From contract manufacturing to innovation-driven progress, Electronics Manufacturing Companies (EMS) has big potential in India. By FY27, the EMS business in India is predicted to achieve round $55 billion, reflecting greater than a doubling of income from earlier years.
The Indian EMS market is projected to develop at a compound annual progress fee (CAGR) of roughly 32 % from 2021 to 2026, aiming to seize 7 % of the worldwide EMS market by 2026, up from simply 2.3 % in 2021.
Following are three EMS shares held by Goldman Sachs as per the September 2024 shareholding sample:
1. Amber Enterprises India Restricted
With a market cap of Rs. 20,684.2 crores, the shares of this main room air conditioner producer moved up by practically 2 % on BSE to Rs. 6,210 on Friday.
As per the September 2024 shareholding information obtainable with the BSE, Goldman Sachs by way of Goldman Sachs India Fairness Portfolio holds round 6.05 lakh fairness shares, representing a 1.79 % stake in Amber Enterprises.
The corporate skilled a progress in its income from operations, exhibiting a year-on-year rise of round 82 % to Rs. 1,685 crores in Q2 FY25, whereas the online revenue elevated from a lack of Rs. 6 crores in Q2 FY24 to a revenue of Rs. 21 crores in Q2 FY25.
The inventory has delivered constructive returns of practically xx % in a single 12 months, in addition to round xx % returns year-to-date.
Included in 1956, Amber Enterprises India Restricted is principally engaged within the enterprise of producing and buying and selling of shopper durables, electronics manufacturing companies (EMS) and railway subsystem & mobility and its companies.
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2. Whirlpool of India Restricted
With a market cap of Rs. 24,476.7 crores, the shares of one of many main producers and entrepreneurs of main house home equipment in India moved up by practically 1.4 % on BSE to Rs. 1,980 on Friday.
As per the September 2024 shareholding information obtainable with the BSE, Goldman Sachs by way of Goldman Sachs India Fairness Portfolio holds round 13.41 lakh fairness shares, representing a 1.06 % stake in Whirlpool of India.
The corporate skilled a marginal progress in its income from operations, exhibiting a year-on-year rise of round 12.5 % to Rs. 1,713 crores in Q2 FY25, accompanied by round 42 % rise in internet revenue to Rs. 54 crores, over the identical interval.
The inventory has delivered constructive returns of practically xx % in a single 12 months, in addition to round xx % returns year-to-date.
Whirlpool of India Restricted is primarily engaged within the enterprise of producing and buying and selling of fridges, washing machines, air conditioners, microwave ovens, built-in and small home equipment and caters to each home and worldwide markets. It has maintained a powerful place within the Indian shopper durables business.
Written by Shivani Singh
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