Analysis Article • Jul 24
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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies12
- 7D-3.5%
- 3M13.1%
- 1Y-5.1%
- YTDn/a
The Electronic Manufacturing Services industry is down 3.5% over the last week with Kaynes Technology India the worst performer, down 6.2%. Meanwhile, Cyient DLM actually outperformed within the industry, gaining 16% in the last week. The industry has fallen 5.1% in the last year. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Indian Electronic Manufacturing Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Jul 2026 | ₹989.0b | ₹208.9b | ₹13.2b | 70.1x | 75.1x | 4.7x |
| Tue, 23 Jun 2026 | ₹1.0t | ₹209.6b | ₹13.2b | 60.5x | 75.7x | 4.8x |
| Thu, 21 May 2026 | ₹819.8b | ₹209.2b | ₹13.9b | 58.1x | 59x | 3.9x |
| Sat, 18 Apr 2026 | ₹874.7b | ₹196.1b | ₹13.1b | 65.5x | 66.6x | 4.5x |
| Mon, 16 Mar 2026 | ₹663.3b | ₹189.5b | ₹12.7b | 51.8x | 52.4x | 3.5x |
| Wed, 11 Feb 2026 | ₹779.6b | ₹190.2b | ₹12.7b | 60.2x | 61.3x | 4.1x |
| Fri, 09 Jan 2026 | ₹736.1b | ₹180.2b | ₹11.7b | 65.9x | 62.7x | 4.1x |
| Sun, 07 Dec 2025 | ₹767.0b | ₹180.2b | ₹11.7b | 62.8x | 65.4x | 4.3x |
| Tue, 04 Nov 2025 | ₹957.9b | ₹170.8b | ₹10.7b | 74.7x | 89.6x | 5.6x |
| Thu, 02 Oct 2025 | ₹955.5b | ₹171.5b | ₹10.5b | 77.3x | 90.8x | 5.6x |
| Sat, 30 Aug 2025 | ₹867.6b | ₹171.5b | ₹10.5b | 69.3x | 82.8x | 5.1x |
| Mon, 28 Jul 2025 | ₹903.9b | ₹167.3b | ₹10.3b | 78.9x | 88x | 5.4x |
| Wed, 25 Jun 2025 | ₹841.5b | ₹168.1b | ₹10.1b | 74.8x | 83.2x | 5x |
| Fri, 23 May 2025 | ₹854.5b | ₹166.9b | ₹10.0b | 64.8x | 85.8x | 5.1x |
| Sun, 20 Apr 2025 | ₹872.1b | ₹155.2b | ₹8.3b | 61.7x | 105.2x | 5.6x |
| Tue, 18 Mar 2025 | ₹720.2b | ₹155.2b | ₹8.3b | 53.3x | 86.9x | 4.6x |
| Thu, 13 Feb 2025 | ₹731.6b | ₹155.2b | ₹8.3b | 58.2x | 88.3x | 4.7x |
| Sat, 11 Jan 2025 | ₹939.6b | ₹144.6b | ₹7.4b | 73x | 126.5x | 6.5x |
| Mon, 09 Dec 2024 | ₹895.4b | ₹144.6b | ₹7.4b | 79.5x | 120.5x | 6.2x |
| Wed, 06 Nov 2024 | ₹756.4b | ₹138.8b | ₹7.0b | 79.7x | 107.6x | 5.4x |
| Fri, 04 Oct 2024 | ₹709.2b | ₹133.5b | ₹6.3b | 82.4x | 111.9x | 5.3x |
| Sun, 01 Sep 2024 | ₹665.7b | ₹133.5b | ₹6.3b | 79.3x | 105.1x | 5x |
| Tue, 30 Jul 2024 | ₹650.2b | ₹126.8b | ₹6.5b | 88.1x | 100.2x | 5.1x |
| Thu, 27 Jun 2024 | ₹572.4b | ₹117.9b | ₹5.7b | 90.2x | 100.8x | 4.9x |
| Sat, 25 May 2024 | ₹479.9b | ₹114.2b | ₹5.2b | 90.8x | 92.8x | 4.2x |
| Mon, 22 Apr 2024 | ₹418.1b | ₹105.1b | ₹4.9b | 85.3x | 85.5x | 4x |
| Wed, 20 Mar 2024 | ₹403.6b | ₹103.1b | ₹5.1b | 75.5x | 79.6x | 3.9x |
| Fri, 16 Feb 2024 | ₹427.6b | ₹103.1b | ₹5.1b | 70.5x | 84.4x | 4.1x |
| Sun, 14 Jan 2024 | ₹434.4b | ₹98.6b | ₹4.7b | 82.9x | 93.3x | 4.4x |
| Tue, 12 Dec 2023 | ₹409.5b | ₹98.6b | ₹4.7b | 69.9x | 88x | 4.2x |
| Thu, 09 Nov 2023 | ₹389.9b | ₹99.4b | ₹4.9b | 67.6x | 80.4x | 3.9x |
| Sat, 07 Oct 2023 | ₹415.9b | ₹93.3b | ₹4.6b | 70.7x | 90.8x | 4.5x |
| Mon, 04 Sep 2023 | ₹357.3b | ₹91.0b | ₹4.5b | 71.6x | 79.2x | 3.9x |
| Wed, 02 Aug 2023 | ₹314.3b | ₹87.4b | ₹4.2b | 73.9x | 74.3x | 3.6x |
Price to Earnings Ratio
74.3x
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 75.1x which is lower than its 3-year average PE of 87.7x.
- The industry is trading close to its 3-year average PS ratio of 4.7x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 34% 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 Market | -1.36% | |
| Tech | -1.34% | |
| Electronic Equipment and Components | -2.10% | |
| Electronic Manufacturing Services | -3.47% | |
| Electronic Equipment and Instruments | -0.74% | |
| Technology Distributors | -2.24% | |
| Electronic Components | -2.56% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| CYIENTDLM Cyient DLM | ₹670.45 | 15.9% +₹7.3b | 45.9% | PE64.8x | |
| AVALON Avalon Technologies | ₹1.74k | 1.0% +₹1.2b | 111.5% | PE102.9x | |
| WEL Wonder Electricals | ₹107.24 | 5.9% +₹801.4m | -36.6% | PE157.7x |
