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SYRMA · price
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Syrma SGS Technology reported strong FY26 results with Total Revenue of Rs 48,569 Mn, up 27% YoY. Profitability expanded significantly - EBITDA grew 56% to Rs 5,823 Mn (12.0% margin vs 9.7% in FY25), PBT jumped 88% to Rs 4,454 Mn (9.2% margin), and PAT rose 87% to Rs 3,458 Mn (7.1% margin). The balance sheet strengthened considerably with total debt reduced by 42% to Rs 3,531 Mn, resulting in a net cash position of Rs 4,672 Mn (from net debt of Rs 2,639 Mn). Q4 FY26 also showed robust 56% revenue growth to Rs 14,768 Mn with margin expansion continuing. ROCE improved to 16.9% (20.1% adjusted for goodwill). Revenue is diversified across Auto (24%), Consumer (30%), Industrials (29%), Healthcare (8%), and IT & Railways (9%).
The company demonstrated strong operational execution with significant margin expansion and debt reduction. The shift from net debt to net cash position is particularly positive for shareholders, indicating improved financial flexibility and reduced risk. The 87% PAT growth significantly outpacing revenue growth reflects successful cost management and operating leverage.