Syrma Sgs Technology Limited · NSE:SYRMA
Syrma Sgs Technology — FY2025 Earnings Presentation
36 slides from Syrma Sgs Technology's earnings presentation, May 13, 2025
Slide 1: Regulation 30 intimation letter to exchanges
Date: May 13, 2025 To, Listing Department Department of Corporate Service National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, G Block, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai - 400 051. Dalal Street, Mumbai - 400 001. Symbol: SYRMA Scrip Code: 543
Slide 2: Expanding Horizons - Investor Presentation May 2025
EXPANDING HORIZONS P R O D U C T S . V E R T I C A L S . G E O G R A P H Y . Investor Presentation May 2025 Investor 1 Presentation FY2025
Slide 3: Disclaimer
DISCLAIMER Certain statements in this presentation are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements o
Slide 4: Syrma SGS - A Brief
SYRMA SGS - A BRIEF Our Capabilities And Value Creation in Electronics System Design and Manufacturing (ESDM) Leaders in high-mix Higher margins and Strategically Strong R&D Strong Export flexible volume product high growth segments Diversified Model capabilities Footprint Figures that matter CAGR G
Slide 5: Geographical Presence
GEOGRAPHICAL PRESENCE Texas, USA (Business office) 14 Operational Baddi Manufacturing Facilities Gurugram Jodhpur 1,160k sq. ft Bawal Commissioned Manesar Manufacturing Plant area Pune (Ranjangaon) Pune City (Design Centre) 4 Stuttgart, Germany Global R&D Centers Bengaluru Design Global Certificatio
Slide 6: Our Trajectory
OUR TRAJECTORY Financial Performance Revenue Op. EBITDA Profit BeforeTax Profit AfterTax (₹ Million) (₹ Million) (₹ Million) (₹ Million) 3,238 1,845 38,361 2,392 869 655 999 9,043 FY21 FY25 FY21 FY25 FY21 FY25 FY21 FY25 Expanding Reach Number of Customers Commissioned Domestic Revenue Export Revenue
Slide 7: Profitability
PROFITABILITY Gross Margin Op. EBITDA Margin PBT Margin PAT Margin (₹ Million) (₹ Million) (₹ Million) (₹ Million) 25.1% 9.5% 8.5% 8.6% 5.9% 6.9% 6.2% 4.8% 22.6% 5.2% 3.9% 20.9% FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 6 Investor Presentation FY2025
Slide 8: Expanding Business Verticals
EXPANDING BUSINESS VERTICALS Automotive and Healthcare & Consumer Industrials Railways and IT Electric Mobility Medical Devices Industrials 22% 8% 7% 35% 29% 22% 8% 7% Smart Meter Battery Controller Auto HB-Meter Healthcare Wifi Router Interlocking System Railways EV Cluster Auto Power Supply Teleco
Slide 9: Our Business Verticals
OUR BUSINESS VERTICALS
Slide 10: Automotive and Electric Mobility
AUTOMOTIVE AND ELECTRIC MOBILITY EV Mobility Combustion & Accessories Dashboard & Infotainment Battery Management System Clusters Beacon Motor Controller Unit Engine/Fuel Control Unit Light Controllers Light Controllers Charging Infrastructure Display Controller Esteemed Clients Performance Strategi
Slide 11: Consumer
CONSUMER PCB Assemblies Power Supplies, Modems, RFID modules for FastTAG & Smart consumer electronics, including BLDC Hybrid STB, Wifi Routers logistics applications motors & water purification systems Strategic Priorities Esteemed Clients Performance ₹ Million • Drive growth in consumer 13,491 12,6
Slide 12: Industrials
INDUSTRIALS Smart Energy Meters Industrial Power Supplies, Industrial Cleaning Connectivity Solar Controllers Strategic Priorities Esteemed Clients Performance ₹ Million • Broaden industrial market 10,758 presence by delivering integrated 8,333 solutions in smart metering, power 6,422 management. 3,
Slide 13: Healthcare & Medical Devices
HEALTHCARE & MEDICAL DEVICES Personal Healthcare Power Supplies for High Precision Digital X-ray, Muscle Toning, Diagnostics Devices Medical Devices Dispensers Smart Canes and therapeutic devices Strategic Priorities Esteemed Clients Performance ₹ Million 2,912 • Broaden MedTech and medical 2,528 de
Slide 14: Railways and IT
RAILWAYS AND IT Signalling Systems, Door Controllers, Railway Cab Equipment and Memory Modules Motherboards & PCB Braking Systems for Railways Interlocking systems Assemblies Strategic Priorities Prestigious Clients Performance Snapshot- FY25 ₹ Million • Strengthen leadership in railway signaling an
Slide 15: Continuing Substantial Tailwinds
CONTINUING SUBSTANTIAL TAILWINDS Government India - Global Strong domestic Large import initiatives Manufacturing demand substitution Hub opportunity • Capitalizing on government • Attracting multinational • Capitalizing on the robust • Streamlining the ecosystem incentives such as (PLI), (MEIS) cus
Slide 16: Management
MANAGEMENT ➢ 18+ years of experience in electronics ➢ 40+ years of leadership experience in manufacturing sector electronics design and manufacturing ➢ Bachelor of science in electrical engineering; YPO ➢ Founding member of SGS Tekniks Private President’s Program from Harvard Business School Limited
Slide 17: Board of Directors
BOARD OF DIRECTORS ➢ 18+ years of experience in electronics ➢ 40+ years of leadership experience in manufacturing sector electronics design and manufacturing ➢ Bachelor of science in electrical engineering; YPO President’s Program from Harvard ➢ Founding member of SGS Tekniks Private Business School
Slide 18: Our ESG Initiatives
OUR ESG INITIATIVES ESG subcommittee in place headed by Managing director, Diversity, women comprising >40% of the workforce. with brief quarterly Board updates. Regular monitoring and measuring on Scope 1 (Direct Regular monitoring and measuring on Scope 1 (Direct emission), Scope 2 (indirect emiss
Slide 19: Key Focus Areas
KEY FOCUS AREAS Strengthen core Pursue inorganic Cater to new-age Partnering Marquee competitiveness of growth through products and Driving Operational Clients technology innovation strategic acquisition industries Efficiencies 18 Investor Presentation FY2025
Slide 20: Industry Outlook: Robust Demand Across Verticals
INDUSTRY OUTLOOK Auto Consumer Healthcare Industrial Railways & IT • Electric Mobility • 5G Devices. • Digitalisation • Utility Metering • Railway • Charging • Connected smart • Personal Health • 5G Infrastructure Modernisation Infrastructure devices • Smart Detection • Solar Energy • Metro Projects
Slide 21: FY2025 Performance
FY2025 Performance
Slide 22: Performance Highlights: FY25
PERFORMANCE HIGHLIGHTS: FY25 Financial Highlights Total Revenue: Operating EBITDA: EBITDA: ₹38,361 Mn +19% YoY ₹3,238 Mn +48% YoY ₹3,727 Mn +43% YoY, EBIDTA margin at 9.7% PBT: PAT: Operating Cash Flow: ₹2,392 Mn +43% YoY, ₹1,845 Mn +48% YoY, ₹ 1,765 Mn PBT margin at 6.2% PAT margin at 4.8% Operatio
Slide 23: Brief Summary of Financials (FY25)
BRIEF SUMMARY OF FINANCIALS (FY25) (₹ in Million) Particulars FY24 FY25 YoY Revenue From Operations 31,710 37,872 19.4% Other Income 415 489 17.9% Total Revenue 32,124 38,361 19.4% Cost of Materials Consumed 25,071 29,315 16.9% Gross Profit 6,638 8,557 28.9% Margin 20.9% 22.6% 1.7% Operating Expense
Slide 24: Financial Highlights (FY25)
FINANCIAL HIGHLIGHTS (FY25) Total Revenue EBITDA (₹ Million) (₹ Million) ₹ 38,361 ₹ 3,727 ₹ 32,124 ₹ 2,606 FY24 FY25 FY24 FY25 Profit Before Tax Profit After Tax (₹ Million) (₹ Million) ₹ 2,392 ₹ 1,845 ₹ 1,678 ₹ 1,243 FY24 FY25 FY24 FY25 23 Investor Presentation FY2025
Slide 25: Industry Segment FY25
INDUSTRY SEGMENT FY25 (₹ in Million) Industry FY24 FY25 YoY Auto 6,495 8,213 26% Consumer 12,608 13,491 7% Healthcare 2,528 2,912 15% Industrials 8,333 10,758 29% IT and Railways 1,574 2,493 58% Total 31,538 37,867 20% 24 Investor Presentation FY2025
Slide 26: Cash Flow (FY25)
CASH FLOW (FY25) (₹ in Million) Particulars FY24 FY25 PBT 1,664 2,371 Add: Depreciation 515 751 Finance cost 413 585 Others (350) (422) OCF before WC changes 2,242 3,284 Change in Receivables (5,144) (5,468) Change in Inventory (3,776) 1,824 Change in Trade Payables 7,283 3,549 Change in Other Curre
Slide 27: Balance Sheet (FY25)
BALANCE SHEET (FY25) (₹ in Million) Particulars FY24 FY25 ASSETS Property, plant and equipment 6,611 7,281 Goodwill 3,221 3,221 RoU Assets 862 1,358 Intangible 229 239 Investments 419 594 Tax Assets 105 160 Other non-current assets 3,041 299 Inventories 10,043 8,219 Trade receivables 9,301 14,775 Ca
Slide 28: Financial Ratios
FINANCIAL RATIOS Particulars FY24 FY25 EBITDA Margin (Ex Other Income,%) 6.9% 8.6% EBITDA Margin (%) 8.1% 9.7% PBT Margin (%) 5.2% 6.2% PAT Margin (%) 3.9% 4.8% Net Debt to EBITDA (LTM) 0.8 0.8 Debt to Equity 0.3 0.3 ROCE (%) 9.9% 12.4% ROCE (% Adj. of IPO Money and Goodwill) 15.2% 16.0% NWC Days 70
Slide 29: Working Capital
WORKING CAPITAL (₹ in Million) Consolidated No of days Particulars Mar'24 Mar'25 YoY Mar'24 Mar'25 YoY Inventories 10,043 8,219 (18%) 92 88 (4) Trade Receivables 9,301 14,775 59% 77 115 39 Total Current Assets 19,344 22,993 19% 168 203 35 Trade payables 12,231 15,744 29% 98 134 36 Total Current Liab
Slide 30: Debt and Cash
DEBT AND CASH (₹ in Million) Particulars 31-Mar-24 31-Mar-25 Term Loan 872 898 Working Capital Loan 4,891 5,213 Total Debt 5,763 6,112 Investments 3,158 514 Cash and cash Equivalents 856 2,958 Total Cash & Equivalents 4,014 3,471 Net Debt/(Cash) 1,749 2,640 29 Investor Presentation FY2025
Slide 31: Q4 FY2025 Performance
Q4 FY2025 Performance
Slide 32: Performance Highlights: Q4 FY25
PERFORMANCE HIGHLIGHTS: Q4 FY25 Financial Highlights (Q4FY25) Total Revenue: Operating EBITDA: EBITDA: ₹9,466 Mn (18%) YoY ₹1,155 Mn +39% YoY ₹1,298 Mn +44% YoY, EBIDTA margin at 13.7% PBT: PAT: Export Revenue: ₹934 Mn +53% YoY, ₹715 Mn +58% YoY, Export Revenue at 30% PBT margin at 9.9% PAT margin a
Slide 33: Brief Summary of Financials (Q4 FY25)
BRIEF SUMMARY OF FINANCIALS (Q4 FY25) (₹ in Million) Particulars Q4 FY24 Q3 FY25 Q4 FY25 QoQ YoY Revenue From Operations 11,425 8,697 9,324 7.2% (18.4)% Other Income 72 218 142 (34.6)% 97.4% Total Revenue 11,497 8,915 9,466 6.2% (17.7)% Cost of Materials Consumed 9,395 6,430 6,731 4.7% (28.3)% Gross
Slide 34: Financial Highlights (Q4 FY25)
FINANCIAL HIGHLIGHTS (Q4 FY25) Total Revenue EBITDA (₹ Million) (₹ Million) (18%) YoY 44% YoY ₹ 11,497 ₹ 1,298 ₹ 9,466 ₹ 1,013 ₹ 8,915 ₹ 903 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Profit Before Tax Profit After Tax (₹ Million) (₹ Million) 58% YoY 53% YoY ₹ 934 ₹ 715 ₹ 612 ₹ 657 530 ₹ 452 Q4
Slide 35: Industry Segment Q4 FY25
INDUSTRY SEGMENT Q4 FY25 (₹ in Million) Industry Q4 FY24 Q3 FY25 Q4 FY25 QoQ YoY Auto 1,809 2,081 2,146 3% 19% Consumer 5,220 2,704 1,897 (30%) (64%) Healthcare 1,166 734 929 27% (20%) Industrials 2,619 2,674 3,775 41% 44% IT and Railways 526 500 496 (1%) (6%) Total 11,341 8,692 9,244 6% (18%) 34 In
Slide 36: Thank you
Investors Contact: Thank you Nikhil Gupta, CFA Head – Investor Relations +91 11 4700 2122 investor.relations@syrmasgs.com www.syrmasgs.com/investor-relations/