Kaynes - Scaling Up The Smart Meter Business Amid Growing Market Demand: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Smart meters are gaining momentum due to India's RDSS scheme, which aims to replace 250 million conventional meters by CY25. As of September 2024, only 14.5 million meters have been installed, but the installation rates are projected to rise, presenting a substantial Rs 632.8 billion opportunity for Advanced Metering Infrastructure Service Providers and System Integrators. While Kaynes Technology India Ltd. already manufactures smart meters for clients such as Iskraemeco and L&T from its Mysore facility, it has recently opened a large Hyderabad plant with a capacity of 4m meters annually. The company has also acquired Iskraemeco India (AMISPs/SI) for Rs 492.86 million, enhancing its manufacturing and customer service capabilities. This acquisition enables Kaynes to offer installation and after-sales services while expanding into smart meters for other utilities (gas or water).  Kaynes has launched a fully automated facility in Hyderabad, producing 3,000 smart meters daily (4m meters p.a.). The company’s plans to add another building next year thereby increasing the capacity to 10m meters annually, supporting future expansions..Click on the attachment to read the full report:.Consumer Sector Q2 Results Preview - Consumption Trends Sustain; Jewelry To Outperform: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Kaynes - Scaling Up The Smart Meter Business Amid Growing Market Demand: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 6,400 (premised on 60 times June’26E EPS).

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Kaynes - Scaling Up The Smart Meter Business Amid Growing Market Demand: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 6,400 (premised on 60 times June’26E EPS).

Choose a plan

Follow Us

DOWNLOAD THE APP