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Syrma SGS Technology (NSE:SYRMA) Net Margin % : 3.08% (As of Mar. 2024)


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What is Syrma SGS Technology Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Syrma SGS Technology's Net Income for the three months ended in Mar. 2024 was ₹349 Mil. Syrma SGS Technology's Revenue for the three months ended in Mar. 2024 was ₹11,341 Mil. Therefore, Syrma SGS Technology's net margin for the quarter that ended in Mar. 2024 was 3.08%.

The historical rank and industry rank for Syrma SGS Technology's Net Margin % or its related term are showing as below:

NSE:SYRMA' s Net Margin % Range Over the Past 10 Years
Min: 3.4   Med: 5.83   Max: 10.61
Current: 3.4


NSE:SYRMA's Net Margin % is ranked better than
53.87% of 2465 companies
in the Hardware industry
Industry Median: 2.74 vs NSE:SYRMA: 3.40

Syrma SGS Technology Net Margin % Historical Data

The historical data trend for Syrma SGS Technology's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Syrma SGS Technology Net Margin % Chart

Syrma SGS Technology Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Net Margin %
10.61 7.19 5.48 5.83 3.40

Syrma SGS Technology Quarterly Data
Mar20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.23 4.74 3.98 2.20 3.08

Competitive Comparison of Syrma SGS Technology's Net Margin %

For the Electronic Components subindustry, Syrma SGS Technology's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Syrma SGS Technology's Net Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Syrma SGS Technology's Net Margin % distribution charts can be found below:

* The bar in red indicates where Syrma SGS Technology's Net Margin % falls into.



Syrma SGS Technology Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Syrma SGS Technology's Net Margin for the fiscal year that ended in Mar. 2024 is calculated as

Net Margin=Net Income (A: Mar. 2024 )/Revenue (A: Mar. 2024 )
=1073.28/31538.39
=3.40 %

Syrma SGS Technology's Net Margin for the quarter that ended in Mar. 2024 is calculated as

Net Margin=Net Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=349.4/11340.91
=3.08 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Syrma SGS Technology  (NSE:SYRMA) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Syrma SGS Technology Net Margin % Related Terms

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Syrma SGS Technology (NSE:SYRMA) Business Description

Traded in Other Exchanges
Address
MEPZ-SEZ, Sanatorium, Plot B27, Phase II, Zone B, Tambaram, Chennai, TN, IND, 600 045
Syrma SGS Technology Ltd is a technology focussed engineering and design company engaged in turnkey electronics manufacturing services, specializing in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.

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