# Optiemus Infra: EMS growth powers mid-cap play

> Optiemus Infracom delivered strong FY26 results with 15% revenue growth, but valuations at P/E 42.5 price in high expectations.
- Title: Optiemus Infra: EMS growth powers mid-cap play · TradingView
- Summary: Optiemus Infracom delivered strong FY26 results with 15% revenue growth, but valuations at P/E 42.5 price in high expectations. Optiemus is a diversified…
- Keywords: optiemus infracom, nse optiemus, electronics manufacturing services, ems expansion, smartphone assembly, telecom distribution, mid-cap stock, fy26 results, ashok gupta, make in india, valuation risk, business
- Source: TradingView — https://tradingview.com/chart/OPTIEMUS/IJrnCSDd-OPTIEMUS-INFRA
- Published: 2026-09-16T02:31:49+00:00
- Read time: 1 min
- Topics: optiemus infracom, nse optiemus, electronics manufacturing services, ems expansion, smartphone assembly, telecom distribution, mid-cap stock, fy26 results, ashok gupta, make in india, valuation risk, business
## Optiemus: diversified telecom and EMS player
Gurugram-based Optiemus Infracom operates across telecom distribution, mobile handset manufacturing, electronics, and infrastructure services. The company partners with global brands and manufactures electronics under the Make in India initiative.
## FY26 shows strong growth across metrics
Revenue grew 15.3% to 3,242 crore, net profit jumped 16.5% to 212 crore, and EBITDA margin expanded 70 basis points to 14.3%. EPS rose 16.8% to 14.25 rupees.
## Promoter backing and dividend payouts
Ashok Gupta and family hold 74.6% with no pledges, providing strong stability. The company declared a dividend of 2.50 rupees per share for FY26.
## Strategic expansion in EMS and IoT
Optiemus is investing in electronics manufacturing services facilities and smartphone assembly plants. The company is also diversifying into IoT devices and telecom infrastructure.
## Valuation concerns despite solid performance
At 605 rupees, the stock trades at a P/E of 42.5 and P/B of 4.3, reflecting expensive valuations. High smartphone demand cycles and import cost volatility pose risks.
## Competitive landscape and balance sheet
Optiemus faces competition from Dixon Technologies, Amber Enterprises, and Foxconn India. The company maintains moderate leverage with debt-to-equity of 0.42 and market cap of 6,200 crore.
## Key takeaway

Optiemus is a diversified telecom and electronics manufacturer with solid fundamentals and promoter backing, but expensive valuations reflect growth already priced in.