Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹1,222, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 48x in the Electronic industry in India. Total returns to shareholders of 220% over the past three years. Price Target Changed • May 13
Price target increased by 10% to ₹1,059 Up from ₹961, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of ₹1,036. Stock is up 97% over the past year. The company is forecast to post earnings per share of ₹21.77 for next year compared to ₹16.94 last year. Reported Earnings • May 12
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹16.94 (up from ₹9.55 in FY 2025). Revenue: ₹48.6b (up 28% from FY 2025). Net income: ₹3.18b (up 87% from FY 2025). Profit margin: 6.5% (up from 4.5% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 04
Syrma SGS Technology Limited to Report Q4, 2026 Results on May 11, 2026 Syrma SGS Technology Limited announced that they will report Q4, 2026 results on May 11, 2026 Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹861, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 41x in the Electronic industry in India. Total returns to shareholders of 227% over the past three years. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: ₹5.33 (vs ₹2.74 in 3Q 2025) Third quarter 2026 results: EPS: ₹5.33 (up from ₹2.74 in 3Q 2025). Revenue: ₹12.7b (up 47% from 3Q 2025). Net income: ₹1.03b (up 111% from 3Q 2025). Profit margin: 8.1% (up from 5.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jan 22
Syrma SGS Technology Limited to Report Q3, 2026 Results on Jan 29, 2026 Syrma SGS Technology Limited announced that they will report Q3, 2026 results on Jan 29, 2026 Buy Or Sell Opportunity • Nov 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to ₹894. The fair value is estimated to be ₹744, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Annuncio • Nov 12
Syrma SGS Technology Limited (NSEI:SYRMA) agreed to acquire an unknown minority stake in Elcome Integrated Systems Private Limited. Syrma SGS Technology Limited (NSEI:SYRMA) agreed to acquire an unknown minority stake in Elcome Integrated Systems Private Limited on November 10, 2025. The consideration to be paid in cash. Syrma will acquire 60% of the total paid-up share capital of Elcome for an aggregate consideration of INR 235 million, which will be invested by way of a mix of primary and secondary investment; and (b) Navicom by Elcome will be completed, on the date of completion of the of the first tranche of Elcome’s acquisition by the Company. Elcome will use the funds invested by the Company in Elcome in first tranche for the purposes of funding the acquisition of Navicom by Elcome. he First tranche is to be expected to be completed on or before 31 January 2026. In the event any of the conditions precedent are not fulfilled on or prior to the aforesaid date, such date is automatically extendable to March 15, 2026. The remaining three tranches are to be completed tentatively by December 31, 2028.
For the F.Y. 2024-25, Elcome Integrated Systems Private Limited reported total revenue of INR 1.55 billion.
The expected completion of the transaction is January 31, 2026. Price Target Changed • Nov 12
Price target increased by 10% to ₹834 Up from ₹758, the current price target is an average from 24 analysts. New target price is 6.5% below last closing price of ₹893. Stock is up 67% over the past year. The company is forecast to post earnings per share of ₹13.36 for next year compared to ₹9.55 last year. Reported Earnings • Nov 11
Second quarter 2026 earnings released: EPS: ₹3.44 (vs ₹2.04 in 2Q 2025) Second quarter 2026 results: EPS: ₹3.44 (up from ₹2.04 in 2Q 2025). Revenue: ₹11.5b (up 39% from 2Q 2025). Net income: ₹640.6m (up 77% from 2Q 2025). Profit margin: 5.5% (up from 4.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Nov 03
Syrma SGS Technology Limited to Report Q2, 2026 Results on Nov 10, 2025 Syrma SGS Technology Limited announced that they will report Q2, 2026 results on Nov 10, 2025 Board Change • Oct 06
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Non-Executive Non-Independent Director Sudeep Tandon was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Sep 05
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 19th September 2025 Payment date: 26th October 2025 Dividend yield will be 0.2%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has not increased over the past 2 years but payments have been stable during that time. EPS is expected to grow by 102% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Sep 04
Syrma SGS Technology Limited announces Annual dividend, payable on October 26, 2025 Syrma SGS Technology Limited announced Annual dividend of INR 1.5000 per share payable on October 26, 2025, ex-date on September 19, 2025 and record date on September 19, 2025. Annuncio • Sep 02
Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025 Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025, at 16:00 Indian Standard Time. Annuncio • Aug 13
Syrma SGS Technology Limited has completed a Follow-on Equity Offering in the amount of INR 10 billion. Syrma SGS Technology Limited has completed a Follow-on Equity Offering in the amount of INR 10 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 14,306,151
Price\Range: INR 699
Transaction Features: Regulation S; Subsequent Direct Listing Annuncio • Aug 08
Syrma SGS Technology Limited has filed a Follow-on Equity Offering. Syrma SGS Technology Limited has filed a Follow-on Equity Offering.
Security Name: Equity Shares
Security Type: Common Stock
Price(minimum): INR 735.61
Transaction Features: Regulation S; Subsequent Direct Listing Price Target Changed • Jul 26
Price target increased by 14% to ₹715 Up from ₹626, the current price target is an average from 22 analysts. New target price is approximately in line with last closing price of ₹728. Stock is up 53% over the past year. The company is forecast to post earnings per share of ₹13.14 for next year compared to ₹9.55 last year. Reported Earnings • Jul 24
First quarter 2026 earnings released: EPS: ₹2.79 (vs ₹1.09 in 1Q 2025) First quarter 2026 results: EPS: ₹2.79 (up from ₹1.09 in 1Q 2025). Revenue: ₹9.44b (down 19% from 1Q 2025). Net income: ₹497.4m (up 158% from 1Q 2025). Profit margin: 5.3% (up from 1.7% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in India. Annuncio • Jul 18
Syrma SGS Technology Limited to Report Q1, 2026 Results on Jul 23, 2025 Syrma SGS Technology Limited announced that they will report Q1, 2026 results on Jul 23, 2025 New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 18
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹9.55 (up from ₹6.06 in FY 2024). Revenue: ₹38.4b (up 22% from FY 2024). Net income: ₹1.70b (up 58% from FY 2024). Profit margin: 4.4% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates by 7.5%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in India. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₹565, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 46x in the Electronic industry in India. Total returns to shareholders of 42% over the past year. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹481, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 41x in the Electronic industry in India. Negligible returns to shareholders over past year. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹483, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 40x in the Electronic industry in India. Negligible returns to shareholders over past year. New Risk • Mar 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jan 31
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: ₹2.74 (up from ₹0.88 in 3Q 2024). Revenue: ₹8.69b (up 23% from 3Q 2024). Net income: ₹487.9m (up 214% from 3Q 2024). Profit margin: 5.6% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 11%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Electronic industry in India. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹444, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 46x in the Electronic industry in India. Total loss to shareholders of 26% over the past year. Annuncio • Jan 22
Syrma SGS Technology Limited to Report Q3, 2025 Results on Jan 28, 2025 Syrma SGS Technology Limited announced that they will report Q3, 2025 results on Jan 28, 2025 Price Target Changed • Dec 04
Price target increased by 7.8% to ₹526 Up from ₹488, the current price target is an average from 18 analysts. New target price is 7.2% below last closing price of ₹567. Stock is down 3.9% over the past year. The company is forecast to post earnings per share of ₹8.76 for next year compared to ₹6.06 last year. Reported Earnings • Oct 27
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: EPS: ₹2.04 (up from ₹1.60 in 2Q 2024). Revenue: ₹8.33b (up 17% from 2Q 2024). Net income: ₹362.4m (up 28% from 2Q 2024). Profit margin: 4.4% (up from 4.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 19%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in India. Annuncio • Oct 18
Syrma SGS Technology Limited to Report Q2, 2025 Results on Oct 25, 2024 Syrma SGS Technology Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Declared Dividend • Aug 26
Dividend of ₹1.50 announced Dividend of ₹1.50 is the same as last year. Ex-date: 10th September 2024 Payment date: 17th October 2024 Dividend yield will be 0.3%, which is lower than the industry average of 0.9%. Sustainability & Growth Dividend is covered by earnings (25% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 130% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Aug 06
Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024 Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024, at 16:00 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: ₹1.09 (down from ₹1.61 in 1Q 2024). Revenue: ₹11.6b (up 93% from 1Q 2024). Net income: ₹193.0m (down 32% from 1Q 2024). Profit margin: 1.7% (down from 4.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Electronic industry in India. Annuncio • Jul 29
Syrma SGS Technology Limited to Report Q1, 2025 Results on Aug 05, 2024 Syrma SGS Technology Limited announced that they will report Q1, 2025 results on Aug 05, 2024 New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.4% Last year net profit margin: 5.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.4% net profit margin). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹395, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 47x in the Electronic industry in India. Total returns to shareholders of 21% over the past year. Price Target Changed • May 15
Price target decreased by 14% to ₹511 Down from ₹593, the current price target is an average from 20 analysts. New target price is 28% above last closing price of ₹399. Stock is up 25% over the past year. The company is forecast to post earnings per share of ₹8.71 for next year compared to ₹6.06 last year. Reported Earnings • May 11
Full year 2024 earnings released: EPS: ₹6.06 (vs ₹7.36 in FY 2023) Full year 2024 results: EPS: ₹6.06 (down from ₹7.36 in FY 2023). Revenue: ₹32.0b (up 56% from FY 2023). Net income: ₹1.07b (down 10% from FY 2023). Profit margin: 3.4% (down from 5.8% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Annuncio • May 11
Syrma SGS Technology Limited Proposes Final Dividend The board of directors of Syrma SGS Technology Limited at its meeting held on May 10, 2024, proposed final dividend of INR 1.5/- per equity share of the face value of INR 10/- each for the approval of the shareholders of the Company in their upcoming Annual General Meeting. Annuncio • May 05
Syrma SGS Technology Limited to Report Q4, 2024 Results on May 10, 2024 Syrma SGS Technology Limited announced that they will report Q4, 2024 results on May 10, 2024 Price Target Changed • Mar 26
Price target decreased by 7.4% to ₹618 Down from ₹668, the current price target is an average from 16 analysts. New target price is 31% above last closing price of ₹473. Stock is up 84% over the past year. The company is forecast to post earnings per share of ₹7.32 for next year compared to ₹7.36 last year. Annuncio • Feb 06
Syrma SGS Technology Limited Appoints Komal Malik as Company Secretary and Compliance Officer Syrma SGS Technology Limited informed that the Board of Directors of the Company at its Meeting held i.e. February 06, 2024, based on the recommendation of Nomination and Remuneration Committee, considered and approved the appointment of Ms. Komal Malik (Membership No. F6430) as Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company, with immediate effect i.e February 06, 2024. Ms. Komal Malik is a qualified Company Secretary, Fellow Member of Institute of Company Secretaries of India (ICSI) and Lawyer. Ms. Komal Malik has more than 20 years of experience in Corporate Secretarial, Contract Management, Legal Compliance, Mergers & Acquisitions, Private Placement etc. She has worked with renowned Companies including New Delhi Television Limited, Escorts Heart and Super Speciality Hospital Limited, Radiant Life Care Private Limited and Sandhar Technologies Limited. Annuncio • Feb 01
Syrma SGS Technology Limited to Report Q3, 2024 Results on Feb 06, 2024 Syrma SGS Technology Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 03
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: ₹1.60. Revenue: ₹7.12b (up 52% from 2Q 2023). Net income: ₹283.5m (flat on 2Q 2023). Profit margin: 4.0% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Electronic industry in India. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹510, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 41x in the Electronic industry in India. Total returns to shareholders of 79% over the past year. Annuncio • Oct 28
Syrma SGS Technology Limited to Report Q2, 2024 Results on Nov 01, 2023 Syrma SGS Technology Limited announced that they will report Q2, 2024 results on Nov 01, 2023 Annuncio • Oct 24
Syrma SGS Technology Limited Announces Resignation of Rahul N. Sinnarkar as the Company Secretary, Effective December 31, 2023 Syrma SGS Technology Limited informed that Mr. Rahul N. Sinnarkar has on October 23, 2023 conveyed his decision to resign and submitted his resignation as the Company Secretary & Compliance Officer of the company. Mr. Rahul will continue to discharge his duties as the Company Secretary & Compliance Officer of the Company, until the close of business hours on December 31, 2023, to facilitate smooth transition. The management of the Company has accepted his decision to resign from the services of the Company. Kindly note that the said resignation will be taken on record at the ensuing meeting of the Board of Directors of the Company. Annuncio • Sep 07
Syrma SGS Technology Limited (NSEI:SYRMA) completed the acquisition of 51% stake in Johari Digital Healthcare Ltd. from Satyendra Johari, Nisha Johari, Pooja Johari, Reena Daga, Tejas Shah, Sasa Simic and Satyendra Johari HUF. Syrma SGS Technology Limited (NSEI:SYRMA) entered into agreement to acquire 51% stake in Johari Digital Healthcare Ltd. from Satyendra Johari, Nisha Johari, Pooja Johari, Reena Daga, Tejas Shah, Sasa Simic and Satyendra Johari HUF for INR 2.6 billion on August 1, 2023. Under the terms of agreement, Syrma SGS will pay INR 2,575 million as consideration including deferred payment of INR 280 million. The sellers will retain the remaining 49% stake. Johari Digital reported turnover of approximately INR 1.6 billion, net worth of approximately INR 1 billion, EBITDA of 580 million and net profit of approximately INR 435 million on March 31, 2023. Syrma and the Sellers have the right to nominate up to 3 directors and up to 3 directors respectively. The transaction is expected to close on September 30, 2023.Syrma SGS Technology Limited (NSEI:SYRMA) completed the acquisition of 51% stake in Johari Digital Healthcare Ltd. from Satyendra Johari, Nisha Johari, Pooja Johari, Reena Daga, Tejas Shah, Sasa Simic and Satyendra Johari HUF on September 5, 2023. Annuncio • Aug 25
Syrma SGS Technology Limited Appoints Satendra Singh as Chief Executive Officer Syrma SGS Technology Limited informed that the Board of Directors of the Company have considered and approved August 24, 2023, appointment of Mr. Satendra Singh as Chief Executive Officer (CEO) of the Company with immediate effect. Mr. Satendra Singh is appointed as Chief Executive Officer (CEO) effective August 24, 2023. This is an important addition to Company's management team and in line with the strategic plans that the Company had envisaged. Mr. Satendra has over three decades of experience in operations, strategic planning, global supply chain, and manufacturing. Before joining us, he was associated with Nokia, Helsinki, where he was heading global Hardware Service Delivery. At Nokia, in earlier assignments, Mr. Satendra provided leadership to global supply network strategy, supply chain, operations, and business development. He was also instrumental in setting up manufacturing operations in India. He was earlier associated with Flex International (`Flex') as Director Operations and has garnered deep knowledge of Indian and global industry during his stint there. Mr. Satendra holds a master's degree in MS Manufacturing Management from BITS Pilani, and has completed advanced management program from IIM Bangalore, and Transformational Leadership executive program from Harvard Business School, Exec. Education. Annuncio • Aug 23
Syrma SGS Technology Limited Proposes Final Dividend for Financial Year 2022-23 This is further to letter dated May 18, 2023, wherein it was informed that the Board of Directors of Syrma SGS Technology Limited have inter-alia recommended final dividend of INR 1.5/- per equity share (face value of INR 10/- per equity share) for Fiscal Year 2022-23, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 as amended from time to time, the Register of Members and Share Transfer Books of the Company will remain closed from September 02, 2023 to September 08, 2023 (both days inclusive) and the Company has fixed September 01, 2023 as the "Record Date" for taking record of the Members of the Company for the purpose of payment of dividend subject to tax deducted at source, if approved by the Members at the Annual General Meeting of the Company to be held on September 08, 2023. Annuncio • Aug 14
Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023 Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023, at 11:00 Indian Standard Time. Annuncio • Aug 02
Syrma SGS Technology Limited (NSEI:SYRMA) entered into agreement to acquire 51% stake in Johari Digital Healthcare Ltd. from Satyendra Johari, Nisha Johari, Pooja Johari, Reena Daga, Tejas Shah, Sasa Simic and Satyendra Johari HUF for INR 280 million. Syrma SGS Technology Limited (NSEI:SYRMA) entered into agreement to acquire 51% stake in Johari Digital Healthcare Ltd. from Satyendra Johari, Nisha Johari, Pooja Johari, Reena Daga, Tejas Shah, Sasa Simic and Satyendra Johari HUF for INR 280 million on August 1, 2023. The sellers will retain the remaining 49% stake. Johari Digital reported turnover of approximately INR 1.6 billion, net worth of approximately INR 1 billion, EBITDA of 580 million and net profit of approximately INR 435 million on March 31, 2023. Syrma and the Sellers have the right to nominate up to 3 directors and up to 3 directors respectively. The transaction is expected to close on September 30, 2023. Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: ₹1.61 (vs ₹1.56 in 1Q 2023) First quarter 2024 results: EPS: ₹1.61 (up from ₹1.56 in 1Q 2023). Revenue: ₹6.18b (up 44% from 1Q 2023). Net income: ₹285.2m (up 30% from 1Q 2023). Profit margin: 4.6% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Electronic industry in India. Annuncio • Jul 26
Syrma SGS Technology Limited to Report Q1, 2024 Results on Aug 01, 2023 Syrma SGS Technology Limited announced that they will report Q1, 2024 results on Aug 01, 2023 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹451, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 32x in the Electronic industry in India. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹367, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 30x in the Electronic industry in India. Annuncio • May 19
Syrma SGS Technology Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 Syrma SGS Technology Limited announced that at its Board Meeting held on May 18, 2023, recommended payment of final dividend of INR 1.5 per equity share of the face value of INR 10 each for the approval of the shareholders of the company in their upcoming annual general meeting. Reported Earnings • May 19
Full year 2023 earnings released: EPS: ₹7.59 (vs ₹4.88 in FY 2022) Full year 2023 results: EPS: ₹7.59 (up from ₹4.88 in FY 2022). Revenue: ₹20.9b (up 105% from FY 2022). Net income: ₹1.19b (up 115% from FY 2022). Profit margin: 5.7% (up from 5.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Electronic industry in India. Annuncio • May 13
Syrma SGS Technology Limited to Report Q4, 2023 Results on May 18, 2023 Syrma SGS Technology Limited announced that they will report Q4, 2023 results on May 18, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: EPS: ₹1.94. Net income: ₹331.9m (up ₹331.9m from 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Asia. Annuncio • Feb 02
Syrma SGS Technology Limited to Report Q3, 2023 Results on Feb 08, 2023 Syrma SGS Technology Limited announced that they will report Q3, 2023 results on Feb 08, 2023 Annuncio • Jan 11
Syrma Sgs Technology Limited Announces Board Changes Syrma SGS Technology Limited informed that Mr. Sudeep Tandon (DIN: 02214657) is appointed as an Alternate Director to Mr. Jaideep Tandon vide Circular resolution passed by Board of Directors of the company on January 09, 2023, with immediate effect. Date of appointment: January 10, 2023. Term of appointment: Mr. Sudeep Tandon is appointed on Board as an alternate director to Mr. Jaideep Tandon who shall hold the office up to the tenure of Mr. Jaideep Tandon or till the time he returns to India, whichever is earlier. He holds a Master's in Business Administration from Massachusetts Institute of Technology's Sloan School of Management, a Masters in Electrical Engineering from the University of Southern California, and a Bachelors in Science in Computer Engineering and Computer Science from the University of Southern California. Sudeep Tandon is a director at Tandon Group, a technology catalystthat has fostered multiple successful technology companies since 1975, providing resources to up-and-coming startups. Reported Earnings • Nov 18
Second quarter 2023 earnings released Second quarter 2023 results: EPS: ₹1.88. Net income: ₹282.3m (up ₹282.3m from 2Q 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Asia. Board Change • Nov 16
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Executive Chairman Sandeep Tandon is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 20
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. No experienced directors. 1 highly experienced director. Executive Chairman Sandeep Tandon is the most experienced director on the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.