The upcoming Indian Union Budget 2025 is set on February 1 which holds the potential to benefit the country’s economy and various companies significantly. According to EY’s Budget 2025 wish list, there is a focus on the Production-Linked Incentive (PLI) schemes which is expected with an allocation of around Rs. 25,000 crore for Electronic Components and Rs. 43,265 crore for Semiconductor Incentive Scheme 2.0, both under the Ministry of Electronics and Information Technology (MeitY). If the government allocates funds to these schemes there are some Indian companies in the electronics and semiconductor sectors which stand to benefit.
Listed below are the Stocks to benefit from PLI estimates from the upcoming budget 2025-26
Dixon Technologies (India)
Dixon Technologies (India) is a leading electronic manufacturing services company that specializes in consumer electronics, lighting, and mobile phones with a focus on design and manufacturing solutions.
With a market capitalization of Rs. 86,922.76 Crores, the shares of Dixon Technologies Limited were trading at Rs. 14,469.95 per equity share, down 0.44 percent from its previous day’s close price of Rs. 14,533.50.
Its Revenue from operations increased by 116.97 percent from Rs. 4,818 Crores in Q3FY24 to Rs. 10,454 Crores in Q3FY25, accompanied by profits of Rs. 97 Crores to Rs. 216 Crores.
Kaynes Technologies India
Kaynes Technology India Limited was established in 1988. It is one of the leading integrated electronics manufacturing services companies that specializes in IoT solutions and caters to diverse industries including automotive and aerospace.
With a market capitalization of Rs. 31,734.94 Crores, the shares of Kaynes Technologies India Limited were trading at Rs. 4,949.80 per equity share, down 0.08 percent from its previous day’s close price of Rs. 5,268.95.
Its Revenue from operations increased by 29.86 percent from Rs. 509 Crores in Q3FY24 to Rs. 661 Crores in Q3FY25, accompanied by a profit of Rs. 45 Crores to Rs. 66 Crores.
PG Electroplast
PG Electroplast Limited was established in 2003. It is a leading Indian manufacturer that specializes in electronic components, plastic injection molding, and providing OEM or ODM services for consumer electronics and appliances.
With a market capitalization of Rs. 20,687.07 Crores, the shares of PG Electroplast Limited were trading at Rs. 730.75 per equity share, up 0.20 percent from its previous day’s close price of Rs. 729.30.
Its Revenue from operations increased by 45.86 percent from Rs. 460 Crores in Q2FY24 to Rs. 671 Crores in Q2FY25, accompanied by a profit of Rs. 12 Crores to Rs. 19 Crores.
Epack Durables
Epack Durable Limited was established in 2019. They specialize in manufacturing consumer durables, particularly as an Original Design Manufacturer (ODM) for room air conditioners and various domestic appliances.
With a market capitalization of Rs. 4,574.30 Crores, the shares of Epack Durables Limited were trading at Rs. 476.65 per equity share, up 3.07 percent from its previous day’s close price of Rs. 462.45.
Its Revenue from operations increased by 111.73 percent from Rs. 178.10 Crores in Q2FY24 to Rs. 377.10 Crores in Q2FY25, accompanied by a loss of Rs. 6.08 Crores to a loss of Rs. 8.49 Crores.
Syrma SGS Technology
Syrma SGS Technology Limited is an Indian electronics manufacturing services company that specializes in the design and production of electronic systems which includes PCB assembly, RFID solutions, and custom manufacturing for various industries.
With a market capitalization of Rs. 9,538.64 Crores, the shares of Syrma SGS Technology Limited were trading at Rs. 525.30 per equity share, up 4.15 percent from its previous day’s close price of Rs. 504.35.
Its Revenue from operations increased by 17 percent from Rs. 712 Crores in Q2FY24 to Rs. 833 Crores in Q2FY25, accompanied by a profit of Rs. 31 Crores to Rs. 40 Crores.
Written by Santhosh S
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