# Electronics - Others — company-by-company sector analysis

> Electronics - Others: Honeywell Automation India Ltd owns the largest revenue base; CWD Ltd has the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-07-29. Not investment advice.

## Bottom line

Electronics - Others has outperformed NIFTY 500 by 36.6% over 52 weeks and 2.9% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. Honeywell Automation India Ltd leads with revenue of ₹4,682 crore, based on 2 of 4 comparable companies through Mar 2026.

### Is the Electronics - Others sector outperforming NIFTY 500?

Electronics - Others has outperformed NIFTY 500 by 36.6% over 52 weeks and 2.9% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.

### Which Electronics - Others company is largest by revenue?

Honeywell Automation India Ltd leads with revenue of ₹4,682 crore, based on 2 of 4 comparable companies through Mar 2026.

### Which Electronics - Others company is growing fastest?

CWD Ltd has the fastest current revenue growth at 100%, across 2 of 4 comparable companies.

### Which Electronics - Others company has the strongest 4-Factor Sector Score?

Sahasra Electronic Solutions Ltd ranks first at 57/100 with 52.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Electronics - Others company reports the most CAPEX?

OSEL Devices Ltd reports the largest latest CAPEX at ₹6 crore, with 2 of 4 companies comparable.

### Which Electronics - Others company has the least gross debt?

CWD Ltd has the lowest comparable gross debt at ₹63 crore. Honeywell Automation India Ltd has the highest at ₹110 crore.

### Which Electronics - Others company has the lowest comparable PEG?

Honeywell Automation India Ltd has the lowest comparable Guarded PEG at 3.31, among 1 of 4 companies that pass the metric’s comparability rules.

### How much history does this Electronics - Others comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

## Sector relative strength

Electronics - Others has outperformed NIFTY 500 by 36.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.9%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. OSEL Devices Ltd is the strongest against the sector itself at +19.7%. Readings are as of 2026-07-19.

13-week sector return versus NIFTY 500: 2.9%
52-week sector return versus NIFTY 500: 37%
Stocks leading NIFTY: 3/4
Stocks leading sector: 3/4

Central tension: The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Companies: 4
Combined market value: ₹35.3K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Sahasra Electronic Solutions Ltd (SAHASRA): 57/100 — Thin evidence · provisional; evidence 53%
   - Growth & earnings 20.1/35 | Capital efficiency 8.7/25 | Valuation 10.0/20 | Relative strength 18.2/20
   - Exact sum: 20.1 + 8.7 + 10 + 18.2 = 57
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Honeywell Automation India Ltd (HONAUT): 46/100 — Mixed-negative evidence; evidence 91%
   - Growth & earnings 15.9/35 | Capital efficiency 16.9/25 | Valuation 5.1/20 | Relative strength 8.0/20
   - Exact sum: 15.9 + 16.9 + 5.1 + 8 = 45.9
   - Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression.
3. CWD Ltd (CWD): 59/100 — Thin evidence · provisional; evidence 36%
   - Growth & earnings 19.8/35 | Capital efficiency 12.1/25 | Valuation 10.0/20 | Relative strength 17.0/20
   - Exact sum: 19.8 + 12.1 + 10 + 17 = 58.9
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. OSEL Devices Ltd (OSELDEVICE): 59/100 — Thin evidence · provisional; evidence 47%
   - Growth & earnings 15.8/35 | Capital efficiency 20.8/25 | Valuation 10.0/20 | Relative strength 12.0/20
   - Exact sum: 15.8 + 20.8 + 10 + 12 = 58.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Revenue Scale & Growth Durability

What the numbers say: Honeywell Automation India Ltd is the scale leader at ₹4,682 crore, 52.1× the revenue of CWD Ltd. CWD Ltd's growth is stored at the ≥100% scoring cap; the uncapped TTM change is 122.6% from a ₹90 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Honeywell Automation India Ltd is the scale benchmark; CWD Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Honeywell Automation India Ltd's growth falls below CWD Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Honeywell Automation India Ltd · ₹4,682 crore | 52.1× versus #2 · CWD Ltd | 7/8 recent comparable periods | 2/4 companies · 39 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Honeywell Automation India Ltd (HONAUT): ₹4.7K Cr
2. CWD Ltd (CWD): ₹90 Cr — older report

### Revenue growth — fastest growers
1. CWD Ltd (CWD): 100% — older report
2. Honeywell Automation India Ltd (HONAUT): 12%

### 20-quarter Revenue history
- HONAUT: Jun 2021 ₹683 Cr | Sep 2021 ₹737 Cr | Dec 2021 ₹860 Cr | Mar 2022 ₹668 Cr | Jun 2022 ₹786 Cr | Sep 2022 ₹794 Cr | Dec 2022 ₹1.0K Cr | Mar 2023 ₹850 Cr | Jun 2023 ₹932 Cr | Sep 2023 ₹1.1K Cr | Dec 2023 ₹1.1K Cr | Mar 2024 ₹951 Cr | Jun 2024 ₹960 Cr | Sep 2024 ₹1.0K Cr | Dec 2024 ₹1.1K Cr | Mar 2025 ₹1.1K Cr | Jun 2025 ₹1.2K Cr | Sep 2025 ₹1.1K Cr | Dec 2025 ₹1.2K Cr | Mar 2026 ₹1.2K Cr
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹46 Cr | Dec 2024 — | Mar 2025 ₹50 Cr | Jun 2025 — | Sep 2025 ₹61 Cr | Dec 2025 — | Mar 2026 ₹78 Cr
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹51 Cr | Dec 2023 — | Mar 2024 ₹82 Cr | Jun 2024 — | Sep 2024 ₹87 Cr | Dec 2024 — | Mar 2025 ₹99 Cr | Jun 2025 — | Sep 2025 ₹147 Cr | Dec 2025 — | Mar 2026 ₹146 Cr
- CWD: Jun 2021 — | Sep 2021 ₹3 Cr | Dec 2021 — | Mar 2022 ₹12 Cr | Jun 2022 — | Sep 2022 ₹9 Cr | Dec 2022 — | Mar 2023 ₹14 Cr | Jun 2023 — | Sep 2023 ₹6 Cr | Dec 2023 — | Mar 2024 ₹15 Cr | Jun 2024 — | Sep 2024 ₹7 Cr | Dec 2024 — | Mar 2025 ₹26 Cr | Jun 2025 — | Sep 2025 ₹41 Cr | Dec 2025 — | Mar 2026 —

### 20-quarter Revenue growth history
- HONAUT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 7.7% | Dec 2022 18% | Mar 2023 27% | Jun 2023 19% | Sep 2023 39% | Dec 2023 5.2% | Mar 2024 12% | Jun 2024 3.0% | Sep 2024 -7.3% | Dec 2024 1.9% | Mar 2025 17% | Jun 2025 23% | Sep 2025 12% | Dec 2025 7.2% | Mar 2026 6.0%
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 33% | Dec 2025 — | Mar 2026 56%
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 71% | Dec 2024 — | Mar 2025 21% | Jun 2025 — | Sep 2025 69% | Dec 2025 — | Mar 2026 47%
- CWD: Jun 2021 — | Sep 2021 79% | Dec 2021 — | Mar 2022 590% | Jun 2022 — | Sep 2022 205% | Dec 2022 — | Mar 2023 14% | Jun 2023 — | Sep 2023 -38% | Dec 2023 — | Mar 2024 12% | Jun 2024 — | Sep 2024 25% | Dec 2024 — | Mar 2025 71% | Jun 2025 — | Sep 2025 490% | Dec 2025 — | Mar 2026 —

## Operating Economics & Margin Trend

What the numbers say: CWD Ltd leads both opm at 20.6% and margin change at +14.4 percentage points.

Investor read: CWD Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: CWD Ltd · 20.6% | 3% versus #2 · OSEL Devices Ltd | 3/8 recent comparable periods | 4/4 companies · 39 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. CWD Ltd (CWD): 21% — older report
2. OSEL Devices Ltd (OSELDEVICE): 20%
3. Honeywell Automation India Ltd (HONAUT): 16%
4. Sahasra Electronic Solutions Ltd (SAHASRA): 10%

### Margin change — fastest expanders
1. CWD Ltd (CWD): +14.4 pp — older report
2. Sahasra Electronic Solutions Ltd (SAHASRA): +11.0 pp
3. Honeywell Automation India Ltd (HONAUT): +2.0 pp
4. OSEL Devices Ltd (OSELDEVICE): 0.0 pp

### 20-quarter OPM history
- HONAUT: Jun 2021 17% | Sep 2021 15% | Dec 2021 14% | Mar 2022 13% | Jun 2022 16% | Sep 2022 16% | Dec 2022 13% | Mar 2023 16% | Jun 2023 13% | Sep 2023 13% | Dec 2023 15% | Mar 2024 18% | Jun 2024 16% | Sep 2024 13% | Dec 2024 13% | Mar 2025 14% | Jun 2025 12% | Sep 2025 11% | Dec 2025 13% | Mar 2026 16%
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 17% | Dec 2024 — | Mar 2025 -1.0% | Jun 2025 — | Sep 2025 17% | Dec 2025 — | Mar 2026 10%
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 17% | Dec 2023 — | Mar 2024 17% | Jun 2024 — | Sep 2024 15% | Dec 2024 — | Mar 2025 20% | Jun 2025 — | Sep 2025 17% | Dec 2025 — | Mar 2026 20%
- CWD: Jun 2021 — | Sep 2021 57% | Dec 2021 — | Mar 2022 28% | Jun 2022 — | Sep 2022 37% | Dec 2022 — | Mar 2023 19% | Jun 2023 — | Sep 2023 -11% | Dec 2023 — | Mar 2024 39% | Jun 2024 — | Sep 2024 6.2% | Dec 2024 — | Mar 2025 27% | Jun 2025 — | Sep 2025 21% | Dec 2025 — | Mar 2026 —

### 20-quarter Margin change history
- HONAUT: Jun 2021 −0.3 pp | Sep 2021 −4.4 pp | Dec 2021 −7.3 pp | Mar 2022 −6.1 pp | Jun 2022 −1.6 pp | Sep 2022 +1.5 pp | Dec 2022 −1.2 pp | Mar 2023 +2.9 pp | Jun 2023 −2.5 pp | Sep 2023 −3.1 pp | Dec 2023 +2.0 pp | Mar 2024 +2.0 pp | Jun 2024 +3.0 pp | Sep 2024 0.0 pp | Dec 2024 −2.0 pp | Mar 2025 −4.0 pp | Jun 2025 −4.0 pp | Sep 2025 −2.0 pp | Dec 2025 0.0 pp | Mar 2026 +2.0 pp
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 0.0 pp | Dec 2025 — | Mar 2026 +11.0 pp
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 −2.0 pp | Dec 2024 — | Mar 2025 +3.0 pp | Jun 2025 — | Sep 2025 +2.0 pp | Dec 2025 — | Mar 2026 0.0 pp
- CWD: Jun 2021 — | Sep 2021 +30.7 pp | Dec 2021 — | Mar 2022 −26.3 pp | Jun 2022 — | Sep 2022 −20.4 pp | Dec 2022 — | Mar 2023 −9.1 pp | Jun 2023 — | Sep 2023 −48.0 pp | Dec 2023 — | Mar 2024 +19.7 pp | Jun 2024 — | Sep 2024 +17.1 pp | Dec 2024 — | Mar 2025 −11.6 pp | Jun 2025 — | Sep 2025 +14.4 pp | Dec 2025 — | Mar 2026 —

## Profit Scale & Acceleration

What the numbers say: Honeywell Automation India Ltd leads with ₹526 crore of TTM profit, 51.1× the profit of CWD Ltd. Honeywell Automation India Ltd shows 0.6% growth from a ₹526 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Honeywell Automation India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Honeywell Automation India Ltd · ₹526 crore | 51.1× versus #2 · CWD Ltd | 4/8 recent comparable periods | 2/4 companies · 39 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Honeywell Automation India Ltd (HONAUT): ₹526 Cr
2. CWD Ltd (CWD): ₹10 Cr — older report

### Profit growth — fastest growers
1. Honeywell Automation India Ltd (HONAUT): 0.6%

### 20-quarter Net profit history
- HONAUT: Jun 2021 ₹92 Cr | Sep 2021 ₹85 Cr | Dec 2021 ₹90 Cr | Mar 2022 ₹73 Cr | Jun 2022 ₹102 Cr | Sep 2022 ₹118 Cr | Dec 2022 ₹106 Cr | Mar 2023 ₹112 Cr | Jun 2023 ₹103 Cr | Sep 2023 ₹122 Cr | Dec 2023 ₹128 Cr | Mar 2024 ₹148 Cr | Jun 2024 ₹136 Cr | Sep 2024 ₹115 Cr | Dec 2024 ₹132 Cr | Mar 2025 ₹140 Cr | Jun 2025 ₹125 Cr | Sep 2025 ₹120 Cr | Dec 2025 ₹121 Cr | Mar 2026 ₹160 Cr
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹2 Cr | Dec 2024 — | Mar 2025 ₹-4 Cr | Jun 2025 — | Sep 2025 ₹6 Cr | Dec 2025 — | Mar 2026 ₹6 Cr
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 ₹5 Cr | Dec 2023 — | Mar 2024 ₹8 Cr | Jun 2024 — | Sep 2024 ₹8 Cr | Dec 2024 — | Mar 2025 ₹12 Cr | Jun 2025 — | Sep 2025 ₹15 Cr | Dec 2025 — | Mar 2026 ₹14 Cr
- CWD: Jun 2021 — | Sep 2021 ₹1 Cr | Dec 2021 — | Mar 2022 ₹2 Cr | Jun 2022 — | Sep 2022 ₹1 Cr | Dec 2022 — | Mar 2023 ₹1 Cr | Jun 2023 — | Sep 2023 ₹-3 Cr | Dec 2023 — | Mar 2024 ₹4 Cr | Jun 2024 — | Sep 2024 ₹-2 Cr | Dec 2024 — | Mar 2025 ₹4 Cr | Jun 2025 — | Sep 2025 ₹4 Cr | Dec 2025 — | Mar 2026 —

### 20-quarter Profit growth history
- HONAUT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 11% | Sep 2022 39% | Dec 2022 18% | Mar 2023 53% | Jun 2023 1.0% | Sep 2023 3.4% | Dec 2023 21% | Mar 2024 32% | Jun 2024 32% | Sep 2024 -5.7% | Dec 2024 3.1% | Mar 2025 -5.4% | Jun 2025 -8.1% | Sep 2025 4.4% | Dec 2025 -8.3% | Mar 2026 14%
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 200% | Dec 2025 — | Mar 2026 —
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 60% | Dec 2024 — | Mar 2025 50% | Jun 2025 — | Sep 2025 88% | Dec 2025 — | Mar 2026 17%
- CWD: Jun 2021 — | Sep 2021 159% | Dec 2021 — | Mar 2022 106% | Jun 2022 — | Sep 2022 45% | Dec 2022 — | Mar 2023 -64% | Jun 2023 — | Sep 2023 -282% | Dec 2023 — | Mar 2024 382% | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 18% | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 —

## Capacity Spending & Returns On It

What the numbers say: OSEL Devices Ltd reports ₹6 crore of CAPEX; OSEL Devices Ltd has the highest covered intensity at 4.1%. Coverage is only 2 of 4 companies and 6 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Evidence: OSEL Devices Ltd · ₹6 crore | 100% versus #2 · Sahasra Electronic Solutions Ltd | 2/4 recent comparable periods | 2/4 companies · 6 observations

Definition: CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.

### CAPEX — largest spenders
1. OSEL Devices Ltd (OSELDEVICE): ₹6 Cr
2. Sahasra Electronic Solutions Ltd (SAHASRA): ₹3 Cr

### CAPEX intensity — highest reinvestment intensity
1. OSEL Devices Ltd (OSELDEVICE): 4.1%
2. Sahasra Electronic Solutions Ltd (SAHASRA): 3.8%

### 20-quarter CAPEX history
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 ₹6 Cr | Dec 2025 — | Mar 2026 ₹3 Cr
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹0 Cr | Dec 2024 — | Mar 2025 ₹0 Cr | Jun 2025 — | Sep 2025 ₹5 Cr | Dec 2025 — | Mar 2026 ₹6 Cr

### 20-quarter CAPEX intensity history
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 9.8% | Dec 2025 — | Mar 2026 3.8%
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 0.0% | Dec 2024 — | Mar 2025 0.0% | Jun 2025 — | Sep 2025 3.4% | Dec 2025 — | Mar 2026 4.1%

## Debt Load & Balance-Sheet Headroom

What the numbers say: Honeywell Automation India Ltd has the clearest covered balance-sheet capacity with ₹3,694 crore net cash and gross debt of ₹110 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Evidence: CWD Ltd · ₹63 crore | 6.6% versus #2 · Sahasra Electronic Solutions Ltd | Not enough history | 4/4 companies · 36 observations

Definition: Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.

### Gross debt — lowest gross debt
1. CWD Ltd (CWD): ₹63 Cr — older report
2. Sahasra Electronic Solutions Ltd (SAHASRA): ₹67 Cr
3. OSEL Devices Ltd (OSELDEVICE): ₹95 Cr
4. Honeywell Automation India Ltd (HONAUT): ₹110 Cr

### Net debt — lowest net debt
1. Honeywell Automation India Ltd (HONAUT): ₹-3.7K Cr
2. Sahasra Electronic Solutions Ltd (SAHASRA): ₹-1 Cr
3. OSEL Devices Ltd (OSELDEVICE): ₹45 Cr

### 20-quarter Gross debt history
- HONAUT: Jun 2021 ₹74 Cr | Sep 2021 ₹65 Cr | Dec 2021 ₹65 Cr | Mar 2022 ₹56 Cr | Jun 2022 ₹56 Cr | Sep 2022 ₹46 Cr | Dec 2022 ₹46 Cr | Mar 2023 ₹36 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹26 Cr | Mar 2024 ₹60 Cr | Jun 2024 ₹60 Cr | Sep 2024 ₹80 Cr | Dec 2024 ₹80 Cr | Mar 2025 ₹101 Cr | Jun 2025 ₹101 Cr | Sep 2025 ₹93 Cr | Dec 2025 ₹93 Cr | Mar 2026 ₹110 Cr
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹105 Cr | Dec 2024 — | Mar 2025 ₹52 Cr | Jun 2025 — | Sep 2025 ₹57 Cr | Dec 2025 — | Mar 2026 ₹67 Cr
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹9 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹18 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹25 Cr | Jun 2024 — | Sep 2024 ₹44 Cr | Dec 2024 — | Mar 2025 ₹50 Cr | Jun 2025 — | Sep 2025 ₹100 Cr | Dec 2025 — | Mar 2026 ₹95 Cr
- CWD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 ₹3 Cr | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 ₹5 Cr | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹13 Cr | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 ₹9 Cr | Jun 2025 — | Sep 2025 ₹63 Cr | Dec 2025 — | Mar 2026 —

### 20-quarter Net debt history
- HONAUT: Jun 2021 ₹-1.7K Cr | Sep 2021 ₹-1.8K Cr | Dec 2021 ₹-1.8K Cr | Mar 2022 ₹-2.0K Cr | Jun 2022 ₹-2.0K Cr | Sep 2022 ₹-2.1K Cr | Dec 2022 ₹-2.1K Cr | Mar 2023 ₹-2.3K Cr | Jun 2023 ₹-2.3K Cr | Sep 2023 ₹-2.5K Cr | Dec 2023 ₹-2.5K Cr | Mar 2024 ₹-2.8K Cr | Jun 2024 ₹-2.8K Cr | Sep 2024 ₹-2.8K Cr | Dec 2024 ₹-2.8K Cr | Mar 2025 ₹-3.2K Cr | Jun 2025 ₹-3.2K Cr | Sep 2025 ₹-3.4K Cr | Dec 2025 ₹-3.4K Cr | Mar 2026 ₹-3.7K Cr
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 ₹90 Cr | Dec 2024 — | Mar 2025 ₹-27 Cr | Jun 2025 — | Sep 2025 ₹55 Cr | Dec 2025 — | Mar 2026 ₹-1 Cr
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 ₹20 Cr | Jun 2024 — | Sep 2024 ₹-12 Cr | Dec 2024 — | Mar 2025 ₹31 Cr | Jun 2025 — | Sep 2025 ₹27 Cr | Dec 2025 — | Mar 2026 ₹45 Cr

## Return On Capital Employed

What the numbers say: OSEL Devices Ltd leads ROCE at 23.4%, 6.4 percentage points above Honeywell Automation India Ltd. Sahasra Electronic Solutions Ltd has the strongest latest improvement at +2 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: OSEL Devices Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: OSEL Devices Ltd · 23.4% | 37.6% versus #2 · Honeywell Automation India Ltd | 1/3 recent comparable periods | 4/4 companies · 24 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. OSEL Devices Ltd (OSELDEVICE): 23%
2. Honeywell Automation India Ltd (HONAUT): 17%
3. CWD Ltd (CWD): 9.5% — older report
4. Sahasra Electronic Solutions Ltd (SAHASRA): 6.0%

### ROCE change — fastest improvers
1. Sahasra Electronic Solutions Ltd (SAHASRA): +2.0 pp
2. CWD Ltd (CWD): +1.6 pp — older report
3. Honeywell Automation India Ltd (HONAUT): −0.7 pp
4. OSEL Devices Ltd (OSELDEVICE): −5.1 pp

### 20-quarter ROCE history
- HONAUT: Jun 2021 — | Sep 2021 18% | Dec 2021 — | Mar 2022 13% | Jun 2022 — | Sep 2022 14% | Dec 2022 — | Mar 2023 15% | Jun 2023 — | Sep 2023 14% | Dec 2023 20% | Mar 2024 15% | Jun 2024 21% | Sep 2024 15% | Dec 2024 20% | Mar 2025 13% | Jun 2025 18% | Sep 2025 12% | Dec 2025 17% | Mar 2026 12%
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 4.5% | Dec 2024 — | Mar 2025 2.0% | Jun 2025 — | Sep 2025 3.1% | Dec 2025 — | Mar 2026 4.0%
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 64% | Jun 2024 — | Sep 2024 23% | Dec 2024 — | Mar 2025 30% | Jun 2025 — | Sep 2025 25% | Dec 2025 — | Mar 2026 25%

### 20-quarter ROCE change history
- HONAUT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −4.8 pp | Dec 2022 — | Mar 2023 +1.4 pp | Jun 2023 — | Sep 2023 +0.6 pp | Dec 2023 — | Mar 2024 +0.1 pp | Jun 2024 — | Sep 2024 +0.4 pp | Dec 2024 +0.1 pp | Mar 2025 −1.8 pp | Jun 2025 −3.2 pp | Sep 2025 −2.4 pp | Dec 2025 −2.9 pp | Mar 2026 −0.7 pp
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 −1.4 pp | Dec 2025 — | Mar 2026 +2.0 pp
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 −34.0 pp | Jun 2025 — | Sep 2025 +2.0 pp | Dec 2025 — | Mar 2026 −5.1 pp

## Valuation Against Growth & Quality

What the numbers say: Honeywell Automation India Ltd has the lowest comparable Guarded PEG at 3.31×. Only 1 of 4 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Honeywell Automation India Ltd · 3.31× | Not enough peers | 0/8 recent comparable periods | 1/4 companies · 9 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.

### Guarded PEG — lowest PEG
1. Honeywell Automation India Ltd (HONAUT): 3.3

### P/E — lowest P/E
1. OSEL Devices Ltd (OSELDEVICE): 26.2
2. Sahasra Electronic Solutions Ltd (SAHASRA): 54.8
3. Honeywell Automation India Ltd (HONAUT): 61.7
4. CWD Ltd (CWD): 83.7 — older report

### 20-quarter Guarded PEG history
- HONAUT: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 1.5 | Jun 2023 2.9 | Sep 2023 3.1 | Dec 2023 4.6 | Mar 2024 4.4 | Jun 2024 6.9 | Sep 2024 3.7 | Dec 2024 3.6 | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 3.3

### 20-quarter P/E history
- HONAUT: Jun 2021 76.7 | Sep 2021 86.3 | Dec 2021 86.6 | Mar 2022 91.7 | Jun 2022 88.2 | Sep 2022 101.2 | Dec 2022 96.5 | Mar 2023 80.7 | Jun 2023 84.1 | Sep 2023 80.2 | Dec 2023 73.5 | Mar 2024 73.5 | Jun 2024 100.0 | Sep 2024 80.8 | Dec 2024 69.2 | Mar 2025 56.0 | Jun 2025 67.0 | Sep 2025 62.4 | Dec 2025 56.5 | Mar 2026 46.6
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 278.6 | Dec 2025 — | Mar 2026 749.1
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 19.2 | Dec 2024 — | Mar 2025 19.5 | Jun 2025 — | Sep 2025 49.8 | Dec 2025 — | Mar 2026 42.1
- CWD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 116.8 | Jun 2022 — | Sep 2022 225.2 | Dec 2022 — | Mar 2023 173.1 | Jun 2023 — | Sep 2023 108.8 | Dec 2023 — | Mar 2024 108.7 | Jun 2024 — | Sep 2024 262.6 | Dec 2024 — | Mar 2025 295.7 | Jun 2025 — | Sep 2025 250.8 | Dec 2025 — | Mar 2026 —

## Enterprise Value & Book Value

What the numbers say: Honeywell Automation India Ltd leads ev/ebitda at 26.9×; Sahasra Electronic Solutions Ltd leads p/bv at 3.3×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Evidence: Honeywell Automation India Ltd · 26.9× | 6.9% versus #2 · OSEL Devices Ltd | 0/8 recent comparable periods | 4/4 companies · 35 observations

Definition: EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.

### EV/EBITDA — lowest EV/EBITDA
1. Honeywell Automation India Ltd (HONAUT): 26.9
2. OSEL Devices Ltd (OSELDEVICE): 28.9
3. Sahasra Electronic Solutions Ltd (SAHASRA): 35.9
4. CWD Ltd (CWD): 88.3 — older report

### P/BV — lowest P/BV
1. Sahasra Electronic Solutions Ltd (SAHASRA): 3.3
2. OSEL Devices Ltd (OSELDEVICE): 3.8
3. CWD Ltd (CWD): 6.7 — older report
4. Honeywell Automation India Ltd (HONAUT): 7.4

### 20-quarter EV/EBITDA history
- HONAUT: Jun 2021 50.0 | Sep 2021 55.9 | Dec 2021 55.5 | Mar 2022 57.5 | Jun 2022 54.4 | Sep 2022 62.8 | Dec 2022 60.5 | Mar 2023 50.6 | Jun 2023 53.7 | Sep 2023 50.4 | Dec 2023 45.7 | Mar 2024 46.0 | Jun 2024 65.0 | Sep 2024 51.8 | Dec 2024 43.6 | Mar 2025 34.8 | Jun 2025 41.1 | Sep 2025 38.0 | Dec 2025 33.9 | Mar 2026 26.9
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 66.8 | Jun 2025 — | Sep 2025 63.2 | Dec 2025 — | Mar 2026 35.9
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 11.7 | Dec 2024 — | Mar 2025 11.2 | Jun 2025 — | Sep 2025 33.9 | Dec 2025 — | Mar 2026 28.9
- CWD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 157.3 | Jun 2022 — | Sep 2022 118.8 | Dec 2022 — | Mar 2023 82.0 | Jun 2023 — | Sep 2023 38.9 | Dec 2023 — | Mar 2024 39.8 | Jun 2024 — | Sep 2024 53.9 | Dec 2024 — | Mar 2025 63.0 | Jun 2025 — | Sep 2025 88.3 | Dec 2025 — | Mar 2026 —

### 20-quarter P/BV history
- HONAUT: Jun 2021 16.2 | Sep 2021 15.2 | Dec 2021 13.9 | Mar 2022 12.7 | Jun 2022 11.6 | Sep 2022 11.9 | Dec 2022 12.4 | Mar 2023 11.3 | Jun 2023 13.0 | Sep 2023 11.1 | Dec 2023 9.8 | Mar 2024 10.3 | Jun 2024 15.7 | Sep 2024 12.0 | Dec 2024 9.7 | Mar 2025 7.9 | Jun 2025 8.7 | Sep 2025 7.9 | Dec 2025 7.0 | Mar 2026 5.7
- SAHASRA: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 2.8 | Jun 2025 — | Sep 2025 3.5 | Dec 2025 — | Mar 2026 2.4
- OSELDEVICE: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 2.9 | Dec 2024 — | Mar 2025 3.6 | Jun 2025 — | Sep 2025 9.2 | Dec 2025 — | Mar 2026 7.8
- CWD: Jun 2021 — | Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 33.0 | Dec 2022 — | Mar 2023 31.0 | Jun 2023 — | Sep 2023 10.7 | Dec 2023 — | Mar 2024 12.1 | Jun 2024 — | Sep 2024 10.3 | Dec 2024 — | Mar 2025 10.1 | Jun 2025 — | Sep 2025 10.8 | Dec 2025 — | Mar 2026 —

## Market action

OSEL Devices Ltd has the strongest one-year price move in Electronics - Others at +29.5%. CWD Ltd leads on Mansfield relative strength against NIFTY at +17.4%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-24.

### Strongest one-year price performers
1. OSEL Devices Ltd (OSELDEVICE): 30%
2. CWD Ltd (CWD): 11%
3. Sahasra Electronic Solutions Ltd (SAHASRA): 9.1%
4. Honeywell Automation India Ltd (HONAUT): -7.7%

### Strongest relative strength versus NIFTY 500
1. CWD Ltd (CWD): 17%
2. Sahasra Electronic Solutions Ltd (SAHASRA): 10%
3. Honeywell Automation India Ltd (HONAUT): 9.8%
4. OSEL Devices Ltd (OSELDEVICE): -21%

## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
- 2 companies draw at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; they are marked unverified wherever those figures appear.
- Thin comparisons: Revenue, Net profit, Capital expenditure, Valuation have fewer than three usable current readings.

## Every company
- Honeywell Automation India Ltd (HONAUT) — market value ₹33.0K Cr; latest fundamentals Mar 2026
- Sahasra Electronic Solutions Ltd (SAHASRA) — market value ₹777 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- OSEL Devices Ltd (OSELDEVICE) — market value ₹767 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- CWD Ltd (CWD) — market value ₹713 Cr; latest fundamentals Sep 2025

## Source standing of each company

Cross-checked: 1. Unverified: 3. Withheld: 0. Graded companies: 4.

2 of 4 companies draw at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | SAHASRA | Sahasra Electronic Solutions Ltd | too little overlapping reported history to cross-check the second feed
- UNVERIFIED | OSELDEVICE | OSEL Devices Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Mar 2026; prices through 2026-07-24.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### What is the Nifty Electronics - Others index?

The Nifty Electronics - Others index tracks India's listed Electronics - Others companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Electronics - Others sector rather than to its largest constituent. Figures are as of Mar 2026.

### Which are the best Electronics - Others stocks in India?

Ranked by this page's four-factor score, Sahasra Electronic Solutions Ltd places first among 4 listed Electronics - Others companies, followed by Honeywell Automation India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Electronics - Others stocks are listed in India?

This comparison covers 4 listed Electronics - Others companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

### Which Electronics - Others company is the biggest?

Honeywell Automation India Ltd is the largest, with trailing-twelve-month revenue of ₹4,682 crore, ahead of CWD Ltd at ₹90 crore. That covers 2 of 4 companies with comparable reporting through Mar 2026.

### Which Electronics - Others company is growing fastest?

CWD Ltd has the fastest revenue growth at 100% year on year, across 2 of 4 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

### Which Electronics - Others company has the best profit margins?

CWD Ltd has the highest operating margin at 20.6%, from 4 of 4 comparable companies. CWD Ltd shows the biggest recent improvement, at +14.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Electronics - Others company makes the most profit?

Honeywell Automation India Ltd earns the most, at ₹526 crore of trailing-twelve-month net profit, from 2 of 4 comparable companies. Honeywell Automation India Ltd has the fastest profit growth at 0.6%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Electronics - Others company earns the highest return on capital?

OSEL Devices Ltd leads on return on capital employed at 23.4%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Electronics - Others stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Honeywell Automation India Ltd screens cheapest at 3.31×. Only 1 of 4 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Which Electronics - Others company has the strongest balance sheet?

CWD Ltd carries the lowest comparable gross debt at ₹63 crore, from 4 of 4 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

### Which Electronics - Others company is investing most in new capacity?

OSEL Devices Ltd reports the largest capital spending at ₹6 crore, across 2 of 4 companies. Spending consumes cash before it earns anything, so treat the ranking as a diligence queue: check commissioning, utilisation and the return earned on the completed assets before reading spend as value creation.

### Is the Electronics - Others sector beating the market?

Electronics - Others has outperformed NIFTY 500 by 36.6% over the last 52 weeks and 2.9% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Electronics - Others stock has the strongest price momentum?

CWD Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Electronics - Others company scores highest for research priority?

Sahasra Electronic Solutions Ltd scores 57 out of 100 with 52.8% evidence confidence, from 20.1 points on growth and earnings, 8.7 on capital efficiency, 10 on valuation and 18.2 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Electronics - Others companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Electronics - Others sector?

The 4 Electronics - Others companies on this page carry ₹35,270 crore of combined market value. Honeywell Automation India Ltd is the largest at ₹33,013 crore, about 94% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

### How is the Electronics - Others sector performing?

3 of the 4 covered Electronics - Others companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 36.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-07-29.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

Narrative sector analysis: https://www.sectoralpha.in/sectors/electronics-others