MarketFriction

Syrma SGS Technology Ltd

NSE SYRMA · BSE 543573 · Industrial Products
₹1,717.90 -3.65%
NSE close2026-10-01
52 week range634.50 - 1,820.00
Market cap₹32,638 Cr.
P/E87.9
IPO 2022 · +681% since Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 26.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
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 Rs1.600.871.971.092.042.743.672.793.335.335.255.19
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8628861,2672,0483,1543,7874,8195,464
Expenses7277841,1381,8562,9513,4634,2734,853
Operating Profit135102129192203323546610
OPM %16%11%10%9%6%9%11%11%
Other Income1318184456473141
Interest1510112641584847
Depreciation1923253151758486
Profit before tax11387111179166237445519
Tax %19%24%31%31%25%22%22%
Net Profit926979123124184346402
EPS in Rs1,281.97916.985.596.756.049.5316.4819.10
Dividend Payout %0%0%0%22%25%16%9%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%40%33%53%
Compounded Profit Growth%36%39%84%
Stock Price CAGR%%40%121%
Return on Equity%11%10%14%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital55138177177178193
Reserves4185954341,3641,4351,5722,670
Borrowings125103218375630665400
Other Liabilities2382583646281,4461,7882,504
Total Liabilities7869601,1542,5433,6884,2025,767
Fixed Assets2962923785321,0751,1441,458
CWIP104125176672
Investments3013241844259547
Other Assets4595366941,9012,5542,9333,690
Total Assets7869601,1542,5433,6884,2025,767
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity15637-13-70-109176290
Cash from Investing Activity-46-113-373-885-9-103-736
Cash from Financing Activity-5972382968150-71558
Net Cash Flow51-4-413322111
Free Cash Flow10818-103-188-4464114
CFO/OP131%58%13%-16%-27%73%69%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days76867872108142139
Inventory Days93109119139146102108
Days Payable11011298116178193199
Cash Conversion Cycle60839995765248
Working Capital Days20513042363768
ROCE %15%16%15%10%12%17%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters47.22%46.89%46.89%46.89%46.89%46.58%46.53%46.43%42.98%42.72%42.28%42.28%
FIIs10.14%11.13%12.95%10.44%10.32%8.49%6.20%6.34%7.02%6.47%6.60%7.51%
DIIs9.63%8.21%5.80%6.45%6.44%7.46%7.74%9.15%16.38%15.89%16.59%15.90%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%
Public33.02%33.78%34.36%36.22%36.35%37.38%39.49%38.04%33.53%34.80%34.41%34.17%
Others0.00%0.00%0.00%0.00%0.00%0.09%0.06%0.06%0.08%0.13%0.11%0.11%
No. of Shareholders96,4521,05,0681,12,3951,24,9431,29,3981,34,5031,63,2961,61,0891,70,9831,78,6151,78,9862,04,149

Fundamentals

Market Cap₹ 32,638 Cr.
Current Price₹ 1,693
Stock P/E87.9
Book Value₹ 148
ROCE16.8 %
ROE14.0 %
Dividend Yield0.09 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)53%
Compounded Profit Growth (TTM)84%
Consolidated figures.
Valuation
Market capRs 30,369 Cr
Enterprise valueRs 30,689 Cr
P/E (TTM)82.50x
Price to book19.72x
Price to sales5.56x
EV / EBITDA47.09x
EV / EBIT54.25x
EV / sales5.62x
Earnings yield1.21%
Dividend yield0.09%
P/E, 3-year average38.90x
P/B, 3-year average3.01x
Profitability
Operating margin (excl. other income)9.37%
Operating margin (incl. other income)11.50%
EBITDA margin11.93%
Pre-tax margin9.50%
Net profit margin6.74%
Net margin, latest quarter6.30%
ROE11.30%
ROCE15.11%
ROA6.46%
ROE, 3-year average12.62%
ROCE, 3-year average15.62%
ROA, 3-year average7.20%
ROIC (approx.)20.94%
Tax rate31.12%
Other income / net worth2.84%
Growth
Sales growth (latest year)61.72%
Profit growth (latest year)55.04%
Sales CAGR, 3 years33.44%
Profit CAGR, 3 years9.28%
Sales growth QoQ8.44%
Profit growth QoQ-1.11%
Sales growth YoY (latest quarter)68.29%
Profit growth YoY (latest quarter)101.19%
Per share
EPS (TTM)Rs 20.82
EPS (latest year)Rs 6.75
EPS (latest quarter)Rs 5.66
EPS, 3-year averageRs 53.64
Book value per shareRs 87.13
Sales per shareRs 309.07
Cash flow per shareRs -3.98
Free cash flow per shareRs 6.45
Dividend per share (latest year)Rs 1.50
Dividend per share, 3-year averageRs 1.50
Dividends
Dividend payout22.23%
Dividend payout, 3-year average22.23%
Efficiency
Asset turnover0.81x
Fixed asset turnover3.85x
Inventory turnover2.88x
Inventory days127 days
Debtor days72 days
Debtors turnover5.09x
Creditor days199 days
Cash conversion cycle48 days
Working capital days68 days
Leverage
Total debtRs 375 Cr
Cash and bankRs 54 Cr
Net debtRs 320 Cr
Debt to equity0.24x
Net debt / EBITDA0.49x
Interest coverage12.12x
Current ratio (filing 2026-03-31)1.70x
Quick ratio (filing 2026-03-31)1.27x
Trade payables (filing 2026-03-31)Rs 1,959 Cr
Owners' fund to total sources60.58%
Debt to assets14.74%
Cash flow
Cash from Operating Activity (latest year)Rs -70 Cr
Cash from Investing Activity (latest year)Rs -885 Cr
Cash from Financing Activity (latest year)Rs 968 Cr
Net Cash Flow (latest year)Rs 13 Cr
Free cash flow (latest year)Rs 114 Cr
FCFE (approx.: FCF + change in debt)Rs 270 Cr
Cash from ops / profit, 5 years0.32x
Statement figures
Net sales (TTM)Rs 5,464 Cr
Net sales (latest year)Rs 2,048 Cr
Sales (latest quarter)Rs 1,589 Cr
Operating profit excl. other income (latest year)Rs 192 Cr
Operating profit (latest quarter)Rs 162 Cr
Other income (TTM)Rs 41 Cr
EBITDA (TTM)Rs 652 Cr
PBDT (TTM)Rs 605 Cr
Profit before tax (TTM)Rs 519 Cr
Tax (latest year)Rs 56 Cr
Net profit (TTM)Rs 368 Cr
Net profit (latest year)Rs 119 Cr
Net profit (latest quarter)Rs 100 Cr
Depreciation (TTM)Rs 86 Cr
Depreciation (latest quarter)Rs 22 Cr
Interest (TTM)Rs 47 Cr
Cost of goods sold (latest year)Rs 1,694 Cr
Total expenditure (latest year)Rs 1,856 Cr
Total income (latest year)Rs 2,092 Cr
Share capitalRs 177 Cr
ReservesRs 1,364 Cr
Shareholders' fundsRs 1,540 Cr
Total assetsRs 2,543 Cr
Net blockRs 532 Cr
Capital work in progressRs 25 Cr
InvestmentsRs 84 Cr
ReceivablesRs 402 Cr
InventoryRs 587 Cr
Other liabilitiesRs 628 Cr
Shares outstanding (crore)17.68
Ownership
Promoter holding42.28% (-4.15 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 82.5 is at the 46th percentile of its own 3.4-year range (median 85.6, low 48.5, high 152.1).
P/B 19.72 is at the 44th percentile (median 20.40).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSYRMANifty 50Difference
1 week+1.1%-2.8% +3.9 pts
1 month+18.6%-6.8% +25.4 pts
3 months+24.8%-7.6% +32.5 pts
6 months+122.2%+0.4% +121.8 pts
1 year+105.7%-9.9% +115.6 pts
2 years+286.8%-13.6% +300.4 pts
3 years+180.9%+14.2% +166.7 pts
86 mutual fund schemes hold about ₹2,430 Cr. Over three months 12 bought more and 74 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Axis Small Cap Fund1.14%358 -23%
Franklin India Opportunities Fund3.54%344 -20%
Franklin India Small Cap Fund1.51%223 -48%
Franklin India Multi Cap Fund3.76%198 -21%
Helios Flexi Cap Fund2.00%175 -29%
Motilal Oswal Small Cap Fund2.06%168 -33%
Motilal Oswal Multi Cap Fund1.74%81 -10%
Franklin India Flexi Cap Fund0.39%76 -25%
Canara Rob Manufacturing Fund3.02%53 -21%
Motilal Oswal Focused Fund2.85%52 -10%
Aditya Birla SL Large & Mid Cap Fund0.87%52 -21%
Axis India Manufacturing Fund0.85%49 -24%
Bandhan Small Cap Fund0.13%43 -51%
Franklin India Multi Asset Allocation Fund1.48%43 -20%
TRUSTMF Small Cap Fund1.16%33 -36%
Franklin Build India Fund0.91%29 -41%
Aditya Birla SL Business Cycle Fund1.54%28 -22%
Helios Mid Cap Fund1.24%28 -34%
Union Innovation & Opp Fund2.10%26 -26%
Motilal Oswal Active Momentum Fund2.27%26 +100%
JM Mid Cap Fund1.69%23 -23%
Union Small Cap Fund0.85%23 +43%
Tata Dividend Yield Fund1.95%22 -22%
Bandhan Mid Cap Fund0.86%22 -26%
Union Small Cap Fund0.85%20 +43%

Red flags

F-score 2 of 8
explainWeak cash conversion Cash from operations was -17% of net profit over the last 3 years
explainShare dilution Share count up 28% in a year, 25157% in three
lookInventory outrunning sales Inventory grew 102% vs sales +62% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2024-03-13SYRMA SGS EMPLOYEE WELFARE TRUSTEmployees/Designated Employebuy10,000Rs 0.48 CrMarket Purchase
2024-03-12SYRMA SGS EMPLOYEE WELFARE TRUSTEmployees/Designated Employebuy50,000Rs 2.50 CrMarket Purchase
2024-03-06SYRMA SGS EMPLOYEE WELFARE TRUSTOtherbuy47,500Rs 2.47 CrMarket Purchase
2024-02-29SYRMA SGS EMPLOYEE WELFARE TRUSTOtherbuy10,000Rs 0.50 CrMarket Purchase
2024-02-29SYRMA SGS EMPLOYEE WELFARE TRUSTOtherbuy40,000Rs 2.00 CrMarket Purchase
2023-08-17HorizonImpexPrivateLimitedImmediate relativeother350,470Rs 16.42 CrOthers
2023-08-16HorizonImpexPrivateLimitedImmediate relativeother350,470Rs 16.48 CrOthers
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹1,589 Cr +68.3% vs Jun 2025. Net profit ₹106 Cr +112.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-18Dividend - Rs 1.50 Per Share
2025-09-19Dividend - Rs 1.50 Per Share
2024-09-10Dividend - Rs 1.50 Per Share
2024-09-10Annual General Meeting
2023-09-01Dividend - Rs 1.50 Per Share
2023-09-01Annual General Meeting
DateTypeWhat it says
2026-09-22Press ReleaseA press release dated September 22, 2026, titled "Update on inauguration of facility by Syrma Johri MedTech Limited, a subsidiary of Syrma SGS Technol...
2026-09-21AppointmentClarification_Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations...
2026-09-10General UpdatesIntimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing...
2026-09-03Concall / analyst meetSchedule of meet
2026-09-02Press ReleaseA press release dated September 02, 2026, titled "Syrma SGS Elemaster Inaugurates State-of-the-Art High-Reliability Electronics Manufacturing Facility...
2026-08-26Shareholder meetingVoting Results of the Remote e-voting of the 22nd Annual General Meeting of the Company held on Tuesday, August 25, 2026
2026-08-25Director changeChange in Director(s) of the company.
2026-08-25Shareholder meetingSummary of Proceedings of the 22nd (Twenty-Second) Annual General Meeting of SyrmaSGS Technology Limited ( the Company ) held today i.e. on Tuesday, A...
2026-08-18General UpdatesIntimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Lis...
2026-08-14Concall / analyst meetSchedule of meet
2026-08-10Concall / analyst meetSchedule of meet
2026-08-04Concall / analyst meetTranscript
2026-08-03General UpdatesBusiness Responsibility and Sustainability Report of the Company for Financial Year 2025-26
2026-08-03Record DateRecord date for the purpose of Dividend is 18-Aug-2026.
2026-08-03Shareholder meetingNotice of 22nd Annual General Meeting of Syrma SGS Technology Limited ( the Company ) to be held on Tuesday, August 25, 2026, at 04:00 P.M. IST throug...
2026-07-30Concall / analyst meetLink of Recording
2026-07-30Monitoring Agency ReportReport of the Monitoring Agency under Regulation 41 (4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) R...
2026-07-29Press ReleasePress Release for unaudited Financial Results for quarter ended June 30, 2026
2026-07-29General UpdatesIntimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations )- Investor Pres...
2026-07-29Board meeting outcomeOutcome of Board Meeting held on July 29, 2026, under Regulation 30 and 33 read with Part A of Schedule Ill of the SEBI (Listing Obligation and Disclo...
2026-07-24Concall / analyst meetSchedule of meet
2026-06-26Change in ManagementPursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Dire...
2026-06-22AgreementsIntimation under Regulation 30 of Securities and Exchange Board of India (ListingObligations and Disclosure Requirements) Regulations, 2015 (the List...
2026-06-17Disclosure under SEBI TakeovVeena Kumari Tandon, Jasbir singh Gujral has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Boar...
2026-06-12Disclosure under SEBI TakeovVeena Kumari Tandon has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substanti...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 100perc in previous 365 daysClose to Close price movement greater than 75perc in previous 6 monthsHigh low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Syrma SGS Technology Ltd?

Syrma SGS Technology Ltd (SYRMA) has a market capitalisation of Rs 32,638 Cr. at the 2026-10-01 close.

What is the P/E ratio of Syrma SGS Technology Ltd?

Syrma SGS Technology Ltd trades at a P/E of 87.9 on trailing twelve-month profit, at the 2026-10-01 close.

What were Syrma SGS Technology Ltd's latest quarterly results?

In the Jun 2026 quarter, Syrma SGS Technology Ltd sales was Rs 1,589 Cr (+68.3% vs Jun 2025) and net profit was Rs 106 Cr.

What is the 52-week high and low of Syrma SGS Technology Ltd?

The 52-week high is Rs 1,820.00 and the 52-week low is Rs 634.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03