Syrma SGS Technology Ltd
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]
- Market Cap ₹ 7,828 Cr.
- Current Price ₹ 441
- High / Low ₹ 705 / 386
- Stock P/E 556
- Book Value ₹ 81.2
- Dividend Yield 0.34 %
- ROCE 3.01 %
- ROE 1.45 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 60.4%
Cons
- Stock is trading at 5.43 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 3.75% over last 3 years.
- Earnings include an other income of Rs.44.6 Cr.
- Debtor days have increased from 104 to 140 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.
Peer comparison
Sector: Electronics Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|
354 | 397 | 438 | 646 | 1,136 | 1,833 | 2,341 | |
312 | 328 | 390 | 588 | 1,053 | 1,798 | 2,303 | |
Operating Profit | 42 | 69 | 48 | 58 | 83 | 35 | 38 |
OPM % | 12% | 17% | 11% | 9% | 7% | 2% | 2% |
3 | 2 | 6 | 8 | 37 | 51 | 45 | |
Interest | 8 | 10 | 6 | 5 | 16 | 30 | 34 |
Depreciation | 10 | 10 | 12 | 13 | 17 | 32 | 37 |
Profit before tax | 27 | 52 | 36 | 48 | 86 | 24 | 12 |
Tax % | 23% | 16% | 21% | 36% | 36% | 16% | |
21 | 44 | 29 | 31 | 55 | 20 | 13 | |
EPS in Rs | 298.68 | 615.26 | 382.62 | 2.22 | 3.11 | 1.13 | 0.72 |
Dividend Payout % | -0% | -0% | -0% | -0% | 48% | 133% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 39% |
3 Years: | 61% |
TTM: | 86% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -10% |
TTM: | -77% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 4% |
Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 1 | 1 | 1 | 138 | 177 | 177 |
Reserves | 56 | 101 | 237 | 406 | 1,278 | 1,264 |
101 | 90 | 61 | 138 | 256 | 502 | |
128 | 155 | 160 | 233 | 460 | 1,151 | |
Total Liabilities | 286 | 347 | 460 | 915 | 2,172 | 3,095 |
86 | 86 | 81 | 114 | 248 | 474 | |
CWIP | 0 | 0 | -0 | 40 | 25 | 10 |
Investments | -0 | -0 | 89 | 404 | 461 | 678 |
200 | 260 | 290 | 356 | 1,438 | 1,933 | |
Total Assets | 286 | 347 | 460 | 915 | 2,172 | 3,095 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
10 | 71 | 24 | 13 | -61 | -186 | |
-22 | -26 | -95 | -387 | -861 | 14 | |
13 | -21 | 68 | 355 | 942 | 182 | |
Net Cash Flow | 2 | 25 | -3 | -19 | 20 | 10 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 102 | 107 | 106 | 97 | 74 | 140 |
Inventory Days | 106 | 110 | 100 | 95 | 147 | 158 |
Days Payable | 152 | 172 | 149 | 123 | 150 | 245 |
Cash Conversion Cycle | 57 | 45 | 58 | 69 | 71 | 53 |
Working Capital Days | 59 | 52 | 65 | 57 | 65 | 87 |
ROCE % | 38% | 17% | 11% | 9% | 3% |
Documents
Announcements
- Closure of Trading Window 21h
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Announcement under Regulation 30 (LODR)-Credit Rating
24 Sep - Credit rating of 'IND A1+' for Commercial Paper Program.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 19 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 17 Sep
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Announcement under Regulation 30 (LODR)-Scheme of Arrangement
13 Sep - Scrutinizers report on amalgamation of SGS companies.
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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May 2024TranscriptNotesPPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022TranscriptPPT
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