India, July 24 -- Indian defence electronics has quietly become one of the more compelling investment themes on the back of Make in India, indigenisation pushes, and rising export ambitions. Companies that have spent decades building certifications and trust with strategic customers are now seeing that patience convert into order books and margins. One such company's latest annual numbers offer a good look at how that shift is playing out.

With a market capitalization of roughly Rs5,284 crore, the shares of Centum Electronics Limited were trading near Rs3,580 apiece, with a 52-week range of Rs3,916 to Rs2,044.20, and they are trading at a P/E of approximately 52x.

Order Book Signals Strong Visibility The company closed FY26 with a stan...