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Syrma SGS Technology Ltd

₹ 749-0.19%
07 Jan 9:36 a.m. – close price
🔗syrmasgs.com•BSE: 543573•NSE: SYRMA
Market Cap₹ 14,443 Cr.
Current Price₹ 749
High / Low₹ 910
Stock P/E79.4
Book Value₹ 145
Dividend Yield0.20 %
ROCE6.34 %
ROE4.54 %
Face Value₹ 10.0
Sales₹ 2,984 Cr.
OPM9.51 %
Mar Cap₹ 14,443 Cr.

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

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionJv Partnerships AcquisitionsRevenue Guidance Vs Actuals

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Honeywell Auto34010.0558.2530064.880.31119.503.821149.4012.2618.404537.8012.66516.10119.507.179.980.02
2.Kaynes Tech3752.9566.4325157.770.00121.41101.64906.2258.4014.283225.3516.21378.68121.415.387.240.19
3.Jyoti CNC Auto.971.6563.8322097.560.0085.5012.68507.9017.9324.351943.2626.50346.1385.5012.0712.990.40
4.Aditya Infotech1424.3085.0616741.930.0069.98196.78919.6437.4819.493111.877.96150.4469.9810.526.240.08
5.LMW14835.10131.7615848.330.2040.9267.29821.886.884.483086.084.91120.2740.925.602.070.00
6.Syrma SGS Tech.749.0079.4414443.010.2065.4084.901086.9836.596.342983.889.51181.8265.405.172.030.10
7.Tega Inds.1916.1060.8914395.220.1144.94522.44405.3514.7317.801706.8221.45236.4444.948.6410.070.21
–Median: 120 Co.268.4332.25578.380.05.8112.6873.3715.5616.17224.5314.0115.475.63.87.690.19

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
2764045143088169174307274652433937961,087
Expenses
261399479302802822399718418224382732982
Operating Profit
166366149530948191164105
Other Income
1312202012721131877810
Profit before tax
2113216471432411864486
Tax %
25%12%9%36%29%25%42%32%22%36%-43%19%24%
Net Profit
1612910354251321283565
EPS in Rs
0.890.041.610.570.153.021.420.081.810.670.451.993.40

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
3543974386461,1361,8332,2782,984
Expenses
3123283905881,0531,7982,1342,700
Operating Profit
426948588335144284
Other Income
326837514455
Interest
8106516304750
Depreciation
1010121317324659
Profit before tax
27523648862495230
Net Profit
21442931552080180
EPS in Rs
298.68615.26382.622.223.111.134.489.84
Dividend Payout %
0%0%0%0%48%133%34%–

Compounded Profit Growth

10 Years:%
5 Years:7%
3 Years:30%
TTM:353%

Compounded Sales Growth

10 Years:%
5 Years:42%
3 Years:52%
TTM:9%

Return on Equity

10 Years:%
5 Years:4%
3 Years:4%
Last Year:5%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:41%
1 Year:22%

Balance Sheet

Standalone figures in ₹ crores

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
0.700.700.75138177177178192
Reserves
561012374061,2781,2641,3202,596
Borrowings
1019061138256502539271
Other Liabilities
1281551602334601,1571,4411,952
Total Liabilities
2863474609152,1723,1013,4785,011
Fixed Assets
868681114248474495789
Gross Block
95105103149297553620–
Accumulated Depreciation
101822354979124–
CWIP
0004025105573
Investments
0089404461678676410
Other Assets
2002602903561,4381,9392,2513,739
Total Assets
2863474609152,1723,1013,4785,011

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
10712414-61-18587
Cash from Investing Activity
-22-26-95-387-86115-46
Cash from Financing Activity
13-2168355942180-40
Net Cash Flow
225-3-1920101

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
1021071069774140185
Inventory Days
1061101009514715895
Days Payable
152172149123150245271
Cash Conversion Cycle
57455869715310
Working Capital Days
1-438-171100
ROCE %
–38%17%11%9%3%6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
47.27%47.27%47.27%47.22%46.89%46.89%46.89%46.89%46.58%46.53%46.43%42.98%
FIIs
4.93%4.61%9.27%10.14%11.13%12.95%10.44%10.32%8.49%6.20%6.34%7.02%
DIIs
7.57%8.58%9.24%9.63%8.21%5.80%6.45%6.44%7.46%7.74%9.15%16.38%
Public
40.21%39.52%34.24%33.02%33.78%34.36%36.22%36.35%37.38%39.49%38.04%33.53%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Syrma SGS Technology Completes JV Closing with Elemaster, Acquires 60% Stake in JVCo

14th April 2026, 11:29 pm

Syrma SGS Technology JV Entity Renamed to Shinhyup Syrma Circuits Private Limited

11th April 2026, 1:16 am

Syrma SGS Technology to close trading window from April 1, 2026, for Q4FY26 results.

27th March 2026, 9:13 pm

Syrma SGS Technology Board Approves Appointment of Jayesh Nagindas Doshi as Whole Time Director

24th March 2026, 1:57 am

Syrma SGS Technology: Approves Transfer of 37,035 Equity Shares Upon ESOP Exercise

11th February 2026, 12:06 am

Published by Other Websites

External media mentions & references

Syrma SGS Technology Hits Record High on Elemaster JV, Soars 10%

16th April 2026, 3:27 pm

Noida Labour Unrest: Wage Hikes Hit Auto, Electronics Firms Hard

15th April 2026, 9:44 am

EMS Sector Poised for 27% Growth; HDFC Securities Picks Syrma, Dixon

7th April 2026, 10:24 pm

India EMS Sector Poised for Multi-Year Boom, HDFC Sec Names Syrma SGS Top Pick

7th April 2026, 10:22 pm

MeitY Approvals Spur Electronics Component Manufacturing Push

1st April 2026, 9:35 am

News Articles

Editorial & research coverage

Syrma SGS Tech Surges on Margin Beat; Valuation Under Scrutiny
Syrma SGS Tech Surges on Margin Beat; Valuation Under Scrutiny

4th February 2026, 3:31 pm

Syrma SGS Technology: Segment Strength Fuels Growth Amidst EMS Boom
Syrma SGS Technology: Segment Strength Fuels Growth Amidst EMS Boom

2nd February 2026, 7:39 pm

India Budget 2026: Tech, Infra Lead, Markets React Negatively
India Budget 2026: Tech, Infra Lead, Markets React Negatively

2nd February 2026, 1:01 pm

Budget STT Hike Sparks Market Sell-off; Analysts Select 9 Stocks
Budget STT Hike Sparks Market Sell-off; Analysts Select 9 Stocks

1st February 2026, 9:19 pm

India Boosts Chip Mission: Dixon, Syrma Stocks Surge
India Boosts Chip Mission: Dixon, Syrma Stocks Surge

1st February 2026, 11:45 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

1d - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2028for the quarter ended December 31, 2025

Announcement under Regulation 30 (LODR)-Updates on Joint Venture

30 Dec - Dec 30, 2025: Syrma allotted 670,448 shares, now holds 75% in JV with SH Electronic (25%).

Closure of Trading Window

26 Dec - Trading window closed Jan 1, 2026; reopens 48 hours after unaudited results for period ending Dec 31, 2025.

Intimation Of Grant Of Stock Options Under Syrma SGS Employee Stock Option Plan 2023

23 Dec - Grant of 4,21,947 stock options on Dec 23, 2025 under ESOP Plan 2023.

Announcement under Regulation 30 (LODR)-Updates on Acquisition

17 Dec - Acquired 60% of Elcome for ~INR 235 crore (first tranche), announced December 17, 2025.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Credit Ratings

Rating update

29 Oct 2024 from fitch

Rating update

2 Apr 2024 from care

Rating update

9 Aug 2023 from care

Rating update

7 Apr 2022 from care

Rating update

24 Feb 2021 from care

Concalls

Nov 2025

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Jul 2025

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May 2025

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Feb 2025

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Nov 2024

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Nov 2023

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Nov 2022

Transcript

Stock Analysis

Description

  1. Syrma SGS Technology Limited is a Chennai-based engineering and design company engaged in electronics manufacturing services (EMS), providing integrated services and solutions to original equipment manufacturers (OEMs).

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

14th Apr 26
Impact Rating: 8
No description available.
10th Apr 26
Impact Rating: 4
Effective April 10, 2026, Syrma SGS Technology Limited's joint venture entity, Syrma Strategic Electronics Private Limited, will now be known as Shinhyup Syrma Circuits Private Limited, as approved by the Ministry of Corporate Affairs.
27th Mar 26
Impact Rating: 5
Trading in Syrma SGS Technology's shares will be closed from April 1, 2026, following SEBI regulations for insider trading. The window will reopen 48 hours after the company declares its audited financial results for the quarter and year ending March 31, 2026.
23rd Mar 26
Impact Rating: 6
Syrma SGS Technology's Board has approved the appointment of Mr. Jayesh Nagindas Doshi as Whole Time Director for a tenure of five years, commencing April 1, 2026, subject to shareholder consent.
10th Feb 26
Impact Rating: 2
Syrma SGS Technology's Nomination and Remuneration Committee approved the transfer of 37,035 equity shares from its employee welfare trust to employees who exercised options under the 2023 ESOP plan.