Kaynes Technology Launches Kaynes Space Technology Pvt. Ltd

Kaynes Technology has launched a new wholly owned subsidiary—Kaynes Space Technology Pvt. Ltd—to tap into India’s growing aerospace and satellite systems market. This move aligns with its strategy to expand into high-value, defense-grade electronics and space applications. Key Financials (FY25): Revenue: ₹1,234 Cr Net Profit: ₹112 Cr Market Cap: ₹36,225 Cr P/B Ratio: 12.75x Outlook: Strong order book (~₹5,400 Cr), entry into OSAT and PCB manufacturing, and rising demand from ISRO/DRDO clients position Kaynes for long-term growth. Risks:Execution delays, forex exposure (60% imports), and high working capital needs (~41% of revenue) could impact margins.