Nifty

:

24383.60

Sensex

:

78094.64

66.45 (0.27%)
166.49 (0.21%)

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Nifty
Sensex

:
:

24383.60
78094.64

66.45 (0.27%)
166.49 (0.21%)

Syrma SGS Technology Ltd.

Electronics - Components

Rating :

75/99

BSE: 543573 | NSE: SYRMA

Watchlist

NSE BSE

1366.80

31-Jul-2026

Open
High
Low
Previous Close

1380.5
1403.3
1363
1377.80

Volume
Traded Value (lacs)
52 Week High
52 Week Low

1567542
2167898742.2
1517.7
634.5

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

26,333.90
71.54
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

26,388.22
0.11%
8.87

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
53.92
22.73

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
46.31
11.07

PAT CAGR (%)

10 Years
5 Years
3 Years

-
42.80
12.49

P:E (Median)

8 Years
5 Years
3 Years

-
-
74.07

P:BV (Average)

8 Years
5 Years
3 Years

-
-
5.86

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
34.69

Earnings Forecasts:

(Updated: 25-07-2026)

Description 2026 2027 2028 2029
Adj EPS 79 15 35.92 16.01
P/E Ratio 17.30 91.12 38.05 85.37
Revenue 63.36 47.27 37.53 4795.76
EBITDA 6383.77 8329.9 10241 504.6
Net Income 689.42 920.13 1148.46 302.12
ROA 419.5 565.2 708.55 6.57
P/B Ratio -17.56 -7.08 -3.63 8.85
ROE 8.19 7.07 5.87 13.09
FCFF 13.76 15.89 17.02 -125.12
FCFF Yield -201.52 -8.43 218.12 -0.47
Net Debt -0.75 -0.03 0.82 -524.43
BVPS -77.83 -193.04 -377 154.4

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 1,442.82 908.06 58.89% 1,220.73 863.79 41.32% 1,151.39 829.27 38.84% 1,086.98 793.43 37.00%
Expenses 1,302.95 821.67 58.57% 1,105.52 765.60 44.40% 1,024.10 760.57 34.65% 981.60 731.56 34.18%
EBITDA 139.87 86.38 61.92% 115.21 98.20 17.32% 127.30 68.70 85.30% 105.38 61.87 70.32%
EBIDTM 9.69% 9.51% 9.44% 11.37% 11.06% 8.28% 9.70% 7.80%
Other Income 12.68 16.24 -21.92% 10.99 11.65 -5.67% 12.63 21.71 -41.82% 9.81 9.98 -1.70%
Interest 11.31 13.95 -18.92% 9.13 14.64 -37.64% 6.24 13.79 -54.75% 11.57 13.12 -11.81%
Depreciation 17.23 17.37 -0.81% 16.47 16.56 -0.54% 16.49 16.43 0.37% 17.49 15.13 15.60%
PBT 124.01 71.31 73.90% 99.95 78.65 27.08% 114.58 58.19 96.91% 86.14 43.60 97.57%
Tax 29.95 17.54 70.75% 19.07 17.80 7.13% 21.27 7.87 170.27% 20.74 8.23 152.00%
PAT 94.06 53.77 74.93% 80.89 60.85 32.93% 93.31 50.32 85.43% 65.40 35.37 84.90%
PATM 6.52% 5.92% 6.63% 7.04% 8.10% 6.07% 6.02% 4.46%
EPS 4.88 2.79 74.91% 4.20 3.16 32.91% 4.84 2.61 85.44% 3.39 1.83 85.25%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 1,588.62 943.98 68.29% 1,465.01 924.36 58.49% 1,264.18 869.70 45.36% 1,145.89 832.74 37.60%
Expenses 1,427.04 857.36 66.45% 1,290.86 816.87 58.03% 1,104.78 790.14 39.82% 1,030.65 761.78 35.29%
EBITDA 161.58 86.62 86.54% 174.15 107.50 62.00% 159.40 79.56 100.35% 115.24 70.96 62.40%
EBIDTM 10.17% 9.18% 11.89% 11.63% 12.61% 9.15% 10.06% 8.52%
Other Income 15.06 16.04 -6.11% 11.83 22.27 -46.88% 10.30 21.77 -52.69% 8.74 10.03 -12.86%
Interest 13.34 14.93 -10.65% 13.02 15.65 -16.81% 7.68 15.43 -50.23% 12.63 13.59 -7.06%
Depreciation 22.49 20.58 9.28% 21.40 20.75 3.13% 20.28 20.23 0.25% 21.85 16.72 30.68%
PBT 140.82 67.15 109.71% 150.38 93.37 61.06% 138.35 63.53 117.77% 89.50 50.68 76.60%
Tax 35.13 17.23 103.89% 31.15 21.92 42.11% 28.03 10.53 166.19% 23.16 11.04 109.78%
PAT 105.69 49.92 111.72% 119.23 71.45 66.87% 110.31 53.01 108.09% 66.34 39.65 67.31%
PATM 6.65% 5.29% 8.14% 7.73% 8.73% 6.09% 5.79% 4.76%
EPS 5.20 2.79 86.38% 5.25 3.68 42.66% 5.34 2.74 94.89% 3.33 2.04 63.24%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Net Sales 4,901.92 2,277.75 1,833.30 1,135.59 646.26 438.30 397.08 354.00 Net Sales Growth 44.41% 24.24% 61.44% 75.72% 47.45% 10.38% 12.17% Cost Of Goods Sold 3,774.88 1,845.37 1,552.19 865.22 438.76 282.09 227.30 218.93 Gross Profit 1,127.04 432.38 281.11 270.36 207.50 156.21 169.78 135.06 GP Margin 22.99% 18.98% 15.33% 23.81% 32.11% 35.64% 42.76% 38.15% Total Expenditure 4,414.17 2,133.97 1,798.87 1,053.49 588.38 390.07 327.73 312.04 Power & Fuel Cost - 14.48 11.47 7.60 4.72 3.99 5.15 3.62 % Of Sales - 0.64% 0.63% 0.67% 0.73% 0.91% 1.30% 1.02% Employee Cost - 82.49 65.12 51.06 40.20 26.24 23.84 22.14 % Of Sales - 3.62% 3.55% 4.50% 6.22% 5.99% 6.00% 6.25% Manufacturing Exp. - 135.23 121.02 94.25 70.21 52.08 48.86 39.68 % Of Sales - 5.94% 6.60% 8.30% 10.86% 11.88% 12.30% 11.21% General & Admin Exp. - 47.79 36.42 25.05 24.76 16.11 12.40 14.67 % Of Sales - 2.10% 1.99% 2.21% 3.83% 3.68% 3.12% 4.14% Selling & Distn. Exp. - 13.51 9.39 9.47 10.24 9.12 9.35 13.42 % Of Sales - 0.59% 0.51% 0.83% 1.58% 2.08% 2.35% 3.79% Miscellaneous Exp. - 4.08 6.88 4.07 1.25 1.80 1.40 1.47 % Of Sales - 0.18% 0.38% 0.36% 0.19% 0.41% 0.35% 0.42% EBITDA 487.76 143.78 34.43 82.10 57.88 48.23 69.35 41.96 EBITDA Margin 9.95% 6.31% 1.88% 7.23% 8.96% 11.00% 17.46% 11.85% Other Income 46.11 45.76 52.78 37.73 7.91 6.18 7.81 3.40 Interest 38.25 46.55 29.93 16.32 4.80 6.00 9.63 8.31 Depreciation 67.68 45.76 32.04 17.13 13.09 12.07 9.70 9.75 PBT 424.68 97.23 25.24 86.37 47.90 36.34 57.83 27.30 Tax 91.03 15.50 3.87 31.36 17.29 7.72 8.35 6.33 Tax Rate 21.43% 16.28% 16.20% 36.31% 36.10% 21.24% 15.99% 23.19% PAT 333.66 79.73 20.03 55.01 30.61 28.61 43.88 20.97 PAT before Minority Interest 333.66 79.73 20.03 55.01 30.61 28.61 43.88 20.97 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 6.81% 3.50% 1.09% 4.84% 4.74% 6.53% 11.05% 5.92% PAT Growth 66.57% 298.05% -63.59% 79.71% 6.99% -34.80% 109.25% EPS 17.31 4.14 1.04 2.85 1.59 1.48 2.28 1.09

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Net Sales 5,463.70 3,786.69 3,154.12 2,048.39 1,019.72 438.30 397.08 Net Sales Growth 53.01% 20.06% 53.98% 100.88% 132.65% 10.38% Cost Of Goods Sold 4,075.19 2,931.47 2,507.12 1,540.48 718.54 282.09 227.30 Gross Profit 1,388.51 855.22 647.00 507.90 301.18 156.21 169.78 GP Margin 25.41% 22.58% 20.51% 24.80% 29.54% 35.64% 42.76% Total Expenditure 4,853.33 3,463.37 2,951.86 1,857.14 923.19 390.07 327.73 Power & Fuel Cost - 23.46 18.75 13.45 7.17 3.99 5.15 % Of Sales - 0.62% 0.59% 0.66% 0.70% 0.91% 1.30% Employee Cost - 178.27 138.39 94.33 54.76 26.24 23.84 % Of Sales - 4.71% 4.39% 4.61% 5.37% 5.99% 6.00% Manufacturing Exp. - 210.24 185.58 137.59 91.40 52.08 48.86 % Of Sales - 5.55% 5.88% 6.72% 8.96% 11.88% 12.30% General & Admin Exp. - 85.88 67.55 50.01 34.55 16.11 12.40 % Of Sales - 2.27% 2.14% 2.44% 3.39% 3.68% 3.12% Selling & Distn. Exp. - 21.42 17.59 14.48 14.00 9.12 9.35 % Of Sales - 0.57% 0.56% 0.71% 1.37% 2.08% 2.35% Miscellaneous Exp. - 12.63 16.89 10.51 4.53 1.80 1.40 % Of Sales - 0.33% 0.54% 0.51% 0.44% 0.41% 0.35% EBITDA 610.37 323.32 202.26 191.25 96.53 48.23 69.35 EBITDA Margin 11.17% 8.54% 6.41% 9.34% 9.47% 11.00% 17.46% Other Income 45.93 49.42 58.33 44.41 12.39 6.18 7.81 Interest 46.67 58.46 41.31 25.72 8.59 6.00 9.63 Depreciation 86.02 75.07 51.48 31.20 19.43 12.07 9.70 PBT 519.05 239.21 167.79 178.73 80.90 36.34 57.83 Tax 117.47 52.63 42.10 55.62 26.76 7.72 8.35 Tax Rate 22.63% 22.20% 25.29% 31.12% 33.08% 21.24% 15.99% PAT 401.57 169.87 107.33 119.35 53.00 28.61 43.88 PAT before Minority Interest 368.10 184.45 124.34 123.11 54.14 28.61 43.88 Minority Interest -33.47 -14.58 -17.01 -3.76 -1.14 0.00 0.00 PAT Margin 7.35% 4.49% 3.40% 5.83% 5.20% 6.53% 11.05% PAT Growth 87.62% 58.27% -10.07% 125.19% 85.25% -34.80% EPS 20.83 8.81 5.57 6.19 2.75 1.48 2.28

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 1,497.73 1,441.61 1,455.08 543.89 238.17 101.70 57.19 Share Capital 178.05 177.43 176.78 137.62 0.75 0.70 0.70 Total Reserves 1,315.46 1,259.56 1,272.15 402.77 237.42 101.00 56.49 Non-Current Liabilities 77.05 102.30 99.37 13.26 32.77 38.67 47.78 Secured Loans 35.70 64.27 86.31 3.48 24.50 7.01 6.78 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 17.20 31.81 Long Term Provisions 7.00 6.25 4.85 3.60 3.19 9.96 2.58 Current Liabilities 1,903.08 1,557.31 659.30 395.58 189.07 230.85 181.44 Trade Payables 1,367.86 1,042.37 354.77 148.30 114.84 106.81 91.15 Other Current Liabilities 57.67 103.38 91.59 77.89 47.13 48.16 40.61 Short Term Borrowings 470.23 409.61 161.80 126.76 24.25 53.14 48.35 Short Term Provisions 7.32 1.96 51.14 42.62 2.85 22.74 1.33 Total Liabilities 3,477.86 3,101.22 2,213.75 952.73 460.01 371.22 286.41 Net Block 495.39 473.88 248.17 114.00 81.37 86.48 85.53 Gross Block 619.63 553.34 296.92 152.69 103.14 96.17 95.28 Accumulated Depreciation 124.24 79.46 48.75 38.69 21.77 9.69 9.74 Non Current Assets 1,318.88 1,495.88 1,449.42 576.23 195.19 109.48 89.83 Capital Work in Progress 55.23 10.14 25.25 39.93 0.00 0.43 0.46 Non Current Investment 676.12 677.90 426.68 404.47 88.74 0.00 0.00 Long Term Loans & Adv. 82.79 54.68 12.50 17.83 25.08 22.57 3.84 Other Non Current Assets 9.36 279.28 736.82 0.00 0.00 0.00 0.00 Current Assets 2,158.98 1,605.33 764.33 376.50 264.82 261.74 196.59 Current Investments 0.00 0.04 33.96 0.00 0.00 0.00 0.00 Inventories 482.44 672.47 348.12 114.79 77.08 68.22 63.68 Sundry Debtors 1,154.23 704.72 229.67 171.79 127.87 116.36 99.23 Cash & Bank 253.51 46.63 36.28 11.20 30.21 35.17 14.23 Other Current Assets 268.81 9.80 5.84 6.86 29.67 41.99 19.44 Short Term Loans & Adv. 170.80 171.68 110.45 71.85 23.49 37.74 12.78 Net Current Assets 255.90 48.02 105.03 -19.07 75.75 30.90 15.14 Total Assets 3,477.86 3,101.21 2,213.75 952.73 460.01 371.22 286.42

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Shareholder's Funds 1,749.96 1,612.61 1,540.28 572.06 241.57 101.70 Share Capital 178.05 177.43 176.78 137.62 0.75 0.70 Total Reserves 1,567.37 1,430.57 1,363.50 430.93 240.83 101.00 Non-Current Liabilities 164.12 166.41 166.54 92.54 57.09 31.20 Secured Loans 61.86 64.48 86.98 3.89 24.50 7.01 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 17.20 Long Term Provisions 15.25 13.22 37.43 51.19 27.51 2.49 Current Liabilities 2,213.50 1,844.74 955.97 571.82 189.07 230.85 Trade Payables 1,574.39 1,223.09 489.48 240.45 114.84 106.81 Other Current Liabilities 104.16 121.16 99.70 87.47 47.13 48.16 Short Term Borrowings 521.37 488.83 256.39 187.39 24.25 53.14 Short Term Provisions 13.58 11.66 110.40 56.51 2.85 22.74 Total Liabilities 4,202.44 3,688.18 2,665.41 1,247.26 487.73 363.75 Net Block 1,144.33 1,075.43 532.39 377.52 81.37 86.48 Gross Block 1,362.81 1,222.70 626.57 445.19 103.14 96.17 Accumulated Depreciation 218.48 147.27 94.18 67.67 21.77 9.69 Non Current Assets 1,261.54 1,411.99 1,342.99 497.08 222.91 102.00 Capital Work in Progress 65.56 16.83 25.32 40.80 0.00 0.43 Non Current Investment 8.03 6.40 6.00 4.71 92.14 0.00 Long Term Loans & Adv. 33.16 33.55 42.43 73.07 39.29 15.10 Other Non Current Assets 10.46 279.79 736.85 0.57 10.11 0.00 Current Assets 2,940.89 2,276.19 1,322.41 750.17 264.82 261.74 Current Investments 51.36 35.47 78.04 36.30 0.00 0.00 Inventories 821.87 1,004.26 587.44 291.30 77.08 68.22 Sundry Debtors 1,477.46 930.15 402.23 272.23 127.87 116.36 Cash & Bank 295.79 86.63 54.43 36.91 30.21 35.17 Other Current Assets 294.41 9.67 7.67 7.33 29.67 41.99 Short Term Loans & Adv. 212.41 210.02 192.61 106.10 23.49 37.74 Net Current Assets 727.39 431.45 366.44 178.35 75.75 30.90 Total Assets 4,202.43 3,688.18 2,665.40 1,247.25 487.73 363.74

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 86.53 -184.54 -60.72 13.32 23.85 70.83 PBT 95.23 23.89 86.37 47.90 36.34 52.23 Adjustment 54.07 28.04 1.89 15.45 13.99 20.41 Changes in Working Capital -47.08 -219.71 -129.34 -37.33 -16.44 4.77 Cash after chg. in Working capital 102.22 -167.78 -41.08 26.02 33.88 77.41 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -15.68 -16.77 -19.64 -12.70 -10.03 -6.58 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -46.55 14.79 -860.77 -387.52 -94.42 -29.05 Net Fixed Assets -111.38 -241.31 -129.55 -89.48 -6.54 Net Investments 1.82 -217.30 -56.17 -315.73 -88.74 Others 63.01 473.40 -675.05 17.69 0.86 Cash from Financing Activity -39.79 179.74 941.85 354.97 68.01 -20.64 Net Cash Inflow / Outflow 0.20 9.98 20.37 -19.23 -2.55 21.14 Opening Cash & Equivalents 39.28 29.15 8.83 27.96 30.77 6.15 Closing Cash & Equivalent 40.01 39.28 29.15 8.83 27.96 30.77

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 176.46 -109.13 -70.28 14.52 23.85 70.83 PBT 237.07 166.44 178.73 80.90 36.34 52.23 Adjustment 93.48 59.12 20.71 22.74 13.99 20.41 Changes in Working Capital -93.44 -280.74 -229.99 -65.90 -16.44 4.77 Cash after chg. in Working capital 237.12 -55.18 -30.55 37.74 33.88 77.41 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -60.66 -53.95 -39.73 -23.22 -10.03 -6.58 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -105.15 -28.28 -885.72 -393.61 -94.42 -29.05 Net Fixed Assets -111.38 -241.31 -129.55 -89.48 -6.54 Net Investments 1.82 -217.30 -56.17 -315.73 -88.74 Others 4.41 430.33 -700.00 11.60 0.86 Cash from Financing Activity -70.70 150.27 967.96 358.72 68.01 -20.64 Net Cash Inflow / Outflow 0.61 12.87 11.97 -20.37 -2.55 21.14 Opening Cash & Equivalents 78.38 46.49 33.41 27.96 30.77 6.15 Closing Cash & Equivalent 80.86 78.38 46.49 33.41 27.96 30.77

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 83.88 80.99 81.96 39.27 31.53 1448.79 ROA 2.42% 0.75% 3.47% 4.33% 6.88% 13.34% ROE 5.44% 1.39% 5.53% 7.86% 16.84% 55.23% ROCE 7.15% 2.95% 8.62% 10.86% 17.65% 36.71% Fixed Asset Turnover 3.88 4.31 5.05 5.05 4.40 4.15 Receivable days 148.94 93.02 64.52 84.62 101.69 99.09 Inventory Days 92.53 101.60 74.39 54.18 60.50 60.62 Payable days 238.36 164.27 106.11 109.45 143.40 158.94 Cash Conversion Cycle 3.12 30.34 32.80 29.35 18.79 0.77 Total Debt/Equity 0.36 0.35 0.17 0.25 0.24 0.82 Interest Cover 3.05 1.80 6.29 10.98 7.05 6.43

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 98.03 90.63 87.13 41.31 31.98 1448.79 ROA 4.68% 3.91% 6.29% 6.24% 6.72% 11.82% ROE 11.00% 7.90% 11.68% 13.37% 16.67% 43.14% ROCE 12.99% 10.19% 15.41% 16.82% 17.52% 33.35% Fixed Asset Turnover 2.93 3.41 3.82 3.72 4.40 4.13 Receivable days 116.03 77.09 60.09 71.61 101.69 106.96 Inventory Days 88.01 92.10 78.29 65.93 60.50 62.71 Payable days 174.16 124.66 86.47 90.24 143.40 171.52 Cash Conversion Cycle 29.89 44.53 51.91 47.30 18.79 -1.85 Total Debt/Equity 0.35 0.36 0.23 0.34 0.23 0.82 Interest Cover 5.06 5.03 7.95 10.42 7.05 6.43

Top Investors:

krishna kumar pant

ranjeet singh lonial

franklin india small cap fund

tata aia life insurance co ltd unit linked multi cap fund

hdfc life insurance company limited

axis mutual fund trustee limited a/c axis mutual fund a/c axis small cap fund

motilal oswal small cap fund

Annual Reports:

News Update:

Syrma SGS Technology - Quarterly Results
30th Jul 2026, 00:00 AM

Read More
Sattrix Information wins order worth Rs 13 lakh
23rd Jun 2026, 11:52 AM

The said order is expected to be completed within 11 months
Read More
Syrma SGS Technology inks pact with Kaga to form JVCo for EMS facility
23rd Jun 2026, 10:43 AM

In the JVCo that is proposed to be incorporated, the company will own 60% of the equity shares
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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