Company Overview
Merritronix Limited is a business-to-business Electronics Systems Design and Manufacturing (ESDM) services provider specializing in high-reliability, mission-critical electronic assemblies and systems for defence, aerospace, telecommunications, and specialized industrial applications. The company has 37+ years of experience and has evolved from job work to turnkey electronics manufacturing and obsolescence management.
Business Model & Revenue Drivers
Job Work: Customers provide designs and materials while the company undertakes PCB assembly, soldering, testing and sub-assembly.
Obsolete Components Procurement/Engineering & Design: Supports legacy defence and aerospace platforms through obsolete component procurement, reverse engineering and selective redesign.
Trading Sales: Procures electronic and electromechanical components from authorized global suppliers and supplies them directly to customers.
Financial Performance (₹ in Lakhs)
Revenue: FY2026: ₹15,589.56; FY2025: ₹11,356.38; FY2024: ₹8,569.91
EBITDA: FY2026: ₹2,757.32; FY2025: ₹1,561.65; FY2024: ₹688.17
PAT: FY2026: ₹1,610.30; FY2025: ₹865.95; FY2024: ₹305.03
Total Expenses: FY2026: ₹12,867.51; FY2025: ₹9,842.35; FY2024: ₹7,913.16
Revenue Concentration
Aerospace & Defence: 97.81% of revenue
Geographic Distribution (FY2026): Telangana: 98.19% (₹15,306.97 lakhs), Haryana: 0.68% (₹107.75 lakhs), Uttar Pradesh: 0.66% (₹102.72 lakhs), Export Revenue: 0.37% (₹57.34 lakhs)
Recent Business Updates (June 2026)
Partnership with Analinear Design Technologies: Signed MoU as Preferred Manufacturing Partner for analog and mixed-signal electronics manufacturing.
Exclusive Manufacturing Partnership with Stuam Technologies: Entered into Exclusive Manufacturing Partnership MoU as preferred contract manufacturer for Stuam's current and future product portfolio.
Management Team
Mr. Dovari Amarnath: Managing Director, Bachelors in Computer Science from IIT Madras, 30+ years experience.
Mr. Dovari Yesudas: Chairperson and Executive Director, matriculation from Osmania University, 30+ years experience.
Mr. Darsy Kethan Chandra: Executive Director and CFO, B.Tech from JNTU Hyderabad, M.Sc from University of Northumbria UK.
Mr. Dovari Thaman: Promoter, Bachelors in Electrical and Electronics Engineering from JNTU Hyderabad.
Ms. Vanaja. D: Promoter, qualifications in Home Science, Law (LL.B., provisional LL.M.), Management (MBA), Ph.D from NALSAR University of Law.
Operational Capabilities
Certifications: EN 9100:2018 certified, NADCAP certification discussions initiated
Manufacturing Capacity: Panasonic NPM D3A commissioned in January 2026 increased SMD installed capacity from 7,65,000 to 10,75,000
Quality Standards: IPC-A-610 Class 3 compliant processes with automated inspection (AOI, X-ray, functional testing)
Key Projects Executed
- Infrared seeker assemblies for missile systems
- Electronic assemblies for airborne radar systems (ARS)
- Digital video recording systems (DVRS) for defence aircraft platforms
Balance Sheet Highlights (₹ in Lakhs)
FY2026: Share Capital: ₹1,278.49; Reserves & Surplus: ₹4,034.47; Net Worth: ₹5,312.96; Total Assets: ₹15,440.07
FY2025: Share Capital: ₹145.20; Reserves & Surplus: ₹1,538.95; Net Worth: ₹1,684.15; Total Assets: ₹7,418.05
FY2024: Share Capital: ₹145.20; Reserves & Surplus: ₹673.00; Net Worth: ₹818.20; Total Assets: ₹6,844.31
Stock Data (As of 14-07-2026)
BSE Code: MRTX (INE1RQS01010)
Share Price: ₹380.04 (Closing Price)
Market Capitalization: ₹664.51 Crores
Shares Outstanding: 1,74,84,854
Face Value: ₹10
52-week Range: ₹483.90 – ₹283.10
Disclaimer
This presentation constitutes forward-looking statements subject to known and unknown risks, uncertainties and assumptions. The company makes no representation or warranty regarding the truth, accuracy, completeness, fairness and reasonableness of the contents.