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Electronics Manufacturing (EMS)
Contract electronics and components
Companies tracked
16
Rising this month
3/16
Avg business score
61
Minimum size
₹500 Cr+
Top 5 to study first
Strongest mix of business quality and market momentum in this theme.
#1High
Syrma SGS Technology Limited
SYRMA · Supply Chain
Revenue YoY+68.3%Profit YoY+101.2%1 month+24.1%
#2High
Dixon Technologies (India) Limited
DIXON · Anchor
Revenue YoY+21.1%Profit YoY+194.9%1 month-11.7%
#3—
PG Electroplast Limited
PGEL · Anchor
Revenue YoY+35.3%Profit YoY+13.8%1 month-15.0%
#4High
Avalon Technologies Limited
AVALON · Ancillary
Revenue YoY+49.8%Profit YoY+145.4%1 month-3.2%
#5Average
Cyient DLM Limited
CYIENTDLM · Ancillary
Revenue YoY+26.5%Profit YoY+5.8%1 month+8.4%
Theme thesis
PLI schemes and global sourcing shifts are scaling Indian electronics manufacturing services.
Tailwinds
- PLI incentives
- Component localisation
Risks
- Thin margins
- Customer concentration
All 16 companies
| Syrma SGS Technology Limited SYRMA · Industrial Products | Supply Chain | 73Q1 FY2027 | 85 | ₹25,090 Cr | +68.3% | +101.2% | -6.7% | +24.1% | High |
| Dixon Technologies (India) Limited DIXON · Consumer Electronics | Anchor | 66Q1 FY2027 | 39 | ₹74,769 Cr | +21.1% | +194.9% | -3.4% | -11.7% | High |
| PG Electroplast Limited PGEL · Consumer Electronics | Anchor | 64Q1 FY2027 | 41 | ₹15,066 Cr | +35.3% | +13.8% | +1.8% | -15.0% | — |
| Avalon Technologies Limited AVALON · Other Electrical Equipment | Ancillary | 73Q1 FY2027 | 84 | ₹11,621 Cr | +49.8% | +145.4% | -13.6% | -3.2% | High |
| Cyient DLM Limited CYIENTDLM · Industrial Products | Ancillary | 64Q2 FY2027 | 87 | ₹3,686 Cr | +26.5% | +5.8% | -5.8% | +8.4% | Average |
| Kaynes Technology India Limited KAYNES · Industrial Products | Anchor | 55Q1 FY2027 | 27 | ₹21,297 Cr | +40.5% | -24.4% | +0.5% | -5.0% | Average |
| Centum Electronics Limited CENTUM · Industrial Products | Supply Chain | 49Q1 FY2027 | 82 | ₹5,363 Cr | +14.4% | +2239.2% | -1.2% | +39.3% | Average |
| Honeywell Automation India Limited HONAUT · Industrial Products | Ancillary | 70Q1 FY2027 | 44 | ₹32,399 Cr | +1.8% | +20.9% | -1.2% | -5.8% | High |
| Genus Power Infrastructures Limited GENUSPOWER · Other Electrical Equipment | Ancillary | 70Q1 FY2027 | 46 | ₹10,006 Cr | +44.8% | +43.2% | -2.1% | -13.7% | High |
| Tata Elxsi Limited TATAELXSI · Computers - Software & Consulting | Ancillary | 66Q2 FY2027 | 46 | ₹25,655 Cr | +15.0% | +10.0% | +23.0% | -13.7% | High |
| Amber Enterprises India Limited AMBER · Household Appliances | Supply Chain | — | 28 | ₹27,571 Cr | +12.7% | -78.6% | +3.5% | -12.4% | Average |
| Data Patterns (India) Limited DATAPATTNS · Aerospace & Defense | Supply Chain | 33Q1 FY2027 | 72 | ₹25,066 Cr | +16.8% | -13.5% | -0.3% | -5.2% | High |
| DCX Systems Limited DCXINDIA · Aerospace & Defense | Supply Chain | — | 14 | ₹2,083 Cr | — | — | +1.4% | -6.9% | — |
| Bharat Electronics Limited BEL · Aerospace & Defense | Ancillary | 50Q1 FY2027 | 43 | ₹2,97,910 Cr | +24.9% | +8.7% | +2.4% | -6.3% | Exceptional |
| Elin Electronics Limited ELIN · Household Appliances | Supply Chain | — | 4 | ₹534 Cr | — | — | +3.7% | -13.8% | — |
| V-Guard Industries Limited VGUARD · Household Appliances | Ancillary | — | 36 | ₹13,369 Cr | — | — | -0.2% | -14.4% | — |
Qtr score is the latest quarterly business score (0–100); Rel. strength is the 0–100 market strength score vs the index. Growth is the latest reported quarter vs the same quarter last year. Returns are weekly and monthly closes. Research information only — not investment advice.