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    Syrma SGS Technology Limited

    EMS manufacturer of PCB assemblies, box-builds and RFID tags for auto, industrial and healthcare OEMs.

    Capital Goods
    Industrials
    View SYRMA earnings calls
    ₹1,334
    +25.57% from avg

    Overview

    Price

    ₹1,334

    Market Cap

    ₹25.2k Cr

    Sector

    Capital Goods

    Industrials

    Rank

    1

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital55138177177178192193
    Reserves4185954341.4k1.4k1.6k2.6k2.7k
    Borrowings125103218375630665332400
    Other Liabilities2382583646281.4k1.8k2.1k2.5k
    Total Liabilities7869601.2k2.5k3.7k4.2k5.2k5.8k
    AssetsFixed Assets2962923785321.1k1.1k1.1k1.5k
    CWIP10412517667768
    Investments3013241844259144547
    Other Assets4595366941.9k2.6k2.9k3.8k3.7k
    Total Assets7869601.2k2.5k3.7k4.2k5.2k5.8k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating15637-13-70-109176290
    Cash from Investing-46-113-373-885-9-103-742
    Cash from Financing-5972382968150-71558
    SummaryCapital Expenditure
    Free Cash Flow10818-103-188-4464114
    FCF Margin

    Valuation

    Assumptions

    Current — SYRMA
    Price
    ₹1,334
    EPS (TTM)
    ₹16.70
    PE (TTM)
    79.9
    Profit growth
    41.0%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (61.2×) and current (79.9×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,334
    vs
    Fair value · 15% return
    ₹2,794
    109%Undervalued

    At 41% growth and a 61× exit, ₹1334 only delivers your return if you pay ₹2,794. The price is currently baking in 23% growth.

    EPS grows 41%/yr for 5 years, then fades to 6% over 2, exits at 61×.

    YearGrowthEPS (₹)
    FY2741.0%23.55
    FY2841.0%33.20
    FY2941.0%46.81
    FY3041.0%66.01
    FY3141.0%93.07
    FY3223.5% ·fade114.94
    FY336.0% ·fade121.84

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Syrma SGS Technology Limited

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