Other electronics

Industry Code (as per CMIE Prowess): 0101014010900000'

June 2022

Individual Parameters Contributing to the Score

Moderate Demand

The pandemic had created both demand and supply disruptions during FY21. As per CMIE data, the industry reported a y-o-y increase in sales by 10.3% from Rs.20 billion for March 2021 quarter to Rs.22.2 billion during the quarter ended March 2022. A recovery in demand due to the acceleration in online and digital services has improved the outlook for electronic goods.

Neutral

The industry primarily comprises players who assemble the products by sourcing critical components, which are mostly imported.

Predictable Regulatory environment

Domestically manufacture of electronics and IT hardware is on the priority list of the GOI in line with 'Atma Nirbhar' policy.

Largely predictable supply of inputs from diversified sources or Raw Materials with rare, occasional disruptions / fairly predictable price band

Covid 19 significantly impacted supply chains in this industry initially but there is a definite visibility in recovery. Availability of certain inputs like semiconductors could affect near term volumes.