Investor Presentation

Here's a concise, retail-friendly summary: **Business Performance:** Centum Electronics, a key player in Defence & High-Reliability Electronics, posted Q1-FY27 operational revenue of ₹204.8 Cr (11.28% EBITDA margin, ₹13.5 Cr PAT). It shows strong growth, achieving a 25% 3-year revenue CAGR through FY26. EMS drives 72% of revenue, with BTS contributing 28%. The total order book is robust at ₹1,797.2 Cr. **Growth Drivers / Strategy:** Growth is fueled by India's strategic indigenisation, global supply chain diversification (China+1), and government incentives.

Centum is shifting from sub-systems to full system integration for Defence & Space (e.g., Radar, Satellite Constellations, Avionics) and expanding EMS into new tech like Semiconductor Equipment and EV. **Recent Developments:** Key wins include a ₹66 Cr Phase 1 HAL order for AESA Radar (potential ₹500 Cr Phase 2), an MoU with BEL for EW/Radar systems, and a ₹29.4 Cr GRSE order for naval navigation.

The company also has customer indications for a ~₹350 Cr three-satellite constellation. **Key Financial Metrics & Outlook:** FY26 revenue was ₹973.1 Cr, with a strong 21.32% ROCE and low 0.28x Debt to Equity.

Management sees profitable growth ahead, leveraging their "dual engine" model: EMS generates cash (9-10% margins) to fund higher-margin BTS (18-20%+ margins), driving long-term value.

Centum is evolving into a full system solution provider.