Centum Electronics Ltd
Centum Electronics Ltd
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BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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48 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
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Technical Indicators
Key Insights
Strengths
2- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 259%
Weaknesses
4- Stock is trading at 14.4 times its book value
- The company has delivered a poor sales growth of 3.11% over past five years.
- Company has a low return on equity of 0.55% over last 3 years.
- Promoter holding has decreased over last 3 years: -12.0%
Growth Rate
AI Analysis — Bull vs Bear
Centum Electronics Ltd trades at a market cap of ₹5,404 Cr with a negative trailing PE of -103.5x and a price-to-book of 15.6x. The company has shown strong profit CAGR of 117% over 3 years and 42% over 5 years, but TTM sales have declined 18% and the stock's valuation remains stretched relative to its book value and historical sales growth of just 3% over five years.
- Compounded profit growth of 117% over 3 years and 42% over 5 years indicates a significant improvement in earnings trajectory
- Last year ROE surged to 27%, a sharp jump from the 3-year average of 10% and 5-year average of 8%, signaling improving capital efficiency
- Company has reduced debt, strengthening the balance sheet and lowering financial risk
- Healthy dividend payout ratio of 260% demonstrates management's commitment to returning capital to shareholders
- Stock CAGR of 54% over 1 year and 40% over 3 years reflects strong market confidence and momentum
- 10-year compounded sales growth of 9% shows the company has a track record of long-term revenue expansion despite recent weakness
- TTM profit growth of 1153% indicates a dramatic turnaround from a low or loss-making base in the prior period
- Stock trades at 15.6x book value, a steep premium that leaves little margin of safety if growth disappoints
- TTM sales declined 18%, indicating near-term revenue contraction and potential demand or execution challenges
- 5-year compounded sales growth of only 3% suggests structural difficulty in scaling the top line
- Trailing PE of -103.5x reflects current-period losses despite reported profit growth, raising earnings quality questions
- Promoter holding has decreased by 11.9% over last 3 years, which may signal reduced insider confidence or dilution
- 3-year average ROE of only 10% (and 5-year average of 8%) indicates historically weak return on equity despite the recent spike
- Dividend yield of just 0.17% offers minimal income cushion despite the high payout ratio, implying low absolute earnings per share relative to price
- 3-year compounded sales growth of merely 1% shows near-stagnation in revenue over a meaningful medium-term period
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- FY26 results tagged negative May 14
Centum Electronics posted FY26 standalone revenue of Rs 9,706.25 mn. The market sentiment around the result was negative despite revenue growth, suggesting margins or guidance may have disappointed.
- Rs 5/share final dividend proposed May 14
Board recommended a final dividend of Rs 5 per share for FY26, subject to shareholder approval, signaling confidence in cash flow generation.
- Revenue rose to Rs 9,706 mn May 14
FY26 standalone revenue reached Rs 9,706.25 mn, indicating top-line growth for the industrial electronics company.
- Investor meet on May 28 May 22
Centum Electronics will participate in the 360 ONE Capital 16th Annual Investor Conference in Mumbai on May 28, 2026.
TL;DR: Centum Electronics delivered FY26 standalone revenue of Rs 9,706 mn and proposed a Rs 5/share dividend, but market reception was negative — possibly due to margin concerns or muted guidance. The upcoming investor meet on May 28 could provide clarity on the order pipeline and outlook. Watch for management commentary on margins and growth drivers to assess whether the negative sentiment is warranted or overdone.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 248 | 248 | 298 | 297 | 246 | 260 | 273 | 267 | 179 | 277 | 237 | 340 | 204 |
| Expenses | 226 | 231 | 269 | 279 | 230 | 240 | 246 | 221 | 150 | 257 | 205 | 292 | 181 |
| Operating Profit | 21 | 17 | 29 | 18 | 16 | 20 | 27 | 46 | 28 | 20 | 32 | 49 | 24 |
| OPM % | 9% | 7% | 10% | 6% | 6% | 8% | 10% | 17% | 16% | 7% | 14% | 14% | 12% |
| Other Income | 2 | 1 | 1 | -1 | 1 | 1 | -26 | -5 | -10 | 7 | -92 | -26 | 97 |
| Interest | 8 | 9 | 8 | 10 | 8 | 8 | 8 | 6 | 3 | 8 | 4 | 5 | 4 |
| Depreciation | 11 | 11 | 12 | 12 | 12 | 11 | 9 | 5 | 4 | 10 | 5 | 5 | 6 |
| PBT | 4 | -2 | 11 | -5 | -3 | 3 | -16 | 30 | 10 | 9 | -69 | 13 | 110 |
| Tax % | 64% | 115% | 32% | 46% | 27% | 111% | 20% | 28% | 56% | 52% | -11% | 87% | 4% |
| Net Profit | 1 | -5 | 7 | -7 | -4 | 0 | -19 | 22 | 5 | 4 | -62 | 2 | 106 |
| EPS in Rs | 1.13 | -3.54 | 5.63 | -5.35 | -2.98 | -0.24 | -14.96 | 14.64 | 3.07 | 2.88 | -42.11 | 1.11 | 71.48 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 488 | 404 | 692 | 778 | 930 | 883 | 817 | 780 | 923 | 1,091 | 740 | 953 | 1,059 |
| Expenses | 387 | 354 | 636 | 754 | 848 | 786 | 729 | 710 | 847 | 1,005 | 641 | 817 | 934 |
| Operating Profit | 101 | 51 | 56 | 23 | 82 | 97 | 88 | 70 | 76 | 86 | 99 | 135 | 125 |
| OPM % | 21% | 13% | 8% | 3% | 9% | 11% | 11% | 9% | 8% | 8% | 13% | 14% | 12% |
| Other Income | 7 | 8 | 32 | 13 | 7 | 5 | 6 | -52 | 7 | 2 | -46 | -137 | -15 |
| Interest | 5 | 7 | 18 | 22 | 35 | 37 | 30 | 26 | 27 | 35 | 20 | 17 | 22 |
| Depreciation | 17 | 17 | 23 | 28 | 28 | 41 | 45 | 43 | 44 | 45 | 20 | 20 | 25 |
| PBT | 87 | 36 | 46 | -14 | 27 | 23 | 19 | -52 | 12 | 8 | 14 | -38 | 62 |
| Tax % | 31% | 28% | 19% | 7% | -1% | 31% | 38% | 2% | 45% | 135% | 114% | 38% | — |
| Net Profit | 60 | 26 | 37 | -15 | 27 | 16 | 12 | -53 | 7 | -3 | -2 | -52 | 49 |
| EPS in Rs | 34.49 | 20.74 | 26.93 | -14.74 | 21.91 | 15.47 | 13.32 | -23.7 | 7.62 | 1.38 | 1.67 | -31.65 | 33.36 |
| Div. Payout % | 9% | 14% | 19% | -7% | 23% | 16% | 30% | -11% | 53% | 434% | 359% | -16% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 15 | 15 |
| Reserves | 156 | 179 | 197 | 177 | 206 | 192 | 210 | 191 | 198 | 190 | 391 | 328 |
| Borrowings | 89 | 81 | 279 | 390 | 357 | 372 | 374 | 320 | 308 | 242 | 187 | 123 |
| Other Liabilities | 169 | 188 | 377 | 493 | 515 | 497 | 381 | 396 | 551 | 618 | 647 | 836 |
| Total Liabilities | 427 | 461 | 865 | 1,073 | 1,091 | 1,074 | 978 | 920 | 1,070 | 1,063 | 1,239 | 1,303 |
| Fixed Assets | 72 | 72 | 250 | 239 | 205 | 256 | 253 | 239 | 220 | 238 | 217 | 140 |
| CWIP | 0 | 21 | 11 | 27 | 14 | 11 | 19 | 12 | 28 | 10 | 15 | 0 |
| Investments | 0 | 1 | 45 | 14 | 12 | 40 | 49 | 7 | 10 | 8 | 0 | 0 |
| Other Assets | 354 | 366 | 559 | 793 | 860 | 766 | 658 | 661 | 812 | 806 | 1,007 | 1,163 |
| Total Assets | 427 | 461 | 865 | 1,073 | 1,091 | 1,074 | 978 | 920 | 1,070 | 1,063 | 1,239 | 1,303 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 28 | 68 | -53 | -27 | 50 | 109 | 81 | 103 | 71 | 202 | -29 | 60 |
| Investing | -18 | -36 | -70 | -31 | -22 | -11 | 13 | -15 | -10 | -44 | -58 | -38 |
| Financing | 22 | -25 | 97 | 66 | -33 | -102 | -66 | -81 | -88 | -133 | 107 | -25 |
| Net Cash Flow | 32 | 6 | -26 | 8 | -4 | -4 | 28 | 7 | -27 | 25 | 19 | -3 |
| Free Cash Flow | 8 | 29 | -129 | -62 | 16 | 83 | 56 | 85 | 49 | 169 | -48 | 20 |
| CFO/OP | 54 | 158 | -86 | -79 | 62 | 129 | 101 | 163 | 93 | 263 | -9 | 59 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 92 | 99 | 113 | 108 | 103 | 96 | 117 | 131 | 76 | 151 | 115 |
| Inventory Days | 185 | 223 | 216 | 295 | 225 | 242 | 205 | 272 | 230 | 220 | 276 | 268 |
| Days Payable | 64 | 114 | 144 | 205 | 138 | 183 | 115 | 138 | 185 | 154 | 175 | 149 |
| Cash Conversion Cycle | 203 | 202 | 171 | 203 | 195 | 162 | 187 | 251 | 175 | 142 | 252 | 234 |
| Working Capital Days | 46 | 36 | -7 | 17 | 12 | -17 | -5 | -23 | -20 | -6 | 11 | 49 |
| ROCE % | 36% | 14% | 15% | 1% | 10% | 12% | 8% | 6% | 8% | 10% | 17% | 26% |
Documents
Frequently Asked Questions about Centum Electronics Ltd
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Company Information
Founded in 1993, Centum Electronics Limited is one of the largest Electronics System Design and Manufacturing (ESDM) companies in India. It offers entire spectrum of design services and manufacturing of systems, subsystems for mission critical products in Defence, Space, Aerospace, Industrial, Transportation and Medical sectors.[1]