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 ₹ 733 Cr.
- Current Price ₹ 657
- High / Low ₹ 1,969 / 640
- Stock P/E 19.6
- Book Value ₹ 388
- Dividend Yield 0.27 %
- ROCE 13.7 %
- ROE 11.6 %
- Face Value ₹ 10.0
Pros
- Promoter holding has increased by 2.24% over last quarter.
Cons
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|
| 167 | 193 | 209 | |
| 49 | 82 | 84 | |
| Operating Profit | 117 | 110 | 125 |
| OPM % | 70% | 57% | 60% |
| 8 | 9 | 5 | |
| Interest | 20 | 17 | 20 |
| Depreciation | 34 | 47 | 55 |
| Profit before tax | 71 | 56 | 54 |
| Tax % | 11% | 28% | |
| 63 | 41 | 37 | |
| EPS in Rs | 59.38 | 36.43 | 33.85 |
| Dividend Payout % | 2% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 11% |
| 3 Years: | 24% |
| 1 Year: | -63% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|
| Equity Capital | 11 | 11 | 11 |
| Reserves | 288 | 389 | 423 |
| 150 | 213 | 271 | |
| 51 | 71 | 66 | |
| Total Liabilities | 500 | 684 | 772 |
| 366 | 429 | 472 | |
| CWIP | 7 | 46 | 66 |
| Investments | 0 | 1 | 0 |
| 127 | 208 | 233 | |
| Total Assets | 500 | 684 | 772 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| 72 | 79 | |
| -63 | -152 | |
| -7 | 96 | |
| Net Cash Flow | 1 | 22 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2024 | Mar 2025 | |
|---|---|---|
| Debtor Days | 101 | 120 |
| Inventory Days | 154 | 150 |
| Days Payable | 339 | 478 |
| Cash Conversion Cycle | -83 | -208 |
| Working Capital Days | 11 | 33 |
| ROCE % | 14% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 21 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
17 Nov - Transcript: Q2 FY26—revenue INR554m, EBITDA INR417m; expects 6,000 BSNL sites; INR600cr CapEx, bank sanction INR150cr.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Of Newspaper Advertisement of Unaudited (Standalone and Consolidated) Financial Results for the Quarter and Half Year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
12 Nov - Posted recording of Q2 & H1 FY25-26 post-earnings call (Nov 12, 2025): https://youtu.be/qfC9watgKV0
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Nov - Of Investor Presentation for the Quarter and Half year ended September 30, 2025
Annual reports
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Financial Year 2025
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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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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 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Jan 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Oct 2021TranscriptNotesPPTREC
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Aug 2021TranscriptNotesPPTREC
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Jun 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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.