Kaynes Technology IndiaNSE:KAYNES +1.92%85 Operating Margin % is 11.21% as of Mar. 2026, which is 13% below its 10-year median of 12.84. GuruFocus rates NSE:KAYNES with a GF Score™ of 85/100 and a GF Value™ of ₹6,723.24 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,472 Hardware companies, Kaynes Technology India ranks better than 82.4% on this metric.
Kaynes Technology India (NSE:KAYNES) Operating Margin % Explanation
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Kaynes Technology India Operating Margin % Related Terms
Kaynes Technology India Operating Margin % Historical Data
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The historical data trend for Kaynes Technology India's Operating Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:KAYNES vs APH, GLW, TEL: Operating Margin % Comparison
For the Electronic Components subindustry, Kaynes Technology India's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Kaynes Technology India Operating Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Kaynes Technology India's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Kaynes Technology India's Operating Margin % falls into.
Kaynes Technology India Operating Margin % Calculation
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
Kaynes Technology India's Operating Margin % for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kaynes Technology India (NSE:KAYNES) has a Operating Margin % of 11.21% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Kaynes Technology India and its competitors. This is 13% below median its historical median of 12.84. Over the past decade, Kaynes Technology India's Operating Margin % has ranged from 7.91 to 13.45. According to the industry distribution chart, Kaynes Technology India ranks #435 out of 2472 companies in the Hardware industry, placing it in the top 17.6%.
Is Kaynes Technology India's Operating Margin % too high?
Kaynes Technology India's current Operating Margin % of 11.21% is 13% below median its 10-year median of 12.84. Over the past 10 years, this metric has ranged from a low of 7.91 to a high of 13.45. The Hardware industry median Operating Margin % is 3.81. Kaynes Technology India's value of 11.21% is 194.2% above this industry median. Based on the distribution chart, Kaynes Technology India ranks #435 out of 2472 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Kaynes Technology India has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaynes Technology India's Operating Margin % compare to APH and GLW?
According to the Hardware industry distribution chart, Kaynes Technology India ranks #435 out of 2472 companies for Operating Margin %. This places Kaynes Technology India in the top 18% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.81. Kaynes Technology India's value of 11.21% is 194.2% above this benchmark. Historically, Kaynes Technology India's own Operating Margin % has ranged from 7.91 to 13.45 over the past decade. While the company's 10-year median is 12.84 vs. the industry median of 3.81, Kaynes Technology India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Hardware company?
The median Operating Margin % among Hardware companies is 3.81, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kaynes Technology India's current Operating Margin % of 11.21% is 194.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Kaynes Technology India and its competitors. For the Hardware industry, the median Operating Margin % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaynes Technology India's current Operating Margin % is 11.21%, which is 13% below median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaynes Technology India stock overvalued right now?
Based on GuruFocus' analysis, Kaynes Technology India (NSE:KAYNES) is currently considered Possible Value Trap. The stock's GF Value™ is ₹6,723.24, compared to a current price of ₹3,264.70 — trading 51.4% below its estimated fair value. The current Operating Margin % is 11.21%, which is 13% below median its 10-year median of 12.84 and 194.2% above the Hardware industry median of 3.81. Kaynes Technology India's overall GF Score™ is 85/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Kaynes Technology India (NSE:KAYNES), the current Operating Margin % is 11.21% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Kaynes Technology India (NSE:KAYNES) Overvalued in 2026?
Based on GuruFocus' analysis, Kaynes Technology India stock appears to be undervalued.
The current stock price of ₹3,264.70 is trading 51.4% below its estimated GF Value™ of ₹6,723.24.
GuruFocus considers Kaynes Technology India to be Possible Value Trap.
Key valuation signals for NSE:KAYNES:
Operating Margin %: 11.21% (13% below median its 10-year median of 12.84)
GF Value™: ₹6,723.24 vs. price of ₹3,264.70 (51.4% below fair value)
Industry Position: 194.2% above the Hardware median (#435 of 2472)
No single metric tells the full story. See the NSE:KAYNES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaynes Technology India Ltd is an end-to-end and IoT solutions-enabled integrated electronics manufacturing company. The company provides conceptual design, process engineering, integrated manufacturing, and life-cycle support for players in the automotive, industrial, aerospace and defense, outer-space, nuclear, medical, railways, Internet of Things, Information Technology and other segments. The Company operates predominantly in one business segment which is Electronics Manufacturing Services.
85GF Score
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Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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