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Syrma SGS Technology Ltd share Price

Company details

6M Return 111.81%
1Y Return 102.18%
Mkt Cap.(Cr) 9,746.66
Volume 261,613
Div Yield 0.28%
OI Chg %
Volume 261,613

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Other Electrical Equipment/Products company Syrma SGS Technology announced consolidated Q1FY24 results:

  • Total revenue of Rs 6,234 million, up by 59% YoY, as compared to Rs 3,918 million for Q1FY23, primarily driven by Automotive, Consumer, and Industrial segments.
  • EBITDA was up by 64% YoY to Rs 590 million as against Rs 360 million for Q1FY23.
  • Profit Before Tax was Rs 413 million, up 73% YoY as compared to Rs 239 million in Q1FY23.
  • Profit after Tax was Rs 283 million up by 65% as compared to Rs 172 million for Q1FY23.

Sandeep Tandon, Chairman, Syrma SGS said, “We are delighted to welcome JDHL to the Syrma SGS family. This partnership is a strategic fit for us, as it aligns with our vision of foraying into the fast-growing medical devices segment. JDHL has a proven track record of delivering innovative and high-quality products to its customers, and we look forward to leveraging their design capability will expand Syrma’s ODM skills in the high-growth medical electronics space”.

Satyendra Johari, Chairman, JDHL said, “In the last three decades, JDHL has earned the Trust and Recognition of Global leading medical device companies for Design, Engineering, and manufacturing services. We are excited to be partnering with Syrma SGS, whose Dynamic leadership and expansive industry insight will broaden the spectrum for us to develop smart and affordable medical electronics for the World. With this partnership, we are poised to be the leading medical electronics company in India".



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Syrma SGS Technology Ltd Stocks COMPARISION


Equity Capital: 1,540.28 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,065.79 -9,437.36
LAST 3M 48,885.55 -453.72
LAST 6M 53,246.77 148,781.31
LAST 12M 137,184.48 160,910.46

Syrma SGS Technology Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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

Link Intime India Pvt Ltd

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

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 Sep 26, 2023 03:59 PM the closing price of Syrma SGS Technology Ltd was ₹ 551.35.

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 Sep 26, 2023 03:59 PM, the market cap of Syrma SGS Technology Ltd stood at ₹ 9,746.66.

The latest PE ratio of Syrma SGS Technology Ltd as of Sep 26, 2023 03:59 PM is 72.61

The latest PB ratio of Syrma SGS Technology Ltd as of Sep 26, 2023 03:59 PM is 0.16

The 52-week high of Syrma SGS Technology Ltd is ₹ 588.00 while the 52-week low is ₹ 248.10

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