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Syrma SGS Technology Ltd share Price Today

Company details

461.75
480.00
386.10
705.20
6M Return -28.36%
1Y Return 13.37%
Mkt Cap.(Cr) 8,271.91
Volume 413,856
Div Yield 0.32%
OI
-
OI Chg %
-
Volume 413,856

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Electrical Equipment & Products company Syrma SGS Technology announced FY24 results:

  • The company for the FY24, reported a consolidated total revenue of Rs 32,124 million, up by 53.5% YoY, as compared to Rs 20,921 million for FY23, primarily driven by Healthcare, Automotive and Consumer segments.

  • The Consolidated EBITDA was up by 11.1% YoY to Rs 2,571 million as against Rs 2,315 million for the corresponding period of the previous year. Profit after Tax was Rs 1,243 million, up by 1.1% YoY as compared to Rs 1,231 million last year.

Result PDF

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Syrma SGS Technology Ltd shares SWOT Analysis

Strengths (6)

  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (6)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (0)

Data not found

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 473.6
R2 480.7
R3 484.7
Pivot

469.53

S1 462.4
S2 458.4
S3 451.3
EMA SMA
460.8
468.8
490.6
494.2
456.4
464.2
496.2
543.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 595.3 168276 NSE
SOCIETE GENERALE Block Sell 2024-01-25 595.3 168276 NSE
HORIZON IMPEX PRIVATE LIMITED Block Purchase 2023-08-17 468.55 350470 NSE
Name Category Shares
Jasbir Singh Gujral PROMOTER 7.04%
Veena Kumari Tandon PROMOTER 0.85%
Tancom Electronics Private Limited PROMOTER 35.66%
Modern Die Casting LLP PROMOTER 3.18%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Syrma SGS Technology Ltd Stocks COMPARISON

Financials( in Cr) Syrma SGS Technology Ltd Honeywell Automation India Ltd Cyient DLM Ltd Centum Electronics Ltd Vinyas Innovative Technologies Ltd
Price 465.80 57,926.80 688.15 1,715.75 1,228.35
% Change -0.14 6.15 0.24 3.78 3.42
Mcap Cr 8,271.91 51,218.88 5,457.44 2,211.26 1,545.88
Revenue TTM Cr 2,048.39 3,447.59 1,191.87 922.97 234.52
Net Profit TTM Cr 123.11 438.01 61.20 6.69 7.34
PE TTM 76.48 96.21 88.78 0.00 97.43
1 Year Return 13.37 40.48 63.61 39.16 254.50
ROCE 14.99 19.40 13.63 7.22 17.56
ROE 11.66 14.54 11.06 3.23 19.07
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,540.28 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 35,930.46 -6,140.05
LAST 3M 112,173.55 -45,499.40
LAST 6M 183,830.47 -16,034.02
LAST 12M 290,122.07 99,526.79

Syrma SGS Technology Ltd Information

Stock PE (TTM)
76.48
Promoter Holding
46.89%
Book Value
90.8165
ROCE
14.99%
ROE
11.66%
Description
  • Syrma SGS Technology Limited was incorporated as `Syrma Technology Private Limited` on August 23, 2004, by the RoC in Mumbai. The name of Company was changed to `Syrma SGS Technology Private Limited`, and consequently, a fresh Certificate of Incorporation on September 14, 2021, was issued by the RoC to Company. Thereafter, Company converted from a Private Company to Public Company, on October 6, 2021, and the name was changed to Syrma SGS Technology Limited, vide a fresh Certificate of Incorporation on October 20, 2021, was issued to the Company by RoC. The Company, founded in 1978 by industry pioneers (Tandon family), is located in San Jose (California), and Chennai (India), developing quality technology products. It is one of India`s leading exporters of electronics, providing a high-value integrated design and production solution for internationally recognized OEMs. The Company is a technology-focused engineering and design Company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries. At present, it operates through 11 manufacturing facilities spread across Tamil Nadu, Karnataka, Himachal Pradesh, Uttar Pradesh and Haryana. The Company has a product portfolio with applications across diverse end-use industries. The products are primarily focused toward ODMs and OEMs serving end-use industries including the automotive, healthcare, IT, industrial appliances, energy management, water purification, power supply and consumer products industries. It has 3 R&D facilities, of which 2 located in India at Chennai, Tamil Nadu and Gurgaon, Haryana respectively and 1 in Stuttgart, Germany. Apart from this, it has a robust supplier network which included over suppliers in India and overseas, in over 19 countries, including USA, Singapore and China. The manufacturing processes are monitored and controlled through Company`s manufacturing execution systems, which allows for the product and process traceability through barcodes. This enables to capture data in real time, thus empowering its personnel to have a 360 degree view of shop floor inventory, process efficiency and process quality which results in an overall improvement in productivity. In addition to its existing manufacturing, and engineering and design services offerings, it provide prototyping services, tester development and repair and rework services. The Company undertake the NPI (New Product Introduction) process through Mentor Graphics software platform. Apart from this, it has process-based quality systems in place for the entire production cycle, including in respect of procurement, receipt and incoming inspection, storage and packaging, and stage wise quality checks on the production line. In 2006, the Company set up manufacturing unit in MEPZ-SEZ, Chennai. In 2007, it designed and manufactured direct digital dental X-ray FGPA controllers in connection to healthcare industry. It began to cater to the automotive end-use industry with the manufacture of hall sensor PCBAs in 2007. In 2008, it manufactured set top boxes to address the requirements of home entertainment industry. It got into manufacturing of GSM antenna, pursuant to the advent of 3G technology in India. In 2009, the Company progressed to manufacturing of vehicle tracking systems and toll management systems. In 2010, it established a manufacturing facility in Bargur and further commenced manufacturing of automatic dimmers for homes. In 2012, it commenced manufacturing beacons for vehicles. In 2014, it set up first research & development department in India. It progressed in manufacturing of PCBAs for X-ray machines. In December 2014, the Company acquired Tovya Automation. It further proceeded in manufacturing energy-efficient electronic inverters and home appliance control PCBAs. In 2015, it further proceeded in manufacturing of controller units for air conditioners. PCBAs for smart canes for visually challenged people was designed and manufactured. In April 2016, 3G Communication Private Limited merged with the Company and thereafter the post-merger, the Company started manufacturing RFID tags. It proceeded to manufacturing of induction cooktop components. Subsequently, pursuant to advancements to 4G technology, it proceeded to manufacture 4G and LTE antenna. In 2018, the Company established manufacturing facility in Bawal; Further, it started `Zone of Autonomous Creation` to support rapid prototyping services and another manufacturing unit in the MEPZ-SEZ, Chennai respectively. In 2018, the Company prioritized place in manufacturing sector medium scale in the 3rd edition of CII Southern Region Poka Yoke Competition 2018. It augmented reality equipment for ophthalmological applications. In 2019, the Company commenced offering repair and rework services. In 2020, the Company commenced manufacture of controllers of the EV battery management systems and made investments in the Company by South Asia Growth Fund II Holdings LLC and South Asia EBT Trust. The Company augmented PCBAs for baby case CPAP ventilators in year 2020. In June 2020, the Company amalgamated with Reliable Consultancy Services Private Limited vide the Order of the National Company Law Tribunal, Mumbai. In year of 2021, the Company acquired SGS Tekniks Manufacturing Private Limited and 75% of issued and paid up share capital of Perfect ID India Private Limited. In 2021, the Company installed 4W lighting system boards. Apart from business strategy to expand market share in EMS sector and widen its geographical footprint in national market, the Company acquired SGS Tekniks in September 2021 and Perfect ID in October 2021. Pursuant to this acquisition, the Company increased manufacturing capacities and in-house R&D capabilities, in expanding the existing supplier network. The Company is planning to come out with a Public Issue comprising a fresh issue by raising capital upto Rs. 926 crore and by issuing 3,369,360 equity shares through Offer for Sale.

Registered Address

Unit No 601 6th Floor, Flora Deck Plaza Andheri(East), Mumbai, Maharashtra, 400093

Tel : 91-22-40363000
Email : compliance:syrmasgs.com
Website : http://www.syrmasgs.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543573
NSE Code : SYRMA
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE0DYJ01015

FAQ’s on Syrma SGS Technology Ltd Shares

You can buy Syrma SGS Technology Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Syrma SGS Technology Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:58 PM the closing price of Syrma SGS Technology Ltd was Rs.465.80.

The latest PE ratio of Syrma SGS Technology Ltd as of Jun 14, 2024 03:58 PM is 76.48

The latest PB ratio of Syrma SGS Technology Ltd as of Jun 14, 2024 03:58 PM is 0.19

The 52-week high of Syrma SGS Technology Ltd share price is Rs. 705.20 while the 52-week low is Rs. 386.10

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:58 PM, the market cap of Syrma SGS Technology Ltd stood at Rs. 8,271.91.

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