SYNGENEHealthcare

Syngene International Limited

Healthcare Research, Analytics & Technology · ISIN INE398R01022 · BSE 539268 · NSE EQ · FV ₹10
Last price
₹418
+2.68%today
What this company does

Syngene International Limited operates in Healthcare Research, Analytics & Technology, part of the Healthcare sector. It booked ₹833 cr of revenue in its latest quarter (Q2 FY27) and kept 3.9% of sales as profit. It is the largest of 5 Healthcare Research, Analytics & Technology companies we track, by market value.

“An Integrated Platform for Innovation Bayview biologics manufacturing facility, Maryland, USA Syngene is one of the largest integrated CRDMO players in India, operating at global scale with a one-stop platform for drug discovery, development and manufacturing.”
In the report:
49out of 100
Equitytale Health Score
Mixed

Healthier than 49% of companies in Healthcare, on all six measures of filed financials. Each measure is ranked against the 80–153 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
59

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Balance sheet59

How much it owes, and whether earnings cover the interest

Cash quality91

Whether reported profit actually arrives as cash

Growth & consistency36

Whether sales and profit have grown, and how steadily

Valuation28

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 53%
✓ No promoter shares pledged
✓ Virtually debt-free
Watch-outs
! Thin 3.9% net margin
! Sales down 9% vs last year
! Profit down 52% vs last year
! Low 2.7% return on equity
! Operating cash flow is negative

What if I invest in SYNGENE?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹418▲ +2.68%
latest close · 2026-11-04
1-year return
-32.1%
52-wk low ₹34452-wk high ₹683
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio130.5High
LowAverageHigh
P/B ratio3.47High
Below bookModerateHigh
EV / EBITDA24.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.7%Weak
WeakFairStrong ▸15%
Return on capital4.2%Weak
WeakFairStrong
Net margin3.9%Thin
ThinDecentStrong
EBITDA margin20.3%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover5.7×Strong
RiskyOkayStrong ▸5×
Current ratio1.65Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹16,854 cr
Book value
₹120
EPS
₹0.80
latest quarter
Net debt
₹-53 cr
more cash than debt
Enterprise value
₹16,802 cr
EBITDA
₹675 cr
annualised
EBIT
₹228 cr
annualised
Operating margin
6.8%
Return on assets
1.9%
Earnings yield
0.77%
P/S
5.06
Sales / share
₹82.5
Tax rate
31.5%
Face value
₹10
Shares
40.4 cr
Working capital
₹765 cr
Current assets
₹1,948 cr
Current liabilities
₹1,183 cr
Delivery %
45.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models disagree too widely to call this cheap or dear — likely a hard-to-compare or transitioning business.
Models span ₹85–₹288, midpoint ₹187

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹833 cr
Other Income₹28 cr
Total Income₹861 cr
Cost of Materials₹203 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-4 cr
Employee Benefit Expense₹273 cr
Finance Costs₹10 cr
Depreciation & Amortisation₹112 cr
Other Expenses₹214 cr
Total Expenses₹807 cr
Exceptional Items₹-7 cr
Profit before Tax₹47 cr
Tax Expense₹15 cr
Net Profit₹32 cr
Net margin on total income3.7%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹199 cr23.3%
Employee benefit expense₹273 cr31.9%
Finance costs₹10 cr1.2%
Depreciation & amortisation₹112 cr13.1%
Other expenses₹214 cr25.1%
Tax expense₹15 cr1.7%
Profit for the period₹32 cr3.8%
Total income ₹861 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue1,037 cr736 cr833 cr
Total income1,059 cr761 cr861 cr
Expenses857 cr767 cr807 cr
Profit before tax196 cr-19 cr47 cr
Tax48 cr-10 cr15 cr
Net profit (owners' share)148 cr-9 cr32 cr
Net margin (owners' share, on revenue)14.3%-1.2%3.9%
EPS (₹)3.68-0.220.80
YoY (latest quarter): total income -7.1% · net profit -52.0%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹6,659 cr
Shareholder equity
₹4,859 cr
parent shareholders
Total debt
₹67 cr
Cash
₹120 cr
Cash flow · H1 FY27
Operating
₹-143 cr
Investing
₹50 cr
Financing
₹-20 cr
Peer comparison
Healthcare Research, Analytics & Technology · by market value
CompanyPriceMarket capP/E
Syngene International Limitedthis company₹407₹16,414 cr127.1
Indegene Limited₹613₹14,738 cr32.8
Suven Life Sciences Limited₹261₹6,895 cr—
Vimta Labs Limited₹486₹1,079 cr15.4
TAKE Limited₹11₹161 cr38.9
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.30%
trailing 12 months
Dividend / share (TTM)
₹1.25
Last dividend
₹1.25
ex 25 Jun 2026
ActionDetailEx-date
Dividend₹1.25 / share25 Jun 2026
Dividend₹1.25 / share27 Jun 2025
Dividend₹1.25 / share28 Jun 2024
Dividend₹0.5 / share30 Jun 2023
Dividend₹0.75 / share30 Jun 2023
Dividend₹0.5 / share30 Jun 2022
Who owns it · 2026-09-30
No pledge
Promoter
52.6%
FII / Foreign
10.1%
DII / Domestic
29.3%
Retail / others
7.6%
Promoter stake down 2.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldANJAN CHAKRABARTI · Employees/Designated Employees6,190 · ₹52.7 L27 Dec 24
SoldANJAN CHAKRABARTI · Employees/Designated Employees27,200 · ₹2.3 cr20 Dec 24
BoughtANJAN CHAKRABARTI · Employees/Designated Employees58,390 · ₹5.0 cr19 Dec 24
Bulk / block deals
short— · NSE128 Oct 26
short— · NSE122 Oct 26
short— · NSE121 Oct 26
Stake changes
SoldMirae Asset Mutual Fund→ 0.80% · 8.61 L21 Jul 26
BoughtNippon India Mutual Fund→ 7.12% · 16.00 L10 Apr 26
BoughtDSP Trustee Private Limited on behalf of schemes of DSP Mutual Fund→ 5.03% · 9.93 L7 Apr 26
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 23 Jul 2025
See the official result
1
To receive, consider and adopt the audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
15.23 cr votes for, 557 against · 0% of mutual funds and other big investors said no
2
To declare a final dividend of Rs. 1.25/- per equity share for the financial year ended March 31, 2025
Backed by 100% of shareholders other than promotersneeded 50%
15.23 cr votes for, 4,529 against · 0% of mutual funds and other big investors said no
3
To consider and approve the appointment of Professor Catherine Rosenberg (DIN: 06422834) as Director liable to retire by rotation
Backed by 98% of shareholders other than promotersneeded 50%
14.97 cr votes for, 26.54 L against · 2% of mutual funds and other big investors said no
4
To appoint M/s V Sreedharan & Associates, Company Secretaries, as secretarial auditors of the Company and to fix their remuneration
Backed by 100% of shareholders other than promotersneeded 50%
15.23 cr votes for, 1,382 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 52.6% between them · as of 2026-09-30
BIOCON LIMITED52.32%
BIOCON LIMITED EMPLOYEE WELFARE TRUST0.26%
KIRAN MAZUMDAR SHAW0.01%
BIOCON RESEARCH LIMITEDno shares
DEV MAZUMDARno shares
RAVI RASENDRA MAZUMDARno shares
Business done with them
FY2026 · 1 of the group
The company paid ₹16 cr to companies in the promoter group last year — about 0.4% of its ₹3,739 cr revenue and received ₹28 cr back from them.
BIOCON LIMITED
Settlement Of Liabilities On Behalf Of Entity By Related Party · As stated below
also owns 52.32% of the company
₹27 cr
company received
BIOCON LIMITED
Other payments to them · As stated below
also owns 52.32% of the company
₹16 cr
company paid
BIOCON LIMITED
Leases As Lessee · As stated below
also owns 52.32% of the company
₹10 cr
company received
BIOCON LIMITED
Provided services to them · As stated below
also owns 52.32% of the company
₹90 L
company received
BIOCON LIMITED
Settlement Of Liabilities By Entity On Behalf Of Related Party · As stated below
also owns 52.32% of the company
₹10 L
company paid

The company also transacted with 29 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.