# 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 2026-08-05. Not investment advice.

## Bottom line

Electronics - Others has outperformed NIFTY 500 by 15.5% over 52 weeks and 3.4% 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 ₹4,703 crore, based on 2 of 4 comparable companies through Jun 2026.

## Sector relative strength

Electronics - Others has outperformed NIFTY 500 by 15.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 3.4%. 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: -3.4%
52-week sector return versus NIFTY 500: 16%
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: ₹36.0K 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): 54/100 — Thin evidence · provisional; evidence 53%
   - Growth & earnings 20.1/35 | Capital efficiency 4.7/25 | Valuation 10.0/20 | Relative strength 18.8/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 11 of the last 12 weeks
   - Exact sum: 20.1 + 4.7 + 10 + 18.8 = 53.6
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
2. Honeywell Automation India Ltd (HONAUT): 43/100 — Mixed-negative evidence; evidence 91%
   - Growth & earnings 16.2/35 | Capital efficiency 14.1/25 | Valuation 5.1/20 | Relative strength 8.0/20
   - Price stage: TURNING — Ahead of the benchmark for one to four weeks, after a stretch of being behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 10 of 11 weeks with a reading, within the last 12
   - Exact sum: 16.2 + 14.1 + 5.1 + 8 = 43.4
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
3. OSEL Devices Ltd (OSELDEVICE): 59/100 — Thin evidence · provisional; evidence 47%
   - Growth & earnings 15.8/35 | Capital efficiency 21.5/25 | Valuation 10.0/20 | Relative strength 12.0/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 2 of 10 weeks with a reading, within the last 12
   - Exact sum: 15.8 + 21.5 + 10 + 12 = 59.3
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4. CWD Ltd (CWD): 58/100 — Thin evidence · provisional; evidence 35%
   - Growth & earnings 19.8/35 | Capital efficiency 10.7/25 | Valuation 10.0/20 | Relative strength 17.0/20
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 6 of the last 12 weeks, ending 2026-03-08 (no longer priced)
   - Exact sum: 19.8 + 10.7 + 10 + 17 = 57.5
   - Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.

## Market action

OSEL Devices Ltd has the strongest one-year price move in Electronics - Others at +41.5%. 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 2026-07-31.

### Strongest one-year price performers
1. OSEL Devices Ltd (OSELDEVICE): 42%
2. CWD Ltd (CWD): 13%
3. Sahasra Electronic Solutions Ltd (SAHASRA): 12%
4. Honeywell Automation India Ltd (HONAUT): -3.9%

### Strongest relative strength versus NIFTY 500
1. CWD Ltd (CWD): 17%
2. Honeywell Automation India Ltd (HONAUT): 9.7%
3. Sahasra Electronic Solutions Ltd (SAHASRA): 7.0%
4. OSEL Devices Ltd (OSELDEVICE): -26%

## Revenue Scale & Growth Durability

What the numbers say: Honeywell Automation India Ltd is the scale leader at ₹4,703 crore, 52.3× 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 · ₹4,703 crore | 52.3× 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): 6.6%

### 20-quarter Revenue history
- HONAUT: 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 | Jun 2026 ₹1.2K Cr
- SAHASRA: 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 | Jun 2026 —
- OSELDEVICE: 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 | Jun 2026 —
- CWD: 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 — | Jun 2026 —

### 20-quarter Revenue growth history
- HONAUT: 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% | Jun 2026 1.8%
- SAHASRA: 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% | Jun 2026 —
- OSELDEVICE: 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% | Jun 2026 —
- CWD: 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 — | Jun 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): 14%
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): +11.1 pp
3. Honeywell Automation India Ltd (HONAUT): +2.0 pp
4. OSEL Devices Ltd (OSELDEVICE): 0.0 pp

### 20-quarter OPM history
- HONAUT: 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% | Jun 2026 14%
- SAHASRA: 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 -1.1% | Jun 2025 — | Sep 2025 17% | Dec 2025 — | Mar 2026 10% | Jun 2026 —
- OSELDEVICE: 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% | Jun 2026 —
- CWD: 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 — | Jun 2026 —

### 20-quarter Margin change history
- HONAUT: 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 | Jun 2026 +2.0 pp
- SAHASRA: 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 +11.1 pp | Jun 2026 —
- OSELDEVICE: 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 | Jun 2026 —
- CWD: 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 — | Jun 2026 —

## Profit Scale & Acceleration

What the numbers say: Honeywell Automation India Ltd leads with ₹552 crore of TTM profit, 53.6× the profit of CWD Ltd. Honeywell Automation India Ltd shows 7.8% growth from a ₹552 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 · ₹552 crore | 53.6× 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): ₹552 Cr
2. CWD Ltd (CWD): ₹10 Cr — older report

### Profit growth — fastest growers
1. Honeywell Automation India Ltd (HONAUT): 7.8%

### 20-quarter Net profit history
- HONAUT: 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 | Jun 2026 ₹151 Cr
- SAHASRA: 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 | Jun 2026 —
- OSELDEVICE: 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 | Jun 2026 —
- CWD: 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 — | Jun 2026 —

### 20-quarter Profit growth history
- HONAUT: 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% | Jun 2026 21%
- SAHASRA: 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 — | Jun 2026 —
- OSELDEVICE: 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% | Jun 2026 —
- CWD: 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 — | Jun 2026 —

## 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: 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% | Jun 2026 —
- SAHASRA: 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% | Jun 2026 —
- OSELDEVICE: 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% | Jun 2026 —

### 20-quarter ROCE change history
- HONAUT: 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 | Jun 2026 —
- SAHASRA: 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 | Jun 2026 —
- OSELDEVICE: 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 | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Honeywell Automation India Ltd has the lowest comparable PEG at 3.31×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, 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 feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

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

### P/E — lowest P/E
1. OSEL Devices Ltd (OSELDEVICE): 25.2
2. Sahasra Electronic Solutions Ltd (SAHASRA): 54.6
3. Honeywell Automation India Ltd (HONAUT): 60.3
4. CWD Ltd (CWD): 83.7 — older report

### 20-quarter PEG history
- HONAUT: 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 | Jun 2026 —

### 20-quarter P/E history
- HONAUT: 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 | Jun 2026 65.3
- SAHASRA: 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 | Jun 2026 —
- OSELDEVICE: 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 | Jun 2026 —
- CWD: 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 — | Jun 2026 —


## 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, Valuation have fewer than three usable current readings.

## Every company
- Honeywell Automation India Ltd (HONAUT) — market value ₹33.7K Cr; latest fundamentals Jun 2026
- Sahasra Electronic Solutions Ltd (SAHASRA) — market value ₹775 Cr; latest fundamentals Mar 2026; includes UNVERIFIED second-feed figures
- OSEL Devices Ltd (OSELDEVICE) — market value ₹735 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 Jun 2026; prices through 2026-07-31.
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

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

Electronics - Others has outperformed NIFTY 500 by 15.5% over 52 weeks and 3.4% 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 ₹4,703 crore, based on 2 of 4 comparable companies through Jun 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 53.6/100 with 52.8% evidence confidence. The score prioritizes research; it is not a buy recommendation.

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

Honeywell Automation India Ltd has the lowest comparable PEG at 3.31, among 1 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

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

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 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.

### 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 Jun 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 Jun 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 Jun 2026.

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

Honeywell Automation India Ltd is the largest, with trailing-twelve-month revenue of ₹4,703 crore, ahead of CWD Ltd at ₹90 crore. That covers 2 of 4 companies with comparable reporting through Jun 2026.

### 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 ₹552 crore of trailing-twelve-month net profit, from 2 of 4 comparable companies. Honeywell Automation India Ltd has the fastest profit growth at 7.8%, 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 PEG — where a LOWER number is cheaper — Honeywell Automation India Ltd screens cheapest at 3.31×. Only 1 of 4 companies have earnings and growth steady enough for the ratio to mean anything, 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.

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

Electronics - Others has outperformed NIFTY 500 by 15.5% over the last 52 weeks and 3.4% 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 53.6 out of 100 with 52.8% evidence confidence, from 20.1 points on growth and earnings, 4.7 on capital efficiency, 10 on valuation and 18.8 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, ending Jun 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 ₹35,952 crore of combined market value. Honeywell Automation India Ltd is the largest at ₹33,729 crore, about 94% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

### 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 15.5% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

### 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.