Osel Devices' (NSE:OSELDEVICE) Promising Earnings May Rest On Soft Foundations
Nov 21
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Indian (NIFTY) Electronic Manufacturing Services Industry Analysis
UpdatedNov 20, 2025
DataAggregated Company Financials
Companies11
- 7D-4.2%
- 3M2.7%
- 1Y5.5%
- YTDn/a
Over the last 7 days, the Electronic Manufacturing Services industry has dropped 1.7%, driven by a pullback from Kaynes Technology India of 7.1%. In the past year, the industry has gained 7.0%. Looking forward, earnings are forecast to grow by 32% 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, 22 Nov 2025 | ₹922.7b | ₹179.9b | ₹11.7b | 70.3x | 79.1x | 5.1x |
| Mon, 20 Oct 2025 | ₹978.9b | ₹170.8b | ₹10.7b | 75.6x | 91.5x | 5.7x |
| Wed, 17 Sep 2025 | ₹983.2b | ₹171.5b | ₹10.5b | 78.6x | 93.4x | 5.7x |
| Fri, 15 Aug 2025 | ₹845.3b | ₹171.5b | ₹10.5b | 66.6x | 80.6x | 4.9x |
| Sun, 13 Jul 2025 | ₹912.6b | ₹169.5b | ₹10.0b | 75.5x | 91.6x | 5.4x |
| Tue, 10 Jun 2025 | ₹840.1b | ₹168.1b | ₹10.1b | 65.5x | 83x | 5x |
| Thu, 08 May 2025 | ₹853.4b | ₹155.9b | ₹8.4b | 61.3x | 102x | 5.5x |
| Sat, 05 Apr 2025 | ₹766.9b | ₹155.2b | ₹8.3b | 57.3x | 92.5x | 4.9x |
| Mon, 03 Mar 2025 | ₹696.9b | ₹155.2b | ₹8.3b | 52.9x | 84.1x | 4.5x |
| Wed, 29 Jan 2025 | ₹699.0b | ₹148.0b | ₹7.6b | 66.1x | 92.4x | 4.7x |
| Fri, 27 Dec 2024 | ₹999.7b | ₹144.6b | ₹7.4b | 79.9x | 134.6x | 6.9x |
| Sun, 24 Nov 2024 | ₹818.3b | ₹142.9b | ₹7.3b | 81.4x | 112.6x | 5.7x |
| Tue, 22 Oct 2024 | ₹745.6b | ₹134.5b | ₹6.7b | 77.8x | 111.9x | 5.5x |
| Thu, 19 Sep 2024 | ₹741.0b | ₹133.5b | ₹6.3b | 82.9x | 117x | 5.5x |
| Sat, 17 Aug 2024 | ₹671.5b | ₹133.5b | ₹6.3b | 74.5x | 106x | 5x |
| Mon, 15 Jul 2024 | ₹597.9b | ₹117.9b | ₹5.7b | 92x | 105.3x | 5.1x |
| Wed, 12 Jun 2024 | ₹501.4b | ₹118.0b | ₹5.6b | 88.8x | 89.1x | 4.2x |
| Fri, 10 May 2024 | ₹408.1b | ₹106.2b | ₹5.0b | 81.2x | 81.7x | 3.8x |
| Sun, 07 Apr 2024 | ₹420.0b | ₹103.1b | ₹5.1b | 79.1x | 82.9x | 4.1x |
| Tue, 05 Mar 2024 | ₹459.5b | ₹103.1b | ₹5.1b | 77.6x | 90.7x | 4.5x |
| Thu, 01 Feb 2024 | ₹448.1b | ₹102.1b | ₹5.0b | 80.9x | 89.5x | 4.4x |
| Sat, 30 Dec 2023 | ₹443.9b | ₹98.6b | ₹4.7b | 86.9x | 95.4x | 4.5x |
| Mon, 27 Nov 2023 | ₹403.1b | ₹98.6b | ₹4.7b | 67.8x | 86.6x | 4.1x |
| Wed, 25 Oct 2023 | ₹400.3b | ₹94.5b | ₹4.7b | 69.9x | 85.9x | 4.2x |
| Fri, 22 Sep 2023 | ₹363.8b | ₹91.0b | ₹4.5b | 72x | 80.7x | 4x |
| Sun, 20 Aug 2023 | ₹304.5b | ₹91.0b | ₹4.5b | 62.3x | 67.5x | 3.3x |
| Tue, 18 Jul 2023 | ₹323.9b | ₹85.9b | ₹4.1b | 72.6x | 79.1x | 3.8x |
| Thu, 15 Jun 2023 | ₹247.0b | ₹77.6b | ₹3.8b | 56.7x | 65.4x | 3.2x |
| Sat, 13 May 2023 | ₹181.0b | ₹69.3b | ₹3.4b | 55.5x | 53.5x | 2.6x |
| Mon, 10 Apr 2023 | ₹148.0b | ₹60.9b | ₹2.8b | 53.4x | 53.8x | 2.4x |
| Wed, 08 Mar 2023 | ₹143.9b | ₹60.9b | ₹2.8b | 52.9x | 52.3x | 2.4x |
| Fri, 03 Feb 2023 | ₹128.5b | ₹57.5b | ₹2.6b | 46.6x | 49.8x | 2.2x |
| Sun, 01 Jan 2023 | ₹133.2b | ₹54.5b | ₹2.3b | 47.2x | 59x | 2.4x |
| Tue, 29 Nov 2022 | ₹118.0b | ₹42.7b | ₹1.9b | 50.4x | 63.7x | 2.8x |
Price to Earnings Ratio
63.7x
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 79.1x which is lower than its 3-year average PE of 86.2x.
- The 3-year average PS ratio of 4.4x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Electronic Manufacturing Services industry have grown 85% per year over the last three years.
- Revenues for these companies have grown 61% 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 | -0.65% | |
| Tech | 0.48% | |
| Electronic Equipment and Components | -2.76% | |
| Electronic Manufacturing Services | -4.15% | |
| Electronic Equipment and Instruments | -0.89% | |
| Electronic Components | -1.18% | |
| Technology Distributors | -2.91% | |
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 | |
|---|---|---|---|---|---|
| 533581 PG Electroplast | ₹591.45 | 2.3% +₹3.8b | -13.5% | PE66.2x | |
| OSELDEVICE Osel Devices | ₹774.65 | 14.4% +₹1.6b | 272.4% | PE45.9x | |
| WEL Wonder Electricals | ₹169.63 | 4.5% +₹968.9m | 32.7% | PE123.9x | |
| AIMTRON Aimtron Electronics | ₹993.60 | 4.8% +₹929.8m | 105.8% | PE58.4x | |
| CYIENTDLM Cyient DLM | ₹438.35 | 2.2% +₹754.0m | -30.3% | PE42.6x |
