KAYNES

The order book climbed from ₹5,038 crore to ₹7,401 crore by quarter end—offering robust visibility ahead KAYNES trades at a P/E ratio of 130× TTM earnings, significantly above sector average (66–123×) Intrinsic value models (alpha‑spread) suggest a fair value of ₹3,680—implying the stock is 40% overvalued on DCF‑based analysis