CENTUM - Centum Electronics Ltd Share Price

Industrial Manufacturing

₹1659.70+38.50(+2.37%)

Market Closed as of Apr 28, 2025, 15:30 IST

What does Centum Electronics Ltd do?

Industrial Products•Capital Goods•Small Cap

Centum Electronics Limited designs, manufactures, exports, and sells electronic products in India, the United Kingdom, Europe, North America, and internationally. The company offers embedded computers and power converters, test tools, LRU and data recorders, and satellite bus systems for the aerospace and space industries. It provides onboard computer systems, receiver and seeker electronics, transmit receive modules, high power RF amplifiers, vibration hardened oscillators, power converters and systems, digital receivers, digital sequencer and payload controllers, power conditioning and processing units, and radar finger printing systems for the defense industry. In addition, the company offers base station equipment and RF filters for the communication industry; and industrial equipment diagnosis and circuit breaker control systems, solar energy power cabinets, and HIL test simulator turbo alternator regulation products for the industrial and energy sectors. Further, it provides medical devices and equipment that include digital radiography systems, automated pumps for drug injection, ultrasound equipment, patient monitoring devices, customized room controls for operation theaters, and others; and railway automation system gateways, railway embedded controllers and computer boards, and railway energy storage systems and modules, as well as specialist engineering and manufacturing services for the transportation sector. Additionally, the company offers assisted car navigation-passive rollover avoidance systems, automatic telematics modules, automotive flexray demonstrators, automotive elec boards for solar roofs, and power steering encoder acquisition systems for the automotive industry. The company was incorporated in 1993 and is headquartered in Bengaluru, India.

Industry Group:Industrial Manufacturing

Employees:1,290

Website:www.centumelectronics.com

The Good, Bad and Ugly

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Dilution Rank

Balance Sheet

Momentum

Technicals

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Insider Trading

Category	CENTUM	Industrial
PE	-68.90	27.41
PS	1.91	3.63
Growth	-2 %	7 %

Shareholder Name	Holding %
APPARAO VENKATA MALLAVARAPU	40.1%
HDFC MUTUAL FUND - HDFC MULTI CAP FUND	8.23%
NIKHIL MALLAVARAPU	4.44%
3P INDIA EQUITY FUND 1	4.39%
TANYA MALLAVARAPU	4.38%
SUBHKAM VENTURES I PVT LTD	3.66%
SWARNALATHA MALLAVARAPU	2.51%
SHIVANI T. TRIVEDI	2.35%
MINAL BHARAT PATEL	1.85%
ZEN SECURITIES LIMITED -CLIENTS (DORMANT)	1.29%
3P INDIA EQUITY FUND 1M	1.08%
M S SWARNAKUMARI	0.09%

Summary of Latest Earnings Report from Centum Electronics

Summary of Centum Electronics's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

The management of Centum Electronics Limited expressed a cautiously optimistic outlook, emphasizing growth in the standalone business and strategic actions to address subsidiary challenges. Key points include:

Standalone Business Strength:
- Revenue & Margins: Anticipate significant Q4 growth driven by high-margin Build to Spec (BTS) projects in defense and space. Standalone EBITDA margins are expected to improve to 13"“14% in FY26.
- Order Book: Strong order book (INR 1,675 crores) with visibility in defense (radar, electronic warfare, missiles) and space (satellite payloads, potential constellations).
Subsidiary Turnaround Plans:
- Canada: Losses due to high costs and delayed projects. Mitigation includes shifting engineering work to India and strategic restructuring, aiming to resolve issues by September 2025.
- France: Focus on improving utilization (engineering services for Airbus/Thales) to boost margins to 7% short-term, targeting 11"“12% long-term.
Financial Adjustments:
- Revised FY25 EBITDA guidance to ~INR 100 crores (from INR 130 crores earlier) due to subsidiary drag.
- Exceptional loss (INR 19 crores in Q3) tied to provisions for Ausar Energy, though partial recovery is possible.
Growth Drivers:
- Defense & Space: Leadership in indigenization, new orders (e.g., naval radars), and opportunities in Space (satellite systems, debris tracking).
- EMS Business: New customer onboarding and expansion in sectors like railways.
Strategic Initiatives:
- Exploring fundraising (QIP) to fuel growth in standalone operations.
- Synergies between subsidiaries (design-manufacturing) to enhance value.

Outlook: Near-term challenges persist in subsidiaries, but standalone momentum (defense/space) and corrective measures position Centum for improved revenue/margins from FY26 onward.

Q&A Session

Last updated: Feb 25

1. What is the road map to make the international business profitable? And what are the margins that you expect in the long run?
Answer: Canadian subsidiary losses are prioritized for resolution through cost rationalization (shifting engineering work to India) and customer negotiations. French subsidiary's engineering services aim to improve utilization (currently ~60% onshore). Short-term EBITDA target: 7% for subsidiaries, rising to 11"“12% as growth resumes.

2. What is the revised EBITDA guidance for FY25?
Answer: Consolidated FY25 EBITDA revised downward to ~INR 100 crores (vs. earlier ~INR 130 crores) due to subsidiary underperformance. Standalone business remains on track with strong Q4 growth expectations (13"“14% EBITDA margin).

3. When will subsidiary operations stabilize?
Answer: Canadian subsidiary's losses are expected to reduce by June 2025 (worst case: September 2025) via cost cuts and project transitions. French subsidiary's margins to improve with delayed project starts in Q4 and better utilization.

4. What are the standalone vs. subsidiary segment-wise margins?
Answer: Standalone BTS margins: 18"“20%, EMS: 11"“13%. Subsidiary engineering services (France) margin: ~1.5"“2%, dragged down by Canadian losses.

5. What is Centum's revenue growth outlook, considering subsidiary challenges?
Answer: Standalone revenue growth (gross accounting) projected at ~26% YoY for FY25, driven by defense/space projects. Consolidated FY25 growth revised to ~13% (vs. 18% earlier) due to subsidiary drag.

6. How is Centum positioned in the space sector?
Answer: Key player in satellite payloads (INR 300+ crore order in 2024), electronic warfare, and radar systems. Actively pursuing opportunities in ISRO projects, debris tracking, and full satellite development, leveraging strong defense/space partnerships.

7. Will fundraising (QIP) dilute equity?
Answer: Fundraising plans (Board-approved) aim to fuel growth in standalone defense/EMS segments. Details on timing and structure to be shared later.

8. What is the financial impact of the Canadian subsidiary and recovery prospects for Ausar Energy's provision?
Answer: Canadian subsidiary losses drive consolidated net losses. The INR 19 crore exceptional item (Ausar Energy exposure) was fully provisioned, but partial recovery is possible pending French court-led restructuring (four bidders interested).

Valuation
Market Cap	2.14 kCr
Price/Earnings (Trailing)	-70.53
Price/Sales (Trailing)	1.96
EV/EBITDA	36.94
Price/Free Cashflow	11.78
MarketCap/EBT	-102.11

Fundamentals
Revenue (TTM)	1.09 kCr
Rev. Growth (Yr)	-5.22%
Rev. Growth (Qtr)	8.56%
Earnings (TTM)	-30.35 Cr
Earnings Growth (Yr)	-366.24%
Earnings Growth (Qtr)	-6.08%

Profitability
Operating Margin	0.29%
EBT Margin	-1.92%
Return on Equity	-16.07%
Return on Assets	-2.64%
Free Cashflow Yield	8.49%

Investor Care
Dividend Yield	0.64%
Dividend/Share (TTM)	10
Shares Dilution (1Y)	0.07%
Diluted EPS (TTM)	-19.68

Financial Health
Current Ratio	0.98
Debt/Equity	1.11
Debt/Cashflow	1.23

Cash Flow for Centum Electronics

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	41.7%	18	13	11
Change in inventories	-67.6%	-55.84	-32.92	-24.11
Depreciation	13.3%	18	16	16
Unrealised forex losses/gains	7.6%	-0.22	-0.32	0.63
Adjustments for interest income	96.2%	2.04	1.53	2.78
Share-based payments	200%	2.17	1.39	0
Net Cashflows from Operations	485%	118	21	78
Income taxes paid (refund)	1792.3%	23	-0.3	9.82
Net Cashflows From Operating Activities	370%	95	21	68
Proceeds from sales of PPE	10.6%	0.16	0.06	0.36
Purchase of property, plant and equipment	146.4%	23	9.93	9.56
Proceeds from sales of investment property	-	0	0	1.61
Proceeds from government grants	-614.3%	0	0.86	0
Interest received	-107.6%	0.9	2.32	1.75
Other inflows (outflows) of cash	-303.1%	-10.94	6.88	0
Net Cashflows From Investing Activities	-365%	-65.54	-13.31	-5.84
Proceeds from borrowings	7%	7.91	7.46	0
Repayments of borrowings	-	0	0	42
Payments of lease liabilities	-252.9%	0.48	1.34	2.28
Dividends paid	258.7%	9.07	3.25	2.55
Interest paid	45.5%	17	12	11
Net Cashflows from Financing Activities	-91.1%	-18.65	-9.28	-57.74
Effect of exchange rate on cash eq.	-2.1%	0.02	0.04	0.06
Net change in cash and cash eq.	563%	11	-1.16	4.47

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	41.7%	35	25	23
Change in inventories	-59.5%	-56.13	-34.81	-31.08
Depreciation	2.3%	45	44	43
Unrealised forex losses/gains	158.2%	2.42	1.55	0.52
Adjustments for interest income	8%	2.22	2.13	3.32
Share-based payments	200%	2.17	1.39	0.02
Net Cashflows from Operations	243.5%	238	70	114
Income taxes paid (refund)	2269.8%	24	-0.06	10
Net Cashflows From Operating Activities	208.7%	214	70	103
Proceeds from sales of PPE	-	0.16	0	0.36
Purchase of property, plant and equipment	52.4%	33	22	19
Proceeds from sales of investment property	-6.4%	0	0.06	1.56
Proceeds from government grants	-614.3%	0	0.86	0
Cash receipts from repayment of advances and loans made to other parties	-308.2%	-11.95	7.22	0
Interest received	-114.2%	0.81	2.34	1.91
Net Cashflows From Investing Activities	-74.6%	-44.02	-24.78	-14.93
Payments from changes in ownership interests in subsidiaries	-	14	0	0
Proceeds from borrowings	76.3%	16	9.51	0
Repayments of borrowings	217.2%	93	30	42
Payments of lease liabilities	-15.4%	12	14	14
Dividends paid	261.9%	9.07	3.23	2.55
Interest paid	47.6%	32	22	22
Net Cashflows from Financing Activities	-140.6%	-144.75	-59.59	-81.18
Effect of exchange rate on cash eq.	-272%	0.14	1.5	-0.48
Net change in cash and cash eq.	274.3%	25	-12.77	6.9

Income Statement for Centum Electronics

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	26.4%	633	501	348	425	482	496
Other Income	55.4%	6.72	4.68	5.81	3.86	4.32	6.67
Total Income	26.8%	640	505	354	428	487	502
Cost of Materials	32.4%	418	316	206	235	286	314
Purchases of stock-in-trade	-	0	0	0	0	0	0
Employee Expense	17.3%	96	82	68	68	77	67
Finance costs	13.3%	18	16	15	17	28	27
Depreciation and Amortization	13.3%	18	16	16	16	13	12
Other expenses	12.5%	55	49	34	42	54	48
Total Expenses	23.4%	591	479	337	395	452	468
Profit Before exceptional items and Tax	92%	49	26	17	33	35	35
Exceptional items before tax	-	0	0	-1.84	0	0	33
Total profit before tax	92%	49	26	15	33	35	68
Current tax	50%	16	11	4.56	8.21	10	14
Deferred tax	22%	-2.79	-3.86	-0.95	0.93	-0.68	-4.86
Total tax	100.7%	13	6.98	3.61	9.15	9.74	9.5
Total profit (loss) for period	94.4%	36	19	12	24	25	58
Other comp. income net of taxes	-51.1%	0.32	0.55	0.65	0.1	0.2	0.31
Total Comprehensive Income	89.5%	37	20	12	24	25	58
Earnings Per Share, Basic	93%	28.13	15.056	9.13	19.43	19.43	45.04
Earnings Per Share, Diluted	92.8%	27.82	14.913	9.12	19.42	19.42	44.98

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8.4%	181	167	133	168	176	160
Other Income	-105.3%	0.99	1.19	1.67	4.55	1.11	1.09
Total Income	8.4%	182	168	135	173	177	161
Cost of Materials	-21.7%	113	144	93	94	126	109
Employee Expense	9.5%	24	22	21	28	25	23
Finance costs	43.2%	5.24	3.96	3.59	5	4.16	4.6
Depreciation and Amortization	-3.9%	4.68	4.83	4.79	4.71	4.67	4.6
Other expenses	0%	12	12	11	16	15	11
Total Expenses	9.1%	169	155	129	161	163	148
Profit Before exceptional items and Tax	-8.3%	12	13	6.08	12	15	13
Total profit before tax	-8.3%	12	13	6.08	12	15	13
Current tax	-123.6%	-0.83	8.74	1.12	4.13	4.52	3.3
Deferred tax	148%	4.1	-5.46	0.47	-0.96	-0.78	0.07
Total tax	-0.9%	3.26	3.28	1.58	3.18	3.74	3.37
Total profit (loss) for period	-5.6%	9.12	9.6	4.5	8.71	11	9.58
Other comp. income net of taxes	2.2%	0.09	0.07	0.11	-0.08	0.14	0.13
Total Comprehensive Income	-5.3%	9.21	9.67	4.61	8.62	11	9.71
Earnings Per Share, Basic	-5.8%	7.069	7.44	3.49	6.76	8.41	7.437
Earnings Per Share, Diluted	-5.9%	6.997	7.37	3.45	6.68	8.32	7.352

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Revenue From Operations	18.2%	1,091	923	780	817	883	928
Other Income	19.8%	6.81	5.85	8.02	5.79	15	9.92
Total Income	18.2%	1,098	929	788	823	899	937
Cost of Materials	31.9%	547	415	306	328	362	383
Employee Expense	10.2%	367	333	319	302	326	328
Finance costs	30.8%	35	27	26	30	37	35
Depreciation and Amortization	2.3%	45	44	43	45	41	28
Other expenses	13.3%	112	99	84	81	104	114
Total Expenses	18.2%	1,085	918	775	803	863	889
Profit Before exceptional items and Tax	20%	13	11	13	20	35	48
Exceptional items before tax	-	-4.88	0	-60.35	0	-10.53	6.57
Total profit before tax	-31.2%	7.88	11	-47.63	20	25	55
Current tax	25%	16	13	4.64	8.78	10	14
Deferred tax	20.1%	-5.56	-7.21	-3.38	-1.39	-3.04	-7.2
Total tax	125.2%	11	5.44	1.26	7.39	7.38	6.87
Total profit (loss) for period	-166.1%	-2.76	6.69	-53.47	12	16	27
Other comp. income net of taxes	524.1%	2.23	0.71	2.42	-0.66	1.21	-0.11
Total Comprehensive Income	-123.7%	-0.52	7.4	-51.04	11	17	27
Earnings Per Share, Basic	-94.3%	1.38	7.62	-23.71	13.31	15.465	22.43
Earnings Per Share, Diluted	-94.5%	1.36	7.55	-23.71	13.3	15.453	22.4

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8.1%	281	260	246	297	298	248
Other Income	178.7%	2.31	1.47	1.28	3.77	1.07	0.94
Total Income	8.8%	284	261	247	301	299	249
Cost of Materials	-15.2%	140	165	123	141	152	134
Employee Expense	3.6%	88	85	88	95	93	87
Finance costs	3.1%	7.89	7.68	7.58	9.74	7.72	9.09
Depreciation and Amortization	0%	11	11	12	12	12	11
Other expenses	-8.7%	22	24	23	32	29	25
Total Expenses	8.6%	280	258	250	301	289	251
Profit Before exceptional items and Tax	16.3%	3.21	2.9	-3.03	0.14	11	-2.12
Exceptional items before tax	-	-19.3	0	0	-4.88	0	0
Total profit before tax	-1000%	-16.1	2.9	-3.03	-4.74	11	-2.12
Current tax	-123.6%	-0.83	8.74	1.12	3.59	5.41	2.99
Deferred tax	146.4%	4.03	-5.53	-0.3	-1.43	-1.94	-0.55
Total tax	-0.5%	3.2	3.21	0.82	2.16	3.48	2.44
Total profit (loss) for period	-1449.6%	-19.3	-0.31	-3.84	-6.89	7.25	-4.56
Other comp. income net of taxes	177.1%	2.99	-1.58	0.62	0.95	-1.26	2.68
Total Comprehensive Income	-499%	-16.31	-1.89	-3.22	-5.94	5.99	-1.88
Earnings Per Share, Basic	-994.4%	-12.79	-0.26	-2.45	-4.18	5.95	-2.89
Earnings Per Share, Diluted	-994.4%	-12.79	-0.26	-2.45	-4.18	5.88	-2.89

Balance Sheet for Centum Electronics

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	41.7%	18	13	17	14	9.04	15
Loans, current	-	0.5	1	1	0	0	0
Total current financial assets	3.1%	268	260	231	232	123	119
Inventories	29.4%	371	287	293	232	234	199
Total current assets	23.7%	711	575	550	484	372	334
Property, plant and equipment	-1.9%	103	105	107	99	97	106
Capital work-in-progress	311.3%	2.5	0.29	0.3	5.41	0.02	0.01
Investment property	-	1.91	0	0	0	0	0
Goodwill	0%	3.63	3.63	3.63	3.63	3.63	3.63
Non-current investments	-100.9%	0	108	91	76	76	63
Loans, non-current	-	0.5	0	0.5	0	0	0
Total non-current financial assets	4.9%	130	124	116	98	98	90
Total non-current assets	4%	258	248	242	222	214	212
Total assets	17.8%	969	823	792	705	586	546
Borrowings, non-current	-26.9%	7.58	10	13	0	0	0
Total non-current financial liabilities	-34.2%	7.58	11	13	0.76	0.54	0.16
Provisions, non-current	-	5.34	0	0	0	0	0
Total non-current liabilities	-58.9%	31	74	32	26	9.26	8.45
Borrowings, current	55.6%	141	91	130	106	110	98
Total current financial liabilities	47.6%	401	272	306	276	215	180
Provisions, current	-5.5%	7.71	8.1	6	6.21	3.01	2.53
Current tax liabilities	110.3%	8.97	4.79	6.05	11	1.22	3
Total current liabilities	40.6%	614	437	465	397	317	273
Total liabilities	26.5%	645	510	497	423	326	281
Equity share capital	0%	13	13	13	13	13	13
Total equity	3.9%	324	312	295	283	259	265
Total equity and liabilities	17.8%	969	823	792	705	586	546

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-12.8%	42	48	36	35	33	48
Loans, current	-	0	0	0	0	0	0
Total current financial assets	-5%	327	344	377	441	303	339
Inventories	26.9%	402	317	333	261	262	225
Total current assets	11.2%	845	760	799	741	597	597
Property, plant and equipment	-2.7%	110	113	114	107	104	160
Capital work-in-progress	312.7%	2.51	0.29	0.3	5.41	0.02	0.01
Investment property	-	49	0	0	-	-	0
Goodwill	8.1%	41	38	38	38	38	38
Non-current investments	448.9%	42	8.47	9.57	9.63	7.09	7.29
Loans, non-current	-	0	0	0	0	0	0
Total non-current financial assets	17.1%	42	36	51	70	59	63
Total non-current assets	0.7%	306	304	343	332	299	326
Total assets	8.2%	1,151	1,064	1,142	1,073	896	923
Borrowings, non-current	-31.8%	31	45	59	58	67	82
Total non-current financial liabilities	-19%	69	85	101	94	96	117
Provisions, non-current	-175.6%	0.66	1.45	2	2.37	2.47	7.04
Total non-current liabilities	-40.4%	97	162	124	125	112	138
Borrowings, current	38.3%	178	129	239	205	189	191
Total current financial liabilities	25.8%	523	416	505	477	378	377
Provisions, current	-10%	28	31	26	29	23	27
Current tax liabilities	119%	10	5.11	6.34	12	1.4	3.19
Total current liabilities	22.7%	865	705	819	744	594	587
Total liabilities	11%	962	867	943	869	706	724
Equity share capital	0%	13	13	13	13	13	13
Non controlling interest	-11.4%	-7.42	-6.56	-4.6	-6.66	-4.52	-5.45
Total equity	-4.1%	189	197	199	204	190	199
Total equity and liabilities	8.2%	1,151	1,064	1,142	1,073	896	923

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
BEL	Bharat ElectronicsAerospace & Defense	2.23 LCr	23.96 kCr	-0.65%	+25.25%	44.74	9.32	+28.15%	+39.82%
DIXON	Dixon Tech (India)Consumer Electronics	98.61 kCr	33.25 kCr	+22.31%	+100.40%	114.01	2.97	+106.45%	+141.44%
HONAUT	Honeywell Automation IndiaIndustrial Products	30 kCr	4.2 kCr	+2.26%	-23.24%	56.41	7.14	+2.88%	+14.30%
AVALON	Avalon TechOther Electrical Equipment	5.47 kCr	993.28 Cr	+6.79%	+58.48%	118.41	5.51	+5.90%	+5.94%
MICEL	MIC ElectronicsIndustrial Products	1.4 kCr	58.4 Cr	+6.06%	+12.85%	25.12	24.02	+22.43%	+267.90%

CENTUM - Centum Electronics Ltd Share Price

What does Centum Electronics Ltd do?

Sector Comparison: CENTUM vs Industrial Manufacturing

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from Centum Electronics

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for Centum Electronics

Income Statement for Centum Electronics

Balance Sheet for Centum Electronics

Is Centum Electronics Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)