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 ₹ 9,423 Cr.
- Current Price ₹ 531
- High / Low ₹ 647 / 355
- Stock P/E 116
- Book Value ₹ 84.3
- Dividend Yield 0.28 %
- ROCE 7.22 %
- ROE 5.54 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 71.5%
Cons
- Stock is trading at 6.29 times its book value
- Company has a low return on equity of 4.02% over last 3 years.
- 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.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Part of Nifty 500 BSE SmallCap BSE Allcap BSE Industrials Nifty MidSmallcap 400
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 | |
---|---|---|---|---|---|---|---|
354 | 397 | 438 | 646 | 1,136 | 1,833 | 2,278 | |
312 | 328 | 390 | 588 | 1,053 | 1,798 | 2,134 | |
Operating Profit | 42 | 69 | 48 | 58 | 83 | 35 | 144 |
OPM % | 12% | 17% | 11% | 9% | 7% | 2% | 6% |
3 | 2 | 6 | 8 | 37 | 51 | 44 | |
Interest | 8 | 10 | 6 | 5 | 16 | 30 | 47 |
Depreciation | 10 | 10 | 12 | 13 | 17 | 32 | 46 |
Profit before tax | 27 | 52 | 36 | 48 | 86 | 24 | 95 |
Tax % | 23% | 16% | 21% | 36% | 36% | 16% | 16% |
21 | 44 | 29 | 31 | 55 | 20 | 80 | |
EPS in Rs | 298.68 | 615.26 | 382.62 | 2.22 | 3.11 | 1.13 | 4.49 |
Dividend Payout % | -0% | -0% | -0% | -0% | 48% | 133% | 34% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 52% |
TTM: | 24% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 39% |
TTM: | 288% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 4% |
Last Year: | 6% |
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 | 1,151 | 1,441 | |
Total Liabilities | 286 | 347 | 460 | 915 | 2,172 | 3,095 | 3,478 |
86 | 86 | 81 | 114 | 248 | 474 | 498 | |
CWIP | 0 | 0 | -0 | 40 | 25 | 10 | 52 |
Investments | -0 | -0 | 89 | 404 | 461 | 678 | 676 |
200 | 260 | 290 | 356 | 1,438 | 1,933 | 2,251 | |
Total Assets | 286 | 347 | 460 | 915 | 2,172 | 3,095 | 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 | -186 | 87 | |
-22 | -26 | -95 | -387 | -861 | 14 | -47 | |
13 | -21 | 68 | 355 | 942 | 182 | -40 | |
Net Cash Flow | 2 | 25 | -3 | -19 | 20 | 10 | 0 |
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 | 59 | 52 | 65 | 57 | 65 | 87 | 80 |
ROCE % | 38% | 17% | 11% | 9% | 3% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Transcript of the Investors conference call held for the audited Financial Results (Consolidated and Standalone) of the Company for the quarter and year ended March …
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Compliance With Regulation 32(1) Of SEBI (LODR) Regulations, 2015
15 May - No deviation in utilization of IPO funds of INR 8401.26 Mn as of March 31, 2025.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
15 May - Q4 FY25 monitoring report confirms IPO proceeds used as disclosed; no deviations, minor delay in capital expenditure.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
14 May - Newspaper advertisement for audited (Standalone and Consolidated) financial results of the Company for the quarter and year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 May - Audio recording of Q4 and FY25 results conference call uploaded on company website.
Concalls
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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 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