Syrma SGS Technology Ltd
Syrma SGS Technology Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Syrma SGS projects a 30%-35% revenue growth for FY '27 based on current orders and customer visibility. Projected revenue growth of 30%-35% backed by strong order book and customer visibility (Page 19).
From Syrma SGS Technology Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Syrma SGS projects a 30%-35% revenue growth for FY '27 based on current orders and customer visibility.
- Automotive segment grew 39% in FY '26; expected to continue strong growth, with domestic and increasing export opportunities.
- Health care (MedTech) grew 36%, with expectations to surpass INR 500 crores revenue next year.
- Industrial segment, including Elcome, grew 30%; new customers in power management and UPS sectors are expected to drive further growth.
- Added 32 new customers in the last year, with potential to add INR 1,000+ crores revenue in FY '26 and around INR 2,500 crores annually long-term.
- Export revenues grew 41% in FY '26; targeted 20%-30% export growth next year, driven by existing and new customers.
- The PCB manufacturing business will start contributing from FY '27-'28, expected to enhance growth beyond 30%-35%.
- Overall growth is backed by broad customer base, product innovation, and operational efficiencies.
Profitability & Margins
See what Syrma SGS Technology Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Planned capex of approximately INR800 crores for flexible PCB and copper clad laminates projects, to be executed between FY '28 to FY '30.
- PCB business capex spread across two phases: initial INR400 crores phase (INR50 crores spent, INR250 crores expected this year, balance INR100 crores next year); second phase to follow up to mid FY '29.
- Organic capex of INR100-150 crores expected annually within the system.
- Total capex for FY '27 estimated around INR350-400 crores including PCB and organic investments.
- Investment partly funded through debt, internal accruals, and 25% contribution from JV partner.
- Future greenfield project planned for entering the renewable energy inverter business, with technology partnerships under evaluation.
- The company expects 50-60% subsidy on certain capex (e.g., $40 million project) over subsequent years.
- Emphasis on building sustainable business with superior margins, exports, and ODM components.
Top-ranked in Industrial Manufacturing
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Syrma SGS Technology Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Current order book grew by almost 3% between December and March, lower than historical 7%-10% run rate.
- As of the latest quarter, order book stands around INR6,600 crores.
- Order inflow for FY '26 was INR6,200 crores.
- Orders span various durations; many customers provide short-term orders (3-6 months).
- Industrial segment constitutes about 24% of order book, lower due to typical shorter order durations.
- Elcome's order book is approximately 5% of the total.
- Growth projected at 30%-35% for FY '27, backed by existing orders and strong customer visibility.
- New customer additions in FY '26 totaled 32, with industrial adding 7 new customers.
- New orders expected from power management, UPS, fuel injection systems, solar trackers, data center motherboards, and FMCG liquid processing.
- Order book is continuously updated with new orders to sustain growth forecasts.
Syrma SGS Technology Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹119 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Syrma SGS Tech.'s management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Others in Industrial Manufacturing this season
- Adisoft Technol. (Q4 FY26)
The company plans around 25% growth in top line (revenue) for the current financial year (FY27). Key concall takeaways from Adisoft Technol.'s Q4 FY26 earnings…
- Rishi Laser (Q4 FY26)
To grow beyond ₹300 crore, increased export share is crucial, especially in booming global earthmoving markets. Key concall takeaways from Rishi Laser's Q4…
- Affordable Robo. (Q4 FY26)
Engagement expansion with Fortune 50 customers and investment in strategic technologies like Humro Robotics with ₹48 crore funding (Page 24). Key concall…
- Aimtron Electronics Ltd (Q4 FY26)
Growth is supported by increasing order book (~₹570 crores) and robust RFQs (~₹900 to 950 crores). Key concall takeaways from Aimtron Electronics Ltd's Q4 FY26…
Frequently Asked Questions
What were Syrma SGS Technology Ltd Q4 FY26 results?
Syrma SGS projects a 30%-35% revenue growth for FY '27 based on current orders and customer visibility. Projected revenue growth of 30%-35% backed by strong order book and customer visibility (Page 19).
What is Syrma SGS Technology Ltd share price analysis?
Syrma SGS Technology Ltd currently shows a neutral. The stock trades at a P/E of 74.5 with a market cap of ₹27,654 Cr. Investors should review the full earnings analysis for detailed insights.
Is Syrma SGS Technology Ltd planning capital expenditure?
Planned capex of approximately INR800 crores for flexible PCB and copper clad laminates projects, to be executed between FY '28 to FY '30.
Keep Syrma SGS Technology Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.