Syrma SGS Technology share price
NSE: SYRMABSE: 543573Industrial ManufacturingSmall Cap
Syrma SGS Technology Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Aug 2022 · Issue price ₹220
Last close ₹1,519.60up ₹24.20 (1.62%)BSE ₹1,518.85
Share price at the NSE close on 27 Oct 2026. Previous close ₹1,495.40.
27 Oct: open ₹1,497.00, high ₹1,549.90, low ₹1,471.20
52-week range of traded prices to 27 Oct 2026
₹634.50Low, 21 Jan 2026₹1,822.60High, 1 Oct 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹29,363 Cr370th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 79.18
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 10.26
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.10%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 16.1%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 15.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.12
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 8,17,13840.0% delivered
About Syrma SGS Technology
Syrma SGS Technology Limited is an Indian electronics system design and manufacturing company that designs, builds and delivers the electronics inside other companies' products.1 Its customers are businesses in industrial, consumer, automotive, telecom, medical, IT, aerospace and defence, and railway markets, served from plants across India and a plant in Germany.2
Its main product lines are circuit board assembly and box build (putting the finished product together in its casing), RFID (radio-frequency identification: tags read by radio) tags, inlays and tracking systems, and magnetic components such as coils, transformers and chokes.13 Its engineers design products under SyrmaETS, it makes electro-medical devices through its subsidiary Syrma Johari Medtech Limited, and its naval and maritime electronics business rests on Elcome Integrated Systems.453 It has more than 350 active customer relationships and more than 10,000 employees in India and Germany.6
It was incorporated in 2004.7 SGS Tekniks, incorporated in 1990, was combined with it in 2021 and later merged into it, and the company listed on the BSE and NSE in 2022.8 In the year to Mar 2026 it raised ₹1,000 crore through a qualified institutional placement (a sale of new shares to large investors).7
Sandeep Tandon is Executive Chairman, and Jasbir Singh Gujral, a founding promoter of SGS Tekniks, is Managing Director.9 Jaidit Singh Brar became Chief Executive Officer on 29 Jun 2026.10
Syrma SGS Technology key points
Results
- In the quarter to Jun 2026, consolidated total revenue was ₹1,604 crore, up 67%, and profit after tax ₹106 crore, up 112%. Operating EBITDA (earnings before interest, tax, depreciation and amortisation, leaving out other income) rose 69% to ₹162 crore, a margin of 10.1%.1112
- In the year to Mar 2026, consolidated total revenue (revenue from operations plus other income) was ₹4,857 crore, up 27%, and profit after tax ₹346 crore, up 87%. Operating EBITDA rose 68% to ₹5,445 million, a margin of 11.3%.1314
Revenue mix
- Revenue from operations by industry, ₹ million15
Item year to Mar 2026 year to Mar 2025 Consumer 14,527 13,491 Industrials 13,985 10,758 Automotive 11,390 8,213 IT and railways 4,336 2,493 Healthcare 3,952 2,912 - Original design manufacturing (ODM: products Syrma SGS designs as well as builds) grew 80% to ₹825 crore in the year to Mar 2026, from 12% to 17% of revenue.16
- In the quarter to Jun 2026, Syrma SGS's top 5 customers gave about 38% of revenue, the top 10 about 51% and the top 20 about 66%.17
Where revenue comes from
- Revenue from operations by geographic market, ₹ million18
Item year to Mar 2026 year to Mar 2025 India 35,605.61 29,062.53 Rest of the world 5,581.94 6,260.52 USA 3,681.92 828.65 Germany 3,321.12 1,715.21 - In the year to Mar 2026, Syrma SGS's exports crossed ₹1,200 crore for the first time, up 41%, and reached 25% of revenue.19
- In the quarter to Jun 2026, exports were about ₹387 crore, about 24% of operating revenue.20
Plants and capacity
- Syrma SGS has 17 manufacturing facilities with 1.27 million sq ft of manufacturing space and 39 SMT lines (automated lines that place components on circuit boards).21
- As of its earnings call of 30 Jul 2026, the company said its plants were running at 65% to 70% of capacity and that it was adding capacity at Bengaluru and, for medical devices, at Jodhpur.22
Order book
- The order book, which the company calls order book visibility, was about ₹6,770 crore at the end of Jun 2026, of which about ₹5,400 crore is due to be executed within 12 months.2324
- Order book by industry, end of Jun 202625
Item quarter to Jun 2026 Consumer about 30% Automotive about 29% Industrials about 24% IT and railways about 9% Healthcare, including MedTech about 7% - In the year to Mar 2026, Syrma SGS signed its first multi-year, multi-product framework agreement with a customer, with revenue potential of about $250 million over 2 to 3 years.26
Expansion and capital spending
- The company stated in its annual report for the year to Mar 2026 that it is building a bare circuit board plant in Andhra Pradesh through Shinhyup Syrma Circuits, its 75% joint venture, at a cost of about ₹1,600 crore over 3 to 5 years.2728
- On 27 Oct 2025, the company's PCB subsidiary received approval for incentives over 6 years under the government's Electronic Components Manufacturing Scheme; it expects cumulative investment of ₹765 crore in the approved project.2930
- On its earnings call of 30 Jul 2026, the company said it expects the PCB plant to start commercial production by April 2027.31
What the company expects
- On its earnings call of 30 Jul 2026, the company said it expects revenue growth of 35% or more in the year to Mar 2027, and a full-year margin of 10.5% to 11%, a measure it did not name.3233
- On its earnings call of 30 Jul 2026, the company said it expects Syrma Johari MedTech, its medical devices subsidiary with about ₹210 crore of revenue in the year to Mar 2026, to grow almost 50% in the year to Mar 2027.34
- On its earnings call of 30 Jul 2026, the company said the 18 clients added in the quarter to Jun 2026 could add more than ₹1,000 crore of revenue at full ramp-up.3536
- On its earnings call of 30 Jul 2026, the company said its joint venture with Kaga could reach about ₹300 crore to ₹500 crore of business over 3 to 5 years.37
Recent events
- On 18 Aug 2026, Syrma Kaga Electronics Private Limited was incorporated as a subsidiary jointly with Kaga Electronics India Private Limited; Syrma SGS holds 60%.3839
- On 5 May 2026, India Ratings and Research upgraded the company's bank loan rating to IND AA/Stable and affirmed its commercial paper (short-term borrowing from investors) rating at IND A1+.40
- On 14 Apr 2026, the joint venture with Italy's Elemaster closed, with Syrma SGS holding 60% and Elemaster 40%; the company says it focuses on high-reliability railway, medical and industrial electronics from a facility in Bengaluru.4142
- On 17 Dec 2025, Syrma SGS bought 60% of Elcome, a Navi Mumbai maritime and defence technology business, for ₹235 crore, and is obliged to buy the remaining 40% in phases.4344
Last updated
All 44 sources, each with its page
- 1. Annual report, 3 Aug 2026, page 8
- 2. Annual report, 3 Aug 2026, page 69
- 3. Annual report, 3 Aug 2026, page 43
- 4. Annual report, 3 Aug 2026, page 10
- 5. Annual report, 3 Aug 2026, page 14
- 6. Annual report, 3 Aug 2026, page 21
- 7. Annual report, 3 Aug 2026, page 65
- 8. Annual report, 3 Aug 2026, page 9
- 9. Annual report, 3 Aug 2026, page 37
- 10. Annual report, 3 Aug 2026, page 47
- 11. Earnings call, 30 Jul 2026, page 5
- 12. Earnings call, 30 Jul 2026, page 12
- 13. Annual report, 3 Aug 2026, page 21
- 14. Annual report, 3 Aug 2026, page 17
- 15. Investor presentation, 7 Jun 2026, page 32
- 16. Annual report, 3 Aug 2026, page 17
- 17. Earnings call, 30 Jul 2026, page 6
- 18. Annual report, 3 Aug 2026, page 181
- 19. Annual report, 3 Aug 2026, page 17
- 20. Earnings call, 30 Jul 2026, page 6
- 21. Annual report, 3 Aug 2026, page 22
- 22. Earnings call, 30 Jul 2026, page 15
- 23. Earnings call, 30 Jul 2026, page 6
- 24. Earnings call, 30 Jul 2026, page 13
- 25. Earnings call, 30 Jul 2026, page 6
- 26. Annual report, 3 Aug 2026, page 28
- 27. Annual report, 3 Aug 2026, page 7
- 28. Annual report, 3 Aug 2026, page 46
- 29. Exchange filing, 28 Oct 2025, page 1
- 30. Exchange filing, 28 Oct 2025, page 2
- 31. Earnings call, 30 Jul 2026, page 7
- 32. Earnings call, 30 Jul 2026, page 11
- 33. Earnings call, 30 Jul 2026, page 16
- 34. Earnings call, 30 Jul 2026, page 12
- 35. Earnings call, 30 Jul 2026, page 6
- 36. Earnings call, 30 Jul 2026, page 17
- 37. Earnings call, 30 Jul 2026, page 14
- 38. Exchange filing, 18 Aug 2026, page 1
- 39. Earnings call, 30 Jul 2026, page 7
- 40. Exchange filing, 5 May 2026, page 1
- 41. Exchange filing, 14 Apr 2026, page 1
- 42. Annual report, 3 Aug 2026, page 43
- 43. Annual report, 3 Aug 2026, page 46
- 44. Annual report, 3 Aug 2026, page 192
Results
Consolidated; ₹ crore.Syrma SGS Technology quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +53.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +85.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,589 Crup 8.44%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹106 Crdown 11.36%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.7%
Revenue by quarter
Peak revenue ₹1,589 Cr, quarter to Jun 2026; lowest ₹833 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | 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 |
| Net profit | 40 | 53 | 71 | 50 | 66 | 110 | 119 | 106 |
| Net margin | 4.8% | 6.1% | 7.7% | 5.3% | 5.8% | 8.7% | 8.1% | 6.7% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,819 Crup 27.26%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹346 Crup 87.48%
- Net margin
- 7.2%
Revenue by year
Peak revenue ₹4,819 Cr, year to Mar 2026; lowest ₹2,048 Cr, year to Mar 2023
Net profit by year, a loss in red
| ₹ crore | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Revenue | 2,048 | 3,154 | 3,787 | 4,819 |
| Net profit | 1,527 | 124 | 184 | 346 |
| Net margin | 74.6% | 3.9% | 4.9% | 7.2% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Electronics Manufacturing Services, which carries all its revenue.
Valuation
Today, against the company's own history.Syrma SGS Technology PE ratio and valuation
Price to earnings
At or below today's level on 72% of 674 trading days over the last 3 years.
LowestHighest
Its median74.26Industry median27.16
Price to book
At or below today's level on 97% of 918 trading days since Nov 2022.
LowestHighest
Its median5.51Industry median2.54
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 27% of 1,015 trading days since Sep 2022.
LowestHighest
Its median0.20%Industry median0.42%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +68.3% | +77.4% | −5.2% | 0.2% |
| 3 years | +43.6% | – | – | 0.3% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth and the change in P/E over 3 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out.
Mutual fund holdings
101 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 52 of the 66 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 101 funds holding Syrma SGS Technology
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 2
- AddedAdded. Funds that held more shares than at the end of the month before.
- 22
- CutCut. Funds that held fewer shares than at the end of the month before.
- 44
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 30
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 2
| Fund | |||
|---|---|---|---|
 Axis Small Cap FundAxis Mutual Fund | 24,88,473 | 1.45% | ₹443.7 Cr |
 Franklin India Opportunities FundFranklin Templeton Mutual Fund | 23,93,073 | 4.45% | ₹426.7 Cr |
| Franklin India Multi Cap FundFranklin Templeton Mutual Fund | 13,76,731 | 4.80% | ₹245.5 Cr |
| Franklin India Small Cap FundFranklin Templeton Mutual Fund | 12,54,831 | 1.57% | ₹223.7 Cr |
 Helios Flexi Cap FundHelios Mutual Fund | 12,16,391 | 2.47% | ₹216.9 Cr |
 Motilal Oswal Small Cap FundMotilal Oswal Mutual Fund | 11,70,792 | 2.52% | ₹208.7 Cr |
 Canara Robeco Small Cap FundCanara Robeco Mutual Fund | 7,42,475 | 0.95% | ₹132.4 Cr |
| Motilal Oswal Multi Cap FundMotilal Oswal Mutual Fund | 6,16,575 | 2.39% | ₹109.9 Cr |
| Motilal Oswal Focused FundMotilal Oswal Mutual Fund | 3,80,031 | 3.67% | ₹67.8 Cr |
| Canara Robeco Manufacturing FundCanara Robeco Mutual Fund | 3,68,894 | 3.87% | ₹65.8 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Syrma SGS Technology insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Syrma SGS Technology competitors and peers
Industrial Products, 190 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Syrma SGS Technology in market cap.Capital goods stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| INDO-MIMINDOMIM | 54,452 | – | – | – | – | – | – | 0.00% |
 Aditya InfotechCPPLUS | 48,661 | 101.74 | 25.93 | – | – | 25.5% | 32.7% | 0.04% |
 Honeywell Automation IndiaHONAUT | 27,868 | 49.30 | 5.98 | +5.3% | +9.5% | 12.8% | 13.0% | 0.35% |
 Zetwerk Manufacturing BusinessesZETWERK | 27,394 | – | – | – | – | – | – | 0.00% |
 Kaynes Technology IndiaKAYNES | 22,522 | 65.17 | 4.74 | +34.9% | +8.7% | 9.1% | 8.5% | 0.00% |
 Jyoti CNC AutomationJYOTICNC | 21,064 | 65.47 | 10.53 | +17.4% | −4.4% | 17.4% | 16.9% | 0.00% |
 LMWLMW | 17,415 | 84.92 | 5.73 | +19.4% | +71.6% | 7.0% | 5.1% | 0.21% |
 Tega IndustriesTEGA | 13,331 | 630.95 | 3.91 | +84.9% | −89.4% | 0.9% | 2.3% | 0.11% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Syrma SGS Technology dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹1.50 a share, in 4 years, the latest the year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 18 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹1.50 |
| 19 Sep 2025 | Final | ₹1.50 |
| 10 Sep 2024 | Final | ₹1.50 |
| 1 Sep 2023 | Final | ₹1.50 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Syrma SGS Technology announcements
Oct 2026
22 Oct · Board meeting
Sep 2026
Syrma SGS Technology share price by year
Each calendar year to 2025.Syrma SGS Technology share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 733.15 | +24.2% | 903.10 | 413.75 |
| 2024 | 590.15 | −12.0% | 664.05 | 379.55 |
| 2023 | 671.00 | +138.9% | 676.80 | 252.15 |
| 2022 | 280.85 | – | 326.25 | 254.15 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2022 is from its first session, 26 Aug 2022.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 1,425.00 | 1,501.00 | 1,405.40 | 1,495.40 | 1,465.74 | 10,68,156 | 31.6% |
| 23 Oct 2026 | 1,496.80 | 1,502.10 | 1,399.90 | 1,433.10 | 1,424.77 | 12,96,791 | 40.0% |
| 22 Oct 2026 | 1,465.10 | 1,532.00 | 1,454.00 | 1,495.70 | 1,499.65 | 12,27,755 | 26.1% |
| 21 Oct 2026 | 1,547.60 | 1,553.70 | 1,459.90 | 1,473.10 | 1,490.13 | 15,27,221 | 48.1% |
| 19 Oct 2026 | 1,604.00 | 1,614.00 | 1,540.30 | 1,547.60 | 1,567.49 | 8,38,862 | 44.0% |
| 16 Oct 2026 | 1,687.30 | 1,706.70 | 1,590.10 | 1,604.60 | 1,641.07 | 9,81,632 | 43.5% |
| 15 Oct 2026 | 1,690.00 | 1,713.20 | 1,669.00 | 1,687.30 | 1,697.61 | 10,24,448 | 42.2% |
| 14 Oct 2026 | 1,687.00 | 1,698.80 | 1,655.00 | 1,692.20 | 1,682.15 | 7,40,382 | 46.1% |
| 13 Oct 2026 | 1,744.80 | 1,746.90 | 1,685.80 | 1,694.00 | 1,697.45 | 7,16,006 | 38.2% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- SYRMA
- BSE code
- 543573
- ISIN
- INE0DYJ01015
- Industry
- Industrial Manufacturing
- Website
- www.syrmasgs.com
- CIN
- L30007MH2004PLC148165
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2004
- Registered office
- Unit No. 601, Floral Deck Plaza, 6th Floor, MIDC, Andheri (East), Mumbai 400093, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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