Kaynes Technology India Limited (KAYNES) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Kaynes Technology India Limited ₹1,093, price ₹3,399, upside -67.8%, quality 29 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
46‑month range ₹680.25 – ₹7,598 · fair‑value band ₹815.61 – ₹1,371 · the ₹3,399 price screens above the ₹1,093 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Kaynes Technology India Limited operates as an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India and internationally.
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Kaynes Technology India Limited operates as an end-to-end and IoT solutions-enabled integrated electronics manufacturer in India and internationally. It provides conceptual design, process engineering, integrated manufacturing, and life cycle support for various industries including automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, internet of things, information technology, and other industries. Kaynes Technology India Limited was founded in 1988 and is based in Mysore, India.
Stock analysis
Kaynes Technology India Limited (KAYNES) currently trades at ₹3,399, while our model-based Fair Value estimate is ₹1,093, 67.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,478 per share, and 0 of the 14 models we run sit above the ₹3,399 price.
Bear case: the Asset-Based group reads lowest at ₹473.26, and 14 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹815.61 (bear) to ₹1,371 (bull), the price of ₹3,399 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 29/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Kaynes Technology India Limited reported revenue of ₹36.3B in FY2026 versus ₹7.1B in FY2022, a compound +50.5%/yr. Reported net income was ₹3.6B in FY2026, compounding +72.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹227B (≈ $2.4B) · P/E ratio 66.4 · P/S ratio 6.66 · EPS (TTM) ₹51.18 · Net margin 10.0% · Return on equity 9.6% · Return on assets (EBIT) 9.1% · Operating margin 11.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −68%, KAYNES screens richer than that median.
Fair Value models
Bear ₹815.61Fair Value ₹1,093Bull ₹1,371
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹25.94 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+33.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+47.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+53.9%
Start year 2021 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.9%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+85.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+85.4%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 13%
2026 sits 80% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Kaynes Technology India Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Electronic Components · 634 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score29 · Bottom 25%
Fair Value upside−67.8% · Below median
Profitability
Return on equity (TTM)9.6% · Above median
Return on assets5.1% · Top 25%
Net margin (TTM)8.9% · Above median
Operating margin (TTM)11.7% · Above median
Growth and dividend
Revenue growth40.5% · Top 25%
Balance sheet
Debt / equity0.07× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (TTM)66.4× · Pricier than median
P/B4.78× · Priciest 25%
P/S (TTM)5.83× · Priciest 25%
EV/EBITDA36.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 49
PAST (return on equity)38· sector 27
HEALTH (low debt)96· sector 95
DIVIDEND (yield)0· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kaynes Technology India Limited Fair Value". https://www.fairvalue-calculator.com/stock/KAYNES
Frequently asked questions
Is Kaynes Technology India Limited (KAYNES) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹1,093 versus a price of ₹3,399, about −68% upside (overvalued).
What is the fair value of KAYNES?
Our model-based fair value for Kaynes Technology India Limited is ₹1,093 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹3,399.
What is the quality score of KAYNES?
Kaynes Technology India Limited has a Quality Score of 29/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Kaynes Technology India Limited (KAYNES)?
Our model-based price target is the fair value of ₹1,093 (as of Oct 1, 2026) from 14 valuation models. Cautious scenario ₹815.61, optimistic scenario ₹1,371. It is a calculation from audited fundamentals, not an analyst target.
What is the Kaynes Technology India Limited stock forecast for 2026?
Our models put fair value at ₹1,093, about −68% upside versus a price of ₹3,399 (overvalued). Cautious scenario ₹815.61, optimistic scenario ₹1,371. The calculation is refreshed regularly with new filings.
What is the revenue of Kaynes Technology India Limited (KAYNES)?
Kaynes Technology India Limited reported trailing-twelve-month revenue of about ₹39.0B (latest available figure, as of Oct 1, 2026).
What is the intrinsic value of Kaynes Technology India Limited (KAYNES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kaynes Technology India Limited it is ₹1,093 per share (as of Oct 1, 2026), against a price of ₹3,399. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Kaynes Technology India Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, KAYNES trades above its calculated fair value: price ₹3,399, fair value ₹1,093, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of KAYNES?
No. The price is what the market pays today (₹3,399); the fair value is what the company's own numbers justify (₹1,093). For Kaynes Technology India Limited the two are ₹2,306 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kaynes Technology India Limited worth?
The market values Kaynes Technology India Limited at about ₹227B (market capitalisation, as of Oct 1, 2026). Per share that is ₹3,399; our models calculate a fair value of ₹1,093 per share.
What do the bullish and bearish scenarios say about KAYNES?
Our models span a range for Kaynes Technology India Limited: cautious scenario ₹815.61, base ₹1,093, optimistic ₹1,371 per share (as of Oct 1, 2026, price ₹3,399). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KAYNES?
Kaynes Technology India Limited trades at a price-to-earnings ratio of 66.4 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,093 is built from several models across several years. Other multiples: P/B 4.8, P/S 5.8, EV/EBITDA 36.8.
How solid is the balance sheet of Kaynes Technology India Limited (KAYNES)?
Balance-sheet figures for Kaynes Technology India Limited (as of Oct 1, 2026): return on equity 9.6%, debt of 0.07 per unit of equity. They feed the Quality Score of 29/100, which measures business quality independently of the share price.
How far is KAYNES from its 52-week high?
Kaynes Technology India Limited trades at ₹3,399, about 55% below its 52-week high of ₹7,593 and 13% above the low of ₹3,001 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,093 is for.
Which stocks are comparable to Kaynes Technology India Limited?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Kaynes Technology India Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹3,399, calculated fair value ₹1,093 (−68%), Quality Score 29/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of KAYNES calculated?
We run Kaynes Technology India Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,093, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Kaynes Technology India Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Kaynes Technology India Limited (KAYNES)?
The closing price on Oct 1, 2026 was ₹3,399. Our model-based fair value is ₹1,093, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kaynes Technology India Limited right now?
The price sits above even our optimistic bull case (₹1,371). The favourable scenario is already priced in. Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Kaynes Technology India Limited
How large is the market capitalisation of Kaynes Technology India Limited (KAYNES)?
The market capitalisation of Kaynes Technology India Limited is ₹227B (≈ $2.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Kaynes Technology India Limited (KAYNES)?
The price-to-sales ratio of Kaynes Technology India Limited is 6.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kaynes Technology India Limited (KAYNES)?
Earnings per share at Kaynes Technology India Limited are ₹51.18 (price ÷ EPS = P/E 66.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kaynes Technology India Limited (KAYNES)?
The net margin of Kaynes Technology India Limited is 10.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Kaynes Technology India Limited (KAYNES)?
The return on equity (ROE) of Kaynes Technology India Limited is 9.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Kaynes Technology India Limited (KAYNES)?
On an EBIT basis the return on assets of Kaynes Technology India Limited is 9.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Kaynes Technology India Limited (KAYNES)?
The operating margin of Kaynes Technology India Limited is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kaynes Technology India Limited (KAYNES)?
Revenue at Kaynes Technology India Limited is growing +40.5% versus a year earlier (3y avg +47.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Kaynes Technology India Limited (KAYNES)?
Earnings per share at Kaynes Technology India Limited are growing −0.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kaynes Technology India Limited (KAYNES) generate?
The free cash flow of Kaynes Technology India Limited is −₹17.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kaynes Technology India Limited (KAYNES) carry?
The net debt of Kaynes Technology India Limited is ₹1.1B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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