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Data Patterns and Centum Electronics Ride India’s Avionics Boom
Aircraft use many electronic systems to help pilots fly and communicate.
The article says this market is growing in India.
Data Patterns makes defence and aircraft electronics, and its order book includes avionics work.
Centum Electronics makes and builds electronics for aerospace and other industries.
It has a large order book, including work on a helicopter radar system.
Some orders are for development, so they may take time to become regular production and revenue.
Data Patterns reported a net debt-free balance sheet, while Centum still had borrowings.
The article notes that both stocks have risen strongly, and their future performance depends on delivering the work they have won.
India’s avionics market was valued at $777.3 million in 2025 and is projected to reach $1.34 billion by 2030.
Data Patterns reported a ₹927.7 crore order book at June 30, 2026, with avionics making up 20.9%.
Centum Electronics reported a ₹1,797.2 crore standalone order book, up 31% year-on-year, and a 40% rise in its BTS order book.
Both companies face risks from qualification delays and the gap between development work and serial production.
As of October 8, 2026, the article reported one-year share returns of 46.5% for Data Patterns and 59% for Centum.
- Who
- Data Patterns (India) Ltd and Centum Electronics.
- What
- The article compares their avionics and aerospace electronics businesses, order books, financial performance and investment risks.
- Where
- India, with both companies also serving international aerospace markets.
- When
- The article includes Q1FY27 results and share prices as of October 8, 2026.
- Why
- India’s avionics market is projected to grow, creating potential opportunities for electronics suppliers.
Growth opportunity
Execution and valuation risks
Market growth and orders
Growth opportunity
India’s avionics market is projected to expand, and both companies have substantial order books and exposure to aerospace or defence programmes.
Execution and valuation risks
Development orders may take years to qualify and move into production, so order-book totals do not guarantee near-term revenue.
Financial position and earnings
Growth opportunity
Data Patterns was net debt-free, while Centum’s growing BTS business could improve its earnings mix if execution continues.
Execution and valuation risks
Centum had ₹122 crore of standalone borrowings at FY26-end, and its reported consolidated Q1FY27 profit included a ₹94.3 crore deconsolidation gain.
Share-price outlook
Growth opportunity
The article reports strong one-year returns and cites an ICICI Securities target price of ₹5,900 for Centum.
Execution and valuation risks
Both stocks had high reported price-to-earnings multiples; the article says Data Patterns traded above Motilal Oswal’s ₹4,000 target and warns that missed execution milestones could weigh on share prices.
Key facts
- India avionics market
- $777.3 million in 2025; projected to reach $1.34 billion by 2030.
- Data Patterns order book
- ₹927.7 crore as of June 30, 2026; avionics accounted for 20.9%.
- Data Patterns Q1FY27 revenue
- ₹116 crore; avionics accounted for 41.3%.
- Centum standalone order book
- ₹1,797.2 crore at the end of Q1FY27, up 31% year-on-year.
- Centum BTS order book
- Up 40% year-on-year.
- Centum HAL radar programme
- A ₹66 crore Phase-I development order, with a potential Phase-II opportunity of around ₹500 crore subject to a later serial-production order.
- Share returns reported
- One-year returns were 46.5% for Data Patterns and 59% for Centum Electronics.
- Share prices reported
- On October 8, 2026, Data Patterns was ₹4,174 and Centum Electronics was ₹4,157.50.
Sources
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