Syrma SGS Technology Ltd

Syrma SGS Technology Ltd

₹ 535 -4.28%
21 Nov - close price
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

  • Market Cap 9,509 Cr.
  • Current Price 535
  • High / Low 705 / 376
  • Stock P/E 89.7
  • Book Value 92.5
  • Dividend Yield 0.28 %
  • ROCE 9.84 %
  • ROE 6.81 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 5.79 times its book value
  • Company has a low return on equity of 8.74% over last 3 years.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
214 302 371 389 467 513 680 601 712 707 1,134 1,160 833
193 265 346 356 420 466 623 564 663 668 1,060 1,115 762
Operating Profit 20 37 25 34 47 46 57 37 49 39 74 45 71
OPM % 9% 12% 7% 9% 10% 9% 8% 6% 7% 5% 6% 4% 9%
2 2 8 2 8 13 24 22 8 12 16 15 10
Interest 1 2 3 5 6 6 4 8 8 10 12 13 14
Depreciation 3 7 7 7 7 8 9 10 12 14 16 17 17
Profit before tax 18 30 24 24 42 45 68 41 37 27 61 29 51
Tax % 37% 32% 30% 28% 31% 24% 37% 31% 17% 25% 26% 31% 22%
13 20 17 17 29 34 43 28 31 20 45 20 40
EPS in Rs 102.49 1.43 1.19 1.10 1.60 1.88 2.39 1.61 1.60 0.87 1.97 1.09 2.04
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
862 886 1,020 2,048 3,154 3,833
727 784 923 1,856 2,951 3,605
Operating Profit 135 102 97 192 203 228
OPM % 16% 11% 9% 9% 6% 6%
13 18 12 44 56 53
Interest 15 10 9 26 41 49
Depreciation 19 23 19 31 51 64
Profit before tax 113 87 81 179 166 168
Tax % 19% 24% 33% 31% 25%
92 69 57 123 124 125
EPS in Rs 1,281.97 916.98 4.04 6.75 6.04 5.97
Dividend Payout % 0% 0% 0% 22% 25%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 53%
TTM: 53%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -2%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 5 5 138 177 177 177
Reserves 418 595 434 1,364 1,435 1,466
125 103 218 375 630 656
238 258 364 628 1,446 1,668
Total Liabilities 786 960 1,154 2,543 3,688 3,967
296 292 378 532 1,075 1,172
CWIP 1 0 41 25 17 45
Investments 30 132 41 84 42 124
459 536 694 1,901 2,554 2,626
Total Assets 786 960 1,154 2,543 3,688 3,967

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
156 37 15 -70 -114
-46 -113 -368 -885 -9
-59 72 359 968 155
Net Cash Flow 51 -4 5 13 32

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 76 86 97 72 108
Inventory Days 93 109 148 139 146
Days Payable 110 112 122 116 178
Cash Conversion Cycle 60 83 123 95 76
Working Capital Days 55 79 107 89 96
ROCE % 14% 12% 15% 10%

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

Concalls