Syncom Formulations (India) Ltd

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

Syncom Formulations (India) Ltd

₹ 20.5 -5.83%
28 Aug - 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
  • Market Cap ₹ 1,927 Cr.
  • Current Price ₹ 20.5
  • High / Low ₹ 23.1 / 7.25
  • Stock P/E 67.5
  • Book Value ₹ 3.07
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 9.31 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 6.69 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Earnings include an other income of Rs.13.0 Cr.
  • Working capital days have increased from 168 days to 240 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

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Formulations

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
42.75 52.94 57.23 58.23 51.40 54.49 57.38 60.98 59.84 63.84 65.14 74.57 87.26
38.00 47.27 52.34 56.19 47.92 50.20 51.47 55.02 53.38 57.43 57.79 65.14 76.81
Operating Profit 4.75 5.67 4.89 2.04 3.48 4.29 5.91 5.96 6.46 6.41 7.35 9.43 10.45
OPM % 11.11% 10.71% 8.54% 3.50% 6.77% 7.87% 10.30% 9.77% 10.80% 10.04% 11.28% 12.65% 11.98%
0.54 2.72 2.24 5.69 2.98 2.87 1.98 6.78 1.87 4.00 4.54 3.10 1.34
Interest 0.06 0.12 0.15 1.04 0.50 0.62 0.72 1.29 1.12 1.08 1.08 1.20 0.39
Depreciation 0.77 0.97 0.99 1.01 1.00 1.18 1.20 1.17 1.10 0.88 1.45 1.30 1.30
Profit before tax 4.46 7.30 5.99 5.68 4.96 5.36 5.97 10.28 6.11 8.45 9.36 10.03 10.10
Tax % 41.26% 23.01% 32.89% 16.20% 22.18% 33.02% 30.49% 17.61% 27.99% 22.96% 25.21% 26.12% 24.46%
2.62 5.62 4.01 4.76 3.87 3.59 4.14 8.47 4.40 6.51 7.00 7.40 7.63
EPS in Rs 0.03 0.07 0.05 0.06 0.04 0.04 0.04 0.09 0.05 0.07 0.07 0.08 0.08
Raw PDF

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 TTM
115 151 173 184 185 216 222 263 291
104 135 155 167 168 196 202 234 257
Operating Profit 11 16 18 17 17 20 20 30 34
OPM % 9% 11% 11% 9% 9% 9% 9% 11% 12%
1 1 1 3 3 12 15 14 13
Interest 1 0 0 0 0 2 3 4 4
Depreciation 3 3 3 3 3 4 5 5 5
Profit before tax 8 14 16 16 16 26 27 34 38
Tax % 33% 33% 38% 36% 34% 24% 24% 25%
6 9 10 10 11 20 20 25 29
EPS in Rs 0.07 0.12 0.13 0.13 0.13 0.23 0.21 0.27 0.30
Dividend Payout % 24% 17% 16% 15% 15% 131% 0% 0%
Compounded Sales Growth
10 Years: 6%
5 Years: %
3 Years: %
TTM: 25%
Compounded Profit Growth
10 Years: 11%
5 Years: %
3 Years: %
TTM: 39%
Stock Price CAGR
10 Years: 15%
5 Years: 93%
3 Years: 47%
1 Year: 137%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 9%

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
Equity Capital 22 78 78 78 78 86 94 94
Reserves 65 17 22 31 39 131 162 194
2 3 6 6 12 58 83 72
33 42 31 61 50 33 39 44
Total Liabilities 123 140 138 175 180 308 378 405
50 50 46 46 55 94 91 120
CWIP 0 0 0 5 0 6 26 0
Investments 7 9 6 23 36 43 64 66
66 80 85 101 89 165 197 219
Total Assets 123 140 138 175 180 308 378 405

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
6 7 0 24 14 16 11 -6
-0 -4 1 -23 -18 -27 -45 83
-6 -1 1 -2 5 8 35 -15
Net Cash Flow -1 2 2 -1 1 -2 1 62

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 Mar 2024
Debtor Days 92 71 66 91 91 114 124 143
Inventory Days 29 36 34 43 29 51 55 49
Days Payable 91 105 63 130 92 36 53 56
Cash Conversion Cycle 29 1 37 4 27 129 126 136
Working Capital Days 101 83 97 51 66 131 133 240
ROCE % 15% 16% 15% 13% 10% 11%

Shareholding Pattern

Numbers in percentages

6 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
44.01% 44.01% 46.12% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57% 50.57%
0.58% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.08% 0.09%
55.40% 55.99% 53.88% 49.43% 49.43% 49.43% 49.44% 49.44% 49.44% 49.44% 49.35% 49.34%
No. of Shareholders 1,20,8001,88,9812,32,6172,35,5172,32,7502,32,0692,27,4782,24,9252,24,2522,89,9823,25,7613,76,530

* 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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