In Week of Mar 28, 2026, Syrma SGS Technology Ltd (Consumer Electronics - EMS) is outperforming Nifty 500 with +22.5% relative strength. Fundamentals: Average.
Weekly presence in the outperformers list. Green = beating Nifty 500 by 10%+ that week.
Based on Q3 FY26 (ended December 31, 2025) earnings • Updated Mar 21, 2026
What: Complete integration of defense electronics business with 20-25% margins
Impact: +₹70 Cr revenue
“Elcome acquisition contributed ₹12 cr EBITDA in partial quarter; expected to generate ₹280-300 cr revenue annually at 20-25% margins”
What: In-house PCB production reducing component costs
Impact: +₹50 Cr revenue
“New PCB project on track with commissioning in Q4 FY26 and full ramp-up by Q2 FY27”
What: 66% YoY export growth accelerating to 30%+ in FY27
Impact: +₹1100 Cr revenue
“Exports grew 66% YoY to ₹335 cr; guidance to cross ₹1,100 cr in FY27”
Earnings deceleration risks from management commentary
Trigger: Continued delays in smart meter rollout
Impact: -200 bps margin impact
Management view: Revised expectation of ₹200 cr for the year vs initial ₹300 cr guidance
Monitor: Smart meter order book
Trigger: Tariffs exceeding 10% on US exports
Impact: -400 bps margin impact
Management view: Tariff uncertainties could impact future financial performance
Monitor: US trade policy developments
Key quotes from recent conference calls
“The new PCB project is on track and will strengthen our vertical integration capabilities, improving our cost structure and margins. — J.S. Gujral”
“We expect to maintain a blended EBITDA margin of 10% going forward. — J.S. Gujral”
“The company's order book visibility stands at ₹6,400 crores, with automotive contributing 31%, consumer 25%, and industrial 27%. — Management”
“The company expects to exceed ₹500 crore EBITDA for the full year, a significant jump from last year. — Management”
Forward-looking targets from management for FY27
Revenue Growth Target
30%
Implied PAT Growth
55%
OPM Guidance
10%
Capex Plan
₹1000 Cr
Key Milestones
• PCB facility ramp-up by Q2 FY27
• Export revenue > ₹1,100 cr in FY27
Revenue, profit and margin growth rates
| Metric | YoY | 3Y CAGR | Trend |
|---|---|---|---|
| Revenue | +45% | +44% | Inflection Up |
| PAT (Net Profit) | +108% | +33% | Stable |
| OPM | 13.0% | +400 bps | Volatile |
The above analysis is parsed from publicly available earnings call transcripts. This is educational research only — not investment advice. Last updated Mar 21, 2026.
Based on publicly available financial data. This is educational research, not investment advice.
Syrma SGS Technology Ltd's latest quarterly results (Dec 2025) show
Syrma SGS Technology Ltd's profit is growing with an stable trend.
Syrma SGS Technology Ltd's revenue growth trend is turning around (inflection up).
Syrma SGS Technology Ltd's operating margin is volatile.
Syrma SGS Technology Ltd's long-term compounding rates
Syrma SGS Technology Ltd's earnings growth is stable with improving on a sequential basis.
Syrma SGS Technology Ltd's trailing twelve month (TTM) performance
Syrma SGS Technology Ltd appears overvalued based on our fair value analysis.
Syrma SGS Technology Ltd's current PE ratio is 55.4x.
Syrma SGS Technology Ltd's current PE is 55.4x.
Syrma SGS Technology Ltd's price-to-book ratio is 5.6x.
Syrma SGS Technology Ltd is rated Average with a fundamental score of 50.37/100. This score is calculated from objective financial metrics
Syrma SGS Technology Ltd has a debt-to-equity ratio of N/A.
Syrma SGS Technology Ltd's return ratios over recent years
Syrma SGS Technology Ltd's operating cash flow is positive (FY2025).
Syrma SGS Technology Ltd's current dividend yield is 0.18%.
Syrma SGS Technology Ltd's shareholding pattern (Dec 2025)
Syrma SGS Technology Ltd's promoter holding has decreased recently.
Syrma SGS Technology Ltd has been outperforming Nifty 500 for 2 consecutive weeks, indicating early-stage outperformance.
Syrma SGS Technology Ltd is a re-entry — it briefly dropped off the outperformance list but has now returned. Re-entries can signal renewed strength.
Syrma SGS Technology Ltd has 3 key growth catalysts identified from recent earnings analysis
Syrma SGS Technology Ltd has 2 key risks worth monitoring
In Q3 FY26 (ended December 31, 2025), Syrma SGS Technology Ltd's management highlighted
Syrma SGS Technology Ltd's management has provided the following forward guidance for FY27
Based on quantitative research signals, here is why Syrma SGS Technology Ltd may be worth studying
Syrma SGS Technology Ltd investment thesis summary:
Syrma SGS Technology Ltd's forward outlook based on current data signals
The above FAQs are generated from publicly available earnings data and conference call transcripts. This is educational research only. Sector Alpha is not SEBI registered and does not provide investment advice.
