Syrma SGS Technology Ltd

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SYRMA •
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
25.52% Fall from 52W High
-4.6
TTM PE Ratio
High in industry
81.3
Price to Book Ratio
Below industry Median
6
Dividend yield 1yr %
Below industry Median
0.3
TTM PEG Ratio
PEG TTM is much higher than 1
3.6
RSI
RSI is mid-range
40.1
MFI
MFI is mid-range
36.2

Syrma SGS Technology Ltd Key Financials

*All values are in ₹ Cr.

Syrma SGS Technology Ltd shareholding Pattern

Promoter
46.9%
Foreign Institutions
11.1%
Mutual Funds
5.2%
Domestic Institutions
8.2%
Public
33.8%

Syrma SGS Technology Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
6
Bearish Moving Averages
10
5Day EMA
516.70
10Day EMA
519.40
12Day EMA
522.30
20Day EMA
536.30
26Day EMA
545.80
50Day EMA
567.10
100Day EMA
565.70
200Day EMA
518.40
Delivery & Volume
Resistance & Support
521.28
Pivot
Resistance
First Resistance
532.27
Second Resistance
539.33
Third Resistance
550.32
Support
First Support
514.22
Second support
503.23
Third Support
496.17
Relative Strength Index
40.14
Money Flow Index
36.16
MACD
-23.54
MACD Signal
-25.56
Average True Range
20.98
Average Directional Index
46.68
Rate of Change (21)
-11.78
Rate of Change (125)
6.31

Syrma SGS Technology Ltd Company background

Founded in: 2004
Syrma SGS Technology Limited was incorporated as Syrma Technology Private Limited on August 23, 2004, by the RoC in Mumbai. The name of Company was changed to Syrma SGS Technology Private Limited, and consequently, a fresh Certificate of Incorporation on September 14, 2021, was issued by the RoC to Company. Thereafter, Company converted from a Private Company to Public Company, on October 6, 2021, and the name was changed to Syrma SGS Technology Limited, vide a fresh Certificate of Incorporation on October 20, 2021, was issued to the Company by RoC.The Company, founded in 1978 by industry pioneers (Tandon family), is located in San Jose (California), and Chennai (India), developing quality technology products. It is one of Indias leading exporters of electronics, providing a highvalue integrated design and production solution for internationally recognized OEMs. The Company is a technologyfocused engineering and design Company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse enduse industries. At present, it operates through 11 manufacturing facilities spread across Tamil Nadu, Karnataka, Himachal Pradesh, Uttar Pradesh and Haryana. The Company has a product portfolio with applications across diverse enduse industries. The products are primarily focused toward ODMs and OEMs serving enduse industries including the automotive, healthcare, IT, industrial appliances, energy management, water purification, power supply and consumer products industries. It has 3 RD facilities, of which 2 located in India at Chennai, Tamil Nadu and Gurgaon, Haryana respectively and 1 in Stuttgart, Germany. Apart from this, it has a robust supplier network which included over suppliers in India and overseas, in over 19 countries, including USA, Singapore and China.The manufacturing processes are monitored and controlled through Companys manufacturing execution systems, which allows for the product and process traceability through barcodes. This enables to capture data in real time, thus empowering its personnel to have a 360 degree view of shop floor inventory, process efficiency and process quality which results in an overall improvement in productivity. In addition to its existing manufacturing, and engineering and design services offerings, it provide prototyping services, tester development and repair and rework services.The Company undertake the NPI (New Product Introduction) process through Mentor Graphics software platform. Apart from this, it has processbased quality systems in place for the entire production cycle, including in respect of procurement, receipt and incoming inspection, storage and packaging, and stage wise quality checks on the production line. In 2006, the Company set up manufacturing unit in MEPZSEZ, Chennai.In 2007, it designed and manufactured direct digital dental Xray FGPA controllers in connection to healthcare industry. It began to cater to the automotive enduse industry with the manufacture of hall sensor PCBAs in 2007.In 2008, it manufactured set top boxes to address the requirements of home entertainment industry. It got into manufacturing of GSM antenna, pursuant to the advent of 3G technology in India.In 2009, the Company progressed to manufacturing of vehicle tracking systems and toll management systems.In 2010, it established a manufacturing facility in Bargur and further commenced manufacturing of automatic dimmers for homes. In 2012, it commenced manufacturing beacons for vehicles.In 2014, it set up first research development department in India. It progressed in manufacturing of PCBAs for Xray machines. In December 2014, the Company acquired Tovya Automation. It further proceeded in manufacturing energyefficient electronic inverters and home appliance control PCBAs. In 2015, it further proceeded in manufacturing of controller units for air conditioners. PCBAs for smart canes for visually challenged people was designed and manufactured.In April 2016, 3G Communication Private Limited merged with the Company and thereafter the postmerger, the Company started manufacturing RFID tags. It proceeded to manufacturing of induction cooktop components. Subsequently, pursuant to advancements to 4G technology, it proceeded to manufacture 4G and LTE antenna.In 2018, the Company established manufacturing facility in Bawal Further, it started Zone of Autonomous Creation to support rapid prototyping services and another manufacturing unit in the MEPZSEZ, Chennai respectively.In 2018, the Company prioritized place in manufacturing sector medium scale in the 3rd edition of CII Southern Region Poka Yoke Competition 2018. It augmented reality equipment for ophthalmological applications.In 2019, the Company commenced offering repair and rework services. In 2020, the Company commenced manufacture of controllers of the EV battery management systems and made investments in the Company by South Asia Growth Fund II Holdings LLC and South Asia EBT Trust. The Company augmented PCBAs for baby case CPAP ventilators in year 2020.In June 2020, the Company amalgamated with Reliable Consultancy Services Private Limited vide the Order of the National Company Law Tribunal, Mumbai. In year of 2021, the Company acquired SGS Tekniks Manufacturing Private Limited and 75% of issued and paid up share capital of Perfect ID India Private Limited.In 2021, the Company installed 4W lighting system boards.Apart from business strategy to expand market share in EMS sector and widen its geographical footprint in national market, the Company acquired SGS Tekniks in September 2021 and Perfect ID in October 2021. Pursuant to this acquisition, the Company increased manufacturing capacities and inhouse RD capabilities, in expanding the existing supplier network.The Company is planning to come out with a Public Issue comprising a fresh issue by raising capital upto Rs. 926 crore and by issuing 3,369,360 equity shares through Offer for Sale.
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Syrma SGS Technology Ltd FAQs

Syrma SGS Technology Ltd shares are currently priced at 525.2 on NSE and 525.05 on BSE as of 2/22/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Syrma SGS Technology Ltd [SYRMA] share was 88.41. The Syrma SGS Technology Ltd [SYRMA] share hit a 1-year low of Rs. 250.6 and a 1-year high of Rs. 705.2.

The market cap of Syrma SGS Technology Ltd is Rs. 9326.77 Cr. as of 2/22/2024 12:00:00 AM.

The PE ratios of Syrma SGS Technology Ltd is 206.71 as of 2/22/2024 12:00:00 AM.

The PB ratios of Syrma SGS Technology Ltd is 6.44 as of 2/22/2024 12:00:00 AM

The Mutual Fund Shareholding was 5.17% at the end of 2/22/2024 12:00:00 AM.

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