Kaynes Technology India Ltd Share Price – NSE  / BSE

Consumer Durables, Small Cap

The broker said it identified mismatches in FY2025 filings made by Kaynes Technology, Kaynes Electronics Manufacturing and its subsidiary Iskraemeco, prompting concerns over the accuracy of inter-company transactions and year-end balances.

According to the brokerage, Iskraemeco reported purchases of Rs 180 crore from Kaynes Electronics Manufacturing that were not reflected in Kaynes Electronics Manufacturing?s own related-party disclosures. It also disclosed year-end payables of Rs 320 crore to Kaynes Technology and Rs 180 crore to Kaynes Electronics Manufacturing, along with receivables of Rs 190 crore from Kaynes Technology. These balances were also missing from the parent companies? disclosures. Nearly all of Iskraemeco?s receivables were from Kaynes Technology, including Rs 45.8 crore outstanding for more than a year.

The broker also highlighted concerns around goodwill recognition in the Iskraemeco acquisition, a rise in contingent liabilities to Rs 520 crore and a high average borrowing cost of 17.7% for FY2025. It noted that Kaynes capitalised Rs 1.8 billion as technical know-how, including designs and prototypes, during the year.

In a detailed clarification, Kaynes Technologies said the concerns were largely due to disclosure omissions in its standalone financial statements, which have since been rectified. It said the related-party balances and transactions were eliminated at the consolidated level in line with Indian Accounting Standards, but were inadvertently not reported in the standalone accounts. On goodwill, the company said intangible assets related to customer contracts under Ind AS 103 were recognised and netted off against goodwill, and are evaluated annually. It added that contingent liabilities rose mainly due to performance guarantees and corporate guarantees issued to subsidiaries following the Iskraemeco acquisition. Kaynes also defended its borrowing-cost calculations, stating that the effective rate including bill discounting was 10%.

The company maintained that all transactions were part of the overall financial statements and that it has noted the lapses for future compliance.

Kaynes Technology is an end-to-end, IoT-enabled integrated electronics manufacturer offering services across the Electronics System and Design Manufacturing (ESDM) spectrum.

The company posted a strong performance in Q2 FY26. Consolidated net profit jumped 102% year-on-year to Rs 121.4 crore, while revenue rose 58% to Rs 906.2 crore. The order book increased to Rs 8,099.4 crore as of 30 September 2025, compared with Rs 5,422.8 crore a year earlier.

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Hindustan Construction Company Ltd, NIIT Learning Systems Ltd, Sanghvi Movers Ltd and MTAR Technologies Ltd are among the other losers in the BSE's 'A' group today, 05 December 2025.

Kaynes Technology India Ltd tumbled 10.60% to Rs 4450.65 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 4.5 lakh shares were traded on the counter so far as against the average daily volumes of 79121 shares in the past one month.

Hindustan Construction Company Ltd lost 9.47% to Rs 19.8. The stock was the second biggest loser in 'A' group.On the BSE, 66.1 lakh shares were traded on the counter so far as against the average daily volumes of 26.18 lakh shares in the past one month.

NIIT Learning Systems Ltd crashed 6.42% to Rs 367.75. The stock was the third biggest loser in 'A' group.On the BSE, 2974 shares were traded on the counter so far as against the average daily volumes of 5239 shares in the past one month.

Sanghvi Movers Ltd fell 6.32% to Rs 301.55. The stock was the fourth biggest loser in 'A' group.On the BSE, 30727 shares were traded on the counter so far as against the average daily volumes of 25107 shares in the past one month.

MTAR Technologies Ltd plummeted 5.88% to Rs 2369.75. The stock was the fifth biggest loser in 'A' group.On the BSE, 19625 shares were traded on the counter so far as against the average daily volumes of 34344 shares in the past one month.

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With the restriction ending, about 1.16 crore shares, or nearly 17% of the company?s equity, have become eligible for trading. The expiry does not mean these shares will be sold immediately, but they can now enter the market depending on investor decisions.

A lock-in period restricts select shareholders?such as promoters, pre-IPO investors, and anchor investors?from selling their holdings for a fixed duration to maintain post-listing stability. Once the period lapses, the shares are free to trade, which can create short-term volatility if supply increases.

Kaynes Technology is an end-to-end, IoT-enabled integrated electronics manufacturer offering services across the Electronics System and Design Manufacturing (ESDM) spectrum.

The company posted a strong performance in Q2 FY26. Consolidated net profit jumped 102% year-on-year to Rs 121.4 crore, while revenue rose 58% to Rs 906.2 crore. The order book increased to Rs 8,099.4 crore as of 30 September 2025, compared with Rs 5,422.8 crore a year earlier.

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Kaynes Technology India announced that Anup Kumar Bhat (DIN:06470857) has tendered his resignation from the office of the Independent Director of the Company with immediate effect.

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