May 2026
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Largest Electronic Components Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Ola Electric, Astra Microwave Prods, Centum Electronics, DCX System and RIR Power Electronics.
 | Ola Electric Mobility Ltd is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The company manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future. | $0 | -28% | $2B | $2B | 7.4x | (21.3x) | ||
| Astra Microwave Products Ltd is engaged in designing and manufacturing radio frequency (RF) and microwave super components and sub-systems finding applications in defense, space, telecom, meteorology, and civil communication systems. The principal activity of the company is to carry on the business to manufacture, produce, assemble, repair, maintain, importing, export, buy, sell, or otherwise deal in all kinds of electronic items and components. | $13 | +9% | $1B | $1B | 10.1x | 39.6x | ||
| Centum Electronics Ltd designs, manufactures, and exports electronic products. It also provides design services to its customers, and these include systems, subsystems, modules, and complex electronic components. It provides mission-critical services and solutions to customers engaged in the Defence, Aerospace, Space, Medical, Transportation, and Industrial segments. The company's only operating segment is Electronic System Design and Manufacturing. Its geographical segments include India, its key revenue-generating market; Europe and the UK; North America; and the Rest of the world. | $33 | -- | $489M | $489M | 4.9x | 27.0x | ||
| DCX System Ltd is an Indian Defence Manufacturing player offering a full service and manufacture of Electronic Systems and cable harnesses for both International and Domestic reputed customers. The company provides a spectrum of services to Aerospace, Land and Naval Defence systems, Satellites, and Civil Aviation. The company’s robust business structure is divided into three main segments: Manufacturing, System Integration, and Other. | $2 | -33% | $246M | $155M | 1.2x | 18.1x | ||
| RIR Power Electronics Ltd is an India-based Manufacturing Industry company. The company is engaged in the manufacturing of Semiconductor devices like Diodes, Thyristors, Power Modules, Bridge Rectifiers, and high-power equipment like high-current rectifiers, Battery Chargers, Rectifier Panels, high-power stacks, and Assembly. Its products are used for Industrial applications in diverse sectors such as Railways, Induction furnaces, Electricity and Power Generation, Engineering, and others. | $2 | -22% | $151M | $148M | 16.4x | 108.5x | ||
| MIC Electronics Ltd designs, develops, and manufactures light-emitting diode (LED) video displays, and other electronic components. The operating segments of the group are LED products; Medical appliances and E Vehicles. Its products include LED lighting, LED displays, Oxygen concentrators, and Batteries. The company predominantly operates in India. | $0 | -27% | $110M | $114M | 5.7x | 41.2x | ||
| Danlaw Technologies India Ltd provides engineering, software development consulting services, and Industrial electronics to the Automotive and aerospace industries. Its products include the DataLogger device, Telematics product, Body control products, and Testing products. The company generates revenue from the sale of products and services, where the majority of its revenue is from the sale of products. | $8 | -18% | $41M | $42M | 1.8x | 12.2x | ||
| Accel Ltd mainly offers turnkey Information Technology services, helping its customers with digital transformation. It offers a wide range of services that include IT Infrastructure Management services, Warranty Management Services, Software Integration, Network design and implementation, Managed Print Services, Cybersecurity, and Software Services, among others, with its presence in both domestic and international markets. Along with its subsidiaries, the company is also engaged in Animation, Engineering, Real Estate, and Academic businesses. The group's operating segments are IT Services, which generate maximum revenue, Media Services, and Realty. Geographically, the group derives maximum revenue from its business in India, and the rest from other markets. | $0 | -- | $8M | $13M | 0.8x | 7.4x | ||
| Median | $2 | -24% | $198M | $151M | 5.3x | 22.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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