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Last Updated: April 2, 2026, 2:45 am
Author: Getaka|Social: XLinkedIn

Centum Electronics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹523.51Overvalued by 81.73%vs CMP ₹2,866.00

P/E (75.9) × ROE (3.1%) × BV (₹274.00) × DY (0.21%)

₹429.04Overvalued by 85.03%vs CMP ₹2,866.00
MoS: -568% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹667.5028%Over (-76.7%)
Graham NumberEarnings₹101.4720%Over (-96.5%)
Net Asset ValueAssets₹274.7913%Over (-90.4%)
EV/EBITDAEnterprise₹622.1911%Over (-78.3%)
Earnings YieldEarnings₹16.709%Over (-99.4%)
ROCE CapitalReturns₹424.239%Over (-85.2%)
Revenue MultipleRevenue₹783.6710%Over (-72.7%)
Consensus (7 models)₹429.04100%Overvalued
Key Drivers: EPS CAGR 27.5% lifts DCF — verify sustainability. | ROE 3.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 27.5%

*Investments are subject to market risks

Investment Snapshot

50
Centum Electronics Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health36/100 · Weak
ROCE 12.0% AverageROE 3.1% WeakD/E 1.29 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money85/100 · Strong
FII holding up 1.58% (6mo) AccumulatingDII holding up 4.59% MF buyingPromoter holding at 46.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +10% YoY Growing
Industry Rank40/100 · Moderate
P/E 75.9 vs industry 57.9 In-lineROCE 12.0% vs industry 11.2% AverageROE 3.1% vs industry 15.6% Below peers3Y sales CAGR: 14% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Centum Electronics Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 75.9 vs Ind 57.9 | ROCE 12.0% | ROE 3.1% | CFO/NP N/A
Balance Sheet Stress
30/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.29x | IntCov 0.0x | Current 1.09x | Borrow/Reserve 0.54x
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-2 Cr | CFO/NP N/A
Ownership Accumulation
-25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.46 pp | DII +0.66 pp | Prom -0.10 pp
Business Momentum
-9
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +6.3% | Q NP -5.6% | Q OPM -2.2 pp
Derived FieldValueHow it is derived
Valuation Gap %-85.0%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.54xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.46 ppLatest FII% minus previous FII%
DII Change+0.66 ppLatest DII% minus previous DII%
Promoter Change-0.10 ppLatest promoter% minus previous promoter%
Shareholder Count Change-74Latest shareholder count minus previous count
Quarterly Sales Change+6.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-5.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-2.2 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:45 am

Market Cap 4,224 Cr.
Current Price 2,866
Intrinsic Value₹429.04
High / Low 3,067/1,310
Stock P/E75.9
Book Value 274
Dividend Yield0.21 %
ROCE12.0 %
ROE3.14 %
Face Value 10.0
PEG Ratio2.76

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Centum Electronics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Centum Electronics Ltd 4,224 Cr. 2,866 3,067/1,31075.9 2740.21 %12.0 %3.14 % 10.0
Hind Rectifiers Ltd 2,414 Cr. 702 1,054/40046.0 55.40.14 %21.6 %25.7 % 2.00
Cyient DLM Ltd 2,261 Cr. 285 541/26533.4 1230.00 %12.3 %8.23 % 10.0
Dynamatic Technologies Ltd 6,376 Cr. 9,388 11,500/5,437136 1,2060.05 %8.96 %6.21 % 10.0
MIC Electronics Ltd 758 Cr. 31.5 83.0/30.081.6 9.480.00 %8.71 %5.57 % 2.00
Industry Average3,369.78 Cr1,197.2657.90160.650.20%11.17%15.55%7.92

All Competitor Stocks of Centum Electronics Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales 201.10197.12316.28247.52248.22298.19296.90245.51259.83281.34368.74273.40290.62
Expenses 192.85190.79266.10226.39231.07269.30278.76229.98239.55261.98327.19250.68272.72
Operating Profit 8.256.3350.1821.1317.1528.8918.1415.5320.2819.3641.5522.7217.90
OPM % 4.10%3.21%15.87%8.54%6.91%9.69%6.11%6.33%7.81%6.88%11.27%8.31%6.16%
Other Income 0.621.232.671.570.951.07-1.111.281.47-17.008.124.7110.70
Interest 6.556.748.078.099.097.729.747.587.687.899.756.968.45
Depreciation 10.7911.0210.9710.6111.1311.5212.0212.2611.1710.5710.0910.2611.30
Profit before tax -8.47-10.2033.814.00-2.1210.72-4.73-3.032.90-16.1029.8310.218.85
Tax % -19.13%-5.20%23.69%64.00%115.09%32.37%45.67%27.06%110.69%19.88%27.82%56.22%52.20%
Net Profit -6.86-9.6725.791.45-4.567.25-6.90-3.84-0.31-19.3021.534.484.23
EPS in Rs -5.32-7.5020.021.13-3.545.63-5.35-2.98-0.24-14.9614.643.052.88

Last Updated: January 2, 2026, 3:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 5:46 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4254884046927789308838177809231,0911,1551,251
Expenses 3413873546367548487867297108471,0051,0591,135
Operating Profit 8410151562382978870768697116
OPM % 20%21%13%8%3%9%11%11%9%8%8%8%9%
Other Income 1783213756-5272-6-65
Interest 85718223537302627353332
Depreciation 16171723282841454344454439
Profit before tax 62873646-14272319-5212814-20
Tax % 28%31%28%19%7%-1%31%38%2%45%135%114%
Net Profit 44602637-15271612-537-3-2-32
EPS in Rs 27.9034.4920.7426.93-14.7421.9115.4713.32-23.707.621.381.67-21.33
Dividend Payout % 6%9%14%19%-7%23%16%30%-11%53%434%359%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)36.36%-56.67%42.31%-140.54%280.00%-40.74%-25.00%-541.67%113.21%-142.86%33.33%
Change in YoY Net Profit Growth (%)0.00%-93.03%98.97%-182.85%420.54%-320.74%15.74%-516.67%654.87%-256.06%176.19%

Centum Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

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:16%
5 Years:52%
3 Years:79%
1 Year:50%
Return on Equity
10 Years:5%
5 Years:2%
3 Years:0%
Last Year:-3%

Last Updated: September 5, 2025, 1:45 am

Balance Sheet

Last Updated: December 4, 2025, 1:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12131313131313131313131515
Reserves 118156179197177206192210191198190391390
Borrowings 538981279390357372374320308242187211
Other Liabilities 112169188377493515497381396551618647779
Total Liabilities 2954274618651,0731,0911,0749789201,0701,0631,2391,394
Fixed Assets 757272250239205256253239220238217240
CWIP 00211127141119122810151
Investments 0014514124049710800
Other Assets 2203543665597938607666586618128061,0071,153
Total Assets 2954274618651,0731,0911,0749789201,0701,0631,2391,394

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 642868-53-27501098110371202-29
Cash from Investing Activity + -28-18-36-70-31-22-1113-15-10-44-58
Cash from Financing Activity + -2722-259766-33-102-66-81-88-133107
Net Cash Flow 9326-268-4-4287-272519
Free Cash Flow 35829-129-621683568549169-48
CFO/OP 99%54%158%-86%-79%62%129%101%163%93%263%-10%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow31.0012.00-30.00-223.00-367.00-275.00-275.00-286.00-250.00-232.00-156.00-90.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 83839299113108103961171317697
Inventory Days 107185223216295225242205272230220213
Days Payable 6064114144205138183115138185154135
Cash Conversion Cycle 131203202171203195162187251175142175
Working Capital Days 434636-71712-17-5-23-20-67
ROCE %35%36%14%15%1%10%12%8%6%8%10%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.80%58.80%58.80%58.79%58.79%58.75%58.75%58.75%51.52%51.52%46.99%46.89%
FIIs 0.08%0.11%0.48%0.38%0.37%0.37%0.38%1.03%0.81%1.93%2.85%2.39%
DIIs 6.34%7.66%7.93%7.25%7.69%8.13%8.53%8.06%15.36%15.69%19.29%19.95%
Public 34.78%33.42%32.78%33.57%33.15%32.76%32.35%32.16%32.31%30.86%30.85%30.78%
No. of Shareholders 10,24912,64725,92825,46623,49724,01323,41518,25518,15020,45526,91726,843

Shareholding Pattern Chart

No. of Shareholders

Centum Electronics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Defence Fund 706,497 2.11 164.22606,4972026-02-23 00:07:5616.49%
HDFC Manufacturing Fund 341,011 0.77 79.26N/AN/AN/A
HDFC Multi Cap Fund 261,327 0.32 60.74377,0002026-02-23 00:07:56-30.68%
HDFC Infrastructure Fund 99,411 0.98 23.11N/AN/AN/A
Bandhan Infrastructure Fund 89,279 1.45 20.7590,5472026-01-25 06:47:40-1.4%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 1.891.387.62-23.7013.31
Diluted EPS (Rs.) 1.891.387.55-23.7013.30
Cash EPS (Rs.) 28.6632.9938.24-4.4245.33
Book Value[Excl.RevalReserv]/Share (Rs.) 275.53152.63158.37154.07186.36
Book Value[Incl.RevalReserv]/Share (Rs.) 275.53152.63158.37154.07186.36
Revenue From Operations / Share (Rs.) 787.41848.11717.96607.88635.92
PBDIT / Share (Rs.) 71.6871.9063.6963.8573.98
PBIT / Share (Rs.) 41.7036.7729.6730.3238.82
PBT / Share (Rs.) 9.256.118.45-36.9615.91
Net Profit / Share (Rs.) -1.31-2.144.23-37.9410.17
NP After MI And SOA / Share (Rs.) 1.671.387.62-23.7013.31
PBDIT Margin (%) 9.108.478.8710.5011.63
PBIT Margin (%) 5.294.334.134.986.10
PBT Margin (%) 1.170.721.17-6.082.50
Net Profit Margin (%) -0.16-0.250.58-6.241.59
NP After MI And SOA Margin (%) 0.210.161.06-3.892.09
Return on Networth / Equity (%) 0.600.874.65-14.977.69
Return on Capital Employeed (%) 13.5013.2211.6311.6212.18
Return On Assets (%) 0.190.160.91-3.301.74
Long Term Debt / Equity (X) 0.050.210.270.390.48
Total Debt / Equity (X) 0.350.851.251.341.29
Asset Turnover Ratio (%) 1.011.020.610.450.52
Current Ratio (X) 1.191.080.991.021.09
Quick Ratio (X) 0.750.620.640.630.74
Inventory Turnover Ratio (X) 3.481.881.381.051.14
Dividend Payout Ratio (NP) (%) 157.53508.2232.81-8.4333.79
Dividend Payout Ratio (CP) (%) 8.3119.176.0020.379.28
Earning Retention Ratio (%) -57.53-408.2267.19108.4366.21
Cash Earning Retention Ratio (%) 91.6980.8394.0079.6390.72
Interest Coverage Ratio (X) 3.202.683.003.123.23
Interest Coverage Ratio (Post Tax) (X) 1.391.061.201.441.44
Enterprise Value (Cr.) 2348.242260.161124.81784.22733.16
EV / Net Operating Revenue (X) 2.032.071.221.000.89
EV / EBITDA (X) 22.2824.3913.719.537.69
MarketCap / Net Operating Revenue (X) 2.021.980.980.730.59
Retention Ratios (%) -57.53-408.2267.18108.4366.20
Price / BV (X) 5.7810.654.322.822.19
Price / Net Operating Revenue (X) 2.021.980.980.730.59
EarningsYield 0.000.000.01-0.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Centum Electronics Ltd. is a Public Limited Listed company incorporated on 08/01/1993 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1993PLC013869 and registration number is 013869. Currently Company is involved in the business activities of Manufacture of bare printed circuit boards, loading of components onto printed circuit boards; manufacture of interface cards (e.g. sound, video, controllers, network, modems). Company's Total Operating Revenue is Rs. 752.35 Cr. and Equity Capital is Rs. 14.71 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Electronics - Equipment/ComponentsNo. 44, KHB Industrial Area, Yelahanka New Town, Bengaluru Karnataka 560106Contact not found
Management
NamePosition Held
Mr. Apparao V MallavarapuChairman & Managing Director
Mr. Nikhil MallavarapuJoint Managing Director
Ms. V Kavitha DuttIndependent Director
Mr. Pranav Kumar N PatelIndependent Director
Mr. Thiruvengadam ParthasarathiIndependent Director
Mr. Rajiv Chandrakant ModyIndependent Director
Mr. Manoj NagrathIndependent Director
Mr. Tarun SawhneyIndependent Director
Ms. Tanya MallavarapuNon Executive Director
Dr. Udayant MalhoutraIndependent Director

FAQ

What is the intrinsic value of Centum Electronics Ltd and is it undervalued?

As of 05 April 2026, Centum Electronics Ltd's intrinsic value is ₹429.04, which is 85.03% lower than the current market price of ₹2,866.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.14 %), book value (₹274), dividend yield (0.21 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Centum Electronics Ltd?

Centum Electronics Ltd is trading at ₹2,866.00 as of 05 April 2026, with a FY2026-2027 high of ₹3,067 and low of ₹1,310. The stock is currently near its 52-week high. Market cap stands at ₹4,224 Cr..

How does Centum Electronics Ltd's P/E ratio compare to its industry?

Centum Electronics Ltd has a P/E ratio of 75.9, which is above the industry average of 57.90. The premium over industry average may reflect growth expectations or speculative interest.

Is Centum Electronics Ltd financially healthy?

Key indicators for Centum Electronics Ltd: ROCE of 12.0 % is moderate; ROE of 3.14 % is below ideal levels (industry average: 15.55%). Dividend yield is 0.21 %.

Is Centum Electronics Ltd profitable and how is the profit trend?

Centum Electronics Ltd reported a net profit of ₹-2 Cr in Mar 2025 on revenue of ₹1,155 Cr. Compared to ₹-53 Cr in Mar 2022, the net profit shows a mixed trend.

Does Centum Electronics Ltd pay dividends?

Centum Electronics Ltd has a dividend yield of 0.21 % at the current price of ₹2,866.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Centum Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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