Syncom Formulations (India) Ltd Stock Analysis

BSE: 524470 | NSE: SYNCOMF | Pharmaceuticals & Drugs | Small Cap

BSE Share Price 31-Mar-2023 18:02
5.90 -0.08 (-1.34%)

DeciZen - Make an Informed Decision on Syncom Formulations

Overall Rating

1. Quality

2. Valuation


3. Price Trend

Syncom Formulations Price Chart

P/E Ratio ( SA) :
Market Cap :
554.6 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Syncom Formulations (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Syncom Formulations (India) Ltd is a average quality company.

2. Is Syncom Formulations (India) Ltd undervalued or overvalued?

The key valuation ratios of Syncom Formulations (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Syncom Formulations (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Syncom Formulations (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Syncom Formulations:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Syncom Formulations (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 6.7%10.3%10.3%9.5%9.1%6.8%8.2%10.2%14.5%7.1%-
Value Creation Index -0.5-0.3-0.3-0.3-0.4-0.5-0.4-0.30.0-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 115151173184185159187206245220222
YoY Gr. Rt. %-31.6%14.6%6.1%0.5%-14.2%17.7%10%19.1%-10.3%-
YoY Gr. Rt. %-71.4%8.3%0%7.7%-21.4%27.3%28.6%100%-44.4%-
BVPS (₹)
Adj Net Profit 5.79.310.410.410.78.611.114.328.517.516
Cash Flow from Ops.
Debt/CF from Ops. 0.40.532.50.20.7-7.820.4-30.13.5-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%3.5%5.6%-10.3%
Adj EPS 12.4%7.4%12.6%-44.4%
BVPS 9.411.51412
Share Price 10.7% 43.5% 99.8% -47.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % 6.610.210.6109.67.38.710.317.18.66.6
Op. Profit Mgn % 9.310.810.
Net Profit Mgn %
Debt to Equity
Working Cap Days 1801711711811841861511421542400
Cash Conv. Cycle 4522262825505561731110

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 12.62%

Return on Equity has declined versus last 3 years average to 6.60%

Sales growth has been subdued in last 3 years 5.56%

Sales growth is not so good in last 4 quarters at -1.93%

Latest Financials - Syncom Formulations (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.1
TTM Sales (₹ Cr.) 222 185
BVPS (₹.) 2.6 0
Reserves (₹ Cr.) 152 152
P/BV 2.25 0.00
PE 33.89 51.76
From the Market
52 Week Low / High (₹) 4.55 / 13.00
All Time Low / High (₹) 0.14 / 19.49
Market Cap (₹ Cr.) 555
Equity (₹ Cr.) 94
Face Value (₹) 1
Industry PE 36.2

Management X-Ray of Syncom Formulations :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Syncom Formulations

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Syncom Formulations (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Syncom Formulations on 31-Mar-2023 18:02 is : 5.90.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Mar-2023 18:02 the market cap of Syncom Formulations stood at ₹ 554.6.
The latest PE ratio of Syncom Formulations as of 31-Mar-2023 18:02 is 33.89.
The latest PB ratio of Syncom Formulations as of 31-Mar-2023 18:02 is 2.25
The 52-week high of Syncom Formulations is ₹ 13.00 and the 52-week low is ₹ 4.55.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Syncom Formulations is ₹ 221.5 ( Cr.) .

About Syncom Formulations (India) Ltd

Syncom Formulations (India) Ltd was originally incorporated as Syncom Formulations (India) Private Limited in the state of Maharashtra on June 21, 1988 under the Companies Act, 1956. Further the status of company was changed to public limited company and thereby name of company changed to Syncom Formulations (India) Limited and a fresh certificate of change of name obtained on July 9, 1992.

The company was promoted by Kedarmal Bankda, Ajay Kumar Bankda & Vijay Kumar Bankda for manufacturing, marketing, dealership, importing, exporting & job work of pharmaceuticals, medicinal and other Industrial preparation & formulations under its own brands in ethical, OTC, generic and herbal market segment. The company came out with its Initial Public Offering in the Year 1994 hence obtained listing at BSE, DSE, ASE and MSE. However company has voluntarily de-listed its shares from ASE on July 8, 2004, MPSE on May 29, 2008 & DSE on September 2, 2004.

The company is engaged in the business of pharmaceutical formulations. It manufactures range of products in various dosage forms and markets them in various countries. In addition to pharmaceutical formulations in the form of tablets, capsules, liquids and dry powders, the company also manufactures Injectibles, inhalers and ear/eye drops. In 1994, the company undertook an expansion programme of setting up a new plant for manufacturing pharmaceutical formulations at Pithampur, Madhya Pradesh. The project which was financed through a public issue made in January 1994 was completed in 1995.

During the year 1997-98, the company has further diversified into ethical operations by introducing the range of prescription formulations. During the year 1998-99 there has been huge expansion of installed capacity and production base. Further the company introduced products in the generic, OTC and ethical divisions. During the year 2007-08 the company has further completed modernization and expansion of project in Pithampur unit, District Dhar, M.P with a total investment of Rs. 1516.62 Lakh.

Today, SFL stands as one of the fastest growing pharmaceutical company operating in more than 35 countries worldwide and has more than 150 products in various dosage forms which include tablets, capsules, dry syrups, and ointments/creams, dry powder Injections and ampoules and wide range of herbal products.

Syncom was keeping pace with the changing pharmaceutical scenario ventured into International market a decade ago. The International operations are managed from its International division located in Mumbai, commercial capital of India. Syncom today promotes all its generic, herbal and OTC range of products in the markets where it operates. Syncom's presence is felt in Asia, Africa, CIS, and Russia and Latin American countries. Mumbai Office also houses the Regulatory Affairs Department, which is well equipped with modern library, reference documents, and all other facilities to provide world-class registration dossiers.

Syncom's vision to globalise its herbal range of product has been vindicated by the excellent acceptance of these products by customers world over. Syncom has taken efforts to bring to mankind the goodness of AYURVEDA, the traditional Indian medicinal science through its unique range of herbal products used for various therapeutic and prophylactic purposes. Millions of healthy patients world wide, stand testimony to the alleviation of various disorders and improvement in their quality of life with products. The company presently exports goods to Guinea, Ghana, Kenya, Uganda, Sudan, Russia, Maldova, Tanzania, Africa, Azberjan, Nepal and Srilanka.

The company has been approved as a supplier to reputed hospitals and regulatory agencies including Central Medical Stores Organization of Gujarat Govt, Directorate of health services of Delhi Govt. and Central Govt. and supply to and registration of defense services is in its final stages. This results in generating substantial sales volume. Keeping in view the shifting consumer preferences for the use of herbal products, the company is aggressively manufacturing and marketing its herbal products like Colo Vaporex, Colo Inhaler, Edicare, Attom Megacaps, Ecziguard and Yas antacid salt.

In 2012 Company incorporated a Wholly Owned Subsidiary Company in the name of "TRADE ZONE FZE" in the United Arab Emirates.

Product range of the company includes:


  • Tablets
  • Capsules
  • Liquid Orals
  • Vials
  • Eye / Ear Drops
  • Ampoules
  • Dry Powder Orals

Herbal Branded

  • Colo Vaporex
  • Colo Inhaler
  • Colo Mouth Gel
  • Fastac Ointment
  • Candid Balm
  • Saloni Cream
  • Borosyn Cream
  • Edicare Cream
  • Ecziguard Cream
  • Pyl Gel
  • Attom Cream
  • Attom Megacaps
  • Shilajit Capsules
  • Liovset Tonic
  • Colo Cough Syrup
  • Pudin Rahat
  • Syncom Gripe Water
  • Feelax Powder
  • Yas Antacid Salt

Branded Allopathic

  • Qudermis Cream
  • Silver Plus Cream
  • Aciril Tablets
  • Fastac tablets
  • Odynil Tablets
  • Palera Plus Tablets
  • Polyfer Tablets 50 mg
  • Polyfer tablets 100 mg
  • Syncal D Tablets
  • M - Dox DT Tablets
  • Synortin Tablets
  • Synospas Tablets
  • Tici Forte Tablets
  • Triple Action Tablets
  • Flusa Kit Tablets
  • HBC kit (Combikit of 4 Tablets)
  • NTB-4 Kit Tablets
  • Fresca Tablets
  • Thixim
  • Thixim Tablets
  • Anergy Cap's
  • Grosyn
  • Profeed
  • Q-Coril Cough Formula
  • Syncal D-B12 Syrup
  • Aciril Suspension
  • Anergy Syrup
  • Nutone Syrup
  • Thixim-I Injection
  • Thixim-I Injection
  • Ceftacom Injection
  • Ceftacom Injection
  • TD-Mox
  • Polyfer Drops
  • Revive

Achievements/ recognition:

  • GMP certification
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