Syngene International Ltd.
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ABOUT
AI Sector View
AI GENERATEDHealthcare
This stance relies on proxies and positioning because no direct pharma-export or healthcare operating series exists in the dataset. The depreciated currency at 95.23 (Sep/26) can support export earnings, inflation at 4.45% (Jul/26) is manageable for a defensive sector, and consumer spending remains large at INR 44743 billion (Jun/26). Strong FPI inflow of INR 10620 crore over 3 months to 2026-08-31 from INR -11381 crore in the prior 3 months adds a real sector-specific tailwind, but confidence stays capped because the fundamental drivers are indirect proxies.
PROS
- Company is almost debt free
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.31x)
- Working capital cycle has improved - days down from 76 to 49
- Company generates healthy free cash flow
- Company has a consistent dividend-paying track record
CONS
- Recent results are weak - TTM profit is down 54.8% versus prior year
- Company has a low return on equity of 9.8% over last 3 years
- Promoter holding has decreased over last 2 years: -2.1pp
- Company has delivered a poor profit growth of -5.5% over past five years
- Operating margins have contracted to 23.5% from 31.4%
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PFOCUS | 310.60 | 209.28 | 24188.72 | 0.00 | -457.78 | -514.43 | 12668.15 | 1196.88 | 2.74 | 23.76 |
| SAGILITY | 45.15 | 21.28 | 21136.20 | 0.33 | 216.81 | 45.94 | 1963.48 | 27.59 | 13.82 | 22.32 |
| HORIZONIND | 55.65 | 244.03 | 16043.35 | 0.00 | -116.27 | — | 2005.46 | — | 3.32 | 80.26 |
| SYNGENE | 382.65 | 69.89 | 15446.40 | 0.33 | -9.00 | -110.38 | 736.00 | -15.84 | 9.48 | 12.34 |
| INDGN | 578.05 | 34.74 | 13929.08 | 0.39 | 116.20 | -0.17 | 1063.10 | 39.73 | 18.92 | 16.39 |
| IGIL | 314.20 | 22.27 | 13578.46 | 1.59 | 165.74 | 30.98 | 370.78 | 23.22 | 77.00 | 60.35 |
| NESCO | 1102.75 | 18.65 | 7769.97 | 0.63 | 99.96 | 3.97 | 211.80 | 9.55 | 19.23 | 48.33 |
| LEAPIND | 144.55 | 102.15 | 6367.95 | 0.00 | 247.33 | — | 2034.13 | — | 9.32 | 51.19 |
| SPARC | 196.10 | 4.02 | 6363.87 | 0.00 | -20.78 | 59.94 | 39.92 | 314.11 | 163.94 | -85.17 |
| SMARTWORKS | 530.60 | 217.74 | 6069.06 | 0.00 | 13.15 | 413.27 | 546.25 | 44.05 | 61.12 | 63.33 |
| JUSTDIAL | 665.10 | 15.59 | 5656.61 | 0.00 | 115.74 | 38.44 | 270.27 | 16.23 | 12.88 | 26.17 |
| LATENTVIEW | 252.50 | 26.76 | 5228.85 | 0.00 | 47.10 | -6.84 | 286.88 | 21.55 | 16.69 | 19.76 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 716 | 831 | 792 | 865 | 726 | 821 | 877 | 948 | 799 | 830 | 834 | 960 | 663 | |
| 552 | 614 | 592 | 565 | 578 | 613 | 627 | 638 | 631 | 653 | 650 | 676 | 684 | |
| Operating Profit | 163 | 217 | 200 | 299 | 148 | 209 | 250 | 310 | 168 | 178 | 185 | 284 | -21 |
| OPM % | 22.83% | 26.07% | 25.19% | 34.61% | 20.40% | 25.40% | 28.47% | 32.69% | 21.03% | 21.38% | 22.14% | 29.61% | -3.21% |
| 23 | 14 | 25 | 15 | 50 | 16 | 19 | 18 | 17 | 14 | -51 | 14 | 38 | |
| Interest | 6 | 9 | 6 | 8 | 7 | 7 | 7 | 10 | 6 | 7 | 6 | 6 | 4 |
| Depreciation | 89 | 91 | 94 | 96 | 92 | 94 | 92 | 90 | 95 | 100 | 97 | 95 | 96 |
| Profit before Tax | 92 | 131 | 125 | 210 | 99 | 124 | 170 | 229 | 84 | 84 | 30 | 197 | -10 |
| Tax % | 17.70% | 22.26% | 19.97% | 9.79% | 25.20% | 22.28% | 27.50% | 23.74% | 12.11% | 21.38% | 45.18% | 24.66% | 79.00% |
| Net Profit | 75 | 102 | 100 | 190 | 74 | 97 | 123 | 174 | 74 | 66 | 16 | 148 | -2 |
| 1.88 | 2.53 | 2.49 | 4.73 | 1.84 | 2.41 | 3.07 | 4.34 | 1.84 | 1.65 | 0.41 | 3.68 | -0.05 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,201 | 1,423 | 1,826 | 2,012 | 2,179 | 2,601 | 3,194 | 3,203 | 3,373 | 3,424 | 3,288 | |
| 816 | 1,033 | 1,291 | 1,410 | 1,528 | 1,864 | 2,261 | 2,324 | 2,456 | 2,615 | 2,662 | |
| Operating Profit | 385 | 390 | 534 | 602 | 651 | 738 | 933 | 879 | 918 | 809 | 625 |
| OPM % | 32.03% | 27.41% | 29.28% | 29.93% | 29.88% | 28.36% | 29.20% | 27.43% | 27.20% | 23.63% | 19.02% |
| 94 | 136 | 76 | 167 | 118 | 78 | 73 | 77 | 102 | -1 | 15 | |
| Interest | 18 | 23 | 32 | 35 | 28 | 24 | 45 | 30 | 31 | 26 | 24 |
| Depreciation | 114 | 131 | 164 | 219 | 274 | 310 | 359 | 369 | 367 | 387 | 388 |
| Profit before Tax | 346 | 372 | 414 | 516 | 467 | 482 | 601 | 557 | 622 | 395 | 301 |
| Tax % | 17.09% | 18.01% | 20.16% | 20.21% | 13.63% | 18.25% | 21.28% | 16.29% | 24.71% | 22.85% | 23.99% |
| Net Profit | 287 | 305 | 331 | 412 | 404 | 394 | 473 | 466 | 468 | 305 | 229 |
| EPS | 14.55 | 15.41 | 8.34 | 10.33 | 10.08 | 977.00 | 11.72 | 11.60 | 11.63 | 7.57 | — |
| Dividend Payout % | 6.96% | 6.56% | 3.02% | 0.00% | 0.00% | 10.18% | 10.61% | 10.77% | 10.75% | 16.52% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 9%
- 3 Years:
- 2%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 2%
- 5 Years:
- -5%
- 3 Years:
- -14%
STOCK PRICE CAGR
- 10 Years:
- 5%
- 5 Years:
- -10%
- 3 Years:
- -23%
- 1 Year:
- -42%
RETURN ON EQUITY
- 10 Years:
- 16%
- 5 Years:
- 11%
- 3 Years:
- 10%
- Last Year:
- 7%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 200 | 200 | 200 | 400 | 400 | 401 | 401 | 402 | 402 | 403 |
| 1,188 | 1,492 | 1,739 | 1,735 | 2,341 | 2,804 | 3,155 | 3,772 | 4,209 | 4,259 | |
| 884 | 876 | 1,030 | 1,095 | 1,141 | 1,261 | 904 | 547 | 502 | 422 | |
| Trade Payables | 102 | 203 | 224 | 223 | 239 | 235 | 260 | 254 | 346 | 310 |
| 336 | 345 | 419 | 586 | 667 | 794 | 1,047 | 809 | 918 | 1,085 | |
| Total Liabilities | 2,711 | 3,116 | 3,611 | 4,039 | 4,789 | 5,496 | 5,768 | 5,784 | 6,377 | 6,479 |
| 810 | 1,030 | 1,337 | 1,984 | 2,163 | 2,354 | 2,212 | 2,277 | 2,207 | 2,456 | |
| Capital Work in Progress | 175 | 155 | 274 | 234 | 237 | 346 | 126 | 758 | 875 | 536 |
| 540 | 158 | 716 | 777 | 702 | 1,034 | 941 | 928 | 1,468 | 1,564 | |
| 32 | 86 | 43 | 25 | 60 | 179 | 333 | 234 | 150 | 137 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 428 | 469 | 432 | |
| Cash & Bank | 527 | 966 | 435 | 280 | 638 | 515 | 509 | 528 | 652 | 724 |
| 626 | 720 | 805 | 739 | 988 | 1,066 | 1,647 | 632 | 554 | 630 | |
| Total Assets | 2,711 | 3,116 | 3,611 | 4,039 | 4,789 | 5,496 | 5,768 | 5,784 | 6,377 | 6,479 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 473 | 526 | 726 | 784 | 781 | 686 | 972 | 913 | 1,114 | 831 | |
| Cash from Investing | -469 | -350 | -646 | -428 | -628 | -612 | -688 | -384 | -810 | -784 |
| Cash from Financing | -81 | -79 | -72 | -226 | 58 | -31 | -340 | -536 | -136 | -178 |
| -152 | 17 | -89 | 24 | 128 | -61 | -190 | -6 | 167 | -131 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-12 - Syngene International Limited has informed the Exchange about Schedule of meet
2026-09-11 - Syngene International Limited has informed the Exchange about Schedule of meet
2026-09-10 - Syngene International Limited has informed the Exchange about the Communication regarding remittance of final dividend for the FY 2025-26.
2026-09-01 - Syngene International Limited has informed the Exchange regarding Grant of Performance Share Units under Syngene Long Term Incentive Performance Share Plan (PSP) 2023 (Plan).
2026-08-25 - Syngene International Limited has informed the Exchange about Schedule of meet
2026-08-24 - Syngene International Limited has informed the Exchange about Acquisition
2026-08-24 - Syngene International Limited has informed the Exchange about Schedule of meet
2026-08-10 - Syngene International Limited has informed the Exchange about Schedule of meet
2026-08-06 - Syngene International Limited has informed the Exchange about Transcript
News
Recent coverage and analyst commentary for SYNGENE
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Syngene International Ltd.
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