Capital Goods · NSE/BSE: SYRMA
Syrma SGS Technology Limited
Industrial Products
Market Cap ₹0.25L Cr
Verdict: High
Quality Scores
Multi-Bagger
76/100
Compounder Quality
78/100
Management Credibility
82/100
Governance
85/100
Cash Flow Quality
55/100
AI Summary
Syrma SGS Technology is a leading Indian Electronics Manufacturing Services (EMS) player that has transformed from a ₹862 Cr revenue base in FY20 to a projected ₹4,819 Cr by FY26. The company serves high-growth sectors including automotive, consumer electronics, and industrial products, benefiting from the 'Make in India' tailwinds and the global 'China Plus One' strategy. Syrma's strategy involves a mix of organic growth and strategic consolidation, such as the merger with SGS Tekniks. While the company exhibits hyper-growth in revenue (40% 5y CAGR) and profit (36% 5y CAGR), it faces…
Top Opportunities
- 5-year revenue CAGR of 40%
- Dramatic profit growth of 102% TTM
- Strong deleveraging in FY26
Top Risks
- History of negative operating cash flows
- High stock P/E of 79x
- Increasing receivable days (139 vs 72)
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.