Synopsis:
Kaynes Technology will launch India’s first Made-in-India semiconductor chip on October 5th, marking a major step toward self-reliance in semiconductor manufacturing
This Mid-cap Stock, engaged in semiconductor-related activities, including the design, development, and manufacturing of semiconductor components and printed circuit board assemblies (PCBAs), providing integrated electronics solutions with a focus on OEM/ODM services and IoT applications, jumped 4 percent after announcing to launch of its Made-in-India semiconductor chip on October 5th, 2025.
With a market capitalization of Rs. 45,254.09 crores, the share of Kaynes Technology India Limited has reached an intraday high of Rs. 6,791 per equity share, rising nearly 3.31 percent from its previous day’s close price of Rs. 6,573.20. Since then, the stock has retreated and is currently trading at Rs. 6,750.85 per equity share.
What is the News?
Kaynes Technology has announced that it will launch its first Made-in-India semiconductor chip on October 5th. This marks the company’s entry into chip manufacturing and supports India’s goal of becoming self-reliant in semiconductors. With this milestone, Kaynes is set to play a key role in India’s growing semiconductor ecosystem.
Management Guidance
Kaynes Technology has set an ambitious revenue goal of about Rs. 4,500 crore for FY26. The bulk of this is expected from its main EMS/ESDM segment (around Rs. 4,250 crore), with additional contributions from the OSAT unit (Rs. 100 crore) and its Canadian subsidiary (Rs. 175 crore). Within this, aerospace is projected to make up nearly 8 percent of sales, while railways could account for 10–12 percent.
The company also expects stronger profitability, targeting EBITDA margins above 16 percent, driven by a better business mix and improved cost control. Management is confident about achieving these numbers, with a sharp scale-up in revenue anticipated from Q2 FY26, when EMS alone is likely to generate more than Rs. 1,000 crore.
Order Book
Kaynes Technology is experiencing strong growth, with its order book increasing from Rs. 6,596.90 crore in Q4 FY25 to Rs. 7,401.10 crore in Q1 FY26. This reflects rising demand and a solid pipeline of future projects.
Capex Plans
Kaynes Technology is steadily advancing its expansion plans. The Union Cabinet has cleared its proposal to set up India’s fifth semiconductor plant in Sanand, Gujarat, with an investment of Rs. 3,400 crore. The new ATMP facility will have the capacity to produce 6.3 million chips per day.
The company is also progressing with its HDI PCB plant, which involves a capital outlay of Rs. 1,400 crore. Both projects underline Kaynes’ commitment to strengthening its manufacturing base and driving long-term growth.
In addition, its wholly owned subsidiary, Kaynes Circuits India Private Limited, has signed an MoU with the Tamil Nadu government, outlining a planned investment of about Rs. 4,995 crore over the next six years.
Company Overview
Kaynes Technology India Limited was founded in 1988 and is a leading electronics manufacturer providing comprehensive solutions across industries such as automotive, aerospace, healthcare, and more. Its services cover design, manufacturing, and lifecycle management, supported by multiple certifications and a wide network of facilities across the country.
Recent quarter results
Coming into financial highlights, Kaynes Technology India Limited’s revenue has increased from Rs. 504 crore in Q1 FY25 to Rs. 673 crore in Q1 FY26, which has grown by 33.53 percent. The net profit has also grown by 47.06 percent from Rs. 51 crore in Q1 FY25 to Rs. 75 crore in Q1 FY26. Kaynes Technology India Limited’s revenue and net profit have grown at a CAGR of 49.21 percent and 100.69 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 14.3 percent and 10.7 percent, respectively. Kaynes Technology India Limited has an earnings per share (EPS) of Rs. 45.84, and its debt-to-equity ratio is 0.32x.
Written By – Nikhil Naik
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