Financials Syrma SGS Technology Limited

Equities

SYRMA

INE0DYJ01015

Electronic Equipment & Parts

Delayed NSE India S.E. 05:41:25 2024-06-03 am EDT 5-day change 1st Jan Change
496.8 INR +3.50% Intraday chart for Syrma SGS Technology Limited +4.47% -25.95%

Valuation

Fiscal Period: March 2023 2024 2025 2026
Capitalization 1 46,413 85,250 - -
Enterprise Value (EV) 1 46,413 82,648 88,505 89,896
P/E ratio 35 x 77.3 x 54.3 x 36.1 x
Yield - 0.29% 0.36% 0.46%
Capitalization / Revenue 2.27 x 2.62 x 1.94 x 1.44 x
EV / Revenue 2.27 x 2.62 x 2.01 x 1.52 x
EV / EBITDA 24.7 x 38.4 x 29.2 x 21.1 x
EV / FCF -24.6 x -40.6 x -219 x -191 x
FCF Yield -4.07% -2.47% -0.46% -0.52%
Price to Book 3.01 x 5.14 x 4.84 x 4.29 x
Nbr of stocks (in thousands) 176,778 177,585 - -
Reference price 2 262.6 480.0 480.0 480.0
Announcement Date 5/18/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2022 2023 2024 2025 2026
Net sales 1 - 20,484 31,538 44,007 59,146
EBITDA 1 - 1,878 2,154 3,034 4,269
EBIT 1 - 1,566 1,639 2,368 3,492
Operating Margin - 7.64% 5.2% 5.38% 5.9%
Earnings before Tax (EBT) 1 - 1,787 1,664 2,338 3,435
Net income 1 555.4 1,193 1,073 1,566 2,355
Net margin - 5.83% 3.4% 3.56% 3.98%
EPS 2 4.940 7.500 6.020 8.847 13.30
Free Cash Flow 1 - -1,887 -2,109 -404.2 -470.9
FCF margin - -9.21% -7.05% -0.92% -0.8%
FCF Conversion (EBITDA) - - - - -
FCF Conversion (Net income) - - - - -
Dividend per Share 2 - - 1.410 1.730 2.227
Announcement Date 7/1/22 5/18/23 5/10/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 5,126 6,795 6,013 6,980 7,561 9,715
EBITDA 1 478.2 592.2 369.3 546.1 558.8 797.6
EBIT - - - 456 405 624
Operating Margin - - - 6.53% 5.36% 6.42%
Earnings before Tax (EBT) - - - 581.5 540 671.5
Net income 1 - - 285.2 386.3 334 418.4
Net margin - - 4.74% 5.54% 4.42% 4.31%
EPS - - - 2.250 2.000 2.300
Dividend per Share - - - - - -
Announcement Date 2/8/23 5/18/23 8/1/23 - - -
1INR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: March 2022 2023 2024 2025 2026
Net Debt 1 - - 317 3,256 4,646
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) - - 0.1519 x 1.073 x 1.088 x
Free Cash Flow 1 - -1,887 -2,109 -404 -471
ROE (net income / shareholders' equity) - 11.3% 7.63% 9.14% 12.6%
ROA (Net income/ Total Assets) - - 4.5% 4.13% 6.42%
Assets 1 - - 27,428 37,894 36,694
Book Value Per Share 2 - 87.10 93.30 99.10 112.0
Cash Flow per Share 2 - - 3.850 3.870 3.030
Capex 1 - 1,184 3,823 1,691 1,591
Capex / Sales - 5.78% 12.78% 3.84% 2.69%
Announcement Date 7/1/22 5/18/23 5/10/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
480 INR
Average target price
506.6 INR
Spread / Average Target
+5.54%
Consensus
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