During Friday’s trading session, the shares of an Electronic System Design and Manufacturing company surged nearly 4 percent to Rs. 487 on NSE, after the company announced the commencing of commercial operations of its EMS Facility in Bhiwadi, Rajasthan.
With a market capitalisation of Rs. 1,214.5 crores, at 11:25 a.m., the shares of Sahasra Electronic Solutions Limited were trading in the green at Rs. 485.95, up by around 3.7 percent, as against its previous closing price of Rs. 468.65.
What’s the News
According to the latest regulatory filings with the NSE, Sahasra Electron Solutions Limited has announced the commencement of commercial operations at its EMS facility in Bhiwadi, Rajasthan.
Spanning around 15,000 sqm of production space, this advanced EMS facility is equipped with cutting-edge technology and scalable capacities to meet the rising demands of India’s dynamic EMS sector.
With this new facility, the company aims to enhance its capabilities while contributing to the growth of the industry, creating opportunities for innovation, employment, and collaboration.
Previous News
17th January 2025: The company’s Board approved its subsidiary, Sahasra Semiconductors Private Limited, to begin LED chip production starting that same week.
Additionally, the Board gave the green light for the production of the DFN package for supply to the domestic market, with contracts currently being signed with customers.
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Key Highlights of FY25
Successful Acquisition: Acquired a controlling stake of 72.7% in Sahasra Semiconductor Private Limited, a subsidiary specializing in manufacturing semiconductor devices, including eMMC, mSD, COBs, COB-based USBs, LED drivers ICs, BGA, NAND flash, and memory product
LED Lighting Solutions: Sold LED lighting solutions to Sahasra Electronics Rwanda Private Limited, which subsequently distributes these solutions to countries such as Rwanda.
Strategic Partnership with Thomson Computing: On June 15, 2023, entered a 3-year agreement with French electronics major Thomson Computing (METAVISIO) through the MII (Make in India Initiative) for the design and marketing of laptops, tablets, and other IT hardware.
Partnership with InnoCare Optoelectronics: In October 2024, formed a strategic partnership with InnoCare Optoelectronics Corp. for the manufacturing and servicing of Flat Panel Detectors (FPDs) used in X-ray equipment.
Financials
Sahasra Electronic Solutions reported a significant growth in its reven from operations, showing a year-on-year rise of 46.7 percent from Rs. 69 crores in FY23 to Rs. 101.2 crores in FY24.
Similarly, its net profit increased during the same period from Rs. 14. crores to Rs. 33.24 crores, indicating an impressive growth of around 136.8 percent YoY.
In FY24, the company’s EBITDA Margin increased to reach 35.27 percent, while its Net Profit Margin grew to 32.86 percen
About the Company
Sahasra Electronic Solutions Limited is engaged in providing solutions towards electronics system design and manufacturing (ESDM) services through its manufacturing plant located in NSEZ, Noida, Uttar Pradesh, with a total capacity of 18 lakh units.
The company provide manufacturing solutions for PCB assembly, wire harness, box build solutions, and LED lighting solutions, along with manufacturing enterprise & consumer-grade IT hardware products and enterprise and consumer-grade memory solutions.
Written by Shivani Singh
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