Syrma SGS Technology

₹404 19.5 | 5.1%

WEBSITE BSE:543573 NSE : SYRMA 09 Jun, 12:50

Market Cap ₹7170 Cr.

Stock P/E 58.2

P/B 4.6

Current Price ₹404

Book Value ₹ 87.1

Face Value 10

52W High ₹399

Dividend Yield 0.37%

52W Low ₹ 248.1

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Syrma SGS Technology Research see more...

Syrma SGS Technology Ltd

Overview Inc. Year: 2004Industry: Electronics - Components

Syrma SGS Technology Ltd is a leading electronics manufacturing services (EMS) company based in Chennai, India. The company offers a wide range of services such as PCB assembly, box build assembly, system integration, and testing services. With over 40 years of experience in the industry, Syrma SGS has a strong reputation for delivering high-quality products and services to its customers. Syrma SGS has a global customer base across various industries, including automotive, aerospace, medical, industrial, and consumer electronics. The company has a strong focus on innovation and is constantly investing in research and development to stay ahead of industry trends. Syrma SGS is committed to sustainability and has implemented several environmentally-friendly practices in its operations. Overall, Syrma SGS Technology Ltd is a trusted partner for companies looking for reliable and high-quality electronics manufacturing services.

Syrma SGS Technology Share Price

Volume

Price

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Quarterly Price

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Peer Comparison

Syrma SGS Technology Quarterly Results

#(Fig in Cr.)	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	389	467	513	680
Other Income	2	8	12	22
Total Income	392	475	524	701
Total Expenditure	356	420	465	620
Operating Profit	36	55	60	81
Interest	5	6	6	4
Depreciation	7	7	8	9
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	24	42	45	68
Provision for Tax	7	13	11	25
Profit After Tax	17	29	34	43
Adjustments	-1	-1	-1	-1
Profit After Adjustments	16	28	33	42
Adjusted Earnings Per Share	1.1	1.6	1.9	2.4

Syrma SGS Technology Profit & Loss

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	397	438	1020	2049
Other Income	8	6	13	44
Total Income	405	444	1032	2092
Total Expenditure	328	390	923	1861
Operating Profit	77	54	109	232
Interest	10	6	9	21
Depreciation	10	12	19	31
Exceptional Income / Expenses	-6	0	0	0
Profit Before Tax	52	36	81	179
Provision for Tax	8	8	27	56
Profit After Tax	44	29	54	123
Adjustments	0	3	1	-4
Profit After Adjustments	44	32	56	119
Adjusted Earnings Per Share	6.2	4.2	4	7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	133%	0%	0%	0%
Operating Profit CAGR	102%	0%	0%	0%
PAT CAGR	86%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	13%	24%	24%	24%
ROCE Average	17%	23%	23%	23%

Syrma SGS Technology Balance Sheet

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	102	242	572
Minority's Interest	0	0	11
Borrowings	24	24	4
Other Non-Current Liabilities	7	33	97
Total Current Liabilities	231	189	572
Total Liabilities	364	488	1256
Fixed Assets	86	81	378
Other Non-Current Assets	16	142	128
Total Current Assets	262	265	750
Total Assets	364	488	1256

Syrma SGS Technology Cash Flow

#(Fig in Cr.)	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	6	31	28
Cash Flow from Operating Activities	71	24	15
Cash Flow from Investing Activities	-29	-94	-394
Cash Flow from Financing Activities	-21	68	358
Net Cash Inflow / Outflow	21	-3	-20
Closing Cash & Cash Equivalent	31	28	33

Syrma SGS Technology Ratios

#	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.19	4.24	4.04
CEPS(Rs)	7.56	5.39	5.35
DPS(Rs)	0	0	0
Book NAV/Share(Rs)	14.34	31.98	41.31
Core EBITDA Margin(%)	17.47	11.01	9.47
EBIT Margin(%)	15.58	9.66	8.82
Pre Tax Margin(%)	13.15	8.29	7.93
PAT Margin (%)	11.05	6.53	5.31
Cash Profit Margin (%)	13.49	9.28	7.21
ROA(%)	12.06	6.72	6.21
ROE(%)	43.14	16.67	13.37
ROCE(%)	33.35	17.52	16.9
Receivable days	106.96	101.69	71.61
Inventory Days	62.71	60.5	65.93
Payable days	171.52	143.4	90.24
PER(x)	0	0	0
Price/Book(x)	0	0	0
Dividend Yield(%)	0	0	0
EV/Net Sales(x)	0.12	0.06	0.29
EV/Core EBITDA(x)	0.64	0.49	2.7
Net Sales Growth(%)	0	10.38	132.65
EBIT Growth(%)	0	-31.55	112.32
PAT Growth(%)	0	-34.79	89.2
EPS Growth(%)	0	-31.52	-4.77
Debt/Equity(x)	0.82	0.23	0.34
Current Ratio(x)	1.13	1.4	1.31
Quick Ratio(x)	0.84	0.99	0.8
Interest Cover(x)	6.43	7.05	9.99
Total Debt/Mcap(x)	0	0	0

Syrma SGS Technology Shareholding Pattern

#	Sep 2022	Dec 2022	Mar 2023
Promoter	47.42	47.27	47.27
FII	4.08	4.93	4.61
DII	7.45	7.58	8.57
Public	41.05	40.22	39.54
Others	0	0	0
Total	100	100	100

#	Sep 2022	Dec 2022	Mar 2023
Promoter	8.36	8.36	8.36
FII	0.72	0.87	0.82
DII	1.31	1.34	1.52
Public	7.23	7.11	6.99
Others	0	0	0
Total	17.62	17.68	17.68

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 24%
Debtor days have improved from 143.4 to 90.24days.
Company has reduced debt.
Company is almost debt free.

Cons

Promoter holding is low: 47.27%.
Stock is trading at 4.6 times its book value.
The company has delivered a poor profit growth of 0% over past five 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.