Syrma SGS Technology Ltd

Syrma SGS Technology Ltd

₹ 518 1.27%
21 Feb 4:00 p.m.
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 9,195 Cr.
  • Current Price 518
  • High / Low 705 / 251
  • Stock P/E 79.8
  • Book Value 88.3
  • Dividend Yield 0.29 %
  • ROCE 14.9 %
  • ROE 11.2 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.83 times its book value
  • Company has a low return on equity of 10.9% over last 3 years.
  • Earnings include an other income of Rs.65.1 Cr.

* 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

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
214 302 371 389 467 513 680 601 712 707
193 265 346 356 420 466 622 564 663 668
Operating Profit 20 37 25 34 47 46 57 37 49 39
OPM % 9% 12% 7% 9% 10% 9% 8% 6% 7% 5%
2 2 8 2 8 13 23 22 8 12
Interest 1 2 3 5 6 6 4 8 8 10
Depreciation 3 7 7 7 7 8 9 10 12 14
Profit before tax 18 30 24 24 42 45 68 41 37 27
Tax % 37% 32% 30% 28% 31% 24% 37% 31% 17% 25%
13 20 17 17 29 34 43 28 31 20
EPS in Rs 102.49 1.43 1.19 1.10 1.60 1.88 2.39 1.61 1.60 0.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
862 886 1,020 2,048 2,699
727 784 923 1,856 2,517
Operating Profit 135 102 97 192 182
OPM % 16% 11% 9% 9% 7%
13 18 12 44 65
Interest 15 10 9 26 29
Depreciation 19 23 19 31 44
Profit before tax 113 87 81 179 173
Tax % 19% 24% 33% 31%
92 69 57 123 122
EPS in Rs 1,281.97 916.98 4.04 6.75 6.47
Dividend Payout % -0% -0% -0% 22%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 33%
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 10%
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 93%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 5 5 138 177 177
Reserves 418 595 434 1,364 1,392
Preference Capital 5 -0 -0 -0
120 103 218 375 466
243 258 364 626 873
Total Liabilities 786 960 1,154 2,541 2,908
296 292 378 532 887
CWIP 1 0 41 25 25
Investments 30 132 41 84 47
459 536 694 1,899 1,948
Total Assets 786 960 1,154 2,541 2,908

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
156 37 15 -70
-46 -113 -368 -913
-59 72 359 997
Net Cash Flow 51 -4 5 13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 76 86 97 72
Inventory Days 93 109 148 139
Days Payable 110 112 122 116
Cash Conversion Cycle 60 83 123 95
Working Capital Days 55 79 107 89
ROCE % 14% 12% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
47.42% 47.27% 47.27% 47.27% 47.22% 46.89%
4.08% 4.93% 4.61% 9.27% 10.14% 11.13%
7.46% 7.57% 8.58% 9.24% 9.63% 8.21%
41.04% 40.21% 39.52% 34.24% 33.02% 33.78%
No. of Shareholders 1,23,3331,01,36393,80081,72496,4521,05,068

* 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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Documents

Concalls