Syrma SGS Technology Limited

NSEI:SYRMA Stock Report

Market Cap: ₹75.8b

Syrma SGS Technology Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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.

Discounted Cash Flow
Simply Wall St
₹81.36
Fair Value
423.2% overvalued intrinsic discount
20
Number of Analysts

Below Fair Value: SYRMA (₹425.7) is trading above our estimate of fair value (₹81.36)

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 Ratio54.5x
Earnings₹1.39b
Market Cap₹75.84b

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 Average113.3x
533581 PG Electroplast
110.4x39.0%₹234.1b
CYIENTDLM Cyient DLM
57.1x48.5%₹34.1b
KAYNES Kaynes Technology India
108x28.9%₹279.2b
WEL Wonder Electricals
177.9xn/a₹24.8b
SYRMA Syrma SGS Technology
54.5x28.4%₹75.8b

Price-To-Earnings vs Peers: SYRMA is good value based on its Price-To-Earnings Ratio (54.5x) compared to the peer average (113.3x).

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 54.5xIndustry Avg. 42.3xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SYRMA is expensive based on its Price-To-Earnings Ratio (54.5x) compared to the Indian Electronic industry average (42.3x).

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 Ratio54.5x
Fair PE Ratio49.4x

Price-To-Earnings vs Fair Ratio: SYRMA is expensive based on its Price-To-Earnings Ratio (54.5x) compared to the estimated Fair Price-To-Earnings Ratio (49.4x).

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₹425.70
₹586.05
+37.7%
14.4%₹740.00₹452.00n/a20
Feb ’26₹532.25
₹585.32
+10.0%
16.7%₹740.00₹322.00n/a19
Jan ’26₹625.00
₹531.42
-15.0%
15.1%₹680.00₹322.00n/a19
Dec ’25₹566.15
₹521.83
-7.8%
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₹525.00₹532.2513
Jan ’25₹659.55
₹658.46
-0.2%
10.5%₹766.00₹525.00₹625.0013
Dec ’24₹567.65
₹636.77
+12.2%
8.9%₹711.00₹525.00₹566.1513
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
Analyst Price Target
Consensus Narrative from 20 Analysts
₹586.05
Fair Value
27.4% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 00:45
End of Day Share Price 2025/02/21 00:00
Earnings2024/12/31
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Syrma SGS Technology Limited is covered by 40 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vijayaraghavan SwaminathanAvendus Spark
Ravi SwaminathanAvendus Spark
null nullAxis Capital Limited