Narrative Update • May 23
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- 7D7.6%
- 3M12.1%
- 1Y-10.2%
- YTD11.1%
The Electronic Equipment and Components industry is up 7.6% in the last week, with Honeywell Automation India up 22%. Meanwhile, Wonder Electricals actually underperformed within the industry, shrinking 11% in the last week. However, the industry is down 10% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Indian Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 28 May 2026 | ₹2.0t | ₹1.8t | ₹53.1b | 35.9x | 38.5x | 1.1x |
| Sat, 25 Apr 2026 | ₹2.0t | ₹1.7t | ₹53.7b | 32.5x | 36.5x | 1.1x |
| Mon, 23 Mar 2026 | ₹1.7t | ₹1.7t | ₹54.0b | 25.7x | 31.4x | 1x |
| Wed, 18 Feb 2026 | ₹1.8t | ₹1.7t | ₹53.5b | 28.2x | 33.3x | 1x |
| Fri, 16 Jan 2026 | ₹1.7t | ₹1.6t | ₹50.0b | 34.5x | 34.3x | 1x |
| Sun, 14 Dec 2025 | ₹1.8t | ₹1.6t | ₹50.0b | 36.8x | 36.2x | 1.1x |
| Tue, 11 Nov 2025 | ₹2.0t | ₹1.6t | ₹51.6b | 37.2x | 39.1x | 1.2x |
| Thu, 09 Oct 2025 | ₹2.1t | ₹1.6t | ₹49.0b | 42.4x | 42.1x | 1.3x |
| Sat, 06 Sep 2025 | ₹2.0t | ₹1.6t | ₹48.9b | 44.3x | 40.8x | 1.3x |
| Mon, 04 Aug 2025 | ₹1.9t | ₹1.5t | ₹43.8b | 40.7x | 42.8x | 1.2x |
| Wed, 02 Jul 2025 | ₹1.9t | ₹1.5t | ₹43.4b | 38.7x | 43.5x | 1.3x |
| Fri, 30 May 2025 | ₹1.8t | ₹1.5t | ₹42.2b | 38.7x | 42.8x | 1.2x |
| Sun, 27 Apr 2025 | ₹1.7t | ₹1.4t | ₹35.7b | 39x | 46.8x | 1.2x |
| Tue, 25 Mar 2025 | ₹1.6t | ₹1.4t | ₹35.3b | 39.6x | 45.6x | 1.1x |
| Thu, 20 Feb 2025 | ₹1.5t | ₹1.4t | ₹37.2b | 42.2x | 40.8x | 1.1x |
| Sat, 18 Jan 2025 | ₹2.1t | ₹1.4t | ₹34.8b | 57x | 58.9x | 1.5x |
| Mon, 16 Dec 2024 | ₹2.1t | ₹1.4t | ₹34.8b | 56x | 60.8x | 1.5x |
| Wed, 13 Nov 2024 | ₹1.9t | ₹1.4t | ₹34.3b | 51.9x | 55.3x | 1.4x |
| Fri, 11 Oct 2024 | ₹1.9t | ₹1.3t | ₹32.4b | 49.6x | 58.8x | 1.5x |
| Sun, 08 Sep 2024 | ₹1.8t | ₹1.3t | ₹30.9b | 48.1x | 58x | 1.3x |
| Tue, 06 Aug 2024 | ₹1.7t | ₹1.3t | ₹30.5b | 53.8x | 56.2x | 1.3x |
| Thu, 04 Jul 2024 | ₹1.7t | ₹1.3t | ₹29.1b | 44.8x | 58.7x | 1.3x |
| Sat, 01 Jun 2024 | ₹1.5t | ₹1.3t | ₹32.5b | 41.8x | 44.8x | 1.1x |
| Mon, 29 Apr 2024 | ₹1.4t | ₹1.3t | ₹31.4b | 56x | 44.5x | 1.1x |
| Wed, 27 Mar 2024 | ₹1.2t | ₹1.3t | ₹31.4b | 51.2x | 39.3x | 1x |
| Fri, 23 Feb 2024 | ₹1.3t | ₹1.3t | ₹31.4b | 50.7x | 40.5x | 1x |
| Sun, 21 Jan 2024 | ₹1.2t | ₹1.1t | ₹29.7b | 58.3x | 40.5x | 1.1x |
| Tue, 19 Dec 2023 | ₹1.2t | ₹1.1t | ₹29.7b | 54.1x | 39.4x | 1x |
| Thu, 16 Nov 2023 | ₹1.1t | ₹1.1t | ₹29.9b | 55.7x | 37.3x | 1x |
| Sat, 14 Oct 2023 | ₹1.2t | ₹1.1t | ₹29.9b | 50.3x | 38.6x | 1.1x |
| Mon, 11 Sep 2023 | ₹1.1t | ₹1.1t | ₹29.7b | 50.4x | 37.7x | 1x |
| Wed, 09 Aug 2023 | ₹1.0t | ₹1.1t | ₹29.2b | 50.5x | 35x | 0.9x |
| Fri, 07 Jul 2023 | ₹952.1b | ₹1.0t | ₹30.0b | 42.9x | 31.7x | 0.9x |
| Sun, 04 Jun 2023 | ₹875.3b | ₹1.0t | ₹25.9b | 39.9x | 33.8x | 0.8x |
Price to Earnings Ratio
33.8x
Current Industry PE
- Investors are pessimistic on the Indian Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 38.5x which is lower than its 3-year average PE of 43.2x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 27% 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 | 1.96% | |
| Tech | 0.37% | |
| Electronic Equipment and Components | 7.59% | |
| Electronic Equipment and Instruments | 13.72% | |
| Electronic Manufacturing Services | 5.09% | |
| Electronic Components | 3.59% | |
| Technology Distributors | 1.29% | |
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 87.4x.
- Analysts are expecting annual earnings growth of 27.1%, which is lower than the prior year's growth of 30.3% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 16.2x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 27% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 17% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 517174 Honeywell Automation India | ₹36.19k | 19.9% +₹53.2b | -4.6% | PE60.9x | |
| CPPLUS Aditya Infotech | ₹2.64k | 10.0% +₹28.2b | n/a | PE122.5x | |
| KAYNES Kaynes Technology India | ₹3.23k | 7.6% +₹15.3b | -46.1% | PE59.5x | |
| SYRMA Syrma SGS Technology | ₹1.05k | 5.0% +₹9.6b | 95.5% | PE63.9x | |
| 533581 PG Electroplast | ₹476.05 | 3.0% +₹4.0b | -39.0% | PE49.1x |