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Syrma SGS Technology Limited (SYRMA)

Capital Goods · Industrial Manufacturing · NSE · Updated 16 June 2026

₹1,301.1 ↑ 149.66% (1Y)

🎯 Key Takeaways

Syrma SGS Technology Limited is transitioning from a high-growth phase to a scaling, profitability-driven enterprise, marked by accelerating revenue expansion, significant margin improvement, and strategic diversification into high-value sectors like automotive, healthcare, and defense. The company has demonstrated consistent top-line growth and is now prioritizing operational efficiency and capital deployment to sustain momentum.
Revenue grew 4.4% QoQ to ₹869 in Q3FY25.
⚠️ Semiconductor supply constraints continue to pose a near-term risk to capital expenditure timelines, potentially delaying growth initiatives tied to n

Market Cap

₹19,539

P/E Ratio

129.2

Div Yield

0.00%

Promoter

0.0%

✨ Ask AI About SYRMA 📊 Interactive Charts

📖 The Story

Syrma SGS Technology Limited is transitioning from a high-growth phase to a scaling, profitability-driven enterprise, marked by accelerating revenue expansion, significant margin improvement, and strategic diversification into high-value sectors like automotive, healthcare, and defense. The company has demonstrated consistent top-line growth and is now prioritizing operational efficiency and capital deployment to sustain momentum.

📰 What's Happening

In its FY26 audited results and Q4FY26 filing on May 11, 2026, Syrma reported 56% YoY revenue growth to ₹14,768 crores and 87% YoY PAT growth to ₹3,458 crores, with PAT margin expanding to 7.1%. Export revenue grew 41% YoY, contributing 25% of total revenue, and EBITDA margin improved to 12%. Management highlighted progress in automotive, healthcare, and defense verticals and indicated FY27 growth would be driven by new segments, though no specific targets were provided. Earlier, on May 12, 2026, the company confirmed utilization of IPO proceeds for capital expenditure, with Rs 3,598.37 million spent against Rs 4,030 million allocated, delayed due to semiconductor shortages but still on track for FY2027 deployment.

Source: Stock Announcements

📊 Quarterly Results (₹ Cr)

Metric	Q4FY23	Q1FY24	Q2FY24	Q3FY24	Q4FY24	Q1FY25	Q2FY25	Q3FY25
Revenue	680	601	712	707	1,134	1,160	833	869
Operating Profit	81	59	57	51	89	60	81	99
OPM %	8.7%	6.1%	6.9%	5.5%	6.5%	3.8%	8.5%	9.1%
Net Profit	43	28	31	20	45	20	40	53
EPS	₹2.43	₹1.61	₹1.60	₹0.88	₹1.97	₹1.09	₹2.04	₹2.74

The company's financial trajectory shows a clear inflection toward higher profitability and operational efficiency, with PAT margin expanding from 3.8% in Q1FY25 to 7.1% in FY26, despite fluctuating quarterly revenue patterns. Revenue growth accelerated to 27% YoY in FY26, supported by strong export performance and execution in key verticals, while operating and net profit growth outpaced revenue, indicating improved cost control and margin management. The consistent rise in EBITDA and PAT across quarters, even amid macro headwinds, reflects disciplined execution and scalable operations.

🔮 Management Outlook & What's Next

Management expressed confidence in continued margin expansion and export growth as key drivers of future performance, particularly in automotive, industrial, healthcare, and defense sectors, though no specific revenue or profit targets were disclosed in the filings reviewed. The forward-looking statements emphasize sustained execution in these high-value segments and capital deployment in FY2027 to support growth, with no indication of new funding requirements or strategic pivots.

Extracted from official company announcements. Not StockFin.ai's opinion.

⚖️ Peer Comparison — Industrial Manufacturing

Company	MCap (₹ Cr)	P/E	ROCE	ROE	D/E
Mazagon Dock Shipbuilders Limited	1.00 L Cr	36.4	—	—	—
Cochin Shipyard Limited	41,948	52.5	—	—	—
Aditya Infotech Limited	29,029	146.0	—	—	—
Honeywell Automation India Limited	25,618	50.7	—	—	—
Kaynes Technology India Limited	21,933	80.1	—	—	—
Syrma SGS Technology Limited	19,539	129.2	—	—	—
Jyoti CNC Automation Limited	16,087	52.2	—	—	—
LMW Limited	15,556	128.8	—	—	—
Tega Industries Limited	11,910	56.2	—	—	—
Jupiter Wagons Limited	11,759	29.9	—	—	—

🔗 Peer Stock Analyses

MAZDOCK COCHINSHIP CPPLUS HONAUT KAYNES

⚠️ Risk Factors

Semiconductor supply constraints continue to pose a near-term risk to capital expenditure timelines, potentially delaying growth initiatives tied to new capacity. Additionally, the company's high P/E ratio of 129.2 reflects elevated valuation expectations, making the stock sensitive to any signs of margin compression or growth slowdown. Execution risks in new verticals and delayed capital projects could also temper near-term momentum if not managed effectively.

📋 Recent Filings

🧠 Analyst's Read

Syrma SGS Technology is executing a disciplined growth strategy with improving profitability and expanding export markets, supported by strong cash generation and strategic capital allocation. Investors should monitor execution clarity in FY27 capital deployment and management's ability to provide specific growth targets to sustain confidence in the upward trajectory.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on SYRMA

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.