Archive · 1 Oct 2025
Jefferies Shares Ratings on Amber, Kaynes, Dixon, and Syrma SGS
A financial firm called Jefferies looked at several Indian companies that make electronics, like Amber and Syrma SGS.
They shared their opinions on how well these companies are doing.
These companies are investing in making parts for electronics like circuit boards, which is a growing industry in India.
Jefferies thinks that Amber, Kaynes Tech, and Syrma SGS are good investments, but they are cautious on Dixon.
The Indian government is helping this industry by offering incentives and putting taxes on imported products, which could benefit the companies.
These companies are investing heavily in new facilities to compete with the global market.
Jefferies issued stock ratings for Amber, Kaynes Tech, Dixon, and Syrma SGS in India's EMS sector.
Amber and Syrma SGS have applied for PCB manufacturing under the government's ECMS.
Dixon Technologies is expanding into camera/display modules and lithium-ion batteries.
Jefferies estimates significant capex spending for EMS companies in FY26-28.
The government imposed a 30% anti-dumping duty on PCBs, creating opportunities for domestic players.
- Who
- Jefferies analysts
- What
- Shared stock ratings and insights on Indian EMS companies, focusing on their PCB and related manufacturing plans and performance.
- When
- Recent assessment
- Where
- India
- Why
- To provide investment recommendations based on analysis of the electronics manufacturing sector
- Companies Covered
- Amber, Kaynes Tech, Dixon, Syrma SGS
- Jefferies Ratings
- Amber (Buy), Syrma SGS (Buy), Kaynes Tech (Buy), Dixon (Hold)
- PCB Industry Size (India)
- $5 billion
- Amber ECMS Applications
- Rs 4,200 crore
- Amber's Electronics Div. Contribution (FY28)
- Over 30% of sales
- Syrma SGS JV for PCB Manufacturing
- With Shinhyup Electronics (Korea)