• FY27 growth guidance: The company targets roughly 30% growth across revenue, EBITDA, and PBT, with exports expected to exceed ₹1,500 crore. EBITDA margins are conservatively guided at 10% to 11% due to elevated raw material costs and logistics uncertainties in the Middle East.
• Smart meter strategy: Management is intentionally being selective in the domestic energy metering vertical to protect cash flows from delayed DISCOM payments. Total working capital cycle improved from 69 days to 63 days, or 58 days excluding the newly added Elecom business.
• Order book momentum: Syrma's order book stands above ₹6,600 crore, comprising consumer (30%), automotive (29%), industrial (25%), IT and railways (10%), and healthcare (5%). Elecom's revenue is projected to rise to ₹250–300 crore in the coming year with EBITDA exceeding ₹80 crore.
• PCB project capex: The PCB manufacturing facility remains on track to begin trial production in Q4 FY27 despite temporary labor constraints, with committed capex reaching approximately $40 million through March 2027.