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On 6 Nov 2026, Syrma SGS Technology was priced at ₹1,459.30, or 66.7× trailing earnings, against an industry P/E of 63.0×, and the shares are 20% below their 52-week high. It earns ROCE of 15% and ROE of 15%, and sales and net profit grew 33% and 39% a year over 3 years. Its dividend yield is 0.1%, and debt is 0.24× equity. It is a small-cap company with a market cap of ₹28,110 Cr, the largest of 20 Electronic Components companies by market cap; the shares rose 93% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,471.00
Day high
₹1,482.70
Day low
₹1,404.10
Prev. close
₹1,515.00
Volume
31.9 L

Health check

3 good · 3 fair
  • ReturnsAhead

    +93.2% over a year, better than 6 of 7 peers.

  • Price tagIn line

    P/E 66.7 vs industry 63.0.

  • GrowthSteady

    Sales +32.8%, profit +38.6% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.7% vs peer median 14.3%.

  • Balance sheetSolid

    Debt 0.24× equity, interest covered 11.2×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Electronic Components

19 listed peers. Screen the industry

Small cap

₹28,110 Cr, the largest of 20 in its industry.

Defensive

Beta 0.25 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹6,307 Cr · profit ₹421 Cr
Market cap
₹28,110 Cr
Small cap
P/E
66.7
Industry 63.0
Price to book
9.26
Peers 5.04
Dividend yield
0.10%
ROE
14.9%
Peers 9.6%
ROCE
14.7%
Peers 14.3%
Debt to equity
0.24
Debt ₹807 Cr
EPS (TTM)
₹21.88
Face value ₹10
OPM (TTM)
10.9%
Net margin 6.7%
Sales growth
+73.1%
Latest quarter vs a year ago
Profit growth
+83.0%
Latest quarter vs a year ago
Price to sales
4.46
EV/EBITDA 40.1

Strengths and risks

Strengths

  • Quarterly profit up 83.0% on a year ago.
  • Quarterly sales up 73.1% on a year ago.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Syrma SGS Technology

Syrma SGS Technology Limited operates as an electronics system design and manufacturing company in India, the United States, Germany, and internationally. The company offers electronic manufacturing services, such as PCBAs for industries and end applications; assemblies, including PCBAs, enclosures, wire harnesses, testing, and custom packing; EOL and functional testers based on customer specifications; cables with cutting, stripping, tinning, crimping,…

Headquarters
Chennai
Employees
1,552
Sector
Technology
ISIN
INE0DYJ01015
Website
syrmasgs.com

Price range

52 weeks

₹634.50₹1,822.60

Today

₹1,404.10₹1,482.70
Avg volume (3M)
18.9 L
1-year return
plus 93.2%
From 52-week high
minus 19.9%

Analyst consensus

25 analysts
BuyMean target ₹1,783.36 plus 22.2%

Target range, with today’s price

Low ₹1,300.00High ₹2,156.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Electronic Components

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
SYRMASyrma SGS Technology1,459.30minus 3.68%28,11066.747.614.7%10.9%0.2432.8%plus 93.2%
KAYNESKaynes Technology India3,233.00minus 1.81%21,73363.037.512.0%15.6%0.1947.7%minus 50.6%
PGELPG Electroplast546.15minus 0.55%15,66172.537.08.7%7.3%0.2533.8%minus 3.4%
AVALONAvalon Technologies1,893.60minus 9.83%12,66895.072.821.7%11.4%0.3019.3%plus 82.6%
KRNKRN Heat Exchanger and Refrigeration939.80minus 4.99%6,15251.9––13.0%0.16–plus 24.9%
CENTUMCentum Electronics4,069.20minus 0.88%6,007374.441.537.9%10.5%0.382.4%plus 67.0%
MODINSUModern Insulators457.10minus 2.34%2,15522.920.216.7%14.8%0.1318.5%plus 213.5%
IKIOIKIO Technologies196.69plus 13.11%1,52031.919.48.9%13.7%0.1118.4%minus 16.5%
Median of 7 peers–−1.81%6,15263.037.314.3%13.0%0.1918.9%24.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,1461,2641,4651,5891,984
1,0311,1051,2911,4271,790
115159174162193
10.1%12.6%11.9%10.2%9.7%
8.710.311.815.19.9
12.67.71313.315.3
21.820.321.422.522.7
–−3.4−1.2––
89.5138150141165
25.9%20.3%20.7%24.9%24.8%
64.1103101100117
3.435.335.285.196.08

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+32.8%
Profit CAGR 3Y
+38.6%
EPS CAGR 3Y
+35.8%
ROE
14.9%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,0103,1303,7164,705
–+55.7%+18.7%+26.6%
1,8162,9273,3924,122
194203324582
9.6%6.5%8.7%12.4%
35.350.319.1−12.4
20.537.354.143.5
31.251.575.184.1
1.6223.13
179166237445
31.1%25.3%22.2%22.4%
119107170318
–minus 10.1%+58.3%+87.1%
6.756.029.5216.92

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
177177178193
1,3641,4351,5722,670
375630665400
6281,4471,7902,508
2,5433,6894,2055,770
4337598651,069
21.922.162.182.2
66.410.639.8
125114342803
1,9582,7882,9253,776
2,5433,6894,2055,770

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−70.3−109176290
−886−28.3−105−742
968150−70.7558
1212.90.6105
−118−338−245−192
−189−447−68.797.8
–−26.5−26.6−28.9

Shareholding pattern

Source: NSE filings
41.6%
promoters
  • Promoters41.63%
  • Public58.26%
  • Employee trusts0.11%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202641.63%58.26%minus 0.65
30 Jun 202642.28%57.60%0.00
31 Mar 202642.28%57.61%minus 0.44
31 Dec 202542.72%57.15%minus 0.25
30 Sep 202542.97%56.95%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you