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Syrma SGS vs Cyient DLM vs Centum Electronics: Which Stock Should You Track

  • September 28, 2026
  • Posted by: Kunal Singla
  • Category: Market
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Syrma SGS vs Cyient DLM vs Centum Electronics: Which Stock Should You Track

Syrma SGS Technology PE 83.19, mkt cap Rs 33,415 crore. Cyient DLM PE 90.07, mkt cap Rs 7,393 crore. Centum Electronics PE 143.64, mkt cap Rs 7,085 crore.

Quick Answer

Syrma SGS Technology vs Cyient DLM vs Centum Electronics is a side-by-side comparison of three companies from the Electronics Manufacturing Services space. On this comparison, Syrma SGS Technology carries a market capitalisation of about Rs 33,415 crore against Rs 7,393 crore for Cyient DLM and Rs 7,085 crore for Centum Electronics, with return on equity of 11.10%, 7.24% and 29.34% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.

Syrma SGS Technology vs Cyient DLM vs Centum Electronics starts with the core numbers most investors compare within the Electronics Manufacturing Services segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.

All three names sit in the Electronics Manufacturing Services bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.

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Table of Contents

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  • Syrma SGS Technology, Cyient DLM and Centum Electronics: Company Overview
  • Syrma SGS Technology vs Cyient DLM vs Centum Electronics: Valuation and Profitability Snapshot
  • Syrma SGS Technology vs Cyient DLM vs Centum Electronics: Latest Quarterly Results
  • What Should Investors Look at Beyond These Numbers?
  • Conclusion
  • FAQs on Syrma SGS Technology vs Cyient DLM vs Centum Electronics
    • What is the market cap difference between Syrma SGS Technology, Cyient DLM and Centum Electronics?
    • Which of the three has the highest PE ratio?
    • Which of the three has the highest ROE?
    • Which of these three stocks pays the highest dividend yield?
    • What is the debt to equity ratio for Syrma SGS Technology, Cyient DLM and Centum Electronics?
    • Which of the three trades at the highest price to book value?
    • Is one of Syrma SGS Technology, Cyient DLM or Centum Electronics better than the others?

Syrma SGS Technology, Cyient DLM and Centum Electronics: Company Overview

Syrma SGS Technology is a listed Indian company in the Electronics Manufacturing Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Cyient DLM is a listed Indian company in the Electronics Manufacturing Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Centum Electronics is a listed Indian company in the Electronics Manufacturing Services space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.

Syrma SGS Technology vs Cyient DLM vs Centum Electronics: Valuation and Profitability Snapshot

Metric Syrma SGS Technology Cyient DLM Centum Electronics
Market Cap (approx.) Rs 33,415 crore Rs 7,393 crore Rs 7,085 crore
PE Ratio (TTM) 83.19 90.07 143.64
PB Ratio 11.67 7.30 20.64
Return on Equity (ROE) 11.10% 7.24% 29.34%
EPS (TTM, Rs) 20.83 10.34 33.41
Dividend Yield 0.09% 0.00% 0.10%
Debt to Equity 0.14 0.17 0.36
Book Value per Share (Rs) 148.44 127.50 232.51

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On valuation, Syrma SGS Technology trades at a PE of 83.19 and a PB of 11.67, Cyient DLM at a PE of 90.07 and a PB of 7.30, while Centum Electronics trades at a PE of 143.64 and a PB of 20.64. On return on equity, the three post 11.10%, 7.24% and 29.34% respectively, and on dividend yield they stand at 0.09%, 0.00% and 0.10%.

Syrma SGS Technology vs Cyient DLM vs Centum Electronics: Latest Quarterly Results

Company Latest Quarter Revenue Latest Quarter Net Profit YoY Change (Revenue) QoQ Change (Revenue)
Syrma SGS Technology Rs 1,603.68 crore Rs 105.69 crore +67.0% +8.6%
Cyient DLM Rs 374.07 crore Rs 16.29 crore +32.4% -0.0%
Centum Electronics Rs 206.46 crore Rs 105.50 crore +13.7% -40.7%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.

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What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three electronics manufacturing services names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.

Conclusion

Syrma SGS Technology vs Cyient DLM vs Centum Electronics highlights how differently three companies in the same electronics manufacturing services segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

FAQs on Syrma SGS Technology vs Cyient DLM vs Centum Electronics

What is the market cap difference between Syrma SGS Technology, Cyient DLM and Centum Electronics?

Ans. As of September 2026, Syrma SGS Technology has a market cap of approximately Rs 33,415 crore, Cyient DLM is at approximately Rs 7,393 crore, and Centum Electronics is at approximately Rs 7,085 crore.

Which of the three has the highest PE ratio?

Ans. Among Syrma SGS Technology, Cyient DLM and Centum Electronics, the PE ratios stand at 83.19, 90.07 and 143.64 respectively as of September 2026.

Which of the three has the highest ROE?

Ans. Syrma SGS Technology, Cyient DLM and Centum Electronics post ROE of 11.10%, 7.24% and 29.34% respectively as of September 2026.

Which of these three stocks pays the highest dividend yield?

Ans. Syrma SGS Technology, Cyient DLM and Centum Electronics carry dividend yields of 0.09%, 0.00% and 0.10% respectively.

What is the debt to equity ratio for Syrma SGS Technology, Cyient DLM and Centum Electronics?

Ans. Syrma SGS Technology carries a debt to equity of 0.14, Cyient DLM of 0.17, and Centum Electronics of 0.36.

Which of the three trades at the highest price to book value?

Ans. Syrma SGS Technology, Cyient DLM and Centum Electronics trade at price to book ratios of 11.67, 7.30 and 20.64 respectively.

Is one of Syrma SGS Technology, Cyient DLM or Centum Electronics better than the others?

Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.



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Author: Kunal Singla
Kunal Singla is the Associate Director - Research at Univest, leading quantitative equity research, intraday trading setups, and derivatives strategy. With 4+ years of experience in Indian equity markets, he combines rigorous quantitative methods with classical technical analysis to build high-conviction research frameworks for retail and advisory clients. He holds an MSc from the Indian Institute of Technology (IIT) Delhi — one of India's most selective institutions — and has completed the Certificate in Quantitative Finance (CQF), a globally recognised programme covering derivatives pricing, risk modelling, machine learning for finance, and advanced portfolio theory. This combination places him in a small group of Indian analysts with both deep academic training in quantitative methods and SEBI-recognised research credentials. Kunal holds seven SEBI-recognised NISM certifications spanning research, derivatives, portfolio management, and securities operations: Series-XV (Research Analyst), Series-XXI-A (Portfolio Managers), Series-XVI (Commodity Derivatives), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-V-A (Mutual Fund Distributors), and Series-I (Currency Derivatives). At Univest — India's SEBI-registered research and advisory platform — Kunal leads research inputs for Pro Lite, Pro Super, Pro Gold, and Pro Commodity advisory services, alongside publishing intraday stock picks on Univest Blogs.

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