Syrma SGS Technology SYRMA
Electronic Components (ECMS): EMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Mapped in 4 themes: Semiconductors (Fab + ATMP), 5G/6G Telecom Buildout, Semicon 2.0 + Mobile Phones (MPMS) and Electronic Components (ECMS).
Where Syrma SGS Technology sits in the supply chain
Syrma SGS Technology appears in 8 supply-chain layers across 4 themes: Semiconductors (Fab + ATMP), 5G/6G Telecom Buildout, Semicon 2.0 + Mobile Phones (MPMS) and Electronic Components (ECMS).
Semiconductors (Fab + ATMP) › Downstream EMS & System Integration
Indirect supplierPCB, EMS and downstream system integration adjacent to semiconductor packaging
Other companies in this layer
5G/6G Telecom Buildout › Electronics Manufacturing Services (EMS)
Indirect supplierBroad EMS/ODM including telecom & networking modules
Other companies in this layer
Semicon 2.0 + Mobile Phones (MPMS) › PCBA & sub-assemblies
Direct supplierEMS and PCBA maker named by brokerages as a beneficiary of local component sourcing
Other companies in this layer
Electronic Components (ECMS) › Copper-clad laminate
Emerging entrantEMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Other companies in this layer
Electronic Components (ECMS) › Multi-layer PCBs
Direct supplierEMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Other companies in this layer
Electronic Components (ECMS) › HDI & flex PCBs
Emerging entrantEMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Other companies in this layer
Electronic Components (ECMS) › EMS & SMT assembly
OperatorEMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Other companies in this layer
Electronic Components (ECMS) › Camera modules
Emerging entrantEMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules
Other companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 3,154 | 3,787 | 4,819 |
| Net profit | 124 | 184 | 346 |
Latest-year revenue ₹4,819 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths · in Electronic Components (ECMS)
- First-tranche approval for a ₹765 Cr multi-layer PCB unit (Syrma Strategic Electronics, Naidupeta, AP); construction began Dec 2025
- Further approvals: camera modules via Syrma Mobility (Nov 2025), a ₹385 Cr project (Mar 2026) and coils (Aug 2026)
- Andhra Pradesh cleared an ~₹856 Cr state incentive package for the PCB plant
Risks · in Electronic Components (ECMS)
- PCB plant commissioning guided for late 2026/FY27 - not yet producing
- JV structure with a Korean partner for know-how
- Stretched valuation (see the figures)
Common questions
What does Syrma SGS Technology do?
In Electronic Components (ECMS): EMS company (industrial, auto, consumer, healthcare) adding a multi-layer and HDI PCB fab in Andhra Pradesh with Korea's Shinhyup, plus camera modules. NextResearch maps it in 4 supply chains: Electronic Components (ECMS), Semiconductors (Fab + ATMP), 5G/6G Telecom Buildout and Semicon 2.0 + Mobile Phones (MPMS).
Where does Syrma SGS Technology sit in the supply chain?
Syrma SGS Technology (NSE: SYRMA) is mapped in 8 supply-chain layers: Downstream EMS & System Integration (Semiconductors (Fab + ATMP)), Electronics Manufacturing Services (EMS) (5G/6G Telecom Buildout), PCBA & sub-assemblies (Semicon 2.0 + Mobile Phones (MPMS)), Copper-clad laminate (Electronic Components (ECMS)) and 4 more.
Who are Syrma SGS Technology's peers?
In the Multi-layer PCBs layer of Electronic Components (ECMS): Kaynes Technology India, Amber Enterprises India, Shogini Technoarts (not NSE-listed) and BPL.
What is Syrma SGS Technology's market cap and valuation?
As of 30 Oct 2026: market cap ₹31,352 Cr, P/E 73.8x, ROCE 16.8%, ROE 14.0%, dividend yield 0.09%.