Syrma SGS Technology Ltd.

NSE: SYRMA · Industrial Products

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52W Range₹635 – ₹1,823

Snapshot

Unlock Syrma SGS Technology Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Syrma SGS Technology Limited is an Indian-based electronic manufacturing services provider offering integrated design, engineering, and assembly solutions. The company serves a diverse range of sectors including automotive, healthcare, industrial appliances, and consumer electronics.

Business Model

The company operates as a turnkey manufacturer, generating revenue through value-added design, prototyping, and large-scale production of printed circuit board assemblies and electromechanical components. It leverages its manufacturing capabilities to provide end-to-end solutions for original equipment manufacturers.

  • Founded:1978

Growth Outlook

Growth is driven by the increasing demand for electronic sub-assemblies and box builds across the automotive and healthcare sectors. The company continues to expand its service portfolio to include advanced repair, rework, and quick prototyping capabilities.

Key Risks

  • Supply Chain Volatility. The company is susceptible to global shortages and price fluctuations in electronic components and raw materials.
  • Client Concentration. Reliance on a limited number of original equipment manufacturers for a significant portion of revenue poses a concentration risk.
  • Technological Obsolescence. Rapid advancements in electronic design require continuous capital investment to maintain competitive manufacturing capabilities.
  • Regulatory and Compliance Risk. Operating across multiple international markets exposes the company to varying regulatory standards and trade policies.

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Key Metrics

REVENUE

₹6,307 Cr

TTM · consolidated

+62.4%YoY

NET PROFIT

₹459 Cr

TTM · consolidated

+90.9%YoY

EPS

₹21.98

TTM · consolidated

+73.8%YoY

RETURN ON EQUITY

15.7%

TTM · consolidated

+4.9 ppYoY

RETURN ON CAPITAL EMPLOYED

19.7%

TTM · consolidated

+4.6 ppYoY

P/E

68.8×

Q2 FY27 · consolidated

68.8 vs 369.0x5Y avg

EV/EBITDA

40.5x

Q2 FY27 · consolidated

40.5 vs 131.9x5Y avg

EBITDA MARGIN

11.7%

TTM · consolidated

-0.1 ppYoY

NET PROFIT MARGIN

6.2%

Q2 FY27 · consolidated

+0.4 ppYoY

DEBT TO EQUITY

0.2x

Q2 FY27 · consolidated

+0.15xYoY

Peers · Industrial Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Syrma SGS Technology Ltd.SYRMA
₹29,156 Cr68.8×40.4662.4%11.7%15.7%19.7%+85.8%
Zetwerk Manufacturing Businesses LimitedZETWERK
₹26,956 Cr———1.9%———
Honeywell Automation India Ltd.HONAUT
₹25,826 Cr45.7×30.205.3%17.6%12.8%17.1%-20.0%
Kaynes Technology India Ltd.KAYNES
₹21,518 Cr62.2×29.6034.9%19.3%9.1%15.3%-52.1%
Jyoti CNC Automation Ltd.JYOTICNC
₹21,411 Cr66.6×38.3317.4%26.4%17.4%24.8%+9.0%
Tega Industries LimitedTEGA
₹12,684 Cr445.5×37.6384.9%10.3%0.0%6.6%-12.9%

As of Q2 FY27

Financials