Synopsis:
The company’s share surged after its subsidiary formed a JV with South Korea’s Shinhyup Electronics to manufacture advanced PCBs. With a strong global presence and diversified verticals, the company remains a key player in electronics manufacturing.
The shares of the electronics manufacturing service provider gained up to 2 percent in today’s trading session after the company, through its subsidiary, entered into a joint venture with a South Korea-based company.
With a market capitalization of Rs 12,310.72 crore, the shares of Syrma SGS Technology Ltd were trading at Rs 691.00 per share, increasing around 1.39 percent as compared to the previous closing price of Rs 681.50 apiece.
The shares of Syrma SGS Technology Ltd have seen positive movement after the company, through its subsidiary Syrma Strategic Electronics Private Limited, entered a joint venture with South Korea’s Shinhyup Electronics to manufacture multi-layer and flexible PCBs. In this JV, Syrma initially holds a 75% stake, with Shinhyup Electronics owning the remaining 25%.
Looking forward to the company’s financial performance, revenue decreased by 18 percent from Rs 1,143 crore in Q4FY24 to Rs 932 crore in Q4FY25. Furthermore, during the same time frame, the net profit increased by 58 percent, from Rs 45 crore to Rs 71 crore.
Syrma SGS showcases a robust geographical presence with 14 manufacturing facilities spread across India and offices in the U.S. and Germany. It operates 4 global R&D centers and 1,160k sq. ft of commissioned plant area. Backed by over 150 employees in engineering and design, the company holds multiple global certifications, reinforcing its manufacturing and innovation capabilities.
Syrma SGS operates across five key business verticals: Consumer (35%), Industrials (29%), Automotive & Electric Mobility (22%), Healthcare & Medical Devices (8%), and Railways & IT (7%). Its diverse product portfolio includes EV chargers, smart meters, Wi-Fi routers, and medical devices, showcasing its strategic diversification and adaptability to high-growth sectors with increasing demand for electronic manufacturing solutions.
Syrma SGS Technology Limited is engaged in the business of manufacturing various electronic sub-assemblies, assemblies, and box builds, disk drives, memory modules, power supplies/adapters, fiber optic assemblies, magnetic induction coils, and radio frequency identification (RFID) products, and other electronic products. It provides high-mix, flexible volume, and precision original equipment.
Written by Abhishek Singh
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