{"id":240844,"date":"2026-09-10T12:42:56","date_gmt":"2026-09-10T07:12:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=240844"},"modified":"2026-09-10T12:42:56","modified_gmt":"2026-09-10T07:12:56","slug":"electronics-manufacturing-stock-rises-111-percent-in-1-year","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/","title":{"rendered":"This Electronics Manufacturing Stock Rises 111% in 1 Year: Profit Doubles, PCB Push Ahead"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP approximately Rs 1,604 (10 Sep 2026). 1-year return 111.16%. 52W range Rs 634.50 to Rs 1,660. Market cap Rs 31,279 Cr. Q1 FY27 PAT Rs 105.7 Cr vs Rs 49.9 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Syrma SGS Technology, an EMS and electronics design company, is the electronics manufacturing stock behind a return of approximately 111% in one year. The rally was driven by an 87% jump in FY26 profit, 67% revenue growth in Q1 FY27 and a shift toward exports, ODM and PCB manufacturing. At a PE near 78, further gains depend on margins holding up.<\/p>\n<\/div>\n<p>This electronics manufacturing stock has more than doubled investor money in a single year, rising approximately 111% over the last twelve months as of 10 September 2026. That puts it at rank 10 in our screen of 101 large-cap and mid-cap NSE shares, ahead of many better-known names in capital goods and technology, and making it one of the standout performers of the year.<\/p>\n<p>The company is <a href='https:\/\/univest.in\/stocks\/syrma\/syrma-sgs-technology-ltd-share-price-today'>Syrma SGS Technology Ltd<\/a> (NSE: SYRMA), a Chennai-based EMS and design company that makes printed circuit board assemblies, RFID tags, sensors, motors and box-build products for automotive, consumer, industrial, healthcare and railway customers. The Syrma SGS share price was trading near Rs 1,604 on 10 September 2026, about 1.1% below the previous close of Rs 1,622.40, giving the company a market value of approximately Rs 31,279 crore.<\/p>\n<p>A Rs 1 lakh investment made a year ago in this electronics manufacturing stock would now be worth roughly Rs 2.11 lakh. The rise came from real earnings growth, not a stock split or bonus issue, which makes the move worth studying in detail.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#How_Much_Has_This_Electronics_Manufacturing_Stock_Returned\" title=\"How Much Has This Electronics Manufacturing Stock Returned?\">How Much Has This Electronics Manufacturing Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Why_Did_This_Electronics_Manufacturing_Stock_Rise_111_in_1_Year\" title=\"Why Did This Electronics Manufacturing Stock Rise 111% in 1 Year?\">Why Did This Electronics Manufacturing Stock Rise 111% in 1 Year?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#1_Profits_Almost_Doubled_in_FY26\" title=\"1. Profits Almost Doubled in FY26\">1. Profits Almost Doubled in FY26<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#2_A_Record_Q1_FY27_With_67_Revenue_Growth\" title=\"2. A Record Q1 FY27 With 67% Revenue Growth\">2. A Record Q1 FY27 With 67% Revenue Growth<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#3_Shift_Toward_Higher-Margin_Segments\" title=\"3. Shift Toward Higher-Margin Segments\">3. Shift Toward Higher-Margin Segments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#4_Defence_Railway_Tie-Ups_and_the_PCB_Push\" title=\"4. Defence, Railway Tie-Ups and the PCB Push\">4. Defence, Railway Tie-Ups and the PCB Push<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Quarterly_Financials_of_the_Electronics_Manufacturing_Stock\" title=\"Quarterly Financials of the Electronics Manufacturing Stock\">Quarterly Financials of the Electronics Manufacturing Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Valuation_and_Shareholding_Who_Is_Buying_This_Electronics_Manufacturing_Stock\" title=\"Valuation and Shareholding: Who Is Buying This Electronics Manufacturing Stock?\">Valuation and Shareholding: Who Is Buying This Electronics Manufacturing Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Key_Risks_for_This_Electronics_Manufacturing_Stock\" title=\"Key Risks for This Electronics Manufacturing Stock\">Key Risks for This Electronics Manufacturing Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Syrma_SGS_Share_Analyst_View\" title=\"Syrma SGS Share: Analyst View\">Syrma SGS Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Syrma_SGS_Share_Price_Target\" title=\"Syrma SGS Share Price Target\">Syrma SGS Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Which_electronics_manufacturing_stock_rose_111_in_1_year\" title=\"Which electronics manufacturing stock rose 111% in 1 year?\">Which electronics manufacturing stock rose 111% in 1 year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Why_did_the_Syrma_SGS_share_price_rise_so_much\" title=\"Why did the Syrma SGS share price rise so much?\">Why did the Syrma SGS share price rise so much?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#What_were_Syrma_SGS_Q1_FY27_results\" title=\"What were Syrma SGS Q1 FY27 results?\">What were Syrma SGS Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#What_is_the_52-week_high_and_low_of_this_electronics_manufacturing_stock\" title=\"What is the 52-week high and low of this electronics manufacturing stock?\">What is the 52-week high and low of this electronics manufacturing stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Is_Syrma_SGS_overvalued_after_the_rally\" title=\"Is Syrma SGS overvalued after the rally?\">Is Syrma SGS overvalued after the rally?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#What_is_the_Syrma_SGS_share_price_target\" title=\"What is the Syrma SGS share price target?\">What is the Syrma SGS share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Is_Syrma_SGS_a_debt-free_company\" title=\"Is Syrma SGS a debt-free company?\">Is Syrma SGS a debt-free company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/electronics-manufacturing-stock-rises-111-percent-in-1-year\/#Should_I_buy_an_electronics_manufacturing_stock_after_a_111_rally\" title=\"Should I buy an electronics manufacturing stock after a 111% rally?\">Should I buy an electronics manufacturing stock after a 111% rally?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Electronics_Manufacturing_Stock_Returned\"><\/span><strong>How Much Has This Electronics Manufacturing Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>This electronics manufacturing stock returned 111.16% in one year, ranking 10th out of 101 stocks screened.<\/strong> The six-month number is almost as strong at 100.77%, which shows that most of the rally was packed into 2026 rather than spread evenly across the year.<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return (%)<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>8.78%<\/td>\n<td>21<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>100.77%<\/td>\n<td>7<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>111.16%<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>166.56%<\/td>\n<td>26<\/td>\n<\/tr>\n<tr>\n<td>Since listing (Aug 2022)<\/td>\n<td>525.38%<\/td>\n<td>17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The Syrma SGS share price hit its 52-week low of Rs 634.50 in January 2026 and the electronics manufacturing stock has since climbed to a 52-week high of Rs 1,660 on NSE. That is a gain of about 153% from the bottom in roughly eight months. Since the company listed only in August 2022, the longest-period figure reflects returns since listing rather than a full five years.<\/p>\n<p>The three-year return of 166.56% ranks lower at 26th, because the electronics manufacturing stock went through a weak phase in 2024 when margins shrank and the share corrected sharply. The latest rally is therefore as much a recovery in confidence as a fresh re-rating.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Electronics_Manufacturing_Stock_Rise_111_in_1_Year\"><\/span><strong>Why Did This Electronics Manufacturing Stock Rise 111% in 1 Year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The short answer is profit growth. Net profit nearly doubled in FY26, and the company kept delivering in the June 2026 quarter. Four separate triggers pushed this electronics manufacturing stock higher over the year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Profits_Almost_Doubled_in_FY26\"><\/span><strong>1. Profits Almost Doubled in FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Syrma SGS reported FY26 revenue from operations of approximately Rs 4,819 crore, up 27% from the previous year, while net profit rose about 87% to Rs 346 crore. Operating EBITDA came in at Rs 545 crore, ahead of management guidance. Few investors expected an electronics manufacturing stock with a history of thin margins to post this kind of profit growth.<\/p>\n<p>Every quarter of FY26 showed better profitability than the year before. Q2 FY26 profit rose about 77% year on year, and Q3 FY26 profit more than doubled to Rs 110 crore on revenue growth of around 45%. For an electronics manufacturing stock that had been punished for thin margins, this steady improvement changed the market narrative.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_A_Record_Q1_FY27_With_67_Revenue_Growth\"><\/span><strong>2. A Record Q1 FY27 With 67% Revenue Growth<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the June 2026 quarter, consolidated revenue jumped 67% to Rs 1,604 crore from Rs 960 crore a year earlier. Net profit more than doubled to Rs 105.7 crore from Rs 49.9 crore, and EBITDA climbed about 72% to Rs 176.6 crore.<\/p>\n<p>Management raised its FY27 revenue growth guidance to 35% or more and kept an EBITDA margin target of 10.5% to 11%. The order book stood at approximately Rs 6,770 crore, up 23% year on year, which gives this electronics manufacturing stock revenue visibility for the next several quarters.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Shift_Toward_Higher-Margin_Segments\"><\/span><strong>3. Shift Toward Higher-Margin Segments<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The company has been reducing its dependence on low-margin consumer electronics. The consumer share of revenue fell from about 36% to 30% in FY26, while automotive, industrial, healthcare, IT and railway work grew faster. That mix change is what separates a re-rated electronics manufacturing stock from a pure assembly play. In Q1 FY27, auto revenue rose 78%, healthcare doubled, and the IT and railways segment grew almost threefold.<\/p>\n<p>Exports crossed Rs 1,200 crore in FY26, up 41%, and management has set a target of Rs 1,500 crore for FY27. The company also wants its own-design (ODM) business to reach 25% of revenue from about 17% today, since design-led work earns better margins than pure assembly. This mix shift is a key reason this electronics manufacturing stock now trades at a premium valuation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Defence_Railway_Tie-Ups_and_the_PCB_Push\"><\/span><strong>4. Defence, Railway Tie-Ups and the PCB Push<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In September 2025, Syrma formed a 60:40 joint venture with Italy&#8217;s Elemaster for railway, industrial and medical electronics. In November 2025, it agreed to buy a 60% stake in Elcome Integrated Systems, a defence and maritime electronics company. In July 2026, the electronics manufacturing stock got another lift when the company announced a 60:40 joint venture with Japan&#8217;s Kaga Electronics to serve Japanese OEMs in India.<\/p>\n<p>The biggest long-term trigger is backward integration into printed circuit boards. Syrma plans multi-layer PCB and copper clad laminate capacity in Andhra Pradesh with a proposed investment of around Rs 1,593 crore, backed by approvals under the government&#8217;s Electronics Component Manufacturing Scheme (ECMS). In August 2026, a further Rs 60 crore coil manufacturing proposal was cleared. Commercial PCB production is expected from April 2027, with projected margins of 15% to 17%, well above the current EMS margin. If that plays out, the electronics manufacturing stock would own a higher-value part of the supply chain.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Quarterly_Financials_of_the_Electronics_Manufacturing_Stock\"><\/span><strong>Quarterly Financials of the Electronics Manufacturing Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below shows five quarters of consolidated numbers for this electronics manufacturing stock. Revenue rose every single quarter, from Rs 960 crore in June 2025 to Rs 1,604 crore in June 2026.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Net Margin (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>960.02<\/td>\n<td>102.66<\/td>\n<td>49.92<\/td>\n<td>5.27<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>1,154.63<\/td>\n<td>123.98<\/td>\n<td>66.34<\/td>\n<td>5.59<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>1,274.48<\/td>\n<td>169.69<\/td>\n<td>110.31<\/td>\n<td>8.34<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>1,476.84<\/td>\n<td>185.99<\/td>\n<td>119.23<\/td>\n<td>6.97<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>1,603.68<\/td>\n<td>176.65<\/td>\n<td>105.69<\/td>\n<td>6.30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>One point stands out. Profit in June 2026 was lower than in March 2026 even though revenue was higher, because EBITDA margin slipped to about 11% from nearly 12.6%. Management blamed supply chain costs, and margin is the metric that will decide how this electronics manufacturing stock trades in the coming quarters.<\/p>\n<p>On a yearly basis, revenue has grown from about Rs 1,284 crore in FY22 to over Rs 4,800 crore in FY26, and net profit has risen from Rs 76 crore to Rs 346 crore. Diluted EPS nearly doubled in FY26 to Rs 16.92 from Rs 9.52. Such compounding is rare for an electronics manufacturing stock of this size.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Shareholding_Who_Is_Buying_This_Electronics_Manufacturing_Stock\"><\/span><strong>Valuation and Shareholding: Who Is Buying This Electronics Manufacturing Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At around Rs 1,604, the electronics manufacturing stock trades at a price to earnings ratio of approximately 77.9 times trailing earnings, slightly above the industry PE of about 71.8. The price to book ratio is about 10.9, return on equity is 11.1%, and debt to equity is a low 0.14.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market cap<\/td>\n<td>Rs 31,279 Cr<\/td>\n<\/tr>\n<tr>\n<td>PE ratio (TTM)<\/td>\n<td>77.87<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>71.81<\/td>\n<\/tr>\n<tr>\n<td>Price to book<\/td>\n<td>10.93<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>11.10%<\/td>\n<\/tr>\n<tr>\n<td>Debt to equity<\/td>\n<td>0.14<\/td>\n<\/tr>\n<tr>\n<td>52-week range (NSE)<\/td>\n<td>Rs 634.50 to Rs 1,660<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The shareholding pattern has been broadly stable. Promoter holding eased slightly from 42.97% in September 2025 to 42.28% in June 2026. Foreign institutional investors raised their stake from 6.47% in December 2025 to 7.52% in June 2026, while domestic institutions held about 15.90%, down marginally from 16.59% in March 2026. Public shareholders owned approximately 34.30%.<\/p>\n<p>Rising foreign holding in an electronics manufacturing stock during a price rally usually signals conviction in the earnings story. However, the modest dip in domestic institutional holding shows that some funds booked profits as the electronics manufacturing stock moved higher.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_This_Electronics_Manufacturing_Stock\"><\/span><strong>Key Risks for This Electronics Manufacturing Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Valuation is the biggest risk.<\/strong> At nearly 78 times trailing earnings, the electronics manufacturing stock is priced for strong growth for several years. Any miss on revenue guidance or margins could trigger a sharp fall, as seen in 2024 when the share dropped about 18% in a day after a weak quarter.<\/p>\n<p><strong>Thin margins.<\/strong> EMS businesses earn single-digit net margins, and Syrma&#8217;s net margin was only 6.3% in Q1 FY27. Rising component prices, currency swings or supply chain disruption can quickly squeeze profit at any electronics manufacturing stock, including this one.<\/p>\n<p><strong>Execution on new projects.<\/strong> The PCB plant, the defence acquisition and three joint ventures all need capital and management attention. Delays in approvals, customer qualification or ramp-up could push back the expected margin gains. Government incentives are helpful, but they do not assure profits for an electronics manufacturing stock.<\/p>\n<p><strong>Consumer and policy dependence.<\/strong> Consumer electronics still make up about a third of revenue, and part of the growth story depends on continued government support for local manufacturing. Any change in these schemes could hurt sentiment toward this electronics manufacturing stock and the wider EMS sector.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Syrma SGS share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Syrma_SGS_Share_Analyst_View\"><\/span><strong>Syrma SGS Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analysts remain positive on the growth outlook but are more cautious on valuation after the rally. A domestic brokerage expects revenue, EBITDA and adjusted profit to grow at a compound rate of 32%, 35% and 39% respectively through FY28, driven by exports, ODM work and the new PCB business. That is a strong forecast for an electronics manufacturing stock already worth over Rs 31,000 crore.<\/p>\n<p>Another domestic brokerage highlighted the Rs 6,770 crore order book, higher FY27 growth guidance and backward integration as reasons to stay constructive on this electronics manufacturing stock. Credit rating agency India Ratings also upgraded the company&#8217;s long-term rating to IND AA\/Stable, which supports lower borrowing costs for the expansion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Syrma_SGS_Share_Price_Target\"><\/span><strong>Syrma SGS Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most recent verified Syrma SGS share price target is Rs 1,680 from a domestic brokerage with a buy rating, set on 31 July 2026 when the stock was near Rs 1,378. With the electronics manufacturing stock now around Rs 1,604, that target implies only about 5% upside, which means much of the expected gain has already played out.<\/p>\n<p>An earlier Syrma SGS share price target of Rs 1,300, set by another domestic brokerage in June 2026, has already been crossed. When a share runs past analyst targets this quickly, fresh upgrades usually depend on the next set of results. For now, the 52-week high of Rs 1,660 acts as the near-term resistance level, and a fresh target above that would need stronger margins from the PCB business.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Syrma SGS earned its 111% one-year gain through real numbers: an 87% jump in FY26 profit, a 67% revenue surge in Q1 FY27 and a clear move toward higher-margin exports, ODM and PCB manufacturing. This electronics manufacturing stock has rewarded patient investors who held through the weak 2024 phase.<\/p>\n<p>The next leg is harder. The Syrma SGS share price already sits close to the latest analyst target and trades at a steep PE. Investors watching this electronics manufacturing stock should track EBITDA margins, export growth and the April 2027 PCB start date before adding fresh positions, and consider staggered buying rather than chasing the rally. A quality electronics manufacturing stock can still disappoint if it is bought at the wrong price.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. 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).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_electronics_manufacturing_stock_rose_111_in_1_year\"><\/span><strong>Which electronics manufacturing stock rose 111% in 1 year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Syrma SGS Technology (NSE: SYRMA) is the electronics manufacturing stock that gained approximately 111.16% over one year as of 10 September 2026. It ranked 10th among 101 large-cap and mid-cap NSE stocks in our screen.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Syrma_SGS_share_price_rise_so_much\"><\/span><strong>Why did the Syrma SGS share price rise so much?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The rally was driven by an 87% jump in FY26 net profit, 67% revenue growth in Q1 FY27 and a shift toward higher-margin automotive, healthcare, export and ODM business. Plans for PCB manufacturing under the ECMS scheme and a defence acquisition added to investor interest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Syrma_SGS_Q1_FY27_results\"><\/span><strong>What were Syrma SGS Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Syrma SGS reported Q1 FY27 revenue of approximately Rs 1,604 crore, up 67% from Rs 960 crore a year earlier. Net profit more than doubled to Rs 105.7 crore, while EBITDA rose about 72% to Rs 176.6 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_52-week_high_and_low_of_this_electronics_manufacturing_stock\"><\/span><strong>What is the 52-week high and low of this electronics manufacturing stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On NSE, Syrma SGS has a 52-week high of Rs 1,660 and a 52-week low of Rs 634.50, touched in January 2026. The share traded near Rs 1,604 on 10 September 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Syrma_SGS_overvalued_after_the_rally\"><\/span><strong>Is Syrma SGS overvalued after the rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The share trades at a PE of approximately 77.9 against an industry PE of about 71.8, so the valuation is rich. Investors are paying for future growth in this electronics manufacturing stock, which leaves little room for any earnings disappointment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Syrma_SGS_share_price_target\"><\/span><strong>What is the Syrma SGS share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The latest verified Syrma SGS share price target is Rs 1,680 from a domestic brokerage, set in July 2026. That implies about 5% upside from around Rs 1,604, and targets are estimates, not assured outcomes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Syrma_SGS_a_debt-free_company\"><\/span><strong>Is Syrma SGS a debt-free company?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Syrma SGS is not fully debt-free, but its debt to equity ratio is low at about 0.14. Part of the planned PCB capex will be funded through debt and government incentives, so borrowings may rise moderately.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_an_electronics_manufacturing_stock_after_a_111_rally\"><\/span><strong>Should I buy an electronics manufacturing stock after a 111% rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> After a 111% rise, much of the good news is already in the price, so volatility and valuation risk are higher. Staggered buying, a clear stop loss and tracking quarterly margins are sensible, and consulting a SEBI-registered advisor is recommended.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which electronics manufacturing stock rose 111% in 1 year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Syrma SGS Technology (NSE: SYRMA) is the electronics manufacturing stock that gained approximately 111.16% over one year as of 10 September 2026. It ranked 10th among 101 large-cap and mid-cap NSE stocks in our screen.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Syrma SGS share price rise so much?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The rally was driven by an 87% jump in FY26 net profit, 67% revenue growth in Q1 FY27 and a shift toward higher-margin automotive, healthcare, export and ODM business. 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The share traded near Rs 1,604 on 10 September 2026.\"}},{\"@type\":\"Question\",\"name\":\"Is Syrma SGS overvalued after the rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The share trades at a PE of approximately 77.9 against an industry PE of about 71.8, so the valuation is rich. Investors are paying for future growth in this electronics manufacturing stock, which leaves little room for any earnings disappointment.\"}},{\"@type\":\"Question\",\"name\":\"What is the Syrma SGS share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The latest verified Syrma SGS share price target is Rs 1,680 from a domestic brokerage, set in July 2026. That implies about 5% upside from around Rs 1,604, and targets are estimates, not assured outcomes.\"}},{\"@type\":\"Question\",\"name\":\"Is Syrma SGS a debt-free company?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Syrma SGS is not fully debt-free, but its debt to equity ratio is low at about 0.14. Part of the planned PCB capex will be funded through debt and government incentives, so borrowings may rise moderately.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy an electronics manufacturing stock after a 111% rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"After a 111% rise, much of the good news is already in the price, so volatility and valuation risk are higher. Staggered buying, a clear stop loss and tracking quarterly margins are sensible, and consulting a SEBI-registered advisor is recommended.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One EMS and design company turned about Rs 1 lakh into Rs 2.11 lakh in a year. Here is what drove the 111% rally and the risks investors should weigh.<\/p>\n","protected":false},"author":29,"featured_media":240842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-240844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["240842"],"rank_math_title":["Electronics Manufacturing Stock Up 111% in 1 Year: Why It Rose"],"rank_math_description":["This electronics manufacturing stock rose approximately 111% in 1 year as profit nearly doubled. See the quarterly numbers, PCB plans, analyst view and the key risks."],"rank_math_focus_keyword":["electronics manufacturing stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/electronics-manufacturing-stock-rises-111-percent-in-1-year.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/240844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=240844"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/240844\/revisions"}],"predecessor-version":[{"id":240846,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/240844\/revisions\/240846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/240842"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=240844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=240844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=240844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}