Kaynes Technology India vs Cyient DLM: Share Price, Comparison and Key Differences
- August 11, 2026
- Posted by: Neeraj Pandey
- Category: News
Kaynes Technology India MCap Rs 25,808 Cr, PE 70.93x, ROE 7.66%, D/E 0.19. Cyient DLM MCap Rs 5,423 Cr, PE 66.07x, ROE 7.24%, D/E 0.17.
Kaynes Technology India vs Cyient DLM is a comparison high-technology electronics manufacturing investors look up when evaluating two listed Indian EMS companies specialised in aerospace, defence and industrial electronics. Kaynes Technology India, a Mysuru-based company, is an end-to-end electronics solutions provider making PCBs, box builds and complete systems for defence, aerospace, medical, industrial and automotive applications. Cyient DLM (Design, Led Manufacturing), a Hyderabad-based company and Cyient group entity, provides electronics manufacturing services for industrial, aerospace, defence and medical applications. Both Kaynes Technology vs Cyient DLM are high-mix, low-volume electronics manufacturers in defence and aerospace.
This Kaynes Technology India vs Cyient DLM article covers reach and market position, key products, latest declared results and stock valuation. The Kaynes Technology India vs Cyient DLM data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Kaynes Technology India vs Cyient DLM: Reach and Market Position
On the Kaynes Technology India side of the Kaynes Technology India vs Cyient DLM comparison, Kaynes Technology supplies electronics assemblies and systems to defence organisations, aerospace companies, medical device makers and industrial automation companies. Market capitalisation is Rs 25,808 Cr.
Click Here – Get Free Investment Predictions
On the Cyient DLM side of the Kaynes Technology India vs Cyient DLM comparison, Cyient DLM manufactures complex electronics and systems for aerospace, defence, industrial and medical customers globally. Market capitalisation is Rs 5,423 Cr.
Kaynes Technology India vs Cyient DLM: Key Products and Business Mix
In the Kaynes Technology India vs Cyient DLM product comparison, Kaynes Technology India offers: Kaynes earns from PCB assemblies, cable harnesses, box builds and complete electronic systems for defence, aerospace and medical. EPS is Rs 54.28. PE is 70.93x, ROE 7.66 percent, D/E 0.19.
For Cyient DLM in this Kaynes Technology India vs Cyient DLM breakdown: Cyient DLM earns from engineering electronics manufacturing for aerospace, defence and medical clients. EPS is Rs 10.34. PE is 66.07x, ROE 7.24 percent, D/E 0.17.
Kaynes Technology India vs Cyient DLM: Latest Results
The Kaynes Technology India vs Cyient DLM results for Kaynes Technology India: Kaynes Technology has a market cap of Rs 25,808 Cr and PE of 70.93x. ROE is 7.66 percent. Kaynes is 4.75 times larger than Cyient DLM with a similar business model.
The Kaynes Technology India vs Cyient DLM results for Cyient DLM: Cyient DLM has a market cap of Rs 5,423 Cr and PE of 66.07x. ROE is 7.24 percent. Both Kaynes and Cyient DLM have similar ROE and PE profiles, reflecting the early-scale electronics manufacturing business.
Compare Kaynes Technology India and Cyient DLM Fundamentals on the Univest Screener
Kaynes Technology India vs Cyient DLM: Stock and Valuation
The Kaynes Technology India vs Cyient DLM stock comparison uses the latest available market data from Groww. Investors tracking Kaynes Technology India vs Cyient DLM should verify current prices on NSE or BSE before trading.
Kaynes Technology vs Cyient DLM at current valuations: Kaynes trades at Rs 25,808 Cr market cap, PE 70.93x, ROE 7.66 percent. Cyient DLM trades at Rs 5,423 Cr market cap, PE 66.07x, ROE 7.24 percent. Both have similar PE and ROE. Kaynes is significantly larger and cheaper on PE. Both have thin current ROE reflecting investment in capacity.
Kaynes Technology India vs Cyient DLM: Quick Comparison Table
The Kaynes Technology India vs Cyient DLM comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Kaynes Technology India | Cyient DLM |
|---|---|---|
| Sector | PCBs + box builds + systems: defence, aerospace, medical, industrial | Engineering electronics manufacturing: aerospace, defence, medical |
| Market Cap | Rs 25,808 Cr | Rs 5,423 Cr |
| P/E Ratio | 70.93x | 66.07x |
| ROE | 7.66% | 7.24% |
| Debt to Equity | 0.19 | 0.17 |
| Parent | Promoter-owned (Mysuru, Karnataka) | Cyient group (Hyderabad) |
| Key End Markets | Defence + aerospace + medical + industrial automation | Aerospace + defence + industrial + medical |
Conclusion
The Kaynes Technology India vs Cyient DLM comparison above covers the key data points on reach, products, results and valuation. Kaynes Technology India vs Cyient DLM covers two Indian high-technology EMS companies in defence and aerospace. Kaynes has a larger scale and a broader product range. Cyient DLM has a global engineering parent (Cyient) providing design-to-manufacture integration. Kaynes vs Cyient DLM investors should review order book, customer diversification, defence indigenisation programme wins and electronics content per platform. Kaynes Technology vs Cyient DLM are both beneficiaries of India’s defence electronics indigenisation push. Consult a SEBI-registered advisor for personalised guidance.
Download the Univest iOS App or Univest Android App to track Kaynes Technology India and Cyient DLM live price and get daily stock recommendations.
Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Kaynes Technology make?
Ans. Kaynes Technology provides end-to-end electronics manufacturing – bare PCBs, PCB assemblies, cable harnesses, box builds and complete electronic systems – for defence, aerospace, medical device, industrial automation and automotive clients.
What does Cyient DLM do?
Ans. Cyient DLM (Design Led Manufacturing) is the engineering electronics manufacturing arm of Cyient group, providing electronics design validation and manufacturing for aerospace, defence, industrial and medical customers.
What is high-mix low-volume EMS?
Ans. High-mix low-volume (HMLV) EMS refers to manufacturing many different complex electronic products in small quantities – typical of defence, aerospace and medical applications where individual product volumes are limited but specifications are complex.
What is India’s defence electronics opportunity?
Ans. India’s defence indigenisation policies (Make in India, Atmanirbhar Bharat) mandate a growing percentage of defence equipment to be manufactured in India. Electronics manufacturers like Kaynes and Cyient DLM are direct beneficiaries.
Are Kaynes and Cyient DLM in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger, Kaynes or Cyient DLM?
Ans. Kaynes Technology at Rs 25,808 Cr is approximately 4.75 times larger than Cyient DLM at Rs 5,423 Cr.
Does Kaynes pay dividends?
Ans. No. Kaynes Technology does not currently pay dividends, reinvesting for capacity expansion.
