Syrma sgs technologies

Chennai-based electronics manufacturer Syrma Technology has signed a cash plus stock agreement with Gurgaon-based SGS Tekniks for a takeover. PE investor GEF Capital has supported this transaction with an undisclosed investment. While the valuation of the deal remains undisclosed, Sandeep Tandon, MD, Syrma Technology, said that the deal can help Syrma grow its business by over 20% year-on-year and will result in the creation of Syrma SGS Technologies Private Limited with a combined turnover of over Rs 1,000 crore. Post the merger, given the pandemic, the annual run rate would be around Rs 1,200 crore, and plans are afoot to grow this aggressively in the next five years, Tandon said. “The combination will help us improve our footprints in both North and South India,” he added. The combined entity -Syrma SGS Technologies — will have eight manufacturing facilities in India across Gurgaon, Manesar, Bawal, Baddi, Bengaluru, Chennai, Bargur, and three design centre centres in Chennai,Gurgaon, Stuttgart Germany. Syrma Tech believes they can almost “double their capacity” as a result of the merger, and 55% of the revenues will come from exports primarily to the US & Europe. Syrma is currently around 3,000-people strong and the combined firm is expected to have a team of 4,700 employees. “We are seeing unprecedented interest in the EMS in India with recent government incentive schemes like the PLI and trade wars,” Tandon said. With Indian EMS market growing at a CAGR of over 25%, t...

Syrma SGS Tech Syrma SGS would be the first company to tap the primary market in two-and-a-half months. Prior to that, the IPO of Aether Industries was opened for public subscription during May 24-26. Syrma SGS Tech IPO: Price Band Syrma SGS Tech IPO: Valuation The issue is priced at P/BV of 2.66 at NAV of Rs. 42.36 as of FY22. Company’s Debt to Equity ratio has improved from 0.82 in FY20 to 0.24 in FY22. As per the RHP, there are listed peers like Dixon Technologies trading at P/E 110x (Highest) and Amber Enterprises trading at P/E 75x (Lowest) and the industry average P/E is 93x. Hence the Syrma Share Price at P/E of ~45x is reasonably priced, Shushil Finance said in its IPO note. Syrma SGS Investors who wish to subscribe may bid for a lot size of 68 shares and thereafter in multiples of 68 equity shares. Those planning to invest in the issue will have to make a minimum investment at the upper end of the price band will be Rs 14,960 per lot and Rs 1,94,480 would be the maximum investment against 13 lots as they are allowed to invest up to Rs 2 lakh. Syrma SGS Technology IPO: Financials Syrma SGS Technology had good revenues even in the Covid-19 period. The sales are increasing at a steady pace. Syrma reported a 16.6 per cent year-on-year growth in proforma profit at Rs 76.46 crore for the year ended March 2022 on the strong top line and operating performance. Syrma SGS Technology IPO: Objective The company intends to use the funds raised for multiple purposes such as fun...

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Review By Dilip Davda on Aug 8, 2022 •SSTL is one of the fastest-growing companies in India in the EMS segment. •It is also one of the leading players in customized RFID tags. •For FY22 it marked growth in the top line, but the bottom line witnessed pressure. •The company is focusing on a high-margin product portfolio for marquee customers. •Though the issue appears fully priced, investment for the medium to long term can be considered. PREFACE: Amidst reforms proposed by SEBI and RBI for a primary market that impacted Anchor Investors, HNIs and also the modified process of IPO subscription data, we witnessed an almost over two and half months gap for mainboard IPOs. Finally, we are having IPO from Syrma SGS Technology Ltd. This company is surprisingly coming with IPO at a lower price than the pre-IPO price. The management attributed this as an investor's friendly gesture as global market moods have changed and prevailing uncertainty. Due to the pandemic, it suffered pressure on its margins but is not gearing for a high-margin product portfolio for its marquee customer base. ABOUT COMPANY: Syrma SGS Technology Ltd. (SSTL) is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services ("EMS"), specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries. According to the F&S Report, among the large bouquet of EMS players in In...

Syrma SGS Tech Syrma SGS would be the first company to tap the primary market in two-and-a-half months. Prior to that, the IPO of Aether Industries was opened for public subscription during May 24-26. Syrma SGS Tech IPO: Price Band Syrma SGS Tech IPO: Valuation The issue is priced at P/BV of 2.66 at NAV of Rs. 42.36 as of FY22. Company’s Debt to Equity ratio has improved from 0.82 in FY20 to 0.24 in FY22. As per the RHP, there are listed peers like Dixon Technologies trading at P/E 110x (Highest) and Amber Enterprises trading at P/E 75x (Lowest) and the industry average P/E is 93x. Hence the Syrma Share Price at P/E of ~45x is reasonably priced, Shushil Finance said in its IPO note. Syrma SGS Investors who wish to subscribe may bid for a lot size of 68 shares and thereafter in multiples of 68 equity shares. Those planning to invest in the issue will have to make a minimum investment at the upper end of the price band will be Rs 14,960 per lot and Rs 1,94,480 would be the maximum investment against 13 lots as they are allowed to invest up to Rs 2 lakh. Syrma SGS Technology IPO: Financials Syrma SGS Technology had good revenues even in the Covid-19 period. The sales are increasing at a steady pace. Syrma reported a 16.6 per cent year-on-year growth in proforma profit at Rs 76.46 crore for the year ended March 2022 on the strong top line and operating performance. Syrma SGS Technology IPO: Objective The company intends to use the funds raised for multiple purposes such as fun...

Review By Dilip Davda on Aug 8, 2022 •SSTL is one of the fastest-growing companies in India in the EMS segment. •It is also one of the leading players in customized RFID tags. •For FY22 it marked growth in the top line, but the bottom line witnessed pressure. •The company is focusing on a high-margin product portfolio for marquee customers. •Though the issue appears fully priced, investment for the medium to long term can be considered. PREFACE: Amidst reforms proposed by SEBI and RBI for a primary market that impacted Anchor Investors, HNIs and also the modified process of IPO subscription data, we witnessed an almost over two and half months gap for mainboard IPOs. Finally, we are having IPO from Syrma SGS Technology Ltd. This company is surprisingly coming with IPO at a lower price than the pre-IPO price. The management attributed this as an investor's friendly gesture as global market moods have changed and prevailing uncertainty. Due to the pandemic, it suffered pressure on its margins but is not gearing for a high-margin product portfolio for its marquee customer base. ABOUT COMPANY: Syrma SGS Technology Ltd. (SSTL) is a technology-focused engineering and design company engaged in turnkey electronics manufacturing services ("EMS"), specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries. According to the F&S Report, among the large bouquet of EMS players in In...

RSS stands for Really Simple Syndication. RSS feed is a XML file that provides summaries, including links to the full versions of the content.It is available through RSS feed reader or through some browsers. It will show you what's new since the last time you checked the feed, without having to visit the website. BSE Notices RSS This RSS feed allows you to stay up to date with the latest Notices updated on the site. How to Subscribe this feed? You can subscribe to this feed by using any of the following options: • If you have RSS reader, Please Cut and Paste the URL • Download any online RSS reader of your choice. SENSEX RSS This is an RSS feed from the Bombay Stock Exchange website. This RSS feeds allow you to stay up to date with the latest SENSEX values on continuous basis. Subscribe to this feed To subscribe to it, you will need a RSS Reader. You can subscribe to this RSS feed, Please Cut and Paste the URL High Lows 52 Week High (adjusted) EPS (TTM) – Earnings Per Share (Trailing Twelve Months) Formula = Net Profit attributable to Equity Shareholders (TTM) / No. of Equity Shares CEPS (TTM) – Cash Earnings Per Share (Trailing Twelve Months) Formula = Net profit attributable to Equity Shareholders (TTM) + Depreciation (TTM) /No. of Equity Shares PE – Price Earnings Formula = Last Traded Price / EPS(TTM) PB – Price to Book Value Formula = Last Traded Price / Book Value per Share Where Book Value per Share = (Total Assets -Total Liabilities)/ No. of Equity Shares outstand...

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