The electronics manufacturing sector in India has emerged as a significant player in the global market, driven by a combination of domestic demand, government initiatives, and foreign investments. Over the past decade, this industry has experienced rapid growth, positioning India as one of the leading electronics manufacturers worldwide.
Listed below is one such Electronics Manufacturing company that caters to various sectors including defence:
Aimtron Electronics Ltd
With a market capitalization of Rs. 932 crores, the shares of Aimtron Electronics started Tuesday’s trading session on flatter note at Rs. 464.10. During the trading session, the shares hit a low of Rs. 450, losing around 2 percent and closed the day at Rs. 456.60 apiece.
Looking at the company’s financial performance, the revenue jumped by 11 percent from Rs. 84 crores during FY22-23 to Rs. 93 crores in FY23-24. In addition, the net profits zoomed by 17 percent from Rs. 12 crores to Rs. 14 crores duirng the same timeframe.
In terms of key financial metrics, the company reported a Return on Equity (RoE) of 27.63 percent and a return on capital employed (RoCE) of 29.77 percent for the period spanning FY23-24. Further, the net profit margin during FY23-24 was 12.05 percent.
Aimtron Electronics has reported a robust open order book worth approximately Rs 1,300 million (Rs. 130 crores), representing about 1.4 times its projected revenue for FY24.
Of this, 50 percent of the orders came from the Industrial segment, 37 percent from the IoT/Robotics segment, and the remaining 13 percent from other segments.
According to NSE deal data, Marquee investor Ashish Rameshchandra Kacholia bought a new equity stake of 8 lakh equity shares, representing 27.5 percent of the company, through a bulk deal on June 6 for an average price of Rs, 241 per share.
Aimtron Electronics Limited specializes in Electronics System Design and Manufacturing (ESDM), providing a wide array of products and services tailored to various industries.
Further, the company offers PCB design, assembly, and complete electronic system manufacturing for domestic and global manufacturers in India, the USA, Hong Kong, the UK, Spain, and Mexico.
The company serves a diverse array of sectors, including industrial automation, electric vehicle mobility, Internet of Things (IoT), embedded systems, medical technology, wearables, gaming, and robotics.
In addition to these primary sectors, Aimtron also extends its services to defence, telecommunications, consumer technology, and agriculture, showcasing its versatility across diverse markets.
Aimtron Electronics, a subsidiary of Aimtron Corporation, specializes in the design and manufacturing of electronic components for defence applications.
It operates under strict compliance with the International Traffic in Arms Regulations (ITAR), ensuring that its products meet the necessary security and regulatory standards for defence-related projects.
The company specializes in electronic design and manufacturing, focusing on critical components for defence systems, including RF (radio frequency), digital, and analog products.
Aimtron Electronics provides high-quality printed circuit board (PCB) assembly services specifically tailored for military applications, alongside the assembly of complete electronic systems through box build assemblies, which are essential for various defence technologies.
Additionally, Aimtron offers comprehensive design solutions that cover the entire process from initial concept development to prototyping and full-scale manufacturing, ensuring that clients receive robust and reliable products for their defence needs.
Moreover, the company has also completed the first-stage vendor registration with prominent industry players such as Bharat Electronics Limited (BEL), Bharat Heavy Electricals Limited (BHEL), Hindustan Aeronautics Limited (HAL), and Bharat Forge. This step is crucial for establishing partnerships and expanding its footprint in the domestic market.
Aimtron aims to achieve a 40-50 percent compound annual growth rate (CAGR) over the next 3-5 years, building on its performance in FY24.
Additionally, Aimtron plans to install a new Surface Mount Technology (SMT) line by the end of Q2 FY25. This addition is expected to enhance its capabilities in sectors such as IoT, AI, and Robotics, thereby broadening its service offerings and improving operational efficiency.
The company is also actively targeting expansion in the international drone market, with ongoing processes related to Non-Disclosure Agreements (NDAs) and tooling orders. This sector is expected to contribute significantly to revenue growth as demand for drone technologies increases globally.
Aimtron Electronics Limited has established itself as a prominent player in the Electronics System Design and Manufacturing (ESDM) sector since its inception.
As it continues to focus on innovation and expansion, particularly through strategic investments in technology and capacity enhancement, Aimtron is well-positioned to capitalize on the growing demand within the global electronics market.
Written By Vaibhav Patil
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