Syngene International Ltd. (IN:SYNGENE)
:SYNGENE
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Syngene International Ltd.
(SYNGENE)
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Rating:56Neutral
Price Target:
₹482.00
▼(-26.76% Downside)
Action:Reiterated
Date:05/01/26
The score is held back most by extremely expensive valuation (very high P/E, low yield) and a weaker long-term technical trend (below 100/200-day averages). These are partially offset by a solid financial foundation driven by strong balance sheet quality, though the sharp FY2026 revenue/earnings downturn and volatile free cash flow reduce confidence in near-term performance.
Positive Factors
Conservative balance sheet and low leverage
Materially lower leverage and a growing equity base provide durable financial flexibility for a services+manufacturing company. This supports multi-year client commitments, capital investments in specialized facilities, and resilience through project timing swings without immediate refinancing pressure.
Negative Factors
Sharp FY2026 revenue and earnings contraction
A >20% revenue drop and large earnings decline signal meaningful client program delays, lost volumes, or contract timing issues. Such a step-change weakens cash flow predictability, stresses margin sustainability, and raises execution risk for recontracting or replacing lost workload over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet and low leverage
Materially lower leverage and a growing equity base provide durable financial flexibility for a services+manufacturing company. This supports multi-year client commitments, capital investments in specialized facilities, and resilience through project timing swings without immediate refinancing pressure.
Read all positive factors
Syngene International Ltd. (SYNGENE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹187.89B
Dividend Yield0.19%
Average Volume (3M)59.93K
Price to Earnings (P/E)26.5
Beta (1Y)0.76
Revenue Growth2.64%
EPS Growth-36.19%
CountryIN
Employees6,510
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)11.66
Shares Outstanding402,939,420
10 Day Avg. Volume148,500
30 Day Avg. Volume59,929
Financial Highlights & Ratios
PEG Ratio-1.37
Price to Book (P/B)3.24
Price to Sales (P/S)4.20
P/FCF Ratio25.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)10.58
Revenue Forecast (FY)₹39.91B
Syngene International Ltd. Business Overview & Revenue Model
Company Description
Syngene International Limited, a contract research and manufacturing company, provides drug discovery and development services in India, the United States, and internationally. The company provides discovery chemistry services, such as medicinal a...
How the Company Makes Money
Syngene primarily makes money by providing outsourced R&D and manufacturing services to life sciences customers under fee-for-service and longer-term contracted engagement models. Key revenue streams include: (1) Discovery and research services—sc...
Syngene International Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
80
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.47B | 37.39B | 36.42B | 34.89B | 31.93B | 26.04B |
| Gross Profit | 21.68B | 12.62B | 24.41B | 23.50B | 21.56B | 17.12B |
| EBITDA | 10.18B | 9.79B | 9.91B | 10.30B | 9.59B | 7.26B |
| Net Income | 4.68B | 3.17B | 4.96B | 5.10B | 4.64B | 3.96B |
Balance Sheet | ||||||
| Total Assets | 65.42B | 70.55B | 67.96B | 61.52B | 58.31B | 55.64B |
| Cash, Cash Equivalents and Short-Term Investments | 10.91B | 12.89B | 13.97B | 10.77B | 13.54B | 12.81B |
| Total Debt | 5.82B | 4.58B | 5.78B | 5.55B | 8.15B | 10.22B |
| Total Liabilities | 18.07B | 22.16B | 20.69B | 18.94B | 22.13B | 22.66B |
| Stockholders Equity | 47.35B | 48.39B | 47.27B | 42.58B | 36.18B | 32.98B |
Cash Flow | ||||||
| Free Cash Flow | -2.00B | 6.11B | 3.98B | 5.50B | 3.05B | 1.05B |
| Operating Cash Flow | -451.00M | 9.55B | 11.68B | 10.42B | 8.38B | 5.81B |
| Investing Cash Flow | 764.00M | -9.11B | -7.45B | -4.96B | -6.88B | -6.12B |
| Financing Cash Flow | -821.00M | -2.04B | -1.42B | -5.51B | -3.40B | -313.00M |
Syngene International Ltd. Technical Analysis
Positive
658.10
Price Trends
427.79
Positive
482.89
Negative
566.87
Negative
Market Momentum
10.99
Positive
55.54
Neutral
46.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SYNGENE, the sentiment is Positive. The current price of 658.1 is above the 20-day moving average (MA) of 456.02, above the 50-day MA of 427.79, and above the 200-day MA of 566.87, indicating a neutral trend. The MACD of 10.99 indicates Positive momentum. The RSI at 55.54 is Neutral, neither overbought nor oversold. The STOCH value of 46.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:SYNGENE.
Syngene International Ltd. Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹365.86B | 27.20 | ― | 1.07% | 14.50% | 47.08% | |
63 Neutral | ₹395.95B | 61.58 | ― | 0.84% | 12.20% | -93.03% | |
59 Neutral | ₹734.91B | 48.00 | ― | 0.15% | 22.67% | 147.76% | |
56 Neutral | ₹187.89B | 26.49 | ― | 0.19% | 2.64% | -36.19% | |
56 Neutral | ₹701.09B | 127.98 | ― | 0.12% | 10.91% | -67.33% | |
53 Neutral | ₹670.97B | 35.61 | ― | 0.24% | 25.44% | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% |
* Healthcare Sector Average
IN:SYNGENE
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Syngene International Ltd. Corporate Events
Syngene strengthens board with new independent directors and reappoints Vinita Bali
Apr 29, 2026
Syngene International Ltd. has announced board-level changes, with the appointment of Vijaya Chandru and Arun Chandavarkar as additional independent, non-executive directors from the company’s 33rd Annual General Meeting until the AGM in 202...
Syngene Clears FY26 Results, Dividend and New Auditor Appointment
Apr 29, 2026
Syngene International’s board has approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, and recommended a final dividend of Rs 1.25 per equity share for FY 2025-26, with a record date se...
Syngene Allots Shares Under Long-Term Incentive Plan, Slightly Raises Capital Base
Apr 29, 2026
Syngene International has approved the allotment of 729,727 equity shares to the Syngene Employee Welfare Trust under its Syngene Long Term Incentive Performance Share Plan 2023. The move modestly increases the company’s paid-up share capita...
Syngene Updates Materiality Policy Ahead of CEO Transition
Apr 29, 2026
Syngene International has amended its policy on determining the materiality of events and information under SEBI Listing Regulations, reflecting a planned change in key managerial personnel responsible for stock exchange disclosures. The move is i...
Biocon Confirms No Encumbrance on Promoter Holdings in Syngene
Apr 23, 2026
Biocon Limited, the promoter of Syngene International Ltd., has submitted a declaration to exchanges and Syngene’s audit committee under Regulation 31(4) of India’s takeover regulations. The filing confirms that Biocon, its promoter gr...
Syngene Updates Exchanges on Order Implementing NFAC Ruling in Tax Case
Mar 29, 2026
Syngene International Limited has notified stock exchanges that it has received an order dated February 6, 2026, giving effect to an earlier decision by the National Faceless Appeal Centre for assessment year 2016-17, which was communicated to the...
Syngene Closes Trading Window Ahead of FY26 Results
Mar 27, 2026
Syngene International has announced the closure of its trading window for dealings in the company’s securities from April 1, 2026, until 48 hours after the announcement of its audited financial results for the quarter and full year ending Ma...
Syngene secures relief as tax authority drops penalty in AY18 litigation
Mar 14, 2026
Syngene International Ltd. has disclosed that it received an order dated March 13, 2026 from the National Faceless Assessment Centre under Section 270A of the Income-tax Act relating to Assessment Year 2018-19. The communication follows earlier ta...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.