Motilal Oswal lists six stocks to buy within its EMS (electronics manufacturing services) coverage, outlining a growth outlook tied to expected order flows and execution. The brokerage projects that the EMS companies it tracks can deliver compound annual growth rates (CAGR) of 32% for revenue, 37% for EBITDA, and 46% for adjusted PAT over FY26–FY28E.
The report links this forecast to demand conditions, ongoing capacity additions, and the development of new products across key industry verticals. While the provided sources focus mainly on the brokerage’s aggregate growth assumptions and investment thesis, they do not present differing interpretations or conflicting figures. Rather, the emphasis remains on the expected drivers behind performance over the forecast period.
Overall, the coverage aligns on the core message: Motilal Oswal expects strong scaling in EMS-related earnings metrics over FY26–FY28E, supported by operational execution and market demand, as reflected in its stated CAGR projections.
