Syncom Formulations (India) Ltd

About [ edit ]

Syncom Formulations (India) is engaged in manufactures and markets more than 200 pharmaceutical formulations products in various dosage forms like Tablets, Capsules, Liquids Orals, Liquid Vials and Ampoule Injections & Dry Vial injections, Dry Syrups, Ointments, Inhalers and Herbals.

  • Market Cap 263 Cr.
  • Current Price 3.37
  • High / Low 4.00 / 0.39
  • Stock P/E 10.2
  • Book Value 2.02
  • Dividend Yield 0.00 %
  • ROCE 12.4 %
  • ROE 10.3 %
  • Face Value 1.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 3.46% over past five years.
  • Company has a low return on equity of 8.85% for last 3 years.
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
39 33 45 48 61 54 56 52 43 29 66 84
37 31 41 44 58 50 51 48 39 25 54 71
Operating Profit 2 2 4 4 3 4 5 4 4 4 12 13
OPM % 5% 5% 8% 8% 5% 7% 9% 8% 8% 14% 19% 15%
Other Income 1 1 1 1 1 1 1 1 2 1 1 1
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 2 2 4 4 3 4 5 4 4 4 13 13
Tax % 24% -8% 21% 0% 30% 27% 12% 22% 9% 26% 26% 24%
Net Profit 2 2 3 4 2 3 4 4 4 3 9 10
EPS in Rs 0.02 0.03 0.04 0.05 0.03 0.04 0.05 0.04 0.04 0.04 0.12 0.13
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
55 81 76 118 115 151 173 184 185 159 187 206 222
51 76 73 110 104 135 155 167 168 147 175 189 189
Operating Profit 4 4 3 8 11 16 18 17 16 12 12 17 33
OPM % 7% 5% 4% 6% 9% 11% 11% 9% 9% 7% 6% 8% 15%
Other Income 3 5 0 1 1 1 1 3 3 4 5 5 5
Interest 1 1 1 0 1 0 0 0 0 0 0 1 0
Depreciation 1 2 2 3 3 3 3 3 3 4 4 4 4
Profit before tax 6 7 0 5 8 14 16 16 16 12 13 17 34
Tax % 52% 36% 53% 36% 33% 33% 38% 36% 33% 28% 12% 18%
Net Profit 3 4 0 4 6 9 10 10 11 9 11 14 26
EPS in Rs 0.08 0.10 0.00 0.04 0.07 0.12 0.13 0.13 0.14 0.11 0.14 0.18 0.33
Dividend Payout % 12% 14% 531% 38% 24% 17% 16% 15% 15% 0% 0% 0%
Compounded Sales Growth
10 Years:10%
5 Years:3%
3 Years:4%
TTM:-1%
Compounded Profit Growth
10 Years:12%
5 Years:7%
3 Years:10%
TTM:98%
Stock Price CAGR
10 Years:15%
5 Years:9%
3 Years:31%
1 Year:427%
Return on Equity
10 Years:8%
5 Years:9%
3 Years:9%
Last Year:10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6 12 22 22 22 78 78 78 78 78 78 78 78
Reserves 35 43 59 61 65 17 22 31 36 44 55 68 80
Borrowings 11 10 7 6 2 3 6 6 12 12 9 2 7
12 28 24 23 33 42 31 61 48 37 32 33 57
Total Liabilities 63 92 113 113 123 140 138 175 175 171 173 181 222
32 32 47 51 50 50 46 46 85 89 89 93 92
CWIP 0 0 1 0 0 0 0 5 0 1 0 0 0
Investments 0 0 7 8 7 9 6 23 1 2 2 1 8
31 61 58 54 66 80 85 101 89 79 83 87 122
Total Assets 63 92 113 113 123 140 138 175 175 171 173 181 222

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-1 -0 -1 6 6 0 0 24 17 -2 4 -1
-2 -1 -26 -5 -0 0 1 -23 -8 -2 2 1
3 9 22 -1 -6 0 1 -2 -2 -2 -0 0
Net Cash Flow 0 7 -5 1 -1 0 2 -1 6 -6 7 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 13% 1% 7% 10% 15% 16% 15% 14% 9% 9% 12%
Debtor Days 86 105 112 74 92 71 66 91 91 87 81 77
Inventory Turnover 8.81 10.72 5.00 10.68 15.09 13.04 11.40 10.17 10.29 10.67 11.25 10.44

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
38.98 38.98 38.98 38.98 38.98 38.98 38.98 38.98 40.14 40.48 40.48 40.48
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.15 0.01 0.00 0.00 0.00
61.02 61.02 61.02 61.02 61.02 61.02 61.02 60.88 59.85 59.52 59.52 59.52

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