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Syncom Formulations Overview

Syncom Formulations (India) Ltd is a pharmaceutical organisation. The Company manufactures and markets over 300 pharmaceutical formulations merchandise in diverse dosage forms, including tablets, capsules, liquid orals, liquid vials and ampoule injections and dry vial injections, dry syrups, ointments, inhalers and herbals. It exports various commodities, including pharmaceutical, which include active pharmaceutical ingredients (APIs) and surgical merchandise; agro and confectionary products, such as rice, wheat flour, chickpeas, soy de oiled c...Read More

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Syncom Formulations Key Financials

Market Cap ₹1308 Cr.

Stock P/E 26.4

P/B 3.3

Current Price ₹13.9

Book Value ₹ 4.2

Face Value 1

52W High ₹23.5

Dividend Yield 0%

52W Low ₹ 10.2

Syncom Formulations Share Price

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Volume
Price

Syncom Formulations Quarterly Price

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Syncom Formulations Peer Comparison

Syncom Formulations Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 64 65 75 87 102 128 149 117 122 115
Other Income 4 5 3 1 4 4 7 6 5 6
Total Income 68 70 78 89 106 132 156 123 127 121
Total Expenditure 57 58 65 77 90 113 131 101 103 94
Operating Profit 10 12 13 12 16 19 25 22 24 27
Interest 1 1 1 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1
Exceptional Income / Expenses 0 -0 0 0 0 0 0 0 0 0
Profit Before Tax 8 9 10 10 15 17 23 20 22 25
Provision for Tax 2 2 3 2 4 4 6 5 5 6
Profit After Tax 7 7 7 8 11 13 18 16 17 19
Adjustments 0 -0 0 -0 0 0 0 0 -0 0
Profit After Adjustments 7 7 7 8 11 13 18 16 17 19
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2

Syncom Formulations Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 115 151 173 184 185 220 224 263 465 503
Other Income 1 1 2 3 3 12 15 14 17 24
Total Income 116 152 175 187 188 232 239 277 482 527
Total Expenditure 104 135 155 167 168 200 204 234 411 429
Operating Profit 12 17 20 19 19 32 34 43 72 98
Interest 1 0 0 0 0 2 3 4 1 0
Depreciation 3 3 3 3 3 4 5 5 5 4
Exceptional Income / Expenses 0 -0 -1 -0 -0 0 0 -0 0 0
Profit Before Tax 8 14 16 16 16 26 27 34 66 90
Provision for Tax 3 5 6 6 5 6 7 9 16 22
Profit After Tax 6 9 10 10 11 20 20 25 49 70
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 9 10 10 11 20 20 25 49 70
Adjusted Earnings Per Share 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.5 0.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 77% 28% 20% 0%
Operating Profit CAGR 67% 31% 31% 0%
PAT CAGR 96% 35% 37% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -18% 32% 19% 20%
ROE Average 16% 11% 11% 10%
ROCE Average 19% 13% 13% 14%

Syncom Formulations Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 88 95 100 109 117 222 256 288 342
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 8 7 6 6 8 8 9 10 12
Total Current Liabilities 28 42 37 66 59 78 113 109 62
Total Liabilities 124 144 143 181 184 308 378 407 416
Fixed Assets 50 50 46 46 55 47 43 72 78
Other Non-Current Assets 12 15 13 43 42 122 153 57 66
Total Current Assets 62 78 84 92 87 140 182 277 272
Total Assets 124 144 143 181 184 308 378 407 416

Syncom Formulations Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 5 4 5 7 6 3 0 1 63
Cash Flow from Operating Activities 6 7 0 24 14 16 11 -6 23
Cash Flow from Investing Activities -0 -4 1 -23 -18 -27 -45 83 -18
Cash Flow from Financing Activities -6 -1 1 -2 5 8 35 -15 -68
Net Cash Inflow / Outflow -1 2 1 -1 1 -2 1 63 -63
Closing Cash & Cash Equivalent 4 5 7 6 7 0 1 63 1

Syncom Formulations Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.07 0.12 0.13 0.13 0.13 0.23 0.21 0.27 0.53
CEPS(Rs) 0.11 0.16 0.17 0.17 0.17 0.28 0.26 0.32 0.58
DPS(Rs) 0.02 0.02 0.02 0.02 0.02 0.03 0 0 0
Book NAV/Share(Rs) 1.12 1.22 1.28 1.39 1.5 2.52 2.72 3.07 3.64
Core EBITDA Margin(%) 9.27 10.73 10.5 8.98 8.96 9.12 8.87 11.26 11.64
EBIT Margin(%) 7.81 9.49 9.18 8.75 8.77 12.79 13.37 14.59 14.27
Pre Tax Margin(%) 7.35 9.18 9.01 8.68 8.59 11.92 11.85 12.89 14.09
PAT Margin (%) 4.92 6.14 5.62 5.58 5.7 9.01 8.95 9.61 10.63
Cash Profit Margin (%) 7.38 8.12 7.58 7.2 7.39 10.81 10.97 11.4 11.75
ROA(%) 4.54 6.95 6.82 6.41 5.78 8.04 5.85 6.45 12.02
ROE(%) 6.45 10.19 9.99 9.91 9.32 11.83 8.48 9.3 15.69
ROCE(%) 10 15.29 15.55 14.72 13.28 13.72 9.68 10.98 18.77
Receivable days 91.86 70.22 63.71 75.88 90.83 94.33 116.42 123.89 82.75
Inventory Days 19.28 19.22 21.92 25.97 25.15 24.52 33.13 29.3 24.5
Payable days 118.99 117.59 106.53 114.53 140.62 79.52 62.08 69.17 45.68
PER(x) 29.91 48.62 34.32 16.8 14.6 46.32 27.63 41.52 31.28
Price/Book(x) 1.93 4.76 3.34 1.6 1.31 4.22 2.17 3.65 4.52
Dividend Yield(%) 0.79 0.34 0.47 0.9 1.02 0.28 0 0 0
EV/Net Sales(x) 1.46 2.98 1.93 0.95 0.86 4.43 2.81 4.01 3.33
EV/Core EBITDA(x) 14.2 25.92 16.56 9 8.26 30.42 18.24 24.45 21.66
Net Sales Growth(%) 0 31.61 14.61 6.06 0.5 18.85 2.09 17.45 76.55
EBIT Growth(%) 0 60.4 10.64 1.95 -0.16 73.35 6.66 28.2 72.74
PAT Growth(%) 0 64.72 4.72 6.14 1.72 87.87 1.42 26.13 95.28
EPS Growth(%) 0 64.55 4.78 6.16 1.66 70.13 -6.97 26.14 95.28
Debt/Equity(x) 0.02 0.03 0.06 0.05 0.11 0.27 0.32 0.25 0.01
Current Ratio(x) 2.18 1.88 2.28 1.4 1.47 1.79 1.61 2.55 4.41
Quick Ratio(x) 1.96 1.64 1.98 1.16 1.3 1.54 1.42 2.35 3.74
Interest Cover(x) 17.1 30.75 54.58 119.1 48.48 14.58 8.81 8.59 76.75
Total Debt/Mcap(x) 0.01 0.01 0.02 0.03 0.08 0.06 0.15 0.07 0

Syncom Formulations Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 50.57 50.57 50.57 50.57 50.57 50.57 50.57 50.57 50.57 50.57
FII 0 0.08 0.09 0.1 0.13 0.11 0.41 0.1 0.26 0.21
DII 0 0 0 0 0 0 0 0 0 0
Public 49.43 49.35 49.34 49.33 49.3 49.32 49.02 49.33 49.17 49.21
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Syncom Formulations News

Syncom Formulations Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Debtor days have improved from 69.17 to 45.68days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 11% over the last 3 years.
  • Stock is trading at 3.3 times its book value.
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