Suyog Telematics Ltd

Suyog Telematics Ltd

₹ 673 -3.62%
11 Jun - close price
About

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).

Key Points

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.

  • Market Cap 789 Cr.
  • Current Price 673
  • High / Low 957 / 525
  • Stock P/E 12.7
  • Book Value 417
  • Dividend Yield 0.27 %
  • ROCE 14.4 %
  • ROE 14.0 %
  • Face Value 10.0

Pros

Cons

  • The company has delivered a poor sales growth of 9.68% over past five years.
  • Dividend payout has been low at 2.98% of profits over last 3 years
  • Working capital days have increased from 67.0 days to 143 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
38 39 41 42 45 46 48 49 50 52 52 53 53
14 12 13 8 17 13 13 15 42 12 13 15 13
Operating Profit 24 27 28 34 29 33 35 34 8 39 40 38 40
OPM % 63% 70% 69% 81% 63% 71% 73% 70% 16% 76% 76% 71% 76%
1 1 3 1 2 2 5 1 0 2 1 1 1
Interest 5 4 6 5 4 3 4 4 5 5 5 5 6
Depreciation 10 7 8 8 10 11 11 12 13 14 14 14 15
Profit before tax 10 16 17 22 16 21 25 19 -9 21 22 19 20
Tax % -20% 24% 6% 11% 4% 19% 18% 12% 52% 20% 24% 25% 28%
13 12 16 19 16 17 20 17 -14 17 17 15 14
EPS in Rs 12.06 11.68 15.42 17.92 14.74 15.84 18.76 15.90 -12.38 15.20 14.83 12.41 12.07
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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
22 44 61 85 105 122 132 126 144 167 193 209
13 20 32 51 53 67 66 40 51 49 82 53
Operating Profit 9 24 29 34 52 56 66 87 93 117 110 157
OPM % 39% 54% 48% 40% 50% 45% 50% 69% 65% 70% 57% 75%
0 0 3 2 2 1 3 6 9 8 9 5
Interest 2 3 5 8 7 6 10 14 16 20 17 21
Depreciation 2 3 3 4 6 7 16 22 26 34 47 58
Profit before tax 5 18 24 24 42 43 42 57 59 71 56 82
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
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
Dividend Payout % 0% 0% 0% 5% 9% 2% 0% 3% 1% 2% 5% 2%
Compounded Sales Growth
10 Years: 17%
5 Years: 10%
3 Years: 13%
TTM: 9%
Compounded Profit Growth
10 Years: 18%
5 Years: 21%
3 Years: 10%
TTM: 54%
Stock Price CAGR
10 Years: 10%
5 Years: 9%
3 Years: 20%
1 Year: -31%
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 77 103 101 119 106
Inventory Days 9 15 14 22 13 25 103 96 154 150 189
Days Payable 68 53 82 189 278 299 250 742 339 321 766
Cash Conversion Cycle 45 33 40 -17 -111 -185 -199 -70 -542 -83 -52 -470
Working Capital Days 2 6 116 58 64 8 -37 15 -7 11 47 143
ROCE % 25% 43% 33% 26% 34% 30% 26% 26% 22% 22% 14% 14%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Co-location Ratio
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States and Union Territories Presence
Numbers
Total Telecom Towers
Numbers
Total Tenancies
Numbers
Fiber Network
kms

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
48.19% 47.93% 47.37% 47.37% 47.32% 47.30% 47.30% 49.53% 49.78% 49.77% 52.02% 52.02%
0.00% 0.00% 0.00% 4.70% 4.68% 4.30% 3.03% 3.05% 1.32% 1.29% 0.68% 0.64%
0.00% 0.00% 0.00% 0.04% 0.08% 0.01% 0.59% 0.67% 0.67% 0.61% 0.01% 0.01%
51.81% 52.07% 52.63% 47.90% 47.90% 48.38% 49.09% 46.75% 48.24% 48.33% 47.28% 47.34%
No. of Shareholders 3,4864,5995,3046,6158,06211,64015,80615,20414,73313,73813,10312,796

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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