SYRMA SGS TECHNOLOGY LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 400.8 INR | +0.62% |
|
-15.42% | -40.39% |
| 05-13 | Jefferies Adjusts Syrma SGS Technology's Price Target to INR585 From INR640, Keeps at Buy | MT |
| 05-10 | Syrma SGS Technology Limited Proposes Final Dividend | CI |
Valuation
| Fiscal Period: März | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Capitalization 1 | 46,413 | 70,732 | - | - |
| Enterprise Value (EV) 1 | 46,413 | 82,648 | 74,347 | 75,485 |
| P/E ratio | 35 x | 77.3 x | 45.7 x | 29.7 x |
| Yield | - | 0.35% | 0.43% | 0.56% |
| Capitalization / Revenue | 2.27 x | 2.62 x | 1.62 x | 1.2 x |
| EV / Revenue | 2.27 x | 2.62 x | 1.7 x | 1.28 x |
| EV / EBITDA | 24.7 x | 38.4 x | 24.6 x | 17.7 x |
| EV / FCF | -24.6 x | -38.3 x | -184 x | -168 x |
| FCF Yield | -4.07% | -2.61% | -0.54% | -0.59% |
| Price to Book | 3.01 x | 4.27 x | 4.01 x | 3.52 x |
| Nbr of stocks (in thousands) | 176,778 | 177,585 | - | - |
| Reference price 2 | 262.6 | 398.3 | 398.3 | 398.3 |
| 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 | 43,724 | 58,779 |
| EBITDA 1 | - | 1,878 | 2,154 | 3,018 | 4,260 |
| EBIT 1 | - | 1,566 | 1,639 | 2,337 | 3,498 |
| Operating Margin | - | 7.64% | 5.2% | 5.35% | 5.95% |
| Earnings before Tax (EBT) 1 | - | 1,787 | 1,664 | 2,338 | 3,477 |
| Net income 1 | 555.4 | 1,193 | 1,073 | 1,543 | 2,373 |
| Net margin | - | 5.83% | 3.4% | 3.53% | 4.04% |
| EPS 2 | 4.940 | 7.500 | 6.020 | 8.715 | 13.41 |
| Free Cash Flow 1 | - | -1,887 | -1,857 | -404.2 | -448.8 |
| FCF margin | - | -9.21% | -6.21% | -0.92% | -0.76% |
| 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: März | 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: März | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net Debt 1 | - | - | 317 | 3,615 | 4,753 |
| Net Cash position 1 | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | 0.1519 x | 1.198 x | 1.116 x |
| Free Cash Flow 1 | - | -1,887 | -1,857 | -404 | -449 |
| ROE (net income / shareholders' equity) | - | 11.3% | 7.63% | 9.04% | 12.7% |
| ROA (Net income/ Total Assets) | - | - | 4.5% | 4.13% | 6.42% |
| Assets 1 | - | - | 27,428 | 37,330 | 36,984 |
| Book Value Per Share 2 | - | 87.10 | 93.30 | 99.40 | 113.0 |
| Cash Flow per Share 2 | - | - | 3.850 | 3.870 | 3.030 |
| Capex 1 | - | 1,184 | 3,823 | 1,687 | 1,567 |
| Capex / Sales | - | 5.78% | 12.78% | 3.86% | 2.67% |
| 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
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
20
Last Close Price
398.3
INR
Average target price
506.6
INR
Spread / Average Target
+27.20%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -40.39% | 850M | |
| +32.93% | 79.26B | |
| +64.11% | 73.54B | |
| -3.83% | 34.23B | |
| -7.81% | 30.47B | |
| -9.40% | 13.93B | |
| -7.26% | 10.47B | |
| +11.21% | 9.88B | |
| -8.47% | 9.76B | |
| +34.00% | 8.7B |
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