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. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Build-to-Spec (BTS), Electronics Manufacturing Services (EMS). Electronics design and manufacturing with a dual BTS/EMS structure, exposed to Indian government defense capex and global semiconductor equipment cycles.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 780 | 923 | 1,091 | 1,155 | 953 |
| EBITDA (ex other income) | 14 | 76 | 81 | 82 | 135 |
| margin % | 1.8 | 8.3 | 7.4 | 7.1 | 14.2 |
| Owners' profit | (53) | 11 | 4 | 0 | (52) |
| EPS, as reported (₹) | (23.71) | 7.62 | 1.38 | 1.89 | (31.62) |
| ROE % · ROCE % | (26.9) · (6.3) | 3.3 · 11.6 | (1.4) · 11.9 | (0.5) · 10.2 | (15.9) · 20.7 |
| Debt / equity (x) | 1.37 | 1.29 | 0.88 | 0.37 | 0.38 |
| Cash from operations | 103 | 70 | 214 | (29) | 60 |
| Capex | (19) | (22) | (33) | (19) | (40) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 260 | 281 | 369 | 273 | 291 | 331 | 340 | 204 |
| Profit before tax | 3 | (16) | 30 | 10 | 9 | (39) | 46 | 16 |
| Net profit | (0) | (19) | 22 | 4 | 4 | (62) | 2 | 106 |
| EPS (₹) | (0.26) | (12.79) | 16.92 | 3.95 | 2.96 | (41.56) | 3.35 | 71.47 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HINDUSTAN AERONAUTICS LTD | 3,28,037 | 35.2 | 7.99 | 24.1 | 22.2 | 13.7 | 7.8 | 44.0 |
| BHARAT ELECTRONICS LTD | 2,95,572 | 48.1 | 12.31 | 34.1 | 25.3 | 31.9 | 14.4 | 28.1 |
| BHARAT DYNAMICS LIMITED | 43,621 | 83.7 | 10.29 | — | 9.9 | 7.2 | — | 32.6 |
| GARDEN REACH SHIP&ENG LTD | 28,027 | 35.0 | 10.67 | — | 28.5 | 36.2 | — |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · Centum Electronics to meet analysts and institutional investors on Sept 9 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Centum Electronics wins USD 3.22M export order from Global OEM for electronic systems | business updates | high | — | — |
| 1 Sept 2026 · Centum Electronics Investor Presentation Sep 2026 | investor communications | medium | — | — |
| 1 Sept 2026 · Centum Electronics Sep 2026 Investor Presentation | investor communications | medium | — | — |
| 21 Aug 2026 · Schedule of investor and analyst meeting on Sep 02, 2026 | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Centum Electronics Q1 FY27 call: order book up 31% YoY at INR1800 cr | investor communications | medium | — | — |
| 18 Aug 2026 · ECMS approval for Rs. 106 crore investment in Transducers and Filters | business updates | high | — | — |
| 18 Aug 2026 · Centum Electronics ESG rating upgraded to 60 from 52 by Crisil | credit debt | medium | — | — |
| 14 Aug 2026 · Audio recording of analyst and investor call uploaded on website | investor communications | low | — | — |
| 14 Aug 2026 · Centum Electronics 33rd AGM: All 5 resolutions passed, Rs 5 dividend approved | board shareholder meetings | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 13.7 |
| DATA PATTERNS INDIA LTD | 27,042 | 100.9 | 15.58 | — | 15.6 | 20.3 | — | 33.3 |
| ASTRA MICROWAVE LTD | 16,031 | 84.8 | 12.20 | 45.8 | 14.7 | 17.2 | 12.7 | 20.1 |
| APOLLO MICRO SYSTEMS LTD | 15,650 | 121.7 | 11.96 | 71.7 | 8.2 | 10.4 | 34.8 | 22.3 |
| ZEN TECHNOLOGIES LIMITED | 15,599 | 86.2 | 8.00 | 46.5 | 11.2 | 15.1 | 65.9 | 38.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 117.0 | 83.7 | 18 of 23 | 23% |
| P/B | 19.3 | 10.6 | 22 of 23 | 5% |
| ROCE | 18.0 | 13.6 | 8 of 26 | 72% |
| ROE | (15.9) | 10.9 | 23 of 23 | 0% |
| Debt / Equity | 0.4 | 0.0 | 20 of 23 | 14% |
| EBITDA margin | 12.7 | 22.3 | 18 of 23 | 23% |
| Revenue growth | (25.3) | 24.9 | 21 of 23 | 9% |
| Profit growth | 2257.0 | 14.9 | 1 of 21 | 100% |
| Market cap | 6257 | 7486 | 15 of 26 | 44% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
