
Avalon Technologies vs Syrma SGS Technology: Share Price, Comparison and Key Differences
Avalon Technologies MCap Rs 13,138 Cr, PE 98.32x, ROE 15.65%, D/E 0.29. Syrma SGS Technology MCap Rs 27,453 Cr, PE 68.35x, ROE 11.10%, D/E 0.14.
Updated: 12 Aug 2026 • 12:43 pm
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Avalon Technologies vs Syrma SGS Technology is a comparison EMS (Electronics Manufacturing Services) investors look up when evaluating two listed Indian electronics contract manufacturers. Avalon Technologies, a Chennai-based company (listed 2023), is a full-system EMS company providing box builds, cable assemblies, PCB assemblies and complete electronic system integration for industrial, medical, clean energy and defence customers. Syrma SGS Technology, a Chennai-based company, is an EMS company providing PCB assemblies, RFID products and electronic manufacturing for automotive, railway, medical, IT and consumer electronics customers. Both Avalon vs Syrma SGS are Indian mid-size EMS companies.
This Avalon Technologies vs Syrma SGS Technology article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.
Reach and Market Position
In this Avalon Technologies vs Syrma SGS Technology comparison, Avalon Technologies supplies complete electronic systems and sub-assemblies to customers in the USA, Europe and India in industrial, medical and defense verticals. Market capitalisation is Rs 13,138 Cr.
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Syrma SGS Technology supplies PCB assemblies, RFID and electronic assemblies to automotive, railway, IT, consumer electronics and medical customers in India and internationally. Market capitalisation is Rs 27,453 Cr.
Key Products and Business Mix
For the Avalon Technologies vs Syrma SGS Technology product breakdown, Avalon Technologies: Avalon earns from full-system EMS for industrial automation, clean energy, medical devices and defence electronics. EPS is Rs 20.00. PE is 98.32x, ROE 15.65 percent, D/E 0.29.
Syrma SGS Technology: Syrma SGS earns from PCB assemblies, RFID products and electronic manufacturing services for diversified end markets. EPS is Rs 20.83. PE is 68.35x, ROE 11.10 percent, D/E 0.14.
Latest Results and Financial Data
On the Avalon Technologies vs Syrma SGS Technology results front: Avalon Technologies has a market cap of Rs 13,138 Cr and PE of 98.32x. ROE is 15.65 percent. Avalon is 2.1 times smaller than Syrma SGS on market cap.
Syrma SGS Technology has a market cap of Rs 27,453 Cr and PE of 68.35x. ROE is 11.10 percent. Syrma SGS is larger, cheaper on PE and has a slightly lower ROE than Avalon.
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Stock Performance and Valuation
Investors tracking the Avalon Technologies vs Syrma SGS Technology comparison should verify current prices on NSE or BSE before trading. The Avalon Technologies vs Syrma SGS Technology stock data below reflects the latest available figures from Groww and public company filings.
Avalon vs Syrma SGS at current valuations: Avalon trades at Rs 13,138 Cr market cap, PE 98.32x, ROE 15.65 percent. Syrma trades at Rs 27,453 Cr market cap, PE 68.35x, ROE 11.10 percent. Syrma is cheaper on PE and larger. Avalon has a higher ROE but more expensive PE.
Avalon Technologies vs Syrma SGS Technology: Quick Comparison Table
The comparison table below summarises the key metrics side by side.
| Parameter | Avalon Technologies | Syrma SGS Technology |
|---|---|---|
| Sector | Full-system EMS: box builds + cable + PCB (industrial, medical, defence, USA) | PCB assemblies + RFID + electronic manufacturing (auto, railway, IT, consumer) |
| Market Cap | Rs 13,138 Cr | Rs 27,453 Cr |
| P/E Ratio | 98.32x | 68.35x |
| ROE | 15.65% | 11.10% |
| Debt to Equity | 0.29 | 0.14 |
| Specialty | Full system EMS (box build, cables, complete) | PCB assembly + RFID + diverse electronics |
| Listed | 2023 | 2022 |
Conclusion
The Avalon Technologies vs Syrma SGS Technology comparison above covers reach, products, results and valuation. Avalon Technologies vs Syrma SGS Technology covers two Indian mid-size EMS companies in different product niches. Avalon has full-system capability with USA and European exposure in high-value industrial segments. Syrma SGS has a diversified domestic EMS model with RFID capabilities. Avalon vs Syrma investors should track order book, revenue growth and the Indian electronics PLI scheme impact. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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).
Frequently Asked Questions
What does Avalon Technologies make?
Ans. Avalon Technologies provides complete electronic system integration – cable assemblies, PCB assemblies, sheet metal fabrication and box builds (complete working units) for industrial automation, clean energy, medical devices and defence electronics.
What does Syrma SGS Technology make?
Ans. Syrma SGS Technology provides PCB assemblies, RFID (Radio Frequency Identification) products, antenna design and electronic manufacturing services for automotive, railway, IT hardware, consumer electronics and medical device OEMs.
What is RFID?
Ans. RFID (Radio Frequency Identification) uses radio frequency to read and track tags attached to objects. RFID is used in retail (inventory tracking), logistics (package tracking), access control and automotive (keyless entry).
Are Avalon and Syrma in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger?
Ans. Syrma SGS Technology at Rs 27,453 Cr is approximately 2.1 times larger than Avalon Technologies at Rs 13,138 Cr.
What is box build EMS?
Ans. Box build in EMS refers to assembling a complete, working electronic product (the box) – integrating PCBs, cables, enclosures, firmware and all components into a finished unit for the OEM customer.
Is Avalon listed recently?
Ans. Yes. Avalon Technologies IPO listed in April 2023. Syrma SGS Technology listed in August 2022.
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