PESB research view: HoldStock
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PESB recommendation · Stock
₹1,491▼ 21.00 (−1.39%) todayNSE · as of 3 Nov 2026, 5:30 am
Recommended on 22 Oct 2026 by Anupama Bhootra and Aman Bansal
Our recommendation read against today's market data.
Syrma SGS Technology Ltd. is one of India's leading Electronics Manufacturing Services (EMS) companies, providing end-to-end product design, engineering and electronic manufacturing solutions across the entire product lifecycle. The company serves a diversified customer base across automotive, industrial, healthcare, consumer, IT, railways, defence and aerospace sectors through its network of manufacturing facilities in India and Germany.
Syrma SGS is well-positioned to sustain strong growth, driven by expansion in exports, increasing contribution from ODM programmes and rising demand across automotive and industrial electronics. The upcoming PCB manufacturing facility, defence expansion through Elcome and increasing ODM contribution provide multiple avenues for growth. With improving margins, working capital efficiency and a net cash balance sheet, we remain positive on the company’s ability to deliver sustained growth while enhancing earnings quality.
Research by Pune E-Stock Broking Ltd., SEBI Research Analyst Reg. No. INH000018197. Investments in the securities market are subject to market risks; read all related documents carefully before investing. Past performance is not indicative of future returns.
Market data from Accord; delayed, for information only.
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