Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Indian (NIFTY) Electronic Manufacturing Services Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies11
  • 7D1.8%
  • 3M-24.7%
  • 1Y-29.7%
  • YTDn/a

The Electronic Manufacturing Services industry is up 1.8% in the last week, with PG Electroplast up 3.2%. Meanwhile, Wonder Electricals actually underperformed within the industry, shrinking 6.2% in the last week. In the past year, the industry is down 30%. Looking forward, earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

Has the Indian Electronic Manufacturing Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Dec 2025₹752.4b₹180.2b₹11.7b65.2x64.1x4.2x
Sat, 22 Nov 2025₹911.4b₹180.5b₹11.7b69.7x77.7x5x
Mon, 20 Oct 2025₹978.9b₹170.8b₹10.7b75.6x91.5x5.7x
Wed, 17 Sep 2025₹983.2b₹171.5b₹10.5b78.6x93.4x5.7x
Fri, 15 Aug 2025₹845.3b₹171.5b₹10.5b66.6x80.6x4.9x
Sun, 13 Jul 2025₹912.6b₹169.5b₹10.0b75.5x91.6x5.4x
Tue, 10 Jun 2025₹840.1b₹168.1b₹10.1b65.5x83x5x
Thu, 08 May 2025₹853.4b₹155.9b₹8.4b61.3x102x5.5x
Sat, 05 Apr 2025₹766.9b₹155.2b₹8.3b57.3x92.5x4.9x
Mon, 03 Mar 2025₹696.9b₹155.2b₹8.3b52.9x84.1x4.5x
Wed, 29 Jan 2025₹699.0b₹148.0b₹7.6b66.1x92.4x4.7x
Fri, 27 Dec 2024₹999.7b₹144.6b₹7.4b79.9x134.6x6.9x
Sun, 24 Nov 2024₹818.3b₹142.9b₹7.3b81.4x112.6x5.7x
Tue, 22 Oct 2024₹745.6b₹134.5b₹6.7b77.8x111.9x5.5x
Thu, 19 Sep 2024₹741.0b₹133.5b₹6.3b82.9x117x5.5x
Sat, 17 Aug 2024₹671.5b₹133.5b₹6.3b74.5x106x5x
Mon, 15 Jul 2024₹597.9b₹117.9b₹5.7b92x105.3x5.1x
Wed, 12 Jun 2024₹501.4b₹118.0b₹5.6b88.8x89.1x4.2x
Fri, 10 May 2024₹408.1b₹106.2b₹5.0b81.2x81.7x3.8x
Sun, 07 Apr 2024₹420.0b₹103.1b₹5.1b79.1x82.9x4.1x
Tue, 05 Mar 2024₹459.5b₹103.1b₹5.1b77.6x90.7x4.5x
Thu, 01 Feb 2024₹448.1b₹102.1b₹5.0b80.9x89.5x4.4x
Sat, 30 Dec 2023₹443.9b₹98.6b₹4.7b86.9x95.4x4.5x
Mon, 27 Nov 2023₹403.1b₹98.6b₹4.7b67.8x86.6x4.1x
Wed, 25 Oct 2023₹400.3b₹94.5b₹4.7b69.9x85.9x4.2x
Fri, 22 Sep 2023₹363.8b₹91.0b₹4.5b72x80.7x4x
Sun, 20 Aug 2023₹304.5b₹91.0b₹4.5b62.3x67.5x3.3x
Tue, 18 Jul 2023₹323.9b₹85.9b₹4.1b72.6x79.1x3.8x
Thu, 15 Jun 2023₹247.0b₹77.6b₹3.8b56.7x65.4x3.2x
Sat, 13 May 2023₹181.0b₹69.3b₹3.4b55.5x53.5x2.6x
Mon, 10 Apr 2023₹148.0b₹60.9b₹2.8b53.4x53.8x2.4x
Wed, 08 Mar 2023₹143.9b₹60.9b₹2.8b52.9x52.3x2.4x
Fri, 03 Feb 2023₹128.5b₹57.5b₹2.6b46.6x49.8x2.2x
Sun, 01 Jan 2023₹133.2b₹54.5b₹2.3b47.2x59x2.4x
Price to Earnings Ratio

59x


Total Market Cap: ₹133.2bTotal Earnings: ₹2.3bTotal Revenue: ₹54.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electronic Manufacturing Services Industry Price to Earnings3Y Average 86.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Indian Electronic Manufacturing Services 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 64.1x which is lower than its 3-year average PE of 86.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Electronic Manufacturing Services industry have grown 73% per year over the last three years.
  • Revenues for these companies have grown 49% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Electronic Manufacturing Services compare with similar industries?

IN Market1.60%
Tech2.35%
Electronic Equipment and Components0.96%
Electronic Manufacturing Services1.79%
Electronic Components3.75%
Electronic Equipment and Instruments0.15%
Technology Distributors-0.048%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
533581 PG Electroplast₹581.753.2%
+₹5.1b		-39.8%PE65.2x
SYRMA Syrma SGS Technology₹733.852.3%
+₹3.2b		22.4%PE62x
AVALON Avalon Technologies₹879.103.4%
+₹1.9b		-10.1%PE67.1x
KAYNES Kaynes Technology India₹4.12k0.6%
+₹1.7b		-43.1%PE72.9x
OSELDEVICE Osel Devices₹597.0512.1%
+₹1.0b		135.4%PE35.4x

Latest News

KAYNES
₹4,118.50
Kaynes Technology India
7D
0.6%
1Y
-43.1%

KAYNES: Leadership Transition And Margin Expansion Will Support Stronger Future Performance

Analysts have raised their price target on Kaynes Technology India from ₹7,660 to ₹8,200, citing expectations of slightly faster revenue growth, stronger profit margins, and a lower future P E multiple that supports improved valuation potential. What's in the News The board will meet on September 24, 2025 to consider changing the designation of Managing Director Ramesh Kunhikannan to Executive Vice Chairman and appointing Dr. Muthukumar Narayanaswamy as Additional Director and Managing Director (company filing).
533581
₹581.75
PG Electroplast
7D
3.2%
1Y
-39.8%

533581: Fiscal 2026 Guidance Will Support Strong Future Trading Upside

Narrative Update on PG Electroplast Analysts have maintained their price target for PG Electroplast at ₹694.5, as only minimal refinements in the discount rate and long-term valuation assumptions resulted in no meaningful change in fair value. What's in the News Issued earnings guidance for fiscal 2026, projecting consolidated revenues of INR 57,000 million to 58,000 million, implying 17% to 19% growth over FY25.
WEL
₹147.86
Wonder Electricals
7D
-6.2%
1Y
-9.4%

We Think Wonder Electricals (NSE:WEL) Can Stay On Top Of Its Debt

Dec 19
We Think Wonder Electricals (NSE:WEL) Can Stay On Top Of Its Debt
OSELDEVICE
₹597.05
Osel Devices
7D
12.1%
1Y
135.4%
AVALON
₹879.10
Avalon Technologies
7D
3.4%
1Y
-10.1%

AVALON: Richer Future Earnings Multiple May Pressure Returns Ahead

Narrative Update on Avalon Technologies Analysts have raised their average price target on Avalon Technologies to $650 from roughly $547, citing slightly higher projected revenue growth, modestly improved profit margins, and a richer future earnings multiple despite a marginal uptick in the discount rate. What's in the News A board meeting is scheduled for November 5, 2025 at 18:00 IST to review and approve the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, along with the statutory auditor's limited review report (company filing).
SYRMA
₹733.85
Syrma SGS Technology
7D
2.3%
1Y
22.4%

SYRMA: Planned Solar Acquisition Will Drive Long Term Upside Ahead

Analysts have nudged their price target for Syrma SGS Technology slightly higher to around ₹924 from approximately ₹923, citing marginally improved long term revenue growth expectations and a modestly higher justified future valuation multiple, partly offset by a stable profit margin outlook. What's in the News The board has scheduled a meeting on October 23, 2025, to review and approve definitive agreements for acquiring 100 percent equity in KSOLARE Energy Private Limited, marking a strategic move into the solar energy space (Key Developments).
AIMTRON
₹820.85
Aimtron Electronics
7D
3.0%
1Y
45.2%
SAHASRA
₹282.15
Sahasra Electronic Solutions
7D
7.2%
1Y
-52.6%
CYIENTDLM
₹425.85
Cyient DLM
7D
1.3%
1Y
-36.6%