Centum Electronics Ltd
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]
- Market Cap ₹ 3,891 Cr.
- Current Price ₹ 2,647
- High / Low ₹ 3,046 / 1,140
- Stock P/E 207
- Book Value ₹ 276
- Dividend Yield 0.23 %
- ROCE 12.0 %
- ROE -3.14 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has been maintaining a healthy dividend payout of 282%
Cons
- Stock is trading at 9.61 times its book value
- The company has delivered a poor sales growth of 5.52% over past five years.
- Company has a low return on equity of -0.39% over last 3 years.
- Promoter holding has decreased over last 3 years: -7.28%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Manufacturing Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 425 | 488 | 404 | 692 | 778 | 930 | 883 | 817 | 780 | 923 | 1,091 | 1,155 | 1,183 | |
| 341 | 387 | 354 | 636 | 754 | 848 | 786 | 729 | 710 | 847 | 1,005 | 1,059 | 1,079 | |
| Operating Profit | 84 | 101 | 51 | 56 | 23 | 82 | 97 | 88 | 70 | 76 | 86 | 97 | 104 |
| OPM % | 20% | 21% | 13% | 8% | 3% | 9% | 11% | 11% | 9% | 8% | 8% | 8% | 9% |
| 1 | 7 | 8 | 32 | 13 | 7 | 5 | 6 | -52 | 7 | 2 | -6 | -3 | |
| Interest | 8 | 5 | 7 | 18 | 22 | 35 | 37 | 30 | 26 | 27 | 35 | 33 | 32 |
| Depreciation | 16 | 17 | 17 | 23 | 28 | 28 | 41 | 45 | 43 | 44 | 45 | 44 | 42 |
| Profit before tax | 62 | 87 | 36 | 46 | -14 | 27 | 23 | 19 | -52 | 12 | 8 | 14 | 27 |
| Tax % | 28% | 31% | 28% | 19% | 7% | -1% | 31% | 38% | 2% | 45% | 135% | 114% | |
| 44 | 60 | 26 | 37 | -15 | 27 | 16 | 12 | -53 | 7 | -3 | -2 | 6 | |
| EPS in Rs | 27.90 | 34.49 | 20.74 | 26.93 | -14.74 | 21.91 | 15.47 | 13.32 | -23.70 | 7.62 | 1.38 | 1.67 | 2.49 |
| Dividend Payout % | 6% | 9% | 14% | 19% | -7% | 23% | 16% | 30% | -11% | 53% | 434% | 359% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 6% |
| 3 Years: | 14% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 378% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 51% |
| 3 Years: | 74% |
| 1 Year: | 51% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 2% |
| 3 Years: | 0% |
| Last Year: | -3% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 12 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 13 | 15 |
| Reserves | 118 | 156 | 179 | 197 | 177 | 206 | 192 | 210 | 191 | 198 | 190 | 391 |
| 53 | 89 | 81 | 279 | 390 | 357 | 372 | 374 | 320 | 308 | 242 | 187 | |
| 112 | 169 | 188 | 377 | 493 | 515 | 497 | 381 | 396 | 551 | 618 | 647 | |
| Total Liabilities | 295 | 427 | 461 | 865 | 1,073 | 1,091 | 1,074 | 978 | 920 | 1,070 | 1,063 | 1,239 |
| 75 | 72 | 72 | 250 | 239 | 205 | 256 | 253 | 239 | 220 | 238 | 217 | |
| CWIP | 0 | 0 | 21 | 11 | 27 | 14 | 11 | 19 | 12 | 28 | 10 | 15 |
| Investments | 0 | 0 | 1 | 45 | 14 | 12 | 40 | 49 | 7 | 10 | 8 | 0 |
| 220 | 354 | 366 | 559 | 793 | 860 | 766 | 658 | 661 | 812 | 806 | 1,007 | |
| Total Assets | 295 | 427 | 461 | 865 | 1,073 | 1,091 | 1,074 | 978 | 920 | 1,070 | 1,063 | 1,239 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 28 | 68 | -53 | -27 | 50 | 109 | 81 | 103 | 71 | 202 | -29 | |
| -28 | -18 | -36 | -70 | -31 | -22 | -11 | 13 | -15 | -10 | -44 | -58 | |
| -27 | 22 | -25 | 97 | 66 | -33 | -102 | -66 | -81 | -88 | -133 | 107 | |
| Net Cash Flow | 9 | 32 | 6 | -26 | 8 | -4 | -4 | 28 | 7 | -27 | 25 | 19 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 83 | 83 | 92 | 99 | 113 | 108 | 103 | 96 | 117 | 131 | 76 | 97 |
| Inventory Days | 107 | 185 | 223 | 216 | 295 | 225 | 242 | 205 | 272 | 230 | 220 | 213 |
| Days Payable | 60 | 64 | 114 | 144 | 205 | 138 | 183 | 115 | 138 | 185 | 154 | 135 |
| Cash Conversion Cycle | 131 | 203 | 202 | 171 | 203 | 195 | 162 | 187 | 251 | 175 | 142 | 175 |
| Working Capital Days | 43 | 46 | 36 | -7 | 17 | 12 | -17 | -5 | -23 | -20 | -6 | 7 |
| ROCE % | 35% | 36% | 14% | 15% | 1% | 10% | 12% | 8% | 6% | 8% | 10% | 12% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Investor Presentation 11 Sep
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Sep - The officials of the Company, will be meeting Institutional Investors/Analysts Group on Friday, 12th September, 2025. No Unpublished Price Sensitive Information (UPSI) is intended to …
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Announcement under Regulation 30 (LODR)-Change in Management
30 Aug - CFO K S Desikan retires Aug 31, 2025; Sundararajan Parthasarathy appointed CFO effective Sep 1, 2025.
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Announcement under Regulation 30 (LODR)-Credit Rating
20 Aug - CareEdge upgraded Centum long-term rating to CARE BBB/Positive for Rs433.13 crore facilities; QIP improved capital structure.
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Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Disclosure On Memorandum Of Understanding (Mou) With Bharat Electronics Limited (BEL)
20 Aug - Centum signed non-binding MoU with Bharat Electronics on Aug 20, 2025 for EW, radar, secure military communications.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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Sep 2025TranscriptNotesPPT
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Business Segments
a) Engineering R&D (ER&D) Services (22% of Q2FY25 revenue):[1]
The division specializes in designing and certifying electronic hardware, embedded software, and RF products, leveraging over 650 global design engineers for mission-critical applications.