NSE: OPTIEMUS · BSE: 530135
OPTIEMUS INFRACOM LTD
Manufactures and distributes telecom equipment, mobile devices and electronic accessories through two segments. The manufacturing business, operated primarily through wholly-owned subsidiary Optiemus Electronics Limited at its Noida facility, accounted for 59.7% of segment revenue at Rs 1,119.12 crore in FY26, with EBIT of Rs 45.72 crore. Its portfolio spans IoT and cellular modules (5G, 4G, Cat-1, automotive under a Quectel manufacturing partnership), AI+ smartphones, Realme power banks, PhonePe Soundbox devices, POS terminals and telecom equipment, and is extending into cover glass via BIG Tech, a 70:30 joint venture with Corning International that is setting up a plant in Tamil Nadu, and into B2C screen protectors subject to a BIS certification mandate by December 2026. The trading and distribution segment contributed the remaining 40.3% at Rs 755.94 crore (EBIT Rs 27.64 crore), distributing handsets and accessories. Consolidated FY26 revenue was Rs 1,768.62 crore with an EBITDA margin of 6.99%, weighed down by an exit from volatile brand partnerships that drove the 6.4% revenue decline, even as Q4 FY26 operating revenue grew 8% year-on-year to Rs 484.98 crore. Materials are the largest cost at 33.9% of revenue, and capex ran at 17.7% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Manufacturing Business (60%), Trading & Distribution (40%). Asset-heavy electronics manufacturing services and handset distribution, with capex of 17.7% of revenue
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 472 | 1,174 | 1,528 | 1,890 | 1,769 |
| EBITDA (ex other income) | (19) | 25 | 79 | 108 | 98 |
| margin % | (4.0) | 2.1 | 5.2 | 5.7 | 5.5 |
| Owners' profit | (0) | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.10) | 4.88 | 6.62 | 7.37 | 7.52 |
| ROE % · ROCE % | (0.3) · 3.0 | 11.0 · 14.6 | 13.3 · 15.9 | 9.1 · 12.4 | 8.0 · 9.1 |
| Debt / equity (x) | 0.13 | 0.14 | 0.38 | 0.19 | 0.37 |
| Cash from operations | 28 | 1 | 40 | (13) | (12) |
| Capex | 0 | (36) | (62) | (39) | (312) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 477 | 472 | 449 | 435 | 418 | 430 | 485 | 883 |
| Profit before tax | 17 | 20 | 21 | 18 | 25 | 19 | 14 | 28 |
| Net profit | 14 | 15 | 22 | 15 | 17 | 12 | 22 | 21 |
| EPS (₹) | 1.60 | 1.75 | 2.61 | 1.67 | 1.92 | 1.39 | 2.56 | 2.39 |
Exhibit 3: Segment revenue, FY26
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| a) Trading & distribution | 154 | 8.2 |
| b) Manufacturing Business | 1,119 | 59.7 |
| a) Trading & Distribution | 351 | 18.7 |
| a) Trading and Distribution | 251 | 13.4 |
| Total, before eliminations | 1,875 | 100.0 |
Exhibit 4: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TAMILNADU TELECOMMUNICATI | 41,188 | — | — | — | 7.7 | 8.5 | — | — |
| ITI LTD | 21,318 | 56.2 | 11.19 | 40.4 | 15.4 | 14.0 | (1.6) | 2.4 |
| TEJAS NETWORKS LIMITED | 7,468 | — | 2.55 | — | (31.0) | (37.1) | 15.9 | (22.7) |
| OPTIEMUS INFRACOM LTD ◆ | 6,529 | 89.1 | 7.94 | 55.0 | 8.0 | 7.0 | 57.7 | 4.7 |
| KAVVERI DFS & WIR TEC LTD | 502 | — | 4.49 | 335.6 | 1.1 | 1.1 | 10.2 | (77.3) |
| UMIYA BUILDCON LIMITED | 168 | 19.6 | 1.46 | 4.2 | 36.6 | 23.3 | — | 29.5 |
Exhibit 5: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 89.1 | 20.5 | 20 of 21 | 5% |
| P/B | 7.9 | 4.5 | 15 of 21 | 30% |
| ROCE | 7.0 | 10.2 | 18 of 27 | 35% |
| ROE | 8.0 | 12.9 | 15 of 21 | 30% |
| Debt / Equity | 0.4 | 0.3 | 12 of 21 | 45% |
| EBITDA margin | 4.7 | 20.0 | 24 of 28 | 15% |
| Revenue growth | 102.8 | 9.6 | 3 of 29 | 93% |
| Profit growth | 45.8 | 36.6 | 12 of 28 | 59% |
| Market cap | 6529 | 2310 | 12 of 30 | 62% |
Exhibit 6: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · Optiemus approves up to Rs 50 crore unsecured loan to GDN subsidiary | credit debt | medium | — | — |
| 20 Oct 2026 · Newspaper notice for lost share certificates of shareholders | compliance | minimal | — | — |
| 12 Oct 2026 · Optiemus to provide Rs 30 Cr surety for subsidiary customs duties | credit debt | medium | — | — |
| 8 Oct 2026 · Routine compliance filing for Q2 FY27 dematerialization certificate | compliance | minimal | — | — |
| 7 Oct 2026 · Clarification on unusual rise in trading volume | regulatory legal | medium | — | — |
| 7 Oct 2026 · BSE seeks clarification on unusual trading volume | regulatory legal | high | — | — |
| 6 Oct 2026 · Newspaper ad on special window for physical share transfer and demat | compliance | minimal | — | — |
| 30 Sept 2026 · 33rd AGM: All 4 resolutions passed, voting results submitted | compliance | minimal | — | — |
| 28 Sept 2026 · Optiemus 33rd AGM held on Sept 28, 2026; 4 resolutions approved | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading Window Closure Ahead of September Quarter Results | compliance | minimal | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | 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 |
Sources, method and disclosures
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.