Syrma SGS Technology Ltd

Syrma SGS Technology Ltd

₹ 539 -1.57%
10 Jun - 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 9,573 Cr.
  • Current Price 539
  • High / Low 647 / 355
  • Stock P/E 55.9
  • Book Value 98.5
  • Dividend Yield 0.28 %
  • ROCE 12.4 %
  • ROE 10.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 20.9%

Cons

  • Stock is trading at 5.47 times its book value
  • Company has a low return on equity of 9.21% over last 3 years.
  • Debtor days have increased from 107 to 142 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
371 389 467 513 680 601 712 707 1,143 1,160 833 870 932
346 356 420 466 623 564 663 667 1,059 1,115 762 790 817
Operating Profit 25 34 47 46 57 37 49 39 83 45 71 80 116
OPM % 7% 9% 10% 9% 8% 6% 7% 6% 7% 4% 9% 9% 12%
8 2 8 13 24 22 8 12 7 15 10 20 14
Interest 3 5 6 6 4 8 8 11 13 13 14 15 16
Depreciation 7 7 7 8 9 10 12 14 16 17 17 20 21
Profit before tax 24 24 42 45 68 41 37 27 61 29 51 64 93
Tax % 30% 28% 31% 24% 37% 31% 17% 25% 26% 31% 22% 17% 23%
17 17 29 34 43 28 31 20 45 20 40 53 71
EPS in Rs 1.19 1.10 1.60 1.88 2.39 1.61 1.60 0.87 1.97 1.09 2.04 2.75 3.68
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
862 886 1,020 2,048 3,154 3,787
727 784 923 1,856 2,951 3,463
Operating Profit 135 102 97 192 203 324
OPM % 16% 11% 9% 9% 6% 9%
13 18 12 44 56 47
Interest 15 10 9 26 41 58
Depreciation 19 23 19 31 51 75
Profit before tax 113 87 81 179 166 237
Tax % 19% 24% 33% 31% 25% 22%
92 69 57 123 124 184
EPS in Rs 1,281.97 916.98 4.04 6.75 6.04 9.57
Dividend Payout % 0% 0% 0% 22% 25% 16%
Compounded Sales Growth
10 Years: %
5 Years: 34%
3 Years: 55%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: 14%
3 Years: 46%
TTM: 60%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 17%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5 5 138 177 177 178
Reserves 418 595 434 1,364 1,435 1,572
125 103 218 375 630 665
238 258 364 628 1,446 1,790
Total Liabilities 786 960 1,154 2,543 3,688 4,205
296 292 378 532 1,075 1,149
CWIP 1 0 41 25 17 61
Investments 30 132 41 84 42 59
459 536 694 1,901 2,554 2,935
Total Assets 786 960 1,154 2,543 3,688 4,205

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
156 37 15 -70 -114 176
-46 -113 -368 -885 -9 -105
-59 72 359 968 155 -71
Net Cash Flow 51 -4 5 13 32 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 76 86 97 72 108 142
Inventory Days 93 109 148 139 146 102
Days Payable 110 112 122 116 178 196
Cash Conversion Cycle 60 83 123 95 76 49
Working Capital Days 55 79 107 89 96 95
ROCE % 14% 12% 15% 10% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.42% 47.27% 47.27% 47.27% 47.22% 46.89% 46.89% 46.89% 46.89% 46.58% 46.53%
4.08% 4.93% 4.61% 9.27% 10.14% 11.13% 12.95% 10.44% 10.32% 8.49% 6.20%
7.46% 7.57% 8.58% 9.24% 9.63% 8.21% 5.80% 6.45% 6.44% 7.46% 7.74%
41.04% 40.21% 39.52% 34.24% 33.02% 33.78% 34.36% 36.22% 36.35% 37.38% 39.49%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.09% 0.06%
No. of Shareholders 1,23,3331,01,36393,80081,72496,4521,05,0681,12,3951,24,9431,29,3981,34,5031,63,296

* 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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