Syncom Formulations (India) Ltd

Syncom Formul. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Syncom Formulations (India) Ltd

₹ 18.8 -0.69%
11 Jul - close price
syncomformulations.com BSE: 524470 NSE: SYNCOMF
About

Established in the year 1995, Syncom Formulations is a global pharmaceutical company that manufactures and markets a broad range of healthcare products. The company is a generic pharmaceutical player operating in more than 15 countries worldwide having more than 400 products registered.[1]

Key Points

Business Overview
The company manufactures and markets 500+ pharmaceutical formulations products in various dosage forms like Tablets, Capsules, Liquids Orals, Liquid Vials and Ampoule Injections & Dry Vial injections, Dry Syrups, Ointments and Inhalers. It is also involved in trading commodities and rental of properties. [1]

Website BSE NSE - BE
  • Market Cap ₹ 1,767 Cr.
  • Current Price ₹ 18.8
  • High / Low ₹ 27.9 / 14.0
  • Stock P/E 36.2
  • Book Value ₹ 3.62
  • Dividend Yield 0.00 %
  • ROCE 18.7 %
  • ROE 15.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 27.9% CAGR over last 5 years
  • Debtor days have improved from 113 to 84.3 days.

Cons

  • Stock is trading at 5.20 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 11.2% 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

Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals

Part of BSE Healthcare BSE SmallCap BSE Allcap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
58 51 54 57 61 59 62 63 73 86 101 127 148
56 48 50 51 55 53 56 57 64 76 90 112 131
Operating Profit 2 3 4 6 6 6 6 7 9 10 12 15 17
OPM % 4% 7% 8% 10% 10% 10% 10% 11% 12% 11% 12% 11% 12%
6 3 3 2 7 2 4 4 3 2 4 4 7
Interest 1 0 1 1 1 1 1 1 1 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 6 5 5 6 10 6 8 9 9 10 15 17 23
Tax % 16% 22% 33% 30% 18% 27% 24% 25% 27% 24% 25% 24% 24%
5 4 4 4 8 4 6 6 7 8 11 13 18
EPS in Rs 0.06 0.04 0.04 0.04 0.09 0.05 0.07 0.07 0.07 0.08 0.12 0.14 0.19
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
151 173 184 185 159 187 206 245 216 222 257 463
135 155 167 168 147 175 189 207 196 202 229 409
Operating Profit 16 18 17 16 12 12 17 38 20 20 28 54
OPM % 11% 11% 9% 9% 7% 6% 8% 16% 9% 9% 11% 12%
1 1 3 3 4 5 5 7 12 15 13 17
Interest 0 0 0 0 0 0 1 0 2 3 5 1
Depreciation 3 3 3 3 4 4 4 4 4 5 5 5
Profit before tax 14 16 16 16 12 13 17 41 26 27 32 65
Tax % 33% 38% 36% 33% 28% 12% 18% 28% 24% 24% 26% 24%
9 10 10 11 9 11 14 29 20 20 24 49
EPS in Rs 0.12 0.13 0.13 0.14 0.11 0.14 0.18 0.37 0.23 0.21 0.25 0.52
Dividend Payout % 17% 16% 15% 15% 0% 0% 0% 0% 13% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 29%
TTM: 80%
Compounded Profit Growth
10 Years: 17%
5 Years: 28%
3 Years: 35%
TTM: 112%
Stock Price CAGR
10 Years: 12%
5 Years: 58%
3 Years: 33%
1 Year: 29%
Return on Equity
10 Years: 11%
5 Years: 12%
3 Years: 11%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 78 78 78 78 78 78 78 79 86 94 94 94
Reserves 17 22 31 36 44 55 68 109 136 162 192 246
3 6 6 12 12 9 2 62 58 83 72 4
42 31 61 48 37 32 33 42 28 38 33 66
Total Liabilities 140 138 175 175 171 173 181 292 308 377 392 410
50 46 46 85 89 89 93 91 94 91 120 125
CWIP 0 0 5 0 1 0 0 0 6 26 0 0
Investments 9 6 23 1 2 2 1 11 43 64 66 93
80 85 101 89 79 83 87 189 165 196 206 192
Total Assets 140 138 175 175 171 173 181 292 308 377 392 410

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 24 17 -2 4 6 -2 16 10 -6 23
0 1 -23 -8 -2 2 2 -75 -27 -45 84 -18
0 1 -2 -2 -2 -0 -7 72 8 35 -15 -68
Net Cash Flow 0 2 -1 6 -6 7 1 -5 -2 1 63 -63

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 71 66 91 91 87 81 77 112 114 124 132 84
Inventory Days 36 34 43 29 37 37 39 51 51 53 49 49
Days Payable 105 63 130 92 75 57 49 66 36 52 33 51
Cash Conversion Cycle 1 37 4 27 49 61 67 96 129 124 148 83
Working Capital Days 83 97 51 70 103 90 92 121 131 133 153 168
ROCE % 15% 16% 15% 14% 9% 9% 12% 21% 11% 10% 10% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.09% 0.10% 0.13% 0.11%
49.43% 49.43% 49.43% 49.44% 49.44% 49.44% 49.44% 49.35% 49.34% 49.34% 49.30% 49.32%
No. of Shareholders 2,35,5172,32,7502,32,0692,27,4782,24,9252,24,2522,89,9823,25,7613,76,5304,69,2424,89,5204,84,529

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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