NSE/SYRMA

SYRMASyrma SGS Technology Ltd

Capital Goods · NSE

₹978.1+0.97%

52-wk low52-WEEK RANGE52-wk high

₹433.2+125.8% from low ·0.0% from high₹978.1

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

SYRMA+125.78% · 1Y

Range high ₹993Range low ₹421.45Latest ₹978.1252 bars · daily-close · NSE bhavcopy + 10Y history

Capital GoodsMidcap

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite33/100

Performance

—

Not enough price history to score.

Valuation

High

Looks expensive vs the sector.

· P/E 63.7 — 25% above sector median 50.8

Growth

High

Growing faster than the broader market.

· Revenue YoY +20.1% — strong top-line
· Profit YoY +58.3% — strong earnings growth

Profitability

Low

Profitability is a concern.

· Net margin 4.5% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeB(68/100)

Durability

78/100

Financially resilient — strong quality + solvency profile.

Show 3 drivers

Piotroski F-score6/8 (75pt)
Altman Z" score1.87 (66pt)
Debt/Equity0.12 (100pt)

Valuation

38/100

Trading at a premium — growth must keep delivering to justify.

Show 4 drivers

P/E vs sector (63.7 / 50.8)125% (45pt)
P/B6.48 (70pt)
Dividend yield0.15% (4pt)
EV/EBITDA40.9 (0pt)

Momentum

A+

89/100

Strong, confirmed momentum across price + technicals.

Show 4 drivers

DMA-trend alignmentstrong up (100pt)
RSI (14)75.5 (65pt)
Price vs 200-DMA+26.8% (100pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)63.67

FAIR

CheapestP/E 63.7 near sector median.Most expensive

P/B6.48

FAIR

CheapestP/B 6.48 at 55th %ile of sector.Most expensive

EV/EBITDA40.91

OVERVALUED

Monthly seasonality

Avg monthly return over 4 years · historical — not a forecast

Best: May +15.74% · Worst: Jan -6.46%

Jan

-6.5%

25% win

Feb

-5.7%

50% win

Mar

-1.8%

25% win

Apr

+11.2%

100% win

May

+15.7%

67% win

Jun

+7.6%

Monthly return distribution

Distribution of 44 monthly returns

Mean

+3.31%

Median

+2.15%

Std dev

11.85%

Best

+33.3%

Worst

-22.2%

% positive

59%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 2

Lean balance sheet (D/E 0.12)
Low leverage means earnings are less sensitive to rate cycles
Consistent top-line growth (54.2% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake

WEAKNESSES · 1

Premium to sector on P/E (+25%)
P/E 63.7 vs Capital Goods median 50.8

OPPORTUNITIES · 1

Strong uptrend — DMA stack bullish
Price > 20-DMA > 50-DMA > 200-DMA: momentum tailwind intact

THREATS · 1

RSI overbought at 76
Above 75 often precedes consolidation or short-term pullbacks

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+1.0%

+12.6%

+35.0%

+32.7%

+21.6%

+125.0%

+52.9%

+37.0%

10Y

—

Fundamentals

VALUATION

Market cap

₹18,844 Cr

P/E (TTM)

63.7

P/E (fwd)

—

next 12m

P/B

6.48

EV/EBITDA

40.9

Book value

—

per share

PROFITABILITY · QUALITY

ROE

—

ROCE

—

Net margin

4.5%

Op margin

—

Gross margin

—

D/E

0.12

GROWTH · MARKET

Rev YoY

+20.1%

Profit YoY

+58.3%

Div yield

0.15%

Payout

—

52w change

—

Beta

—

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 5

+Revenue growing at +20.1% YoYGrowth-category territory — implies market-share gains or market expansion
+Profit growing fast (+58.3% YoY)Operating leverage kicking in — bottom line out-growing top line
+3-year revenue CAGR of 54.2%Sustained multi-year growth — not a one-quarter flash
+3-year profit CAGR of 45.2%Consistently compounding earnings — the Buffett playbook
+Nearly debt-free (D/E 0.12)Low financial risk — funds growth from internal accruals, resilient in downturns

CONS · 2

−Trades at a premium to sector on P/EP/E 63.7 vs Capital Goods median 50.8 — priced for more growth than peers
−Very high absolute P/E (64x)

Sector-relative context

Capital Goods · 22 peers

P/E (TTM)

This stock

63.67

Sector median

50.82

Rank 14/22 (41th %ile)

ROE

This stock

—

Sector median

15.5%

—

P/B

This stock

6.48

Sector median

6.90

Rank 12/22 (50th %ile)

Quality score · Piotroski F-score

6 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✓

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

GREY1.87

Z″ = 1.87 — GREY zone. Not flagged as distressed, but watch the weakest input component below.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.100	×6.56	0.656
Retained Earnings / Total Assets (B)	0.127	×3.26	0.413
EBIT / Total Assets (C)	0.068	×6.72	0.455
Book Equity / Total Liabilities (D)	0.326	×1.05	0.342

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. Working capital proxied from reported cash + 10% buffer (exact 'current assets − current liabilities' line not ingested). Treat as directional.

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	870	854	944	1,146	1,264
Operating profit	—	59	96	66	93	139
OPM %	—	6.8%	11.2%	7.0%	8.2%	11.0%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	1,013	2,010	3,130	3,716
Operating profit	78	162	151	249
OPM %	7.7%	8.1%	4.8%	6.7%
Interest	5	20	37	54
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
SYRMATHIS Syrma SGS Technology Limited	₹978.1	+97.1%	18,844	63.7	6.48	—	0.12	+20.1%
ABB ABB India Limited	₹7,029.5	+24.9%	1,51,693	90.9	19.36	22.4%	0.01	+5.7%
CUMMINSIND Cummins India Limited	₹5,140.9	+76.4%	1,42,614	63.7	18.06	28.3%	0.00	+16.0%
SIEMENS Siemens Limited	₹3,707.9	+31.2%	1,32,085	78.2	9.98	11.8%	—	+14.0%
CGPOWER CG Power and Industrial Solutions Limited	₹774.8	+19.1%	1,25,316	110.4	16.80	15.2%	0.01	+26.2%
POLYCAB Polycab India Limited	₹8,182.5	+51.2%	1,23,852	47.2	11.03	26.0%	0.02	+24.2%
BHEL Bharat Heavy Electricals Limited	₹316.79	+39.4%	1,14,769	140.9	4.69	3.3%	0.45	+18.6%
HAVELLS Havells India Limited	₹1,306.4	-20.7%	81,675	55.1	9.41	17.1%	0.03	+14.3%
DIXON Dixon Technologies (India) Limited	₹11,371.5	-28.1%	68,387	41.1	15.02	36.5%	0.30	+119.7%

ASK AXEL

Dig deeper into SYRMA

Axel can fetch latest news, peer valuation, consensus estimates, insider activity, and concall commentary for SYRMA — all in one sourced reply.

Ask free in chat

Run these tools on SYRMA

Historical return →

"If I had bought SYRMA in year X"

Rolling returns →

Worst/best 1/3/5/7/10-yr windows

Buy-the-dip backtester →

Dip-buying vs SIP on SYRMA

Brokerage + charges →

All-in cost for trading SYRMA

Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	3.64	5.47	+50.3%
-2q	2.88	3.43	+19.1%
-3q	2.23	2.79	+25.4%
-4q	3.67	3.67	-0.1%

Date	Amount
2025-09-19	₹1.50
2024-09-10	₹1.50
2023-09-01	₹1.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	138	177	177	178
Reserves	146	285	369	502
Borrowings	218	375	630	665
Other liabilities	—	—	4	7
Total liabilities	1,154	2,543	3,689	4,205
Fixed assets	318	433	759	865
CWIP	60	22	22	62
Investments	4	6	6	8
Other assets	—	-0	0	0
Total assets	1,154	2,543	3,689	4,205

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	15	-70	-109	176
CF Investing	-394	-886	-28	-105
CF Financing	359	968	150	-71
Net cash flow	5	13	32	2
Free cash flow	-70	-189	-447	-69

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	6.7%	4.8%	8.1%	7.7%
Net margin %	4.6%	3.4%	5.9%	5.5%
ROE %	27.7%	21.3%	32.0%	19.6%
ROCE %	23.1%	20.3%	29.8%	17.1%
Debt / Equity	0.98	1.15	0.81	0.77
Interest coverage	5.4×	5.5×	9.7×	16.6×
Revenue growth YoY	+18.7%	+55.7%	+98.3%	—
Profit growth YoY	+58.3%	-10.0%	+114.8%	—

SYRMASyrma SGS Technology Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Peer comparison · Capital Goods

Ask Axel about SYRMA

Recent news

Dig deeper into SYRMA

Run these tools on SYRMA

Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Recent news

Balance sheet

Cash flow statement

Ratios

Peer comparison · Capital Goods