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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.9%
  • 3M-27.0%
  • 1Y-26.7%
  • YTDn/a

Over the last 7 days, the Electronic Manufacturing Services industry has dropped 2.9%, driven by declines from every company within the industry. However, the industry is down 27% over the past year. 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
Sat, 17 Jan 2026₹715.0b₹180.2b₹11.7b65.2x60.9x4x
Mon, 15 Dec 2025₹762.4b₹180.2b₹11.7b63.7x65x4.2x
Wed, 12 Nov 2025₹927.1b₹179.7b₹11.8b70.1x78.5x5.2x
Fri, 10 Oct 2025₹981.8b₹171.5b₹10.5b75.9x93.3x5.7x
Sun, 07 Sep 2025₹948.9b₹171.5b₹10.5b77x90.5x5.5x
Tue, 05 Aug 2025₹944.7b₹169.2b₹10.5b77.7x90.2x5.6x
Thu, 03 Jul 2025₹904.6b₹169.5b₹9.9b73.4x91x5.3x
Sat, 31 May 2025₹858.6b₹168.1b₹10.1b60.3x84.9x5.1x
Mon, 28 Apr 2025₹847.7b₹155.9b₹8.4b62.8x101.3x5.4x
Wed, 26 Mar 2025₹789.1b₹155.2b₹8.3b61.7x95.2x5.1x
Fri, 21 Feb 2025₹724.3b₹155.2b₹8.3b56.2x87.4x4.7x
Sun, 19 Jan 2025₹935.0b₹144.6b₹7.4b70.6x125.8x6.5x
Tue, 17 Dec 2024₹1.0t₹144.6b₹7.4b79.1x135.7x7x
Thu, 14 Nov 2024₹778.9b₹142.8b₹7.3b79.1x107.4x5.5x
Sat, 12 Oct 2024₹739.1b₹133.5b₹6.3b82.9x116.7x5.5x
Mon, 09 Sep 2024₹675.9b₹133.5b₹6.3b84.9x106.7x5.1x
Wed, 07 Aug 2024₹598.4b₹132.4b₹6.4b77.4x93.5x4.5x
Fri, 05 Jul 2024₹592.1b₹117.9b₹5.7b100.4x104.3x5x
Sun, 02 Jun 2024₹482.8b₹114.2b₹5.2b93.1x93.3x4.2x
Tue, 30 Apr 2024₹432.0b₹106.2b₹5.0b83.9x86.5x4.1x
Thu, 28 Mar 2024₹415.2b₹103.1b₹5.1b76.5x81.9x4x
Sat, 24 Feb 2024₹444.6b₹103.1b₹5.1b74x87.7x4.3x
Mon, 22 Jan 2024₹427.3b₹98.6b₹4.7b81.5x91.8x4.3x
Wed, 20 Dec 2023₹450.0b₹98.6b₹4.7b79.2x96.7x4.6x
Fri, 17 Nov 2023₹394.8b₹98.5b₹4.6b70.7x85.1x4x
Sun, 15 Oct 2023₹426.8b₹93.3b₹4.6b72.3x93.1x4.6x
Tue, 12 Sep 2023₹384.1b₹91.0b₹4.5b76x85.2x4.2x
Thu, 10 Aug 2023₹313.8b₹90.9b₹4.5b63.2x69.2x3.5x
Sat, 08 Jul 2023₹259.8b₹77.6b₹3.8b56.2x68.8x3.3x
Mon, 05 Jun 2023₹226.2b₹77.6b₹3.8b52.4x59.9x2.9x
Wed, 03 May 2023₹175.3b₹69.3b₹3.4b52.9x51.8x2.5x
Fri, 31 Mar 2023₹141.1b₹60.9b₹2.8b49.3x51.3x2.3x
Sun, 26 Feb 2023₹143.3b₹60.9b₹2.8b52.5x52.1x2.4x
Tue, 24 Jan 2023₹133.7b₹54.5b₹2.3b50.3x59.2x2.5x
Price to Earnings Ratio

59.2x


Total Market Cap: ₹133.7bTotal Earnings: ₹2.3bTotal Revenue: ₹54.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Electronic Manufacturing Services Industry Price to Earnings3Y Average 86.4x202420252026
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 60.9x which is lower than its 3-year average PE of 86.4x.
  • The 3-year average PS ratio of 4.5x is higher than the industry's current PS ratio of 4.0x.
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-0.86%
Tech-0.76%
Electronic Equipment and Components-1.93%
Electronic Manufacturing Services-2.87%
Electronic Equipment and Instruments0.06%
Technology Distributors-3.13%
Electronic Components-3.22%
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
WEL Wonder Electricals₹151.291.8%
+₹364.5m		-16.2%PE112.1x
ELIN Elin Electronics₹156.754.6%
+₹345.6m		-11.3%PE20.3x
VINYAS Vinyas Innovative Technologies₹1.17k1.6%
+₹231.6m		39.5%PE67.4x
AVALON Avalon Technologies₹905.700.4%
+₹223.6m		10.1%PE69.1x
OSELDEVICE Osel Devices₹513.852.3%
+₹187.1m		81.3%PE30.4x

Latest News

OSELDEVICE
₹513.85
Osel Devices
7D
2.3%
1Y
81.3%

Osel Devices (NSE:OSELDEVICE) Seems To Use Debt Quite Sensibly

Jan 13
Osel Devices (NSE:OSELDEVICE) Seems To Use Debt Quite Sensibly
533581
₹585.30
PG Electroplast
7D
-1.9%
1Y
-32.1%

533581: Fiscal 2026 Guidance Will Support Continued Repricing Upside

Analysts have raised their price target for PG Electroplast to ₹698.88 from ₹694.50, reflecting minor adjustments to their valuation inputs, including a slightly lower discount rate and a marginally higher assumed future P/E multiple. What's in the News PG Electroplast issued earnings guidance for fiscal 2026, with consolidated revenue expected in the range of ₹57,000 million to ₹58,000 million.
SYRMA
₹708.15
Syrma SGS Technology
7D
-0.9%
1Y
33.0%

Syrma SGS Technology Limited's (NSE:SYRMA) Share Price Matching Investor Opinion

Jan 11
Syrma SGS Technology Limited's (NSE:SYRMA) Share Price Matching Investor Opinion
AVALON
₹905.70
Avalon Technologies
7D
0.4%
1Y
10.1%

AVALON: Elevated Future P/E Will Likely Restrain Long Term Returns

Analysts have kept their fair value estimate for Avalon Technologies steady at ₹650.00, with only slight tweaks to discount rate, revenue growth, profit margin and future P/E assumptions to reflect updated views on the company’s risk profile and earnings potential. What's in the News Board meeting scheduled for November 5, 2025, at 18:00 Indian Standard Time to review and approve unaudited standalone financial results for the quarter and half year ended September 30, 2025, along with the statutory auditor's limited review report (company filing).
WEL
₹151.29
Wonder Electricals
7D
1.8%
1Y
-16.2%
CYIENTDLM
₹392.55
Cyient DLM
7D
-3.3%
1Y
-34.4%

CYIENTDLM: New CFO Appointment Will Support Bullish Long Term Outlook

Analysts have trimmed their price target on Cyient DLM to ₹490 from about ₹517, reflecting slightly higher discount rates and modest tweaks to revenue growth, profit margin and forward P/E assumptions. What's in the News A board meeting is scheduled on January 20, 2026 to consider and approve the unaudited financial results for the quarter ended December 31, 2025.
KAYNES
₹3,612.20
Kaynes Technology India
7D
-1.3%
1Y
-45.1%

KAYNES: Semiconductor Alliances And Leadership Changes Will Support Future Performance

Analysts are maintaining their fair value estimate for Kaynes Technology India at ₹8,200.00, with only marginal tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that reflect fine tuning rather than a change in overall view. What's in the News Kaynes Semicon Private Limited has entered a technology collaboration with AOI Electronics Co., Ltd.
AIMTRON
₹820.95
Aimtron Electronics
7D
0.8%
1Y
43.4%
ELIN
₹156.75
Elin Electronics
7D
4.6%
1Y
-11.3%
VINYAS
₹1,165.00
Vinyas Innovative Technologies
7D
1.6%
1Y
39.5%

Concerns Surrounding Vinyas Innovative Technologies' (NSE:VINYAS) Performance

Nov 16
Concerns Surrounding Vinyas Innovative Technologies' (NSE:VINYAS) Performance
SAHASRA
₹271.00
Sahasra Electronic Solutions
7D
-1.9%
1Y
-51.6%