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Syrma SGS Technology (SYRMA)₹1,462−2.86%Industrial Products
In the Sep 2026 quarter (consolidated), Syrma SGS Technology reported sales of ₹1,997 Cr, up 73.4% from Sep 2025, and net profit of ₹124 Cr, up 87.9% year on year. For the year to Mar 2026, sales were ₹4,839 Cr and net profit ₹347 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 709 | 1,147 | 1,165 | 837 | 873 | 927 | 947 | 1,151 | 1,270 | 1,471 | 1,594 | 1,997 |
| Expenses | 665 | 1,056 | 1,111 | 760 | 787 | 814 | 854 | 1,027 | 1,101 | 1,286 | 1,422 | 1,790 |
| Operating Profit | 39.13 | 83.24 | 45.14 | 71.28 | 80.32 | 108 | 87.28 | 115 | 160 | 175 | 163 | 194 |
| OPM % | 6.0% | 7.0% | 3.9% | 9.0% | 9.0% | 11.9% | 8.9% | 9.9% | 12.9% | 12.0% | 9.9% | 9.9% |
| Other Income | 11.99 | 6.99 | 14.98 | 9.99 | 19.98 | 21.97 | 15.99 | 8.99 | 6.99 | 10.99 | 14.98 | 9.99 |
| Interest | 10.99 | 13.01 | 14.01 | 13.99 | 15.01 | 15.99 | 15.01 | 13.01 | 8.01 | 13.01 | 12.99 | 15.01 |
| Depreciation | 14.03 | 16.04 | 17.02 | 17.03 | 20.06 | 21.06 | 21.06 | 22.05 | 20.03 | 21.04 | 22.04 | 23.04 |
| Profit before tax | 27.08 | 61.20 | 29.08 | 51.12 | 64.12 | 93.19 | 67.18 | 90.23 | 138 | 150 | 141 | 165 |
| Tax % | 25.0% | 26.0% | 31.0% | 22.0% | 17.0% | 23.1% | 26.1% | 26.0% | 20.1% | 21.0% | 25.0% | 25.0% |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | −1.99 | 0.00 | 0.00 | 0.00 | −2.99 | −0.99 | 0.00 | 0.00 |
| Net Profit | 20.06 | 45.15 | 20.05 | 40.09 | 53.17 | 71.23 | 50.18 | 66.23 | 110 | 119 | 106 | 124 |
| EPS (Rs) | 0.88 | 1.98 | 1.10 | 2.05 | 2.75 | 3.68 | 2.80 | 3.34 | 5.34 | 5.27 | 5.21 | 6.10 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 865 | 889 | 1,271 | 2,057 | 3,166 | 3,801 | 4,839 | 6,332 |
| Expenses | 725 | 781 | 1,134 | 1,848 | 2,942 | 3,448 | 4,256 | 5,599 |
| Operating Profit | 136 | 102 | 129 | 193 | 204 | 324 | 548 | 690 |
| OPM % | 15.9% | 11.0% | 9.9% | 8.9% | 6.0% | 9.0% | 11.0% | 10.9% |
| Other Income | 12.99 | 17.99 | 17.97 | 43.94 | 55.98 | 46.95 | 30.99 | 42.95 |
| Interest | 14.99 | 10.01 | 11.01 | 25.99 | 41.01 | 57.99 | 48.03 | 49.02 |
| Depreciation | 19.03 | 23.04 | 25.05 | 31.06 | 51.14 | 75.20 | 84.16 | 86.15 |
| Profit before tax | 113 | 87.19 | 111 | 180 | 167 | 237 | 446 | 596 |
| Tax % | 19.1% | 24.0% | 31.1% | 31.0% | 25.0% | 22.1% | 22.0% | — |
| Exceptional items | 1.99 | 0.00 | 0.99 | 0.99 | 0.99 | 23.93 | −4.98 | −3.98 |
| Net Profit | 92.29 | 69.18 | 79.28 | 123 | 124 | 185 | 347 | 460 |
| EPS (Rs) | 12.73 | 9.11 | 5.61 | 6.77 | 6.06 | 9.56 | 16.53 | 21.92 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 21.9% | 25.0% | 15.9% | 8.9% | — |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.99 | 4.99 | 138 | 177 | 177 | 178 | 193 |
| Reserves | 419 | 596 | 435 | 1,365 | 1,438 | 1,575 | 2,677 |
| Borrowings | 125 | 103 | 219 | 375 | 632 | 668 | 401 |
| Other Liabilities | 237 | 257 | 363 | 625 | 1,443 | 1,781 | 2,493 |
| Total Liabilities | 786 | 960 | 1,154 | 2,541 | 3,689 | 4,200 | 5,764 |
| Fixed Assets | 297 | 292 | 378 | 533 | 1,077 | 1,145 | 1,460 |
| CWIP | 1.01 | 0.00 | 41.13 | 25.08 | 17.05 | 66.23 | 72.21 |
| Investments | 29.92 | 132 | 40.92 | 83.83 | 41.94 | 58.91 | 546 |
| Other Assets | 458 | 536 | 693 | 1,899 | 2,553 | 2,930 | 3,686 |
| Inventories | 142 | 179 | 290 | 586 | 1,002 | 820 | 1,060 |
| Trade receivables | 180 | 209 | 273 | 403 | 933 | 1,482 | 1,848 |
| Cash & equivalents | 77.76 | 72.76 | 36.86 | 53.83 | 86.73 | 295 | 298 |
| Total Assets | 786 | 960 | 1,154 | 2,541 | 3,689 | 4,200 | 5,764 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 156 | 36.94 | −12.99 | −69.92 | −109 | 176 | 289 |
| Cash from investing activity | −45.93 | −113 | −372 | −883 | −8.99 | −103 | −735 |
| Cash from financing activity | −58.79 | 71.79 | 380 | 965 | 150 | −70.77 | 556 |
| Net cash flow | 51.15 | −4.01 | −4.01 | 13.04 | 32.08 | 2.01 | 111 |
| Capex | 48.10 | 19.04 | 90.18 | 118 | 338 | 245 | 192 |
| Free cash flow | 108 | 17.96 | −103 | −188 | −445 | 3.99 | 114 |
| CFO / OP % | 131.1% | 58.1% | 13.1% | −16.0% | −26.9% | 73.1% | 69.1% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 75 | 85 | 77 | 71 | 107 | 141 | 138 |
| Inventory days | 93 | 109 | 119 | 139 | 146 | 102 | 108 |
| Days payable | 109 | 111 | 97 | 115 | 177 | 192 | 198 |
| Cash conversion cycle | 60 | 83 | 99 | 95 | 76 | 52 | 48 |
| Working capital days | 20 | 51 | 30 | 42 | 36 | 37 | 68 |
| ROCE % | — | 15.1% | 16.1% | 15.1% | 10.1% | 12.1% | 17.1% |
For the Sep 2026 quarter, Syrma SGS Technology reported sales of ₹1,997 Cr, up 73.4% year on year and net profit of ₹124 Cr, up 87.9% year on year. The operating margin was 9.9%.
Syrma SGS Technology's sales for the year to Mar 2026 were ₹4,839 Cr; over the last twelve months they were ₹6,332 Cr.
Net profit for the year to Mar 2026 was ₹347 Cr, and ₹460 Cr over the last twelve months. Earnings per share over the same trailing period were ₹21.92.
Syrma SGS Technology reported borrowings of ₹401 Cr at Mar 2026, against cash and equivalents of ₹298 Cr.
Cash from operations was ₹289 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹114 Cr.