Suyog Telematics Ltd. (SUYOG) AI Stock Analysis

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Suyog Telematics Ltd.

(NSE:SUYOG)

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Rating:65Neutral

Price Target:INR 485.00▼(-10.96% Downside)

Action:reiterated

Date:10/22/26

Strong profitability, rapid growth, and attractive valuation are the main positives. The score is constrained by negative free cash flow, weaker cash conversion, rising debt, and clearly bearish technical momentum despite oversold indicators.

Positive Factors

FY2026 Revenue and Profit GrowthThe sharp FY2026 increase in revenue and net income indicates substantially improved operating scale and earnings capacity. If the expanded business base is maintained, it can support reinvestment, strengthen the company’s market position, and provide a stronger foundation for future growth.

Negative Factors

Negative Free Cash FlowNegative free cash flow means reported profits are not yet translating consistently into cash available after investment requirements. Continued cash shortfalls could constrain internally funded growth, increase reliance on financing, and make earnings quality more dependent on execution.

Suyog Telematics Ltd. (SUYOG) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 7.54B
Dividend Yield: 0.18%
Average Volume (3M): 2,060
Price to Earnings (P/E): 10.4
Beta (1Y): 1.12
Revenue Growth: 11.48%
EPS Growth: 37.10%
Country: India
Employees: 409
Sector: General
Sector Strength: 55
Industry: Telecommunications Services

Suyog Telematics Ltd. Business Overview & Revenue Model

Company Description

Suyog Telematics Ltd. operates as an Indian provider of passive infrastructure solutions for the telecommunications sector. Its extensive range of services and products supports telecom operators and internet service providers, encompassing ground-mo...

How the Company Makes Money

The company primarily makes money by monetizing telecom infrastructure it owns and operates, with revenues typically generated through long-term commercial arrangements with telecom operators (tenants) who place their equipment on SUYOG-managed tower...

Suyog Telematics Ltd. Financial Statement Overview

Summary

Strong profitability and exceptional revenue growth support the score, while a solid but increasingly leveraged balance sheet provides additional strength. However, weak cash conversion and persistently negative free cash flow materially reduce the score.

Income Statement

82Very Positive

Balance Sheet

77Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2025	Mar 2024
Income Statement
Total Revenue	1.05B	2.22B	1.93B
Gross Profit	981.35M	1.19B	1.73B
EBITDA	512.37M	1.64B	1.19B
Net Income	28.40M	630.31M	4.74M
Balance Sheet
Total Assets	7.72B	9.43B	6.84B
Cash, Cash Equivalents and Short-Term Investments	164.28M	175.64M	373.23M
Total Debt	2.71B	3.71B	2.13B
Total Liabilities	3.37B	4.53B	2.83B
Stockholders Equity	4.35B	4.90B	4.00B
Cash Flow
Free Cash Flow	-1.39B	-373.07M	-597.25M
Operating Cash Flow	638.54M	577.14M	9.37M
Investing Cash Flow	-1.96B	-1.16B	-16.73M
Financing Cash Flow	1.32B	389.05M	11.24M

Suyog Telematics Ltd. Technical Analysis

Technical Analysis SentimentNeutral

Last Price544.70

Price Trends

50DMA608.12Negative

100DMA719.74Negative

200DMA710.69Negative

Market Momentum

MACD-28.84Negative

RSI50.00Neutral

STOCH83.58Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUYOG, the sentiment is Neutral. The current price of 544.70 is above the 20-day moving average (MA) of 510.42, below the 50-day MA of 608.12, and below the 200-day MA of 710.69, indicating a neutral trend. The MACD of -28.84 indicates Negative momentum. The RSI at 50.00 is Neutral, neither overbought nor oversold. The STOCH value of 83.58 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SUYOG.

Suyog Telematics Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SUYOG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:BHARTIARTL	70Outperform	INR 13.05T	41.26	―	1.14%	17.56%	-20.64%
IN:ROUTE	67Neutral	INR 29.05B	6.02	―	2.84%	0.89%	104.13%
IN:SUYOG	65Neutral	INR 6.27B	10.41	―	0.18%	11.48%	37.10%
IN:RAILTEL	63Neutral	INR 82.24B	24.09	―	1.28%	22.56%	5.56%
IN:TATACOMM	60Neutral	INR 497.37B	45.77	―	0.99%	9.08%	-20.04%
IN:IDEA	58Neutral	INR 1.41T	4.01	―	―	4.24%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

IN:SUYOG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SUYOG	Suyog Telematics Ltd.	544.70	-127.29	-18.94%
IN:BHARTIARTL	Bharti Airtel Limited	2106.40	20.45	0.98%
IN:IDEA	Vodafone Idea Ltd	12.57	1.63	14.90%
IN:RAILTEL	RailTel Corp. of India Ltd.	254.50	-105.18	-29.24%
IN:ROUTE	Route Mobile, Ltd.	457.50	-215.20	-31.99%
IN:TATACOMM	Tata Communications Limited	1773.25	-115.17	-6.10%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 22, 2026

Suyog Telematics Ltd. AI Stock Analysis