Electronic system design and manufacturing player, Kaynes Technology India has come out with its IPO. Find out if it is worth subscribing to.
10-Nov-2022 •Samridh Rela
About the company
What does Kaynes Technology do: It is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturing player. It provides conceptual design, process engineering, integrated manufacturing and life-cycle support to players in the automotive, industrial, aerospace and defence, outer-space, nuclear, medical, railways, Information Technology and other segments.
The company's wide-ranging product portfolio across multiple industry verticals limits its exposure to downturns associated with a single vertical. In addition, it also ensures consistent revenues.
The company's top 10 customers accounted for 53.6, 46.0 and 51.0 per cent of its revenue from operations in FY20, FY21 and FY22, respectively. As it does not have firm commitment agreements with its customers, one or more such customers switching ships would severely affect its revenue and cash flows.
Risk score (The lower the score, the riskier the stock)
Disclaimer: This is not a stock recommendation. Do your due diligence before investing.
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