Syrma SGS Technology Ltd

Syrma SGS Tech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Syrma SGS Technology Ltd

₹ 1,036 -3.68%
13 May - close price
syrmasgs.com BSE: 543573 NSE: SYRMA
About

Incorporated in 2004, Syrma SGS Technology Ltd is a Chennai-based electronics manufacturing services (EMS) company providing engineering, design, and manufacturing solutions.[1]

Key Points

Brief History[1]
Syrma SGS brings together over four decades of experience through the combination of Syrma and SGS Tekniks. Syrma, a Tandon Group company, has been engaged in electronics manufacturing in India since the late 1970s, while SGS Tekniks, established in the early 1990s, focused on serving automotive customers in North India. Following the merger, Syrma SGS operates as an electronics manufacturing services provider with a presence across global and Indian customers.

Website BSE NSE
  • Market Cap ₹ 19,970 Cr.
  • Current Price ₹ 1,036
  • High / Low ₹ 1,188 / 499
  • Stock P/E 67.5
  • Book Value ₹ 154
  • Dividend Yield 0.14 %
  • ROCE 15.8 %
  • ROE 13.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 59.6% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 58.7%

Cons

  • Stock is trading at 6.74 times its book value
  • Promoter holding has decreased over last quarter: -0.44%
  • Company has a low return on equity of 7.44% over last 3 years.
  • Working capital days have increased from 33.9 days to 101 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

Industrials Capital Goods Industrial Manufacturing Industrial Products

Part of BSE 500 Nifty 500 Nifty500 Shariah BSE Industrials BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
430 308 393 404 727 816 796 829 864 917 1,087 1,151 1,221
399 302 382 399 718 802 732 761 766 822 982 1,024 1,106
Operating Profit 30 6 11 6 9 14 64 69 98 95 105 127 115
OPM % 7% 2% 3% 1% 1% 2% 8% 8% 11% 10% 10% 11% 9%
21 20 7 12 13 12 8 20 12 7 10 10 10
Interest 3 5 6 8 10 11 13 14 15 14 12 6 9
Depreciation 6 6 7 9 10 11 15 16 17 17 17 16 16
Profit before tax 43 16 6 1 2 4 44 58 79 71 86 115 100
Tax % 42% 36% -43% 12% 32% 29% 19% 14% 23% 25% 24% 19% 19%
25 10 8 1 1 3 35 50 61 54 65 93 81
EPS in Rs 1.42 0.57 0.45 0.04 0.08 0.15 1.99 2.82 3.42 3.02 3.40 4.84 4.19
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
354 397 438 646 1,136 1,833 2,278 4,367
312 328 390 588 1,053 1,798 2,134 3,924
Operating Profit 42 69 48 58 83 35 144 443
OPM % 12% 17% 11% 9% 7% 2% 6% 10%
3 2 6 8 37 51 44 38
Interest 8 10 6 5 16 30 47 41
Depreciation 10 10 12 13 17 32 46 68
Profit before tax 27 52 36 48 86 24 95 372
Tax % 23% 16% 21% 36% 36% 16% 16% 21%
21 44 29 31 55 20 80 293
EPS in Rs 298.68 615.26 382.62 2.22 3.11 1.13 4.48 15.21
Dividend Payout % 0% 0% 0% 0% 48% 133% 34% 10%
Compounded Sales Growth
10 Years: %
5 Years: 58%
3 Years: 57%
TTM: 92%
Compounded Profit Growth
10 Years: %
5 Years: 60%
3 Years: 75%
TTM: 343%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 49%
1 Year: 97%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 7%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 0.70 0.70 0.75 138 177 177 178 193
Reserves 56 101 237 406 1,278 1,264 1,320 2,769
101 90 61 138 256 502 539 272
128 155 160 233 460 1,157 1,441 2,001
Total Liabilities 286 347 460 915 2,172 3,101 3,478 5,235
86 86 81 114 248 474 495 878
CWIP 0 0 0 40 25 10 55 34
Investments 0 0 89 404 461 678 676 1,065
200 260 290 356 1,438 1,939 2,251 3,259
Total Assets 286 347 460 915 2,172 3,101 3,478 5,235

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
10 71 24 14 -61 -185 87 253
-22 -26 -95 -387 -861 15 -46 -711
13 -21 68 355 942 180 -40 553
Net Cash Flow 2 25 -3 -19 20 10 1 94
Free Cash Flow -12 42 18 -58 -156 -444 -15 119
CFO/OP 43% 112% 70% 46% -50% -480% 71% 72%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 102 107 106 97 74 140 185 133
Inventory Days 106 110 100 95 147 158 95 100
Days Payable 152 172 149 123 150 245 271 202
Cash Conversion Cycle 57 45 58 69 71 53 10 31
Working Capital Days 1 -4 38 -17 11 0 0 101
ROCE % 38% 17% 11% 9% 3% 6% 16%

Insights

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Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
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Number of Manufacturing Facilities
Count
Order Book Visibility
INR Million
Net Working Capital Cycle
Days
ODM Revenue Share
Percentage
Total Employee Strength
Count
Utility Metering Annual Production
Million Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
47.27% 47.22% 46.89% 46.89% 46.89% 46.89% 46.58% 46.53% 46.43% 42.98% 42.72% 42.28%
9.27% 10.14% 11.13% 12.95% 10.44% 10.32% 8.49% 6.20% 6.34% 7.02% 6.47% 6.60%
9.24% 9.63% 8.21% 5.80% 6.45% 6.44% 7.46% 7.74% 9.15% 16.38% 15.89% 16.59%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
34.24% 33.02% 33.78% 34.36% 36.22% 36.35% 37.38% 39.49% 38.04% 33.53% 34.80% 34.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.06% 0.06% 0.08% 0.13% 0.11%
No. of Shareholders 81,72496,4521,05,0681,12,3951,24,9431,29,3981,34,5031,63,2961,61,0891,70,9831,78,6151,78,986

* 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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