Syrma SGS Technology Ltd (NSE: SYRMA) Shares: According to analysts from the Brokerage, a foreign broker firm the share prices from Syrma SGS Technology may rise around 24% after this point.
The brokerage has begun to cover this stock, with a Buy rating, and has also set a target price of Rs 651.
This is around 24 percent higher than the current cost. Syrma SGS’s shares has fallen more than 20 percent during the beginning of this year’s first quarter.
In the past few years, the company has delivered impressive returns of over 85 percent toward its customers.
On the 7th of March, on a Thursday the Syrma SGS share was trading at Rs 525.10 Up about 1 percent from the NSE. Syrma SGS is a technology-focused design and engineering company that is in turnkey electronic manufacturing services (EMS).
Brokerage declared it to be one of the top companies within its EMS sector. The brokerage firm noted that the factors that help further boost the growth of the business are positive.
This is a reference to the company’s expansion into other sectors like aerospace, lighting, and healthcare, as well as the company’s research into potential growth opportunities in organic expansion and growth in the field, etc.
The brokerage predicts that the industry will grow by 22% per year in the coming decades.
Brokerage anticipates Syrma SGS’s revenues to increase at a rate of 38 percent per year from FY 2023 through 2026, with an increase of 18 percent in the near time. In addition, the brokerage is also advised to monitor its margins and its ratio of return.
Syrma SGS’s net loss fell to 15.52 crore for the quarter of December, from 33.2 million in that same quarter one year ago.
The net sales of the company in December amounted to the sum of Rs 06.7 crore, compared to the equivalent of 512.6 crore during the same time frame last year.
About Syrma SGS Technology Ltd
Syrma SGS Technology Limited is an Indian holding company.
The Company is in the production of diverse electronic assemblies, sub-assemblies boxes disk drives memory modules power supplies, adapters or power sources Fiber optic assemblies, magnetic induction coils, radio frequency identification (RFID) products, as well as other electronic items.
It offers large-mix, flexible quantity, and precise Original Equipment Manufacturer (OEM) production.
The company’s single-stop electronics manufacturing solutions comprise the design of products, rapid prototyping as well as printing circuit board assembly and repair, box construction and rework, as well as automated testing and development services.
It offers services in a variety of areas like the design of products, rapid prototyping the assembly of PCBs and boxes, building repair and rework, and development of testers.
Its offerings comprise RFID tags and inlays magnetics, as well as crucial communications solutions.
Fundamental Analysis of Syrma SGS Technology Ltd
| Market Cap | ₹ 9,332 Cr. |
| Current Price | ₹ 525.10 |
| 52-wk High | ₹ 705 |
| 52-wk Low | ₹ 251 |
| Stock P/E | 80.9 |
| Book Value | ₹ 88.3 |
| Dividend | 0.29 % |
| ROCE | 14.9 % |
| ROE | 11.2 % |
| Face Value | ₹ 10.0 |
| P/B Value | 5.95 |
| OPM | 6.75 % |
| EPS | ₹ 6.48 |
| Debt | ₹ 466 Cr. |
| Debt to Equity | 0.30 |
| Year | 1st Target | 2nd Target |
| 2024 | ₹550 | ₹653 |
| 2025 | ₹665 | ₹700 |
| 2026 | ₹721 | ₹765 |
| 2027 | ₹800 | ₹832 |
| 2028 | ₹888 | ₹900 |
| 2029 | ₹912 | ₹934 |
| 2030 | ₹1000 | ₹1213 |
| Promoters Holding | |
| Dec 2022 | 47.27% |
| Mar 2023 | 47.27% |
| June 2023 | 47.27% |
| Sept 2023 | 47.22% |
| Dec 2023 | 46.89% |
| FII Holding | |
| Dec 2022 | 4.93% |
| Mar 2023 | 4.61% |
| June 2023 | 9.27% |
| Sept 2023 | 10.14% |
| Dec 2023 | 11.13% |
| DII Holding | |
| Dec 2022 | 7.57% |
| Mar 2023 | 8.58% |
| June 2023 | 9.58% |
| Sept 2023 | 9.24% |
| Dec 2023 | 8.21% |
| Public Holding | |
| Dec 2022 | 40.21% |
| Mar 2023 | 39.52% |
| June 2023 | 34.24% |
| Sept 2023 | 33.02% |
| Dec 2023 | 33.78% |
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | — |
| 2020 | ₹ 862 Cr |
| 2021 | ₹ 886 Cr |
| 2022 | ₹ 1,020 Cr |
| 2023 | ₹ 2,699 Cr |
Last 5 Years’ Net Profit:
| 2019 | — |
| 2020 | ₹ 92 Cr |
| 2021 | ₹ 69 Cr |
| 2022 | ₹ 57 Cr |
| 2023 | ₹ 122 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | — |
| 2020 | 0.82 |
| 2021 | 0.24 |
| 2022 | 0.24 |
| 2023 | 0.17 |
Last 10 Years’ Profit Growth:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 10% |
| Current Year: | 24% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 11% |
| Last Year: | 11% |
Sales Growth Over 10 Years:
| 10 Years: | — |
| 5 Years: | — |
| 3 Years: | 33% |
| Current Year: | 55% |
Conclusion
This article is a complete guide about Syrma SGS Technology Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
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