Optiemus Infracom Ltd(OPTIEMUS)

NSE: OPTIEMUSBSE: 530135

₹ 682.95-5.68%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 6,158 crWebsite: www.optiemus.comUpdated: 24 Oct 2026

About

Optiemus Infracom Ltd is an Indian electronics manufacturing services (EMS) company and telecom product distributor, operating through a wholly owned EMS subsidiary (Optiemus Electronics Limited), a telecom/networking manufacturer (GDN Enterprises), a drone subsidiary, and a 70:30 cover-glass joint venture with Corning. In FY26 the group reported consolidated revenue of ₹1,768.62 cr, with manufacturing contributing 59.7% and trading & distribution 40.3%. The company holds PLI scheme approvals for mobile phones, IT hardware, and telecom & networking products under MeitY and DoT.^[1][2][3]

Business segments

Manufacturing Business contributed 59.7% of FY26 consolidated revenue (₹1,119.12 cr), with EBIT of ₹45.72 cr and EBIT margin of 4.1%.^[2]
Trading & Distribution contributed 40.3% of FY26 consolidated revenue (₹755.94 cr), with EBIT of ₹27.64 cr and EBIT margin of 3.7%.^[2]
Standalone entity is engaged in wholesale trading of telecom and allied products, which accounted for 99.98% of standalone turnover in FY26.^[3]

Subsidiaries and joint ventures

Optiemus Electronics Limited (OEL), wholly owned, is the EMS arm covering mobile phones, IT hardware, hearables, wearables, IoT devices, telecom products and consumer electronics.^[3]
GDN Enterprises Private Limited, wholly owned, manufactures telecom and networking products and holds PLI approval for the Telecom and Networking Products scheme.^[3]
Bharat Innovative Glass Technologies (BIG Tech) is a 70:30 JV with Corning International Corporation, set up to manufacture finished cover glass for smartphones and tablets in Tamil Nadu.^[3][4]
Optiemus Unmanned Systems Private Limited (OUS), wholly owned, launched indigenous drone solutions for defence, homeland security, surveillance and industrial applications in FY26.^[3]

Manufacturing capacity and operations

OEL commissioned Noida Unit 3 in Q1 FY27, adding 6 million units of installed capacity per annum, described as a quarter ahead of guidance.^[5]
Standalone entity operates from 4 national offices across 7 states with no manufacturing plants and no international offices as of FY26.^[3]
BIG Tech cover-glass facility in Tamil Nadu was inaugurated on 5 December 2025, with sampling and trial production completed; formal OEM plant audits and technical trials by leading global brands are in progress as of Q1 FY27.^[6][5]
RhinoTech screen-protector manufacturing facility, India's first chemically tempered glass plant using Corning-engineered glass, was inaugurated on 30 August 2025.^[7]

Key operating metrics

AI+ smartphone EMS program generated ~₹500+ cr in Q1 FY27, described as the largest single-program ramp in OEL's history; billing began March/April 2026.^[5]
Consolidated EBITDA margin was 4.7% in Q1 FY27, down from 6.8% in Q1 FY26 (-210 bps), due to revenue mix shift toward high-volume mobile manufacturing.^[5]
Full-year FY26 consolidated EBITDA margin improved 98 bps YoY to 7.81% from 6.83% in FY25, despite a 6.4% revenue decline.^[4]
Other Income of ₹1,091 lakhs in Q1 FY27 was primarily driven by government policy incentives, expected to recur.^[5]
Core operating PAT (excluding drone and cover-glass incubation expenses of ₹245 lakhs) was ₹2,363 lakhs in Q1 FY27.^[5]

Customers and EMS partnerships

OEL holds manufacturing agreements with Ai+ (Nxtquantum Shift Technologies), OnePlus, Realme, PhonePe (Soundbox), Mosambee/Pine Labs (POS devices), Accton (telecom hardware), and Quectel (IoT modules) as of FY26.^[3][4]
OEL collaborated with Realme to manufacture AIoT products including earphones, smartwatches and tablets in India, and with OnePlus for premium IoT devices beginning with the Bullets Wireless Z3.^[3]
Company serves domestic customers through direct sales and a dealer distribution network; the standalone entity has no international offices.^[3]
RhinoTech screen protectors (Engineered by Corning) were exhibited at CES 2026 in Las Vegas, targeting global export markets.^[6]

Expansion and new programs

FY27 consolidated revenue target is ~₹3,600 cr (approximately 2x FY26); FY29 target is ₹6,000 cr, excluding screen protector, cover glass and new B2C launch.^[5]
Three group subsidiaries - Optiemus Display Technology, Optiemus Micro Electronics, and Optiemus Vision Technology - filed PLI applications under MeitY's Electronic Component Manufacturing Scheme for display modules, enclosures, and heat sinks/connectors/SFPs respectively.^[7]
Cabinet-approved PLI 2.0 scheme of ₹62,500 cr (FY27 - FY31) offers up to 9.5% stackable incentives for Indian brands; Optiemus positions itself as a first mover through the AI+ partnership.^[5]
BIG Tech cover-glass customer onboarding is expected over the next 3 - 4 quarters from Q1 FY27 (i.e., Q4 FY27/Q1 FY28).^[5]
A second B2C consumer category launch is scheduled for Q3 FY27, with manufacturing and distribution already in place.^[5]

Recent developments

On 22 September 2026, Optiemus Infracom signed a binding term sheet with Nothing Electronics Private Limited to establish a JV for CMF products (including mobile phones), with Optiemus acquiring an initial 51.1% equity stake.^[8]
In Q4 FY26, the company exited brand partnerships with inconsistent forecasting, which reduced FY26 consolidated revenue by 6.4% YoY to ₹1,76,862 lakhs but improved EBITDA margin to 7.81%.^[4]
PhonePe Soundbox production was temporarily deferred as of Q4 FY26 due to a memory-chip shortage at the customer's end; no revised timeline was given.^[4]
BIS/CRO mandatory certification for screen protectors is expected to be notified by January 2027, which would restrict grey-market imports and create a protected domestic market for compliant manufacturers.^[5]

Market Cap

₹6,158 Cr

High / Low

₹926 / 290

Stock P/E

83.3

Price / Book

7.8

Book Value

₹88

EPS

₹7.4

No. of Shares

8.87 Cr

ROCE

10.9%

ROE

9.2%

OPM

5.5%

Debt / Equity

0.39

Sales

₹1,769 Cr

Net Profit

₹66 Cr

Promoter holding

71.1%

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Optiemus Infracom Ltd(OPTIEMUS)

About

Business segments

Subsidiaries and joint ventures

Manufacturing capacity and operations

Key operating metrics

Customers and EMS partnerships

Expansion and new programs

Recent developments

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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