Syrma SGS Technology Ltd.
SYRMAIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
15 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 15 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20221121 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230216 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230529 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230823 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231129 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240213 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240517 | 2024-03-31 | yes | |
| TRANSCRIPT | 20241104 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250204 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250520 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250729 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251115 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260203 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260518 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260804 | 2026-06-30 | yes |
SYRMA
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 1,698.60 |
| 52-week range | 640.15 – 1741.8 |
| Return 1M | 16.49% |
| Return 3M | 17.92% |
| Return 1Y | 97.88% |
| Return 3Y | 212.79% |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 1,589.00 |
| Other income | 15.00 |
| Total income | 1,604.00 |
| Cost of materials consumed | 1,401.00 |
| Purchases of stock-in-trade | 2.00 |
| Changes in inventories | -204.00 |
| Employee benefit expense | 75.00 |
| Finance costs | 13.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.42 | 0.00 |
| institutions foreign | 0.08 | 0.01 |
| institutions domestic | 0.16 | -0.01 |
| mutual funds | 0.10 | -0.00 |
| public | 0.58 | -0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 15 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 467.00 | 513.00 | 680.00 | 601.00 | 712.00 | 707.00 | 1,134.00 | 1,160.00 | 833.00 | 869.00 | 944.00 | 1,146.00 | 1,264.00 | 1,465.00 | 1,589.00 |
| Other income | 8.00 | 12.00 | 22.00 | 22.00 | 9.00 | 12.00 | 16.00 | 15.00 | 10.00 | 22.00 | 16.00 | 9.00 | 10.00 | 12.00 | 15.00 |
| Total income | 475.00 | 524.00 | 701.00 | 623.00 | 721.00 | 719.00 | 1,150.00 | 1,175.00 | 843.00 | 891.00 | 960.00 | 1,155.00 | 1,274.00 | 1,477.00 | 1,604.00 |
| Cost of materials consumed | 371.00 | 383.00 | 501.00 | 487.00 | 581.00 | 584.00 | 944.00 | 1,006.00 | 647.00 | 643.00 | 725.00 | 873.00 | 899.00 | 1,047.00 | 1,401.00 |
| Purchases of stock-in-trade | 9.00 | 6.00 | 1.00 | 8.00 | 0.00 | 8.00 | 2.00 | 1.00 | -1.00 | 2.00 | 2.00 | 2.00 | 52.00 | 18.00 | 2.00 |
| Changes in inventories | -50.00 | -6.00 | 31.00 | -27.00 | -30.00 | -44.00 | -6.00 | -21.00 | -17.00 | -7.00 | -17.00 | -2.00 | -34.00 | 20.00 | -204.00 |
| Employee benefit expense | 30.00 | 29.00 | 27.00 | 33.00 | 31.00 | 38.00 | 40.00 | 45.00 | 46.00 | 45.00 | 50.00 | 51.00 | 56.00 | 61.00 | 75.00 |
| Finance costs | 6.00 | 6.00 | 4.00 | 8.00 | 8.00 | 10.00 | 12.00 | 13.00 | 14.00 | 15.00 | 15.00 | 13.00 | 8.00 | 13.00 | 13.00 |
| Depreciation and amortisation | 7.00 | 8.00 | 9.00 | 10.00 | 12.00 | 14.00 | 16.00 | 17.00 | 17.00 | 20.00 | 21.00 | 22.00 | 20.00 | 21.00 | 22.00 |
| Other expenses | 60.00 | 53.00 | 60.00 | 63.00 | 80.00 | 83.00 | 81.00 | 84.00 | 86.00 | 108.00 | 96.00 | 106.00 | 132.00 | 145.00 | 153.00 |
| Total expenses | 433.00 | 479.00 | 633.00 | 582.00 | 682.00 | 692.00 | 1,089.00 | 1,146.00 | 792.00 | 826.00 | 893.00 | 1,065.00 | 1,133.00 | 1,325.00 | 1,463.00 |
| Profit before exceptional items and tax | 42.00 | 45.00 | 68.00 | 41.00 | 38.00 | 27.00 | 61.00 | 29.00 | 51.00 | 66.00 | 67.00 | 90.00 | 142.00 | 152.00 | 141.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | -1.00 | 0.00 | 0.00 | 0.00 | 0.00 | -2.00 | 0.00 | 0.00 | -3.00 | -1.00 | 0.00 |
| Profit before tax | 42.00 | 45.00 | 68.00 | 41.00 | 37.00 | 27.00 | 61.00 | 29.00 | 51.00 | 64.00 | 67.00 | 90.00 | 138.00 | 150.00 | 141.00 |
| Current tax | 11.00 | 10.00 | 20.00 | 12.00 | 11.00 | 3.00 | 15.00 | 9.00 | 12.00 | 9.00 | 18.00 | 24.00 | 28.00 | 33.00 | 31.00 |
| Deferred tax | 2.00 | 0.00 | 5.00 | 1.00 | -5.00 | 3.00 | 1.00 | -0.00 | -1.00 | 1.00 | -1.00 | -0.00 | -0.00 | -1.00 | 4.00 |
| Tax expense | 13.00 | 11.00 | 25.00 | 13.00 | 6.00 | 7.00 | 16.00 | 9.00 | 11.00 | 11.00 | 17.00 | 23.00 | 28.00 | 31.00 | 35.00 |
| Profit for the period | 29.00 | 34.00 | 43.00 | 28.00 | 31.00 | 20.00 | 45.00 | 20.00 | 40.00 | 53.00 | 50.00 | 66.00 | 110.00 | 119.00 | 106.00 |
| Profit attributable to owners | 28.00 | 33.00 | 42.00 | 28.00 | 28.00 | 16.00 | 35.00 | 19.00 | 36.00 | 49.00 | — | — | — | — | — |
| Profit attributable to non-controlling interests | 1.00 | 1.00 | 1.00 | -0.00 | 2.00 | 5.00 | 10.00 | 1.00 | 3.00 | 4.00 | — | — | — | — | — |
| Other comprehensive income | -0.00 | -0.00 | 2.00 | -1.00 | 0.00 | 0.00 | -0.00 | -2.00 | 1.00 | -1.00 | 1.00 | 2.00 | 0.00 | 3.00 | -1.00 |
| Total comprehensive income | 29.00 | 34.00 | 45.00 | 27.00 | 31.00 | 20.00 | 45.00 | 19.00 | 40.00 | 52.00 | 51.00 | 68.00 | 111.00 | 123.00 | 105.00 |
| Earnings per share, basic | 1.88 | 1.94 | 2.43 | 1.61 | 1.60 | 0.88 | 1.97 | 1.09 | 2.04 | 2.74 | 2.79 | 3.44 | 5.33 | 5.29 | 5.19 |
| Earnings per share, diluted | 1.86 | 1.92 | 2.41 | 1.60 | 1.59 | 0.87 | 1.96 | 1.08 | 2.03 | 2.74 | 2.79 | 3.43 | 5.33 | 5.28 | 5.19 |
Annual results, as filed
| Line | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Revenue from operations | 2,048.00 | 3,154.00 | 3,787.00 | 4,819.00 |
| Other income | 44.00 | 59.00 | 49.00 | 38.00 |
| Total income | 2,092.00 | 3,212.00 | 3,836.00 | 4,857.00 |
| Cost of materials consumed | 155.00 | 2,604.00 | 2,856.00 | 3,545.00 |
| Purchases of stock-in-trade | 16.00 | 11.00 | 18.00 | 74.00 |
| Changes in inventories | -35.00 | -108.00 | 57.00 | -32.00 |
| Employee benefit expense | 106.00 | 143.00 | 191.00 | 218.00 |
| Finance costs | 22.00 | 38.00 | 58.00 | 48.00 |
| Depreciation and amortisation | 31.00 | 51.00 | 75.00 | 84.00 |
| Other expenses | 214.00 | 306.00 | 341.00 | 470.00 |
| Total expenses | 509.00 | 3,045.00 | 3,597.00 | 4,407.00 |
| Profit before exceptional items and tax | 1,583.00 | 168.00 | 239.00 | 450.00 |
| Exceptional items | 0.00 | -1.00 | -2.00 | -5.00 |
| Profit before tax | 1,583.00 | 166.00 | 237.00 | 445.00 |
| Current tax | 49.00 | 42.00 | 57.00 | 103.00 |
| Deferred tax | 7.00 | 0.00 | -4.00 | -3.00 |
| Tax expense | 56.00 | 42.00 | 53.00 | 100.00 |
| Profit for the period | 1,527.00 | 124.00 | 184.00 | 346.00 |
| Profit attributable to owners | 119.00 | 107.00 | — | — |
| Profit attributable to non-controlling interests | 4.00 | 17.00 | — | — |
| Other comprehensive income | 2.00 | -1.00 | -2.00 | 6.00 |
| Total comprehensive income | 1,529.00 | 123.00 | 182.00 | 352.00 |
| Earnings per share, basic | 7.55 | 6.06 | 9.55 | 16.94 |
| Earnings per share, diluted | 7.46 | 6.02 | 9.52 | 16.92 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 2,361.00 | 2,541.00 | 2,908.00 | 3,689.00 | 3,967.00 | 4,205.00 | 5,210.00 | 5,770.00 |
| Non-current assets | 1,335.00 | 1,288.00 | 1,385.00 | 1,413.00 | 1,257.00 | 1,264.00 | 1,306.00 | 1,620.00 |
| Current assets | 1,026.00 | 1,253.00 | 1,523.00 | 2,276.00 | 2,710.00 | 2,941.00 | 3,903.00 | 4,150.00 |
| Property, plant and equipment | 320.00 | 384.00 | 469.00 | 650.00 | 688.00 | 803.00 | 802.00 | 860.00 |
| Capital work-in-progress | 12.00 | 20.00 | 25.00 | 11.00 | 45.00 | 61.00 | 77.00 | 68.00 |
| Goodwill | 118.00 | 118.00 | 322.00 | 322.00 | 322.00 | 322.00 | 322.00 | 455.00 |
| Other intangible assets | 26.00 | 4.00 | 12.00 | 17.00 | 15.00 | 19.00 | 16.00 | 17.00 |
| Inventories | 499.00 | 587.00 | 735.00 | 1,004.00 | 1,012.00 | 822.00 | 880.00 | 1,062.00 |
| Trade receivables | 346.00 | 403.00 | 519.00 | 930.00 | 1,050.00 | 1,477.00 | 1,897.00 | 1,841.00 |
| Cash and cash equivalents | 41.00 | 46.00 | 64.00 | 78.00 | 68.00 | 81.00 | 311.00 | 192.00 |
| Total equity and liabilities | 2,361.00 | 2,541.00 | 2,908.00 | 3,689.00 | 3,967.00 | 4,205.00 | 5,210.00 | 5,770.00 |
| Equity | 1,460.00 | 1,543.00 | 1,618.00 | 1,677.00 | 1,712.00 | 1,825.00 | 2,887.00 | 3,065.00 |
| Equity share capital | 176.00 | 177.00 | 177.00 | 177.00 | 177.00 | 178.00 | 192.00 | 193.00 |
| Other equity | 1,275.00 | 1,364.00 | 1,392.00 | 1,435.00 | 1,466.00 | 1,572.00 | 2,617.00 | 2,670.00 |
| Total liabilities | 901.00 | 998.00 | 1,290.00 | 2,012.00 | 2,255.00 | 2,380.00 | 2,322.00 | 2,705.00 |
| Non-current liabilities | 49.00 | 138.00 | 177.00 | 168.00 | 179.00 | 166.00 | 155.00 | 264.00 |
| Current liabilities | 852.00 | 860.00 | 1,113.00 | 1,845.00 | 2,076.00 | 2,213.00 | 2,167.00 | 2,441.00 |
| Borrowings, non-current | 2.00 | 87.00 | 88.00 | 64.00 | 72.00 | 62.00 | 52.00 | 39.00 |
| Borrowings, current | 295.00 | 260.00 | 334.00 | 512.00 | 531.00 | 549.00 | 230.00 | 314.00 |
| Trade payables | 469.00 | 488.00 | 669.00 | 1,230.00 | 1,469.00 | 1,574.00 | 1,808.00 | 1,959.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 13.00 | 1,334.00 | -5.00 | -114.00 | 210.00 | 176.00 | -115.00 | 290.00 |
| Net cash from investing activities | -936.00 | -914.00 | -23.00 | -28.00 | -193.00 | -105.00 | -266.00 | -742.00 |
| Net cash from financing activities | 931.00 | 997.00 | 28.00 | 155.00 | -28.00 | -71.00 | 605.00 | 558.00 |
| Purchase of property, plant and equipment | 107.00 | 111.00 | 0.00 | 325.00 | 167.00 | 237.00 | 71.00 | 184.00 |
| Net increase in cash | 7.00 | 1,417.00 | -0.00 | 14.00 | -11.00 | 2.00 | 230.00 | 110.00 |
| con:CFO.BEFORE_TAX | 28.00 | 1,373.00 | 35.00 | -60.00 | 239.00 | 255.00 | -101.00 | 367.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | -22.00 | 0.00 | 0.00 | 0.00 | -12.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 15.00 | 40.00 | -24.00 | 54.00 | 29.00 | 61.00 | 25.00 | 89.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | -42.00 | 0.00 | 0.00 | -18.00 | 23.00 | 12.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 73.00 | 4.00 | 17.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 8.00 | 20.00 | 230.00 | 230.00 | 0.00 | 0.00 | 27.00 | 264.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-08-12 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 47.27 | 47.21 | 46.89 | 46.89 | 46.89 | 46.89 | 46.58 | 46.52 | 46.42 | 42.97 | 0.43 | 0.43 | 0.42 | 0.42 |
| Domestic institutions | 9.23 | 9.63 | 8.21 | 5.80 | 6.46 | 6.45 | 7.48 | 7.73 | 9.15 | 16.64 | 0.16 | 0.16 | 0.17 | 0.16 |
| Mutual funds | — | — | — | — | — | — | — | — | 6.83 | 10.71 | 0.11 | 0.10 | 0.10 | 0.10 |
| Insurance companies | 0.52 | 0.66 | 0.36 | 0.03 | 0.03 | 0.39 | 0.03 | 0.08 | 0.73 | 4.37 | 0.04 | 0.05 | 0.06 | 0.05 |
| Foreign institutions | 9.27 | 10.14 | 11.12 | 12.95 | 10.44 | 10.31 | 8.48 | 6.20 | 6.34 | 7.06 | 0.07 | 0.06 | 0.07 | 0.08 |
| Government | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 52.73 | 52.79 | 53.11 | 53.11 | 53.11 | 53.11 | 53.33 | 53.42 | 53.51 | 56.97 | 0.57 | 0.57 | 0.58 | 0.58 |
| Non-institutional | 34.23 | 33.02 | 33.77 | 34.36 | 36.22 | 36.35 | 37.37 | 39.48 | 38.03 | 33.27 | 0.34 | 0.35 | 0.34 | 0.34 |
| Shares outstanding | 176777842 | 176777842 | 177585081 | 177585081 | 177585081 | 177585081 | 178158012 | 178158012 | 178158012 | 192464163 | 192464163 | 192830485 | 192830485 | 192830485 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Ebony Electronics Private Limited | Common Director | Purchase of fixed assets | 470,000,470,000,000.00 | 2 |
| SYRMA SGS TECHNOLOGY LIMITED | Holding Company | Any other transaction, Interest paid, Loan, Purchase | 194,810,200,830,000.00 | 9 |
| SGS Tekniks Manufacturing Pvt. Ltd | Subsidiary Company | Any other transaction, Purchase of goods or services | 123,396,195,070,000.00 | 9 |
| Syrma SGS Electronics Pvt Ltd | Subsidiary Company | Interest received, Loan, Purchase of goods or servic | 73,630,348,020,000.00 | 8 |
| SGS SOLUTIONS GMBH | Subsidiary Company | Any other transaction, Purchase of goods or services | 50,935,192,990,000.00 | 8 |
| Syrma Technology Inc | Subsidiary Company | Interest received, Loan | 36,910,781,500,000.00 | 4 |
| 7e Wellness Inc | Enterprises over which Key Managem | Any other transaction, Sale of goods or services | 31,985,404,990,000.00 | 4 |
| Perfect ID India Pvt Ltd | Subsidiary Company | Advance, Any other transaction, Purchase of goods or | 19,752,632,800,000.00 | 8 |
| Syrma SGS Technology | Holding Company | Advance, Any other transaction, Purchase of goods or | 19,752,613,510,000.00 | 5 |
| Mr. SATENDRA SINGH | KMP | Remuneration | 18,652,351,650,000.00 | 2 |
| Johari Digital Healthcare INC | Subsidiary Company | Any other transaction | 13,707,685,810,000.00 | 4 |
| Tandon Holding Limited | Relative of Director | Any other transaction | 9,919,941,920,000.00 | 2 |
| TANDON HOLDINGS LIMITED | Common Director | Any other transaction | 9,900,009,900,000.00 | 2 |
| Satyendra Johari | Director | Any other transaction, Remuneration | 9,585,436,590,000.00 | 5 |
| JOHARI DIGITAL HEALTHCARE LIMITED | Subsidiary Company | Sale of goods or services | 7,646,217,650,000.00 | 2 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-04 | Q1FY27 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED | Read the call |
| 2026-05-18 | Q4FY26 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2026-02-03 | Q3FY26 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2025-11-15 | Q2FY26 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2025-07-29 | Q1FY26 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2025-05-20 | Q4FY25 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2025-02-04 | Q3FY25 | SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2024-11-04 | Q2FY25 | SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2024-05-17 | Q4FY24 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2024-02-13 | Q3FY24 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2023-11-29 | Q2FY24 | SGS TECHNOLOGY LIMITED, SYRMA SGS TECHNOLOGY LIMITED, TECHNOLOGY LIMITED | Read the call |
| 2023-08-23 | Q1FY24 | SYRMA SGS TECHNOLOGY LIMITED., TECHNOLOGY LIMITED. | Read the call |
| 2023-05-29 | Q4FY23 | Read the call | |
| 2023-02-16 | Q3FY23 | Read the call | |
| 2022-11-21 | Q2FY23 | OFFICER | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY23 | Q3FY24 | Q3FY25 | Q3FY26 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | Okay sure and what kind of a capex we have done in nine months and what is the gross book as of nine month FY2023? | Coming to the capex number, in the 9 month period, we have spent almost INR240 crores of capex towards multiple different facilities. | Coming to my capex, for this 9 months we had spent approximately 180 crores of CAPEX and largely towards building up this new campus facility in Pune … | And just one last question for the PCB manufacturer we had set out the overall capex estimate to about INR15 billion. | The capex for which we have been incurred during the full year. | Now this depreciation charge has gone up because of the capex cycle which we have undertaken, which is yet to be sweated and will give optimum operati… | During the year, we did almost INR180 crores of capex, largely towards greenfield expansion of our Pune campus facility and some bit of brownfield exp… | So PCB-related, we said that we are planning to spend approximately $90 million, which is INR800 crores of capex over the year for this multilayer lin… |
| Capital allocation | — | This will take time because railways is a long gestation business acquisition. | January 29, 2025 secondly, even if the company decides to go ahead with the QIP, will it be for the existing business or will be largely for OSAT or t… | Sir, my first question is if you could possibly spend just a couple of minutes on all the newer initiatives especially the defence acquisition since i… | Because I see that you guys have recommended a dividend this year. | May 13, 2024 dividend payout as was last year which is essentially 15% dividend. | This QIP would be used, one, if we do an inorganic acquisition, and that's what we had shared last year. | We want to update that there were certain conditions precedent, which we agreed with the sellers for the acquisition and which the seller was not able… |
| Costs | — | Can you also clarify, I think you made some comments earlier in terms of raw material cost. | — | — | — | — | — | Is there an issue in availability of raw materials? |
| Debt and cash | Yes, as an industry has lower margins but it has the fast spin-off of a higher turnaround which results in a velocity of capital and sort of the worki… | Because there is an incremental working capital investment during this period. | On the working capital side, currently, as on quarter end, we stood at around 64 days of net working capital days investments. | Overall, net working capital days investment as of December end, we are running the business at around 76 days of net working capital days investments… | Once we have a better asset turnover and the working capital involvement because the skin of the technology provider is also into it or working capita… | Net working capital has stabilized at about 70 days based on the average and about 80-odd days based on the year-end figures and we plan to bring it d… | We have generated a free cash flow of about INR176 crores. | Working capital cycle, we had said that we will endeavour to bring it down, and we have brought it down from 69 days to 63 days. |
| Demand | Sure Sir if I may just squeeze in one question, obviously we have a decent order book? | Now, coming to the order book which we have in our hand. | Coming to our open order book visibility as on date, as on December 2024, it is around 5,300 crores, which comprises almost 30% plus of contribution f… | Further capacities will be created based on the demand, which we believe would be very good and we believe that the additional capacities which we hav… | Okay, now the order book which you said, I'll take the last one because that we have an order book of about INR3,000 crores as of 31st of March 2023. | This growth will be driven on the back of strong traction and demand across automotive, electric mobility, industrial, RFID and healthcare sectors. | May 14, 2025 are witnessing is a robust demand from that. | On the order book visibility, as on March end, we have about INR600 crores of total order book visibility together, of which auto is about 29%, consum… |
| Guidance | So there was a significant headwind on the export front, but we are very confident that based on the inputs received from the customers and the inboun… | For the current year, we maintain over the guidance given earlier of achieving INR3,000 crores of revenue, with an EBITDA of approximately 7% to 7.5%. | For the 9 months FY '25, our EBITDA, operating EBITDA margin stands at 7.2% against a guidance of 7% given at the start of the year. | The construction has started, and we expect the construction to be completed by about June, July. | And we expect that the lower margins on this product are compensated by the high volumes, the efficiencies which we achieve on the line. | Coming to the future plans, we expect the growth momentum of 40-45% to be maintained in the coming year. | However, based on the guidance inputs received from our customers, we expect the exports to cross the INR1,000 crores mark. | Even if we exclude the Elcome EBITDA, it still stands at INR490-plus crores, so with the original start guidance of INR400 crores to INR490 crores of … |
| Margin | Sir my first question is with respect to your material margin which you have mentioned in the slide 11 of your presentation where consumer material ma… | For example, we have hired a CEO for our RFID business to drive this vertical, because this is a high-margin creative vertical. | On an overall basis, we are confident that we would continue to grow at the industry plus average with the margin which we have guided that is a min E… | So, this gives us the confidence that going forward, we would be able to achieve the guided figures and maybe exceed on the margin front. | So, the question is the consumer business has got a relatively lower margin than the company average. | Coming to the margins, we crossed the INR200 crores operating EBITDA mark and INR250 crores EBITDA. | As a natural corollary, this would imply or this means that our superior margin business in the Industrial, Health care, Automotive verticals would fu… | May 12, 2026 And when we look at the figures for the year gone by, it gives us a great sense of satisfaction that we have achieved EBITDA of INR545 cr… |
| People | And currently like a nine-month basis what was our utilization levels? | We have invested in hiring the leadership talent, the CEO for one of the business units, the Chief People Officer, and we are working through bridging… | New hiring and talent investment has happened. | We have seen utilization improvement between quarter 2 to quarter 3, almost 5% up. | — | So I'm saying on the gross block of FY ‘23 end, what is the utilization and whatever capitalization that we have done in FY ‘24, what is the utilizati… | — | The utilization of our people resources, utilization of our machines have gone up significantly over FY '25. |
| Pricing | — | — | So, we are structuring the business in a way so that we can maximize on the PLI side, on the benefit side and additionally then improving the overall … | — | — | — | — | — |
| Revenue growth | We would strive that the ODM contribution should be a healthy mix of 25% to 30%, 25% plus on the increased top lines. | So, this Q3 is a one-off operation on missing the revenue growth. | January 29, 2025 What is more satisfying, apart from the revenue growth, is that the steps taken by the management to bring back the margin profile of… | January 30, 2026 Going into some of our bit granular detail, what is satisfying and gives us confidence of maintaining this tempo of performance is al… | If we are planning growth of about 35%-40% So industrial would be definitely growing at -- I have not taken the order book of industrial, but I think … | The revenue growth in the current year has been led by consumer, followed by auto, followed by healthcare and industrial. | When you concentrate on high-margin verticals, which have a lot of engineering design content, the natural casualty is the top line. | And going forward, we are very confident that on the 3 critical parameters which we measure ourselves against, primarily the EBITDA, operating cash fl… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2023-11-29 | Q2FY24 | SYRMA SGS TECHNOLOGY LIMITED | Typically, the first half year of any financial year is accounting for about 45% of the global overall annual revenues and we expect that this trend would continue and we would be there with the figures which we have indicated to you. |
| 2023-11-29 | Q2FY24 | SYRMA SGS TECHNOLOGY LIMITED | And we expect these new customers, multinational customers in exports to yield a significant revenue of approximately Rs 200 crores plus in the coming year that is the financial year 2024- 2025. |
| 2023-11-29 | Q2FY24 | SYRMA SGS TECHNOLOGY LIMITED | So going forward, we expect now on a consolidated basis, on a steady-state basis we will be in the range of 25%, 26% of overall average tax for the Group. |
| 2023-11-29 | Q2FY24 | SYRMA SGS TECHNOLOGY LIMITED | We have almost a total open order book of approximately INR3,800 crores and out of which about INR3,000 crores to INR3,200 crores is what we expect we should be able to complete over next 12 months. |
| 2024-02-13 | Q3FY24 | SYRMA SGS TECHNOLOGY LIMITED | So we expect that next year will also grow in the same level as we have grown this year, which is between 40%-45%. |
| 2024-02-13 | Q3FY24 | SYRMA SGS TECHNOLOGY LIMITED | This quarter, we should be doing about INR5 crores of railways for the railway signalling equipment. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | Coming to the future plans, we expect the growth momentum of 40-45% to be maintained in the coming year. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | We expect softness in our exports in the first half of the year, but despite that we expect exports to grow by about 30% in the coming year. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | We expect annual EBITDA margins to stabilize at 7%. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | Regarding guidance for the next financial year on FY25 as Mr. Gujral has already explained, we expect the similar growth of 40%, 45% to continue into our overall revenue and with an operating EBITDA margin of approximately around 7%. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | May 13, 2024 but we expect a decent growth of about 25%, 30% in this business going forward and the management is very focused on the areas where we have to work in the Meditech business which will essentially be revolving around four, five verticals of pain and rehab, surgical, diagnostic, patient care, and some services, certification services in this business. |
| 2024-05-17 | Q4FY24 | SYRMA SGS TECHNOLOGY LIMITED | So that would be the focus of growth and we expect this business to grow at about 30% in this year and significantly higher percentage in the future years. |