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 ₹ 12,048 Cr.
- Current Price ₹ 678
- High / Low ₹ 685 / 355
- Stock P/E 148
- Book Value ₹ 84.3
- Dividend Yield 0.22 %
- 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 8.04 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.
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: | 39% |
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
- Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011 21h
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Rumour verification - Regulation 30(11)
2d - Clarification on Rs 1,800-cr PCB plant negotiations and government approvals; no undisclosed info or legal issues.
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Clarification sought from Syrma SGS Technology Ltd
2d - Exchange has sought clarification from Syrma SGS Technology Ltd on July 9, 2025, with reference to news appeared in www.moneycontrol.com dated July 9, 2025 quoting …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2025
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Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
30 Jun - Company Secretary Komal Malik resigns, effective July 30, 2025, for new role outside company.
Concalls
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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