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 ₹ 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.
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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
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10 Years: | % |
5 Years: | % |
3 Years: | 20% |
TTM: | -20% |
Stock Price CAGR | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - In One-on-one/Group Investor meetings on 19th November 2024 9:00am to 5pm IST at Mumbai, India in the event JM Financial India Conference by JMFL
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - In One-on-one/Group Investor meetings on 18th November 2024 9:00am to 5pm IST at Mumbai, India in the event 27th CITIC CLSA India Forum by CLSA
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - In One-on-one Investor meetings on 13th to 14th November 2024 9:00am to 6pm HKT, in Hongkong in the event - Non-Deal Roadshow with DAM Capital
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
7 Nov - Participation in investor meetings in Singapore and Hongkong.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
5 Nov - For allotment of Equity Shares pursuant to exercise of Employee Stock Option Plan 2020
Concalls
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Nov 2024Transcript PPT
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May 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