Rs 7,400+ crore order book: Electronics manufacturer executes non-binding MoU of Rs 4,995 crore with Government of Tamil Nadu

Kaynes Technology India Ltd, through its wholly-owned subsidiary, Kaynes Circuits India Private Limited, has entered into a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu. This agreement focuses on investment promotion and facilitation, where the subsidiary proposes to invest approximately Rs 4,995 crores over six years. This investment will be used to establish new manufacturing facilities and expand existing capacity within the state.

The MoU will allow Kaynes Circuits to explore financial incentives, industrial policies, and other structured assistance packages offered by the Tamil Nadu government. In return, the government has agreed to provide the necessary support and facilitation, including help with infrastructure and regulatory clearances, in accordance with state laws and policies. Since the agreement is non-binding, it serves as a statement of mutual intent rather than a legally enforceable obligation for either party.

About Kaynes Circuits India Private Limited

Kaynes Circuits India Private Limited is a wholly owned subsidiary Company of Kaynes Technology India Limited equipped to produce Multilayer PCBs up to 74 Layers, HDI PCBs up to 8 Layers, and Flexible PCBs, supporting critical applications across sectors such as Aerospace, Defence, Artificial Intelligence, Backplanes, Drones, Medical Devices, Telecom Infrastructure, Smartphones, Wearables, Copper Clad Laminate (CCL) manufacturing, designed to produce high-performance laminates suitable for HighFrequency, Radars, and Low Signal loss applications and other advanced electronic domains

About the Company

Kaynes Technology India Ltd is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of Electronics System and Design Manufacturing (ESDM) services. It has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, EVs, Aerospace, Outer-space, Strategic electronics, Medical, Railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments. The company has 16 advanced manufacturing infrastructures to manufacture high-mix and high-value products at variable or flexible volumes across all industry verticals. Apart from this, the company also has service centres in Cochin and Mumbai, catering to railway, aerospace, defence and industrial clients.

Results: The net sales increased by 34 per cent to Rs 673 crore, the operating profit increased by 69 per cent to Rs 113 crore and the net profit increased by 47 per cent to Rs 75 crore in Q1FY26 compared to Q1FY25. The net sales increased by 51 per cent to Rs 2,722 crore, the operating profit increased by 11 per cent to Rs 457 crore and the net profit increased by 8 per cent to Rs 317 crore in FY25 compared to FY24.

The company has a market cap of over Rs 40,000 crore and the order book stands at Rs 7,400+ crore. The stock is up by 70 per cent from its 52-week low of Rs 3,835 per share and gave multibagger returns of 250 per cent in 2 years.

Disclaimer: The article is for informational purposes only and not investment advice.