Minerva Capital Research Solutions

Syrma SGS Technology

NSE: SYRMABSE: 543573
Compare with peers
₹ 1,563.00▲ 48 (+3.17%)28 Oct, 03:28 pm IST
Market cap
₹ 27,661 Cr.
P/E
74.4x
P/B
10.07x
52-week range
634.5 – 1,822.6
ROE
14%
ROCE
17%
Dividend yield
0.1%
Debt / equity
0.15
Sector
Industrial Manufacturing
Industry
Industrial Products
Listed on
NSE, BSE

About

Syrma SGS Technology Limited is an India-based electronic manufacturing services company engaged in providing electronic system design and manufacturing. The Company is engaged in the business of manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, memory modules, power supplies / adapters, fiber optic assemblies, magnetic induction coils and radio frequency identification (RFID) products and other electronic products. Its services include electronic manufacturing, engineering & technology, RFID, MedTech ODM and magnetics. It supplies complete high-level assemblies, including PCBAs, enclosures, wire harnesses, testing and custom packing. Its engineering & technology services include product engineering, digital engineering, design studio and prototyping. Its MedTech products include Aesthetic Devices, Diagnostic Devices, Wearable Devices, Microcurrent Devices and Neubie- Neuro Muscular Stimulation Devices.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Industrial Products: 186 companies →

Syrma SGS Technology against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)74.4 against a typical 30.9: pricier than most peers (1st = cheapest).150th of 184
  • Sales growth+68.3% against a typical +20.3% from a year earlier.26th of 147
  • Profit growth+112% against a typical +9.4% from a year earlier.31st of 121
  • Share price, 3 months+12.8% against a typical −3.7%.47th of 164
  • Size₹ 27,660.6 Cr. market value against a typical ₹ 305.2 Cr. (1st = largest).4th of 176

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

High safety

Rated AA by India Ratings
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND AA; IND A1+Stable5 May 2026
Credit rating actions
RatingDetails
5 May 2026
▲ Upgrade1 notch
IND AA- → IND AA—India Ratings₹ 890 Cr.
18 Sep 2025
Reaffirmed
IND AA-—India Ratings₹ 890 Cr.

Research by Minerva Capital Research Solutions

Our research team's work on Syrma SGS Technology

Also covered in

ESDM : Focus on PCBA
Sector note · 19 Dec 2025 · Free

Board meetings

Results dates and other board meetings. Full calendar

Details
30 Oct 2026UpcomingFinancial ResultsTo consider and approve the financial results for the period ended September 30, 2026
29 Jul 2026Financial Results/Fund RaisingTo consider and approve the financial results for the period ended Jun 30, 2026 and Fund Raising
11 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
29 Jan 2026Financial ResultsIntimation of the Board Meeting of under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
10 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
23 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025
13 May 2025Financial Results/Dividend/Fund RaisingTo consider and approve the financial results for the period ended March 31, 2025, dividend and Fund Raising

Share price

1Y change +107.03%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales7127071,1431,1608338709249441,1461,2641,4651,589
Expenses6636671,0591,1157627908178571,0311,1051,2911,427
Operating Profit49398345718010887115159174162
OPM %7%6%7%3.9%9%9%12%9%10%13%12%10%
Other Income81271510202216971115
Interest8111314141516151381313
Depreciation121416171720212122202122
Profit before tax372761295164936790138150141
Tax %17%25%26%31%22%17%23%26%26%20%21%25%
Net Profit312045204053715066110119106
EPS in Rs1.60.871.971.092.042.743.672.793.335.335.255.19

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
40%
3 Years
33%
TTM
53%
Compounded Profit Growth
10 Years
—
5 Years
36%
3 Years
39%
TTM
84%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
45%
TTM
—
Return on Equity
10 Years
—
5 Years
11%
3 Years
10%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
42.28%
−4.15 pts in a year
FIIs
7.51%
+1.17 pts in a year
DIIs
15.9%
+6.75 pts in a year
Government
0.01%
+0.01 pts in a year
Public
34.17%
−3.87 pts in a year
Others
0.11%
+0.05 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 74.4xEPS (12 months) ₹ 19.27Median P/E 71.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Syrma SGS Technology₹ 1,563.00₹ 27,661 Cr.74.4x10.1x14%—
ABB India₹ 6,140.00₹ 1,29,936 Cr.95.2x20.3x—11.6%
Hitachi Energy India₹ 26,250.00₹ 1,17,002 Cr.139x27.6x21%12.1%
CG Power and Industrial Solutions₹ 814.95₹ 1,24,592 Cr.114.8x17.9x20.4%9.6%
Polycab India₹ 7,415.00₹ 1,11,738 Cr.50x11.1x25.4%9.3%
Siemens₹ 3,250.00₹ 1,15,739 Cr.—9.4x11.7%8.5%

Management

Sandeep Tandon
Executive Chairman of the Board
Jaidit Singh Brar
Chief Executive Officer
Bijay Kumar Agrawal
Chief Financial Officer
Bhabagrahi Pradhan
Company Secretary and Compliance Officer
Jasbir Singh Gujral
Managing Director, Executive Director
Jayesh Nagindas Doshi
Whole Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.