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Centum Electronics Limited (CENTUM)

₹4,026.20 +1.14% last close, 16 Oct

📊 NSE: CENTUM 🏢 Aerospace & Defense 📢 Latest filing: 17 Sep 2026 📝 Analysis written: 13 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Centum Electronics' revenue was ₹204 Cr (-25.3% year on year, -40.0% on the previous quarter), and net profit ₹106 Cr; the operating margin was 11.5%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹204	-25.3%	-40.0%
Operating profit	₹23.6	+3.7%	-51.6%
Net profit	₹106	—	+201.5%
EPS (₹)	71.47	—	+201.6%
Operating margin	11.5%	—	—

Full quarterly financials → Results calendar →

CENTUM delivery percentage and bulk deals

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 36.23% of the CENTUM shares traded on NSE were taken to delivery, against the stock's own 20-session average of 35.77%. That is close to its usual level. Volume was 0.4 times its average, well below normal. 1 bulk or block deal was reported in CENTUM in the last 60 days: ₹52 Cr bought, none sold.

36.23%Delivery, 16 Oct

35.77%Own 20-session average

0.4×Volume vs its average

₹4,026.20NSE close · +1.14%

Delivery in the last 5 sessions: 45.6% · 37.8% · 41.2% · 40.4% · 36.2%

Date	Side	Counterparty	Value	Price	Quantity	Type
29 Sep	Buy	Motilal Oswal Mutual Fund	₹51.52 Cr	₹4,928.89	104,532	Bulk

Delivery across the market →All bulk and block deals →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

CARE Upgrades Centum Electronics' Bank Facilities to CARE BBB+/CARE A2; Stable Outlook

🟢 POSITIVE ⭐ 9/10

REGULATORY 📅 17 Sep 2026, 06:16 PM

CARE Ratings has upgraded Centum Electronics Limited's long-term bank facilities (₹249.13 cr) and long-term/short-term facilities (₹184.00 cr) to 'CARE BBB+; Stable' and 'CARE A2' from 'CARE BBB; Positive' and 'CARE A3+'. The upgrade reflects the operational discontinuation and liquidation of loss-making overseas subsidiaries under Centum UK, leading the agency to shift to a standalone analytical approach from Q1FY27. Additionally, CARE highlighted a robust order book that reached ₹1,797 cr as of June 30, 2026 (up from ₹1,341 cr as of March 31, 2025), driven by higher-margin Build-to-Specification defence and space business.

Credit rating upgraded to CARE BBB+; Stable / CARE A2 across ₹433.13 cr of total bank facilities
Analytical approach shifted from consolidated to standalone due to liquidation of loss-making UK/European subsidiaries
Order book grew to ₹1,797 cr as of June 30, 2026, compared to ₹1,645 cr as of March 31, 2026 and ₹1,341 cr as of March 31, 2025
FY26 net loss included ₹203.4 cr in one-time exceptional provisions and write-offs related to subsidiaries and inventory

💡 Track standalone EBITDA margin expansion towards the >12.5% rating sensitivity threshold and monitor the formal completion of the overseas subsidiary liquidation process.

Centum Electronics Schedules Virtual Analyst & Institutional Investor Meet on September 9, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 02 Sep 2026, 07:29 PM

Centum Electronics Limited has informed the exchanges that management will participate in a group meeting with various analysts and institutional investors on September 9, 2026, starting at 2:00 PM IST. The meeting will be conducted virtually. The company confirmed that no unpublished price sensitive information (UPSI) will be discussed during the interaction.

Management group meeting scheduled for September 9, 2026
Interaction to commence virtually from 2:00 PM IST onwards
Meeting intended for various analysts and institutional investors
Company confirmed no Unpublished Price Sensitive Information (UPSI) will be shared

💡 Monitor post-meet disclosures or investor presentations filed with the exchanges for any qualitative updates regarding strategic initiatives in the defense and space segments.

Centum Electronics Wins ₹30.5 Cr ($3.22M) Export Order from Global OEM

🟢 POSITIVE ⭐ 5/10

OTHER 📅 01 Sep 2026, 09:34 PM

Centum Electronics has secured an export order valued at USD 3.22 million (~₹30.5 crore / ₹305 million) from an international Global Original Equipment Manufacturer (OEM). The contract involves the design, development, and delivery of electronic systems for the global defence and aerospace sector. Execution is scheduled over the next 7 months, representing approximately 2.8% of Centum's TTM revenue of ₹1,072 crore.

Secured export contract valued at USD 3.22M (approximately ₹305 Million / ₹30.5 Cr)
Execution timeline spans over the next 7 months
Scope covers design, development, and delivery of electronic systems in Build-to-Specification (BTS)
Contract represents ~2.8% of the company's TTM revenue of ₹1,072 Cr

💡 Track execution progress over the designated 7-month timeframe and monitor quarterly margin trends in upcoming financial results to verify the high-margin accretion from the BTS segment.

Centum Electronics releases investor presentation; highlights standalone order book of ₹1,797 Cr

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 01 Sep 2026, 05:57 PM

Centum Electronics shared its updated investor presentation for September 2026, showcasing a standalone order book of ₹1,797.2 Cr (INR 17.97 Bn) as of June 30, 2026. Standalone revenue for Q1 FY27 stood at ₹204.8 Cr with an EBITDA margin of 11.28%. The order book composition shows steady growth from ₹1,117.8 Cr in FY24 to ₹1,644.8 Cr in FY26, driven by both Build-to-Spec (BTS) and Electronic Manufacturing Services (EMS). Exports contributed 54% of revenue.

Standalone order book reached ₹1,797.2 Cr as of June 30, 2026, up from ₹1,644.8 Cr in FY26.
Q1 FY27 standalone operational revenue reported at ₹204.8 Cr with an EBITDA margin of 11.28% (₹23.1 Cr EBITDA).
Revenue mix for Q1 FY27 stood at 72% Electronic Manufacturing Services (EMS) and 28% Build to Specification (BTS).
Order execution duration spans 2 to 2.5 years for BTS and 6 to 9 months for EMS.
Exports accounted for 54% of total revenue with a manufacturing footprint spanning 350,000 sq ft.

💡 Track execution timelines across the BTS order book and monitor standalone operating margin progression toward management's 12-13% target band in upcoming quarterly results.

Centum Electronics Schedules Analyst Meet for September 2, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 21 Aug 2026, 06:13 PM

Centum Electronics Limited has scheduled an institutional investor and analyst meeting on September 2, 2026. The company will participate in the 'Ashwamedh – Elara India Dialogue 2026' conference in Mumbai through one-on-one and group interactions. The management clarified that no unpublished price-sensitive information will be shared during the sessions.

Meeting scheduled for September 02, 2026
Event: Ashwamedh – Elara India Dialogue 2026
Meeting format: One-to-one and group physical meetings in Mumbai
No unpublished price sensitive information (UPSI) will be disclosed

💡 Track investor presentations or transcripts that may be uploaded post-event for commentary on execution and margin improvement in key business units.

Centum gets ECMS nod for ₹106 Cr 5-year investment in Transducers & Filters

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 18 Aug 2026, 10:48 PM

Centum Electronics has received approval under the Electronics Components Manufacturing Scheme (ECMS) on August 17, 2026. The approval covers a proposed capital investment of approximately ₹106 crores over a period of five years. The investment will focus on establishing/expanding manufacturing capabilities in the Transducers and Filters product categories. The planned outlay represents approximately 24.5% of the company's net worth (₹432 Cr) and 9.9% of TTM revenue (₹1,072 Cr).

Received approval under Electronics Component Manufacturing Scheme (ECMS) on August 17, 2026
Proposed investment of approximately ₹106 crores over 5 years
Targeted manufacturing categories: Transducers and Filters
Investment represents ~24.5% of net worth (₹432 Cr) and ~9.9% of TTM revenue (₹1,072 Cr)

💡 Track the deployment schedule of the ₹106 Cr capex and commercialization timeline for the new Transducers and Filters capacity in forthcoming management commentaries.

Crisil ESG Rating Upgraded to 60 (Adequate) from 52 for Centum Electronics

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 18 Aug 2026, 07:40 PM

Crisil ESG Ratings & Analytics Limited has independently assigned Centum Electronics an ESG score of 60 ('Adequate'), marking an 8-point improvement from its previous score of 52. The rating was generated independently without company engagement, based on public information and FY 2026 disclosures. This non-financial update indicates improved governance and sustainability disclosures, but has no direct impact on the company's financial or operational performance.

Crisil ESG score assigned at 60 ('Adequate' category)
Score improved by 8 points from the previous rating of 52
Independent assessment based on FY 2026 disclosures without direct engagement

💡 Track quarterly revenue and margin progression in the core Strategic Electronics (SEBU) segment, as ESG score updates have no immediate operational impact.

Aug 14 Investor Call: Centum Electronics releases audio recording of management discussion

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 04:09 PM

Centum Electronics has released the audio recording of its analyst and investor conference call held on August 14, 2026. This disclosure follows the company's June 2026 quarterly results, which reported a significant net profit of ₹105.5 Cr, a sharp increase from previous quarters. The call provides qualitative insights into the company's strategy to achieve a 30% standalone revenue growth target for FY26 and the status of its loss-making Canadian subsidiary divestment. Investors can access the recording on the company's website to understand the execution roadmap for the high-margin Build-to-Spec (BTS) business.

Conference call conducted on August 14, 2026, at 12:00 hours IST
Follows a quarter (Jun 2026) where net profit reached ₹105.5 Cr compared to ₹4.48 Cr in Jun 2025
Management is pursuing a 30% standalone revenue growth target for the current fiscal year
Company is utilizing ₹34.97 Cr from QIP proceeds for new machinery to support the SEBU order book

💡 Investors should listen to the recording specifically for updates on the divestment of the Canadian subsidiary and the timeline for the European business restructuring.

Centum Electronics Shareholders Approve Dividend and FY26 Financials at 33rd AGM

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Aug 2026, 03:46 PM

Centum Electronics held its 33rd Annual General Meeting on August 13, 2026, where all five proposed resolutions were passed with a near-unanimous majority (over 99.99% in favor). Key approvals included the adoption of standalone and consolidated financial statements for FY26 and the declaration of a dividend. Total voting participation stood at 66.43% of the outstanding shares, with 100% of the promoter group's participating votes supporting all resolutions. This filing confirms the formal conclusion of the company's annual governance cycle.

All 5 resolutions passed with over 99.99% of votes cast in favor
Total votes polled reached 98,04,623, representing 66.43% of the 1,47,59,016 total shares
Promoter group participation was 100% of their 69,10,278 shares involved in the vote
Public institutional participation was high at 80.10% of their category holding
Resolutions included adoption of FY26 financials and declaration of dividend

💡 Investors should monitor the dividend credit timeline and track the execution of the company's strategy to divest its loss-making Canadian subsidiary as mentioned in recent growth plans.

Rs 1,797 Cr Order Book: Centum Q1 FY27 PAT turns positive at Rs 13.5 Cr after subsidiary exit

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 10:02 PM

Centum Electronics reported a turnaround in Q1 FY27 with a PAT of Rs 13.5 Cr, recovering from a TTM loss of Rs 18 Cr. A major structural shift occurred as the company deconsolidated its loss-making French subsidiaries effective June 4, 2026, following a court-approved business transfer. The order book grew 31% YoY to Rs 1,797.2 Cr, representing approximately 1.57x the TTM revenue. While Q1 revenue of Rs 204.8 Cr was driven largely by the EMS segment (72%), management expects the high-margin Build-to-Specification (BTS) segment to accelerate in coming quarters.

Order book reached Rs 1,797.2 Cr, a 31% YoY increase providing strong revenue visibility.
Q1 FY27 PAT turned positive at Rs 13.5 Cr compared to a net loss of Rs 62 Cr in Dec 2025.
Deconsolidation of French subsidiaries completed on June 4, 2026, removing a significant financial drag.
BTS segment order book grew 40% YoY, targeting superior margins of 20% or more.
Exports remained a core strength, contributing 53% to the total FY26 revenue mix.

💡 Watch for the execution timeline of the Rs 1,797 Cr order book and the margin expansion potential as the high-margin BTS segment scales up following the exit from loss-making European operations.

₹5 Dividend Approved at Centum Electronics 33rd AGM; FY26 Financials Adopted

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 13 Aug 2026, 06:50 PM

Centum Electronics concluded its 33rd Annual General Meeting on August 13, 2026, where shareholders approved a final dividend of ₹5 per equity share (50% of face value). Despite a TTM net loss of ₹18 Cr, the company is proceeding with the payout and has adopted the FY26 standalone and consolidated financial statements. Management reiterated a 30% standalone revenue growth target for FY26, supported by the divestment of its loss-making Canadian subsidiary and strategic shifts in its European business. The company is also utilizing ₹34.97 Cr from a recent QIP for capacity expansion in its Strategic Electronics Business Unit (SEBU).

Approved a final dividend of ₹5 per equity share (50% of face value) for the financial year ended March 31, 2026.
Management targeting 30% standalone revenue growth for FY26 driven by the Strategic Electronics Business Unit.
Allocated ₹34.97 Cr from QIP proceeds for new machinery to support the SEBU order book.
Active evaluation of the divestment of the loss-making Canadian subsidiary to improve overall margins.
Re-appointment of Ms. Tanya Mallavarapu as a Director following her retirement by rotation.

💡 Investors should monitor the timeline for the Canadian subsidiary divestment and the impact of the ₹34.97 Cr capacity expansion on the SEBU division's margins. The company's ability to return to profitability (from a TTM loss of ₹18 Cr) remains the primary metric to watch in upcoming quarterly results.

₹2,100 million QIP: Centum Electronics reports zero deviation in fund utilization

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Aug 2026, 06:04 PM

Centum Electronics has submitted its quarterly statement of fund utilization for the ₹2,100 million raised via Qualified Institutional Placement (QIP) in March 2025. As of June 30, 2026, the company has fully utilized ₹1,149.92 million for debt repayment as originally planned. Capital expenditure for new equipment is underway with ₹256.78 million spent out of an allocated ₹349.68 million. No deviations or variations from the original objects of the issue were reported.

Total amount raised through QIP on March 13, 2025, was ₹2,100 million.
₹1,149.92 million utilized for 100% completion of planned debt repayment/pre-payment.
₹256.78 million spent on new equipment and machinery capex against an allocation of ₹349.68 million.
₹507.20 million allocated for General Corporate Purposes remains unutilized as of June 30, 2026.
Audit Committee and Board reviewed and approved the statement on August 12 and 13, 2026, respectively.

💡 Investors should track the deployment of the remaining ₹507.20 million in General Corporate Purposes and the balance capex to ensure they contribute to future margin improvements or growth.

Centum Q1 Standalone PAT at ₹13.5 Cr; ₹81.2 Cr Gain from European Unit Deconsolidation

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 05:56 PM

Centum Electronics reported a standalone revenue of ₹204.10 cr for Q1 FY27, representing a 10.7% YoY growth. A major structural shift occurred as the company deconsolidated its loss-making European subsidiary (Centum T&S Group) effective June 4, 2026, resulting in a one-time gain of ₹81.23 cr. Standalone Profit After Tax (PAT) stood at ₹13.53 cr, while the company continues the liquidation process for its Canadian operations. The board also approved a minor allotment of 3,000 shares under its RSU plan.

Standalone revenue from operations increased to ₹204.10 cr in Q1 FY27 from ₹184.31 cr in Q1 FY26.
Recorded a significant one-time profit of ₹81.23 cr due to the deconsolidation of the Centum T&S Group (France).
Standalone Profit Before Tax (PBT) reached ₹18.25 cr for the quarter ended June 30, 2026.
Allotted 3,000 equity shares under the Centum - Restricted Stock Unit Plan 2021, slightly increasing paid-up capital to ₹14.76 cr.
Canadian subsidiaries are in the process of liquidation following a December 2025 board decision to discontinue operations.

💡 Investors should monitor the standalone margin trajectory now that the loss-making European and Canadian drags are being removed. The focus shifts to the execution of the domestic Strategic Electronics Business Unit (SEBU) order book and the utilization of QIP funds for new machinery.

Centum Electronics Q1 Standalone PAT at ₹13.53 Cr; Deconsolidates French Subsidiary

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 13 Aug 2026, 05:44 PM

Centum Electronics reported standalone revenue of ₹204.10 Cr for Q1 FY27, a 10.7% increase over Q1 FY26. Standalone PAT stood at ₹13.53 Cr, slightly down from ₹15.45 Cr YoY. The most significant development is the deconsolidation of the loss-making French subsidiary (Centum T&S Group) effective June 4, 2026, following a court-approved business transfer. This resulted in a one-time profit on deconsolidation of ₹81.23 Cr recorded under discontinued operations, structurally cleaning up the consolidated balance sheet.

Standalone revenue from operations grew 10.7% YoY to ₹204.10 Cr in Q1 FY27.
Deconsolidation of French subsidiary Centum T&S Group resulted in a ₹81.23 Cr profit within discontinued operations.
Standalone Profit After Tax (PAT) for the quarter reached ₹13.53 Cr with an EPS of ₹9.17.
Paid-up equity share capital increased to ₹14.76 Cr following the allotment of 3,000 shares under the RSU Plan 2021.
Standalone Profit Before Tax (PBT) before exceptional items was ₹15.50 Cr, compared to ₹21.20 Cr in the previous year's quarter.

💡 Investors should monitor the standalone business's ability to scale its high-margin Build-to-Spec (BTS) segment now that the European operational drag has been removed. Watch for the final liquidation outcomes of the Canadian and French entities in upcoming quarters.

₹500 Cr Proposed Investment in Karnataka Manufacturing Facility

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 10 Aug 2026, 10:07 AM

Centum Electronics has confirmed discussions with the Karnataka government regarding a proposed new manufacturing facility in the state. Media reports, which the company referenced, indicate a planned investment of ₹500 crore over the next four years, expected to create 1,500 jobs. This proposed capex is highly material, representing approximately 44% of the company's TTM revenue (₹1,141 Cr) and 115% of its current net worth (₹432 Cr). The move aligns with Centum's strategy to scale its high-margin Build-to-Spec (BTS) business for the Indian defense and space sectors.

Proposed investment of ₹500 crore over a four-year implementation period
Potential creation of 1,500 new jobs in the Karnataka electronics sector
Investment magnitude represents ~44% of TTM revenue (₹1,141 Cr)
Joint MD met with Karnataka's Minister for Large and Medium Industries on August 7, 2026
Expansion targets the Strategic Electronics Business Unit (SEBU) and ISR ecosystem

💡 Monitor for formal board approval of the capex and details on the funding plan, as the ₹500 Cr investment exceeds the company's current net worth of ₹432 Cr.

View All CENTUM Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Consolidated total income grew 6.06% YoY to INR 1,164.1 Cr in FY25. Standalone revenue grew 18.3% YoY to INR 756.8 Cr. The EMS division is the largest contributor, accounting for nearly 50% of consolidated revenue. Standalone revenue for H1 FY26 grew 25% YoY.

Geographic Revenue Split

India operations (Standalone) contribute approximately 65% of consolidated revenue (INR 756.8 Cr out of INR 1,164.1 Cr). International operations in France and Canada contribute the remainder, though they face headwinds with revenue contraction in the French automotive sector.

Profitability Margins

Consolidated Operating Profit Margin improved from 4% to 5% in FY25. Standalone EBITDA margin expanded to 13.48% in FY25 from 12.3% in FY24. PAT margin remained at 0% on a consolidated basis due to subsidiary losses.

EBITDA Margin

Consolidated EBITDA grew 12.7% YoY to INR 96.7 Cr (8.3% margin). Standalone EBITDA grew 29.6% YoY to INR 102 Cr (13.48% margin). Management targets a standalone EBITDA margin of 13-15% for FY26.

Capital Expenditure

Historical capex for FY25 was INR 14.6 Cr for Property, Plant & Equipment. Planned capex includes INR 34.97 Cr earmarked from QIP proceeds for new equipment and machinery to support the growing order book.

Credit Rating & Borrowing

CareEdge Ratings assigned a 'Positive' outlook. Interest Coverage Ratio (ICR) improved to 1.86x in FY25 from 1.37x in FY24. Total borrowings reduced by INR 21 Cr to INR 96.1 Cr as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Critical electronic components and materials including semiconductors, safety-critical modules, and RF components; specific material names not disclosed.

Import Sources

Sourced through a global network of suppliers to support international and domestic manufacturing hubs.

Capacity Expansion

Current capacity not quantified; planned expansion involves utilizing INR 34.97 Cr from QIP for new machinery to cater to the Strategic Electronics Business Unit (SEBU) order book.

Raw Material Costs

Not explicitly disclosed as a % of revenue, but average inventory increased 13.7% to INR 326.8 Cr to support anticipated H2 FY26 deliveries.

Manufacturing Efficiency

Capacity utilization in France was negatively impacted by volume slowdowns in the automotive and aerospace sectors.

📈 Strategic Growth

Expected Growth Rate

30%

Growth Strategy

Growth will be driven by a 30% standalone revenue target for FY26, divestment of the loss-making Canadian subsidiary, evaluating strategic options for the European business, and scaling the high-margin Build-to-Spec (BTS) business for Indian Defence and Space sectors.

Products & Services

ISR (Intelligence, Surveillance, and Reconnaissance) subsystems, FPGA development, analog and RF systems, safety-critical electronic modules, and Electronic Manufacturing Services (EMS).

Brand Portfolio

Centum, Centum Electronics, Centum T&S (CTS).

New Products/Services

Next-generation ISR ecosystem products and subsystems for the Indian tri-services.

Market Expansion

Focusing on emerging as a leading player in India’s ISR ecosystem and deepening presence in high-priority sectors like Space and critical industrial technologies.

🌍 External Factors

Industry Trends

The industry is shifting toward modernization of legacy platforms and safety-critical applications in high-reliability markets like Space and Defence.

Competitive Landscape

Intense competition in the Engineering R&D (ER&D) market, particularly in France, and L1-based competition in domestic defence.

Competitive Moat

Moat is based on safety-critical application expertise and being a single-source supplier for many products, which is sustainable due to high switching costs and technical complexity.

Macro Economic Sensitivity

Highly sensitive to global macroeconomic conditions; weak conditions in Europe and Canada have led to inadequate revenue to offset operating costs in those regions.

Consumer Behavior

Shift in government procurement toward domestic 'Build-to-Spec' partners in India is benefiting the standalone business.

Geopolitical Risks

Geopolitical tensions impact the global supply chain for critical components and can delay project timelines.

⚖️ Regulatory & Governance

Industry Regulations

Subject to stringent certifications and approvals from government agencies; delays in these can extend execution cycles and impact revenue recognition.

Environmental Compliance

Operates in highly regulated sectors where changes in environmental regulations can increase operational complexity and costs.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty is the timing and success of the divestment of loss-making subsidiaries in Canada and France, which currently drag down consolidated margins.