Dekho, Prabhudas Lilladher ne Syrma SGS Technology ko 'BUY' se 'HOLD' pe daal diya hai. Haalat yeh hai ki unhone target price ₹1,128 tak badhaya hai, fir bhi rating giradi!
Par asli twist toh yeh hai ki company ne Q4FY26 mein numbers toh ekdum zabardast diye hain. Profit after tax (PAT) 67% badh gaya, aur revenue bhi 58.5% upar gaya. Yeh growth Auto, Consumer, aur Industrial segments se aayi hai.
Full FY26 ki baat karein toh revenue 27% badh kar ₹4,819 crore aur PAT 87% badh kar ₹346 crore ho gaya. Company ke paas ₹66 billion ka solid order book bhi hai, aur FY26 mein PLI schemes se ₹380 million ka fayda bhi mila.
Lekin bhai, market valuation kaafi high hai. Syrma SGS ka P/E ratio 70 ke paar hai, jabki Dixon, Kaynes jaisi companies se competition hai, aur Honeywell Automation jaise peers ka P/E 52 ke aas paas hai. Pichhle ek saal mein stock 105.39% bhaga hai, toh lagta hai bahut saari growth toh pehle hi price mein aa chuki hai.
EMS sector ki future growth toh mast dikh rahi hai, lagbhag 17.5% CAGR se badhne ka anuman hai. Management bhi FY27 mein revenue ₹6,000 crore se upar le jaane aur EBITDA margins 10.5%–11% tak maintain karne ka goal rakhe hue hai.
Abhi 22 analysts ne is stock ko 'Strong Buy' bola hai, average target ₹961.23 diya hai. Toh Prabhudas Lilladher ki valuation ko lekar chinta aur market ki growth expectations ke beech ek interesting gap hai. Dekhte hain aage kya hota hai!
