Belding India Ltd
Incorporated in 1995, Synthiko Foils Ltd is in the business of Manufacturing of Lamination, Printing and Coating on Aluminum Foils[1]
- Market Cap ₹ 1,470 Cr.
- Current Price ₹ 1,015
- High / Low ₹ 2,400 / 447
- Stock P/E
- Book Value ₹ 726
- Dividend Yield 0.00 %
- ROCE -0.15 %
- ROE -0.16 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.07% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Aluminium, Copper & Zinc Products
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.63 | 17.28 | 17.29 | 21.48 | 30.54 | 31.34 | 26.06 | 29.55 | 25.65 | 25.82 | 21.16 | 0.00 | 0.00 | |
| 19.64 | 16.20 | 16.48 | 20.47 | 29.33 | 30.18 | 25.05 | 27.80 | 24.95 | 25.05 | 20.62 | 1.15 | 1.39 | |
| Operating Profit | 0.99 | 1.08 | 0.81 | 1.01 | 1.21 | 1.16 | 1.01 | 1.75 | 0.70 | 0.77 | 0.54 | -1.15 | -1.39 |
| OPM % | 4.80% | 6.25% | 4.68% | 4.70% | 3.96% | 3.70% | 3.88% | 5.92% | 2.73% | 2.98% | 2.55% | ||
| 0.51 | 0.21 | 0.40 | 0.40 | 0.22 | 0.24 | 0.36 | 0.18 | 0.01 | 0.10 | 0.00 | 2.83 | 0.42 | |
| Interest | 0.77 | 0.75 | 0.67 | 0.64 | 0.65 | 0.54 | 0.51 | 0.43 | 0.27 | 0.41 | 0.08 | 0.02 | 0.01 |
| Depreciation | 0.21 | 0.24 | 0.23 | 0.19 | 0.18 | 0.25 | 0.36 | 0.27 | 0.21 | 0.15 | 0.13 | 0.00 | 0.00 |
| Profit before tax | 0.52 | 0.30 | 0.31 | 0.58 | 0.60 | 0.61 | 0.50 | 1.23 | 0.23 | 0.31 | 0.33 | 1.66 | -0.98 |
| Tax % | 15.38% | 33.33% | 32.26% | 27.59% | 26.67% | 22.95% | 22.00% | 26.02% | 26.09% | 25.81% | 24.24% | 2.41% | |
| 0.45 | 0.19 | 0.21 | 0.42 | 0.44 | 0.46 | 0.38 | 0.92 | 0.17 | 0.22 | 0.24 | 1.63 | -0.91 | |
| EPS in Rs | 5.62 | 2.11 | 2.33 | 4.67 | 4.89 | 5.11 | 4.22 | 10.22 | 1.89 | 2.44 | 2.67 | 1.13 | -0.83 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -911% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 39% |
| 5 Years: | 71% |
| 3 Years: | 73% |
| 1 Year: | 125% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 0% |
| 3 Years: | 0% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.86 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 0.87 | 14.48 |
| Reserves | 1.74 | 1.93 | 2.14 | 2.57 | 3.01 | 3.47 | 3.85 | 4.77 | 4.93 | 5.15 | 5.39 | 1,037.30 |
| 4.53 | 4.71 | 0.68 | 0.48 | 0.47 | 0.39 | 1.57 | 0.77 | 0.46 | 0.00 | 0.00 | 1.22 | |
| 3.42 | 2.62 | 9.39 | 7.81 | 6.49 | 6.66 | 5.04 | 5.59 | 4.24 | 1.74 | 0.76 | 0.70 | |
| Total Liabilities | 10.55 | 10.13 | 13.08 | 11.73 | 10.84 | 11.39 | 11.33 | 12.00 | 10.50 | 7.76 | 7.02 | 1,053.70 |
| 2.14 | 2.16 | 1.94 | 1.82 | 1.79 | 2.23 | 1.90 | 1.71 | 1.50 | 1.16 | 1.04 | 0.00 | |
| CWIP | 0.12 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.21 | 0.18 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,047.09 |
| 8.08 | 7.79 | 11.10 | 9.91 | 9.05 | 9.16 | 9.43 | 10.29 | 9.00 | 6.60 | 5.98 | 6.61 | |
| Total Assets | 10.55 | 10.13 | 13.08 | 11.73 | 10.84 | 11.39 | 11.33 | 12.00 | 10.50 | 7.76 | 7.02 | 1,053.70 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.13 | 0.07 | 0.06 | -0.55 | 1.03 | -0.72 | 0.26 | -0.23 | 2.04 | 2.36 | 1.82 | |
| -0.17 | -0.04 | 0.23 | 0.04 | -0.11 | -0.66 | -0.01 | -0.07 | 0.01 | 0.19 | -0.02 | -2.59 | |
| 0.71 | 0.26 | -0.23 | -0.31 | 0.48 | -0.45 | 0.75 | -0.51 | 0.11 | -2.28 | -1.66 | 0.12 | |
| Net Cash Flow | 0.53 | 0.10 | 0.07 | -0.21 | -0.18 | -0.08 | 0.02 | -0.32 | -0.11 | -0.05 | 0.68 | -0.66 |
| Free Cash Flow | -0.31 | -0.27 | 0.06 | 0.00 | -0.71 | 0.34 | -0.76 | 0.18 | -0.23 | 2.23 | 2.34 | 1.82 |
| CFO/OP | -1% | -12% | 9% | 6% | -45% | 89% | -71% | 15% | -33% | 265% | 437% | -204% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71.48 | 87.03 | 96.90 | 86.49 | 72.55 | 64.75 | 74.93 | 71.02 | 78.41 | 52.30 | 56.06 | |
| Inventory Days | 51.93 | 60.66 | 124.23 | 84.75 | 33.10 | 41.05 | 60.23 | 64.16 | 55.49 | 46.57 | 39.27 | |
| Days Payable | 50.85 | 47.30 | 128.20 | 71.01 | 20.43 | 26.45 | 15.96 | 15.03 | 6.02 | 4.36 | 1.03 | |
| Cash Conversion Cycle | 72.56 | 100.39 | 92.92 | 100.23 | 85.22 | 79.35 | 119.21 | 120.16 | 127.88 | 94.52 | 94.30 | |
| Working Capital Days | 12.21 | 17.53 | 19.42 | 26.17 | 26.89 | 25.39 | 50.42 | 53.98 | 66.03 | 71.81 | 82.28 | |
| ROCE % | 19.01% | 14.34% | 17.50% | 32.06% | 30.23% | 25.33% | 18.33% | 26.14% | 7.89% | 11.73% | 6.68% | -0.15% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Closing Stock of Raw Materials (Aluminum Foils & Packing) MT |
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| Production Volume - Aluminum Foils & Packing MT |
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| Raw Material Consumed (Aluminum Jumbo Rolls) MT |
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| Number of Permanent Employees employees |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication
-
Corrigendum To The Postal Ballot Notice Dated July 22, 2026.
- July 31, 2026 corrigendum revises postal ballot notice on Evolve's proposed RPTs: ₹10 crore and ₹5 crore.
-
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
- Company Secretary and Compliance Officer Muskan Pinjani resigns effective August 5, 2026.
-
Announcement under Regulation 30 (LODR)-Scheme of Arrangement
- On July 30, 2026, Belding India approved merger absorption of WOS DC&T Global, pending NCLT approval.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Company Secretary and Compliance Officer Muskan Pinjani resigns, effective August 5, 2026.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
from bse
Product Profile:[1]
Company does manufacturing, supplying and exporting Aluminum Packaging Foils which includes,
a) Alu Alu Foils
b) Lidding Foil
c) Two Ply And Three Ply Laminates
d) Blister Foil
e) Printed Aluminum Foil
f) Laminated Aluminum Foil
g) Aluminum Foil Lids.
These are developed using food grade aluminum, which company sources from authorized vendors. Company offers all its products in different sizes, shapes and thicknesses