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Kaynes Technology IndiaNSE:KAYNES -0.60%86 Return-on-Tangible-Equity is 8.66% as of Mar. 2026, which is 21% below its 10-year median of 10.97. GuruFocus rates NSE:KAYNES with a GF Score™ of 86/100 and a GF Value™ of ₹6,882.05 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 2,384 Hardware companies, Kaynes Technology India ranks better than 66.44% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Kaynes Technology India's annualized net income for the quarter that ended in Mar. 2026 was ₹3,649 Mil. Kaynes Technology India's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹42,120 Mil. Therefore, Kaynes Technology India's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.66%.
The historical rank and industry rank for Kaynes Technology India's Return-on-Tangible-Equity or its related term are showing as below:
NSE:KAYNES'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.69 Med: 10.97 Max: 29.67
Current: 10.02
During the past 7 years, Kaynes Technology India's highest Return-on-Tangible-Equity was 29.67%. The lowest was 9.69%. And the median was 10.97%.
NSE:KAYNES's Return-on-Tangible-Equity is ranked better than 66.44% of 2384
companies
in the Hardware industry
Industry Median: 5.33
vs NSE:KAYNES: 10.02
Kaynes Technology India (NSE:KAYNES) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Kaynes Technology India Return-on-Tangible-Equity Related Terms
Kaynes Technology India Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Kaynes Technology India's Return-on-Tangible-Equity 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.
Kaynes Technology India Return-on-Tangible-Equity Chart
NSE:KAYNES vs APH, GLW: Return-on-Tangible-Equity Comparison
For the Electronic Components subindustry, Kaynes Technology India's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Kaynes Technology India's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Kaynes Technology India's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 8.66% mean?
Kaynes Technology India (NSE:KAYNES) has a Return-on-Tangible-Equity of 8.66% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kaynes Technology India and its competitors. This is 21% below median its historical median of 10.97. Over the past decade, Kaynes Technology India's Return-on-Tangible-Equity has ranged from 9.69 to 29.67. According to the industry distribution chart, Kaynes Technology India ranks #800 out of 2384 companies in the Hardware industry, placing it in the top 33.6%.
Is Kaynes Technology India's Return-on-Tangible-Equity too high?
Kaynes Technology India's current Return-on-Tangible-Equity of 8.66% is 21% below median its 10-year median of 10.97. Over the past 10 years, this metric has ranged from a low of 9.69 to a high of 29.67. The Hardware industry median Return-on-Tangible-Equity is 5.33. Kaynes Technology India's value of 8.66% is 62.5% above this industry median. Based on the distribution chart, Kaynes Technology India ranks #800 out of 2384 companies in the Hardware industry, which is above the industry midpoint. Overall, Kaynes Technology India has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaynes Technology India's Return-on-Tangible-Equity compare to APH and GLW?
According to the Hardware industry distribution chart, Kaynes Technology India ranks #800 out of 2384 companies for Return-on-Tangible-Equity. This puts Kaynes Technology India in the upper half of its industry. The industry median Return-on-Tangible-Equity is 5.33. Kaynes Technology India's value of 8.66% is 62.5% above this benchmark. Historically, Kaynes Technology India's own Return-on-Tangible-Equity has ranged from 9.69 to 29.67 over the past decade. While the company's 10-year median is 10.97 vs. the industry median of 5.33, 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 Return-on-Tangible-Equity for a Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 5.33, based on 2,384 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Kaynes Technology India's current Return-on-Tangible-Equity of 8.66% is 62.5% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Kaynes Technology India and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaynes Technology India's current Return-on-Tangible-Equity is 8.66%, which is 21% below median its own 10-year median of 10.97. 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 ₹6,882.05, compared to a current price of ₹3,252.40 — trading 52.7% below its estimated fair value. The current Return-on-Tangible-Equity is 8.66%, which is 21% below median its 10-year median of 10.97 and 62.5% above the Hardware industry median of 5.33. Kaynes Technology India's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Kaynes Technology India (NSE:KAYNES), the current Return-on-Tangible-Equity is 8.66% 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 ₹3,252.40 is trading 52.7% below its estimated GF Value™ of ₹6,882.05.
GuruFocus considers Kaynes Technology India to be Possible Value Trap.
Key valuation signals for NSE:KAYNES:
Return-on-Tangible-Equity: 8.66% (21% below median its 10-year median of 10.97)
GF Value™: ₹6,882.05 vs. price of ₹3,252.40 (52.7% below fair value)
Industry Position: 62.5% above the Hardware median (#800 of 2384)
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.
86GF Score
Get the complete analysis for NSE:KAYNES
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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