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Syrma SGS Technology

₹404 19.5 | 5.1%

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

Syrma SGS Technology Research see more...

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.

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Syrma SGS Technology Share Price

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Volume
Price

Quarterly Price

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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

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.

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