During Monday’s trading session, shares of a leading end-to-end IoT solutions-enabled integrated electronics manufacturer surged nearly 3 percent on BSE, after the company announced incorporating a new subsidiary to manufacture space satellites.
With a market cap of Rs. 40,237 crores, at 09:55 a.m., the shares of Kaynes Technology India Limited were trading in the green at Rs. 5,998.65 on BSE, up by around 2.3 percent, as against its previous closing price of Rs. 5,863.3. The stock has delivered positive returns of around 51 percent in one year, and has gained by over 3 percent in the last month.
What’s the News
According to the latest filings with the stock exchanges, Kaynes Technology India Limited has incorporated a wholly-owned subsidiary company named Kaynes Space Technology Private Limited (KSTPL), with a total consideration of Rs. 10 lakhs.
Kaynes Space Technology Private Limited aims to design, develop, and manufacture satellites of all classes and mission-specific payloads for diverse applications, including communication, earth observation, defence, and scientific research. It also plans to develop modular satellite platforms and homegrown launch vehicles for various orbits including LEO, MEO, GEO, and beyond focusing on affordability, reusability, and eco-friendly technologies.
KSTPL plans to set up a complete infrastructure for launch operations, ground control systems, and satellite lifecycle management, including mission planning, integration, and in-orbit servicing. It will invest in R&D in areas like space propulsion, miniaturisation, AI-based autonomy, and inter-satellite networks, while collaborating with academia, space agencies, and industry. Beyond building satellites and launch systems, KSTPL aims to develop space-based applications such as border surveillance and disaster monitoring.
Financials & more
Kaynes reported a significant growth in its revenue from operations, showing a year-on-year rise of around 54 percent from Rs. 637 crores in Q4 FY24 to Rs. 984 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 81 crores to Rs. 116 crores, representing a growth of around 43 percent YoY. As of FY25, the company has a consolidated order book of Rs. 6,597 crores, as against Rs. 4,115.2 crores reported in FY24.
Kaynes Technology India Limited is a leading end-to-end and IoT solutions provider enabling electronics manufacturing players, with capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) companies.
The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for major players in the automotive, industrial, aerospace and defence, nuclear, medical, railways, Internet of Things (IoT), Information Technology (IT) and other segments.
The total capex planned for the semiconductor business is approximately Rs. 3,400 crore, while around Rs. 1,400 crore is allocated for the printed circuit board (PCB) segment.
Written by Shivani Singh
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