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    Health technology

  3. •

    Pharmaceuticals: major
Syncom Formulation (India) Ltd.

Syncom Formulation (India) Ltd.

21.21
INR
-0.63
(-2.88%)
0.94EPS
15.13P/E
13.40BMarket Cap
Syncom Formulation (India) Ltd.
BSE:SYNCOMF
(Bombay Stock Exchange)

Recent

price

21.21

P/E

ratio

15.13

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
0.98
1.52
1.47
2.71
2.22
2.36
2.19
2.14
2.3
2.39
3.07
2.67
2.4
2.76
4.87
5.12
5.48
Revenue per Share
- -
0.04
0.07
0.17
0.12
0.13
0.13
0.12
0.14
0.17
0.37
0.24
0.22
0.27
0.53
0.81
0.94
Basic EPS, GAAP
-0.25
0.01
0.04
0.12
- -
0.25
0.11
-0.11
0.05
0.05
-0.03
0.06
-0.11
-0.15
0.14
0.49
- -
Free Cash Flow per Basic Share
0.01
0.02
0.02
0.03
0.02
0.02
0.02
0.03
- -
- -
- -
- -
0.03
- -
- -
- -
- -
Dividend per Share
1.05
1.07
1.12
1.22
1.28
1.35
1.46
1.56
1.7
1.87
2.37
2.58
2.72
3.07
3.64
4.41
- -
Book Value per Share
1.04
1.07
1.12
1.22
1.28
1.35
1.46
1.56
1.7
1.86
2.37
2.58
2.72
3.06
3.64
4.41
- -
Tangible Book Value per Share
781
781
781
559
781
781
819
721
792
838
781
817
929
940
940
940
908
Basic Weighted Avg Shares
763
1,185
1,149
1,513
1,734
1,839
1,795
1,540
1,820
2,001
2,393
2,178
2,225
2,592
4,574
4,817
4,978
Sales/Revenue/Turnover
0.63
4.96
6.72
8.7
8.54
7.65
7.4
5.18
4.31
6.36
14.63
7.93
7.39
9.71
11.84
16.13
16.29
Operating Margin (%)
24
27
29
31
34
30
31
37
40
41
40
39
45
47
52
65
67
Depreciation Expense
2
35
57
93
98
104
107
86
111
143
292
198
201
253
494
764
855
Net Income, GAAP
54.44
35.8
33.06
33.1
37.6
35.68
33.41
28.03
12.51
17.56
28.33
24.39
24.47
25.44
24.54
24.41
24.36
Effective Tax Rate (%)
0.27
2.96
4.92
6.16
5.63
5.63
5.94
5.61
6.09
7.12
12.19
9.09
9.02
9.76
10.81
15.87
17.18
Profit Margin (%)
287
277
335
365
469
285
302
387
455
582
931
615
685
1,683
2,106
2,266
- -
Working Capital
20
14
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
817
836
877
952
1,002
1,056
1,141
1,219
1,326
1,457
1,876
2,222
2,560
2,881
3,422
4,150
- -
Total Equity
0.3
4.47
6.14
9.58
9.22
8.96
7.66
4.46
4.98
7.23
12.63
4.94
4.02
5.36
11.55
15.39
- -
Return on Invested Capital (%)
0.52
4.47
6.47
10.15
9.66
9.56
9.13
6.77
8.18
10.17
14.75
7.99
7.26
8.16
14.13
20.16
- -
Return on Capital (%)
0.3
4.24
6.6
10.19
9.99
10.06
9.69
7.33
8.71
10.24
17.51
9.66
8.39
9.3
15.69
20.19
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
15
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
940
940
940
Market Capitalization
13,414
9,682
13,395

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
3,304
- -
Cash, Cash Equivalents & STI
- -
1,126
- -
Accounts Receivable, Net
- -
1,105
- -
Inventories
- -
629
- -
Total Current Liabilities
- -
1,037
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
15
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.85%
17.25%
21.29%
Free Cash Flow
-110.8%
-111.27%
244.37%
Net Income, GAAP
29.08%
29.06%
54.62%
Sales/Revenue/Turnover
12.26%
18.29%
5.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
873
1,023
1,275
1,489
4,574
2026
1,169
1,217
1,151
1,354
4,817
2027
1,255
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.11
0.16
0.14
0.19
0.53
2026
0.17
0.18
0.23
0.27
0.81
2027
0.26
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Syncom Formulations (India) Limited manufactures, markets, and exports pharmaceutical formulations in various dosage forms including tablets, capsules, liquids orals, liquid vials and ampoule injections, dry powder injections, ophthalmic preparations, dry syrups and suspensions, ointments, creams, gels, ORS, and jellies; it offers specialized products in antibiotics/antiinfectives, anthelmintics, antimalarials, cardiac, dermatological, gastroenterological, gynecological, ophthalmological, orthopedic, and pediatric categories; under the Cratus brand, it provides life care, Evolve reproductive medicine and women's care, and right nutrition products; the company also engages in commodity trading and property renting. Incorporated in 1988 and headquartered in Indore, Madhya Pradesh, India, with manufacturing facilities at Pithampur and a registered office in Mumbai, Syncom Formulations operates WHO-GMP and ISO 9001-2015 certified plants, serving domestic markets through its Cratus division and exporting to over 25 countries with more than 400 registered products. In November 2025, the company acquired a commercial property in Mumbai's Andheri-Kurla Road area for Rs 51.70 crore from HDFC Bank Ltd, representing a material expansion of its fixed assets; additionally, in 2024, shareholders approved the re-appointment of Chairman and Whole-Time Director Kedarmal Bankda effective May 2025 and Managing Director Vijay Bankda effective November 2024, each for two-year terms.