CENTUM
Centum Electronics share price & financials
- Price
- ₹3,539
- Market cap
- ₹5.1k Cr
- Sector
- Capital Goods
- Calls analysed
- 8
Centum Electronics Limited Q1 FY27
What went well
- Stand-alone revenue grew 11% YoY to INR 205 crores.
- Stand-alone order book grew 31% YoY to INR 1,800 crores, providing strong visibility.
- Consolidated order inflow for the quarter grew 70% YoY to INR 360 crores, driven by BTS.
What to watch
- Q1 FY27 was "somewhat muted" compared to full-year expectations for growth and margins.
- Revenue in the BTS business was impacted by project execution schedules in Q1.
What Centum Electronics Limited does
Centum Electronics designs and manufactures high-reliability, high-complexity electronics for mission-critical sectors including Defence, Space, Aerospace, Transportation, Industrial and Healthcare. It operates through two core lines: Electronics Manufacturing Services (EMS) — PCB assemblies, line-replaceable units and full system integration for global OEMs — and Build-to-Specification (BTS), which takes programs from concept through design, prototyping and mass production for platforms such as radars, satellites and tank/avionics electronics. It earns as a contract design-and-manufacturing partner to global and Indian defence/industrial customers rather than through its own consumer-branded products, with design and manufacturing facilities spread across India, France, Belgium and Canada.
Segments
- Electronics Manufacturing Services (EMS)
- Build-to-Specification (BTS)
- Engineering R&D Services (ER&D)
- Design & manufacturing facilities
- Bangalore (India), Paris, Grenoble, Toulouse, Lyon (France), Waterloo (Belgium), Montreal (Canada)
- Design engineers
- 600+
- Supplier network
- 600+ suppliers
- Patents held
- 17
- Published papers
- 125+
- Sectors served
- Defence, Space, Aerospace, Transportation & Automotive, Industry & Energy, Healthcare
Guidance record · Q1 FY27
what the last two calls moved 21 tracked 6 delivered 7 missed 8 open- Consolidated Revenue Growth (Gross) delivered, diluted said Q2 FY25 Promised: 18% to 20% Q1 FY27: No further updates, historical target already achieved on a diluted basis.
- Consolidated EBITDA missed said Q2 FY25 Promised: INR130 crores Q1 FY27: No further updates, historical target already missed.
- Standalone EBITDA Margin at risk said Q4 FY26 Promised: 13% to 15% in the next 1-2 years Q1 FY27: Q1 FY27 standalone margin was 11.28%, below the target range. Management attributed this to revenue mix but reiterated the full-year target of moving 'up and above about 13%'.
All 21 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 10.8%, net profit down 6.7% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 167 | 187 | 274 | 185 | 206 +23% | 238 +27% | 344 +26% | 205 +11% |
| EBITDA | 20 | 20 | 43 | 26 | 25 +25% | 25 +25% | 45 +5% | 23 −12% |
| Net profit | 10 | 8 | 28 | 15 | 13 +30% | -178 −2325% | 33 +18% | 14 −7% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +58.5% 1Y
1Y: ₹2,644 on 10 Sept 2025 → ₹4,192. High ₹4,376.9 (7 Sept 2026), low ₹2,092.6 (9 Jan 2026).
How the price took the results
close before → close after
- Q1 FY27
- −6.7%
- 14 Aug
- Q4 FY26
- +1.0%
- 15 May
- Q3 FY26
- +10.8%
- 20 Feb
- Q2 FY26
- −0.2%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 6.7% a year over 3 years, FY23 to FY26. Operating margin widened to 12.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹802 Cr | ₹632 Cr | ₹761 Cr | ₹973 Cr |
| Operating profit | ₹64 Cr | ₹77 Cr | ₹96 Cr | ₹121 Cr |
| Operating margin | 7.9% | 12.2% | 12.6% | 12.4% |
| Interest | ₹25 Cr | ₹18 Cr | ₹19 Cr | ₹17 Cr |
| Depreciation | ₹37 Cr | ₹19 Cr | ₹20 Cr | ₹18 Cr |
| Net profit | ₹4 Cr | ₹37 Cr | ₹50 Cr | ₹-117 Cr |
| Net margin | 0.4% | 5.9% | 6.6% | -12.0% |
| Cash from operations | ₹21 Cr | ₹84 Cr | ₹-20 Cr | ₹28 Cr |
| Free cash flow | ₹12 Cr | ₹61 Cr | ₹-35 Cr | ₹-11 Cr |
| ROCE | 11.0% | 16.0% | 17.0% | 19.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹13 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹242 Cr | ₹252 Cr | ₹270 Cr | ₹300 Cr | ₹390 Cr | ₹417 Cr |
| Borrowings | ₹143 Cr | ₹99 Cr | ₹107 Cr | ₹118 Cr | ₹211 Cr | ₹123 Cr |
| Other liabilities | ₹137 Cr | ₹182 Cr | ₹315 Cr | ₹393 Cr | ₹779 Cr | ₹551 Cr |
| Total liabilities | ₹534 Cr | ₹546 Cr | ₹705 Cr | ₹823 Cr | ₹1.4k Cr | ₹1.1k Cr |
| Fixed assets | ₹120 Cr | ₹114 Cr | ₹109 Cr | ₹113 Cr | ₹240 Cr | ₹140 Cr |
| Capital work in progress | ₹2 Cr | ₹0 Cr | ₹5 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr |
| Investments | ₹64 Cr | ₹63 Cr | ₹76 Cr | ₹108 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹348 Cr | ₹369 Cr | ₹514 Cr | ₹601 Cr | ₹1.2k Cr | ₹966 Cr |
| Total assets | ₹534 Cr | ₹546 Cr | ₹705 Cr | ₹823 Cr | ₹1.4k Cr | ₹1.1k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters trimmed −4.70 pp while DIIs added +3.98 pp. The shareholder count grew 49% to 30,466.
- Promoters
- 46.8%
- FIIs
- 3.3%
- DIIs
- 19.7%
- Public
- 30.2%
Since Jun 2025
- Promoters −4.70 pp
- DIIs +3.98 pp
- FIIs +1.38 pp
How it drifted, 12 quarters
Over this window promoters fell from 58.8% to 46.8% — −12.0 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 58.8%, FIIs 0.5%, DIIs 7.9%, Public 32.8%.Dec '23: Promoters 58.8%, FIIs 0.4%, DIIs 7.3%, Public 33.6%.Mar '24: Promoters 58.8%, FIIs 0.4%, DIIs 7.7%, Public 33.1%.Jun '24: Promoters 58.8%, FIIs 0.4%, DIIs 8.1%, Public 32.8%.Sep '24: Promoters 58.8%, FIIs 0.4%, DIIs 8.5%, Public 32.4%.Dec '24: Promoters 58.8%, FIIs 1.0%, DIIs 8.1%, Public 32.2%.Mar '25: Promoters 51.5%, FIIs 0.8%, DIIs 15.4%, Public 32.3%.Jun '25: Promoters 51.5%, FIIs 1.9%, DIIs 15.7%, Public 30.9%.Sep '25: Promoters 47.0%, FIIs 2.9%, DIIs 19.3%, Public 30.9%.Dec '25: Promoters 46.9%, FIIs 2.4%, DIIs 19.9%, Public 30.8%.Mar '26: Promoters 46.9%, FIIs 2.4%, DIIs 21.5%, Public 29.2%.Jun '26: Promoters 46.8%, FIIs 3.3%, DIIs 19.7%, Public 30.2%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- HDFC Trustee Company Limited - HDFC Infrastructure Mutual fund newly disclosed 8.97% held
The same filing shows 4 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Centum Electronics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Apparao Venkata Mallavarapu | 35.45% | unchanged |
| HDFC Trustee Company Limited - HDFC Infrastructure Mutual fund | 8.97% | newly disclosed |
| 3P India Equity Fund 1 AIF | 5.07% | −1.70 pp |
| Nikhil Mallavarapu | 4.42% | unchanged |
| Tanya Mallavarapu | 4.37% | unchanged |
| Swarnalatha Mallavarapu | 2.50% | unchanged |
| 3P India Equity Fund 1M AIF | 1.74% | −0.49 pp |
| Minal Bharat Patel | 1.37% | −0.30 pp |
| Zen Securities Ltd | 1.29% | unchanged |
| Subhkam Ventures I Private Limited VC / PE | 1.07% | −0.65 pp |
| M S Swarnakumari | 0.08% | unchanged |
| HDFC Mutual Fund - HDFC Multi Cap Fund Mutual fund | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in CENTUM
Filings to Jul 2026
0 new, 0 added, 2 trimmed, 0 sold out — net −0.34 L shares (−2.6%).
- Held by funds
- ₹457 Cr
- 4 schemes
- Biggest holder
- HDFC Defence Fund
- ₹250 Cr · 2.3% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Defence Fund HDFC Mutual Fund | ₹250 Cr | held | Mar '25 |
| HDFC Multi Cap Fund HDFC Mutual Fund | ₹93 Cr | held | Dec '22 |
| HDFC Manufacturing Fund HDFC Mutual Fund | ₹85 Cr | −0.18 L | Mar '25 |
| HDFC Infrastructure Fund HDFC Mutual Fund | ₹29 Cr | −0.16 L | Dec '22 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Jul 2026
0 added, 2 trimmed — net −34,455 shares (−2.6%)
- Funds are sitting on
- +107%
- vs est. average cost
- Held by funds
- ₹457 Cr
- 4 schemes · ≈ 9.0% of the company
- Biggest holder
- HDFC Defence Fund
- ₹250 Cr · 2.3% of that fund
- Longest holder
- HDFC Multi Cap Fund
- 3y 8m · since Dec '22
Shares held by these funds +115%
Aug '23 12.90 L shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Centum Electronics Limited
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