Waves Electronics: Comprehensive Tender Performance Analysis

Waves Electronics Pvt Ltd, a prominent player in the Indian electronics manufacturing sector, demonstrates a strategic presence in government tenders. With 62 tender participations between April 2018 and March 2025, this analysis highlights their bidding performance, tender success patterns, and competitive positioning in the Indian government procurement landscape. A key strength is their 22.6% win rate, resulting in 14 L1 bids being secured. Notably, they have engaged in 6 high-value government contracts, showcasing their capacity to manage significant public sector projects. Waves Electronics' financial health is assessed as 'Satisfactory' with a score of 53.3/100, driven by a robust qualification rate and bid efficiency.

Their market positioning is characterized by a strong regional presence in Andaman & Nicobar and West Bengal government tenders, along with notable engagement with the Department of Defence Production. This strategic focus allows for specialized procurement expertise. The company's financial performance showcases a total secured government contract value of ₹21,43,97,977, converted from ₹,21,43,97,977 in bid value.

Financial Performance Analysis

An overview of Waves Electronics' financial performance from FY 2018-19 to FY 2024-25 reveals a fluctuating, yet overall positive trajectory. While no bids were recorded until FY 2021-22, the subsequent years have seen increasing activity and contract wins.