Wearables : Medium term trend
Tag: Electronics
Semiconductor market
Avalon 2025 Annual report : Eye catching snippets
Lets start with Financial highlights
49% box build revenue catches my eye
Greenfield and brownfield expansion
Partnership with global equipment manufacturer company for complex subsystem manufacturing
Partnering with CDAC for high performance computing
Partnership with Zepco in motors, drives, controllers.
Secured projects in global auto components, home electrification, rail, industrial, infrastructure, clean energy, and communications
OUR DUAL SHORE MANUFACTURING
In FY2025, we enhanced this model with the commissioning of a new export-focussed facility in Chennai. Construction has also begun on two additional facilities – one to serve growing domestic demand and the other focussed on exports. Our U.S. operations continue to serve marquee customers in highly regulated sectors, while our Indian facilities leverage scale and cost benefits
One stop shop and Diverse capabilities
Solutions
All major certifications
SYRMA SGS
We have covered this company earlier at
SYRMA SGS
Manufactures various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products. The company is a part of Tandon Group with Sandeep Tandon as chairman of the company. Its manufacturing facilities are spread across Northern India (Bawal, Haryana, Manesar, Haryana, Baddi, Himachal Pradesh) and southern India – Chennai (Tamil Nadu), Bengaluru (Karnataka).
One of India’s Largest ESDM Company in the Non-Consumer Segment
300+ customers, 18 Facilities, 20+ exporting countries
with end to end capabilities and backward integration of PCB and components inhouse
Business verticals serving high growth industries
Four Dedicated R&D Facilities
1 in Germany & 3 in India
190 employees in RnD, 537 overall engineers
1800+ suppliers
Global certifications in place
Revenue splits
Opportunities and Growth Drivers
Government Initiatives
Capitalizing on government incentives such as PLI, MSIPS, ECMS, PM E-drive and EMC Tax incentives, infrastructure support
Growth of IoT & Smart Devices
IoT in industrial, automotive, consumer segments to drive customized solutions
Automotive IoT growth driven by connectivity, ADAS, personal UI, etc
Export Opportunities
Rising trend of supply chain diversification
India being favored as the global alternative as part of China + 1 strategy
Increasing outsourcing by OEMs
OEMs increasing reliance on ESDM players for cost efficiency, scalability, supply chain flexibility
Increasing focus area
Very very interesting chart on what SYRMA wants to do in coming time
RISKS
The company imports 60% of its material requirements, which exposes it to foreign exchange fluctuation risk. While part of the forex exposure is naturally hedged from exports (about 25% of the total revenue), the company takes three months forwards to cover part of the open exposure and is able to pass on the impact of foreign exchange fluctuation to customers to some extent, any major forex fluctuation can impact the margins.
Time to time changes in technology may impact business in short term
Intensive working capital nature of business may need consistent cash flows
Technicals
Subsidy race : Electronics Manufacturing
Pushing the CHIPS
Coming Back : Semiconductors
Next Destination : India
OSAT
TATA ATMP
$8-billion chip fabrication plant
PCB Indian market : Medium term trend
Keep your Chi(n/p) up !!
Semicondutors : An era is changing for Indian markets
Image sensor CAGR in last few years
Semiconductor revenues down : Short term trend
Changing partners : Need of the hour
Semiconductors in Renewables
Integration of advanced electronics
Indian Lighting Market
Export of Electronic Goods
New Era coming up for India
Electronic Consumption : India : Emerging Trend
TSMC : Going global
PLI effects are like Mr India
TATA TATA BYE BYE to imports!
5 way for electronic components boost
Be long on India
PLI scheme outlay
India EMS
Our Defense : Shortage of components and ..and .. and..
Biggest Revolution in Power electronics in 30 years
PLI Scheme : 10 Sectors
Implementation of production-linked incentive (PLI) schemes worth up to ₹1.45 lakh crore for 10 key sectors announced recently by the government is likely soon.
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Automotive : KEY MEGA TRENDS
Source : Motherson Sumi Investor presentation
Also read : https://alpha-affairs.com/2020/07/05/growth-motherson-sumi/
In case you have any questions/ queries, please feel free to reach me through Contact Form
Do spread the word among your peers, family members or anyone who can benefit from this blog and asked them to subscribe. But be selfish and take care of yourself first by subscribing before they do.
Enjoy the day and your life. Don’t forget, we are alone in this grand universe and may not get a chance to live again.
ALPHA AFFAIRS 