DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd) (Past IPO Performance)
ICICI Securities Limited (Past IPO Performance)
IIFL Securities Ltd (Past IPO Performance)
Syrma SGS Technology Limited (“Syrma”) was incorporated on August 23, 2004. The Company is one of India’s leading exporters of electronics, providing a high-value integrated design and production solution for internationally recognized OEMs. It is one of the leading Electronics system design and manufacturing (“ESDM”) company with a focus on technology-based solutions and Original design manufacturer (“ODM”) business. Company’s business model starts from product concept design and focuses on every segment of the overall industry value chain. Its manufacturing facilities in Tamil Nadu are placed in SEZs, allowing them to take advantage of specific tax and other incentives in relation to the products manufactured at these facilities. Product Portfolio: Printed circuit board assemblies (PCBA), Radio frequency identification (RFID) products, Electromagnetic and electromechanical parts, Motherboards & Memory products – DRAM modules, solid state, and USB drives
For year/ period ended ( in Cr.)
|Profit After Tax||30.61||28.62||43.88|
Based on its financial performance, the issue is priced at a P/E of 50 plus. The company is focusing on a high-margin product portfolio. The segment in which it is operating is also poised for bright prospects ahead. Hence investors may consider an investment with medium to long-term perspectives.
The financial performance of the Issuer is reasonable though it needs to be tracked for the upcoming quarters as well since the revenues have reduced in FY21. Hence Investors may subscribe to the Issue. The company has no listed peers.