Smart meters and semiconductor business is poised to grow exponentially in India and globally. Kaynes Technology has established itself as the preferred and emerging trusted player.
Tye new Hyderabad plant has started manufacturing smart meters and the expected order book from smart meters alone is expected to be 6000 Crores by FY 2027. The company aspires to become the largest smart meter manufacturer in India. A total of 110 million smart meters have been awarded, with another 110 million yet to be awarded. Currently, smart meters contribute approximately 10% to total sales, expected to rise to 15% as production ramps up.
The latest order book is above 5000 crores.
As far as the PE goes, it’s always going to be high because the market is expecting Kaynes to generate profits at a much higher rate than its peers. If you wait for its PE to lose steam, you may miss the bus.
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