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Suyog Telematics Ltd.
(SUYOG)
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Rating:55Neutral
Price Target:
₹660.00
▼(-15.30% Downside)
Action:Reiterated
Date:08/28/26
The score is driven primarily by improved profitability and rapid FY2026 growth, but it is meaningfully held back by negative free cash flow and higher leverage. Technical signals are also bearish (negative MACD, weak RSI/Stoch, and price below key moving averages), while valuation is reasonable but supported by only a minimal dividend yield.
Positive Factors
Recurring tower-infrastructure model
Owning and operating passive tower assets can support recurring lease-like revenue from telecom tenants, while adding tenants to existing sites may lift revenue without proportionate operating-cost growth. This model can provide durable monetization as the portfolio scales.
Negative Factors
Negative free cash flow
Negative free cash flow means reported profitability is not yet translating consistently into surplus cash. Continued investment needs or working-capital pressure could require external funding, limiting financial flexibility and reducing the cash available for debt reduction or expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring tower-infrastructure model
Owning and operating passive tower assets can support recurring lease-like revenue from telecom tenants, while adding tenants to existing sites may lift revenue without proportionate operating-cost growth. This model can provide durable monetization as the portfolio scales.
Read all positive factors
Suyog Telematics Ltd. (SUYOG) vs. iShares MSCI India ETF (INDA)
Market Cap
₹7.55B
Dividend Yield0.15%
Average Volume (3M)2.13K
Price to Earnings (P/E)12.4
Beta (1Y)1.07
Revenue Growth11.48%
EPS Growth37.10%
CountryIN
Employees409
SectorGeneral
Sector StrengthN/A
IndustryTelecommunications Services
Share Statistics
EPS (TTM)2.84
Shares Outstanding11,717,120
10 Day Avg. Volume4,377
30 Day Avg. Volume2,127
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.45
Price to Sales (P/S)3.19
P/FCF Ratio-18.98
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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...
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 to...
Suyog Telematics Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
34
Negative
| 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
Negative
779.25
Price Trends
734.93
Negative
772.08
Negative
718.53
Negative
Market Momentum
-19.56
Negative
39.53
Neutral
28.15
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SUYOG, the sentiment is Negative. The current price of 779.25 is above the 20-day moving average (MA) of 659.83, above the 50-day MA of 734.93, and above the 200-day MA of 718.53, indicating a bearish trend. The MACD of -19.56 indicates Negative momentum. The RSI at 39.53 is Neutral, neither overbought nor oversold. The STOCH value of 28.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SUYOG.
Suyog Telematics Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹26.27B | 6.98 | ― | 2.88% | -0.31% | -15.46% | |
67 Neutral | ₹11.27T | 37.65 | ― | 1.33% | 19.63% | -18.80% | |
60 Neutral | ₹79.59B | 23.02 | ― | 1.31% | 20.85% | 9.07% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹7.55B | 12.37 | ― | 0.15% | 11.48% | 37.10% | |
55 Neutral | ₹1.41T | 4.53 | ― | 0.72% | 3.30% | ― | |
49 Neutral | ₹472.03B | 49.92 | ― | 1.06% | 8.12% | -33.60% |
* General Sector Average
IN:SUYOG
Suyog Telematics Ltd.
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-126.15
-16.38%
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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.