Kaynes Know-how India Restricted hit a recent 52-week low of Rs 3,184.20 on the NSE on 15 Might earlier than recovering to a day’s excessive of Rs 3,430.90, because the inventory tried to stabilise following a 20% crash the earlier session. The sell-off started after the corporate reported a pointy drop in quarterly revenue alongside a miss by itself income steering.
The numbers from This autumn FY26 informed a tough story. Income for the March quarter grew 26.2% year-on-year to Rs 1,242.6 crore, strong on the highest line. However web revenue fell 21.5% to Rs 91.2 crore, undercut by a surge in prices.
Finance prices doubled to Rs 41 crore through the quarter, and depreciation surged sharply as new capability got here on-line.
EBITDA rose 15.4% to Rs 193.6 crore, however working margins contracted by roughly 150 foundation factors to fifteen.6%, a squeeze that buyers discovered laborious to look previous.
Kaynes had already revised its FY26 income steering decrease earlier within the yr, but nonetheless fell in need of even that decreased goal. Administration didn’t present any near-term outlook through the earnings name.
The order ebook crossed Rs 8,000 crore as of 31 March 2026, pointing to a wholesome pipeline of future work. The corporate makes electronics and printed circuit boards for sectors together with defence, aerospace and industrial functions.
The inventory has had a turbulent journey. After itemizing in November 2022, shares climbed to a peak close to Rs 7,822 in January 2025. Since then, the inventory has dropped roughly 57% from that top.
At 10:45 on 15 Might, shares had been buying and selling at Rs 3,382.10 on the NSE, up 1.37% on the day. The inventory’s 52-week excessive stands at Rs 7,705 and its 52-week low of Rs 3,184.20 was set earlier in the present day.
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