Supply chain constraints on key components
Copper clad laminate and memory component lead times are increasing due to global demand, potentially impacting EMS execution.
CENTUM / bear-case history
Track the concerns that keep returning.
Centum Electronics · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Margin pressure from EMS product mix
FY26 EBITDA margin of 12.42% was below the guided 13-15% range due to unfavorable EMS product mix; improvement depends on mix shift.
Order inflow lumpiness in BTS
BTS order inflow in FY26 was only ~₹470 crore (low growth), with some orders slipping to FY27; execution visibility depends on timely closures.
No cash recovery from European subsidiary sale
Management confirmed no expected realization from the French asset sale; liabilities exceed assets by over ₹100 crore.