Best of Top 10 Consumer Electronics Companies in India (2022)

In India Consumer Electronics companies have upgraded day-to-day needs based on customer fulfillment and companies manufacturing units’ technologies are 4.0.

Here we have analyzed consumer electronics companies and based on their profit ranked them.

10. Veto Switchgears & Cables Ltd

• Founded: 1967
• Headoffice: Mumbai, Maharashtra-400058
• Listed in Exchange: NSE(VETO), BSE(539331)
• Consumer electronics Brand: “VETO” and “VIMAL POWER”
• Industry: Consumer Durables
• website: www.vetoswitchgears.com

Veto Switchgear & Cable Profile:

Veto switchgear & Cable Ltd is formally known as Veto, they are one of the largest top consumer electronics companies and most diversified manufacturers of electrical and telecommunication cables.

The veto has been maintaining its leadership in the manufacturing of Industrial Wires and Cables for the last 50 years.

Veto is based on Consumer durable and basic industries a consumer electronics company in India. they are listed on the National Stock Exchange of India Limited (NSE) through the SME platform and Bombay Stock Exchange Limited (BSE).

Veto is engaged in the manufacturing of Wires & Cables, Electrical Accessories, Industrial Cables, Fans, CFL Lamps, Pumps, Modular Switches, LED lights, Immersion Heater, MCB, and distribution boards.

The veto will be more strengthening in the market of Northern East as Vankon is having marker share in UP & Northern East State almost they have cover 15 states become a major part of distribution network.

Veto Substdaries are:

• Veto Electricals Private Limited
• Veto LED Lighting Private Limited
• Veto Overseas Private F.Z.E.
• Vankon Modular Private Limited

Veto Financial Information:

• Revenue from operation: 18,886.95 Lakhs
• Profit before tax: 2,233.16 Lakhs
• Profit of the year FY22: 1,521.92 Lakhs

Key Ratio of Veto:

• Debtors turnover (times) 2.80
• Inventory turnover (times) 2.50
• Interest Coverage Ratio (times) 13.79
• Current Ratio (times) 2.47
• Debt-Equity Ratio (times) 0.20
• Operating Profit Margin (%) 15.78%
• Net Profit Margin (%) 11.87%
• Return on Net Worth (%) 10.73%

9. Symphony Limited

• Founded: 1939
• Headoffice: Ahmedabad, India
• Listed in Exchange: NSE(SYMPHONY), BSE(517385)
• Consumer electronics Brand: Symphony
• Industry: Consumer Durables
• website: www.symphonylimited.com/

Symphony Limited profile:

Symphony Limited entered the business of cooling products in India. Symphony has since emerged as the world’s largest air-coolers products and solutions company.

Symphony is a leading consumer electronics companies in India and introduces cooling needs of households, and commercial and industrial spaces

The symphony R&D team works closely with design engineers, air cooling technologists, and consumers to develop energy-efficient products that focus on reducing carbon footprint.

Symphony products are marketed in more than 60 countries, making them possibly the most widely available air-cooling brand in the world.

Symphony’s equity shares are listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Symphony Limited Financial Information:

• Revenue from operation: 655 crores
• Profit before tax: 78 crores
• Profit of the year FY22: 57 crores

The Key ratio of Symphony

Debtors Turnover (days): 61
Inventory Turnover (days):37
Current Ratio: 4.38
Operating Profit Margin (%): 23
Net Profit Margin (%): 21
Return on Net Worth: 16

8. Orient Electric Limited

Headoffice: Okhla, New Delhi – 110 020
Listed in Exchange: NSE(ORIENTELEC), BSE(541301)
Consumer electronics Brand: Orient
Industry: Consumer Durables
website: www.orientelectric.com/

Orient Electric Limited profile:

Orient Electric, has established itself as a one-stop provider of fans, lighting, home appliances,
switch gears and other electrical solutions became a part of the 150- year old CK Birla Group.

Orient Electric is a top consumer electronics companies in India and manufacturing facilities located in Kolkata, Faridabad, and Noida. Orient is the largest manufacturer and exporter of fans in India.

Faridabad (Haryana)
Kolkata (West Bengal)
Noida (Uttar Pradesh)

Orient Electric has had a strong & continuing partnership with the De’Longhi group since 2018-19.
This tie-up enabled the entry of the premium brands of De’Longhi, Kenwood & Braun into India.

Orient Electric’s equity shares are listed on the National Stock Exchange (NSE) and the Bombay
Stock Exchange (BSE) is among the Top 500 Listed companies by market capitalization.

Orient Electric Financial Information:

• Revenue from operation: 1,695.05 Crores
• Profit before tax: 104.29 Crores
• Profit of the year FY22: 77.86 Crores

The Key ratio of Orient Electric:

• RoCE (%): 38.7
• Debt-Equity Ratio: 0.03

7. Bluestar Limited

Founded: 1943
Headoffice: Mumbai
Listed in Exchange: NSE(BLUESTARCO), BSE(500067)
Consumer electronics Brand: BLUESTAR
Industry: Consumer Durables
website: www.bluestarindia.com/

Blue Star Limited profile:

Blue Star is India’s leading air conditioning and commercial refrigeration company, with an expansive
domestic and global footprint.

The blue star is one of India’s widest ranges of air conditioning and commercial refrigeration products, as well as a comprehensive range of air purifiers, air coolers, water purifiers, cold chain equipment, and specialty products.

Blue star is a top consumer electronic companies in India and They are experts in the areas of cooling, commercial refrigeration, purification, and project management.

Blue Star’s manufacturing footprint spans five state-of-the-art facilities across Wada, Dadra, Ahmedabad, and two in Himachal Pradesh, which are dedicated to various product lines.

• Blue star limited subsidiaries are:
  • Blue Star Engineering & Electronics Limited
  • Blue Star Qatar WLL
  • Blue Star International FZCO
  • Blue Star Systems and Solutions LLC
  • BSL AC&R (Singapore) Pte Ltd

To know more about Blue Star Limited use the link: blue-star-is-more-popular-in-india/

Blue Star Financial Information:

• Revenue from operation: 3 798.00 crores
• Profit before tax: 136.99 crores
• Profit of the year FY22: 91.73 crores

The key ratio of Blue star

• Debt Equity ratio of 0.0
• Return on Capital Employed of 27%
• Debtors Turnover Ratio of 5.2%
• Inventory Turnover Ratio of 3.7%
• Interest Coverage Ratio of 3.2%
• Current Ratio 1:3
• Net Worth: 938.83 crores

6. Dixon Technologies (India) Limited 

Founded: 1993
Headoffice: U.P. India
Listed in Exchange: NSE(DIXON), BSE(540699)
Consumer electronics Brand: Dixon
Industry: Consumer Durables
website: www.dixoninfo.com

Dixon Technologies (India) Profile:

Dixon Technologies (India) Limited is a leading consumer electronics companies and electronic manufacturing services (EMS) in India.

Dixon has provided a diversified portfolio across consumer electronics, home appliances, mobile phones, lighting solutions, security devices, Set-top boxes, Medical equipment, wearables, and reverse logistics.

Dixon Technologies has 14 manufacturing facilities to provide end-to-end solutions to customers in the lighting, mobile, and consumer durables markets

Dixon being the market leader in the LED TV manufacturing has the largest capacity of 4.4 Mn Units p.a. which is the largest capacity in India capturing approx 30% of the Indian Market requirement.

Dixon provides end-to-end solutions including Auto Insertion, SMT, and LCM Module Assembly.

Dixon Technologies (India) Financial Information:

• Revenue from operation: 5,81 ,469 lakhs
• Profit before tax: 15,203 Lakhs
• Profit of the year FY22: 11,592 Lakhs

The Key Ratio of Dixon Technologies:

• Net Debt equity ratio: (0.01)
• Interest Coverage Ratio: 8.9
• Current Ratio: 1.1
• Debtor turnover days: 46
• Inventory turnover days: 26
• Operating Profit Margin: 4.4%
• Net Profit Margin:2.5%
• Return on Net worth: 25.0%

5. V-Guard Industries Limited

Founded: 1977
Headoffice: Vennala Kochi – 682028,
Listed in Exchange: NSE(VGUARD), BSE(532953)
Consumer electronics Brand: V-Gaurd
Industry: Consumer Durables
website: www.vguard.in

V-Guard Industries Limited Profile:

V-Guard Industries Limited (V-Guard) is India’s leading consumer electronics companies and manufacturer, and marketer of innovative and experiential products in the electronics, electrical, and consumer durables segments.

V-Gaurd has highly equipped manufacturing facilities are located in Coimbatore and Perundurai
(Tamil Nadu), Kashipur and Roorkee (Uttarakhand), Kala Amb (Himachal Pradesh), and Sikkim.

• Sigment wise revenue from V-Guard
  • Electrical : 44.6%
  • Electronics: 28.1%
  • Consumer Durables: 27.3%

V-Gaurd has a network of 31 branches and over 40,000 channel partners enabling us to serve diverse
consumers pan-India. V-Gaurd equity shares of the Company are listed on the National Stock Exchange of India Limited (NSE) and BSE Ltd (BSE).

V-Gaurd Financial Information:

• Revenue from operation: 2,42,438.56 Lakhs
• Profit before tax: 18,980.96 Lakhs
• Profit of the year FY22: 13,619.36 Lakhs

The Key Ratio of V-Gaurd:

• Debtor (days): 52
• Inventory (days): 124
• Creditor (days): 93
• Working Capital Turnover (days): 83
• RoE: 16.5%
• Core RoCE: 41.8%

4. Whirlpool of India Ltd

Founded: 1980
Headoffice: Gurugram
Listed in Exchange: NSE(WHIRLPOOL), BSE(500238)
Consumer electronics Brand: WHIRLPOOL
Industry: Consumer Durables
website: www.whirlpoolindia.com

Whirlpool of India Ltd profile:

Whirlpool of India Ltd is a subsidiary of Whirlpool Corporation. They are the top consumer electronics companies and the largest manufacturers and marketers of major home appliances in India.

Whirlpool has three manufacturing facilities at Faridabad, Pondicherry, and Pune.Whirlpool in the Indian subcontinent with a wide product portfolio ranging from washing machines and refrigerators to air conditioners and kitchen appliances.

Whirlpool has World Class Manufacturing practices and Industry 4.0 technologies in their factories allow us to make a step change in sustained cost and quality competitiveness. Whirlpool are listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE).

Whirlpool of India Financial Information:

• Revenue from operation: 438,277 Lakhs
• Profit before tax: 19,705 Lakhs
• Profit of the year FY22: 14,332 Lakhs

The Key Ratio of Whirlpool of India

• Debtor Turnover ratio: 16.8
• Inventory Turnover ratio: 3.1
• Current Ratio: 2.09
• Operating Profit margin: 6.39
• Net Profit Margin: 5.65
• Return on Net Worth: 11.80

3. Voltas Limited

Founded: 1954
Headoffice: Mumbai
Listed in Exchange: NSE(VOLTAS), BSE(500575)
Consumer electronics Brand: Voltas
Industry: Consumer Durables
website: www.myvoltas.com

Voltas ltd profile:

Voltas is a part of the Indian multinational conglomerate, the TATA Group. Voltas is top consumer electronics companies and in the fields of Air Conditioning and Cooling Products (Unitary Products), Engineering Projects, and Engineering Products & Services.

Voltas is India’s undisputed leader in Cooling Products, and the No. 1 Room Air Conditioner brand and offers a wide product portfolio ranging from Air Conditioners, Air Coolers, and Water Dispensers to Water Coolers and Commercial Refrigeration products.

Voltas is also present in the Home Appliance segment through its 50:50 Joint Venture with Arçelik and The R&D capabilities of Arçelik and Voltas’ strong home presence cum distribution reach with more than 22,000 touchpoints will help Voltbek breakeven and achieve its target of 10% market share by 2024-25 in the Home Appliance segment.

• Voltas Manufacturing Facilities are:
  • Waghodia (Gujarat)
  • Sanand (Gujarat)
  • Pantnagar (Uttarakhand) (2 Units)

Apart from Consumer Durables, Voltas offers engineering solutions for a wide spectrum of industries. It covers areas such as MEP (Mechanical, Electrical, and Plumbing) and HVAC (Heating, Ventilation, and Air Conditioning), electro-mechanical projects, electrification, textile machinery, mining, and construction equipment, water management and treatment, cold chain solutions, building management systems, and indoor air quality management.

Voltas Financial Information:

• Revenue from operation: 5201.35 crores
• Profit before tax: 449.90 crores
• profit of the year FY22: 323.29 crores

The Key ratio of Voltas

• Return on Capital Employed: 13.29%
• Return on Equity: 10.64%
• Dividend Payout Ratio: 29%
• Debt: Equity ratio 0.05:1
• EPS (per share) 15.87
• Net Worth: 4,938 crores

2. Crompton Greaves Consumer Electricals Limited

Founded: 2015
Headoffice: Mumbai
Listed in Exchange: NSE(CROMPTON), BSE(539876)
Consumer electronics Brand: Crompton
Industry: Consumer Durables
website: www.crompton.co.in/

Crompton Ltd profile:

Crompton is one of India’s leading consumer electrical companies present in the Electrical Consumer Durables “ECD” and Lighting segment.

Crompton manufactures and distributes a wide range of consumer products ranging from fans, pumps, and appliances (Water heaters, air coolers, mixer grinders, iron) in the ECD segment and a full range of lighting products.

Crompton Manufacturing Locations:
• Goa
• Vadodara
• Ahmednagar
• Baddi

Crompton equity shares are listed on BSE Ltd. and the National Stock Exchange of India Ltd. The Non Convertible Debentures (NCDs) of the Company are listed on the Debt Segment of the National Stock Exchange of India Ltd.

Crompton Financial Information:

• Revenue from operation: 3,841.15 crores
• Profit before tax: 547.86 crores
• Profit of the year FY22: 411.72 crores

The key ratio of Crompton:

• Debtors Turnover Ratio: 10.09
• Inventory Turnover Ratio: 6.58
• Interest Coverage Ratio: 18.19
• Current Ratio: 1.92
• Debt Equity Ratio: 0.25
• Operating Profit Margin: 16.43%
• Net Profit Margin: 12.53%
• Return on Net Worth (RoNW): 35.71

1. Havells India Limited

Founded: 1958
Headoffice: Noida – 201304 U.P. (India)
Listed in Exchange: NSE(HAVELLS), BSE(517354)
Consumer electronics Brand: Havells, LLOYD, CRABTREE, REO, STANDARD
Industry: Consumer Durables
website: www.havells.com/

Havells India Ltd Profile:

Havells India Limited is top consumer electronics companies and leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer for domestic, commercial, and industrial applications with a strong global presence

Havells India is present in 60+ Countries Geographical Presence, 14,270 Strong Dealer networks, 39 Branch Offices, 14 Manufacturing Facilities across India

Havells competes in this market with four brands – Crabtree, Havells, Standard, and REO addressing the distinctive customer segments with a differentiated go-to-market approach. Crabtree competes in the luxury and B2B segments.

Havells has a strong presence both in the Consumer lighting and the Professional luminaire market segment. The focus is on Innovation, Brand building, and customer engagement. Specialized lighting design offering such as Tunnel Lighting, Facade & Landscaping Lighting, Smart lighting Solutions, and Highway lighting designs.

Lloyd has its own manufacturing facility for Air Conditioners (AC) and It is well placed to take advantage of the opportunity created by the prohibition on the import of gas-filled ACs.

Lloyd has entered the Refrigerator category which is the biggest sub-segment of the home appliances industry having a market Size of 12.5 Million Units and has launched a wide range of models both for the Direct cool and Frost-free segment.

Havells India Financial Information:

• Revenue from operation: 9,471 crores
• Profit before tax: 1,129 crores
• Profit of the year FY22: 842 crores

The key ratio of Havells India

• Debtors turnover (times): 25.67
• Inventory turnover (times): 4.64
• Interest Coverage Ratio (times): 18.12
• Current Ratio (times): 1.92
• Debt-Equity Ratio (times): 0.10
• Operating Profit Margin (%): 15.0%
• Net Profit Margin (%): 10.0%
• Return on Net Worth (%): 22.0%