{"id":323543,"date":"2026-10-22T12:26:14","date_gmt":"2026-10-22T06:56:14","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=323543"},"modified":"2026-10-22T12:26:14","modified_gmt":"2026-10-22T06:56:14","slug":"microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/","title":{"rendered":"3 Microwave Systems, Electronic Sub-Systems and Electronics Manufacturing Stocks With a Strong Future Roadmap: Astra Microwave Products, Centum Electronics and Syrma SGS Technology"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Astra Microwave Products, Centum Electronics and Syrma SGS Technology: ROE of 11.1% to 29.3% and FY22 to FY26 revenue CAGR of 5.3% to 39.4%. Prices as of 21 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three defence electronics component stocks to watch are Astra Microwave Products, Centum Electronics and Syrma SGS Technology. Their return on equity ranges from 11.1% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 39.4%. Centum Electronics has the highest return on equity at 29.3%, while Syrma SGS Technology has the fastest revenue growth at 39.4% a year. Prices are based on the 21 October 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Defence electronics component stocks let investors follow companies that build the electronic parts inside radars, missiles and satellites. Astra Microwave Products, Centum Electronics and Syrma SGS Technology cover microwave systems, electronic sub-systems and electronics manufacturing services.<\/p>\n<p>This list covers three defence electronics component stocks with complete current figures: Astra Microwave Products, Centum Electronics and Syrma SGS Technology. Every figure comes from the latest reported financials and the 21 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#What_Are_Defence_Electronics_Component_Stocks\" title=\"What Are Defence Electronics Component Stocks?\">What Are Defence Electronics Component Stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Defence_Electronics_Component_Stocks_at_a_Glance\" title=\"Defence Electronics Component Stocks at a Glance\">Defence Electronics Component Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Why_Do_Defence_Electronics_Component_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Defence Electronics Component Stocks Have a Strong Roadmap in India?\">Why Do Defence Electronics Component Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Why_Astra_Microwave_Products_Features_Among_These_Defence_Electronics_Component_Stocks\" title=\"Why Astra Microwave Products Features Among These Defence Electronics Component Stocks\">Why Astra Microwave Products Features Among These Defence Electronics Component Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Why_Centum_Electronics_Features_Among_These_Defence_Electronics_Component_Stocks\" title=\"Why Centum Electronics Features Among These Defence Electronics Component Stocks\">Why Centum Electronics Features Among These Defence Electronics Component Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Why_Syrma_SGS_Technology_Features_Among_These_Defence_Electronics_Component_Stocks\" title=\"Why Syrma SGS Technology Features Among These Defence Electronics Component Stocks\">Why Syrma SGS Technology Features Among These Defence Electronics Component Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Astra_Microwave_Products_vs_Centum_Electronics_vs_Syrma_SGS_Technology_on_Key_Financials\" title=\"Astra Microwave Products vs Centum Electronics vs Syrma SGS Technology on Key Financials\">Astra Microwave Products vs Centum Electronics vs Syrma SGS Technology on Key Financials<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Key_Risks_to_Check_Before_Investing_in_Defence_Electronics_Component_Stocks\" title=\"Key Risks to Check Before Investing in Defence Electronics Component Stocks\">Key Risks to Check Before Investing in Defence Electronics Component Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Final_Thoughts_on_Defence_Electronics_Component_Stocks\" title=\"Final Thoughts on Defence Electronics Component Stocks\">Final Thoughts on Defence Electronics Component Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#What_are_defence_electronics_component_stocks\" title=\"What are defence electronics component stocks?\">What are defence electronics component stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Which_defence_electronics_component_stocks_are_covered_in_this_list\" title=\"Which defence electronics component stocks are covered in this list?\">Which defence electronics component stocks are covered in this list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Why_do_defence_electronics_component_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do defence electronics component stocks have a strong future roadmap in India?\">Why do defence electronics component stocks have a strong future roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#How_has_Astra_Microwave_Products_performed_financially\" title=\"How has Astra Microwave Products performed financially?\">How has Astra Microwave Products performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#How_has_Centum_Electronics_performed_financially\" title=\"How has Centum Electronics performed financially?\">How has Centum Electronics performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#How_has_Syrma_SGS_Technology_performed_financially\" title=\"How has Syrma SGS Technology performed financially?\">How has Syrma SGS Technology performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#What_risks_should_investors_check_before_buying_defence_electronics_component_stocks\" title=\"What risks should investors check before buying defence electronics component stocks?\">What risks should investors check before buying defence electronics component stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/microwave-systems-electronic-sub-systems-and-electronics-manufacturing-stocks-roadmap-sentinel-list\/#Is_this_list_of_defence_electronics_component_stocks_investment_advice\" title=\"Is this list of defence electronics component stocks investment advice?\">Is this list of defence electronics component stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Defence_Electronics_Component_Stocks\"><\/span><strong>What Are Defence Electronics Component Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Defence electronics component stocks are listed companies that design and make microwave components, electronic systems and circuit boards for defence, space and industrial customers. Their earnings depend on order books, execution speed and technology depth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Defence_Electronics_Component_Stocks_at_a_Glance\"><\/span><strong>Defence Electronics Component Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/astramicro\/astra-microwave-products-ltd-share-price-today\">Astra Microwave Products<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,554.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15,358<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">81.2<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.22<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/centum\/centum-electronics-ltd-share-price-today\">Centum Electronics<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3,904.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,883<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">119.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">48.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.36<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/syrma\/syrma-sgs-technology-ltd-share-price-today\">Syrma SGS Technology<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,473.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29,841<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">74.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">73.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.14<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, all three trade at a P\/E above their industry P\/E, which reflects the growth the market already expects from them. Readers comparing defence electronics component stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Defence_Electronics_Component_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Defence Electronics Component Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Defence electronics component stocks have a strong roadmap in India because rising defence and space spending and the policy push for local electronics are giving private suppliers long order pipelines.<\/p>\n<ul>\n<li><strong>Local production push.<\/strong> Government policy favours Indian-made electronics.<\/li>\n<li><strong>Radar and missile programmes.<\/strong> Long programmes give visibility to component makers.<\/li>\n<li><strong>Electronics demand.<\/strong> More vehicles and devices use locally made boards.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_Astra_Microwave_Products_Features_Among_These_Defence_Electronics_Component_Stocks\"><\/span><strong>Why Astra Microwave Products Features Among These Defence Electronics Component Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the defence electronics component stocks on this list, Astra Microwave Products is a Hyderabad-based maker of microwave and radio frequency components, sub-systems and systems used in radars, missiles, electronic warfare and satellite communication.<\/p>\n<p>Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%.<\/p>\n<p>The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P\/E of 81.2, above the industry P\/E of 48.1.<\/p>\n<p><strong>Roadmap:<\/strong> The company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.<\/p>\n<p><strong>What to watch:<\/strong> Check the timing of large order execution, since quarterly revenue in defence electronics can move with delivery schedules.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Centum_Electronics_Features_Among_These_Defence_Electronics_Component_Stocks\"><\/span><strong>Why Centum Electronics Features Among These Defence Electronics Component Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the microwave and RF component shares on this list, Centum Electronics is a Bengaluru-based maker of electronic systems and sub-systems for defence, aerospace, space, industrial and medical customers, with design and manufacturing capability in India and overseas.<\/p>\n<p>The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1.<\/p>\n<p>Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%. In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company designs electronics for demanding uses where reliability is critical and wins long-term programmes with global and Indian customers. Higher defence and space spending in India supports its order flow.<\/p>\n<p><strong>What to watch:<\/strong> Monitor order inflow in defence and aerospace and execution of long-term programmes.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Syrma_SGS_Technology_Features_Among_These_Defence_Electronics_Component_Stocks\"><\/span><strong>Why Syrma SGS Technology Features Among These Defence Electronics Component Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Syrma SGS Technology is an electronics manufacturing services company that makes printed circuit boards, box builds and electronic products for industrial, automotive, healthcare and consumer customers.<\/p>\n<p>Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%.<\/p>\n<p>The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P\/E of 74.3, above the industry P\/E of 73.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.<\/p>\n<p><strong>What to watch:<\/strong> Check order inflow from new customers and the ramp-up of new manufacturing lines.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Astra_Microwave_Products_vs_Centum_Electronics_vs_Syrma_SGS_Technology_on_Key_Financials\"><\/span><strong>Astra Microwave Products vs Centum Electronics vs Syrma SGS Technology on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three defence electronics component stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Astra Microwave Products<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">757<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,181<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">193<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Centum Electronics<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">788<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">969<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">101<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Syrma SGS Technology<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,284<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,857<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">39.4%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">346<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Centum Electronics posts the highest return on equity in this group at 29.3%. Syrma SGS Technology combines the largest FY26 revenue at Rs 4,857 crore with the fastest revenue growth, a 39.4% compound annual rate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Defence_Electronics_Component_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Defence Electronics Component Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these defence electronics component stocks, the main points are:<\/p>\n<ul>\n<li><strong>Order timing.<\/strong> Defence contracts can be lumpy and may shift between quarters.<\/li>\n<li><strong>Execution demands.<\/strong> Programmes need strict delivery and quality schedules.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter defence electronics component stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Defence_Electronics_Component_Stocks\"><\/span><strong>Final Thoughts on Defence Electronics Component Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Defence electronics component stocks reward investors who follow order books, deliveries and margins together. Astra Microwave Products, Centum Electronics and Syrma SGS Technology each play a different part in the electronics chain. Based on the 21 October 2026 close, Astra Microwave Products trades at Rs 1,554.7, Centum Electronics at Rs 3,904.7 and Syrma SGS Technology at Rs 1,473.1.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track defence electronics component stocks, set price alerts and get research-backed stock ideas.<\/em><\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_defence_electronics_component_stocks\"><\/span><strong>What are defence electronics component stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Defence electronics component stocks are listed companies that design and make microwave components, electronic systems and circuit boards for defence, space and industrial customers. Their earnings depend on order books, execution speed and technology depth. This list looks at three of them, Astra Microwave Products, Centum Electronics and Syrma SGS Technology, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_defence_electronics_component_stocks_are_covered_in_this_list\"><\/span><strong>Which defence electronics component stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers Astra Microwave Products, Centum Electronics and Syrma SGS Technology. Based on the 21 October 2026 close, Astra Microwave Products traded at Rs 1,554.7, Centum Electronics at Rs 3,904.7 and Syrma SGS Technology at Rs 1,473.1. Their return on equity ranges from 11.1% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 39.4%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_defence_electronics_component_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do defence electronics component stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Defence electronics component stocks have a strong roadmap in India because rising defence and space spending and the policy push for local electronics are giving private suppliers long order pipelines. The main drivers are as follows. Local production push. Government policy favours Indian-made electronics. Radar and missile programmes. Long programmes give visibility to component makers. Electronics demand. More vehicles and devices use locally made boards. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Astra_Microwave_Products_performed_financially\"><\/span><strong>How has Astra Microwave Products performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 757 crore in FY22 to Rs 1,181 crore in FY26, a compound annual growth rate of 11.8%. Net profit grew from Rs 37.9 crore in FY22 to Rs 193 crore in FY26, which works out to a compound annual growth rate of 50.2%. The company has a return on equity of 14.7%, a debt to equity ratio of 0.22 and a market capitalisation of Rs 15,358 crore. The stock trades at a P\/E of 81.2, above the industry P\/E of 48.1. Looking ahead, the company supplies sub-systems to major defence and space programmes and is moving up from components to complete systems. Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Centum_Electronics_performed_financially\"><\/span><strong>How has Centum Electronics performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%. In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore. The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1. Looking ahead, the company designs electronics for demanding uses where reliability is critical and wins long-term programmes with global and Indian customers. Higher defence and space spending in India supports its order flow.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Syrma_SGS_Technology_performed_financially\"><\/span><strong>How has Syrma SGS Technology performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 1,284 crore in FY22 to Rs 4,857 crore in FY26, a compound annual growth rate of 39.4%. Net profit grew from Rs 76.4 crore in FY22 to Rs 346 crore in FY26, which works out to a compound annual growth rate of 45.8%. The company has a return on equity of 11.1%, a debt to equity ratio of 0.14 and a market capitalisation of Rs 29,841 crore. The stock trades at a P\/E of 74.3, above the industry P\/E of 73.6. Looking ahead, the company benefits from the shift of electronics manufacturing to India, supported by government incentives. It is adding capacity and new capabilities in areas such as RFID, magnetics and printed circuit boards.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_defence_electronics_component_stocks\"><\/span><strong>What risks should investors check before buying defence electronics component stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying defence electronics component stocks. Order timing. Defence contracts can be lumpy and may shift between quarters. Execution demands. Programmes need strict delivery and quality schedules. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_defence_electronics_component_stocks_investment_advice\"><\/span><strong>Is this list of defence electronics component stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 21 October 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are defence electronics component stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Defence electronics component stocks are listed companies that design and make microwave components, electronic systems and circuit boards for defence, space and industrial customers. Their earnings depend on order books, execution speed and technology depth. This list looks at three of them, Astra Microwave Products, Centum Electronics and Syrma SGS Technology, using reported FY22 to FY26 financials and the 21 October 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which defence electronics component stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers Astra Microwave Products, Centum Electronics and Syrma SGS Technology. Based on the 21 October 2026 close, Astra Microwave Products traded at Rs 1,554.7, Centum Electronics at Rs 3,904.7 and Syrma SGS Technology at Rs 1,473.1. Their return on equity ranges from 11.1% to 29.3%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.3% to 39.4%.\"}},{\"@type\":\"Question\",\"name\":\"Why do defence electronics component stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Defence electronics component stocks have a strong roadmap in India because rising defence and space spending and the policy push for local electronics are giving private suppliers long order pipelines. The main drivers are as follows. Local production push. Government policy favours Indian-made electronics. Radar and missile programmes. Long programmes give visibility to component makers. Electronics demand. More vehicles and devices use locally made boards. 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Its design strength in radio frequency and microwave electronics suits the shift to indigenous radars and missile programmes.\"}},{\"@type\":\"Question\",\"name\":\"How has Centum Electronics performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 788 crore in FY22 to Rs 969 crore in FY26, a compound annual growth rate of 5.3%. Net profit grew from Rs 50.4 crore in FY25 to Rs 101 crore in FY26, a rise of 99.7%. In the June 2026 quarter, revenue grew 13.7% year on year to Rs 206 crore. The company has a return on equity of 29.3%, a debt to equity ratio of 0.36 and a market capitalisation of Rs 5,883 crore. The stock trades at a P\/E of 119.3, above the industry P\/E of 48.1. Looking ahead, the company designs electronics for demanding uses where reliability is critical and wins long-term programmes with global and Indian customers. 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Compare price, valuation, return on equity and revenue growth as of 21 October 2026.<\/p>\n","protected":false},"author":36,"featured_media":323541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[8621,3803,5446,14679,14681,14680,8491],"class_list":["post-323543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-astra-microwave-products","tag-best-stocks","tag-centum-electronics","tag-defence-electronics-component-stocks","tag-electronic-systems-stocks","tag-microwave-and-rf-component-shares","tag-syrma-sgs-technology"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["323541"],"rank_math_title":["Defence Electronics Component Stocks With a Strong Roadmap"],"rank_math_description":["Compare 3 defence electronics component stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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