Syrma SGS Technology Ltd Share Price Target 2024, 2025 to 2030

Syrma SGS Technology Ltd is a prominent player in the electronics manufacturing services (EMS) industry, recognized for its comprehensive suite of offerings, which includes product design, prototyping, printed circuit board (PCB) assembly, and the development of RFID technologies. Established in 2004, the company operates from its advanced manufacturing facility in Chennai, Tamil Nadu, leveraging high-speed surface mount technology (SMT) lines to meet the diverse needs of its global clientele. Syrma SGS is dedicated to building long-term relationships with customers across various sectors, including automotive, healthcare, and consumer electronics, emphasizing quality and compliance in its products. The company invests heavily in research and development, enhancing its technological capabilities and fostering innovation to maintain a competitive edge. With a focus on sustainability and responsible manufacturing practices, Syrma SGS aligns itself with global trends and appeals to environmentally conscious businesses.

Shareholdings Patterns of Syrma SGS Technology Ltd 

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	47.27%	47.22%	46.89%	46.89%	46.89%
FIIs +	9.27%	10.14%	11.13%	12.95%	10.44%
DIIs +	9.24%	9.63%	8.21%	5.80%	6.45%
Public +	34.24%	33.02%	33.78%	34.36%	36.22%
No. of Shareholders	81,724	96,452	1,05,068	1,12,395	1,24,943

The shareholding patterns of Syrma SGS Technology Ltd have demonstrated some interesting dynamics over the recent quarters, reflecting shifts in both institutional and public ownership. As of June 2023, promoters held 47.27% of the shares, a slight decrease to 46.89% by March 2024 and continuing through June 2024. Foreign Institutional Investors (FIIs) have shown a positive trend, increasing their share from 9.27% in June 2023 to 12.95% by March 2024, although it slightly declined to 10.44% by June 2024. Domestic Institutional Investors (DIIs), however, saw a decrease from 9.24% in June 2023 to 5.80% by March 2024, indicating some volatility in this segment, before recovering slightly to 6.45% in June 2024.

Public ownership has seen a notable rise, starting at 34.24% in June 2023 and climbing to 36.22% by June 2024. This increase in public shareholding, alongside a growing number of shareholders—from 81,724 in June 2023 to 124,943 in June 2024—suggests a broader acceptance and interest in Syrma SGS Technology Ltd within the market. These trends indicate a growing diversification of the shareholder base and a positive perception of the company’s performance and future prospects.

Syrma SGS Technology Share Price Prediction 2024 – 2030

Syrma SGS Technology Share Price Target 2024

When	Maximum Price	Minimum Price
October 2024	423.65	368.39
November 2024	440.60	383.13
December 2024	445.01	386.96

In October 2024, the company’s stock is likely to reach a maximum price of ₹423.65 and a minimum of ₹368.39. Moving into November, the maximum price is expected to rise to ₹440.60, while the minimum could increase to ₹383.13. By December 2024, Syrma SGS Technology Ltd may see further growth, with a projected maximum of ₹445.01 and a minimum of ₹386.96, reflecting consistent upward movement as the year comes to a close.

Syrma SGS Technology Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	449.46	345.74
February 2025	454.00	349.23
March 2025	463.53	356.56
April 2025	458.94	353.03
May 2025	445.57	342.75
June 2025	465.62	358.17
July 2025	456.49	351.15
August 2025	470.61	362.01
September 2025	476.26	366.35
October 2025	488.64	375.88
November 2025	500.86	385.28
December 2025	523.40	402.61

Syrma SGS Technology Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	539.10	414.69
February 2026	525.62	404.32
March 2026	536.13	412.41
April 2026	547.08	420.83
May 2026	541.66	416.66
June 2026	555.20	427.08
July 2026	544.31	418.70
August 2026	561.15	431.65
September 2026	572.37	440.29
October 2026	587.25	451.73
November 2026	601.94	463.03
December 2026	616.98	474.60

Syrma SGS Technology Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	623.15	479.35
February 2027	639.13	491.64
March 2027	664.06	510.81
April 2027	651.04	500.80
May 2027	632.07	486.21
June 2027	660.52	508.09
July 2027	647.57	498.13
August 2027	667.59	513.53
September 2027	690.96	531.51
October 2027	708.93	545.33
November 2027	726.65	558.96
December 2027	744.81	572.93

Syrma SGS Technology Share Price Target 2028

When	Maximum Price	Minimum Price
January 2028	759.71	584.39
February 2028	779.19	599.38
March 2028	809.58	622.75
April 2028	793.71	610.54
May 2028	770.59	592.76
June 2028	805.26	619.43
July 2028	789.47	607.29
August 2028	813.89	626.07
September 2028	842.38	647.98
October 2028	864.28	664.83
November 2028	885.89	681.45
December 2028	908.03	698.49

Syrma SGS Technology Share Price Prediction 2029

When	Maximum Price	Minimum Price
January 2029	926.19	712.46
February 2029	949.94	730.73
March 2029	986.99	759.22
April 2029	967.64	744.34
May 2029	939.45	722.66
June 2029	981.73	755.18
July 2029	962.48	740.37
August 2029	992.25	763.27
September 2029	1,026.98	789.98
October 2029	1,053.68	810.52
November 2029	1,080.02	830.78
December 2029	1,107.02	851.55

Syrma SGS Technology Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	1,129.16	868.58
February 2030	1,158.11	890.86
March 2030	1,203.28	925.60
April 2030	1,179.69	907.45
May 2030	1,145.33	881.02
June 2030	1,196.87	920.67
July 2030	1,173.40	902.61
August 2030	1,209.69	930.53
September 2030	1,252.03	963.10
October 2030	1,284.58	988.14
November 2030	1,316.69	1,012.84
December 2030	1,349.61	1,038.16

As we step into 2030, Syrma SGS Technology Ltd is projected to experience significant price movements throughout the year. In January, the maximum price is expected to reach ₹1,129.16, with a minimum of ₹868.58. Moving into February, the maximum could rise to ₹1,158.11, while the minimum may settle at ₹890.86. By March, the stock could see further growth, with the maximum potentially hitting ₹1,203.28 and the minimum at ₹925.60. As we progress into the second half of the year, especially in October, the stock might achieve a maximum of ₹1,284.58, while the minimum could be ₹988.14. Finally, by December 2030, Syrma SGS Technology Ltd is anticipated to reach a maximum of ₹1,349.61, with a minimum of ₹1,038.16, reflecting strong market expectations.

Financial Condition of Syrma SGS Technology Ltd: Last 5 Years

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales +	862	886	1,020	2,048	3,154	3,712
Expenses +	727	784	923	1,856	2,951	3,506
Operating Profit	135	102	97	192	203	206
OPM %	16%	11%	9%	9%	6%	6%
Other Income +	13	18	12	44	56	51
Interest	15	10	9	26	41	43
Depreciation	19	23	19	31	51	59
Profit before tax	113	87	81	179	166	155
Tax %	19%	24%	33%	31%	25%
Net Profit +	92	69	57	123	124	116
EPS in Rs	1,281.97	916.98	4.04	6.75	6.04	5.53
Dividend Payout %	0%	0%	0%	22%	25%

Syrma SGS Technology Ltd’s consolidated financial performance demonstrates a strong trajectory in the electronics manufacturing services sector. Over the past few years, the company has significantly ramped up its sales, soaring from ₹862 crores in March 2020 to a remarkable ₹3,154 crores by March 2024. This impressive growth is indicative of the robust demand for its offerings, particularly as the electronics industry expands. While the total expenses also climbed from ₹727 crores to ₹2,951 crores during the same period, this aligns with Syrma’s strategic investments in enhancing production capabilities and operational efficiencies to meet growing market needs.

Despite fluctuations in operating profit, which peaked at ₹203 crores in March 2024, the company’s Operating Profit Margin (OPM) remained relatively stable between 6% and 9%, showcasing effective cost management amidst rising operational expenditures. Furthermore, Syrma’s net profit grew from ₹92 crores in March 2020 to ₹124 crores in March 2024, reflecting its successful navigation of market challenges and operational hurdles. The Earnings Per Share (EPS) figures, however, reveal a decline from ₹1,281.97 to ₹6.04, suggesting that while profits have grown, shareholder value may have been diluted due to increased share issuance or other financial maneuvers.

Notably, Syrma initiated dividend payouts starting in March 2023, with a payout ratio of 22%, which increased to 25% by March 2024. This move underscores the company’s commitment to delivering shareholder value while maintaining a focus on reinvestment and growth. Overall, Syrma SGS Technology Ltd exhibits a solid financial foundation with strategic growth initiatives that position it well for future opportunities in the expanding electronics sector.

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