Kaynes Tech - To become a fully-integrated EMS company by FY26🔥🔥

Kaynes is a diversified EMS company with a presence in railways, industrials, medical, defence etc. and doing backward integration. A multi-bagger company 🔥🔥

🟩Expects >8K Cr revenues in FY28. FY24 - 1,274 Cr & FY25e - 3,000 Cr (>100% YoY increase)🔥🚀

🔴🔴Trades at 75 PE FY26 & 46 PE FY27. If it can walk the talk, it would get 80-100 PE considering the EMS sector tailwinds for at least 3-4 years.

🟩New segments -
1. Smart meters
2. KAVACH
3. PCB & OSAT

1. Smart meters - Kaynes aims for 15-20% market share with the opportunity of 6,500 Cr over the next few years (acquired Iskraemeco)
2. KAVACH - Aim for a 15% market share and an opportunity of 2,000 Cr in the next five years.
3. OSAT & PCB
- Capex incurred of 4,700 Cr. Aims to start operations by Q4 FY26 & this will make Kaynes - The only fully integrated EMS company in India.✅✅

- Expect revenues of 1,800 Cr by FY28 & 22-25% EBITDA margins in OSAT while PCB business revenues would be 700-800 Cr with an EBITDA margin of 25%. 🔥

🟩Export mix to increase from 10% in FY24 to 33% in FY28 🔥🔥

#kaynes #mofsl #ems #electronics #india