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 ₹ 7,349 Cr.
- Current Price ₹ 414
- High / Low ₹ 647 / 376
- Stock P/E 52.2
- Book Value ₹ 92.5
- Dividend Yield 0.36 %
- ROCE 9.84 %
- ROE 6.81 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 4.47 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 Nifty MidSmallcap 400 BSE SmallCap BSE Industrials Nifty 500 Multicap 50:25:25
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 | 3,996 | |
727 | 784 | 923 | 1,856 | 2,951 | 3,728 | |
Operating Profit | 135 | 102 | 97 | 192 | 203 | 268 |
OPM % | 16% | 11% | 9% | 9% | 6% | 7% |
13 | 18 | 12 | 44 | 56 | 61 | |
Interest | 15 | 10 | 9 | 26 | 41 | 54 |
Depreciation | 19 | 23 | 19 | 31 | 51 | 70 |
Profit before tax | 113 | 87 | 81 | 179 | 166 | 205 |
Tax % | 19% | 24% | 33% | 31% | 25% | |
92 | 69 | 57 | 123 | 124 | 158 | |
EPS in Rs | 1,281.97 | 916.98 | 4.04 | 6.75 | 6.04 | 7.85 |
Dividend Payout % | 0% | 0% | 0% | 22% | 25% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 53% |
TTM: | 48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 20% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -23% |
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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Feb
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
4 Feb - Earnings call transcript for Q3 FY25 results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Jan - Newspaper advertisement for unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
29 Jan - Audio recording of Q3 FY 2024-25 results conference call.
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Compliance With Regulation 32(1) Of SEBI (LODR) Regulations, 2015
29 Jan - Statement of deviation in fund utilization for Q4 2024.
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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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