Synopsis: Shares fell 2% after a major block deal by a global investor, despite strong quarterly growth, expanding orders, and ambitious FY30 targets. Recent acquisitions, capacity expansion, and government-backed CapEx highlight continued global expansion and technological advancement momentum.
The shares of the integrated electronics manufacturer plummeted up to 2 percent in today’s trading session after Goldman Sachs Bank Europe SE-ODI sold 67,702 equity shares in the company via a block deal.
With a market capitalization of Rs 42,726.55 crore, the shares of Kaynes Technology India Ltd were trading at Rs 6,373.80 per share, decreasing around 1.64 percent as compared to the previous closing price of Rs 6,480.25 apiece.
Block Deal
The shares of Kaynes Technology India Ltd have seen bearish movement after Goldman Sachs Bank Europe SE-ODI derailed 67,702 equity shares, equivalent to 0.1 percent in Kaynes at Rs 6,498 per share, valuing the transaction at Rs 44 crore.
However, Bluepearl Map I LP acquired 65,241 equity shares at the same price for Rs 42.4 crore, while Kadensa Master Fund bought 2,461 equity shares at the same price for Rs 1.6 crore.
Order Book Expansion
The company’s order book continues to expand impressively, rising from Rs 5,422 crore in Q2FY25 to Rs 8,099 crore in Q2FY26, marking nearly 49% growth year-on-year. This steady increase through consecutive quarters underscores strong demand momentum, healthy execution capabilities, and a robust project pipeline, positioning the firm well for sustained revenue growth ahead.
The company delivered a stellar performance in Q2FY26, with revenue surging 58 percent year-on-year to Rs 906 crore and net profit doubling to 101 percent to Rs 121 crore. The sharp growth highlights strong operational momentum, improved margins, and robust demand across business segments, reflecting effective execution and financial discipline.
FY30 Guidance
Kaynes Technology targets $2 billion revenue by FY30, driven by strong growth in its OSAT ( Rs 4,500 crore) and PCB ( Rs 2,500 crore) divisions. With a Rs 3,400 crore CapEx plan, 70% subsidized by the government, the company has spent Rs 200–300 crore so far and will invest Rs 600–700 crore in FY26 to expand manufacturing capacity steadily.
The company stands out as a global electronics and IoT solutions leader, serving automotive, aerospace, railways, and healthcare sectors. With over 500 clients across 30+ countries, it emphasizes innovation in OSAT, HDI PCB manufacturing, and smart device technologies. Its focus on IoT, AR/VR, and advanced manufacturing positions it for sustained global and technological growth.
Kayne’s strategic acquisitions strengthen its global and technological presence. August Electronics in Canada enhances manufacturing capabilities and North American reach. Tranzmeo IT Solutions adds AI-driven analytics and fiber-optic sensing expertise, while Sensonic GmbH in Austria boosts smart rail and IoT solutions. Together, these investments drive innovation and expand the company’s footprint across key international markets.
Kaynes Technology India is a leading end-to-end electronics manufacturing and IoT solutions provider, serving industries like automotive, aerospace, healthcare, and industrial automation. With strong design, manufacturing, and R&D capabilities, it focuses on innovation, global expansion, and advanced technologies such as OSAT, smart devices, and embedded systems to drive sustainable growth.
Written by Abhishek Singh
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