Syrma SGS Technology Ltd
Incorporated in 2004, Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS). The company provides integrated services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage to volume production through concept co-creation and product realization.[1]
- Market Cap ₹ 15,885 Cr.
- Current Price ₹ 825
- High / Low ₹ 875 / 355
- Stock P/E 150
- Book Value ₹ 84.1
- Dividend Yield 0.18 %
- ROCE 6.34 %
- ROE 4.54 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 71.5%
Cons
- Stock is trading at 9.82 times its book value
- Company has a low return on equity of 3.63% over last 3 years.
- Earnings include an other income of Rs.61.9 Cr.
- Company has high debtors of 185 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|
354 | 397 | 438 | 646 | 1,136 | 1,833 | 2,278 | 2,024 | |
312 | 328 | 390 | 588 | 1,053 | 1,798 | 2,134 | 1,863 | |
Operating Profit | 42 | 69 | 48 | 58 | 83 | 35 | 144 | 161 |
OPM % | 12% | 17% | 11% | 9% | 7% | 2% | 6% | 8% |
3 | 2 | 6 | 8 | 37 | 51 | 44 | 62 | |
Interest | 8 | 10 | 6 | 5 | 16 | 30 | 47 | 48 |
Depreciation | 10 | 10 | 12 | 13 | 17 | 32 | 46 | 48 |
Profit before tax | 27 | 52 | 36 | 48 | 86 | 24 | 95 | 127 |
Tax % | 23% | 16% | 21% | 36% | 36% | 16% | 16% | |
21 | 44 | 29 | 31 | 55 | 20 | 80 | 104 | |
EPS in Rs | 298.68 | 615.26 | 382.62 | 2.22 | 3.11 | 1.13 | 4.48 | 5.83 |
Dividend Payout % | 0% | 0% | 0% | 0% | 48% | 133% | 34% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 52% |
TTM: | -14% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 30% |
TTM: | 649% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 41% |
1 Year: | 76% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 4% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Equity Capital | 0.70 | 0.70 | 0.75 | 138 | 177 | 177 | 178 |
Reserves | 56 | 101 | 237 | 406 | 1,278 | 1,264 | 1,320 |
101 | 90 | 61 | 138 | 256 | 502 | 539 | |
128 | 155 | 160 | 233 | 460 | 1,157 | 1,441 | |
Total Liabilities | 286 | 347 | 460 | 915 | 2,172 | 3,101 | 3,478 |
86 | 86 | 81 | 114 | 248 | 474 | 495 | |
CWIP | 0 | 0 | 0 | 40 | 25 | 10 | 55 |
Investments | 0 | 0 | 89 | 404 | 461 | 678 | 676 |
200 | 260 | 290 | 356 | 1,438 | 1,939 | 2,251 | |
Total Assets | 286 | 347 | 460 | 915 | 2,172 | 3,101 | 3,478 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
10 | 71 | 24 | 13 | -61 | -185 | 87 | |
-22 | -26 | -95 | -387 | -861 | 15 | -46 | |
13 | -21 | 68 | 355 | 942 | 180 | -40 | |
Net Cash Flow | 2 | 25 | -3 | -19 | 20 | 10 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|
Debtor Days | 102 | 107 | 106 | 97 | 74 | 140 | 185 |
Inventory Days | 106 | 110 | 100 | 95 | 147 | 158 | 95 |
Days Payable | 152 | 172 | 149 | 123 | 150 | 245 | 271 |
Cash Conversion Cycle | 57 | 45 | 58 | 69 | 71 | 53 | 10 |
Working Capital Days | 1 | -4 | 38 | -17 | 11 | 0 | 0 |
ROCE % | 38% | 17% | 11% | 9% | 3% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Notice for 21st Annual General Meeting of the Company and information pertaining to e-voting
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Announcement under Regulation 30 (LODR)-Updates on Joint Venture
2d - Andhra Pradesh approves 26.70-acre allotment and incentives for Syrma-Shinhyup JV; INR 1,595 crore investment.
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Business Responsibility and Sustainability Reporting (BRSR)
3 Sep - Filed Business Responsibility and Sustainability Report (BRSR) for FY 2024-25; included in Annual Report.
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Reg. 34 (1) Annual Report.
3 Sep - AGM on Sept 26, 2025; annual report released; record date Sept 19; final dividend ₹1.50/share.
- Notice Of 21St Annual General Meeting (''AGM'') Of Syrma SGS Technology Limited To Be Held On Friday, September 26, 2025 At 04:00 P.M. (IST) Through Video Conferencing (''VC'') Facility/ Other Audio Visual Means (''OAVM''). 3 Sep
Annual reports
Concalls
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Jul 2025Transcript PPT REC
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May 2025Transcript PPT REC
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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 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
About[1] Syrma is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services (“EMS”), specializing in precision manufacturing for diverse end-use industries. They are leaders in high-mix volume product management and are present in most industrial verticals