Defence Electronics Company Bags Rs 109.58 Crore Order from DRDO for Intersatellite Link and Other Payload Subsystems, DIIs Increased Stake!

The company’s shares have delivered an impressive return of around 245 per cent to its shareholders in the past 2 years only.

Founded in 1993, Centum Electronics Ltd is one of the largest Electronics System Design and Manufacturing (ESDM) companies in India. It provides a full spectrum of design services and manufacturing for mission-critical products across Defence, Space, Aerospace, Industrial, Transportation, and medical sectors.

The company has received an order from the Defence Research and Development Organisation (DRDO) for Intersatellite Link and other payload subsystems. The order is to be executed within 16 months and is valued at Rs 109.58 crore (excluding taxes).

On Friday, the shares of Centum Electronics Ltd are at around Rs 1704.30 per share on the BSE. The company’s current market capitalization stands at Rs 2198 crore. Additionally, the shares have delivered an impressive return of around 245 per cent in the past 2 years.

As per the Quarterly Results, in the Q1 FY25, Centum Electronics Ltd recorded a revenue of Rs 245.86 crore compared to Rs 247.52 crore. The operating profit stood at Rs 15.53 crore. The net loss stood at Rs 3.84 crore compared to a profit of Rs 1.42 crore. Looking at the annual performance, the company generated a revenue of Rs 1091 crore in FY24. The operating profit for FY24 was Rs 86 crore with a net loss of Rs 3 crore compared to a net profit of Rs 7 crore in FY23.

According to the company's shareholding pattern, the promoters hold a significant 58.75 per cent stake. Public investors own 32.76 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 0.37 per cent and Domestic Institutional Investors (DIIs) own 8.13 per cent.

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Disclaimer: The article is for informational purposes only and not investment advice.