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Indian (NIFTY) Electronic Equipment and Components Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies72
  • 7D1.2%
  • 3M-9.4%
  • 1Y-12.7%
  • YTD-7.9%

The Electronic Equipment and Components industry has gained 1.2% in the last week and Aditya Infotech up 6.2%. Meanwhile, Honeywell Automation India actually underperformed within the industry, shrinking 5.7% in the last week. However, the industry is down 13% over the past year. Looking forward, earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026₹1.7t₹1.7t₹54.0b25.7x31.4x1x
Mon, 16 Feb 2026₹1.8t₹1.7t₹53.8b27.5x33x1x
Wed, 14 Jan 2026₹1.7t₹1.6t₹50.0b34.1x34.2x1x
Fri, 12 Dec 2025₹1.8t₹1.6t₹50.0b36.1x35.7x1.1x
Sun, 09 Nov 2025₹2.0t₹1.6t₹51.6b38.3x39.1x1.2x
Tue, 07 Oct 2025₹2.1t₹1.6t₹49.0b40.9x42.2x1.3x
Thu, 04 Sep 2025₹2.0t₹1.6t₹48.9b43.9x40.6x1.3x
Sat, 02 Aug 2025₹1.9t₹1.5t₹44.0b40.7x42.6x1.2x
Mon, 30 Jun 2025₹1.9t₹1.5t₹43.4b37.1x43.1x1.3x
Wed, 28 May 2025₹1.8t₹1.5t₹42.0b41.1x42.5x1.2x
Fri, 25 Apr 2025₹1.7t₹1.4t₹35.7b40.9x48.4x1.2x
Sun, 23 Mar 2025₹1.6t₹1.4t₹35.3b38.2x45.3x1.1x
Tue, 18 Feb 2025₹1.6t₹1.4t₹37.2b43x42.4x1.1x
Thu, 16 Jan 2025₹2.0t₹1.4t₹34.8b58.3x57.9x1.5x
Sat, 14 Dec 2024₹2.1t₹1.4t₹34.8b56x60.8x1.5x
Mon, 11 Nov 2024₹1.9t₹1.4t₹34.2b52.6x56.1x1.4x
Wed, 09 Oct 2024₹1.8t₹1.3t₹32.4b48x56x1.4x
Fri, 06 Sep 2024₹1.8t₹1.3t₹30.9b50.2x58.5x1.3x
Sun, 04 Aug 2024₹1.8t₹1.3t₹30.5b56.6x58.1x1.3x
Tue, 02 Jul 2024₹1.7t₹1.3t₹28.9b47.3x58x1.3x
Thu, 30 May 2024₹1.5t₹1.3t₹32.2b53.6x45.4x1.1x
Sat, 27 Apr 2024₹1.4t₹1.3t₹31.4b56x44.5x1.1x
Mon, 25 Mar 2024₹1.2t₹1.3t₹31.4b51.2x39.3x1x
Wed, 21 Feb 2024₹1.3t₹1.3t₹31.4b52.1x40.7x1x
Fri, 19 Jan 2024₹1.2t₹1.1t₹29.7b55x40.1x1.1x
Sun, 17 Dec 2023₹1.2t₹1.1t₹29.7b53.6x39.1x1x
Tue, 14 Nov 2023₹1.1t₹1.1t₹29.8b54.8x37.5x1x
Thu, 12 Oct 2023₹1.2t₹1.1t₹29.9b53x38.7x1.1x
Sat, 09 Sep 2023₹1.1t₹1.1t₹29.2b56.4x37.7x1x
Mon, 07 Aug 2023₹1.0t₹1.1t₹29.2b55x34.6x0.9x
Wed, 05 Jul 2023₹939.8b₹1.0t₹30.0b43x31.3x0.9x
Fri, 02 Jun 2023₹862.9b₹1.0t₹25.9b38.4x33.3x0.8x
Sun, 30 Apr 2023₹740.9b₹968.4b₹25.0b28.1x29.7x0.8x
Tue, 28 Mar 2023₹696.7b₹960.0b₹24.4b23.8x28.6x0.7x
Price to Earnings Ratio

28.6x


Total Market Cap: ₹696.7bTotal Earnings: ₹24.4bTotal Revenue: ₹960.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electronic Equipment and Components Industry Price to Earnings3Y Average 42.9x202420252026
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 31.4x which is lower than its 3-year average PE of 42.9x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.99x.
Past Earnings Growth
  • The earnings for companies in the Electronic industry have grown 30% 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-0.17%
Tech0.89%
Electronic Equipment and Components1.20%
Electronic Components8.60%
Electronic Manufacturing Services4.36%
Electronic Equipment and Instruments-1.08%
Technology Distributors-4.63%
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 86.7x.
    • Analysts are expecting annual earnings growth of 27.2%, which is lower than the prior year's growth of 59.6% per year.
  • Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 118% over the next 5 years.
  • This is better than its past earnings growth rate of 42% per year.
  • In contrast, the Technology Distributors industry is expected to see its earnings grow by 13% 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
CPPLUS Aditya Infotech₹1.72k6.2%
+₹11.8b		n/aPE79.8x
SYRMA Syrma SGS Technology₹783.908.2%
+₹11.4b		67.2%PE53.5x
KAYNES Kaynes Technology India₹3.62k4.2%
+₹9.7b		-25.3%PE62.4x
AVALON Avalon Technologies₹951.908.3%
+₹4.9b		23.8%PE66.2x
517544 Centum Electronics₹2.99k11.7%
+₹4.6b		99.5%PS3.5x

Latest News

KAYNES
₹3,620.60
Kaynes Technology India
7D
4.2%
1Y
-25.3%

KAYNES: Satellite Partnership And Upcoming Board Decisions Will Drive Future Upside

Analysts have lowered their price target for Kaynes Technology India from ₹7,000 to ₹6,000, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples. What's in the News A board meeting is scheduled on February 5, 2026 to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (company filing).
533581
₹512.75
PG Electroplast
7D
2.1%
1Y
-45.6%

533581: Fiscal 2026 Earnings Guidance Will Support Further Repricing Upside

Analysts have nudged their fair value estimate for PG Electroplast slightly higher to ₹706.22 from ₹698.88, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and a lower future P/E multiple. What's in the News PG Electroplast issued consolidated earnings guidance for FY 2026, with revenues expected in a range of ₹57,000 million to ₹58,000 million.
SEDEMAC
₹1,501.20
SEDEMAC Mechatronics
7D
2.4%
1Y
n/a
530343
₹238.90
Genus Power Infrastructures
7D
-3.0%
1Y
-15.1%

530343: Stable Fair Value And Upcoming Results Will Support Further Upside

Analysts have kept their fair value estimate for Genus Power Infrastructures steady at ₹550, citing only modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their overall view. What's in the News Board meeting scheduled for Feb 09, 2026, at 16:00 Indian Standard Time to review and approve unaudited standalone and consolidated financial results for the quarter and nine months ended Dec 31, 2025 (Key Developments).
AVALON
₹951.90
Avalon Technologies
7D
8.3%
1Y
23.8%

AVALON: Earnings Quality And Margin Resilience Will Support Future Upside

Analysts now place Avalon Technologies' fair value at ₹1,068.71, compared with the earlier ₹1,028.17, reflecting updated assumptions around discount rate, revenue growth, profit margins and future P/E. Analyst Commentary Analysts updating their fair value work on Avalon Technologies are focusing on how the revised assumptions around discount rate, revenue growth, profit margins and future P/E line up with the company’s ability to execute and sustain earnings quality.
SYRMA
₹783.90
Syrma SGS Technology
7D
8.2%
1Y
67.2%

SYRMA: Board Review Of Results Will Support Future Margin Expansion

Analysts have trimmed their price target for Syrma SGS Technology from about ₹1,162 to roughly ₹1,093, reflecting updated views around slightly lower projected revenue growth, more modest profit margins, and a higher assumed future P/E multiple. What's in the News Board meeting scheduled for January 29, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, along with a limited review report (Key Developments).
REDINGTON
₹217.35
Redington
7D
-7.3%
1Y
-13.1%

REDINGTON: Upcoming Board Review Will Support Confident Earnings And P/E Outlook

The analyst price target for Redington has been trimmed by ₹5 to ₹300 per share, as analysts update their assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect a slightly adjusted risk and earnings profile. What's in the News Redington has scheduled a board meeting for Feb 4, 2026 to consider and approve the unaudited standalone financial results for the quarter and nine months ended Dec 31, 2025 (company announcement).
517544
₹2,986.50
Centum Electronics
7D
11.7%
1Y
99.5%
500179
₹11.71
HCL Infosystems
7D
-3.5%
1Y
-9.9%
CPPLUS
₹1,719.30
Aditya Infotech
7D
6.2%
1Y
n/a

Earnings Tell The Story For Aditya Infotech Limited (NSE:CPPLUS)

Feb 16
Earnings Tell The Story For Aditya Infotech Limited (NSE:CPPLUS)
530135
₹334.20
Optiemus Infracom
7D
-1.1%
1Y
-25.9%
WEL
₹134.00
Wonder Electricals
7D
-2.3%
1Y
-22.3%

Wonder Electricals (NSE:WEL) Is Due To Pay A Dividend Of ₹0.10

Feb 14
Wonder Electricals (NSE:WEL) Is Due To Pay A Dividend Of ₹0.10
KERNEX
₹962.00
Kernex Microsystems (India)
7D
-2.1%
1Y
24.7%
ASMS
₹7.77
Avio Smart Market Stack
7D
-10.1%
1Y
-50.4%
517174
₹28,366.55
Honeywell Automation India
7D
-5.7%
1Y
-16.4%
531201
₹3,971.90
Shilchar Technologies
7D
6.2%
1Y
4.7%