Syrma SGS Technology Ltd

Syrma SGS Technology Ltd

₹ 820 -3.53%
28 Nov - close price
About

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]

Key Points

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

  • Market Cap 15,817 Cr.
  • Current Price 820
  • High / Low 910 / 355
  • Stock P/E 87.0
  • Book Value 145
  • Dividend Yield 0.18 %
  • ROCE 6.34 %
  • ROE 4.54 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 71.5%

Cons

  • Stock is trading at 5.66 times its book value
  • Promoter holding has decreased over last quarter: -3.45%
  • Company has a low return on equity of 3.63% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
243 276 430 308 393 404 727 816 796 514 465 917 1,087
224 261 399 302 382 399 718 802 732 479 418 822 982
Operating Profit 19 16 30 6 11 6 9 14 64 36 48 95 105
OPM % 8% 6% 7% 2% 3% 1% 1% 2% 8% 7% 10% 10% 10%
7 13 21 20 7 12 13 12 8 20 18 7 10
Interest 4 4 3 5 6 8 10 11 13 12 12 14 12
Depreciation 4 4 6 6 7 9 10 11 15 12 12 17 17
Profit before tax 18 21 43 16 6 1 2 4 44 32 41 71 86
Tax % 36% 25% 42% 36% -43% 12% 32% 29% 19% 9% 22% 25% 24%
12 16 25 10 8 1 1 3 35 29 32 54 65
EPS in Rs 0.67 0.89 1.42 0.57 0.45 0.04 0.08 0.15 1.99 1.61 1.81 3.02 3.40
Raw PDF

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 2,984
312 328 390 588 1,053 1,798 2,134 2,700
Operating Profit 42 69 48 58 83 35 144 284
OPM % 12% 17% 11% 9% 7% 2% 6% 10%
3 2 6 8 37 51 44 55
Interest 8 10 6 5 16 30 47 50
Depreciation 10 10 12 13 17 32 46 59
Profit before tax 27 52 36 48 86 24 95 230
Tax % 23% 16% 21% 36% 36% 16% 16%
21 44 29 31 55 20 80 180
EPS in Rs 298.68 615.26 382.62 2.22 3.11 1.13 4.48 9.84
Dividend Payout % 0% 0% 0% 0% 48% 133% 34%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 52%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: 30%
TTM: 353%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 43%
1 Year: 45%
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 Sep 2025
Equity Capital 0.70 0.70 0.75 138 177 177 178 192
Reserves 56 101 237 406 1,278 1,264 1,320 2,596
101 90 61 138 256 502 539 271
128 155 160 233 460 1,157 1,441 1,952
Total Liabilities 286 347 460 915 2,172 3,101 3,478 5,011
86 86 81 114 248 474 495 789
CWIP 0 0 0 40 25 10 55 73
Investments 0 0 89 404 461 678 676 410
200 260 290 356 1,438 1,939 2,251 3,739
Total Assets 286 347 460 915 2,172 3,101 3,478 5,011

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 14 -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%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
47.27% 47.27% 47.27% 47.22% 46.89% 46.89% 46.89% 46.89% 46.58% 46.53% 46.43% 42.98%
4.93% 4.61% 9.27% 10.14% 11.13% 12.95% 10.44% 10.32% 8.49% 6.20% 6.34% 7.02%
7.57% 8.58% 9.24% 9.63% 8.21% 5.80% 6.45% 6.44% 7.46% 7.74% 9.15% 16.38%
40.21% 39.52% 34.24% 33.02% 33.78% 34.36% 36.22% 36.35% 37.38% 39.49% 38.04% 33.53%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.06% 0.06% 0.08%
No. of Shareholders 1,01,36393,80081,72496,4521,05,0681,12,3951,24,9431,29,3981,34,5031,63,2961,61,0891,70,983

* 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.

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