- Valuation
- ₹18,500 Cr
- 1-year change
- +87%

About Syrma SGS Technology Limited
Data last updated:
Syrma SGS Technology Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the electronic components and equipment manufacturing segment of the technology and IT services sector. It was incorporated on 23 August 2004 and has been in existence for over 22 years.
Syrma SGS Technology is part of the Nifty 500 and BSE 500 indices. Its director Kunal Naresh Shah is #416 among India's richest people (2026). Its director Jasbir Singh Gujral is #1,202 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L30007MH2004PLC148165. Its GSTIN is 27AAICS5745D1Z8 (Maharashtra). The company holds 7 GST registrations, all of them active. Its shares are listed on BSE: 543573 and NSE: SYRMA.
The company has an authorised share capital of ₹212.1 Cr and a paid-up capital of ₹192.83 Cr. It was formerly known as Syrma Sgs Technology Private Limited and Syrma Technology Private Limited. It is led by directors including Jasbir Singh Gujral (Managing Director) and Jayesh Nagindas Doshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 25 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Unit No. 601 6th Floor Floral Deck Pl MIDC Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹4,819.06 Cr, a growth of 27.3% compared to the previous year. For the same year it recorded a net profit of ₹322.32 Cr (net margin 6.7%) and EBITDA of ₹539.94 Cr (EBITDA margin 11.2%). The net worth stands at ₹2,862.19 Cr (up 63.6% YoY). Total assets are valued at ₹3,631.23 Cr (up 43.2% YoY).
The company has about 690 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 2 brands: SGS Tekniks and Syrma SGS. As per MCA filings, the company has open charges of ₹1,170 Cr and satisfied charges of ₹138.99 Cr on record. Court records list 18 cases involving the company, including 13 filed by the company and 5 filed against it. The company has 40 deals on record (17 market trades, 15 funding rounds, 6 secondary share transfers), with disclosed funding of ₹515.83 Cr; the latest was in November 2025. Its 4 peer companies in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Flextronics Technologies (India) Private Limited with revenue of ₹4,631.27 Cr. The company has 6 MSME Form 1 returns on record between 2020 and 2022, listing 330 overdue payments to 33 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website syrma.com.
Name History
Syrma SGS Technology has undergone 2 name changes throughout its history. The company was previously known as Syrma Sgs Technology Private Limited, and Syrma Technology Private Limited. The current legal name is Syrma Sgs Technology Limited.
| Company Name | Status |
|---|---|
| Syrma SGS Technology Limited | Current |
| Syrma Sgs Technology Private Limited | Previous |
| Syrma Technology Private Limited | Previous |
CIN History
Syrma SGS Technology has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L30007MH2004PLC148165, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L30007MH2004PLC148165 | Current |
| U30007MH2004PTC148165 | Previous |
| U30007MH2004PLC148165 | Previous |
Recognitions & Rankings of Syrma SGS Technology
- #416 Kunal Naresh Shah ₹8,900 Cr
- #1,202 Jasbir Singh Gujral ₹2,000 Cr
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 601 6th Floor Floral Deck Pl MIDC Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryInformation Technology, Electronic Components & Equipment Manufacturing
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands
Syrma SGS Technology operates two associated brands: SGS Tekniks and Syrma SGS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers contract electronic manufacturing and PCB assembling services | sgst.com | |
| Electronics design, prototyping, PCB assembly, and testing services are provided. | syrmasgs.com |
Business Activity
The main business activity of Syrma SGS Technology is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Syrma SGS Technology Limited
FY 2025-26 filings availableSyrma SGS Technology Limited reported revenue of ₹4,819.06 Cr (up 27.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,819 | 3,787 | 3,154 | 2,048 | 1,267 | 886 | 862 |
| Revenue growth | +27.3% | +20.1% | +54.0% | +61.7% | +43.0% | +2.8% | - |
| EBITDA | 540 | 300 | 201 | 192 | 129 | 102 | 130 |
| EBITDA margin | +11.2% | +7.9% | +6.4% | +9.4% | +10.2% | +11.5% | +15.0% |
| Profit before tax | 445 | 237 | 166 | 179 | 111 | 86.91 | 113 |
| Net profit | 322 | 146 | 107 | 119 | 76.28 | 68.55 | 89.18 |
| Net profit margin | +6.7% | +3.9% | +3.4% | +5.8% | +6.0% | +7.7% | +10.3% |
| EPS (₹) | 16.50 | 9.54 | 6.05 | 6.75 | 5.59 | 148.58 | 200.07 |
| Balance sheet | |||||||
| Total assets | 3,631 | 2,535 | 2,346 | 1,931 | 811 | 712 | 553 |
| Net worth | 2,862 | 1,750 | 1,613 | 1,540 | 572 | 599 | 427 |
| Total debt | 400 | 665 | 630 | 375 | 218 | 103 | 120 |
| Cash & bank | 299 | 296 | 86.63 | 54.43 | 36.91 | 72.86 | 78.00 |
| Net working capital | 1,522 | 1,234 | 915 | 551 | 335 | 266 | 209 |
| Cash flow | |||||||
| Cash from operations | 290 | 176 | (109) | (70.28) | (12.63) | 37.11 | 156 |
| Cash from investing | (736) | (103) | (9.25) | (885) | (373) | (113) | (45.71) |
| Cash from financing | 558 | (70.70) | 150 | 968 | 382 | 71.56 | (59.33) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,589 | 1,465 | 1,264 | 1,146 | 944 | 924 | 870 | 833 |
| Revenue growth (YoY) | +68.3% | +58.5% | +45.4% | +37.6% | -18.6% | - | - | - |
| Other income | 15.06 | 11.83 | 10.30 | 8.74 | 16.04 | 22.27 | 21.77 | 10.03 |
| EBITDA | 162 | 173 | 156 | 115 | 86.62 | 107 | 77.42 | 70.96 |
| EBITDA margin | +10.2% | +11.8% | +12.3% | +10.1% | +9.2% | +11.6% | +8.9% | +8.5% |
| Depreciation | 22.49 | 21.40 | 20.28 | 21.85 | 20.58 | 20.75 | 20.23 | 16.72 |
| Interest | 13.34 | 13.02 | 7.68 | 12.63 | 14.93 | 15.65 | 15.43 | 13.59 |
| Profit before tax | 141 | 150 | 138 | 89.50 | 67.15 | 93.36 | 63.53 | 50.68 |
| Tax | 35.13 | 31.15 | 28.03 | 23.15 | 17.23 | 21.92 | 10.53 | 11.04 |
| Net profit | 106 | 119 | 110 | 66.35 | 49.92 | 71.44 | 53.00 | 39.64 |
| EPS (₹) | 5.19 | 5.28 | 5.33 | 3.43 | 2.79 | 3.67 | 2.74 | 2.03 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 4,367 | 3,616 | 1,833 | 1,136 | 646 | 438 | 397 |
| Revenue growth | +20.8% | +97.2% | +61.4% | +75.7% | +47.5% | +10.4% | - |
| EBITDA | 440 | 263 | 33.09 | 82.76 | 57.95 | 48.23 | 63.76 |
| EBITDA margin | +10.1% | +7.3% | +1.8% | +7.3% | +9.0% | +11.0% | +16.1% |
| Profit before tax | 372 | 211 | 23.91 | 86.38 | 47.90 | 36.34 | 52.24 |
| Net profit | 296 | 150 | 20.98 | 54.99 | 30.46 | 28.62 | 48.35 |
| Net profit margin | +6.8% | +4.1% | +1.1% | +4.8% | +4.7% | +6.5% | +12.2% |
| EPS (₹) | 15.23 | 9.47 | 1.13 | 3.11 | 2.22 | 382.55 | 625.07 |
| Balance sheet | |||||||
| Total assets | 3,282 | 2,380 | 1,972 | 1,716 | 685 | 303 | 194 |
| Net worth | 2,962 | 1,726 | 1,442 | 1,455 | 544 | 238 | 106 |
| Total debt | 272 | 610 | 502 | 256 | 138 | 61.36 | 85.29 |
| Cash & bank | 256 | 282 | 45.59 | 36.28 | 11.20 | 30.21 | 35.17 |
| Net working capital | 1,223 | 1,115 | 482 | 237 | 111 | 108 | 91.40 |
| Cash flow | |||||||
| Cash from operations | 253 | 145 | (186) | (60.72) | 13.73 | 23.85 | 70.83 |
| Cash from investing | (709) | (60.58) | 13.85 | (861) | (387) | (94.67) | (25.57) |
| Cash from financing | 553 | (76.83) | 182 | 942 | 355 | 68.01 | (20.64) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,443 | 1,221 | 1,151 | 1,087 | 917 | 864 | 829 | 796 |
| Revenue growth (YoY) | +57.4% | +41.3% | +38.8% | +36.6% | +12.4% | - | - | - |
| Other income | 12.68 | 10.99 | 12.63 | 9.81 | 7.34 | 11.65 | 21.71 | 7.61 |
| Total expenses | 1,303 | 1,106 | 1,027 | 982 | 822 | 766 | 763 | 732 |
| EBITDA | 140 | 115 | 125 | 105 | 95.29 | 98.19 | 66.70 | 64.25 |
| EBITDA margin | +9.7% | +9.4% | +10.8% | +9.7% | +10.5% | +11.4% | +8.0% | +8.1% |
| Depreciation | 17.23 | 16.47 | 16.50 | 17.49 | 17.37 | 16.56 | 16.43 | 15.14 |
| Interest | 11.31 | 9.13 | 6.24 | 11.57 | 13.95 | 14.64 | 13.79 | 13.12 |
| Profit before tax | 124 | 99.96 | 115 | 86.13 | 71.31 | 78.64 | 58.19 | 43.60 |
| Tax | 29.95 | 19.07 | 21.28 | 20.74 | 17.54 | 17.80 | 7.87 | 8.23 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,589 | 1,465 | 1,264 | 1,146 | 944 | 924 | 870 | 833 |
| Revenue growth (YoY) | +68.3% | +58.5% | +45.4% | +37.6% | -18.6% | - | - | - |
| Other income | 15.06 | 11.83 | 10.30 | 8.74 | 16.04 | 22.27 | 21.77 | 10.03 |
| EBITDA | 162 | 173 | 156 | 115 | 86.62 | 107 | 77.42 | 70.96 |
| EBITDA margin | +10.2% | +11.8% | +12.3% | +10.1% | +9.2% | +11.6% | +8.9% | +8.5% |
| Depreciation | 22.49 | 21.40 | 20.28 | 21.85 | 20.58 | 20.75 | 20.23 | 16.72 |
| Interest | 13.34 | 13.02 | 7.68 | 12.63 | 14.93 | 15.65 | 15.43 | 13.59 |
| Profit before tax | 141 | 150 | 138 | 89.50 | 67.15 | 93.36 | 63.53 | 50.68 |
| Tax | 35.13 | 31.15 | 28.03 | 23.15 | 17.23 | 21.92 | 10.53 | 11.04 |
| Net profit | 106 | 119 | 110 | 66.35 | 49.92 | 71.44 | 53.00 | 39.64 |
| EPS (₹) | 5.19 | 5.28 | 5.33 | 3.43 | 2.79 | 3.67 | 2.74 | 2.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,819 | 3,787 | 3,154 | 2,048 | 1,267 | 886 | 862 |
| Revenue growth | +27.3% | +20.1% | +54.0% | +61.7% | +43.0% | +2.8% | - |
| Other income | 37.81 | 70.28 | 58.33 | 43.75 | 17.79 | 17.69 | 18.30 |
| Total expenses | 4,279 | 3,486 | 2,953 | 1,856 | 1,138 | 784 | 733 |
| Employee cost | 209 | 179 | 138 | 95.25 | 82.32 | 78.05 | 74.77 |
| EBITDA | 540 | 300 | 201 | 192 | 129 | 102 | 130 |
| EBITDA margin | +11.2% | +7.9% | +6.4% | +9.4% | +10.2% | +11.5% | +15.0% |
| Depreciation | 84.11 | 75.07 | 51.49 | 31.20 | 24.94 | 22.75 | 19.08 |
| Interest | 48.26 | 58.46 | 41.31 | 25.72 | 10.76 | 9.67 | 15.39 |
| Profit before tax | 445 | 237 | 166 | 179 | 111 | 86.91 | 113 |
| Tax | 99.57 | 52.62 | 42.10 | 55.62 | 34.33 | 21.29 | 21.85 |
| Net profit | 322 | 146 | 107 | 119 | 76.28 | 68.55 | 89.18 |
| Net profit margin | +6.7% | +3.9% | +3.4% | +5.8% | +6.0% | +7.7% | +10.3% |
| EPS (₹) | 16.50 | 9.54 | 6.05 | 6.75 | 5.59 | 148.58 | 200.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 193 | 178 | 177 | 177 | 138 | 4.62 | 9.23 |
| Reserves & surplus | 2,670 | 1,572 | 1,435 | 1,364 | 434 | 595 | 418 |
| Shareholders' funds (net worth) | 2,862 | 1,750 | 1,613 | 1,540 | 572 | 599 | 427 |
| Minority interest | 203 | 74.86 | 64.42 | 2.62 | 10.84 | 0.55 | 0.19 |
| Secured loans | 343 | 611 | 576 | 347 | 191 | 82.40 | 91.26 |
| Unsecured loans | 56.49 | 53.43 | 53.58 | 27.89 | 27.01 | 20.54 | 29.19 |
| Total debt | 400 | 665 | 630 | 375 | 218 | 103 | 120 |
| Total liabilities | 3,631 | 2,535 | 2,346 | 1,931 | 811 | 712 | 553 |
| Assets | |||||||
| Gross block | 1,801 | 1,363 | 1,223 | 627 | 441 | 332 | 315 |
| Net block | 1,458 | 1,144 | 1,075 | 532 | 378 | 292 | 296 |
| Capital work in progress | 71.81 | 65.56 | 16.83 | 25.32 | 40.80 | 0.02 | 1.20 |
| Investments | 547 | 59.39 | 41.87 | 84.04 | 41.01 | 132 | 30.08 |
| Inventories | 1,062 | 822 | 1,004 | 587 | 291 | 179 | 142 |
| Sundry debtors | 1,841 | 1,477 | 930 | 402 | 272 | 208 | 180 |
| Cash & bank balances | 299 | 296 | 86.63 | 54.43 | 36.91 | 72.86 | 78.00 |
| Loans & advances | 439 | 294 | 220 | 106 | 64.51 | 46.67 | 37.66 |
| Total current assets | 3,640 | 2,890 | 2,241 | 1,150 | 665 | 507 | 438 |
| Total current liabilities | 2,119 | 1,656 | 1,326 | 598 | 330 | 241 | 229 |
| Net working capital | 1,522 | 1,234 | 915 | 551 | 335 | 266 | 209 |
| Total assets | 3,631 | 2,535 | 2,346 | 1,931 | 811 | 712 | 553 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 80.86 | 78.38 | 46.49 | 33.41 | 63.30 | 67.31 | 16.55 |
| Net cash from operating activities | 290 | 176 | (109) | (70.28) | (12.63) | 37.11 | 156 |
| Net cash from investing activities | (736) | (103) | (9.25) | (885) | (373) | (113) | (45.71) |
| Net cash from financing activities | 558 | (70.70) | 150 | 968 | 382 | 71.56 | (59.33) |
| Net change in cash | 111 | 2.47 | 31.89 | 13.08 | (3.93) | (4.01) | 50.76 |
| Closing cash | 299 | 296 | 86.63 | 54.43 | 36.91 | 72.86 | 78.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +27.3% | +20.1% | +54.0% | +61.7% | +43.0% | +2.8% | - |
| EBITDA growth | +79.8% | +49.5% | +4.7% | +49.1% | +26.6% | -21.5% | - |
| PBT growth | +87.9% | +42.4% | -6.9% | +61.3% | +27.5% | -23.3% | +9997.0% |
| Net income growth | +121.1% | +36.6% | -10.1% | +55.6% | +11.3% | -23.1% | - |
| Revenue CAGR (3Y) | +33.0% | +44.1% | +52.7% | +33.4% | - | - | - |
| EBITDA CAGR (3Y) | +41.2% | +32.6% | +25.5% | +14.0% | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +7.2% | +4.9% | +3.9% | +6.0% | +6.0% | +7.4% | +10.6% |
| Return on capital employed | +16.8% | +12.5% | +9.9% | +15.0% | +16.1% | +15.3% | +23.3% |
| Return on net worth | +15.0% | +11.0% | +7.9% | +11.7% | +13.1% | +12.8% | +21.6% |
| Debt / equity | 0.23 | 0.38 | 0.32 | 0.28 | 0.27 | 0.22 | 0.28 |
| Long-term debt / equity | 0.04 | 0.06 | 0.07 | 0.07 | 0.05 | 0.07 | 0.09 |
| Interest cover | 10.59 | 25.95 | 27.65 | 16.01 | 10.37 | 12.26 | 13.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.05 | 2.93 | 3.41 | 3.84 | 3.27 | 2.74 | 2.74 |
| Inventory turnover | 5.12 | 4.15 | 3.96 | 4.66 | 5.39 | 5.52 | 6.07 |
| Debtors turnover | 2.90 | 3.15 | 4.73 | 6.07 | 5.27 | 4.56 | 4.78 |
| EPS (₹) | 16.50 | 9.54 | 6.05 | 6.75 | 5.59 | 148.58 | 200.07 |
| Dividend per share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 148.59 | 98.29 | 90.89 | 87.13 | 41.57 | 1,298.07 | 925.17 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,443 | 1,221 | 1,151 | 1,087 | 917 | 864 | 829 | 796 |
| Revenue growth (YoY) | +57.4% | +41.3% | +38.8% | +36.6% | +12.4% | - | - | - |
| Other income | 12.68 | 10.99 | 12.63 | 9.81 | 7.34 | 11.65 | 21.71 | 7.61 |
| Total expenses | 1,303 | 1,106 | 1,027 | 982 | 822 | 766 | 763 | 732 |
| EBITDA | 140 | 115 | 125 | 105 | 95.29 | 98.19 | 66.70 | 64.25 |
| EBITDA margin | +9.7% | +9.4% | +10.8% | +9.7% | +10.5% | +11.4% | +8.0% | +8.1% |
| Depreciation | 17.23 | 16.47 | 16.50 | 17.49 | 17.37 | 16.56 | 16.43 | 15.14 |
| Interest | 11.31 | 9.13 | 6.24 | 11.57 | 13.95 | 14.64 | 13.79 | 13.12 |
| Profit before tax | 124 | 99.96 | 115 | 86.13 | 71.31 | 78.64 | 58.19 | 43.60 |
| Tax | 29.95 | 19.07 | 21.28 | 20.74 | 17.54 | 17.80 | 7.87 | 8.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 4,367 | 3,616 | 1,833 | 1,136 | 646 | 438 | 397 |
| Revenue growth | +20.8% | +97.2% | +61.4% | +75.7% | +47.5% | +10.4% | - |
| Other income | 40.77 | 66.74 | 52.79 | 37.07 | 8.25 | 6.18 | 7.81 |
| Total expenses | 3,927 | 3,353 | 1,800 | 1,053 | 588 | 390 | 333 |
| Employee cost | 146 | 133 | 70.59 | 53.56 | 40.20 | 26.24 | 23.84 |
| EBITDA | 440 | 263 | 33.09 | 82.76 | 57.95 | 48.23 | 63.76 |
| EBITDA margin | +10.1% | +7.3% | +1.8% | +7.3% | +9.0% | +11.0% | +16.1% |
| Depreciation | 67.83 | 63.23 | 32.04 | 17.13 | 13.09 | 12.07 | 9.70 |
| Interest | 40.88 | 54.80 | 29.93 | 16.32 | 5.21 | 6.00 | 9.63 |
| Profit before tax | 372 | 211 | 23.91 | 86.38 | 47.90 | 36.34 | 52.24 |
| Tax | 78.61 | 42.63 | 3.87 | 31.36 | 17.29 | 7.72 | 8.35 |
| Net profit | 296 | 150 | 20.98 | 54.99 | 30.46 | 28.62 | 48.35 |
| Net profit margin | +6.8% | +4.1% | +1.1% | +4.8% | +4.7% | +6.5% | +12.2% |
| EPS (₹) | 15.23 | 9.47 | 1.13 | 3.11 | 2.22 | 382.55 | 625.07 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 193 | 178 | 177 | 177 | 138 | 1.79 | 5.36 |
| Reserves & surplus | 2,769 | 1,548 | 1,264 | 1,278 | 406 | 236 | 101 |
| Shareholders' funds (net worth) | 2,962 | 1,726 | 1,442 | 1,455 | 544 | 238 | 106 |
| Secured loans | 246 | 580 | 474 | 248 | 133 | 56.12 | 66.60 |
| Unsecured loans | 26.06 | 30.35 | 28.51 | 8.28 | 4.96 | 5.24 | 18.69 |
| Total debt | 272 | 610 | 502 | 256 | 138 | 61.36 | 85.29 |
| Total liabilities | 3,282 | 2,380 | 1,972 | 1,716 | 685 | 303 | 194 |
| Assets | |||||||
| Gross block | 1,133 | 989 | 553 | 297 | 149 | 106 | 105 |
| Net block | 874 | 796 | 474 | 248 | 114 | 81.37 | 86.48 |
| Capital work in progress | 37.46 | 55.72 | 10.14 | 25.25 | 39.93 | 0.00 | 0.43 |
| Investments | 1,065 | 327 | 678 | 461 | 404 | 88.74 | 0.00 |
| Inventories | 919 | 772 | 672 | 348 | 115 | 77.08 | 68.23 |
| Sundry debtors | 1,596 | 1,411 | 705 | 230 | 172 | 128 | 116 |
| Cash & bank balances | 256 | 282 | 45.59 | 36.28 | 11.20 | 30.21 | 35.17 |
| Loans & advances | 394 | 275 | 183 | 74.12 | 40.71 | 29.67 | 24.19 |
| Total current assets | 3,165 | 2,741 | 1,605 | 688 | 338 | 265 | 244 |
| Total current liabilities | 1,943 | 1,626 | 1,123 | 451 | 227 | 156 | 153 |
| Net working capital | 1,223 | 1,115 | 482 | 237 | 111 | 108 | 91.40 |
| Total assets | 3,282 | 2,380 | 1,972 | 1,716 | 685 | 303 | 194 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 67.95 | 60.17 | 29.15 | 8.83 | 27.96 | 30.77 | 6.15 |
| Net cash from operating activities | 253 | 145 | (186) | (60.72) | 13.73 | 23.85 | 70.83 |
| Net cash from investing activities | (709) | (60.58) | 13.85 | (861) | (387) | (94.67) | (25.57) |
| Net cash from financing activities | 553 | (76.83) | 182 | 942 | 355 | 68.01 | (20.64) |
| Net change in cash | 96.79 | 7.79 | 10.13 | 20.32 | (19.13) | (2.81) | 24.62 |
| Closing cash | 256 | 282 | 45.59 | 36.28 | 11.20 | 30.21 | 35.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +20.8% | +97.2% | +61.4% | +75.7% | +47.5% | +10.4% | - |
| EBITDA growth | +67.6% | +693.5% | -60.0% | +42.8% | +20.2% | -24.4% | - |
| PBT growth | +76.1% | +783.6% | -72.3% | +80.3% | +31.8% | -30.4% | +91.5% |
| Net income growth | +98.1% | +612.7% | -61.9% | +80.5% | +6.4% | -40.8% | - |
| Revenue CAGR (3Y) | +56.7% | +77.5% | +61.1% | +41.9% | +22.2% | - | - |
| EBITDA CAGR (3Y) | +74.5% | +65.5% | -11.8% | +9.1% | +11.4% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +6.7% | +4.7% | +1.1% | +4.9% | +4.7% | +6.5% | +11.1% |
| Return on capital employed | +14.6% | +12.2% | +2.9% | +8.6% | +10.8% | +17.0% | +37.9% |
| Return on net worth | +12.5% | +10.7% | +1.4% | +5.5% | +7.8% | +16.9% | +60.9% |
| Debt / equity | 0.19 | 0.35 | 0.26 | 0.20 | 0.25 | 0.43 | 1.03 |
| Long-term debt / equity | 0.02 | 0.04 | 0.05 | 0.05 | 0.05 | 0.16 | 0.35 |
| Interest cover | 10.99 | 27.49 | 2,850.48 | 24.87 | 11.61 | 16.59 | 17.81 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.12 | 4.69 | 4.31 | 5.09 | 5.07 | 4.16 | 3.97 |
| Inventory turnover | 5.16 | 5.00 | 3.59 | 4.91 | 6.74 | 6.03 | 6.02 |
| Debtors turnover | 2.90 | 3.42 | 3.92 | 5.66 | 4.31 | 3.59 | 3.68 |
| EPS (₹) | 15.23 | 9.47 | 1.13 | 3.11 | 2.22 | 382.55 | 625.07 |
| Dividend per share (₹) | 1.50 | 1.50 | 1.50 | 1.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 153.75 | 96.96 | 81.25 | 82.31 | 39.52 | 3,170.20 | 1,448.79 |
Board of Directors of Syrma SGS Technology Limited
Syrma SGS Technology has 9 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
Peer Comparison
Syrma SGS Technology Limited is compared with the companies closest to it by revenue in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Syrma SGS Technology Limited this company | ₹4,819.06 Cr (FY 2026) | •••• | •••• | 27.3% | •••• | Mumbai, Maharashtra, India |
| Flextronics Technologies (India) Private Limited | ₹4,631.27 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Sandavellure C Village, Tamil Nadu, India |
| Honeywell Automation India Limited Listed | ₹4,371.7 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Pune, Maharashtra, India |
| Competition Team Technology (India) Private Limited | ₹3,197.46 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Sriperumbudur, Tamil Nadu, India |
| Kaynes Technology India Limited Listed | ₹2,828.72 Cr (FY 2025) | •••• | •••• | 52.0% | •••• | Mysore, Karnataka, India |
Peers are the companies nearest to Syrma SGS Technology by revenue, above and below it, in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Syrma SGS Technology Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Deloitte Haskins & Sells LLP | Locked | Locked | Locked |
: available in the company report
Shareholding Pattern
Shareholding for the quarter ended Sep 2026: promoters hold 42.30%, foreign institutional investors hold 7.50%, domestic institutional investors hold 15.90% and retail and other public shareholders hold 34.30%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 42.30% | 42.30% | 42.70% | 43.00% |
| Public | 57.70% | 57.70% | 57.30% | 57.00% |
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 May 2025 | Others | ₹125 Cr | Open |
| 27 Dec 2024 | Others | ₹90 Cr | Open |
| 20 May 2024 | Yes Bank Limited | ₹60 Cr | Open |
| 08 Jun 2023 | Axis Bank Limited | ₹30 Cr | Open |
| 14 Mar 2023 | Axis Bank Limited | ₹100 Cr | Open |
Total charge records: 18 View all charges
Deals & Funding
Syrma SGS Technology Limited has 40 deals on record (17 market trades, 15 funding rounds, 6 secondary share transfers), with disclosed funding of ₹515.83 Cr; the latest was in November 2025.
Deals on record (5 of 40)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2025 | Market trade | ₹91.25 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Nov 2025 | Market trade | ₹111.57 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Aug 2025 | QIP | ₹1,000 Cr | Investors: HDFC Life Insurance Company Limited , Tata Aia Life Insurance Company Limited , Axis Mutual Fund Trustee Limited |
| Jan 2025 | Market trade | ₹57.92 Cr | Buyer: Graviton Research Capital LLP Seller: Graviton Research Capital LLP |
| Oct 2024 | Market trade | ₹156.48 Cr | Buyer: Graviton Research Capital LLP , Aakraya Research LLP Seller: Graviton Research Capital LLP , Aakraya Research LLP |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Syrma SGS Technology Limited has 18 court cases on record: 13 filed by Syrma SGS Technology, 5 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 0 |
| NCLT | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
| Supreme Court | 2 | 0 | 0 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed against the company by Quadraguard Security India P Ltd., Rep by Its Director, S.Selvaraj, | Disposed |
| High Court of Delhi | Court case (CO.APP.) | Filed against the company by Powerwave Technologies India Private Limited | Disposed |
| High Court of Delhi | Court case (CO.PET.) | Filed by the company against M/S Powerwave Technologies India Pvt Ltd | Disposed |
| NCLT, Mumbai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| Supreme Court | Court case (1101-Arbitration Matters : Arbitration Petitions under Section 11 of Arbitration & Conciliation Act, 1996) | Filed by the company against Aptos Technology Inc. | Disposed |
: available in the company report
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays
Syrma SGS Technology Limited has 6 MSME Form 1 returns on record between 2020 and 2022, listing 330 overdue payments to 33 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hiflo Solders Private Limited | •••• | •••• | •••• |
| Maxim Smt Technologies Private Limited | •••• | •••• | •••• |
| Asahitec Stencils Private Limited | •••• | •••• | •••• |
| Sunchem Marketing Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Syrma SGS Technology Limited has a workforce of 690 employees as of Apr 10, 2024.
: available in the company report
Group Structure
Syrma SGS Technology has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Syrma Sgs Technology And Engineering Services Limited | U26109HR2023PLC110135 | - |
| Syrma Sgs Electronics Private Limited | U26109HR2023PTC109688 | - |
| Syrma Sgs Design And Manufacturing Private Limited | U26109HR2023PTC110154 | - |
| Sgs Tekniks Manufacturing Private Limited | U31501HR2011PTC044475 | - |
| Perfect Id India Private Limited | U32109TN2015PTC102955 | - |
Showing major subsidiaries. Total: 5.
Recent Activity
Syrma SGS Technology Limited has 23 board changes on record since 2012: 17 appointments and 6 cessations. The latest: Jaideep Tandon ceased to be Director on 26 Sep 2025.
49 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Syrma SGS Technology has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS5745D1Z8 | Maharashtra | Active | 26 Jul 2017 |
| 33AAICS5745D1ZF | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAICS5745D2ZE | Tamil Nadu | Active | 01 Jul 2017 |
| 29AAICS5745D1Z4 | Karnataka | Active | 26 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Related news
Frequently Asked Questions
Syrma SGS Technology is an active public limited company based in Mumbai, Maharashtra, India. The company works in electronic components and equipment manufacturing, within the information technology industry. It was incorporated on 23 August 2004 (22+ years old) and is registered under CIN L30007MH2004PLC148165. Listed on BSE: 543573 and NSE: SYRMA.
Syrma SGS Technology reported revenue of ₹4,819.06 Cr for FY 2025-26 (up 27.3% YoY) based on consolidated financials.
Syrma SGS Technology has 9 current directors:
- Jasbir Singh Gujral - Managing Director
- Jayesh Nagindas Doshi - Whole-Time Director
- Sandeep Tandon - Whole-Time Director
- Kunal Naresh Shah - Director
- Bharat Anand - Director
- Smita Jatia - Director
- Hetal Madhukant Gandhi - Director
- Anil Govindan Nair - Director
- Sudeep Tandon - Director
The latest financial statements of Syrma SGS Technology on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Syrma SGS Technology is 27AAICS5745D1Z8, registered in Maharashtra. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 33AAICS5745D1ZF (Tamil Nadu), 33AAICS5745D2ZE (Tamil Nadu), 29AAICS5745D1Z4 (Karnataka).
The CIN (Corporate Identification Number) of Syrma SGS Technology is L30007MH2004PLC148165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Syrma SGS Technology is listed on both BSE (code: 543573) and NSE (symbol: SYRMA).
Syrma SGS Technology has 18 court cases on record: 13 filed by the company and 5 filed against it. Most are in the high courts.
Syrma SGS Technology was incorporated on 23 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Syrma SGS Technology has 40 deals on record (17 market trades, 15 funding rounds, 6 secondary share transfers), with disclosed funding of ₹515.83 Cr; the latest was in November 2025.
The peers of Syrma SGS Technology by revenue are Flextronics Technologies (India) Private Limited, Honeywell Automation India Limited, Competition Team Technology (India) Private Limited, Kaynes Technology India Limited, all in the Information Technology industry (Electronic Equipment and Components Manufacturing), with the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).
Jaideep Tandon ceased to be Director on 26 Sep 2025. Bhabagrahi Pradhan was appointed as Company Secretary on 25 Aug 2025. Komal Malik ceased to be Company Secretary on 30 Jul 2025. Syrma SGS Technology has 23 board changes on record in total.