CENTUM ELECTRONICS LTD

Designs and manufactures electronic systems for India's aerospace, defense, and semiconductor equipment sectors, with 57.20% of standalone revenue from exports to 20 countries. Operates two segments: Build-to-Spec (BTS), which builds custom subsystems including AESA radar, space payloads, radar subsystems, electronic warfare, and missile electronics; and Electronics Manufacturing Services (EMS), which assembles modules for a global semiconductor equipment OEM and defense export customers. FY26 standalone revenue was INR 973 cr (up ~25% YoY); the FY26 order book closed at INR 1,645 cr (up ~23% YoY). Order book includes an INR 570+ cr AESA radar program from HAL for the UHM platform and an INR 30 cr space debris tracking radar order. Materials account for 68.2% of revenue and employee costs 13.8%; FY27 capex is guided at INR 40-45 cr. Wound up Canadian operations in Q4 FY26 and the French subsidiary entered judicial liquidation effective 2 July 2026, booking an INR 203 cr exceptional charge for related provisions and impairments; deconsolidation expected by Q1/Q2 FY27.