Archive · 5 Sep 2025
India's EMS Sector Poised for Growth; Three Stocks to Watch
India's electronics manufacturing sector is expected to grow rapidly.
Several companies, including Cyient DLM, Avalon Technologies, and Syrma SGS, are key players in this growth.
Cyient DLM focuses on design and manufacturing, while Avalon Technologies provides complete EMS solutions.
Syrma SGS specializes in high-mix manufacturing.
The industry is supported by strong government policies and shifts in global supply chains.
Investors should carefully consider fundamentals before investing.
India's EMS sector is projected to grow at 30% annually until FY28.
Cyient DLM is focusing on a dual manufacturing approach and acquisitions.
Avalon Technologies provides end-to-end EMS solutions and expanding in India and the US.
Syrma SGS is targeting growth in high-margin sectors.
The industry is adopting Industry 4.0 technologies for improved efficiency.
- Who
- Cyient DLM, Avalon Technologies, Syrma SGS
- What
- Electronics Manufacturing Services (EMS)
- When
- FY28
- Where
- India
- Why
- Due to rising electronics consumption, government support, and supply chain shifts.
- Industry Growth Forecast
- 30% CAGR until FY28
- Key Companies
- Cyient DLM, Avalon Technologies, Syrma SGS Technology
- Cyient DLM Focus
- Dual manufacturing footprint
- Avalon Tech Focus
- India and US markets
- Syrma SGS Focus
- High-margin sectors
- Syrma SGS Q1FY26 Revenue
- ₹9,440 million
- Avalon Technologies Q1FY26 Sales
- ₹3,233 million
- Cyient DLM Q1FY26 Revenue
- ₹2,784 million
