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Suyog Telematics Ltd (SUYOG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537259 NSE: SUYOG Telecom-Infrastructure | Small Cap | Suyog Telematics Share Price

₹645.85 -15.90 (-2.40%)

As on 18-Sep'26 16:59

Suyog Telematics Ltd (SUYOG)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 537259 NSE: SUYOG Telecom-Infrastructure | Small Cap | Suyog Telematics Share Price

₹645.85 -15.90 (-2.40%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹757 Cr.
Current Price
₹645.9
52-Week Low / High
₹525 / 920
TTM EPS
₹51.4
TTM Sales
₹238 Cr.
Book Value per Share
₹404.2
P/E Ratio
12.56
Lower than its 5-year historical median
Industry PE
20.4
Price to Book (P/B)
1.60
Lower than its 5-year historical median
Price to Sales (P/S)
3.18
Lower than its 5-year historical median
EV/EBITDA
5.11
Lower than its 5-year historical median
Dividend Yield
0.15%
Profitability Efficiency
Return on Equity (ROE)
15.32%
Outperforms industry median
Return on Capital Employed (ROCE)
18.73%
Outperforms industry median
Return on Assets (ROA)
7.76%
Operating Profit Margin
74%
Net Profit Margin
28.43%
Gross Profit Margin
65.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
8.63%
Operating Profit Growth (1 Year)
-
49.05%
Net Profit Growth (1 Year)
-
55.54%
Asset Quality
Promoter Holding
51.64%
Pledged shares (%) of Promoter's holding (%)
6.61%
Reserves
₹462 Cr.
Equity
₹11.7 Cr.
Face Value
₹10
All Time Low / High
₹20.42 / 1969.00

Suyog Telematics stock performance

Key Ratios
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Check Before You Invest

Valuation

Overvalued

Price Trend

Weak
Q.1 Is Suyog Telematics Ltd a good quality company?
Suyog Telematics Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Suyog Telematics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Suyog Telematics Ltd vs industry peers?
Suyog Telematics Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Suyog Telematics Ltd?
Promoters hold 51.64% of the Suyog Telematics Ltd, with 6.61% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of Suyog Telematics Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.3% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Suyog Telematics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 33.2%26.3%34.4%30.5%29.8%33%26.2%25.5%16%18.1%-
Value Creation
Index
1.40.91.51.21.11.40.90.80.10.3-

Growth Parameters

Sales 60.584.6105122132126144167193209223
Sales YoY Gr.-39.8%24.5%16.1%7.7%-4.1%13.7%16%15.6%8.6%-
Adj EPS 16.718.228.232.52439.544.259.436.453.250.5
YoY Gr.-9.1%55%15.4%-26.1%64.3%11.9%34.4%-38.7%45.9%-
BVPS (₹) 49.167.294.9124.5128.9168.7212279.9327.5391.2403.1
Adj Net
Profit
1718.528.63324.441.446.363.340.662.359
Cash Flow from Ops. -0.832.739.858.759.746.6677271.162-
Debt/CF from Ops. -76.71.91.50.70.71.21.41.21.72.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 14.8%9.7%13.4%8.6%
Adj EPS 13.7%17.2%6.4%45.9%
BVPS25.9%24.9%22.7%19.5%
Share Price 7.3% 10.1% 2.5% -20.3%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
39.130.534.329.41824.921.923.811.61412.7
Op. Profit
Mgn %
47.639.749.645.549.868.664.670.457.274.870.2
Net Profit
Mgn %
2821.827.22718.532.832.23821.129.826.6
Debt to
Equity
1.20.90.60.30.30.30.40.30.30.3-
Working Cap
Days
288269264278267265283282278360174
Cash Conv.
Cycle
3711-47-98-96-67-55-38663582

Valuation of Suyog Telematics - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *7.937.937.937.937.257.187.186.566.566.61
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'24Mar'25Mar'26
Sales167193222
Operating Expenses + 498258
Manufacturing Costs115
Material Costs171915
Employee Cost 154521
Other Costs 161717
Operating Profit 117110164
Operating Profit Margin (%) 70.4%57.2%74.0%
Other Income + 896
Exceptional Items 000
Interest 191724
Depreciation 344762
Profit Before Tax 715683
Tax 81520
Profit After Tax 634163
PAT Margin (%) 38.0%21.1%28.4%
Adjusted EPS (₹)59.436.453.8
Dividend Payout Ratio (%)2.10%4.90%1.90%
PARTICULARSMar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 298365459
Share Capital 111112
Reserves 288353447
Debt +607296
Long Term Debt556995
Short Term Debt532
Minority Interest00-0
Trade Payables162639
Others Liabilities 126222348
Total Liabilities 500684943

Fixed Assets

Net Fixed Assets +366429592
Gross Block475576798
Accumulated Depreciation110147207
CWIP 74688
Investments 010
Inventories788
Trade Receivables466462
Cash Equivalents 43718
Others Assets 7099176
Total Assets 500684943
PARTICULARSMar'24Mar'25Mar'26
Cash Flow From Operating Activity + 727966
PBT 715683
Adjustment 337282
Changes in Working Capital -19-37-80
Tax Paid -13-13-20
Cash Flow From Investing Activity + -63-141-112
Capex -64-138-95
Net Investments -0-5-20
Others 123
Cash Flow From Financing Activity + -78527
Net Proceeds from Shares 003
Net Proceeds from Borrowing 01426
Interest Paid -0-0-12
Dividend Paid -1-1-2
Others -67312
Net Cash Flow 123-20
PARTICULARSMar'24Mar'25Mar'26
Ratios
ROE (%)21.2212.2315.32
ROCE (%)23.681618.73
Asset Turnover Ratio0.330.330.27
PAT to CFO Conversion(x)1.141.931.05
Working Capital Days
Receivable Days101.20104103.50
Inventory Days1614.5012.80
Payable Days338.80390802.80

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Suyog Telematics Ltd FAQs

The current trading price of Suyog Telematics on 18-Sep-2026 16:59 is ₹645.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 17-Sep-2026 the market cap of Suyog Telematics stood at ₹756.8 Cr

The latest P/E ratio of Suyog Telematics as of 17-Sep-2026 is 12.78.

The latest P/B ratio of Suyog Telematics as of 17-Sep-2026 is 1.60.

The 52-week high of Suyog Telematics is ₹920.0 and the 52-week low is ₹525.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Suyog Telematics is ₹223 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Suyog Telematics Ltd is a below average quality company.

The key valuation ratios of Suyog Telematics Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Suyog Telematics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Suyog Telematics Ltd

Suyog Telematics is a growing passive telecommunication infrastructure provider in India, engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (OFC) Systems in India. The company’s business is to build, own and operate telecommunication Poles, Towers (particularly Roof-top towers), OFC systems and related assets and to provide these passive infrastructure assets on a shared basis to wireless and other communications service providers. These customers use the space on the company’s telecommunication towers to install active communication-related equipment to operate their wireless communications networks. The company also offers services to Telecom Operators in installing Telecom Infrastructure on job work basis.

The company is registered as Infrastructure Provider Category-I (IP-I) with DoT (Department of Telecommunications). With its high quality, cost-effective and time bound services, the company has also gained a good presence in the Telecom Industry as a TSP Vendor. The company has provided a number of Poles and Infrastructure on lease over various areas in and around Maharashtra and Uttarakhand and has also installed BTS equipments on poles for most of the leading Mobile Service Providers in India, including, Bharti Airtel, Vodafone Essar, Idea Cellular and TTML.

Having been in the business of civil construction for over 2 decades, the company’s group has completed installation of more than 200 Poles for various TSPs and about 10,000 Roof-Top Towers for BSNL on job work basis. As on September 30, 2013, the company’s fully completed owned portfolio of passive infrastructure consists of 359 Poles in and around Mumbai and 79 towers in and around Maharashtra and Uttarakhand. In addition, the company has its own optical fiber cable network of about 150 km in and around Mumbai.

Services:

Fiber Optic Network Solution: The company is a prominent Service Provider of Fiber Optic Network Solution. It has set up its own optical fiber cable network of about 150 km from Thane Ghodbunder Road to Kalamboli. The main benefits of OFC are exceptionally low loss, allowing longer distances between amplifiers and repeaters, and inherently high data-carrying capacity. For example, several thousand electrical links can replace a single high bandwidth fiber cable. In addition, OFC does not require line of sight, a common constraint for microwave networks.

Tower Erection Service: The company is a well-known name in the domain engaged in providing Tower Erection Service. It is in the business of installing Roof Top Towers and providing the same to telecom service providers on a sharing basis. It has a tenancy of one per tower. These telecommunication towers have been used for both CDMA and GSM needs. The company’s Roof Top Towers are normally 15 meters in height and are considered structurally stable assuming a wind speed of 180 km per hour.

Pole Erection Service: Since it is not possible to erect regular network towers, etc. atop flyovers/bridges, the company has spearheaded the concept of Poles for telecom infrastructure. The company is engaged in taking up Pole Erection Service for its clients. The company has provided a number of Poles and Infrastructure on lease over several MSRDC Flyovers, Bandra-Worli Sea Link Project, MMRDA Flyovers as well as Skywalks in and around Mumbai, and has also installed BTS equipments on poles for the telecom service providers.

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