NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
In its FY24 annual report, Syrma SGS Technology Ltd. has outlined its ‘Building for Tomorrow’ action plan based on innovation, reliability, and agility. The company demonstrated an impressive revenue compound annual growth rate of 53% over last three years.
Exports (26% of turnover) also grew by 29% YoY in FY24, exhibiting three year CAGR of 19%. However, margins deteriorated to 6.3% in FY24 due to heavy exposure to low margin consumer/auto business.
Further, the company achieved several breakthroughs in the U.S. and Europe markets by securing contracts in industries like utility metering, EMobility and Power supplies with some of the leading industry players.
Despite the challenging global environment, management is confident of pick up in exports in FY25, led by recently added customers (25-30% growth to ~Rs 10 billion).
During the year, Syrma nearly doubled its surface mount technology placement capacity in order to fulfil the growing production demand from both domestic and export customers.
Click on the attachment to read the full report:
Premier Energies IPO – Valuation, Strengths, Risks, Financials And More: Reliance Securities
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.