Syngene International Ltd (539268) closes at ₹565.00 with a fall of -2.40.00% on
on 06-September-2022 with formation of a Red Candle
on Daily Price Chart.
About the Company : Syngene
(established in 1993) as a Biocon subsidiary is India's first Contract Research
Organization (CRO) which expanded later to be an integrated service provider
offering end-to-end drug discovery, development, and manufacturing services on
a single platform (CRAMS). Total research & manufacturing infrastructure
for the company is spread across 1.9 million square feet across locations.
Sector Update : Positive
Financials : Syngene International Ltd has posted Net Sales /
Revenue of ₹2604.20 Cr & Net Profit
of ₹426.50 Cr in FY2022 and expected to post Net Sales /
Revenue of ₹3120.20 Cr & Net Profit of ₹541.40
Cr in FY2023 & Net Sales / Revenue of ₹3744.10
Cr & Net Profit of ₹665.10 Cr in FY2024.
Valuations : The Company is now Trading
at X 5.3 of its valuations
of FY2022 earnings with ~530% Dpremium ; at X3.63
of its FY2023 earnings with ~363% Premium and at X2.80 of its FY2024
earnings with ~228% premium.
EPS will improve from 10.60 in FY2022 to 14.60 in
FY2024, ROE from 12.90 to 13.70 and RoCE from 11.70 to 15.20
during the same period
Margin of Safety (1Yr Bond Yield: Value>1 ) is
now 0.2 which makes is overpriced .The Equity Value Per Share ( Enterprise Value Method ) is ₹552.00
If We factor its FY2024 earnings/valuations, its Price arrives at ₹1041.60
Disclaimer : We are / may going to take exposure shortly.
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