Synoptics Technologies Ltd.

•

₹ 60.60%

2026-08-21

synoptics.co.inBSE: -NSE: SYNOPTICS

Market Cap₹ 51 Cr.

Current Price₹ 69

High / Low₹ 112 / 40

Stock P/E12.6

Book Value₹ 87

Price to Book1.01

Dividend Yield0.00 %

ROCE8.8 %

ROE6.0 %

Face Value₹ 10

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ABOUT

KEY POINTS

PROS

Company has consistently been profitable over the last 5 years
Operating margins have improved to 26.4% from 21.8%
Company maintains a comfortable, low leverage position

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.47x)
Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 65.5% year on year
Equity base is being diluted - shares outstanding up 21.1%
Free cash flow has been persistently negative

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

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Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ADANIENT	2979.00	54.17	403273.96	0.04	-1461.54	-249.67	32923.98	49.92	13.30	15.57
2.	AEGISLOG	1363.65	38.25	47864.12	0.64	544.84	210.70	2356.86	37.07	19.76	30.28
3.	PREMIERENE	1008.00	27.48	45758.31	0.10	471.92	53.32	2462.59	35.25	41.97	29.03
4.	CPPLUS	3307.45	81.98	39127.28	0.05	142.20	332.51	1402.42	89.51	29.48	14.52
5.	REDINGTON	334.90	15.39	26181.63	1.79	453.49	94.65	34922.47	34.57	18.96	2.03
6.	HONASA	476.90	62.48	15548.09	0.63	90.45	118.87	755.95	27.00	8.99	14.58
7.	LLOYDSENT	78.59	106.84	11997.17	0.19	109.98	-55.77	563.03	70.15	12.84	18.07
8.	SGMART	805.80	81.69	10155.92	0.00	455.80	1310.71	13085.70	1044.08	11.45	4.49
9.	MMTC	62.10	20.82	9315.00	0.00	104.24	135.52	0.68	-50.00	6.90	-1423.53
10.	CELLO	358.45	25.31	7917.62	0.42	73.40	-8.99	526.72	-0.43	17.15	18.80
11.	EBGNG	588.80	47.13	6713.00	0.00	289.30	1462.10	4124.61	1220.81	20.14	11.97
12.	SYNOPTICS	60.60	12.56	51.39	0.00	—	—	—	—	8.76	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	22	35	51	51	43	43
	16	27	40	36	30	32
Operating Profit	6	8	11	16	14	12
OPM %	29	23	22	31	32	27
Other Income	0	0	0	0	0	0
Interest	2	2	1	2	2	3
Depreciation	2	3	4	5	4	3
	2	3	6	9	8	6
Tax %	16	26	26	24	24	28
Net Profit	2	2	4	7	6	4
EPS	3	3	6	9	7	5
Dividend Payout %	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	3	3	6	9	7	5
Minority Interest	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0
Adjusted EPS	3	3	6	9	7	5

Mar 2020

: 22
: 16
Operating Profit: 6
OPM %: 29
Other Income: 0
Interest: 2
Depreciation: 2
: 2
Tax %: 16
Net Profit: 2
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 35
: 27
Operating Profit: 8
OPM %: 23
Other Income: 0
Interest: 2
Depreciation: 3
: 3
Tax %: 26
Net Profit: 2
EPS: 3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2022

: 51
: 40
Operating Profit: 11
OPM %: 22
Other Income: 0
Interest: 1
Depreciation: 4
: 6
Tax %: 26
Net Profit: 4
EPS: 6
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 6

Mar 2023

: 51
: 36
Operating Profit: 16
OPM %: 31
Other Income: 0
Interest: 2
Depreciation: 5
: 9
Tax %: 24
Net Profit: 7
EPS: 9
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 9

Mar 2024

: 43
: 30
Operating Profit: 14
OPM %: 32
Other Income: 0
Interest: 2
Depreciation: 4
: 8
Tax %: 24
Net Profit: 6
EPS: 7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 7

Mar 2025

: 43
: 32
Operating Profit: 12
OPM %: 27
Other Income: 0
Interest: 3
Depreciation: 3
: 6
Tax %: 28
Net Profit: 4
EPS: 5
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 5

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: 14%
3 Years:: -5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 15%
3 Years:: -2%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: 18%

RETURN ON EQUITY

10 Years:: —
5 Years:: 18%
3 Years:: 16%
Last Year:: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
LIABILITIES	-	-	-	-	-	-
Equity Capital	7	7	7	7	8	8
	5	8	12	18	57	61
	3	3	3	4	8	12
Trade Payables	4	4	4	2	2	6
	14	15	17	23	15	26
Total Liabilities	33	38	43	55	91	113
ASSETS	-	-	-	-	-	-
	12	12	13	9	11	17
Capital Work in Progress	0	0	0	0	1	3
	2	2	6	5	5	5
	0	0	0	0	16	19
Cash & Bank	3	1	2	3	4	3
	17	23	23	38	54	66
Total Assets	33	38	43	55	91	113
Total Debt	13	12	14	22	20	34
Net Working Capital	7	9	8	21	35	33
Contingent Liabilities	2	3	1	2	1	5
Book Value per Share	17.57	21.04	27.18	36.28	77.54	82.36
Face Value	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	13	12	14	22	20	34
Net Working Capital	7	9	8	21	35	33
Contingent Liabilities	2	3	1	2	1	5
Book Value per Share	17.57	21.04	27.18	36.28	77.54	82.36
Face Value	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2020

Equity Capital: 7
: 5
: 3
Trade Payables: 4
: 14
Total Liabilities: 33
: 12
Capital Work in Progress: 0
: 2
: 0
Cash & Bank: 3
: 17
Total Assets: 33
Total Debt: 13
Net Working Capital: 7
Contingent Liabilities: 2
Book Value per Share: 17.57
Face Value: 10.00
Total Debt: 13
Net Working Capital: 7
Contingent Liabilities: 2
Book Value per Share: 17.57
Face Value: 10.00

Mar 2021

Equity Capital: 7
: 8
: 3
Trade Payables: 4
: 15
Total Liabilities: 38
: 12
Capital Work in Progress: 0
: 2
: 0
Cash & Bank: 1
: 23
Total Assets: 38
Total Debt: 12
Net Working Capital: 9
Contingent Liabilities: 3
Book Value per Share: 21.04
Face Value: 10.00
Total Debt: 12
Net Working Capital: 9
Contingent Liabilities: 3
Book Value per Share: 21.04
Face Value: 10.00

Mar 2022

Equity Capital: 7
: 12
: 3
Trade Payables: 4
: 17
Total Liabilities: 43
: 13
Capital Work in Progress: 0
: 6
: 0
Cash & Bank: 2
: 23
Total Assets: 43
Total Debt: 14
Net Working Capital: 8
Contingent Liabilities: 1
Book Value per Share: 27.18
Face Value: 10.00
Total Debt: 14
Net Working Capital: 8
Contingent Liabilities: 1
Book Value per Share: 27.18
Face Value: 10.00

Mar 2023

Equity Capital: 7
: 18
: 4
Trade Payables: 2
: 23
Total Liabilities: 55
: 9
Capital Work in Progress: 0
: 5
: 0
Cash & Bank: 3
: 38
Total Assets: 55
Total Debt: 22
Net Working Capital: 21
Contingent Liabilities: 2
Book Value per Share: 36.28
Face Value: 10.00
Total Debt: 22
Net Working Capital: 21
Contingent Liabilities: 2
Book Value per Share: 36.28
Face Value: 10.00

Mar 2024

Equity Capital: 8
: 57
: 8
Trade Payables: 2
: 15
Total Liabilities: 91
: 11
Capital Work in Progress: 1
: 5
: 16
Cash & Bank: 4
: 54
Total Assets: 91
Total Debt: 20
Net Working Capital: 35
Contingent Liabilities: 1
Book Value per Share: 77.54
Face Value: 10.00
Total Debt: 20
Net Working Capital: 35
Contingent Liabilities: 1
Book Value per Share: 77.54
Face Value: 10.00

Mar 2025

Equity Capital: 8
: 61
: 12
Trade Payables: 6
: 26
Total Liabilities: 113
: 17
Capital Work in Progress: 3
: 5
: 19
Cash & Bank: 3
: 66
Total Assets: 113
Total Debt: 34
Net Working Capital: 33
Contingent Liabilities: 5
Book Value per Share: 82.36
Face Value: 10.00
Total Debt: 34
Net Working Capital: 33
Contingent Liabilities: 5
Book Value per Share: 82.36
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	1	3	6	-1	-23	-1
Cash from Investing	-2	-3	-3	-4	-6	-11
Cash from Financing	2	-2	-4	5	31	11
	2	-2	-1	1	1	-1
Free Cash Flow	1	-0	2	-2	-29	-12
OCF / Net Profit	0.70	1.13	1.40	-0.09	-3.86	-0.19
Cumulative 5-Year FCF	0	0	0	0	0	-42
OCF / Net Profit	0.70	1.13	1.40	-0.09	-3.86	-0.19
Cumulative 5-Year FCF	0	0	0	0	0	-42

Mar 2020

: 1
Cash from Investing: -2
Cash from Financing: 2
: 2
Free Cash Flow: 1
OCF / Net Profit: 0.70
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.70
Cumulative 5-Year FCF: 0

Mar 2021

: 3
Cash from Investing: -3
Cash from Financing: -2
: -2
Free Cash Flow: -0
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.13
Cumulative 5-Year FCF: 0

Mar 2022

: 6
Cash from Investing: -3
Cash from Financing: -4
: -1
Free Cash Flow: 2
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 0
OCF / Net Profit: 1.40
Cumulative 5-Year FCF: 0

Mar 2023

: -1
Cash from Investing: -4
Cash from Financing: 5
: 1
Free Cash Flow: -2
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.09
Cumulative 5-Year FCF: 0

Mar 2024

: -23
Cash from Investing: -6
Cash from Financing: 31
: 1
Free Cash Flow: -29
OCF / Net Profit: -3.86
Cumulative 5-Year FCF: 0
OCF / Net Profit: -3.86
Cumulative 5-Year FCF: 0

Mar 2025

: -1
Cash from Investing: -11
Cash from Financing: 11
: -1
Free Cash Flow: -12
OCF / Net Profit: -0.19
Cumulative 5-Year FCF: -42
OCF / Net Profit: -0.19
Cumulative 5-Year FCF: -42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
PER SHARE	-	-	-	-	-	-
EPS (₹)	2.91	3.47	6.13	9.47	7.08	4.77
Book Value (₹)	17.57	21.04	27.18	36.28	77.54	82.36
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	6.23	7.84	11.67	16.00	11.31	8.60
PROFITABILITY	-	-	-	-	-	-
Operating Margin %	29.13%	22.75%	21.80%	30.56%	31.66%	26.42%
Net Margin %	9.23%	6.99%	8.43%	12.98%	13.89%	9.34%
ROE %	16.57%	17.97%	25.44%	29.85%	13.18%	5.96%
ROCE %	16.31%	18.71%	24.16%	27.52%	15.43%	8.76%
	6.13%	6.86%	10.68%	13.56%	8.21%	3.95%
EFFICIENCY	-	-	-	-	-	-
Debtor Days	223	121	73	113	156	149
Inventory Days	25	19	28	39	44	44
Payable Days	190	85	68	80	57	88
	57	55	34	72	143	105
FINANCIAL HEALTH	-	-	-	-	-	-
Debt to Equity (x)	1.05x	0.81x	0.74x	0.86x	0.31x	0.48x
Interest Coverage (x)	2.43x	3.13x	5.20x	4.81x	4.33x	3.10x
	1.50x	1.52x	1.45x	2.06x	2.76x	1.95x
GROWTH	-	-	-	-	-	-
Revenue Growth %	0.00%	57.43%	46.51%	0.33%	-15.36%	0.07%
Operating Profit Growth %	0.00%	22.97%	40.35%	40.69%	-11.22%	-16.70%
Net Profit Growth %	0.00%	19.19%	76.75%	54.45%	-9.41%	-32.72%
	0.00%	0.00%	0.00%	0.00%	-25.22%	-32.72%
VALUATION	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	15.48x	17.43x
P/B (x)	0.00x	0.00x	0.00x	0.00x	1.41x	1.01x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	7.87x	8.75x

Mar 2020

EPS (₹): 2.91
Book Value (₹): 17.57
Dividend per Share (₹): 0.00
Cash EPS (₹): 6.23
Operating Margin %: 29.13%
Net Margin %: 9.23%
ROE %: 16.57%
ROCE %: 16.31%
: 6.13%
Debtor Days: 223
Inventory Days: 25
Payable Days: 190
: 57
Debt to Equity (x): 1.05x
Interest Coverage (x): 2.43x
: 1.50x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): 3.47
Book Value (₹): 21.04
Dividend per Share (₹): 0.00
Cash EPS (₹): 7.84
Operating Margin %: 22.75%
Net Margin %: 6.99%
ROE %: 17.97%
ROCE %: 18.71%
: 6.86%
Debtor Days: 121
Inventory Days: 19
Payable Days: 85
: 55
Debt to Equity (x): 0.81x
Interest Coverage (x): 3.13x
: 1.52x
Revenue Growth %: 57.43%
Operating Profit Growth %: 22.97%
Net Profit Growth %: 19.19%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): 6.13
Book Value (₹): 27.18
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.67
Operating Margin %: 21.80%
Net Margin %: 8.43%
ROE %: 25.44%
ROCE %: 24.16%
: 10.68%
Debtor Days: 73
Inventory Days: 28
Payable Days: 68
: 34
Debt to Equity (x): 0.74x
Interest Coverage (x): 5.20x
: 1.45x
Revenue Growth %: 46.51%
Operating Profit Growth %: 40.35%
Net Profit Growth %: 76.75%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2023

EPS (₹): 9.47
Book Value (₹): 36.28
Dividend per Share (₹): 0.00
Cash EPS (₹): 16.00
Operating Margin %: 30.56%
Net Margin %: 12.98%
ROE %: 29.85%
ROCE %: 27.52%
: 13.56%
Debtor Days: 113
Inventory Days: 39
Payable Days: 80
: 72
Debt to Equity (x): 0.86x
Interest Coverage (x): 4.81x
: 2.06x
Revenue Growth %: 0.33%
Operating Profit Growth %: 40.69%
Net Profit Growth %: 54.45%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2024

EPS (₹): 7.08
Book Value (₹): 77.54
Dividend per Share (₹): 0.00
Cash EPS (₹): 11.31
Operating Margin %: 31.66%
Net Margin %: 13.89%
ROE %: 13.18%
ROCE %: 15.43%
: 8.21%
Debtor Days: 156
Inventory Days: 44
Payable Days: 57
: 143
Debt to Equity (x): 0.31x
Interest Coverage (x): 4.33x
: 2.76x
Revenue Growth %: -15.36%
Operating Profit Growth %: -11.22%
Net Profit Growth %: -9.41%
: -25.22%
P/E (x): 15.48x
P/B (x): 1.41x
Dividend Yield %: 0.00%
: 7.87x

Mar 2025

EPS (₹): 4.77
Book Value (₹): 82.36
Dividend per Share (₹): 0.00
Cash EPS (₹): 8.60
Operating Margin %: 26.42%
Net Margin %: 9.34%
ROE %: 5.96%
ROCE %: 8.76%
: 3.95%
Debtor Days: 149
Inventory Days: 44
Payable Days: 88
: 105
Debt to Equity (x): 0.48x
Interest Coverage (x): 3.10x
: 1.95x
Revenue Growth %: 0.07%
Operating Profit Growth %: -16.70%
Net Profit Growth %: -32.72%
: -32.72%
P/E (x): 17.43x
P/B (x): 1.01x
Dividend Yield %: 0.00%
: 8.75x

Shareholding Pattern

Numbers in percentages

TRADES

	Mar 2018	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	100.00	73.11	73.11	73.11	73.11	73.11	73.11
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	0.00	26.89	26.89	26.89	26.89	26.89	26.89

Mar 2018

: 100.00
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 0.00

Sep 2023

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Mar 2024

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Sep 2024

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Mar 2025

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Sep 2025

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Mar 2026

: 73.11
FIIs: 0.00
DIIs: 0.00
Government: 0.00
Public: 26.89

Documents

Announcements

Nothing filed yet.

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Jul 2023
TranscriptPPTREC