Getty Images has buy call on Syrma SGS Technology with a target price of Rs 350. The current market price of Syrma SGS Technology Ltd. is Rs 304.85.
Syrma SGS Technology Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 5339.74 Crore) operating in General sector.
Syrma SGS Technology Ltd. key Products/Revenue Segments include Other Operating Revenue, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 474.82 Crore, up 21.20 % from last quarter Total Income of Rs 391.78 Crore and up 120.12 % from last year same quarter Total Income of Rs 215.70 Crore. Company reported net profit after tax of Rs 28.95 Crore in latest quarter.
Investment Rationale
The brokerage models revenue and PAT CAGRs of 33.3% and 47.9% respectively over FY22-FY25E, with RoE higher than cost of capital. Maintain BUY rating with a DCF-based target price of Rs350 (25x FY25E EPS). Key risks: Failure of some of the new products, sharp increase in commodity prices, and higher competitive intensity.
Promoter/FII Holdings
Promoters held 47.42 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0 per cent, DIIs 7.46 per cent.
Syrma SGS Technology Ltd., incorporated in the year 2004, is a Small Cap company (having a market cap of Rs 5339.74 Crore) operating in General sector.
Syrma SGS Technology Ltd. key Products/Revenue Segments include Other Operating Revenue, Sale of services, Scrap and Export Incentives for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 474.82 Crore, up 21.20 % from last quarter Total Income of Rs 391.78 Crore and up 120.12 % from last year same quarter Total Income of Rs 215.70 Crore. Company reported net profit after tax of Rs 28.95 Crore in latest quarter.
Investment Rationale
The brokerage models revenue and PAT CAGRs of 33.3% and 47.9% respectively over FY22-FY25E, with RoE higher than cost of capital. Maintain BUY rating with a DCF-based target price of Rs350 (25x FY25E EPS). Key risks: Failure of some of the new products, sharp increase in commodity prices, and higher competitive intensity.
Promoter/FII Holdings
Promoters held 47.42 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0 per cent, DIIs 7.46 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Read More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by