Syrma SGS Technology Ltd.

NSE: SYRMA · Capital Goods

₹1,459.30-3.68%06 Nov 2026

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Instant answers about Syrma SGS Technology Ltd. — computed from its filings, no language model

Market cap₹28,107 cr

Current price₹1,459.30

High / Low₹1,783 / ₹640

P/E61.2

P/B9.24

Book value₹157.9

ROE15.1%

ROCE17.0%

Debt / equity0.25

Dividend yield0.10%

EPS (TTM)₹23.85

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY23	FY24	FY25	FY26
Revenue	2,048	3,154	3,787	4,819
EBITDA	1,592	199	323	545
Operating margin	77.7%	6.3%	8.5%	11.3%
Interest	22	38	58	48
Depreciation	31	51	75	84
Profit before tax	1,583	166	237	445
Tax	56	42	53	100
Net profit	119	107	184	346
EPS ₹	7.55	6.06	9.55	16.94
Operating cash flow	1,334	-114	176	290
Capex	118	338	245	192
Dividend paid	0	27	27	29
Total assets	2,541	3,689	4,205	5,770
Equity	1,540	1,613	1,750	2,862

Quarterly performance

last 17 quarters · ₹ crore

showing latest 8 of 17 periods

	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25*	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	467	513	680	601	712	707	1,134	1,160	833	869	55	944	1,146	1,264	1,465	1,589	1,990
Operating profit	47	48	59	37	49	39	74	45	71	79	28	87	115	159	174	162	193
Operating margin	10.1%	9.3%	8.7%	6.1%	6.9%	5.5%	6.5%	3.8%	8.5%	9.1%	51.6%	9.2%	10.1%	12.6%	11.9%	10.2%	9.7%
Other income	8	12	22	22	9	12	16	15	10	22	0	16	9	10	12	15	10
Interest	6	6	4	8	8	10	12	13	14	15	0	15	13	8	13	13	15
Depreciation	7	8	9	10	12	14	16	17	17	20	1	21	22	20	21	22	23
Profit before tax	42	45	68	41	37	27	61	29	51	64	30	67	90	138	150	141	165
Tax	13	11	25	13	6	7	16	9	11	11	11	17	23	28	31	35	41
Net profit	28	33	42	28	28	16	35	19	36	49	23	50	66	110	119	106	124
EPS ₹	1.88	1.94	2.43	1.61	1.60	0.88	1.97	1.09	2.04	2.74	0.93	2.79	3.44	5.33	5.29	5.19	6.08
Revenue YoY	—	—	—	—	52.4%	37.9%	66.9%	92.9%	17.0%	23.0%	-95.1%	-18.6%	37.6%	45.4%	2555.9%	68.3%	73.6%
Profit YoY	—	—	—	—	0.4%	-53.2%	-17.4%	-32.3%	27.8%	214.4%	-35.1%	158.7%	83.1%	126.1%	426.2%	111.7%	87.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 14 periods

	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	8.6%	8.4%	7.3%	6.7%	6.1%	6.5%	8.5%	7.3%	9.0%	6.7%	8.9%	12.1%	14.0%	15.1%
ROCE	11.7%	10.9%	10.2%	9.3%	9.0%	9.7%	11.5%	9.1%	10.8%	9.5%	11.7%	15.4%	17.6%	17.0%
Net margin	5.8%	5.3%	4.2%	3.4%	2.6%	2.8%	3.5%	4.4%	5.8%	6.2%	7.3%	7.2%	7.3%	7.3%
EBITDA margin	8.5%	7.7%	6.8%	6.3%	5.6%	5.9%	6.7%	7.6%	9.8%	10.3%	11.4%	11.1%	11.2%	10.9%
Debt / equity	0.23	0.27	0.27	0.36	0.36	0.37	0.37	0.35	0.35	0.10	0.10	0.12	0.12	0.25
Interest coverage	9.13	8.41	6.88	5.40	4.57	4.44	4.77	5.11	5.78	6.79	10.16	10.23	12.12	13.06
Asset turnover	0.89	0.86	0.93	0.85	1.01	0.97	1.01	0.69	0.64	0.58	0.65	0.84	0.95	0.89

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	176	177	177	177	177	178	192	193	193
Other equity / reserves	1,275	1,364	1,392	1,435	1,466	1,572	2,617	2,670	2,849
Total equity	1,452	1,540	1,569	1,613	1,643	1,750	2,809	2,862	3,042
Borrowings	298	347	423	576	603	611	282	353	746
Current liabilities	852	860	1,113	1,845	2,076	2,214	2,167	2,441	3,585
Non-current liabilities	49	138	177	168	179	166	155	264	196
Total assets	2,361	2,541	2,908	3,689	3,967	4,205	5,210	5,770	7,074
Property, plant & equipment	320	384	469	650	688	803	802	860	879
Capital work-in-progress	12	20	25	11	45	61	77	68	261
Investments	34	84	47	42	124	59	144	547	878
Inventories	499	587	735	1,004	1,012	822	880	1,062	1,579
Receivables	346	403	519	930	1,050	1,477	1,897	1,841	2,123
Cash & equivalents	41	46	64	78	68	81	311	192	145

Cash flow

annual · ₹ crore · line = free cash flow

	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
Dividends paid	0	27	27	29

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹879 cr12%

CWIP

₹261 cr4%

Investments

₹878 cr12%

Inventories

₹1,579 cr22%

Receivables

₹2,123 cr30%

Cash & equivalents

₹145 cr2%

Other assets

₹1,209 cr17%

Peer comparison

largest in Capital Goods · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Hindustan Aeronautics Ltd.	3,33,052	4,980.00	35.7	8.12	22.7%
Bharat Electronics Ltd.	2,89,468	396.00	45.2	11.02	24.4%
Tata Motors Ltd.	1,56,797	425.50	24.8	10.26	41.3%
Bharat Heavy Electricals Ltd.	1,45,828	418.80	50.7	5.45	10.8%
ABB India Ltd.	1,43,541	6,774.00	55.7	15.37	27.6%
Siemens Ltd.	1,26,736	3,560.00	28.2	8.02	28.4%
Hitachi Energy India Ltd.	1,23,988	27,800.00	107.8	23.95	22.2%
CG Power and Industrial Solutions Ltd.	1,21,786	773.00	89.1	13.94	15.6%
Polycab India Ltd.	1,18,610	7,871.00	37.6	9.06	24.1%
Cummins India Ltd.	1,12,233	4,048.80	49.8	13.52	27.1%
Syrma SGS Technology Ltd.	28,107	1,459.30	61.2	9.24	15.1%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-16.5%

6 months+33.5%

1 year+78.6%

3Y CAGR+40.4%

5Y CAGR—

10Y CAGR—

50-day avg₹1,598.53

200-day avg₹1,203.13

RSI (14)40

Compare Syrma SGS Technology Ltd. with

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FAQs

What is the share price of Syrma SGS Technology Ltd.?

Syrma SGS Technology Ltd. (SYRMA) closed at ₹1,459.30 on NSE on 06 Nov 2026.

What is the market cap of Syrma SGS Technology Ltd.?

₹28,107 crore at the latest close.

What is the P/E ratio of Syrma SGS Technology Ltd.?

61.2, on trailing-twelve-month earnings from its filings.

How fast is Syrma SGS Technology Ltd. growing?

Syrma SGS Technology Ltd.: revenue has compounded at 33.0% a year over three years; net profit at 42.6% a year. Latest-quarter revenue is up 73.6% year on year, profit up 87.2%.

How profitable is Syrma SGS Technology Ltd.?

On a trailing-twelve-month basis return on equity is 15.1%, return on capital employed 17.0%, operating margin 10.9%, net margin 7.3%.

How much debt does Syrma SGS Technology Ltd. have?

Syrma SGS Technology Ltd. is lightly geared: debt to equity is 0.25 with borrowings of ₹746 cr against cash of ₹145 cr (balance sheet of 2026-09-30). Operating profit covers interest 13.1 times.

Financials parsed from Syrma SGS Technology Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '22, annual from FY23, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.