View ValuationSyrma SGS Technology 将来の成長Future 基準チェック /56Syrma SGS Technology利益と収益がそれぞれ年間22.6%と21.8%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に17.2% 22.4%なると予測されています。主要情報22.6%収益成長率22.41%EPS成長率Electronic 収益成長23.4%収益成長率21.8%将来の株主資本利益率17.21%アナリストカバレッジGood最終更新日15 May 2026今後の成長に関する最新情報Price Target Changed • May 13Price target increased by 10% to ₹1,059Up 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.Price Target Changed • Nov 12Price target increased by 10% to ₹834Up 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.Price Target Changed • Jul 26Price target increased by 14% to ₹715Up 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.Price Target Changed • Dec 04Price target increased by 7.8% to ₹526Up 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.Price Target Changed • May 15Price target decreased by 14% to ₹511Down 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.Price Target Changed • Mar 26Price target decreased by 7.4% to ₹618Down 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.すべての更新を表示Recent updatesPrice Target Changed • May 13Price target increased by 10% to ₹1,059Up 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 12Full year 2026 earnings: EPS exceeds analyst expectationsFull 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.お知らせ • May 04Syrma SGS Technology Limited to Report Q4, 2026 Results on May 11, 2026Syrma SGS Technology Limited announced that they will report Q4, 2026 results on May 11, 2026Valuation Update With 7 Day Price Move • Feb 05Investor 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 31Third 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.お知らせ • Jan 22Syrma SGS Technology Limited to Report Q3, 2026 Results on Jan 29, 2026Syrma SGS Technology Limited announced that they will report Q3, 2026 results on Jan 29, 2026Buy Or Sell Opportunity • Nov 15Now 20% overvalued after recent price riseOver 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.お知らせ • Nov 12Syrma 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 12Price target increased by 10% to ₹834Up 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 11Second 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.お知らせ • Nov 03Syrma SGS Technology Limited to Report Q2, 2026 Results on Nov 10, 2025Syrma SGS Technology Limited announced that they will report Q2, 2026 results on Nov 10, 2025Board Change • Oct 06Insufficient new directorsThere 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 05Dividend of ₹1.50 announcedDividend 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.お知らせ • Sep 04Syrma SGS Technology Limited announces Annual dividend, payable on October 26, 2025Syrma 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.お知らせ • Sep 02Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025, at 16:00 Indian Standard Time.お知らせ • Aug 13Syrma 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お知らせ • Aug 08Syrma 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 ListingPrice Target Changed • Jul 26Price target increased by 14% to ₹715Up 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 24First 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.お知らせ • Jul 18Syrma SGS Technology Limited to Report Q1, 2026 Results on Jul 23, 2025Syrma SGS Technology Limited announced that they will report Q1, 2026 results on Jul 23, 2025New Risk • Jul 03New minor risk - Share price stabilityThe 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 18Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 13Investor 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 15Investor 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 24Investor 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 20New major risk - Share price stabilityThe 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 31Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 27Investor 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.お知らせ • Jan 22Syrma SGS Technology Limited to Report Q3, 2025 Results on Jan 28, 2025Syrma SGS Technology Limited announced that they will report Q3, 2025 results on Jan 28, 2025Price Target Changed • Dec 04Price target increased by 7.8% to ₹526Up 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 27Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond 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.お知らせ • Oct 18Syrma SGS Technology Limited to Report Q2, 2025 Results on Oct 25, 2024Syrma SGS Technology Limited announced that they will report Q2, 2025 results on Oct 25, 2024Declared Dividend • Aug 26Dividend of ₹1.50 announcedDividend 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.お知らせ • Aug 06Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024, at 16:00 Indian Standard Time.Reported Earnings • Aug 06First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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.お知らせ • Jul 29Syrma SGS Technology Limited to Report Q1, 2025 Results on Aug 05, 2024Syrma SGS Technology Limited announced that they will report Q1, 2025 results on Aug 05, 2024New Risk • May 23New minor risk - Profit margin trendThe 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 17Investor 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 15Price target decreased by 14% to ₹511Down 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 11Full 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.お知らせ • May 11Syrma SGS Technology Limited Proposes Final DividendThe 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.お知らせ • May 05Syrma SGS Technology Limited to Report Q4, 2024 Results on May 10, 2024Syrma SGS Technology Limited announced that they will report Q4, 2024 results on May 10, 2024Price Target Changed • Mar 26Price target decreased by 7.4% to ₹618Down 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.お知らせ • Feb 06Syrma SGS Technology Limited Appoints Komal Malik as Company Secretary and Compliance OfficerSyrma 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.お知らせ • Feb 01Syrma SGS Technology Limited to Report Q3, 2024 Results on Feb 06, 2024Syrma SGS Technology Limited announced that they will report Q3, 2024 results on Feb 06, 2024Reported Earnings • Nov 03Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 03Investor 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.お知らせ • Oct 28Syrma SGS Technology Limited to Report Q2, 2024 Results on Nov 01, 2023Syrma SGS Technology Limited announced that they will report Q2, 2024 results on Nov 01, 2023お知らせ • Oct 24Syrma SGS Technology Limited Announces Resignation of Rahul N. Sinnarkar as the Company Secretary, Effective December 31, 2023Syrma 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.お知らせ • Sep 07Syrma 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.お知らせ • Aug 25Syrma SGS Technology Limited Appoints Satendra Singh as Chief Executive OfficerSyrma 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.お知らせ • Aug 23Syrma SGS Technology Limited Proposes Final Dividend for Financial Year 2022-23This 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.お知らせ • Aug 14Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023, at 11:00 Indian Standard Time.お知らせ • Aug 02Syrma 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 02First 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.お知らせ • Jul 26Syrma SGS Technology Limited to Report Q1, 2024 Results on Aug 01, 2023Syrma SGS Technology Limited announced that they will report Q1, 2024 results on Aug 01, 2023Valuation Update With 7 Day Price Move • Jun 15Investor 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 25Investor 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.お知らせ • May 19Syrma SGS Technology Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023Syrma 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 19Full 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.お知らせ • May 13Syrma SGS Technology Limited to Report Q4, 2023 Results on May 18, 2023Syrma SGS Technology Limited announced that they will report Q4, 2023 results on May 18, 2023Reported Earnings • Feb 12Third quarter 2023 earnings releasedThird 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.お知らせ • Feb 02Syrma SGS Technology Limited to Report Q3, 2023 Results on Feb 08, 2023Syrma SGS Technology Limited announced that they will report Q3, 2023 results on Feb 08, 2023お知らせ • Jan 11Syrma Sgs Technology Limited Announces Board ChangesSyrma 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 18Second quarter 2023 earnings releasedSecond 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 16High number of new and inexperienced directorsThere 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 20High number of new and inexperienced directorsThere 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.業績と収益の成長予測BSE:543573 - アナリストの将来予測と過去の財務データ ( )INR Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029104,3837,0401,5144,73073/31/202882,7665,396743,439163/31/202763,9924,030-2,3212,440153/31/202648,1913,1789782,896N/A12/31/202542,7842,821N/AN/AN/A9/30/202538,8392,281-2,965-1,479N/A6/30/202535,7072,003N/AN/AN/A3/31/202537,8671,699-6871,765N/A12/31/202439,9591,393N/AN/AN/A9/30/202438,3341,060-2,440991N/A6/30/202437,124981N/AN/AN/A3/31/202431,5411,073-4,468-1,091N/A12/31/202326,9931,147N/AN/AN/A9/30/202325,0521,324-2,701-929N/A6/30/202322,6041,323N/AN/AN/A3/31/202320,4841,193-1,887-703N/A12/31/202217,401934N/AN/AN/A9/30/202215,292799-894-52N/A6/30/202212,759645N/AN/AN/A3/31/202210,197555-696145N/A3/31/20214,383320182239N/A3/31/20193,540210N/A100N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 543573の予測収益成長率 (年間22.6% ) は 貯蓄率 ( 6.9% ) を上回っています。収益対市場: 543573の収益 ( 22.6% ) はIndian市場 ( 16.3% ) よりも速いペースで成長すると予測されています。高成長収益: 543573の収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: 543573の収益 ( 21.8% ) Indian市場 ( 10.8% ) よりも速いペースで成長すると予測されています。高い収益成長: 543573の収益 ( 21.8% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 543573の 自己資本利益率 は、3年後には低くなると予測されています ( 17.2 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/23 20:38終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Syrma SGS Technology Limited 16 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。35 アナリスト機関null nullAntique Stockbroking Ltd.Vijayaraghavan SwaminathanAvendus SparkRavi SwaminathanAvendus Spark32 その他のアナリストを表示
Price Target Changed • May 13Price target increased by 10% to ₹1,059Up 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.
Price Target Changed • Nov 12Price target increased by 10% to ₹834Up 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.
Price Target Changed • Jul 26Price target increased by 14% to ₹715Up 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.
Price Target Changed • Dec 04Price target increased by 7.8% to ₹526Up 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.
Price Target Changed • May 15Price target decreased by 14% to ₹511Down 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.
Price Target Changed • Mar 26Price target decreased by 7.4% to ₹618Down 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.
Price Target Changed • May 13Price target increased by 10% to ₹1,059Up 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 12Full year 2026 earnings: EPS exceeds analyst expectationsFull 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.
お知らせ • May 04Syrma SGS Technology Limited to Report Q4, 2026 Results on May 11, 2026Syrma SGS Technology Limited announced that they will report Q4, 2026 results on May 11, 2026
Valuation Update With 7 Day Price Move • Feb 05Investor 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 31Third 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.
お知らせ • Jan 22Syrma SGS Technology Limited to Report Q3, 2026 Results on Jan 29, 2026Syrma SGS Technology Limited announced that they will report Q3, 2026 results on Jan 29, 2026
Buy Or Sell Opportunity • Nov 15Now 20% overvalued after recent price riseOver 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.
お知らせ • Nov 12Syrma 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 12Price target increased by 10% to ₹834Up 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 11Second 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.
お知らせ • Nov 03Syrma SGS Technology Limited to Report Q2, 2026 Results on Nov 10, 2025Syrma SGS Technology Limited announced that they will report Q2, 2026 results on Nov 10, 2025
Board Change • Oct 06Insufficient new directorsThere 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 05Dividend of ₹1.50 announcedDividend 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.
お知らせ • Sep 04Syrma SGS Technology Limited announces Annual dividend, payable on October 26, 2025Syrma 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.
お知らせ • Sep 02Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025Syrma SGS Technology Limited, Annual General Meeting, Sep 26, 2025, at 16:00 Indian Standard Time.
お知らせ • Aug 13Syrma 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
お知らせ • Aug 08Syrma 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 26Price target increased by 14% to ₹715Up 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 24First 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.
お知らせ • Jul 18Syrma SGS Technology Limited to Report Q1, 2026 Results on Jul 23, 2025Syrma SGS Technology Limited announced that they will report Q1, 2026 results on Jul 23, 2025
New Risk • Jul 03New minor risk - Share price stabilityThe 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 18Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull 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 13Investor 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 15Investor 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 24Investor 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 20New major risk - Share price stabilityThe 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 31Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird 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 27Investor 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.
お知らせ • Jan 22Syrma SGS Technology Limited to Report Q3, 2025 Results on Jan 28, 2025Syrma SGS Technology Limited announced that they will report Q3, 2025 results on Jan 28, 2025
Price Target Changed • Dec 04Price target increased by 7.8% to ₹526Up 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 27Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond 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.
お知らせ • Oct 18Syrma SGS Technology Limited to Report Q2, 2025 Results on Oct 25, 2024Syrma SGS Technology Limited announced that they will report Q2, 2025 results on Oct 25, 2024
Declared Dividend • Aug 26Dividend of ₹1.50 announcedDividend 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.
お知らせ • Aug 06Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024Syrma SGS Technology Limited, Annual General Meeting, Sep 17, 2024, at 16:00 Indian Standard Time.
Reported Earnings • Aug 06First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst 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.
お知らせ • Jul 29Syrma SGS Technology Limited to Report Q1, 2025 Results on Aug 05, 2024Syrma SGS Technology Limited announced that they will report Q1, 2025 results on Aug 05, 2024
New Risk • May 23New minor risk - Profit margin trendThe 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 17Investor 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 15Price target decreased by 14% to ₹511Down 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 11Full 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.
お知らせ • May 11Syrma SGS Technology Limited Proposes Final DividendThe 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.
お知らせ • May 05Syrma SGS Technology Limited to Report Q4, 2024 Results on May 10, 2024Syrma SGS Technology Limited announced that they will report Q4, 2024 results on May 10, 2024
Price Target Changed • Mar 26Price target decreased by 7.4% to ₹618Down 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.
お知らせ • Feb 06Syrma SGS Technology Limited Appoints Komal Malik as Company Secretary and Compliance OfficerSyrma 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.
お知らせ • Feb 01Syrma SGS Technology Limited to Report Q3, 2024 Results on Feb 06, 2024Syrma SGS Technology Limited announced that they will report Q3, 2024 results on Feb 06, 2024
Reported Earnings • Nov 03Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindSecond 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 03Investor 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.
お知らせ • Oct 28Syrma SGS Technology Limited to Report Q2, 2024 Results on Nov 01, 2023Syrma SGS Technology Limited announced that they will report Q2, 2024 results on Nov 01, 2023
お知らせ • Oct 24Syrma SGS Technology Limited Announces Resignation of Rahul N. Sinnarkar as the Company Secretary, Effective December 31, 2023Syrma 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.
お知らせ • Sep 07Syrma 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.
お知らせ • Aug 25Syrma SGS Technology Limited Appoints Satendra Singh as Chief Executive OfficerSyrma 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.
お知らせ • Aug 23Syrma SGS Technology Limited Proposes Final Dividend for Financial Year 2022-23This 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.
お知らせ • Aug 14Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023Syrma SGS Technology Limited, Annual General Meeting, Sep 08, 2023, at 11:00 Indian Standard Time.
お知らせ • Aug 02Syrma 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 02First 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.
お知らせ • Jul 26Syrma SGS Technology Limited to Report Q1, 2024 Results on Aug 01, 2023Syrma SGS Technology Limited announced that they will report Q1, 2024 results on Aug 01, 2023
Valuation Update With 7 Day Price Move • Jun 15Investor 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 25Investor 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.
お知らせ • May 19Syrma SGS Technology Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023Syrma 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 19Full 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.
お知らせ • May 13Syrma SGS Technology Limited to Report Q4, 2023 Results on May 18, 2023Syrma SGS Technology Limited announced that they will report Q4, 2023 results on May 18, 2023
Reported Earnings • Feb 12Third quarter 2023 earnings releasedThird 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.
お知らせ • Feb 02Syrma SGS Technology Limited to Report Q3, 2023 Results on Feb 08, 2023Syrma SGS Technology Limited announced that they will report Q3, 2023 results on Feb 08, 2023
お知らせ • Jan 11Syrma Sgs Technology Limited Announces Board ChangesSyrma 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 18Second quarter 2023 earnings releasedSecond 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 16High number of new and inexperienced directorsThere 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 20High number of new and inexperienced directorsThere 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.