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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis
UpdatedJan 10, 2026
DataAggregated Company Financials
Companies11
- 7D-4.4%
- 3M-28.0%
- 1Y-27.4%
- YTDn/a
In the last week, the Electronic Manufacturing Services industry is flat overall, with Kaynes Technology India standing out by going down 8.0%. As for the longer term, the industry has declined 27% in the last year. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 10 Jan 2026 | ₹719.2b | ₹180.2b | ₹11.7b | 64.8x | 61.3x | 4x |
| Mon, 08 Dec 2025 | ₹767.0b | ₹180.2b | ₹11.7b | 62.8x | 65.4x | 4.3x |
| Wed, 05 Nov 2025 | ₹952.5b | ₹170.8b | ₹10.7b | 74.6x | 89.1x | 5.6x |
| Fri, 03 Oct 2025 | ₹955.5b | ₹171.5b | ₹10.5b | 77.3x | 90.8x | 5.6x |
| Sun, 31 Aug 2025 | ₹867.5b | ₹171.5b | ₹10.5b | 69.3x | 82.8x | 5.1x |
| Tue, 29 Jul 2025 | ₹890.0b | ₹167.3b | ₹10.3b | 77.7x | 86.7x | 5.3x |
| Thu, 26 Jun 2025 | ₹852.2b | ₹168.8b | ₹10.2b | 56.5x | 83.3x | 5x |
| Sat, 24 May 2025 | ₹865.1b | ₹166.9b | ₹10.0b | 64.7x | 86.9x | 5.2x |
| Mon, 21 Apr 2025 | ₹872.1b | ₹155.2b | ₹8.3b | 61.7x | 105.2x | 5.6x |
| Wed, 19 Mar 2025 | ₹753.5b | ₹155.2b | ₹8.3b | 56.6x | 90.9x | 4.9x |
| Fri, 14 Feb 2025 | ₹720.7b | ₹155.2b | ₹8.3b | 57.1x | 87x | 4.6x |
| Sun, 12 Jan 2025 | ₹939.6b | ₹144.6b | ₹7.4b | 73x | 126.5x | 6.5x |
| Tue, 10 Dec 2024 | ₹909.2b | ₹144.6b | ₹7.4b | 78.3x | 122.4x | 6.3x |
| Thu, 07 Nov 2024 | ₹814.7b | ₹138.8b | ₹7.0b | 84.3x | 115.9x | 5.9x |
| Sat, 05 Oct 2024 | ₹695.4b | ₹133.5b | ₹6.3b | 81.4x | 109.8x | 5.2x |
| Mon, 02 Sep 2024 | ₹665.7b | ₹133.5b | ₹6.3b | 79.3x | 105.1x | 5x |
| Wed, 31 Jul 2024 | ₹643.6b | ₹126.8b | ₹6.5b | 88.1x | 99.2x | 5.1x |
| Fri, 28 Jun 2024 | ₹568.5b | ₹117.9b | ₹5.7b | 86.1x | 100.1x | 4.8x |
| Sun, 26 May 2024 | ₹479.9b | ₹114.2b | ₹5.2b | 90.8x | 92.8x | 4.2x |
| Tue, 23 Apr 2024 | ₹418.1b | ₹105.1b | ₹4.9b | 85.3x | 85.5x | 4x |
| Thu, 21 Mar 2024 | ₹401.7b | ₹103.1b | ₹5.1b | 76.8x | 79.3x | 3.9x |
| Sat, 17 Feb 2024 | ₹432.6b | ₹103.1b | ₹5.1b | 70.4x | 85.4x | 4.2x |
| Mon, 15 Jan 2024 | ₹434.4b | ₹98.6b | ₹4.7b | 82.9x | 93.3x | 4.4x |
| Wed, 13 Dec 2023 | ₹416.6b | ₹98.6b | ₹4.7b | 70.9x | 89.5x | 4.2x |
| Fri, 10 Nov 2023 | ₹392.2b | ₹98.6b | ₹4.6b | 70.9x | 84.6x | 4x |
| Sun, 08 Oct 2023 | ₹415.9b | ₹93.3b | ₹4.6b | 70.7x | 90.8x | 4.5x |
| Tue, 05 Sep 2023 | ₹357.6b | ₹91.0b | ₹4.5b | 72.9x | 79.3x | 3.9x |
| Thu, 03 Aug 2023 | ₹310.0b | ₹89.7b | ₹4.4b | 64.2x | 71.1x | 3.5x |
| Sat, 01 Jul 2023 | ₹250.0b | ₹77.6b | ₹3.8b | 56.6x | 66.2x | 3.2x |
| Mon, 29 May 2023 | ₹215.1b | ₹74.9b | ₹3.8b | 53.3x | 57.2x | 2.9x |
| Wed, 26 Apr 2023 | ₹174.9b | ₹69.3b | ₹3.4b | 52.2x | 51.7x | 2.5x |
| Fri, 24 Mar 2023 | ₹143.0b | ₹60.9b | ₹2.8b | 50.6x | 52x | 2.3x |
| Sun, 19 Feb 2023 | ₹137.5b | ₹60.9b | ₹2.8b | 49.4x | 50x | 2.3x |
| Tue, 17 Jan 2023 | ₹133.6b | ₹54.5b | ₹2.3b | 51.9x | 59.2x | 2.5x |
Price to Earnings Ratio
59.2x
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 62.7x 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 4.5x.
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 Market | -2.80% | |
| Tech | -1.59% | |
| Electronic Equipment and Components | -4.06% | |
| Electronic Manufacturing Services | -4.37% | |
| Technology Distributors | -2.44% | |
| Electronic Equipment and Instruments | -3.84% | |
| Electronic Components | -9.63% | |
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 | |
|---|---|---|---|---|---|
| AVALON Avalon Technologies | ₹902.35 | 1.0% +₹574.1m | -1.2% | PE68.9x |
