Syrma SGS Technology Ltd.
•₹ 1,439.3-0.3%
2026-08-21
PROS
- Company has delivered good profit growth of 64.6% CAGR over last 5 years
- Latest quarter profit grew 111.7% YoY, showing strong momentum
- Company has consistently been profitable over the last 5 years
- Company has delivered good sales growth of 61.5% CAGR over last 5 years
- Institutional investors have been accumulating - FII+DII up 7.9pp
- Company comfortably covers its interest (10.2x coverage)
CONS
- Promoter holding has decreased over last 2 years: -4.6pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT 0.55x)
- Working capital days have increased from 70 to 129 days
- Valuation is stretched - P/E of 78.2 is well above its own 5-year median (48.2)
- Recurring exceptional / one-off items are inflating headline profit
- Stock is trading at 5.2x its book value
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | SYRMA | 1491.90 | 78.15 | 28768.38 | 0.10 | 105.69 | 111.72 | 1588.62 | 68.29 | 17.70 | 10.17 |
| 2. | KAYNES | 3811.00 | 73.90 | 25546.91 | 0.00 | 56.43 | -24.37 | 946.02 | 40.47 | 14.67 | 15.60 |
| 3. | AVALON | 2240.85 | 112.06 | 14971.51 | 0.00 | 34.87 | 145.31 | 484.41 | 49.83 | 14.12 | 11.96 |
| 4. | UTLSOLAR | 481.20 | 0.00 | 14863.25 | 0.00 | 577.94 | — | 13456.93 | — | 40.63 | 18.94 |
| 5. | VIKRAMSOLR | 170.80 | 17.34 | 6189.01 | 0.00 | 19.78 | -85.17 | 1563.09 | 37.89 | 34.07 | 8.06 |
| 6. | CYIENTDLM | 714.80 | 69.11 | 5674.32 | 0.00 | 16.29 | 118.21 | 373.80 | 34.25 | 10.41 | 9.93 |
| 7. | SAATVIKGL | 399.70 | 20.48 | 5080.39 | 0.00 | 53.63 | -54.01 | 5110.10 | 458.04 | 55.18 | 6.62 |
| 8. | CENTUM | 3372.45 | 100.33 | 4978.42 | 0.15 | 10.55 | 135.70 | 204.15 | -22.53 | 26.02 | 11.54 |
| 9. | WEBELSOLAR | 82.79 | 11.86 | 3594.44 | 0.30 | 777.90 | 1511.56 | 3726.00 | 2053.88 | 59.38 | 33.70 |
| 10. | KERNEX | 1870.00 | 16.48 | 3142.28 | 0.00 | 109.85 | 1382.00 | 503.58 | 800.38 | 23.69 | 32.33 |
| 11. | MODINSULAT | 439.60 | 22.01 | 2072.45 | 0.00 | 29.60 | 94.43 | 188.30 | 33.19 | 10.53 | 16.89 |
| 12. | INA | 93.05 | 10.25 | 2051.30 | 0.00 | 380.25 | 796.94 | 7406.98 | 1766.82 | 34.98 | 9.74 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 601 | 712 | 707 | 1,134 | 1,160 | 833 | 870 | 924 | 944 | 1,146 | 1,264 | 1,465 | 1,589 | |
| 564 | 662 | 667 | 1,059 | 1,115 | 762 | 790 | 817 | 857 | 1,031 | 1,105 | 1,291 | 1,463 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 22 | 9 | 12 | 16 | 15 | 10 | 22 | 22 | 16 | 9 | 10 | 12 | 15 |
| Interest | 8 | 9 | 11 | 13 | 14 | 14 | 15 | 16 | 15 | 13 | 8 | 13 | 13 |
| Depreciation | 10 | 12 | 14 | 16 | 17 | 17 | 20 | 21 | 21 | 22 | 20 | 21 | 22 |
| 41 | 37 | 27 | 61 | 29 | 51 | 64 | 93 | 67 | 90 | 138 | 150 | 141 | |
| Tax % | 31.48% | 17.43% | 24.78% | 26.12% | 30.99% | 21.78% | 16.57% | 23.48% | 25.66% | 25.88% | 20.26% | 20.71% | 24.95% |
| Net Profit | 0 | 0 | 0 | 0 | 20 | 40 | 53 | 71 | 50 | 66 | 110 | 119 | 106 |
| 2 | 2 | 1 | 2 | 1 | 2 | 3 | 4 | 3 | 3 | 5 | 5 | 1 | |
| Equity Capital | 177 | 177 | 178 | 177 | 177 | 177 | 178 | 178 | 178 | 192 | 193 | 193 | 193 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 177 | 177 | 178 | 177 | 177 | 177 | 178 | 178 | 178 | 192 | 193 | 193 | 193 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 601
- 564
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 8
- Depreciation
- 10
- 41
- Tax %
- 31.48%
- Net Profit
- 0
- 2
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 712
- 662
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 9
- Depreciation
- 12
- 37
- Tax %
- 17.43%
- Net Profit
- 0
- 2
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 707
- 667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 11
- Depreciation
- 14
- 27
- Tax %
- 24.78%
- Net Profit
- 0
- 1
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 1,134
- 1,059
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 13
- Depreciation
- 16
- 61
- Tax %
- 26.12%
- Net Profit
- 0
- 2
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1,160
- 1,115
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 14
- Depreciation
- 17
- 29
- Tax %
- 30.99%
- Net Profit
- 20
- 1
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 833
- 762
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 14
- Depreciation
- 17
- 51
- Tax %
- 21.78%
- Net Profit
- 40
- 2
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 177
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 870
- 790
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 15
- Depreciation
- 20
- 64
- Tax %
- 16.57%
- Net Profit
- 53
- 3
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 924
- 817
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 16
- Depreciation
- 21
- 93
- Tax %
- 23.48%
- Net Profit
- 71
- 4
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 944
- 857
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 15
- Depreciation
- 21
- 67
- Tax %
- 25.66%
- Net Profit
- 50
- 3
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 178
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 1,146
- 1,031
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 13
- Depreciation
- 22
- 90
- Tax %
- 25.88%
- Net Profit
- 66
- 3
- Equity Capital
- 192
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 192
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 1,264
- 1,105
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 8
- Depreciation
- 20
- 138
- Tax %
- 20.26%
- Net Profit
- 110
- 5
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 1,465
- 1,291
- Operating Profit
- —
- OPM %
- —
- Other Income
- 12
- Interest
- 13
- Depreciation
- 21
- 150
- Tax %
- 20.71%
- Net Profit
- 119
- 5
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1,589
- 1,463
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 13
- Depreciation
- 22
- 141
- Tax %
- 24.95%
- Net Profit
- 106
- 1
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 193
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 397 | 438 | 1,020 | 2,048 | 3,154 | 3,787 | 4,819 | 5,464 | |
| 328 | 390 | 923 | 1,857 | 2,952 | 3,463 | 4,275 | 4,889 | |
| Operating Profit | 77 | 54 | 109 | 236 | 261 | 373 | 582 | — |
| OPM % | 19 | 12 | 11 | 12 | 8 | 10 | 12 | — |
| Other Income | 8 | 6 | 12 | 44 | 58 | 49 | 38 | 46 |
| Interest | 10 | 6 | 9 | 26 | 41 | 58 | 48 | 47 |
| Depreciation | 10 | 12 | 19 | 31 | 51 | 75 | 84 | 86 |
| 52 | 36 | 81 | 179 | 166 | 237 | 445 | 519 | |
| Tax % | 16 | 21 | 33 | 31 | 25 | 22 | 22 | 23 |
| Net Profit | 44 | 29 | 54 | 123 | 124 | 184 | 346 | 402 |
| EPS | 6 | 4 | 5 | 8 | 6 | 10 | 16 | — |
| Dividend Payout % | 0 | 0 | 0 | 22 | 25 | 16 | 9 | — |
| Minority Interest | 0 | 0 | -1 | -4 | -17 | -15 | -28 | 3 |
| Share of Associates | 0 | 3 | 3 | -0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 4 | 4 | 7 | 6 | 10 | 16 | — |
| Minority Interest | 0 | 0 | -1 | -4 | -17 | -15 | -28 | 3 |
| Share of Associates | 0 | 3 | 3 | -0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 4 | 4 | 7 | 6 | 10 | 16 | — |
Mar 2020
- 397
- 328
- Operating Profit
- 77
- OPM %
- 19
- Other Income
- 8
- Interest
- 10
- Depreciation
- 10
- 52
- Tax %
- 16
- Net Profit
- 44
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2021
- 438
- 390
- Operating Profit
- 54
- OPM %
- 12
- Other Income
- 6
- Interest
- 6
- Depreciation
- 12
- 36
- Tax %
- 21
- Net Profit
- 29
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 3
- Adjusted EPS
- 4
Mar 2022
- 1,020
- 923
- Operating Profit
- 109
- OPM %
- 11
- Other Income
- 12
- Interest
- 9
- Depreciation
- 19
- 81
- Tax %
- 33
- Net Profit
- 54
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- -1
- Share of Associates
- 3
- Adjusted EPS
- 4
- Minority Interest
- -1
- Share of Associates
- 3
- Adjusted EPS
- 4
Mar 2023
- 2,048
- 1,857
- Operating Profit
- 236
- OPM %
- 12
- Other Income
- 44
- Interest
- 26
- Depreciation
- 31
- 179
- Tax %
- 31
- Net Profit
- 123
- EPS
- 8
- Dividend Payout %
- 22
- Minority Interest
- -4
- Share of Associates
- -0
- Adjusted EPS
- 7
- Minority Interest
- -4
- Share of Associates
- -0
- Adjusted EPS
- 7
Mar 2024
- 3,154
- 2,952
- Operating Profit
- 261
- OPM %
- 8
- Other Income
- 58
- Interest
- 41
- Depreciation
- 51
- 166
- Tax %
- 25
- Net Profit
- 124
- EPS
- 6
- Dividend Payout %
- 25
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 6
- Minority Interest
- -17
- Share of Associates
- 0
- Adjusted EPS
- 6
Mar 2025
- 3,787
- 3,463
- Operating Profit
- 373
- OPM %
- 10
- Other Income
- 49
- Interest
- 58
- Depreciation
- 75
- 237
- Tax %
- 22
- Net Profit
- 184
- EPS
- 10
- Dividend Payout %
- 16
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -15
- Share of Associates
- 0
- Adjusted EPS
- 10
Mar 2026
- 4,819
- 4,275
- Operating Profit
- 582
- OPM %
- 12
- Other Income
- 38
- Interest
- 48
- Depreciation
- 84
- 445
- Tax %
- 22
- Net Profit
- 346
- EPS
- 16
- Dividend Payout %
- 9
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- 16
TTM
- 5,464
- 4,889
- Operating Profit
- —
- OPM %
- —
- Other Income
- 46
- Interest
- 47
- Depreciation
- 86
- 519
- Tax %
- 23
- Net Profit
- 402
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 62%
- 3 Years:
- 33%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 58%
- 3 Years:
- 39%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- 46%
- 1 Year:
- 100%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 11%
- Last Year:
- 15%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - |
| Equity Capital | 1 | 1 | 138 | 177 | 177 | 178 | 193 |
| 101 | 241 | 431 | 1,364 | 1,431 | 1,567 | 2,662 | |
| 60 | 32 | 190 | 260 | 489 | 521 | 286 | |
| Trade Payables | 107 | 115 | 240 | 489 | 1,223 | 1,548 | 1,959 |
| 96 | 100 | 248 | 376 | 368 | 387 | 668 | |
| Total Liabilities | 364 | 488 | 1,247 | 2,665 | 3,688 | 4,202 | 5,767 |
| ASSETS | - | - | - | - | - | - | - |
| 86 | 81 | 378 | 532 | 1,075 | 1,144 | 1,458 | |
| Capital Work in Progress | 0 | 0 | 39 | 20 | 11 | 61 | 68 |
| 0 | 92 | 41 | 84 | 42 | 59 | 547 | |
| 68 | 77 | 291 | 587 | 1,004 | 822 | 1,062 | |
| 0 | 0 | 0 | 0 | 930 | 1,477 | 1,841 | |
| Cash & Bank | 35 | 30 | 37 | 54 | 87 | 296 | 299 |
| 173 | 207 | 461 | 1,387 | 539 | 343 | 493 | |
| Total Assets | 364 | 488 | 1,247 | 2,665 | 3,688 | 4,202 | 5,767 |
| Total Debt | 84 | 56 | 194 | 347 | 576 | 611 | 353 |
| Net Working Capital | 31 | 76 | 178 | 366 | 431 | 727 | 1,709 |
| Contingent Liabilities | 7 | 7 | 8 | 6 | 1 | 1 | 6 |
| Book Value per Share | 1448.79 | 3229.61 | 41.31 | 87.13 | 90.63 | 98.03 | 148.21 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 84 | 56 | 194 | 347 | 576 | 611 | 353 |
| Net Working Capital | 31 | 76 | 178 | 366 | 431 | 727 | 1,709 |
| Contingent Liabilities | 7 | 7 | 8 | 6 | 1 | 1 | 6 |
| Book Value per Share | 1448.79 | 3229.61 | 41.31 | 87.13 | 90.63 | 98.03 | 148.21 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2020
- Equity Capital
- 1
- 101
- 60
- Trade Payables
- 107
- 96
- Total Liabilities
- 364
- 86
- Capital Work in Progress
- 0
- 0
- 68
- 0
- Cash & Bank
- 35
- 173
- Total Assets
- 364
- Total Debt
- 84
- Net Working Capital
- 31
- Contingent Liabilities
- 7
- Book Value per Share
- 1448.79
- Face Value
- 10.00
- Total Debt
- 84
- Net Working Capital
- 31
- Contingent Liabilities
- 7
- Book Value per Share
- 1448.79
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 1
- 241
- 32
- Trade Payables
- 115
- 100
- Total Liabilities
- 488
- 81
- Capital Work in Progress
- 0
- 92
- 77
- 0
- Cash & Bank
- 30
- 207
- Total Assets
- 488
- Total Debt
- 56
- Net Working Capital
- 76
- Contingent Liabilities
- 7
- Book Value per Share
- 3229.61
- Face Value
- 10.00
- Total Debt
- 56
- Net Working Capital
- 76
- Contingent Liabilities
- 7
- Book Value per Share
- 3229.61
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 138
- 431
- 190
- Trade Payables
- 240
- 248
- Total Liabilities
- 1,247
- 378
- Capital Work in Progress
- 39
- 41
- 291
- 0
- Cash & Bank
- 37
- 461
- Total Assets
- 1,247
- Total Debt
- 194
- Net Working Capital
- 178
- Contingent Liabilities
- 8
- Book Value per Share
- 41.31
- Face Value
- 10.00
- Total Debt
- 194
- Net Working Capital
- 178
- Contingent Liabilities
- 8
- Book Value per Share
- 41.31
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 177
- 1,364
- 260
- Trade Payables
- 489
- 376
- Total Liabilities
- 2,665
- 532
- Capital Work in Progress
- 20
- 84
- 587
- 0
- Cash & Bank
- 54
- 1,387
- Total Assets
- 2,665
- Total Debt
- 347
- Net Working Capital
- 366
- Contingent Liabilities
- 6
- Book Value per Share
- 87.13
- Face Value
- 10.00
- Total Debt
- 347
- Net Working Capital
- 366
- Contingent Liabilities
- 6
- Book Value per Share
- 87.13
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 177
- 1,431
- 489
- Trade Payables
- 1,223
- 368
- Total Liabilities
- 3,688
- 1,075
- Capital Work in Progress
- 11
- 42
- 1,004
- 930
- Cash & Bank
- 87
- 539
- Total Assets
- 3,688
- Total Debt
- 576
- Net Working Capital
- 431
- Contingent Liabilities
- 1
- Book Value per Share
- 90.63
- Face Value
- 10.00
- Total Debt
- 576
- Net Working Capital
- 431
- Contingent Liabilities
- 1
- Book Value per Share
- 90.63
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 178
- 1,567
- 521
- Trade Payables
- 1,548
- 387
- Total Liabilities
- 4,202
- 1,144
- Capital Work in Progress
- 61
- 59
- 822
- 1,477
- Cash & Bank
- 296
- 343
- Total Assets
- 4,202
- Total Debt
- 611
- Net Working Capital
- 727
- Contingent Liabilities
- 1
- Book Value per Share
- 98.03
- Face Value
- 10.00
- Total Debt
- 611
- Net Working Capital
- 727
- Contingent Liabilities
- 1
- Book Value per Share
- 98.03
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 193
- 2,662
- 286
- Trade Payables
- 1,959
- 668
- Total Liabilities
- 5,767
- 1,458
- Capital Work in Progress
- 68
- 547
- 1,062
- 1,841
- Cash & Bank
- 299
- 493
- Total Assets
- 5,767
- Total Debt
- 353
- Net Working Capital
- 1,709
- Contingent Liabilities
- 6
- Book Value per Share
- 148.21
- Face Value
- 10.00
- Total Debt
- 353
- Net Working Capital
- 1,709
- Contingent Liabilities
- 6
- Book Value per Share
- 148.21
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 71 | 24 | 15 | -70 | -109 | 176 | 290 | |
| Cash from Investing | -29 | -94 | -394 | -886 | -28 | -105 | -742 |
| Cash from Financing | -21 | 68 | 359 | 968 | 150 | -71 | 558 |
| 21 | -3 | -20 | 12 | 13 | 1 | 105 | |
| Free Cash Flow | 71 | 17 | -367 | -233 | -696 | -14 | -155 |
| OCF / Net Profit | 1.61 | 0.83 | 0.27 | -0.57 | -0.88 | 0.96 | 0.84 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -1,292 | -1,464 |
| OCF / Net Profit | 1.61 | 0.83 | 0.27 | -0.57 | -0.88 | 0.96 | 0.84 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -1,292 | -1,464 |
Mar 2020
- 71
- Cash from Investing
- -29
- Cash from Financing
- -21
- 21
- Free Cash Flow
- 71
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.61
- Cumulative 5-Year FCF
- 0
Mar 2021
- 24
- Cash from Investing
- -94
- Cash from Financing
- 68
- -3
- Free Cash Flow
- 17
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.83
- Cumulative 5-Year FCF
- 0
Mar 2022
- 15
- Cash from Investing
- -394
- Cash from Financing
- 359
- -20
- Free Cash Flow
- -367
- OCF / Net Profit
- 0.27
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.27
- Cumulative 5-Year FCF
- 0
Mar 2023
- -70
- Cash from Investing
- -886
- Cash from Financing
- 968
- 12
- Free Cash Flow
- -233
- OCF / Net Profit
- -0.57
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.57
- Cumulative 5-Year FCF
- 0
Mar 2024
- -109
- Cash from Investing
- -28
- Cash from Financing
- 150
- 13
- Free Cash Flow
- -696
- OCF / Net Profit
- -0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.88
- Cumulative 5-Year FCF
- 0
Mar 2025
- 176
- Cash from Investing
- -105
- Cash from Financing
- -71
- 1
- Free Cash Flow
- -14
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- -1,292
- OCF / Net Profit
- 0.96
- Cumulative 5-Year FCF
- -1,292
Mar 2026
- 290
- Cash from Investing
- -742
- Cash from Financing
- 558
- 105
- Free Cash Flow
- -155
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- -1,464
- OCF / Net Profit
- 0.84
- Cumulative 5-Year FCF
- -1,464
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - |
| EPS (₹) | 625.07 | 428.03 | 4.04 | 6.75 | 6.05 | 9.54 | 16.50 |
| Book Value (₹) | 1448.79 | 3229.61 | 41.31 | 87.13 | 90.63 | 98.03 | 148.21 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 1.50 | 1.50 | 1.50 | 1.50 |
| Cash EPS (₹) | 7.56 | 5.39 | 5.35 | 8.73 | 9.91 | 14.58 | 22.32 |
| PROFITABILITY | - | - | - | - | - | - | - |
| Operating Margin % | 19.43% | 12.41% | 10.68% | 11.50% | 6.41% | 8.54% | 11.30% |
| Net Margin % | 11.05% | 6.53% | 5.31% | 6.01% | 3.94% | 4.87% | 7.18% |
| ROE % | 43.14% | 16.67% | 13.37% | 11.68% | 7.90% | 11.00% | 15.03% |
| ROCE % | 33.35% | 17.52% | 16.82% | 15.41% | 10.19% | 12.99% | 17.70% |
| 12.06% | 6.72% | 6.24% | 6.29% | 3.91% | 4.68% | 6.94% | |
| EFFICIENCY | - | - | - | - | - | - | - |
| Debtor Days | 107 | 102 | 72 | 60 | 77 | 116 | 126 |
| Inventory Days | 63 | 60 | 66 | 78 | 92 | 88 | 71 |
| Payable Days | 172 | 143 | 90 | 86 | 125 | 173 | 178 |
| -2 | 19 | 47 | 52 | 45 | 32 | 19 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.82x | 0.23x | 0.34x | 0.23x | 0.36x | 0.35x | 0.12x |
| Interest Coverage (x) | 6.43x | 7.05x | 10.42x | 7.95x | 5.03x | 5.06x | 10.23x |
| 1.13x | 1.40x | 1.31x | 1.38x | 1.23x | 1.33x | 1.70x | |
| GROWTH | - | - | - | - | - | - | - |
| Revenue Growth % | 0.00% | 10.38% | 132.65% | 100.88% | 53.98% | 20.06% | 27.26% |
| Operating Profit Growth % | 0.00% | -29.48% | 100.16% | 116.36% | 10.58% | 43.04% | 56.23% |
| Net Profit Growth % | 0.00% | -34.79% | 89.20% | 127.39% | 1.00% | 48.34% | 87.48% |
| 0.00% | 0.00% | 0.00% | 0.00% | -10.38% | 57.72% | 72.91% | |
| VALUATION | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 76.85x | 48.17x | 46.89x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 5.13x | 4.69x | 5.22x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.32% | 0.33% | 0.19% |
| 0.00x | 0.00x | 0.00x | 0.00x | 33.53x | 22.80x | 25.68x |
Mar 2020
- EPS (₹)
- 625.07
- Book Value (₹)
- 1448.79
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.56
- Operating Margin %
- 19.43%
- Net Margin %
- 11.05%
- ROE %
- 43.14%
- ROCE %
- 33.35%
- 12.06%
- Debtor Days
- 107
- Inventory Days
- 63
- Payable Days
- 172
- -2
- Debt to Equity (x)
- 0.82x
- Interest Coverage (x)
- 6.43x
- 1.13x
- Revenue Growth %
- 0.00%
- Operating Profit Growth %
- 0.00%
- Net Profit Growth %
- 0.00%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 428.03
- Book Value (₹)
- 3229.61
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.39
- Operating Margin %
- 12.41%
- Net Margin %
- 6.53%
- ROE %
- 16.67%
- ROCE %
- 17.52%
- 6.72%
- Debtor Days
- 102
- Inventory Days
- 60
- Payable Days
- 143
- 19
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 7.05x
- 1.40x
- Revenue Growth %
- 10.38%
- Operating Profit Growth %
- -29.48%
- Net Profit Growth %
- -34.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 4.04
- Book Value (₹)
- 41.31
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.35
- Operating Margin %
- 10.68%
- Net Margin %
- 5.31%
- ROE %
- 13.37%
- ROCE %
- 16.82%
- 6.24%
- Debtor Days
- 72
- Inventory Days
- 66
- Payable Days
- 90
- 47
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 10.42x
- 1.31x
- Revenue Growth %
- 132.65%
- Operating Profit Growth %
- 100.16%
- Net Profit Growth %
- 89.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 6.75
- Book Value (₹)
- 87.13
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 8.73
- Operating Margin %
- 11.50%
- Net Margin %
- 6.01%
- ROE %
- 11.68%
- ROCE %
- 15.41%
- 6.29%
- Debtor Days
- 60
- Inventory Days
- 78
- Payable Days
- 86
- 52
- Debt to Equity (x)
- 0.23x
- Interest Coverage (x)
- 7.95x
- 1.38x
- Revenue Growth %
- 100.88%
- Operating Profit Growth %
- 116.36%
- Net Profit Growth %
- 127.39%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 6.05
- Book Value (₹)
- 90.63
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 9.91
- Operating Margin %
- 6.41%
- Net Margin %
- 3.94%
- ROE %
- 7.90%
- ROCE %
- 10.19%
- 3.91%
- Debtor Days
- 77
- Inventory Days
- 92
- Payable Days
- 125
- 45
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 5.03x
- 1.23x
- Revenue Growth %
- 53.98%
- Operating Profit Growth %
- 10.58%
- Net Profit Growth %
- 1.00%
- -10.38%
- P/E (x)
- 76.85x
- P/B (x)
- 5.13x
- Dividend Yield %
- 0.32%
- 33.53x
Mar 2025
- EPS (₹)
- 9.54
- Book Value (₹)
- 98.03
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 14.58
- Operating Margin %
- 8.54%
- Net Margin %
- 4.87%
- ROE %
- 11.00%
- ROCE %
- 12.99%
- 4.68%
- Debtor Days
- 116
- Inventory Days
- 88
- Payable Days
- 173
- 32
- Debt to Equity (x)
- 0.35x
- Interest Coverage (x)
- 5.06x
- 1.33x
- Revenue Growth %
- 20.06%
- Operating Profit Growth %
- 43.04%
- Net Profit Growth %
- 48.34%
- 57.72%
- P/E (x)
- 48.17x
- P/B (x)
- 4.69x
- Dividend Yield %
- 0.33%
- 22.80x
Mar 2026
- EPS (₹)
- 16.50
- Book Value (₹)
- 148.21
- Dividend per Share (₹)
- 1.50
- Cash EPS (₹)
- 22.32
- Operating Margin %
- 11.30%
- Net Margin %
- 7.18%
- ROE %
- 15.03%
- ROCE %
- 17.70%
- 6.94%
- Debtor Days
- 126
- Inventory Days
- 71
- Payable Days
- 178
- 19
- Debt to Equity (x)
- 0.12x
- Interest Coverage (x)
- 10.23x
- 1.70x
- Revenue Growth %
- 27.26%
- Operating Profit Growth %
- 56.23%
- Net Profit Growth %
- 87.48%
- 72.91%
- P/E (x)
- 46.89x
- P/B (x)
- 5.22x
- Dividend Yield %
- 0.19%
- 25.68x
Documents
Announcements
- General Updates
2026-08-18 - Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations ) - Incorporation of a Company ( Subsidiary Company ) jointly with Kaga Electronics India Private Limited ( Kaga )
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-14 - Syrma Sgs Technology Limited has informed the Exchange about Schedule of meet
Annual Reports
Credit Ratings
- Credit Rating
2026-05-05 - Syrma Sgs Technology Limited has informed the Exchange about Credit Rating
Concalls
Aug 2026
Jun 2026
May 2026