India is set to introduce incentives worth up to US$ 5 billion or Rs. 42,245 Crores to encourage local electronics firms to manufacture components for devices such as smartphones and laptops.
It aligns with the Country’s “Make in India” initiative aiming to reduce the country’s reliance on Chinese imports and strengthen domestic supply chains within the rapidly growing sector.
Along with its ambitious target to scale up electronics production to US$ 500 billion by FY30, with US$ 150 billion of that figure attributed to component manufacturing, as outlined by the government think tank Niti Aayog.
The scheme to be introduced by India’s Ministry of Electronics and Information Technology, will offer incentives for manufacturing critical components such as printed circuit boards. This is expected to foster deeper local supply chains and enhance domestic value addition.
Listed below are some of the EMS and associated companies that might possibly benefit from the new initiative, that you can add to your watchlist
Dixon Technologies (India) Limited is an Electronic Manufacturing Services (EMS) company engaged in providing manufacturing and design-focused solutions for consumer durables, home appliances, lighting, mobile phones, security devices, and many more.
With a market capitalization of Rs. 93,838 Crores, the shares of Dixon Technologies (India) Limited closed at Rs. 15,622 per equity share, up 0.03 percent from its previous day’s close price of Rs. 15,617.05.
Its revenue from operations grew by 133 percent from Rs. 4,943 Crores in Q2FY24 to Rs. 11,534 Crores in Q2FY25, accompanied by profits of Rs. 113 Crores to Rs. 412 Crores.
Kaynes Technology India
Kaynes Technology India Limited is an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer. It is engaged in providing conceptual design, process engineering, integrated manufacturing, and life cycle support for major players across various industries.
With a market capitalization of Rs. 37,435 Crores, the shares of Kaynes Technology India Limited closed at Rs. 5,848.20 per equity share, down 0.84 percent from its previous day’s close price of Rs. 5,897.50.
Its revenue from operations grew by 59 percent from Rs. 361 Crores in Q2FY24 to Rs. 572 Crores in Q2FY25, accompanied by profits of Rs. 32 Crores to Rs. 60 Crores.
Syrma SGS Technology
Syrma SGS Technology Limited is an engineering and design company engaged in electronics manufacturing services. It provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.
With a market capitalization of Rs. 10,299 Crores, the shares of Syrma SGS Technology Limited closed at Rs. 578.10 per equity share, up 2.56 percent from its previous day’s close price of Rs. 563.65.
Its revenue from operations grew by 17 percent from Rs. 712 Crores in Q2FY24 to Rs. 833 Crores in Q2FY25, accompanied by profits of Rs. 31 Crores to Rs. 40 Crores.
Sasken Technologies
Sasken TechnologiesLimited specializes in Product Engineering and Digital Transformation, it is engaged in providing concept-to-market, chip-to-cognition R&D services to global leaders in Semiconductor, Automotive, Industrials, Consumer Electronics and many more.
It provides engineering services, including the design and development of mobile device components, software, and hardware for consumer electronics.
With a market capitalization of Rs. 3,177 Crores, the shares of Sasken Technologies Limited closed at Rs. 2,103.10 per equity share, down 2.72 percent from its previous day’s close price of Rs. 2,103.10
Its revenue from operations grew by 31.72 percent from Rs. 103 Crores in Q2FY24 to Rs. 135 Crores in Q2FY25, accompanied by profits of Rs. 18 Crores to Rs. 12 Crores.
V-Guard Industries
V-Guard Industries Limited is known for manufacturing electrical components, including voltage stabilizers and other components that are used in various electronics, including laptops and mobile devices.
With a market capitalization of Rs. 18,251 Crores, the shares of V-Guard Industries Limited closed at Rs. 419.20 per equity share, down 0.13 percent from its previous day’s close price of Rs. 419.75.
Its revenue from operations grew by 14.13 percent from Rs. 1,134 Crores in Q2FY24 to Rs. 1,294 Crores in Q2FY25, accompanied by profits of Rs. 59 Crores to Rs. 63 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
