Multibagger stock engaged in the business engineering, design, and manufacturing of electronic products and many more, in green after it incorporates a new company for engaging in different business purposes.
At 3:24 p.m. the shares of Syrma SGS Technology Limited were trading at Rs. 667.80, up 1.07 percent from its previous day’s close price of Rs. 660.70 and its market capitalization is Rs. 11,865 Crores. It has delivered multi-bagger returns of 135 percent in a year.
Syrma SGS Limited has incorporated a wholly-owned subsidiary named Syrma Strategic Electronics Private Limited. The new subsidiary intends to carry on the business of memory chips, memory modules, PCB assemblies, and all other electronic and communication equipment and parts, components, assemblies, and subassemblies to be used in the computer and electronic industry.
In FY23, it generated 32 percent of its revenue from operations from the Consumer segment, 31 percent from Industrial, 20 percent from automotive, 9 percent from IT and railways and 8 percent from healthcare.
The company’s revenue from operations grew 100.88 percent from Rs. 1,019.72 Crores in FY22 to Rs. 2,048.39 Crores in FY23, accompanied by increasing profits of Rs. 55.54 Crores to Rs. 119.32 Crores.
It has reported a return on equity (ROE) of 11.71 percent and a return on capital employed (ROCE) of 15.41 percent, it is making decent returns on its equity and capital employed.
According to the latest shareholding data available for the September 2023 quarter, the company’s Promoters hold a 47.21 percent stake, Domestic Institutional Investors hold 9.63 percent and Foreign Institutional Investors hold 10.14 percent.
Syrma SGS Technology Limited is an engineering and design company engaged in the business of manufacturing and designing various electric sub-assemblies, disk drives, fiber optic assemblies, and many more.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
