Electronics manufacturing companies continue to witness rapid growth, backed by strong management guidance and expanding market opportunities. Here are three electronics manufacturing stocks (EMS) with solid growth projections for FY25.
Kaynes Technology India Limited
Kaynes Technology is an integrated electronics manufacturer serving sectors such as automotive, aerospace, and medical electronics. The company has outlined a robust plan for FY25, targeting revenues of Rs.30,000 million and an EBITDA margin of 15%. Management is confident of hitting $1 billion in consolidated revenue by FY28, with 70-75% expected to come from the EMS business.
Exports are also projected to account for 20-25% of total revenue by FY25-26. Further, Kaynes Technology is investing Rs.40 crore in research and development for the Kavach system, an anti-collision device for the railway sector, which is expected to launch in early FY25-26.
As of this week, the company’s market capitalisation stood at Rs.33,985 crore, with its share price opening at Rs.5,310. Kaynes plans to expand into new verticals to further boost revenue and profitability, positioning itself as a fully integrated electronics player.
Dixon Technologies Limited
Dixon Technologies continues its upward trajectory, reporting a 101.1% revenue increase to Rs.6,580 crore in the latest quarter, while net profits jumped 109% to Rs.140 crore. The company, a leading EMS provider in India, offers solutions across a range of categories, including consumer electronics, home appliances, and IT hardware. Dixon has projected revenue of Rs.3,500 crore for FY25, aiming to reach Rs.48,000 crore in the IT hardware segment over the next six years.
The mobile segment is emerging as a major growth driver for Dixon, with expectations that it will contribute 70% of revenue for FY24-25. The company is also negotiating server contracts with global OEMs, further strengthening its market position. Dixon’s market capitalisation currently stands at Rs.83,713 crore, with its share price opening at Rs.13,999.
PG Electroplast Limited
PG Electroplast is another key player in the EMS sector, focusing on consumer electronics and appliances. The company projects operating revenue of Rs.4,000 crore for FY25, reflecting a 46% increase from FY24. PG Electroplast anticipates consolidated net profit of Rs.200 crore, up from Rs.137 crore in FY24.
The company is also planning major expansions, including increasing air conditioner capacity in Rajasthan and boosting washing machine production in Greater Noida. PG Electroplast’s market capitalisation stands at Rs.16,083 crore, with its share price opening at Rs.616.75.
These companies demonstrate strong growth potential, driven by clear management guidance and expanding market opportunities.
