Kaynes Technology India Ltd. · NSE:KAYNES
Kaynes Technology India — Q1 FY2026 Earnings Presentation
31 slides from Kaynes Technology India's earnings presentation, Jul 30, 2025
Slide 1: Exchange filing cover letter for earnings presentation
July 30, 2025 BSE Ltd National Stock Exchange of India Ltd 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 Sir/Madam, Su
Slide 2: Kaynes Technology India Limited Earnings Presentation July 2025
Kaynes Technology India Limited Earnings Presentation | July 2025
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 Q1 FY 2026
Financial Highlights Q1 FY 2026
Slide 5: Q1 FY26 Results Snapshot (Consolidated)
Q1 FY26 Results Snapshot (Consolidated) ₹ 74,011 mn ₹ 6,735 mn ₹ 1,130 mn 16.8% Order Book Revenue EBITDA EBITDA Margin ₹ 50,386 mn as of Jun-24 34% YoY 69% YoY 350 bps YoY ₹ 746 mn 11.1 % ₹ 45,028 mn ₹ 9,905 mn Profit After Tax PAT Margin Networth Net Debt 47% YoY 100 bps YoY ₹ 25,352 mn as of Jun-
Slide 6: Consistent quarterly financial performance
Consistent quarterly financial performance Revenue (₹ Mn) EBITDA (₹ Mn) 9,845 1,679 6,612 6,735 1,130 5,721 938 5,040 821 669 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 EBITDA Margins (%) Profit After Tax (Restated) (₹ Mn) 17.1% 16.8% 1,162 14.4% 14.2% 13.3% 746 602 662 50
Slide 7: Diversified Revenue Mix
Diversified Revenue Mix Revenue across verticals Q1 FY26 Q1 FY25 Automotive 5% Automotive 5% 1% 1% 1% 7% Industrial incl EV Industrial incl EV 2% 8% 27% 29% Aerospace, Outer-space & Aerospace, Outer-space & Strategic Electronics Strategic Electronics Medical Medical Railways Railways 59% 55% IoT / I
Slide 8: Consistent Annual financial performance
Consistent Annual financial performance Gross Block (₹ Mn) Asset Turnover ratio (x) 5.2 7,695 3.5 3,880 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Net Debt/Equity (x) Networth (₹ Mn) 45,028 0.2 0.2 25,352 Q1FY25 Q1FY26 Q1FY25 Q1FY26 7
Slide 9: Consistent quarterly financial performance
Consistent quarterly financial performance Net Working Capital Days Inventory Days 132 121 113 115 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Receivable Days Payable Days 145 128 80 72 Q1FY25 Q1FY26 Q1FY25 Q1FY26 Net working capital is calculated as average inventory days plus average receivable days less average
Slide 10: Q1 FY 26 Profit & Loss Statement (Consolidated)
Q1 FY 26 Profit & Loss Statement (Consolidated) Particulars (₹ Mn) Q1 FY26 Q1 FY25 Y-o-Y Revenue from operations 6,735 5,040 34% Raw material cost 3,956 3,664 8% Employee expenses 589 335 76% Other expenses 1,059 372 185% EBITDA 1,130 669 69% EBITDA margin (%) 16.8% 13.3% 350 BPS Depreciation and am
Slide 11: Company Overview
Company Overview
Slide 12: 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 13: Leading ESDM player with end-to-end Design & Engineering capabilities
Leading ESDM player with end-to-end Design & Engineering capabilities… Service offering across entire customer value chain Design Industrialization Manufacturing Product End-of-life services services services maintenance services services Prototype OEM Concept to Design manufacturing manufacturing R
Slide 14: Applications enabled with IoT solutions
… Enabled with IoT solutions End-to-end connected asset platform, including business applications, managed cloud service, and ODM Device solution Capture Cloud Connect Control KPTR Services – Client Business Apps Network: IP and Non-IP Legacy / New Systems KPTR Applications Gateway & Devices Connect
Slide 15: 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 sensor module Scanner & RFID gateway LED Headlamp/Tail Street light
Slide 16: Capacity for Manufacturing at Scale Augmented by Technical Capabilities
Capacity for Manufacturing at Scale Augmented by Technical Capabilities Navi Mumbai o 24 SMT Lines Kaynes International Design & Manufacturing Pvt Ltd Ahmedabad (Kemsys & Kaynes Semicon- OSAT) o 70 THD Lines Mysuru Unit I o 26 Cable Harness Lines Parwanoo o 15 plastic molding machines Manesar Unit I
Slide 17: R&D & Engineering, Certifications and Supply Chain
R&D & Engineering, Certifications and Supply Chain Research and Development Certifications Supply chain Focused on development of new products and improvement existing products Long term relationship with suppliers leading to better Dedicated research facility at Mysore, credit terms Bangaluru & Ahm
Slide 18: Well Diversified Business Profile
Well Diversified Business Profile… Revenue across geographies FY25 Low customer concentration FY25 1% 1% 67% 4% India 46% 5% North America Europe 91% SE Asia 16% Others Top 1 Top 5 Top 10 Revenue across segments Revenue across verticals 18% OEM – Turnkey – Box Build Automotive 8% 2% 7% Industrial in
Slide 19: Marquee customer base
Marquee customer base Industry Key Customers Long standing relationship with clients** INR Mn Average business period relationship of top 10 customers in each vertical2 Leading global mfg of electronic instruments and 10 Industrial electromechanical devices 10 10 7 7 7 Railways Automotive Automtive
Slide 20: The Kaynes Advantage - Key Strengths
The Kaynes Advantage - Key Strengths Well diversified End to end design and Internationally Longstanding business profile across engineering recognized and relationships with top industry verticals : capabilities enabled certified manufacturing global & domestic Address the Low with IoT solutions fa
Slide 21: Financial Highlights
Financial Highlights
Slide 22: Proven record of consistent financial performance (1/4)
Proven record of consistent financial performance (1/4) Revenue (₹ Mn) EBITDA (₹ Mn) 27,218 57% CAGR 64% CAGR 4,107 18,046 11,261 2,542 7,062 1,683 937 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 EBITDA Margins (%) Profit After Tax (Restated) (₹ Mn) 14.9% 15.1% 92% CAGR 2,934 14.1% 1,833 13.3% 9
Slide 23: Proven record of consistent financial performance (2/4)
Proven record of consistent financial performance (2/4) ROE (%) ROCE (%) 24.5% 24.9% 24.4% 24.2% 22.8% 22.0% 19.4% 19.2% FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 Net Worth (Rs Mn) Gross Block (Rs Mn) 28,373 24,848 7,895 9,577 3,680 1,473 1,812 2,018 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 F
Slide 24: Proven record of consistent financial performance (3/4)
Proven record of consistent financial performance (3/4) Inventory Days Receivable Days 104 101 83 84 97 69 59 91 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 Payable Days Net Working Capital Days 88 86 98 99 87 83 73 73 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 Working capital is computed b
Slide 25: Proven record of consistent financial performance (4/4)
Proven record of consistent financial performance (4/4) Net Debt (₹ Mn) Net Debt/EBITDA (x) 6,813 1.7 1.6 0.9 2,177 1,480 0.3 473 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY 25 Net Debt/Equity (x) Asset Turnover ratio (x) 0.7 6.2 4.8 4.9 3.4 0.2 0.0 0.1 FY 22 FY 23 FY 24 FY 25 FY 22 FY 23 FY 24 FY
Slide 26: Profit & Loss Statement (Consolidated)
Profit & Loss Statement (Consolidated) Particulars (₹ Mn) FY22 FY23 FY24 FY25 Revenue from operations 7,062 11,261 18,046 27,218 Raw material cost 4,894 7,801 13,299 18,997 Employee expenses 602 771 1,028 1,781 Other expenses 629 1,006 1,178 2,333 EBITDA 937 1,683 2,542 4,107 EBITDA margin (%) 13.3%
Slide 27: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Particulars (₹ Mn) FY22 FY23 FY24 FY25 Gross Block (tangible assets) 1,112 1,451 3,276 6,263 Accumulated Depreciation 473 549 682 1,218 Net Block (tangible assets) 640 902 2,594 5,045 Intangible assets 352 426 620 2,381 Other non-current assets 369 552 3,571 12,154 Total
Slide 28: Cash Flow Statement (Consolidated)
Cash Flow Statement (Consolidated) Particulars (₹ Mn) FY22 FY23 FY24 FY25 Cash flow from operating activities Profit before tax 590 1,260 2,316 3,716 Adjustment for non-operating items 386 452 401 626 Operating profit before working capital changes 976 1,713 2,717 4,343 (Increase)/ decrease in inven
Slide 29: 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 ready for operations i.e. ~240,000 Sq feet Clean Room of Class 10K Wire Bonding Box Bui
Slide 30: Kaynes Expansion – Hyderabad
Kaynes Expansion – Hyderabad LOCATION: KONGARA KALAN (NEAR HYD AIRPORT) TOTAL PLANT AREA: 70K SFT SMT LINES -1 NOS PLASTIC INJECTION MACHINES- 29 NOS (80 -350 TON)
Slide 31: Thank You
Thank You COMPANY Kaynes Technology India Limited Jairam P Sampath INVESTOR RELATION ADVISORS Whole-time Director & Chief Financial Officer Email: ir@kaynestechnology.net MUFG Intime India Private Limited Sumit Kumar Verma Nikunj Jain | Nidhi Vijaywargia Senior Manager – Investor Relations & Busines
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