Semiconductor stock dips as MD sells ₹625 Cr worth of shares
By : Sandhya
The shares of Kaynes Technology India Ltd, a leading player in IoT-enabled integrated electronics manufacturing services, came under focus after its Managing Director and promoter, Ramesh Kunhikannan, offloaded a significant stake in the company.
On June 4, 2025, Kunhikannan sold 11.25 lakh equity shares — accounting for 1.76% of the company’s total equity — via multiple bulk deals on the NSE and BSE.
On the NSE, 6.25 lakh shares were sold at an average price of ₹5,550.87.
On the BSE, 5 lakh shares were sold at ₹5,553.03 per share.
The total value of the transaction stood at approximately ₹625 crore.
Despite the large-scale stake sale, the stock saw only a marginal dip of 0.17%, trading at ₹5,720, compared to the opening price of ₹5,730.05. As of Thursday, the company’s market capitalization stood at ₹37,231 crore.
Financial Highlights:
Q4FY24-25 Revenue: ₹1,004.95 crore (up 50.7% YoY from ₹666.71 crore)Net Profit: ₹116.2 crore (up from ₹81.26 crore YoY)
Debt-to-Equity Ratio: 0.32
3-Year Revenue CAGR: 36.71%
3-Year Net Profit CAGR: 63.84%
Return on Equity (ROE): 19.4%
Return on Capital Employed (ROCE): 19.2%
Order Book (FY25): ₹6,597 crore
Net Worth (FY25): ₹2,837 crore
Revenue Breakdown (FY25):
Industrial & EV Segment: 55%
Automotive: 26%
Railways: 7%
IoT/IT & Other Sectors: 8%
Medical: 2%
Aerospace, Space & Strategic Electronics: 1%
Despite the promoter’s partial exit, Kaynes continues to demonstrate strong fundamentals and robust financial growth, backed by a diversified revenue base and healthy order book.