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Indian (NIFTY) Electronic Equipment and Components Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies76
  • 7D2.0%
  • 3M46.0%
  • 1Y2.1%
  • YTD31.8%

Over the last 7 days, the Electronic Equipment and Components industry has risen 5.7%, driven by gains in Honeywell Automation India and Syrma SGS Technology of 5.8% and 7.0%, respectively. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

Has the Indian Electronic Equipment and Components Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026₹2.4t₹1.8t₹53.9b36.2x45.2x1.3x
Sun, 24 May 2026₹2.0t₹1.8t₹53.2b32.9x37.6x1.1x
Tue, 21 Apr 2026₹2.0t₹1.7t₹53.8b30.8x36.7x1.1x
Thu, 19 Mar 2026₹1.7t₹1.7t₹53.5b26.2x31x1x
Sat, 14 Feb 2026₹1.8t₹1.7t₹53.2b27.5x33.4x1x
Mon, 12 Jan 2026₹1.7t₹1.6t₹50.0b36.5x34.3x1.1x
Wed, 10 Dec 2025₹1.8t₹1.6t₹50.0b37.2x36.1x1.1x
Fri, 07 Nov 2025₹2.0t₹1.6t₹51.1b38.2x39.4x1.2x
Sun, 05 Oct 2025₹2.1t₹1.6t₹49.0b41x41.9x1.3x
Tue, 02 Sep 2025₹2.0t₹1.6t₹48.9b42.1x40.1x1.2x
Thu, 31 Jul 2025₹1.8t₹1.5t₹43.4b41.2x42.4x1.2x
Sat, 28 Jun 2025₹1.9t₹1.5t₹43.4b37.1x43.1x1.3x
Mon, 26 May 2025₹1.8t₹1.5t₹42.0b42.4x42.4x1.2x
Wed, 23 Apr 2025₹1.7t₹1.4t₹35.6b41.1x48.5x1.2x
Fri, 21 Mar 2025₹1.6t₹1.4t₹35.3b37.4x44x1.1x
Sun, 16 Feb 2025₹1.6t₹1.4t₹37.2b42.2x43.5x1.1x
Tue, 14 Jan 2025₹2.0t₹1.4t₹34.8b57.6x56.8x1.4x
Thu, 12 Dec 2024₹2.1t₹1.4t₹34.8b55.6x59.9x1.5x
Sat, 09 Nov 2024₹1.9t₹1.4t₹34.1b52.6x56.2x1.4x
Mon, 07 Oct 2024₹1.8t₹1.3t₹32.4b46.7x55.9x1.4x
Wed, 04 Sep 2024₹1.8t₹1.3t₹30.9b47.2x58.7x1.3x
Fri, 02 Aug 2024₹1.8t₹1.3t₹30.5b56.6x58.1x1.3x
Sun, 30 Jun 2024₹1.6t₹1.3t₹28.9b46.6x56.5x1.3x
Tue, 28 May 2024₹1.5t₹1.3t₹32.1b56.1x45.7x1.1x
Thu, 25 Apr 2024₹1.4t₹1.3t₹31.4b56.2x44.2x1.1x
Sat, 23 Mar 2024₹1.2t₹1.3t₹31.4b51.2x39.3x1x
Mon, 19 Feb 2024₹1.3t₹1.3t₹31.4b52.1x40.6x1x
Wed, 17 Jan 2024₹1.2t₹1.1t₹29.7b56x40.1x1.1x
Fri, 15 Dec 2023₹1.2t₹1.1t₹29.7b53.1x38.7x1x
Sun, 12 Nov 2023₹1.1t₹1.1t₹29.2b55.8x38.1x1x
Tue, 10 Oct 2023₹1.1t₹1.1t₹29.9b51.4x38.2x1x
Thu, 07 Sep 2023₹1.1t₹1.1t₹29.5b57.9x37.1x1x
Sat, 05 Aug 2023₹1.0t₹1.1t₹28.7b55x35.3x0.9x
Mon, 03 Jul 2023₹921.9b₹1.0t₹30.0b43.2x30.7x0.9x
Price to Earnings Ratio

30.7x


Total Market Cap: ₹921.9bTotal Earnings: ₹30.0bTotal Revenue: ₹1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electronic Equipment and Components Industry Price to Earnings3Y Average 43.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Electronic industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 43.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Tech industry?

IN Market-0.51%
Tech-3.11%
Electronic Equipment and Components2.03%
Technology Distributors5.21%
Electronic Equipment and Instruments2.75%
Electronic Components2.24%
Electronic Manufacturing Services0.23%
Industry PE
  • Investors are most optimistic about the Electronic Manufacturing Services industry even though it's trading below its 3-year average PE ratio of 87.5x.
    • Analysts are expecting annual earnings growth of 26.4%, which is lower than the prior year's growth of 58.9% per year.
  • Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 59% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 18% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
517174 Honeywell Automation India₹39.40k5.8%
+₹19.2b		1.8%PE66.4x
SYRMA Syrma SGS Technology₹1.44k7.0%
+₹18.0b		167.1%PE87.3x
REDINGTON Redington₹286.405.3%
+₹11.3b		-3.5%PE15x
CPPLUS Aditya Infotech₹3.56k1.3%
+₹5.3b		n/aPE113.9x
RPTECH Rashi Peripherals₹780.907.0%
+₹3.4b		158.5%PE18.5x

Latest News

533581
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7D
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1Y
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Narrative Update • Jun 25

533581: 2026 Board Meetings And Dividend Plans Will Shape Measured Repricing Outlook

The analyst price target for PG Electroplast has been adjusted modestly higher to ₹607.56 from ₹593.22, with analysts citing changes in fair value estimates, the discount rate, and forward P/E assumptions as the key factors behind the revision. What's in the News PG Electroplast has recommended a final dividend at 25%, equal to ₹0.25 per equity share of the company, according to a key corporate development update.
AVALON
₹1,750.30
Avalon Technologies
7D
-0.3%
1Y
111.4%
Narrative Update • Jun 23

AVALON: Elevated P/E Will Likely Outrun Modestly Improved Profitability

Analysts have raised their price target on Avalon Technologies to ₹705 from ₹661.94, citing updated assumptions that include a different discount rate, slightly adjusted revenue growth, a higher profit margin and a lower future P/E multiple. What's in the News Avalon Technologies has scheduled a board meeting on May 6, 2026, at 18:00 Indian Standard Time to consider audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with the statutory auditor's report.
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Redington
7D
5.3%
1Y
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Narrative Update • Jun 23

REDINGTON: Upcoming Dividend And Board Decisions Will Highlight Undervalued Upside Potential

Analysts have trimmed their price target for Redington slightly to ₹308.33 from ₹313.75, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What’s in the News for Redington Redington Limited has scheduled a Board meeting on May 13, 2026, at 14:30 IST to consider and approve the audited standalone and consolidated financial statements for the quarter and year ended March 31, 2026.
SYRMA
₹1,440.50
Syrma SGS Technology
7D
7.0%
1Y
167.1%
Narrative Update • Jun 22

SYRMA: JVCo Control And IoT Manufacturing Will Shape Balanced Outlook

Analysts have raised their price target on Syrma SGS Technology from ₹1,090.03 to ₹1,372.00, reflecting updated assumptions for revenue growth, profit margin, discount rate and future P/E. What’s in the News for Syrma SGS Technology An upcoming board meeting on May 11, 2026 is scheduled to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and to consider recommending a dividend on equity shares for the same financial year.
530343
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Genus Power Infrastructures
7D
2.4%
1Y
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Narrative Update • Jun 19

530343: Future Order Conversions And Executable Pipeline Will Support Further Upside

Analysts have kept their price target for Genus Power Infrastructures steady at ₹550, reflecting updated assumptions around a slightly higher discount rate, more moderate revenue expectations, softer profit margins, and a higher future P/E multiple. What’s in the News for Genus Power Infrastructures Genus Power Infrastructures has been shortlisted as one of four bidders in the final round for the proposed sale of IntelliSmart Infrastructure, with due diligence underway and binding bids expected by mid June, according to ET.
KAYNES
₹3,264.70
Kaynes Technology India
7D
-3.6%
1Y
-43.4%
Narrative Update • Jun 17

KAYNES: Elevated Future P/E Will Limit Stock Price Upside

The analyst fair value estimate for Kaynes Technology India has shifted slightly from ₹2,697.16 to ₹2,668.05, with analysts pointing to updated assumptions on the discount rate, revenue growth, profit margin and future P/E as the key drivers behind this recalibration. What's in the News for Kaynes Technology India Kaynes Technology India has scheduled a Board Meeting for May 13, 2026, at 10:30 Indian Standard Time to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
CYIENTDLM
₹465.00
Cyient DLM
7D
-0.9%
1Y
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New Narrative • Jun 17

Cyient DLM Stock Will Face Pressure As EMS Market Expansion Raises Competitive Risks

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RPTECH
₹780.90
Rashi Peripherals
7D
7.0%
1Y
158.5%
Analysis Article • Jun 17

We Ran A Stock Scan For Earnings Growth And Rashi Peripherals (NSE:RPTECH) Passed With Ease

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530135
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Optiemus Infracom
7D
6.0%
1Y
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KERNEX
₹2,035.70
Kernex Microsystems (India)
7D
-2.0%
1Y
68.0%
Analysis Article • Jun 06

Kernex Microsystems (India)'s (NSE:KERNEX) Solid Earnings May Rest On Weak Foundations

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CPPLUS
₹3,558.50
Aditya Infotech
7D
1.3%
1Y
n/a
Analysis Article • Jun 04

Solid Earnings May Not Tell The Whole Story For Aditya Infotech (NSE:CPPLUS)

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ELIN
₹99.43
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7D
-6.4%
1Y
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517174
₹39,403.40
Honeywell Automation India
7D
5.8%
1Y
1.8%
SEDEMAC
₹2,666.20
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7D
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1Y
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7D
-1.9%
1Y
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Analysis Article • May 17

Solid Earnings May Not Tell The Whole Story For D-Link (India) (NSE:DLINKINDIA)

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Centum Electronics
7D
2.4%
1Y
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