Consumer Electronics industry
24 companies · ₹1.9 L cr · 6 with AI deep dives · Q1FY27 report
Revenue at panel peak but EBITDA margin hits 8-quarter low as commodity inflation and PLI expiry hit profits.
- Revenue YoY
- +21.9%
- EBITDA margin
- 4.5%
- -110bps YoY
- Price, 1 year
- +2.5%
- 75% of names up
- P/E vs own 5y
- -31.8%
- 46.5x now
Exhibit 1The quarter in numbers
constant panel of 6 companies above ₹500 cr- Jun 26
- 24,457 cr
- Mar 26
- 19,246 cr
- QoQ
- +27.1%
- Jun 25
- 20,061 cr
- YoY
- +21.9%
- Peak
- 24,457 cr
- vs peak
- 0.0%
- Jun 26
- 4.5%
- Mar 26
- 6.6%
- QoQ
- -210bps
- Jun 25
- 5.6%
- YoY
- -110bps
- Peak
- 7.4%
- vs peak
- -290bps
Breadth: 100% of 6 companies grew revenue year on year (was 67% a quarter earlier) and 33% expanded margin (was 33%).
Exhibit 2What it costs
37.2x - 58.9x across the panel todayThe median name trades at 46.5x, -31.8% against this industry's own 5-year median of 68.3x, and -45.0% against its own peak of 84.7x.
Exhibit 3Structure
₹1.9 L crDixon Technologies (India) Ltd is 47.4% of this industry by market cap. The top 5 are 97.5% and the top 10 are 99%.
Exhibit 4Screen
P/E below the sub-industry median of 46.55x, 5y ROCE above its median of 20.26%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (24 of 24)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹82,454 cr
- P/E
- 43.7x
- EV/EBITDA
- 32.1x
- ROCE
- 33.8%
- Margin
- 5.2%
- Rev YoY
- +21.1%
- Mcap
- ₹418 cr
- P/E
- 72.4x
- EV/EBITDA
- 23.3x
- ROCE
- 5.6%
- Margin
- 10.6%
- Rev YoY
- +17.9%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Four companies independently flagged sharp input-cost escalation as the principal margin headwind in Q1 FY27. Memory prices surged, pushing Dixon's material cost to 94.2% of…
- DIXON (Q1FY27): “Sharp price spikes in core input components exerted temporary cost pressures... cost of…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
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