Mujahid abbas chhapiya

[Mujahid abbas chhapiya @themujju]

@Awhadspeaks पब्लिक को देखो.... कैसे भाग रही है । पुलिस को बुलाने तक इसको छोड़ा कैसे इन्होंने इसको भागने कैसे दिया।

[Mujahid abbas chhapiya @themujju]

@CJP_for_India Data

[Telegram Messenger @telegram]

@KartiPC @NTA_Exams You should also shut down all the shopping malls since there might be a theft in one of them. And close the roads because I heard someone was speeding.

[THE SKIN DOCTOR @theskindoctor13]

Wonder what happened to this claim..

[Dhruv Rathee @dhruv_rathee]

3 Indian civilians mercilessly killed in US Strike

PM Surrender Modi is completely silent on it. Not even a word for the family’s loss.

[Mujahid abbas chhapiya @themujju]

@drmbct @WesternRly @WesternRly @mybmc @mpcb_official @RailMinIndia Open burning of debris and wooden waste has been continuing for over 7 hours near Bandra East railway premises. The smoke and fumes are worsening and affecting commuters. Immediate action requested.

[Mujahid abbas chhapiya @themujju]

@WesternRly
Open burning of wooden debris after encroachment removal near Bandra East railway premises is causing unnecessary air pollution. Request immediate intervention to stop this practice and ensure proper waste disposal. Video attached. #Mumbai #AirPollution #bandra

[Mujahid abbas chhapiya @themujju]

@narendramodi Economy be like

[Mujahid abbas chhapiya @themujju]

@aswathkumaraku @REDBOXINDIA Look...mbbs dr also not spared that virus

[Mujahid abbas chhapiya @themujju]

@priyarajputlive @MotherDairyMilk

[Mujahid abbas chhapiya @themujju]

@AbhishekSay @ANI Fafda jalebi khake confrence ki hai...sugar spike aarahe he

[Devendra Fadnavis @Dev_Fadnavis]

The austerity measures announced by the govt of India is an indicator that the economy is in total mess.

[Mujahid abbas chhapiya @themujju]

@narendramodi https://t.co/LafEf0grOd

[Narendra Modi @narendramodi]

Massive hike in #petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Guj.

[Narendra Modi @narendramodi]

Massive hike in #petrol prices is a prime example of the failure of Congress-led UPA. This will put a burden of hundreds of crores on Guj.

[Mujahid abbas chhapiya @themujju]

3400-3500 option writer ki short covering help kregi if uptrend continue

[Mujahid abbas chhapiya @themujju]

Kaynes tech
Smart money buys ~3395
And sell at ~4228

[Mujahid abbas chhapiya @themujju]

Kaynes tech
Jab sab bechte he tab koi he jo kharidta he

[Mujahid abbas chhapiya @themujju]

Best explained... kaynes tech saga

[SHARE PURANA @SharePurana]

I AM AVERAGING KAYNES TECH @3493 AT LC TODAY. 👀

This company has become the biggest debate of the market right now.

One side says:
🚩 Fraud company
🚩 Financial engineering
🚩 Cash burn story
🚩 Unsustainable valuation
🚩 “Everything is narrative”

The other side says:
⚡ India EMS leader
⚡ Semiconductor optionality
⚡ OSAT + PCB integration
⚡ Massive manufacturing opportunity
⚡ Long-term sunrise sector

Now let’s remove emotions and study the actual data. 👇

📌 FY26 Revenue:
₹36,264 Mn (+33% YoY)

📌 EBITDA:
₹5,741 Mn (+40% YoY) with EBITDA margin improving to 15.8% for FY26

📌 PAT:
₹3,639 Mn (+24% YoY) but PAT margins declined to 10%

Now comes the REAL concern:
Q4 PAT declined 21% YoY despite strong revenue growth.

Why?

Because:
⚠️ Employee expenses exploded ~76% YoY in FY26
⚠️ Depreciation doubled due to aggressive capex
⚠️ Finance costs increased
⚠️ Working capital days jumped from 87 → 125 days

And THIS is where bears are attacking aggressively.

Let’s talk honestly:
The company is scaling VERY aggressively.

But aggressive scaling creates:
❌ Higher receivables
❌ Higher inventory
❌ Lower near-term cash flow
❌ Margin pressure
❌ Execution risk

In fact:
Cash flow from operations was NEGATIVE ₹600 Cr in FY26.

This is the biggest red flag market is reacting to.

Now let’s see the OTHER SIDE.

People ignoring one thing:
Kaynes is no longer just a simple EMS company.

The company is trying to vertically integrate into:
⚡ OSAT (chip packaging/testing)
⚡ HDI PCB manufacturing
⚡ Advanced electronics ecosystem

That means:
They are trying to move from low-value EMS toward higher-value semiconductor-linked manufacturing.

And if this execution succeeds, market may eventually justify current valuations.

Interesting developments:
✅ India’s first commercial multi-chip module launched from Sanand OSAT facility
✅ PCB Unit expected operational by July 2026
✅ Order book at ₹83,663 Mn vs ₹65,969 Mn last year

The company is clearly betting BIG on:
🇮🇳 India electronics manufacturing
🇮🇳 Import substitution
🇮🇳 Semiconductor ecosystem buildout

Now the MOST IMPORTANT thing:

This is NOT a clean comfort stock anymore.

This has become a:
⚔️ High conviction vs high skepticism battleground.

Bulls believe:
🚀 Massive future optionality
🚀 India semiconductor opportunity
🚀 Long runway

Bears believe:
🚩 Valuation already discounts perfection
🚩 Weak cash conversion
🚩 Execution risk very high
🚩 Too much capex too fast

My personal observation:
This is no longer a stock where quarterly PAT alone matters.

The REAL question is:
Can Kaynes successfully transition from EMS company → integrated electronics + semiconductor ecosystem player over the next 3 to 5 years?

If yes:
Current panic may later look like opportunity.

If no:
Market will punish valuation brutally.

That’s why this stock is becoming one of the most emotionally divided stories in the Indian market today.

DISCLAIMER = THIS IS NOT A BUY OR SELL RECOMMENDATION AT ALL. SHARING ONLY FOR STUDY PURPOSES. BEFORE TAKING ANY FINANCIAL DECISION CONSULT YOUR FINANCIAL ADVISOR.

#kaynes #kaynestech

[Mujahid abbas chhapiya @themujju]

@raghav_chadha

[Mujahid abbas chhapiya @themujju]

@AshishGupta325