Suyog Telematics Ltd
Incorporated in 1995, Suyog Telematics Limited is engaged primarily in the business of installing, commissioning and servicing of poles, towers and optical fibre cable (OFC ) systems, catering to the telecommunication industry with operators across 12 telecom circles in India.
The company is registered as Infrastructure Provider Category-I (IP-I) with the Department of Telecommunications (DoT).
- Market Cap ₹ 973 Cr.
- Current Price ₹ 831
- High / Low ₹ 925 / 525
- Stock P/E 16.4
- Book Value ₹ 417
- Dividend Yield 0.12 %
- ROCE 14.4 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
- Company's median sales growth is 16.1% of last 10 years
Cons
- Promoter holding has decreased over last quarter: -0.38%
- Dividend payout has been low at 2.98% of profits over last 3 years
- Working capital days have increased from 57.3 days to 113 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Telecommunication Telecommunication Telecom - Services Telecom - Infrastructure
Part of BSE Telecommunication
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 44 | 61 | 85 | 105 | 122 | 132 | 126 | 144 | 167 | 193 | 263 | 235 | |
| 13 | 20 | 32 | 51 | 53 | 67 | 66 | 40 | 51 | 49 | 82 | 107 | 79 | |
| Operating Profit | 9 | 24 | 29 | 34 | 52 | 56 | 66 | 87 | 93 | 117 | 110 | 157 | 156 |
| OPM % | 39% | 54% | 48% | 40% | 50% | 45% | 50% | 69% | 65% | 70% | 57% | 59% | 66% |
| 0 | 0 | 3 | 2 | 2 | 1 | 3 | 6 | 9 | 8 | 9 | 5 | 6 | |
| Interest | 2 | 3 | 5 | 8 | 7 | 6 | 10 | 14 | 16 | 20 | 17 | 21 | 23 |
| Depreciation | 2 | 3 | 3 | 4 | 6 | 7 | 16 | 22 | 26 | 34 | 47 | 58 | 60 |
| Profit before tax | 5 | 18 | 24 | 24 | 42 | 43 | 42 | 57 | 59 | 71 | 56 | 82 | 80 |
| Tax % | 37% | 34% | 28% | 23% | 31% | 24% | 42% | 27% | 22% | 11% | 28% | 24% | |
| 3 | 12 | 17 | 18 | 29 | 33 | 24 | 41 | 46 | 63 | 41 | 62 | 59 | |
| EPS in Rs | 3.30 | 11.82 | 16.69 | 18.20 | 28.20 | 32.53 | 24.03 | 39.48 | 44.18 | 59.38 | 36.43 | 53.15 | 51.20 |
| Dividend Payout % | 0% | 0% | 0% | 5% | 9% | 2% | 0% | 3% | 1% | 2% | 5% | 2% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 15% |
| 3 Years: | 22% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 21% |
| 3 Years: | 10% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 15% |
| 3 Years: | 12% |
| 1 Year: | -2% |
| Return on Equity | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | 18% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8 | 8 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 11 | 12 |
| Reserves | 15 | 27 | 42 | 60 | 87 | 117 | 133 | 178 | 224 | 288 | 389 | 477 |
| 13 | 27 | 61 | 61 | 58 | 44 | 93 | 118 | 158 | 150 | 213 | 335 | |
| 8 | 22 | 26 | 29 | 49 | 74 | 77 | 55 | 87 | 51 | 62 | 73 | |
| Total Liabilities | 44 | 84 | 138 | 160 | 204 | 245 | 314 | 361 | 480 | 500 | 676 | 898 |
| 20 | 39 | 68 | 86 | 101 | 126 | 196 | 256 | 340 | 366 | 410 | 539 | |
| CWIP | 2 | 4 | 6 | 5 | 11 | 14 | 19 | 12 | 3 | 7 | 46 | 88 |
| Investments | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 0 | 14 | 13 |
| 20 | 39 | 64 | 67 | 92 | 105 | 98 | 92 | 136 | 127 | 205 | 258 | |
| Total Assets | 44 | 84 | 138 | 160 | 204 | 245 | 314 | 361 | 480 | 500 | 676 | 898 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4 | 2 | -1 | 33 | 40 | 59 | 60 | 47 | 67 | 72 | 71 | 62 | |
| -11 | -11 | -27 | -21 | -27 | -36 | -45 | -74 | -108 | -63 | -146 | -109 | |
| 7 | 13 | 28 | -12 | -12 | -18 | -18 | 27 | 40 | -7 | 96 | 27 | |
| Net Cash Flow | -0 | 4 | 0 | -0 | 1 | 4 | -3 | 0 | -1 | 1 | 21 | -20 |
| Free Cash Flow | -7 | -9 | -33 | 10 | 13 | 24 | 14 | -28 | -34 | 8 | -59 | -31 |
| CFO/OP | 59% | 13% | 7% | 113% | 87% | 119% | 101% | 66% | 84% | 73% | 76% | 52% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 92 | 78 | 51 | 56 | 80 | 74 | 77 | 103 | 101 | 119 | 85 |
| Inventory Days | 9 | 15 | 14 | 22 | 13 | 25 | 103 | 96 | 154 | 150 | 40 | |
| Days Payable | 68 | 53 | 82 | 189 | 278 | 299 | 250 | 742 | 339 | 321 | 163 | |
| Cash Conversion Cycle | 45 | 33 | 40 | -17 | -111 | -185 | -199 | -70 | -542 | -83 | -52 | -38 |
| Working Capital Days | 2 | 6 | 116 | 58 | 64 | 8 | -37 | 15 | -7 | 11 | 47 | 113 |
| ROCE % | 25% | 43% | 33% | 26% | 34% | 30% | 26% | 26% | 22% | 22% | 14% | 14% |
Insights
In beta| Mar 2018 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Tenancy Ratio (Tenancies per Tower) x |
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| Total Telecom Towers towers |
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| Total Tenancies tenancies |
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| Small Cell Tenancies tenancies |
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| Government Sites Tenancies tenancies |
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| Bharti Airtel Share of Revenue % |
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| Fiber Network km |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Posted audio/video recording link for Q1 FY27 earnings conference call held August 12, 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Investor Presentation for the Quarter ended June 30, 2026
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Unaudited Financial Results (Standalone & Consolidated) Along With Limited Review Report For The Quarter Ended June 30, 2026
- Q1 FY27 standalone and consolidated results filed; limited review report submitted after omission.
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Announcement under Regulation 30 (LODR)-Change in Management
- Q1 FY27 results approved; WTD reappointed, final dividend record date set for September 11, 2026, AGM on September 22.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Board approved Q1 FY27 results, Sept 11 record date, Sept 22 AGM, and reappointment of Whole-time Director.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Concalls
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Aug 2026TranscriptPPT REC
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Jun 2026Transcript PPT REC
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Feb 2026TranscriptPPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Jan 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Oct 2021TranscriptPPTREC
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Aug 2021TranscriptPPTREC
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Jun 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
Business Portfolio[1]
Suyog Telematics Limited is a leading telecom infrastructure provider with expertise in telecom tower infrastructure, including high-power small cells, fiber connectivity, and eco-friendly solutions. The company operates across 26 states and union territories and with over 25 years of experience in the telecom sector, STL has built a strong track record in executing large-scale infrastructure projects.