Syrma SGS Technology Ltd

Syrma SGS Tech. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Syrma SGS Technology Ltd

₹ 537 0.24%
22 Nov 9:20 a.m.
syrmasgs.com BSE: 543573 NSE: SYRMA
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

Website BSE NSE
  • Market Cap ₹ 9,537 Cr.
  • Current Price ₹ 537
  • High / Low ₹ 705 / 376
  • Stock P/E 455
  • Book Value ₹ 80.8
  • Dividend Yield 0.29 %
  • ROCE 3.01 %
  • ROE 1.45 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 60.4%

Cons

  • Stock is trading at 6.62 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.47.6 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

Part of Nifty Smallcap 250 BSE Industrials Nifty 500 Nifty 500 Multicap 50:25:25 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
185 149 178 186 243 276 430 308 393 404 727 816 482
167 127 174 176 224 261 399 302 382 399 719 802 452
Operating Profit 18 22 5 10 19 16 30 6 11 5 8 14 30
OPM % 10% 15% 3% 5% 8% 6% 7% 2% 3% 1% 1% 2% 6%
1 1 5 1 7 13 21 20 7 12 13 12 11
Interest 1 1 1 4 4 4 3 5 6 8 9 11 11
Depreciation 3 4 3 4 4 4 6 6 7 9 10 11 11
Profit before tax 16 18 5 4 18 21 43 16 6 1 2 4 18
Tax % 36% 34% 42% 36% 36% 25% 42% 36% -43% 12% 32% 29% 12%
10 12 3 2 12 16 25 10 8 1 1 3 16
EPS in Rs 80.43 0.87 0.22 0.17 0.67 0.89 1.42 0.57 0.45 0.04 0.08 0.15 0.91
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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 2,429
312 328 390 588 1,053 1,798 2,372
Operating Profit 42 69 48 58 83 35 57
OPM % 12% 17% 11% 9% 7% 2% 2%
3 2 6 8 37 51 48
Interest 8 10 6 5 16 30 40
Depreciation 10 10 12 13 17 32 40
Profit before tax 27 52 36 48 86 24 25
Tax % 23% 16% 21% 36% 36% 16%
21 44 29 31 55 20 21
EPS in Rs 298.68 615.26 382.62 2.22 3.11 1.13 1.18
Dividend Payout % 0% 0% 0% 0% 48% 133%
Compounded Sales Growth
10 Years: %
5 Years: 39%
3 Years: 61%
TTM: 73%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: -10%
TTM: -65%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -3%
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 Sep 2024
Equity Capital 0.70 0.70 0.75 138 177 177 177
Reserves 56 101 237 406 1,278 1,264 1,258
101 90 61 138 256 502 538
128 155 160 233 460 1,151 1,335
Total Liabilities 286 347 460 915 2,172 3,095 3,309
86 86 81 114 248 474 532
CWIP 0 0 0 40 25 10 33
Investments 0 0 89 404 461 678 743
200 260 290 356 1,438 1,933 2,002
Total Assets 286 347 460 915 2,172 3,095 3,309

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%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.42% 47.27% 47.27% 47.27% 47.22% 46.89% 46.89% 46.89% 46.89%
4.08% 4.93% 4.61% 9.27% 10.14% 11.13% 12.95% 10.44% 10.32%
7.46% 7.57% 8.58% 9.24% 9.63% 8.21% 5.80% 6.45% 6.44%
41.04% 40.21% 39.52% 34.24% 33.02% 33.78% 34.36% 36.22% 36.35%
No. of Shareholders 1,23,3331,01,36393,80081,72496,4521,05,0681,12,3951,24,9431,29,398

* 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

Announcements

Annual reports

DRHP

Credit ratings

Concalls