Syrma SGS Technology Limited

NSEI:SYRMA Stock Report

Market Cap: ₹99.7b

Syrma SGS Technology Valuation

Is SYRMA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SYRMA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SYRMA (₹535.45) is trading above our estimate of fair value (₹175.95)

Significantly Below Fair Value: SYRMA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SYRMA?

Key metric: As SYRMA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SYRMA. This is calculated by dividing SYRMA's market cap by their current earnings.
What is SYRMA's PE Ratio?
PE Ratio90x
Earnings₹1.06b
Market Cap₹99.66b

Price to Earnings Ratio vs Peers

How does SYRMA's PE Ratio compare to its peers?

The above table shows the PE ratio for SYRMA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average98.1x
533581 PG Electroplast
93.2x27.1%₹176.8b
CYIENTDLM Cyient DLM
73.5x47.1%₹50.5b
KAYNES Kaynes Technology India
156.5x32.5%₹369.2b
SAHASRA Sahasra Electronic Solutions
69.2xn/a₹21.3b
SYRMA Syrma SGS Technology
90x34.8%₹99.7b

Price-To-Earnings vs Peers: SYRMA is good value based on its Price-To-Earnings Ratio (90x) compared to the peer average (98.1x).

Price to Earnings Ratio vs Industry

How does SYRMA's PE Ratio compare vs other companies in the IN Electronic Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
SYRMA 90.0xIndustry Avg. 58.7xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SYRMA is expensive based on its Price-To-Earnings Ratio (90x) compared to the Indian Electronic industry average (58.7x).

Price to Earnings Ratio vs Fair Ratio

What is SYRMA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SYRMA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio90x
Fair PE Ratio59.8x

Price-To-Earnings vs Fair Ratio: SYRMA is expensive based on its Price-To-Earnings Ratio (90x) compared to the estimated Fair Price-To-Earnings Ratio (59.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SYRMA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹535.45
₹521.83
-2.5%
15.0%₹680.00₹322.00n/a18
Nov ’25₹509.00
₹519.11
+2.0%
14.9%₹680.00₹322.00n/a19
Oct ’25₹428.45
₹482.47
+12.6%
14.8%₹630.00₹309.00n/a19
Sep ’25₹438.35
₹482.47
+10.1%
14.8%₹630.00₹309.00n/a19
Aug ’25₹500.80
₹497.15
-0.7%
14.4%₹601.00₹350.00n/a20
Jul ’25₹491.20
₹492.75
+0.3%
16.1%₹675.00₹350.00n/a20
Jun ’25₹480.05
₹490.85
+2.2%
16.3%₹675.00₹350.00n/a20
May ’25₹487.80
₹593.05
+21.6%
12.8%₹720.00₹400.00n/a20
Apr ’25₹488.35
₹606.22
+24.1%
11.8%₹720.00₹400.00n/a18
Mar ’25₹536.15
₹618.36
+15.3%
8.9%₹720.00₹550.00n/a14
Feb ’25₹584.65
₹667.85
+14.2%
10.7%₹766.00₹525.00n/a13
Jan ’25₹659.55
₹658.46
-0.2%
10.5%₹766.00₹525.00n/a13
Dec ’24₹567.65
₹636.77
+12.2%
8.9%₹711.00₹525.00n/a13
Nov ’24₹597.65
₹661.85
+10.7%
12.3%₹775.00₹550.00₹509.0013
Oct ’24₹611.65
₹642.09
+5.0%
11.3%₹760.00₹550.00₹428.4511
Sep ’24₹535.50
₹614.11
+14.7%
11.7%₹760.00₹550.00₹438.359
Aug ’24₹499.00
₹489.43
-1.9%
18.5%₹619.00₹389.00₹500.807
Jul ’24₹447.90
₹438.67
-2.1%
16.9%₹598.00₹380.00₹491.206
Jun ’24₹384.60
₹406.80
+5.8%
5.5%₹440.00₹380.00₹480.055
May ’24₹295.15
₹360.25
+22.1%
7.8%₹400.00₹325.00₹487.804
Apr ’24₹262.55
₹357.00
+36.0%
8.8%₹400.00₹325.00₹488.353
Mar ’24₹275.40
₹357.00
+29.6%
8.8%₹400.00₹325.00₹536.153
Feb ’24₹258.00
₹362.00
+40.3%
5.5%₹390.00₹346.00₹584.653
Jan ’24₹280.85
₹362.00
+28.9%
5.5%₹390.00₹346.00₹659.553
Dec ’23₹284.70
₹348.00
+22.2%
0.6%₹350.00₹346.00₹567.652

Analyst Forecast: Target price is lower than the current share price.

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