Syrma SGS Technology Limited SYRMA NIFTY_SMALLNSETECH

Technology · Electronic Components · India

https://www.syrmasgs.com

Syrma SGS Technology Limited provides turnkey electronic manufacturing services in India, the United States, Germany, and internationally. The company offers product engineering services, that includes design and development, and verification and validation; phototype manufacturing and platform/ system integration; and original design and manufacturing services. Its product portfolio comprises printed circuit board assemblies; box build, electromechanical assembly, and full-systems integration services, that includes firmware, software loading, validation, testing, and commercial or custom packing, as well as offers products, such as scanning antenna, transceiver, transponder, disk drives, memory modules, power supplies / adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products, as well as line tester development services. In addition, the company provides custom magnetic services, including brushless DC motor module for fan consists of brushless DC motor, driver circuit, and control system; electro-mechanicals; critical communication solutions; RFID tags and inlays; and magnetic products comprising custom magnetic chokes, magnetic inductors, and magnetic transformers. It serves automotive, consumer, industrial, healthcare, railways, and IT industries. Syrma SGS Technology Limited was founded in 1978 and is based in Chennai, India.

Market & Price

Market Cap

₹20,968.19 Cr

Current Price

₹1,088.55

High / Low (52W)

₹1,112.60 / ₹502.37

Beta

0.20

Valuation

Stock P/E

64.53

Industry PE

25.13

Forward P/E

38.27

PEG Ratio

Book Value

₹150.84

Price to Book

7.22

P/S

4.35

EV/EBITDA

37.87

Dividend Yield

0.14%

Profitability & Returns

ROCE

14.83%

ROE

14.14%

ROA

5.77%

Profit Margin

6.59%

Op Margin

10.43%

EPS (Latest Qtr)

₹5.28

EPS (TTM)

₹16.87

Balance Sheet & Liquidity

Debt/Equity

0.13

Quick Ratio

1.08

Current Ratio

1.70

Debt

₹399.89 Cr

Total Assets

₹5,770.01 Cr

Current Assets

₹4,149.69 Cr

Working Capital

₹1,708.83 Cr

Ownership

Promoter Holding

60.12%

Chg in Prom Hold

FII / Inst Holding

17.77%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹20,618.39 Cr

Total Revenue (TTM)

₹4,819.06 Cr

EBITDA

₹544.51 Cr

Free Cash Flow

₹7.27 Cr

Operating Cash Flow

₹289.57 Cr

Shares Outstanding

₹19.26 Cr

Gross Margin

25.57%

Payout Ratio

8.87%

Growth (CAGR)

Revenue 5Y

33.84%

Profit 5Y

38.61%

Revenue (YoY)

58.40%

Earnings (YoY)

43.70%

PROS

Compounding revenue at 33.8% over 5 years.
Profit CAGR of 38.6% over 5 years.
Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 64.5.

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	SYRMA Syrma SGS Technology Limited NIFTY_SMALLNSETECH	1,088.55	64.53	₹20,968.19 Cr	0.14%	14.83%	14.14%	33.84%	38.61%
2	TCS Tata Consultancy Services Limited NIFTY50NSEAITECH	2,258.90	16.61	₹8.17 L Cr	5.49%	54.93%	48.40%	5.80%	5.30%
3	INFY Infosys Limited NIFTY50NSEAITECH	1,160.90	15.01	₹4.70 L Cr	4.31%	41.66%	31.44%	3.44%	3.58%
4	HCLTECH HCL Technologies Limited NIFTY50NSEAITECH	1,183.80	19.31	₹3.20 L Cr	8.11%	27.21%	23.36%	8.65%	3.87%
5	WIPRO Wipro Limited NIFTY50NSEAITECH	204.25	16.26	₹2.14 L Cr	8.32%	18.42%	15.49%	4.05%	2.44%
6	TECHM Tech Mahindra Limited NIFTY50NSEAITECH	1,483.90	27.40	₹1.31 L Cr	3.44%	20.60%	16.61%	2.16%	-0.14%
7	LTM LTM Limited NSETECH	4,061.60	24.04	₹1.20 L Cr	1.85%	25.39%	21.29%	8.43%	4.41%
8	LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH	1,523.90	61.35	₹1.03 L Cr	-	27.64%	24.72%	0.98%	-
9	WAAREEENER WAAREE ENERGIES LIMITED NIFTY_MIDNSETECH	3,140.80	27.70	₹90,345.53 Cr	0.13%	24.21%	31.57%	71.63%	191.18%

Quarterly Results

Figures in INR.

Metric	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	924.36 Cr	943.98 Cr	1,145.89 Cr	1,264.18 Cr	1,465.01 Cr
Cost of Revenue	-	673.13 Cr	710.66 Cr	873.04 Cr	917.35 Cr	1,085.55 Cr
Gross Profit	-	251.23 Cr	233.32 Cr	272.85 Cr	346.83 Cr	379.46 Cr
Operating Expenses	-	164.49 Cr	167.28 Cr	179.46 Cr	207.71 Cr	226.71 Cr
Operating Income	-	86.75 Cr	66.04 Cr	93.39 Cr	139.12 Cr	152.75 Cr
EBITDA	-	129.77 Cr	102.66 Cr	123.98 Cr	166.31 Cr	184.79 Cr
Interest Expense	-	15.65 Cr	14.93 Cr	12.63 Cr	7.68 Cr	13.02 Cr
Pretax Income	-	93.37 Cr	67.15 Cr	89.50 Cr	138.35 Cr	150.38 Cr
Tax Provision	-	21.92 Cr	17.23 Cr	23.16 Cr	28.03 Cr	31.15 Cr
Net Income	-	65.44 Cr	49.74 Cr	64.06 Cr	102.79 Cr	101.19 Cr
Diluted EPS	-	3.67	2.79	3.43	5.33	5.28

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	2,009.82 Cr	3,130.26 Cr	3,786.69 Cr	4,819.06 Cr
Cost of Revenue	-	1,558.73 Cr	2,522.36 Cr	2,931.47 Cr	3,586.61 Cr
Gross Profit	-	451.09 Cr	607.91 Cr	855.22 Cr	1,232.45 Cr
Operating Expenses	-	288.76 Cr	456.50 Cr	606.97 Cr	772.05 Cr
Operating Income	-	162.33 Cr	151.40 Cr	248.25 Cr	460.40 Cr
EBITDA	-	230.40 Cr	255.27 Cr	370.60 Cr	577.75 Cr
Interest Expense	-	20.46 Cr	37.34 Cr	58.46 Cr	48.26 Cr
Pretax Income	-	178.73 Cr	166.44 Cr	237.07 Cr	445.38 Cr
Tax Provision	-	55.62 Cr	42.10 Cr	52.62 Cr	99.57 Cr
Net Income	-	119.32 Cr	107.33 Cr	169.87 Cr	317.78 Cr
Diluted EPS	3.15	6.75	6.02	9.52	-

Compounded Sales Growth

5 Years:	33.84%
1 Year:	58.40%

Compounded Profit Growth

5 Years:	38.61%
1 Year:	43.70%

Stock Price Performance

1 Year:	+102.90%
6 Months:	+32.89%
3 Months:	+29.31%
1 Month:	+11.53%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	2,542.55 Cr	3,689.43 Cr	4,204.67 Cr	5,770.01 Cr
Current Assets	-	1,227.79 Cr	2,276.19 Cr	2,940.89 Cr	4,149.69 Cr
Cash & Equivalents	-	46.49 Cr	78.38 Cr	80.86 Cr	192.28 Cr
Inventory	-	587.44 Cr	1,004.26 Cr	821.87 Cr	1,061.60 Cr
Receivables	-	402.23 Cr	930.15 Cr	1,477.46 Cr	1,840.78 Cr
Total Liabilities	-	999.66 Cr	2,012.40 Cr	2,379.85 Cr	2,704.54 Cr
Current Liabilities	-	861.35 Cr	1,844.74 Cr	2,213.50 Cr	2,440.86 Cr
Long Term Debt	-	86.98 Cr	64.48 Cr	61.86 Cr	39.29 Cr
Total Debt	-	374.72 Cr	629.89 Cr	664.60 Cr	399.89 Cr
Total Equity	-	1,540.28 Cr	1,612.61 Cr	1,749.96 Cr	2,862.19 Cr
Shares Outstanding	-	17.68 Cr	17.76 Cr	17.82 Cr	19.28 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	-70.28 Cr	-109.13 Cr	176.46 Cr	289.56 Cr
Investing Cash Flow	-	-885.72 Cr	-28.28 Cr	-105.15 Cr	-741.96 Cr
Financing Cash Flow	-	967.96 Cr	150.27 Cr	-70.70 Cr	557.85 Cr
Capital Expenditure	-	-118.40 Cr	-337.65 Cr	-245.15 Cr	-191.76 Cr
Free Cash Flow	-	-188.67 Cr	-446.79 Cr	-68.69 Cr	97.81 Cr
Net Change in Cash	-	11.97 Cr	12.87 Cr	61.30 L	105.46 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	22.4%	19.4%	22.6%	25.6%
Operating Margin %	-	8.1%	4.8%	6.6%	9.6%
Net Margin %	-	5.9%	3.4%	4.5%	6.6%
ROE %	-	7.7%	6.7%	9.7%	11.1%
ROCE %	-	9.7%	8.2%	12.5%	13.8%

Shareholding Pattern

Insiders

60.12%

Institutions

17.77%

Public Float

44.55%

Analyst View

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SYRMA · Technology