Syrma SGS Technology Ltd

NSE: SYRMA · Industrial Products · sector

₹1,495.40NSE close 2026-10-26

Key numbers

Market cap₹28,803 cr

Price₹1,495.40

52w high / low₹1,823 / ₹634

P/E77.7xSector median 24.2x

P/B10.1xSector median 2.8x

Book value₹148.6

Dividend yield0.10%Sector median 0.50%

ROE17.4%Sector median 11.5%

ROCE17.6%Sector median 13.4%

OPM11.1%Sector median 10.3%

Debt / equity0.12xSector median 0.17x

EV/EBITDA46.8xSector median 16.7x

Interest cover12.1x

Current ratio1.70x

Sales growth 3y+33.0%Sector median +10.2%

Profit growth 3y+42.6%Sector median +12.8%

PEG2.52x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 152 companies in Industrial Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹808 cr vs borrowings ₹353 cr (FY26): cash is higher (net cash).
Operating profit covered interest 12.1x in the last 12 months.
Promoter holding fell by 1.34 percentage points in a year, to 41.63% (2026-09-30).
Operating cash flow was below net profit in 3 of the last 4 years (FY26, FY25, FY24).
Revenue was higher than a year earlier in 4 of the last 4 quarters.
Other income was 11% of net profit in the last 12 months.
Debtor days went from 108 (FY24) to 139 (FY26).
Dividend paid in 3 of the last 4 financial years.
Price ₹1,495.40 on 2026-10-26: -18.0% from the 52-week high, +135.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹1,719.90 · low ₹396.35

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	833	869	924	944	1,146	1,264	1,465	1,589
EBITDA	71	77	108	87	115	156	173	162
OPM %	8.5%	8.8%	11.6%	9.2%	10.1%	12.3%	11.8%	10.2%
Other income	10	22	22	16	9	10	12	15
Net profit	36	49	71	50	66	110	119	106
EPS (₹)	2.04	2.74	3.67	2.79	3.44	5.33	5.29	5.19
Revenue YoY					+37.6%	+45.4%	+58.5%	+68.3%
Profit YoY					+83.1%	+126.1%	+66.9%	+111.7%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY23	FY24	FY25	FY26	TTM
Revenue	2,048	3,154	3,787	4,819	5,464
EBITDA	1,592	197	321	540	606
Net profit	119	107	184	346	402
EPS (₹)	7.55	6.06	9.55	16.94	19.25
Revenue growth		+54.0%	+20.1%	+27.3%	+53.0%
Profit growth		-10.0%	+71.9%	+87.5%	+94.6%
Dividend / share (₹)	–	1.50	1.50	1.50

Compounded growth	3 years	5 years	Last 12 months
Sales	+33.0%	–	+53.0%
Net profit	+42.6%	–	+94.6%
EPS	+30.9%	–	–
Share price	–	+91.6% (2y)	+85.1%

Balance sheet

₹ cr	FY23	FY24	FY25	FY26
Shareholders' equity	1,540	1,613	1,750	2,862
Borrowings	347	576	611	353
Cash & equivalents	132	121	347	808
Total assets	2,541	3,689	4,205	5,770
Fixed assets	384	650	803	860
Capital work in progress	20	11	61	68
Investments	6	6	8	37
Receivables	403	930	1,477	1,841
Inventory	587	1,004	822	1,062
Payables	488	1,230	1,574	1,959

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY23	FY24	FY25	FY26
Cash from operations	1,334	-114	176	290
Cash from investing	-914	-28	-105	-742
Cash from financing	997	155	-71	558
Capex	118	338	245	192
Free cash flow	1,215	-451	-69	98

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY23	FY24	FY25	FY26
ROE %	7.7%	6.7%	10.5%	12.1%
ROCE %	85.0%	9.3%	12.5%	15.4%
Debtor days	72	108	142	139
Inventory days	1,571	146	102	108
Payable days	1,305	179	196	199
Cash conversion cycle (days)	338	75	48	48
Working capital days	70	50	70	129

Shareholding

Holder	% (2026-09-30)
Promoters	41.63%
FIIs	9.51%
DIIs	14.44%
of which Mutual funds	8.85%
of which Insurance	4.69%
Government	0.01%
Public (non-institutions)	34.30%

Quarter	Mar 2025	Jun 2025	Aug 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	46.52%	46.42%	42.97%	42.97%	42.72%	42.28%	42.28%	41.63%

Promoter group	%
Tancom Electronics Private Limited	32.77%
Jasbir Singh Gujral	6.31%
Modern Die Casting Llp	1.91%
Veena Kumari Tandon	0.43%
Manoharlal Tandon	0.21%
Sandeep Tandon	0.00%
Jaideep Tandon HUF	0.00%
M L Tandon & Sons HUF	0.00%
Sandeep Tandon HUF	0.00%
Sudeep Tandon HUF	0.00%
Gauri Tandon	0.00%
Sudeep Tandon	0.00%
Pawan Kumar Chopra	0.00%
Armaan Tandon	0.00%
Sukhbir Kaur Gujral	0.00%

Public holders above 1%	%
Krishna Kumar Pant	6.21%
Ranjeet Singh Lonial	6.04%
Sanjiv Narayan	4.40%
Franklin India Flexi CAP Fund	3.06%
Tata AIA Life Insurance Company Limited A/C Emerging Opportunities Fund	2.63%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Nifty 500 Momentum 50 Index Fund	1.50%
Motilal Oswal Focused Fund	1.38%
HDFC Life Insurance Company Limited	1.35%

2,46,735 shareholders. Pledged: – of promoter shares.

Peers in Industrial Products

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
INDOMIM	₹52,085 cr	–	–	–	–	–	–	–
CPPLUS	₹45,577 cr	94.7x	24.3x	25.5%	33.3%	14.5%	–	0.04%
SYRMA	₹28,803 cr	77.7x	10.1x	17.4%	17.6%	11.1%	+33.0%	0.10%
HONAUT	₹27,500 cr	50.1x	6.2x	13.0%	16.9%	13.3%	+10.7%	0.34%
KAYNES	₹22,167 cr	64.0x	4.7x	9.1%	11.1%	15.5%	+47.7%	–
JYOTICNC	₹20,523 cr	63.8x	10.3x	17.4%	18.5%	24.4%	–	–
LMW	₹17,267 cr	84.2x	5.7x	7.0%	9.3%	7.1%	-12.1%	0.19%
TEGA	₹12,752 cr	447.9x	3.7x	0.9%	4.5%	7.5%	+11.7%	0.11%
LLOYDSENGG	₹12,248 cr	48.1x	7.3x	14.1%	15.1%	14.2%	+60.9%	0.27%
DYNAMATECH	₹8,303 cr	195.7x	10.5x	5.6%	9.1%	10.3%	+7.2%	0.04%

All 152 companies in Industrial Products →

Dividends & corporate actions

Ex-date	Action	Detail
2026-08-18	Dividend	Dividend - Rs 1.50 Per Share
2025-09-19	Dividend	Dividend - Rs 1.50 Per Share
2024-09-10	Other	Annual General Meeting
2024-09-10	Dividend	Dividend - Rs 1.50 Per Share
2023-09-01	Dividend	Dividend - Rs 1.50 Per Share
2023-09-01	Other	Annual General Meeting

Documents

Links go to the original files on the exchange website.

About the company

Manufacturing: Computer, electronic, Communication and scientific measuring and control equipment


Sector	Industrials
Industry	Industrial Products
Sub-industry	Industrial Products
Symbol	SYRMA
BSE code	543573
ISIN	INE0DYJ01015
Face value	₹10.0
Incorporated	2004-08-23
Website	https://syrmasgs.com
Plants (India / abroad)	14 / 1

From the company's filings (BRSR FY26).

Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.