Syncom Formulations (India) Ltd
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]
- Market Cap ₹ 1,466 Cr.
- Current Price ₹ 15.6
- High / Low ₹ 22.8 / 10.2
- Stock P/E 19.2
- Book Value ₹ 4.41
- Dividend Yield 0.00 %
- ROCE 26.8 %
- ROE 20.2 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Debtor days have improved from 104 to 82.4 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.31.4 Cr.
- Working capital days have increased from 104 days to 164 days
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 115 | 151 | 173 | 184 | 185 | 216 | 222 | 262 | 463 | 489 | |
| 104 | 135 | 155 | 167 | 168 | 196 | 202 | 232 | 408 | 412 | |
| Operating Profit | 11 | 16 | 18 | 17 | 17 | 20 | 20 | 30 | 54 | 77 |
| OPM % | 9% | 11% | 11% | 9% | 9% | 9% | 9% | 11% | 12% | 16% |
| 1 | 1 | 1 | 3 | 3 | 12 | 15 | 14 | 17 | 31 | |
| Interest | 1 | 0 | 0 | 0 | 0 | 2 | 3 | 5 | 1 | 1 |
| Depreciation | 3 | 3 | 3 | 3 | 3 | 4 | 5 | 5 | 5 | 7 |
| Profit before tax | 8 | 14 | 16 | 16 | 16 | 26 | 27 | 34 | 66 | 101 |
| Tax % | 33% | 33% | 38% | 36% | 34% | 24% | 24% | 25% | 25% | 24% |
| 6 | 9 | 10 | 10 | 11 | 20 | 20 | 25 | 49 | 76 | |
| EPS in Rs | 0.07 | 0.12 | 0.13 | 0.13 | 0.13 | 0.23 | 0.21 | 0.27 | 0.53 | 0.81 |
| Dividend Payout % | 24% | 17% | 16% | 15% | 15% | 13% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 6% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 22% |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 16% |
| 3 Years: | 30% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 16% |
| Last Year: | 20% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 78 | 78 | 78 | 78 | 86 | 94 | 94 | 94 | 94 |
| Reserves | 65 | 17 | 22 | 31 | 39 | 136 | 162 | 194 | 248 | 321 |
| 2 | 3 | 6 | 6 | 12 | 58 | 83 | 72 | 5 | 1 | |
| 33 | 42 | 31 | 61 | 50 | 28 | 39 | 44 | 67 | 117 | |
| Total Liabilities | 123 | 140 | 138 | 175 | 180 | 308 | 378 | 405 | 413 | 534 |
| 50 | 50 | 46 | 46 | 55 | 94 | 91 | 120 | 125 | 184 | |
| CWIP | 0 | 0 | 0 | 5 | 0 | 6 | 26 | 0 | 0 | 0 |
| Investments | 7 | 9 | 6 | 23 | 36 | 43 | 64 | 66 | 93 | 109 |
| 66 | 80 | 85 | 101 | 89 | 165 | 197 | 219 | 196 | 241 | |
| Total Assets | 123 | 140 | 138 | 175 | 180 | 308 | 378 | 405 | 413 | 534 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 7 | 0 | 24 | 14 | 16 | 11 | -6 | 23 | 58 | |
| -0 | -4 | 1 | -23 | -18 | -27 | -45 | 83 | -18 | -51 | |
| -6 | -1 | 1 | -2 | 5 | 8 | 35 | -15 | -68 | -3 | |
| Net Cash Flow | -1 | 2 | 2 | -1 | 1 | -2 | 1 | 62 | -63 | 4 |
| Free Cash Flow | 3 | 4 | -3 | 21 | 2 | 5 | -10 | -14 | 13 | 46 |
| CFO/OP | 76% | 66% | 32% | 176% | 108% | 113% | 86% | 7% | 70% | 105% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 92 | 71 | 66 | 91 | 91 | 114 | 124 | 144 | 85 | 82 |
| Inventory Days | 29 | 36 | 34 | 43 | 29 | 51 | 55 | 49 | 49 | 81 |
| Days Payable | 91 | 105 | 63 | 130 | 92 | 36 | 53 | 56 | 51 | 96 |
| Cash Conversion Cycle | 29 | 1 | 37 | 4 | 27 | 129 | 126 | 137 | 83 | 68 |
| Working Capital Days | 94 | 75 | 85 | 40 | 42 | 33 | -4 | 51 | 95 | 164 |
| ROCE % | 15% | 16% | 15% | 13% | 10% | 11% | 19% | 27% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Permanent Employees Number ・Standalone data |
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| Number of SKUs (Pharmaceutical Formulations) Number ・Standalone data |
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| Solar Power Generation Lakh Units ・Standalone data |
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| Export Presence (Countries Served) Count ・Standalone data |
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| Total Energy Consumed Units ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Submission of Press Clipping related to extract of Audited Financial Results for the year ended 31.03.2026
- Regulation 33(3)(D) Of SEBI (LODR) Regulations, 2015-Submission Of Standalone & Consolidated Audited Financial Results Along With Audit Report, Statement Of Assets And Liabilities And Cash Flow For The Year Ended On 31St March, 2026. 22 May
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Board Meeting Outcome for Regulation 33(3)(D) Of SEBI (LODR) Regulations, 2015-Submission Of Standalone & Consolidated Audited Financial Results Along With Audit Report, Statement Of Assets And Liabilities And Cash Flow For The Year Ended On 31St March, 2026.
22 May - FY26 standalone and consolidated audited results approved; PAT rises to ₹76.01 crore standalone, ₹76.44 crore consolidated.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
18 May - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
18 May - Submitted Annual Secretarial Compliance Report for year ended 31 March 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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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]