Syrma SGS Technology Limited
₹1,620.90-₹47.50 (-2.8%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹13,598 Cr
- P/E
- 74.8x
- EV / EBITDA
- 159.4x
- Revenue
- ₹2,278 Cr
- Net margin
- 1.1%
- ROCE
- 1.8%
Price chart
Technical chartScreen technicals →+97.0% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.0%
- 3M
- +17.6%
- 6M
- +68.9%
- 1Y
- +97.0%
- 5Y
- +417.8%
52-week range
Day change -₹47.50 (-2.8%) from ₹1,668 to ₹1,621 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in SYRMA, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 35.8%
Concerns1
- Low interest coverage ratio of 1.2x
Rule-based from financial data. Not advice.
About the company
Syrma SGS Technology Limited provides turnkey electronic manufacturing services in India, the United States, Germany, and internationally. The company offers product engineering services, that includes design and development, and verification and validation; phototype manufacturing and platform/ system integration; and original design and manufacturing services.
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Syrma SGS Technology Limited provides turnkey electronic manufacturing services in India, the United States, Germany, and internationally. The company offers product engineering services, that includes design and development, and verification and validation; phototype manufacturing and platform/ system integration; and original design and manufacturing services. Its product portfolio comprises printed circuit board assemblies; box build, electromechanical assembly, and full-systems integration services, that includes firmware, software loading, validation, testing, and commercial or custom packing, as well as offers products, such as scanning antenna, transceiver, transponder, disk drives, memory modules, power supplies / adapters, fiber optic assemblies, magnetic induction coils and RFID products, and other electronic products, as well as line tester development services. In addition, the company provides custom magnetic services, including brushless DC motor module for fan consists of brushless DC motor, driver circuit, and control system; electro-mechanicals; critical communication solutions; RFID tags and inlays; and magnetic products comprising custom magnetic chokes, magnetic inductors, and magnetic transformers. It serves automotive, consumer, industrial, healthcare, railways, and IT industries. Syrma SGS Technology Limited was founded in 1978 and is based in Chennai, India.
- Sector
- Industrials
- Shares outstanding
- 19.3 Cr shares
- ISIN
- INE0DYJ01015
- BSE code
- 543573
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹13,598 Cr
- P/E
- 74.8x
- P/B
- 4.9x
- EV / EBITDA
- 159.4x
- EV / Sales
- 7.5x
- P/S
- 7.4x
- Earnings yield
- 1.3%
- 52-week high
- ₹1,781.90
- 52-week low
- ₹640.55
Profitability
- Operating margin
- 1.9%
- Net margin
- 1.1%
- EBITDA margin
- 4.7%
- ROE
- 1.4%
- ROCE
- 1.8%
- ROA
- 0.6%
- Dividend payout
- 133.0%
- Tax rate
- 16.0%
- Other income, % of PBT
- 212.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,278 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 24.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 35.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹86.0 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -28.3%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 300.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -14.6%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹185 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 203.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 42.8%
Solvency and efficiency
- Current ratio
- 2.26
- Debt / Equity
- 0.35
- Debt / Assets
- 0.16
- Debt / EBITDA
- 5.84
- Interest coverage
- 1.17
- Financial leverage
- 2.15
- CFO / Net profit
- -9.25
- Cash / Market cap
- 14.3%
- Cash per share
- ₹100.53
- Asset turnover
- 0.59
- Fixed asset turnover
- 3.87
- Capital intensity
- 0.26
- Debtor days
- 140 days
- Inventory turnover
- 2.31
- Cash conversion cycle
- 53 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹2,134 Cr |
| Sales | Operating profit | ₹144 Cr |
| Operating profit | Interest | ₹47 Cr |
| Operating profit | Depreciation | ₹46 Cr |
| Operating profit | Profit before tax | ₹51 Cr |
| Other income | Profit before tax | ₹44 Cr |
| Profit before tax | Tax and other | ₹15 Cr |
| Profit before tax | Net profit | ₹80 Cr |
Revenue and net profit
Revenue grew 24.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹438 Cr | ₹29 Cr |
| FY2022 | ₹646 Cr | ₹31 Cr |
| FY2023 | ₹1,136 Cr | ₹55 Cr |
| FY2024 | ₹1,833 Cr | ₹20 Cr |
| FY2025 | ₹2,278 Cr | ₹80 Cr |
Cash flows
FY2025: ₹87.0 Cr from operations, ₹41.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹24 Cr | -₹71 Cr |
| FY2022 | ₹14 Cr | -₹373 Cr |
| FY2023 | -₹61 Cr | -₹922 Cr |
| FY2024 | -₹185 Cr | -₹170 Cr |
| FY2025 | ₹87 Cr | ₹41 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,278 Cr+24.3%1Y
- Net profit
- ₹80 Cr+300.0%1Y
- Cash from operations
- ₹87 Cr
- Free cash flow
- ₹41 Cr
- Revenue CAGR, 5Y
- 35.8%
- EBITDA CAGR, 5Y
- 3.9%
- Net profit CAGR, 5Y
- -14.6%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,278 Cr | ₹144 Cr | — | ₹80 Cr | ₹87 Cr | ₹41 Cr | 5.3% | +24.3% | +300.0% |
Monthly returns
Month-by-month returns of SYRMA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹3,478 Cr |
| Equity capital | ₹178 Cr |
| Reserves | ₹1,320 Cr |
| Borrowings | ₹539 Cr |
| Other liabilities | ₹1,441 Cr |
| Assets | ₹3,478 Cr |
| Fixed assets | ₹495 Cr |
| Capital work in progress | ₹55 Cr |
| Investments | ₹676 Cr |
| Other assets | ₹2,251 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
SYRMA trades at 74.8x earnings against a peer median of 38.3x (a 96% premium).
Not shown (no positive earnings and no EV / Sales): SKF INDIA (INDUSTRIAL) LIMITED.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Syrma SGS Technology LimitedSYRMAthis companyP/E ↑ premium | ₹13,598 Cr | 74.8x | 4.9x | 1.4% | 159.4x |
| Tega Industries LimitedTEGA | ₹14,107 Cr | 78.1x | 9.0x | 11.0% | 72.5x |
| Elgi Equipments Ltd.ELGIEQUIP | ₹13,958 Cr | 39.7x | 7.6x | 21.9% | 29.2x |
| ELITECON INTERNATIONAL LIMITEDELITECON | ₹13,544 Cr | 228.0x | 83.9x | -7.1% | 1952.1x |
| GALLANTT ISPAT LIMITEDGALLANTT | ₹13,461 Cr | 27.4x | 4.3x | 9.2% | 30.1x |
| Afcons Infrastructure LimitedAFCONS | ₹13,273 Cr | 22.5x | 2.7x | 14.4% | 7.6x |
| SKF INDIA (INDUSTRIAL) LIMITEDSKFINDUS | ₹13,233 Cr | — | — | — | — |
| Usha Martin Ltd.USHAMART | ₹13,169 Cr | 40.7x | 8.3x | 24.4% | 28.5x |
| Kirloskar Brothers Ltd.KIRLOSBROS | ₹12,907 Cr | 55.0x | 7.6x | 16.7% | 33.5x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
SYRMA since 1 January, against earlier years.
Historical volatility
SYRMA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 11.0% |
| FY2022 | 9.0% |
| FY2023 | 7.0% |
| FY2024 | 2.0% |
| FY2025 | 6.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,278 Cr |
| Costs | |
| Interest | ₹47 Cr |
| Expenses | ₹2,134 Cr |
| Operating profitOperating Profit | ₹144 Cr |
| Other income and charges | |
| Profit before tax | ₹95 Cr |
| Tax | |
| Net profitNet Profit | ₹80 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹3,478 Cr |
| Equity capitalEquity Capital | ₹178 Cr |
| Reserves | ₹1,320 Cr |
| Borrowings | ₹539 Cr |
| Other liabilitiesOther Liabilities | ₹1,441 Cr |
| AssetsTotal Assets | ₹3,478 Cr |
| Fixed assetsFixed Assets | ₹495 Cr |
| Capital work in progressCWIP | ₹55 Cr |
| Investments | ₹676 Cr |
| Other assetsOther Assets | ₹2,251 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹87 Cr |
| Investing cash flowCash from Investing Activity | -₹46 Cr |
| Financing cash flowCash from Financing Activity | -₹40 Cr |
| Change in cashNet Cash Flow | ₹1 Cr |
Learn while you research
Academy chapters picked for Syrma SGS Technology Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 74.8, learn when high multiples are justified.6 min read
- 04 Growth Investing24% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read