Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹3,688Cr
Rev Gr TTM
Revenue Growth TTM
-10.25%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

OPTIEMUS
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 75.1 | 36.8 | -8.8 | 47.5 | 43.9 | 75.0 | 73.7 | -2.1 | -8.3 | -11.6 | -12.2 | -8.8 |
| 341 | 268 | 261 | 459 | 461 | 470 | 448 | 438 | 426 | 409 | 385 | 400 |
Operating Profit Operating ProfitCr |
| -0.3 | 4.8 | 4.9 | 4.8 | 5.9 | 4.6 | 6.1 | 7.2 | 5.2 | 6.2 | 8.0 | 7.0 |
Other Income Other IncomeCr | 30 | 4 | 2 | 2 | 15 | 5 | 5 | 1 | 9 | 3 | 2 | 3 |
Interest Expense Interest ExpenseCr | 2 | 1 | 2 | 2 | 3 | 7 | 8 | 8 | 7 | 5 | 5 | 6 |
Depreciation DepreciationCr | 4 | 4 | 4 | 4 | 6 | 6 | 7 | 6 | 4 | 6 | 6 | 8 |
| 24 | 12 | 9 | 19 | 36 | 15 | 20 | 21 | 21 | 19 | 25 | 19 |
| 6 | 3 | 4 | 1 | 12 | 3 | 6 | 6 | -1 | 4 | 8 | 7 |
|
Growth YoY PAT Growth YoY% | 508.5 | 88.5 | -23.9 | 42.6 | 39.6 | 29.3 | 154.3 | -16.3 | -6.6 | 19.7 | 22.2 | -18.5 |
| 5.1 | 3.3 | 2.0 | 3.7 | 4.9 | 2.5 | 2.9 | 3.2 | 5.0 | 3.3 | 4.0 | 2.8 |
| 2.0 | 1.1 | 0.6 | 2.1 | 2.8 | 1.4 | 1.6 | 1.8 | 2.6 | 1.7 | 1.9 | 1.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| -37.4 | -25.2 | -20.0 | -53.6 | 64.3 | -71.6 | -45.5 | 159.8 | 148.9 | 30.1 | 23.7 | -8.3 |
| 2,461 | 1,842 | 1,492 | 659 | 1,215 | 409 | 280 | 491 | 1,149 | 1,449 | 1,782 | 1,619 |
Operating Profit Operating ProfitCr |
| 4.2 | 4.1 | 2.9 | 7.7 | -3.6 | -22.7 | -54.0 | -4.0 | 2.1 | 5.2 | 5.7 | 6.6 |
Other Income Other IncomeCr | 7 | 10 | 29 | 16 | 62 | -5 | 110 | 35 | 47 | 23 | 21 | 18 |
Interest Expense Interest ExpenseCr | 40 | 43 | 44 | 33 | 42 | 8 | 6 | 5 | 6 | 8 | 30 | 24 |
Depreciation DepreciationCr | 33 | 23 | 19 | 16 | 17 | 10 | 5 | 6 | 13 | 18 | 22 | 24 |
| 43 | 23 | 11 | 22 | -39 | -98 | 1 | 5 | 53 | 76 | 77 | 84 |
| 16 | 10 | 4 | 6 | 2 | -8 | 2 | 6 | 11 | 19 | 13 | 18 |
|
| -43.6 | -52.9 | -47.9 | 141.3 | -354.7 | -118.7 | 98.7 | 23.4 | 4,642.5 | 35.6 | 11.6 | 4.2 |
| 1.1 | 0.7 | 0.4 | 2.3 | -3.5 | -27.2 | -0.7 | -0.2 | 3.6 | 3.7 | 3.4 | 3.8 |
| 3.2 | 1.5 | 0.9 | 1.6 | -7.2 | -9.8 | 11.0 | -0.1 | 4.9 | 6.6 | 7.4 | 7.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 86 | 87 | 88 |
| 161 | 162 | 207 | 225 | 235 | 150 | 245 | 244 | 297 | 341 | 527 | 627 |
Current Liabilities Current LiabilitiesCr | 485 | 264 | 539 | 454 | 328 | 155 | 159 | 216 | 465 | 847 | 720 | 434 |
Non Current Liabilities Non Current LiabilitiesCr | 189 | 160 | 220 | 246 | 205 | 185 | 5 | 20 | 64 | 74 | 138 | 139 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 700 | 464 | 794 | 693 | 571 | 326 | 364 | 366 | 625 | 1,002 | 1,078 | 796 |
Non Current Assets Non Current AssetsCr | 221 | 210 | 261 | 313 | 284 | 249 | 130 | 200 | 286 | 345 | 473 | 540 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 107 | 124 | 91 | -26 | 73 | 44 | -56 | 28 | 1 | 40 | -13 |
Investing Cash Flow Investing Cash FlowCr | -2 | 26 | -81 | 77 | 57 | -7 | 223 | 24 | -82 | -51 | -51 |
Financing Cash Flow Financing Cash FlowCr | -105 | -120 | -8 | -102 | -177 | -47 | -136 | -64 | 70 | 25 | 178 |
|
Free Cash Flow Free Cash FlowCr | 103 | 120 | 93 | -30 | 81 | 42 | 227 | -15 | -35 | -21 | -51 |
| 388.1 | 955.7 | 1,342.9 | -162.5 | -177.0 | -48.1 | 4,621.4 | -3,003.1 | 2.8 | 71.1 | -19.8 |
CFO To EBITDA CFO To EBITDA% | 98.2 | 155.3 | 200.2 | -47.8 | -175.5 | -57.7 | 56.8 | -146.2 | 4.7 | 51.3 | -11.6 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 238 | 415 | 526 | 2,083 | 807 | 145 | 1,041 | 2,737 | 1,767 | 2,164 | 3,753 |
Price To Earnings Price To Earnings | 8.7 | 32.0 | 77.6 | 149.8 | 0.0 | 0.0 | 11.0 | 0.0 | 42.2 | 38.1 | 59.3 |
Price To Sales Price To Sales | 0.1 | 0.2 | 0.3 | 2.9 | 0.7 | 0.4 | 5.7 | 5.8 | 1.5 | 1.4 | 2.0 |
Price To Book Price To Book | 1.0 | 1.7 | 1.8 | 6.7 | 2.5 | 0.6 | 3.1 | 8.3 | 4.6 | 5.1 | 6.1 |
| 3.9 | 6.5 | 16.3 | 42.8 | -24.5 | -4.6 | -11.2 | -145.2 | 75.3 | 29.2 | 35.1 |
Profitability Ratios Profitability Ratios |
| 9.1 | 8.3 | 8.3 | 24.7 | 9.2 | 5.6 | 7.9 | 5.0 | 11.2 | 15.4 | 12.4 |
| 4.2 | 4.1 | 2.9 | 7.7 | -3.6 | -22.7 | -54.0 | -4.0 | 2.1 | 5.2 | 5.7 |
| 1.1 | 0.7 | 0.4 | 2.3 | -3.5 | -27.2 | -0.7 | -0.2 | 3.6 | 3.7 | 3.4 |
| 15.0 | 13.8 | 8.8 | 8.0 | 0.6 | -19.6 | 1.8 | 2.6 | 11.8 | 14.2 | 13.1 |
| 11.1 | 5.2 | 2.3 | 5.2 | -12.9 | -38.4 | -0.4 | -0.3 | 10.9 | 13.3 | 10.3 |
| 3.0 | 1.9 | 0.6 | 1.6 | -4.8 | -15.8 | -0.2 | -0.2 | 4.6 | 4.2 | 4.1 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
**Optiemus Infracom Limited (OIL)** is a publicly listed Indian telecommunications and high-performance electronics manufacturing company with over **25 years of experience** in technology innovation, distribution, and manufacturing across the Indian subcontinent. Founded by pioneers who introduced the first mobile phone to India in 1995, the company has evolved from a B2C-focused distributor into a vertically integrated **end-to-end Electronics Manufacturing Services (EMS)** player.
Headquartered in Noida, Uttar Pradesh, Optiemus has strengthened its position as a key enabler of India’s **"Make in India"** and **"Atmanirbhar Bharat"** initiatives through strategic subsidiaries, joint ventures, and advanced manufacturing facilities.
---
### **Core Business Segments**
1. **Electronics Manufacturing Services (EMS)**
- Full-stack manufacturing of **telecom, IT, IoT, wearables, hearables, smartphones, laptops, drones, and high-end PCBs**.
- Services include prototyping, supply chain management, assembly, repair, and refurbishment.
2. **Trading & Distribution**
- Wholesaler of telecommunications equipment and allied products across India.
- Leverages strong domestic supplier and customer networks.
3. **Innovation & Strategic Manufacturing**
- Focus on **drone technology**, **smart enterprise hardware**, **glass finishing**, and **AIoT solutions** via subsidiaries and joint ventures.
---
### **Subsidiaries & Key Entities**
| Entity | Focus Area | Key Details |
|-------|-----------|-----------|
| **Optiemus Electronics Limited (OEL)** | Hearables, Wearables, AIoT, Telecom, IT, Defense | Wholly owned subsidiary; established in 2016; operates two major Noida facilities (Sectors 63 & 65). |
| **GDN Enterprises Pvt. Ltd.** | EMS for Telecom & Devices | Acquired in 2022; beneficiary of PLI Scheme for Telecommunication Products. |
| **Optiemus Telecommunication Pvt. Ltd. (OTPL)** | Telecom & IT Hardware Manufacturing | Newer subsidiary; selected under PLI Scheme for IT Hardware. |
| **Optiemus Unmanned Systems Pvt. Ltd. (OUS)** | Defense, Agri-Tech, and AI-Powered Drones | Incorporated in June 2024; focuses on indigenous drone tech with >65% localization. |
| **Bharat Innovative Glass Technologies Pvt. Ltd. (BIGTech)** | Cover Glass Manufacturing | 70:30 JV with Corning Inc.; India’s first domestic cover glass finishing plant. |
---
### **Recent Strategic Developments (2024–2025)**
#### **1. Strategic Joint Ventures & Collaborations**
| Partnership | Date | Objective |
|-----------|-------|---------|
| **Corning Inc. (USA)** | Sep 2024 | Formed **BIGTech**, a JV to manufacture high-quality cover glass for mobile phones and consumer electronics – ending 100% import reliance on China. Facility in SIPCOT, Tamil Nadu; INR 1,003 crore investment; Phase 1 capacity: **30 million units/year**. |
| **Ordinary Theory LLC (USA)** | Sep/Nov 2025 | 51:49 majority-stake JV with Optiemus to co-develop **"Made in India" smart enterprise hardware** for global B2B markets. Targets fintech, retail, logistics, and AI sectors. Ordinary Theory brings 90–95% global share in handheld POS devices. |
| **Nothing (Global Brand)** | Sep/Nov 2025 | JV to establish **world-class manufacturing hubs** for **premium smartphones, IoT, and AI-driven devices** under the **CMF** brand – India’s first global consumer tech brand. Investment: **>$100 million**, creating **1,800+ jobs** in 3 years. |
| **TP-Link (Global Networking)** | Sep 2025 | Partnership for indigenous design & manufacturing of **telecom and networking equipment** in India, including GPON routers and ONTs. Also supports PLI component localization. |
| **ASRock (Taiwan)** | Apr 2025 | Local production of **AI motherboards** and advanced desktop motherboards in India. Fully automated nitrogen reflow process ensures high-reliability PCB assembly. |
| **Arcadyan (Taiwan)** | May 2025 | Manufacturing **Jio-branded networking gear**, including fiber modems and routers. |
| **Wistron Corp (Taiwan)** | 2021–2022 | Former JV partner; helped establish capabilities in IT hardware, EVs, and mobile manufacturing under PLI. OEL now fully owned by Optiemus. |
---
### **Key Manufacturing Capabilities & Facilities**
| Facility | Location | Focus | Capacity |
|--------|--------|------|--------|
| **OEL Unit 1 (Sector 63, Noida)** | Noida, UP | Hearables, Wearables, Smartphones | 1 million units/month (hearables/wearables) |
| **OEL Unit 2 (Sector 65, Noida)** | Noida, UP | Smartphones, Laptops, Telecom Boards | Up to 8.5 million smartphones/month; 900,000 combined output |
| **GDN Enterprises** | Noida, UP | Telecom Devices | State-of-the-art EMS facility; PLI beneficiary |
| **Planned Unit 3 (Sector 85, Noida)** | Noida, UP | Wearables Expansion | 2.4 million units/month (by mid-2023) |
| **BIGTech Facility** | SIPCOT, Tamil Nadu | Cover Glass Finishing | 30 million units/year (Phase 1); INR 1,003 cr investment |
| **New State-of-the-Art Facility** | Noida, UP | Multi-product EMS | Launching Q1 2026; aims for improved efficiency, QA, and faster time-to-market |
Total Manufacturing Footprint: **65,000 sq. meters** across 5 advanced units.
---
### **Innovation & Market Expansion Initiatives**
#### **1. Drones & Defense Technology (via OUS)**
- **Indigenous Drones Launched** (Apr–Aug 2025):
- **Marak VT100**: VTOL ISR drone for surveillance.
- **Vajra QC55**: AI-powered multirotor for defense & agriculture.
- **CLAM**: Canister-launched loitering munition (30 min endurance, 30 km range).
- **FPV OFC Drones**: Fiber-optic guided for GPS-denied environments.
- **Partnerships**:
- **Avix Technology (Taiwan)**: Co-developing AI-enabled cameras, gimbals, and drone subsystems in India.
- **KunWay (Taiwan)**: Localizing AI drone manufacturing for defense and homeland security.
- **LS Spectrum (Germany)**: Assembling and marketing **spectrum analyzer drones** in Noida for defense and telecom.
- **R&D Focus**:
- Drones operable in **GPS-denied, jammed environments**.
- RF countermeasures (drone jamming/neutralization).
- Conversion of conventional munitions into **AI-powered smart weapons**.
#### **2. Agricultural Drones (Drone-as-a-Service – DaaS)**
- **Agri Shakti 10L Drone** (Jul 2024): Priced at **₹2.25 lakh**, used for spraying, crop monitoring.
- **Hub-and-Spoke Model** for efficient service delivery.
- **Investment**: ₹140 crore for **5,000 drones** by end-2025.
- **Goal**: Train **6,000 pilots**, generate **₹600–900 crore** in service revenue by 2025.
#### **3. Glass & Component Manufacturing**
- **RhinoTech Screen Protectors**:
- Co-developed with **Corning USA**.
- Produced in Noida; features **antimicrobial tempered glass (TUV validated)**.
- **BIGTech Cover Glass Facility**:
- Inaugurated in **Aug 2025** – **India’s first** dedicated tempered glass plant.
- Full in-house capabilities: cutting, polishing, tempering, coating, printing.
- Capacity: **1 million units/month** now, scalable to **4 million** post-BIS standards.
---
### **Strategic Growth Verticals & Markets**
| Vertical | Key Activities | Partners/Customers |
|--------|---------------|-------------------|
| **Hearables & Wearables** | OEM for **boAt, Noise, Truke, Xiaomi, OnePlus, Realme, HARMAN** | Launched **OnePlus Bullets Wireless Z3**; new factory nearing 1.5 million units/month |
| **Telecom & Networking** | GPON, routers, baseband units, 4G RRH | **Jio, TP-Link, Tejas Networks, Arcadyan** |
| **AI & IoT Devices** | AI-powered hearables, trackers, dashcams | **OnePlus, Realme, global B2B brands** |
| **Premium Smartphones** | Local manufacturing with **Nothing** | CMF brand production |
| **Defense & Security** | ISR, loitering munitions, electronic warfare drones | **Indian Armed Forces, ISRO, DRDO, paramilitary** |
| **Agriculture & Civil Aviation** | Crop monitoring, spraying, spectrum analysis | Fertilizer companies, govt. cooperatives, agricultural universities |
---
### **Government Schemes & Incentives**
- **PLI Scheme Beneficiary** under multiple categories:
- **Telecom & Networking Products** (GDN Enterprises)
- **IT Hardware Products** (OTPL)
- **Mobile Phones & Components** (OEL)
- Actively pursuing **Electronics Component Manufacturing PLI Scheme** for:
- Displays, camera modules, mechanical components
- Supporting **Phased Manufacturing Program (PMP)** for wearables and hearables.