regulation 30
February 05, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Dept., Exchange Plaza, Plot no. C/1, G Block, 14th floor, P. J. Tower, Bandra-Kurla Complex, Dalal Street, Fort Bandra (E), Mumbai - 400 001 Mumbai - 400 051 Scrip Code – 543664 Scrip Symbol – KAYNES Dear S
Slide 2: Kaynes Technology India Limited Investor Presentation February 2026
Kaynes Technology India Limited Investor Presentation | February 2026
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Kaynes Technology India Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or disse
Slide 4: Financial Highlights
r) Financial Highlights
Slide 5: 9MFY26 Results Snapshot (Consolidated)
9MFY25 Results Snapshot (Consolidated) ₹ 90,722 mn ₹ 23,837 mn ₹ 3,778 mn 15.9% Order Book Revenue EBITDA EBITDA Margin ₹ 60,471 mn as of Dec-24 37% YoY 55% YoY 190 bps YoY ₹ 2,726 mn 11.4% ₹ 46,816 mn ₹ 6,656 mn Profit After Tax PAT Margin Networth Net Debt 54% YoY 120 bps YoY ₹ 27,077 mn as of Dec
Slide 6: Q3 FY26 Results Snapshot (Consolidated)
Q3 FY26 Results Snapshot (Consolidated) ₹ 8,040 mn ₹ 1,168 mn 14.5% Revenue EBITDA EBITDA Margin 22% YoY 24% YoY 30 bps YoY ₹766 mn 9.5% 249 mn Profit After Tax PAT Margin Finance Cost 15% YoY -60 bps YoY -8% YoY ROCE, ROE and Net debt are adjusted for unutilized IPO & QIP proceeds. 5
Slide 7: Consistent quarterly financial performance – Q3 FY26
Consistent quarterly financial performance – Q3 FY26 Revenue (₹ Mn) Gross Margins (%) 9,845 9,062 8,040 41.3% 6,612 6,735 32.1% 33.6% 34.5% 30.8% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 EBITDA Margin (%) PAT Margin (%) 17.1% 16.8% 16.3% 13.4% 11.8% 11.1% 14.5%
Slide 8: Diversified Revenue Mix
Diversified Revenue Mix 9M FY26 Revenue across verticals 9M FY25 Automotive 6% Automotive 9% Industrial incl EV 2% Industrial incl EV 2% 6% 1% 7% 2% 27% 28% Aerospace, Outer-space & Aerospace, Outer-space & Strategic Electronics Strategic Electronics Medical Medical Railways Railways 54% 55% IoT / I
Slide 9: Consistent financial performance
Consistent financial performance Gross Block (₹ Mn) Asset Turnover ratio (x) 13,606 3.4 2.3 6,749 9M FY25 9M FY26 9M FY25 9M FY26 Net Debt/Equity (x) Networth (₹ Mn) 46,816 0.2 0.1 27,077 9M FY25 9M FY26 9M FY25 9M FY26 Note: Asset Turnover Ratio is annualized 8
Slide 10: Consistent financial performance
Consistent financial performance Net Working Capital Days Inventory Days 139 116 118 107 9M FY25 9M FY26 9M FY25 9M FY26 Receivable Days Payable Days 139 117 81 73 9M FY25 9M FY26 9M FY25 9M FY26 9
Slide 11: Q3 FY26 and 9M FY26 - Profit & Loss Statement (Consolidated)
Q3 FY26 and 9M FY26 - Profit & Loss Statement (Consolidated) Particulars (₹ Mn) Q3 FY25 Q3 FY26 YoY 9M FY25 9M FY26 YoY Revenue from operations 6,612 8,040 22% 17,373 23,837 37% Raw material cost 4,573 5,265 15% 12,311 15,234 24% Employee expenses 578 866 50% 1,312 2,228 70% Other expenses 520 716 3
Slide 12: Profit & Loss Statements (Consolidated)
Profit & Loss Statements (Consolidated) Particulars (₹ Mn) FY23 FY24 FY25 Revenue from operations 11,261 18,046 27,218 Raw material cost 7,801 13,299 18,997 Employee expenses 771 1,028 1,781 Other expenses 1,006 1,178 2,333 EBITDA 1,683 2,542 4,107 EBITDA margin (%) 14.9% 14.1% 15.1% Depreciation an
Slide 13: Balance Sheets (Consolidated)
Balance Sheets (Consolidated) Particulars (₹ Mn) FY23 FY24 FY25 Gross Block (tangible assets) 1,451 3,276 6,263 Accumulated Depreciation 549 682 1,218 Net Block (tangible assets) 902 2,594 5,045 Intangible assets 426 620 2,381 Other non-current assets 552 3,571 12,154 Total non-current assets 1,880
Slide 14: Cash Flow Statements (Consolidated)
Cash Flow Statements (Consolidated) Particulars (₹ Mn) FY23 FY24 FY25 Cash flow from operating activities Profit before tax 1,260 2,316 3,716 Adjustment for non-operating items 452 401 626 Operating profit before working capital changes 1,713 2,717 4,343 (Increase)/ decrease in inventories -1868 -1,
Slide 15: Company Overview
r) Company Overview
Slide 16: Company Overview
Company Overview Over 3 decades of experience in providing conceptual design, process engineering, integrated manufacturing and life-cycle support to OEMs Leading integrated and IoT enabled solutions provider, having capabilities across the entire spectrum of ESDM1,2 Caters to multiple industry vert
Slide 17: Leading integrated Electronics player in India
Leading integrated Electronics player in India With backward integration into PCB and vertical integration in OSAT Well Positioned to Better involvement in deliver the larger electronics comprehensive and supply chain, integrated solutions spanning across wafer to customers to end user product Print
Slide 18: Diversified product portfolio
Diversified product portfolio Aerospace, Outerspace & IOT/IT, Cons and others Automotive Industrial & EV Railways Medical Strategic electronics Cluster PCBA Engine Control Panel UM71 - Receiver Endoscopy cart & ICP HH Sonar Bar Code Scanner & sensor module RFID gateway LED Headlamp/Tail X-ray & Dent
Slide 19: Revenue mix
Revenue mix- Pie chart change FY25 Revenue across geographies Low customer concentration FY25 1% 67% 1% 4% India 46% 5% North America Europe 91% SE Asia 16% Others Top 1 Top 5 Top 10 FY25 Revenue across segments Revenue across verticals FY25 18% Automotive OEM – Turnkey – Box Build 8% 2% 7% Industri
Slide 20: Marquee customer base
Marquee customer base Industry Industrial Railways Automotive Medical Aerospace+ Others1 IoT / IT and others Leading global mfg of Key Customers electronic instruments and electromechanical devices Long standing relationship with clients** INR Mn Strong order book INR Mn Average business period rela
Slide 21: R&D & Engineering, Certifications and Supply Chain
R&D & Engineering, Certifications and Supply Chain Focused on development of Dedicated research facility Operations complying with Facilities approved by new products and at Mysore, Bangaluru & global standards with 13 global certifications improvement existing Ahmedabad with a 200+ global accredita
Slide 22: Capacity for Manufacturing at Local & Global Scale
Capacity for Manufacturing at Local & Global Scale Augmented by Technical Capabilities Kathua, Jammu Manesar, Haryana - Unit 1 CANADA Parwanoo, Himachal Pradesh Manesar, Haryana - Unit 2 August Electronics Pune, Maharashtra USA Sanand, Gujarat Digicom Ahmedabad, Gujarat Navi Mumbai, Maharashtra For
Slide 23: Kaynes Expansion – Chamarajanagar
Kaynes Expansion – Chamarajanagar • Built-up area of ~ 350K sq ft • Well supported by ancillary facilities of existing units / expansion plans • Phase-I: Alpha & Beta Ready (~100K sq ft) • Phase-II: • Gamma now operational i.e. ~240,000 sq ft • Clean Room of Class 10K • Wire Bonding • Box Build • Ae
Slide 24: Kaynes Expansion – Hyderabad
Kaynes Expansion – Hyderabad • Location: Kongara Kalan (Near Hyderabad Airport) • Total Plant Area: 70K SFT • SMT Lines -1 Number • Plastic Injection Machines- 29 NOS (80 -350 TON)
Slide 25: Backward integration – OSAT & HDI PCB subsidiaries
Backward integration – OSAT & HDI PCB subsidiaries
Slide 26: Kaynes Semicon – Sanand
Kaynes Semicon – Sanand • Built-up area Unit 1 – Plant 1 area of ~ 2,1000 Sq ft • Built up area Unit 1- Plant 2 area of ~ 241K Sq ft • Phase 2 Expansion- 236K Sq ft • Key Packages include: • Legacy packages: QFN, TO • Semi- Advance Packages: BGA, Flip Chip BGA • Advance Packages: 2D, 2.5D, 3 D along
Slide 27: Kaynes Circuits – Chennai
Kaynes Circuits – Chennai • 1. About 5 Million SQ MT of PCB Manufacturing Capacity in India • 2. Multi Layer PCB both Rigid and Rigid Flex (High Layer Count Printed Circuit Boards, of up to 74 layers). • 3. HDI PCB (High Density Interconnect Boards) • 4. Flexible PCB (up to 16 layers.) • Key Are
Slide 28: Key Investments & Acquisitions
Key Investments & Acquisitions
Slide 29: Key Investments & Acquisitions Driving Technological & Global Reach
Key Investments & Acquisitions Driving Technological & Global Reach August Electronics Inc. • Overview: Canada-based EMS provider catering to high-reliability sectors such as energy, medical, telecom, and industrial • Core Capabilities: Consumer electronics manufacturing, Medical device manufacturin
Slide 30: Industry Overview
r) Industry Overview
Slide 31: Industry Update (ESDM)
Industry Update (ESDM) Global ESDM Market Size (US $ BN) Global ESDM Segment CAGR from CY 2023 to CY 2027 (E) CAGR 5.2% Medical, 5.9% Mobile Phone, 4.4% 1,203 1,090 1,145 1,038 IT, 5.3% 984 880 928 Automotive, 6.0% Consumer Electronics & Appliances, 5.2% Industrial, 5.9% CY21 CY22 CY23 CY24 CY25 CY2
Slide 32: Industry Update (PCBA)
Industry Update (PCBA) Global PCBA Industry Market Size (US $ BN) Global PCBA Market Share by Industry CAGR 4.4% Automotive 4.4% 710 740 680 Medical 5.3% 620 650 580 600 590 540 560 IT and 525 Consumer Peripherals 32% Electronics & Power and Energy Telecom/Mobile 10% Lighting 5.9% CY16 CY17 CY18 CY1
Slide 33: Industry Update (3/3)
Industry Update (3/3) Global PCB Industry Market Size (US $ bn)1 Global OSAT Industry Market Size (US $ bn) CAGR 6.3% CAGR 7.9% 113.49 99.37 71.57 46.5 50.18 2024 2032 2025 2026 2035 • Demand driven by key factors such as growth in consumer electronics, industrial automation, • While the Asia-Pacifi
Slide 34: Thank You
COMPANY : Kaynes Technology India Limited CIN: L29128KA2008PLC045825 Name: Mr. Jairam P Sampath Whole-time Director & Chief Financial Officer Email: ir@kaynestechnology.net Website: www.kaynestechnology.co.in INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Ma
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