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    Syncom Formulations (India) Limited

    Indore-based pharma maker of generic formulations, nutraceuticals and injectables, manufactured at its Pithampur plant.

    Healthcare
    Healthcare
    ₹13.99
    -0.74% from avg

    Overview

    Price

    ₹13.99

    Market Cap

    ₹1.2k Cr

    Sector

    Healthcare

    Healthcare

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital7879869494949494
    Reserves68109136162192246282318
    Borrowings262588372401
    Other Liabilities33422838336674116
    Total Liabilities181292308377392410451529
    AssetsFixed Assets93919491120125124184
    CWIP006260080
    Investments11143646693148109
    Other Assets87189165196206192171237
    Total Assets181292308377392410451529

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating46-21610-62358
    Cash from Investing22-75-27-4584-18-51
    Cash from Financing0-772835-15-68-3
    SummaryCapital Expenditure
    Free Cash Flow104-55-10-141347
    FCF Margin

    Valuation

    Assumptions

    Current — SYNCOMF
    Price
    ₹14
    EPS (TTM)
    ₹0.71
    PE (TTM)
    19.8
    Profit growth
    49.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (33.6×) and current (19.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹14
    vs
    Fair value · 15% return
    ₹54
    287%Undervalued

    At 49.6% growth and a 20× exit, ₹14 only delivers your return if you pay ₹54. The price is currently baking in 17% growth.

    EPS grows 49.6%/yr for 5 years, then fades to 6% over 2, exits at 20×.

    YearGrowthEPS (₹)
    FY2749.6%1.06
    FY2849.6%1.59
    FY2949.6%2.38
    FY3049.6%3.56
    FY3149.6%5.32
    FY3227.8% ·fade6.80
    FY336.0% ·fade7.21

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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