Optiemus Infracom Limited (OPTIEMUS)
₹673.70 -7.07% last close, 23 Oct
📈 Share price & events
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Optiemus Infracom's revenue was ₹485 Cr (+8.0% year on year, +12.8% on the previous quarter), and net profit ₹22.0 Cr (-2.0% year on year); the operating margin was 1.4%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹485 | +8.0% | +12.8% |
| Operating profit | ₹7.0 | -69.8% | -76.9% |
| Net profit | ₹22.0 | -2.0% | +79.9% |
| EPS (₹) | 2.53 | -3.1% | +82.0% |
| Operating margin | 1.4% | — | — |
OPTIEMUS delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 23 Oct 2026, 41.06% of the OPTIEMUS shares traded on NSE were taken to delivery, against the stock's own 20-session average of 33.54%. That is close to its usual level. Volume was 0.3 times its average, well below normal. 1 bulk or block deal was reported in OPTIEMUS in the last 60 days: ₹144 Cr bought, none sold.
Delivery in the last 5 sessions: 37.5% · 43.1% · 42.8% · 41.2% · 41.1%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 23 Sep | Buy | Bank Of India Mutual Fund | ₹144.31 Cr | ₹815.68 | 1,769,176 | Bulk |
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
Optiemus Infracom has approved providing a surety/guarantee and executing a bond not exceeding ₹30 crore in favour of the Central Board of Indirect Taxes and Customs (CBIC). This bond is on behalf of its wholly owned subsidiary, Optiemus Electronics Limited, to facilitate the import of components at concessional duty rates under the IGCR Scheme. The guarantee supports manufacturing operations for hearables, wearables, mobile phones, and PCBs, representing about 4.4% of the company's net worth (₹682 crore) as a contingent liability.
- Surety bond approved for an amount not exceeding ₹30 Crores in favour of CBIC
- Issued on behalf of wholly owned subsidiary Optiemus Electronics Limited
- Aims to secure duty concessions under the Import of Goods at Concessional Rate of Duty (IGCR) Scheme
- Covers shipments for manufacturing hearables, wearables, mobile phones, and mobile PCBs
Optiemus Infracom Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ending September 30, 2026. The certificate issued by Registrar and Share Transfer Agent Beetal Financial and Computer Services confirms that securities received for dematerialization were processed and confirmed within 15 days. The underlying physical security certificates were verified, mutilated, and cancelled as mandated. This is a recurring statutory filing that indicates normal share-transfer administrative compliance.
- Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
- Pertains to the quarter ended September 30, 2026
- RTA Beetal Financial confirmed demat requests processed within the stipulated 15 days limit
- RTA confirmation certificate dated October 05, 2026
Optiemus Infracom has submitted its voting results and Scrutinizer's Report for its 33rd Annual General Meeting held on September 28, 2026. A total of 69,033,453 votes were polled across 34,906 recorded shareholders, representing a 76.56% turnout of total share capital. All four resolutions passed with requisite majorities, including the adoption of FY26 financial statements (99.9999% in favour) and director appointments. Re-appointments included Director Neetesh Gupta retiring by rotation (97.43% assent) and two Independent Directors, Gauri Shankar and Rakesh Kumar Srivastava, for second 5-year terms (99.9988% assent each).
- Overall voter turnout stood at 76.5622% of total shares (69,033,453 votes polled out of 90,166,450 shares)
- Adoption of FY26 audited standalone and consolidated financial statements passed with 99.9999% votes in favour
- Re-appointment of retiring director Mr. Neetesh Gupta approved with 97.4250% votes in favour and 2.5750% against
- Special resolutions re-appointing Independent Directors Gauri Shankar and Rakesh Kumar Srivastava for 5-year terms approved with 99.9988% votes in favour
- Total shareholder count on the record date (September 21, 2026) was 34,906
Optiemus Infracom has approved an increase in its corporate guarantee given to IndusInd Bank from ₹50.07 crore to ₹100 crore. The guarantee secures credit facilities of ₹100 crore availed or to be availed by its wholly owned subsidiary, Optiemus Electronics Limited. The total guarantee amount of ₹100 crore represents approximately 14.7% of Optiemus Infracom's net worth of ₹682 crore. The guarantee will be treated as a contingent liability on the parent company's books.
- Corporate guarantee limit doubled from ₹50.07 Crores to ₹100 Crores
- Secures credit facilities of up to ₹100 Crores for wholly owned subsidiary Optiemus Electronics Limited
- Issued in favour of Indusind Bank Limited on an arm's length basis
- Guarantee creates a contingent liability representing ~14.7% of parent net worth (₹682 Cr)
Optiemus Infracom has entered into a binding term sheet with Nothing Electronics to form a Joint Venture for commercializing and selling CMF products, including smartphones and components. Under the agreement, Optiemus will initially hold a majority 51.1% equity stake at face value, along with participating in CMF's upcoming Series A round. The initiative aims to build India's first end-to-end smartphone R&D and design capability locally. This expands their existing manufacturing JV started in September 2025, supporting Optiemus's electronics manufacturing services (EMS) portfolio (TTM revenue of ₹1,769 Cr).
- Optiemus to acquire an initial 51.1% equity stake in the proposed Joint Venture company at face value.
- Optiemus will participate in Nothing's upcoming Series A investment round for the CMF brand.
- Expands the strategic manufacturing joint venture previously entered into in September 2025.
- CMF brand reported 83% year-on-year volume growth in India during 2025.
Optiemus Infracom Limited has dispatched notices with web-links for its Annual Report FY 2025-26 and 33rd AGM to shareholders who do not have registered email addresses. The 33rd AGM is scheduled to take place virtually on September 28, 2026, at 11:30 AM IST. The cut-off date for remote e-voting eligibility is September 21, 2026, with the voting window open from September 25 to September 27, 2026. This is a standard statutory communication under Regulation 36(1)(b) of SEBI LODR.
- 33rd Annual General Meeting scheduled for Monday, September 28, 2026, at 11:30 AM via VC/OAVM
- Cut-off date for remote e-voting set for Monday, September 21, 2026
- Remote e-voting period runs from September 25, 2026 (09:00 AM) to September 27, 2026 (05:00 PM)
- Electronic distribution of AGM notice and FY26 Annual Report based on record date of August 28, 2026
Optiemus Infracom received a notice from NSE levying a fine of Rs 4,720 (including Rs 720 GST) due to a 2-day delay in filing its shareholding pattern for the quarter ended June 30, 2026. The company explained that the pattern was filed on BSE on July 18, 2026, ahead of the July 21 deadline, but the NSE submission occurred on July 23, 2026, due to an inadvertent misunderstanding regarding single-filing mechanisms. The Board noted the matter on August 27, 2026, and confirmed that a fine waiver application was submitted to NSE on August 17, 2026.
- NSE levied a total fine of Rs 4,720 (Rs 4,000 fine plus 18% GST of Rs 720) for delayed compliance under Regulation 31(1)
- Filing delay was 2 days with submission completed on NSE on July 23, 2026, compared to the July 21, 2026 due date
- Company filed on BSE on July 18, 2026, three days ahead of the prescribed due date
- Waiver application submitted to NSE on August 17, 2026, with further clarification on August 22, 2026
Optiemus Infracom has approved an additional cash investment of ₹5.60 crore in its wholly owned subsidiary, Optiemus Unmanned Systems Private Limited (OUS), via a rights issue of 56,00,000 equity shares at ₹10 each. The capital infusion will support OUS's working capital needs and capex for drone manufacturing. For FY26 (as of March 31, 2026), OUS reported a turnover of ₹33.16 lakh and a negative net worth of ₹7.04 crore. Relative to Optiemus's TTM revenue of ₹1,769 crore and net worth of ₹682 crore, this investment is small at ~0.3% of revenue and ~0.8% of net worth.
- Approved subscription of 56,00,000 equity shares of ₹10 each in subsidiary OUS for ₹5.60 crore in cash
- Post-transaction shareholding increases from 24,99,999 shares to 80,99,999 shares, retaining 100% ownership
- Target subsidiary OUS clocked ₹33.16 lakh turnover and reported negative net worth of ₹(704.42) lakh as of March 31, 2026
- Board approved re-appointment of Independent Directors Gauri Shankar and Rakesh Kumar Srivastava for a 5-year term starting April 1, 2027
- 33rd AGM scheduled for September 28, 2026, with book closure from September 22 to September 28, 2026
Optiemus Infracom has approved the allotment of 1,67,250 equity shares following the conversion of warrants originally issued in February 2025. The conversion occurred at a price of Rs 672.25 per share, which is a ~23% premium to the current market price of Rs 546.5. The total fund infusion amounts to Rs 11.24 crore, representing approximately 1.65% of the company's net worth. The allotment was made to three non-promoter entities, resulting in a marginal equity dilution of 0.18%.
- Allotment of 1,67,250 equity shares at a face value of Rs 10 each.
- Conversion price set at Rs 672.25 per share, totaling Rs 11.24 crore.
- Warrants were originally allotted on February 08, 2025.
- Post-allotment paid-up equity capital increased to Rs 90.16 crore.
- Allottees include Jalan Chemical Industries (1.2 lakh shares) and two other non-promoter entities.
Optiemus Infracom has approved the allotment of 7,38,081 equity shares following the conversion of warrants originally issued in February 2025. The conversion occurred at an issue price of ₹672.25 per share, aggregating to a total value of ₹49.62 crore. The allottees are entirely from the non-promoter category, including JM Financial Products Limited (allotted 2.97 lakh shares). This capital infusion represents approximately 7.3% of the company's TTM net worth, strengthening the balance sheet for its EMS and drone manufacturing expansions.
- Allotment of 7,38,081 equity shares at a face value of ₹10 each.
- Total capital infusion of ₹49.62 crore at an issue price of ₹672.25 per share.
- Conversion of warrants originally allotted on February 08, 2025.
- Paid-up equity capital increased to ₹89.99 crore, comprising 8,99,99,200 shares.
- Major non-promoter allottee JM Financial Products Limited received 2,97,550 shares.
Optiemus Infracom reported a significant 103% YoY revenue surge to ₹882.99 Cr in Q1 FY27, primarily driven by its smartphone manufacturing partnership which contributed over ₹500 Cr. While PAT grew 46% YoY to ₹21.18 Cr, EBITDA margins compressed to 4.7% from 6.8% due to the high-volume, lower-margin nature of the mobile assembly segment. The company has issued aggressive guidance to double its revenue to ₹3,600 Cr in FY27, supported by the newly commissioned Noida Unit 3. Management further targets ₹6,000 Cr in revenue by FY29, representing a structural scale-up in its EMS and B2C operations.
- Q1 FY27 Revenue increased 103% YoY to ₹882.99 Cr, surpassing the total TTM revenue run rate.
- Smartphone manufacturing partnership (AI+) contributed ₹500+ Cr to the quarterly top line.
- Commissioned Noida Unit 3 in Q1 FY27, adding 6 million units per annum of installed capacity.
- Management guided for ₹3,600 Cr revenue in FY27, a ~103% increase over FY26 revenue of ₹1,769 Cr.
- Targeting ₹6,000 Cr revenue by FY29, excluding potential upsides from the upcoming Cover Glass JV and new B2C categories.
Optiemus Infracom reported a sharp decline in standalone revenue to ₹49.69 Cr for Q1 FY27, down from ₹134.74 Cr in Q1 FY26. However, the consolidated performance remains robust, with subsidiaries and JVs contributing ₹833.30 Cr in revenue and ₹21.50 Cr in net profit for the quarter. The company is currently contesting a $22.52 million claim from BlackBerry, with management pursuing counterclaims exceeding $20 million. The results highlight a significant shift in the business mix towards manufacturing subsidiaries (EMS and Drones) rather than the standalone trading entity.
- Standalone revenue from operations fell 63% year-on-year to ₹49.69 Cr in Q1 FY27.
- Consolidated subsidiaries and JVs generated ₹833.30 Cr in revenue, representing ~47% of the total TTM revenue in a single quarter.
- Net profit from subsidiaries and JVs stood at ₹21.50 Cr for the quarter ended June 30, 2026.
- BlackBerry has proposed a 70% reduction in its $22.52 million software license fee claim to settle the ongoing legal dispute.
- Management is filing counterclaims against BlackBerry estimated to exceed $20 million, citing unfulfilled contractual obligations.
Mr. Vrajesh Shelat, President-New Projects and a member of the Senior Management Personnel, has resigned from Optiemus Infracom effective July 31, 2026. The resignation is attributed to personal reasons. This leadership change occurs as the company targets an aggressive 148% growth rate through its new drone and cover glass manufacturing verticals. While the company has a market cap of ₹5,453 Cr and TTM revenue of ₹1,769 Cr, this departure is currently treated as a routine management update.
- Resignation of the President-New Projects effective from the close of business hours on July 31, 2026.
- The executive was part of the Senior Management team overseeing growth initiatives like the BIGTECH JV.
- Company is currently pursuing a 148% growth strategy in the EMS and Unmanned Systems segments.
- Optiemus Infracom reported a TTM PAT of ₹66 Cr against a market capitalization of ₹5,453 Cr.
Optiemus Infracom has approved the allotment of 5,72,336 equity shares following the conversion of warrants issued in February 2025. The conversion price of Rs 672.25 per share is approximately 11% higher than the current market price of Rs 605.4, signaling strong participant confidence. A significant portion (65.5%) of this allotment was taken by promoter Renu Gupta, who converted 3,75,000 warrants. This transaction infuses Rs 38.48 crore into the company, representing about 0.73% of its current market capitalization.
- Allotment of 572,336 equity shares at a fixed issue price of Rs 672.25 per share.
- Total capital infusion of Rs 38.48 crore resulting from this warrant conversion.
- Promoter Renu Gupta acquired 3,75,000 shares, maintaining significant skin in the game.
- The warrants being converted were originally allotted on February 08, 2025.
- Post-allotment paid-up equity capital increased to Rs 89.26 crore across 8.92 crore shares.
Optiemus Infracom has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document confirms that the Registrar and Share Transfer Agent, Beetal Financial and Computer Services, processed all dematerialization requests for the quarter ended June 30, 2026. The filing verifies that share certificates were mutilated, cancelled, and the depositories' names were substituted in the register of members within the mandated 15-day period. This is a standard administrative procedure with no impact on the company's financial performance or market valuation.
- Compliance certificate issued for the quarter ended June 30, 2026
- Dematerialization requests processed and confirmed within 15 days
- Registrar and Share Transfer Agent confirmed as Beetal Financial and Computer Services Private Limited
- Verification that securities are listed on stock exchanges where earlier securities were listed
Company profilewritten 14 Dec 2025
Financial Performance
Revenue Growth by Segment
Standalone revenue grew 148% YoY in Q2 FY26 to INR 251.36 Cr, driven by higher production volumes. Consolidated revenue for Q2 FY26 was INR 418.27 Cr, a 12% decline YoY due to shipment timing and product-mix changes. Standalone revenue for FY25 was INR 591.53 Cr.
Geographic Revenue Split
Not disclosed in available documents, though the company operates 27 regional branches and has a pan-India distribution network with over 10,000 retail partners.
Profitability Margins
Standalone Net Profit Margin was 5.53% in FY25, down from 6.62% in FY24. Consolidated PAT for Q2 FY26 grew 33% YoY to INR 3.63 Cr, reflecting improved cost discipline despite lower revenue.
EBITDA Margin
Consolidated EBITDA margin expanded to 8.01% in Q2 FY26. Standalone EBITDA for Q2 FY26 grew 117% YoY to INR 8.82 Cr (3.51% margin). FY25 standalone operating profit margin was 4.58%, a 46.95% decrease from 8.64% in FY24 due to revenue shifts.
Capital Expenditure
The company is raising ~INR 434 Cr through preferential equity and warrants to fund equity investment in BIGTECH, partial debt repayment, and working capital for FY26-FY27. INR 145 Cr was already raised as of March 2025.
Credit Rating & Borrowing
Ratings reaffirmed at [ICRA]BBB- (Stable) / [ICRA]A3 in March 2025. The company previously withdrew CARE ratings in 2022 after repaying bank facilities. A corporate guarantee of INR 45 Cr was issued for subsidiary OEL to secure import credit.
Operational Drivers
Raw Materials
Electronic components for assembly, mobile handset parts, and raw materials for cover glass manufacturing (70% of total cost estimated for EMS operations).
Import Sources
China (primary source), with active strategic efforts to identify alternate sourcing markets to reduce dependency.
Key Suppliers
Lianzhou Technologies Co., Ltd (for raw material imports under a USD 45 Cr credit arrangement), Nokia, and Samsung (historical distribution partners).
Capacity Expansion
Setting up a new cover glass manufacturing facility in Tamil Nadu via Bharat Innovative Glass Technologies (BIGTECH). Standalone growth of 148% in Q2 FY26 was driven by recent capacity ramp-ups and new customer wins.
Raw Material Costs
Raw material costs are a significant portion of the INR 571.99 Cr total standalone expenditure in FY25. Procurement strategies include monthly physical stock checks and establishing alternate supplier relationships.
Manufacturing Efficiency
Inventory turnover ratio improved 84.47% to 1151.78 times in FY25 due to a substantial decrease in average inventories, indicating high throughput efficiency.
Logistics & Distribution
Distribution network includes 650+ micro/macro distributors and 10,000+ retail partners. Logistics costs are managed through a pan-India network to support the EMS and distribution segments.
Strategic Growth
Expected Growth Rate
148%
Growth Strategy
Growth is targeted through the expansion of the Electronics Manufacturing Services (EMS) segment, the launch of the BIGTECH cover glass facility in Tamil Nadu, and scaling the Unmanned Systems (drones) division incorporated in June 2024.
Products & Services
Mobile handsets, hearables, wearables, IoT technologies, drones (unmanned systems), and cover glass for electronic devices.
Brand Portfolio
Blackberry (brand rights for 4 countries), Optiemus, and distribution partnerships with Nokia and Samsung.
New Products/Services
Entry into the Unmanned Systems (drones) market via Optiemus Unmanned Systems Private Limited and cover glass manufacturing via BIGTECH JV with Corning.
Market Expansion
Expanding manufacturing footprint in Tamil Nadu and targeting emerging markets where smartphone and 5G adoption remains strong.
Market Share & Ranking
Established position as a leading contract manufacturer in India for electronics, though specific market share percentage is not disclosed.
Strategic Alliances
Joint Venture with Corning International Corporation (30% stake in BIGTECH) for cover glass manufacturing. Partnership with Lianzhou Technologies for raw material sourcing.
External Factors
Industry Trends
The EMS industry is growing due to the 'Make in India' initiative and 5G rollout, but remains characterized by low margins and high competition. The shift toward 'job-work' models is helping improve margins slightly.
Competitive Landscape
Intense competition from other EMS players and OEMs who may shift business; margins are constrained by the presence of numerous players with similar capabilities.
Competitive Moat
Moat is built on a 25-year distribution history, a pan-India service network of 700+ centers, and a strategic JV with Corning for specialized cover glass, which is a higher value-add than simple assembly.
Macro Economic Sensitivity
Highly sensitive to 5G network expansion and consumer demand for high-speed data, which fueled growth in the mobile services segment in FY25.
Consumer Behavior
Increased consumer demand for hearables, wearables, and high-speed 5G-enabled devices is driving the shift in product mix toward IoT technologies.
Geopolitical Risks
Significant risk from dependency on Chinese suppliers; the company is actively developing alternate sourcing markets to mitigate potential trade barriers.
Regulatory & Governance
Industry Regulations
Operations are subject to government regulations on import duties, PLI scheme compliance, and EHS rules. Failure to meet these can lead to operational restrictions.
Environmental Compliance
Strictly follows EHS (Environment, Health, and Safety) benchmarks across all processes; initiatives extend to communities around facility locations.
Taxation Policy Impact
The company adheres to local statutory requirements and evolving regulations related to import duties and taxation, which significantly impact the cost of imported components.
Legal Contingencies
The company maintains a centralized compliance calendar to track regulatory obligations. Specific values for pending court cases are not disclosed in the provided documents.
Risk Analysis
Key Uncertainties
Potential time or cost overruns in the BIGTECH project could weaken the liquidity profile. Revenue concentration in a few OEMs poses a risk of significant revenue volatility.
Geographic Concentration Risk
Heavy reliance on the Indian market for sales and China for procurement; 100% of manufacturing capacity is currently concentrated in India (Noida and Tamil Nadu).
Third Party Dependencies
High dependency on Corning for technology in the cover glass JV and on Chinese vendors for electronic components.
Technology Obsolescence Risk
High risk of inventory obsolescence due to the fast-paced nature of the electronics and smartphone industry; mitigated by monthly stock checks.
Credit & Counterparty Risk
Implements robust credit evaluation processes before onboarding customers to manage liquidity and receivable quality.
