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Report as on 28 July 2022 at 12:07 AM

POOR GROWTH IN
LONG TERM NET SALES
Negative Syngene Intl.
Results in Jun 22

Strong sell
Mildly Bearish
Technical Trend
CMP: 575.25
Very Expensive STOCK INFO:
Valuation BSE – 539268/ NSE – SYNGENE
Market Cap - Large Cap (Rs. 22,886 cr)
Sector – Pharma
Market 52 w H/L (Rs.) – 686.3/510.1
Dividend Yield: 0.17%

Underperformance Debt Equity: -0.08%


Return on Equity: 12.76%
Last 1 Year Price to Book: 6.96

www.marketsmojo.com
Syngene Intl.
CMP: 575.25 27 Strong Sell
Report as on 28 July 2022 at 12:07 AM
Strong Sell Sell Hold Buy Strong Buy

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WHY IT’S A STRONG SELL? IS THIS STOCK FOR YOU?


Medium Risk, Low Return (1 Year)
Poor long term growth as Net Sales has grown by
an annual rate of 12.98% and Operating profit at Absolute Risk Volatility
8.91% over the last 5 years Adjusted
The company has declared negative results in Syngene Intl. -6.23% -0.20 31.10%
Jun'2022 after 1 consecutive positive quarters SENSEX 6.16% 0.36 17.27%
-PAT(Q) At Rs 73.90 cr has Fallen at -29.7 %
-OPERATING CF(Y) Lowest at Rs 582.20 Cr How much should you sell? - All quantity irrespective of
whether you are making profits or losses
-PBT LESS OI(Q) Lowest at Rs 77.30 cr.
When to re-enter? - We will constantly monitor the
Stock is technically in a Mildly Bearish range company and review our call based on new data
-The technical trend has deteriorated from Sideways
on 20-Jul-22 and has generated -4.86% returns since RETURNS SUMMARY (Price + Dividend)
then The stock gave a total returns of -6.15% in the last 1 year
-A key technical factor - KST has been Bearish since Underperforming Sensex returns of 6.16%
20 Jul 2022 200%

With ROE of 12.8, it has a Very Expensive


100%
valuation with a 7 Price to Book Value
-The stock is trading at a discount compared to its 0%
average historical valuations
-Over the past year, while the stock has generated a -100%
return of -6.23%, its profits have risen by 5.7% ; the
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Underperformed the market in the last 1 year Syngene International Ltd SENSEX
-Even though the market (BSE 500) has generated
returns of 4.88% in the last 1 year, the stock has
Investors Returns (3 years) –
hugely underperformed and has generate negative
returns of -6.23% returns Period 6M 1Y 2Y 3Y
Stock (%) 3.78% -6.15% 26.28% 84.71%
Sector (%) -3.70% -3.70% 25.90% 65.21%
WHAT ARE OTHER FACTORS? Sensex (%) -2.55% 6.16% 47.14% 47.34%
Company has a low Debt to Equity ratio (avg) at 0
times

DO YOU HAVE OTHER BETTER CHOICES?


Within same sector Within same market cap
There are no stocks in Pharma industry which we would Coal India Ltd.
recommend at this point
Get Verdict Report

MOJO PROFESSIONAL 1
Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

BEFORE PROCEEDING AHEAD


This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com

This Real-Time Stock Analysis Report was


generated on 28th July, 2022 at 12:07 AM, and
may not be valid if you are reading it later.

Some factors/data, as well as the buy/sell/hold call


might have changed.

To access the LATEST version of this report.

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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

GROWTH

POOR LONG TERM GROWTH AS NET SALES


HAS GROWN BY AN ANNUAL RATE OF
12.98% AND OPERATING PROFIT AT 8.91%
OVER THE LAST 5 YEARS

Poor Growth in Net Sales 3000Cr


2,654
of 13.0% CAGR
13.0% Company has experienced an increase
2,011
2,357

CAGR in its Net Sales in each of the past 5


2000Cr 1,840
1,538
consecutive years 1,200
Company’s Net Sales growth has 1000Cr
increased in each of the past 5
consecutive years
Net Sales has seen a high growth of 0Cr
12.6% over previous period Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022

Poor Growth in Operating 600Cr

Profit of 8.9% CAGR


8.9%
482
429
Company has experienced an increase
CAGR in its Operating Profit in each of the
400Cr 372 381

past 5 consecutive years 270 272

Company’s Operating Profit growth 200Cr


has increased in each of the past 5
consecutive years
Operating Profit has seen a high 0Cr
growth of 12.35% over previous Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022

period

Net Profit of 7.3% CAGR 600Cr

7.3% Company has experienced an increase


in its Net Profit in each of the past 5 394
417

CAGR consecutive years


400Cr
336 343
309
287
Company’s Net Profit growth has
increased in each of the past 5 200Cr
consecutive years

0Cr
Jun 2017 Jun 2018 Jun 2019 Jun 2020 Jun 2021 Jun 2022

MOJO PROFESSIONAL 3
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

FINANCIAL TREND

THE COMPANY HAS DECLARED NEGATIVE


RESULTS IN JUN'2022 AFTER 1
CONSECUTIVE POSITIVE QUARTERS

Near term PBT trend is negative 164.4

Rs 77.3 cr PBT less Other Income (Rs Cr)


Lowest at Rs 77.30 cr. 115.5
100
PBT - Quarterly in the last five quarters 82.4 77.3

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022

Near term PAT trend is very


negative
-29.7% 147.8

PAT (Rs Cr) 104


PAT Growth At Rs 73.90 cr has Fallen at -29.7 %
91.61
77.3 73.9
over average PAT of the previous four quarters of Rs
105.18 Cr

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022

The company's cash revenues 677.4 698

Rs 582.2 from business operations are 582.2

falling
cr Operating Cash Flows (Rs Cr)
Operating Cash Lowest at Rs 582.20 Cr
Flow- Annually in the last three years

Mar 2020 Mar 2021 Mar 2022

MOJO PROFESSIONAL 4
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

FINANCIAL TREND

Increased income from non


Rs 15.5 cr business activities may not be 15.5
14.7

sustainable 12.3 12.9 12.9

Non Operating
Non Operating Income
Income -
Highest at Rs 15.50 cr
Quarterly
in the last five quarters

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022

Jun'22 Mar'22 Change%


Net Sales 644.5 758.1 -15.0%
Key Operating Profit (PBDIT) excl Other Income 172.8 250.3 -31.0%
Result Interest 9.4 5.6 67.9%
Highlights Exceptional Items 0.0 0.0
Consolidated Net Profit 73.9 147.8 -50.0%
Operating Profit Margin (Excl OI) 26.8 33.0 -6.2%
Consolidate- figures in Rs
Cr

MOJO PROFESSIONAL 5
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

TECHNICALS

STOCK IS TECHNICALLY IN A MILDLY


BEARISH RANGE
Mildly Bearish Daily Moving Averages indicating near term price weakness
Current Price 50 Day Moving Average 200 Day Moving Average

575.25 559.84 581.28

Factors with downward momentum


Indicator Technical Trend
MACD Mildly Bearish (monthly)
Bollinger Band Mildly Bearish (weekly)
Bollinger Band Mildly Bearish (monthly)
KST Bearish (weekly)
KST Mildly Bearish (monthly)
Dow Theory Mildly Bearish (monthly)

Underperformed the market in the last 1 year


3 Months 1 Year 3 Years
84.55%
4.88%
56.10%
-3.36%

-6.83%
-6.23%

Stock BSE 500 Stock BSE 500 Stock BSE 500

MOJO PROFESSIONAL 6
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perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

VALUATION

WITH ROE OF 12.8, IT HAS A VERY


EXPENSIVE VALUATION WITH A 7 PRICE TO
BOOK VALUE
Expensive

Very Expensive Lupin

Syngene Intl.

valuation
Glaxosmi.
Laurus
Ipca Labs.
Pharma
Labs

Valuation

as compared to its Fundamentals


Attractive
Weak Fundamental Strong

Price to Book Value vs ROE

Attractive 24 12
Fundamental

Valuation
as compared to its 12 7.2

past valuations 0 2.4


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Company Valuation Price to Book PE Ratio PEG Ratio Dividend


Ratio Yield
Key
Valuation Syngene Intl. Very Expensive 7 55.3 10.5 0.2%

Multiples Lupin Risky 2.4 -19 0 1.6%


vs Peers Laurus Labs Expensive 8.2 33.3 0 0.4%
Ipca Labs. Expensive 4.6 28.3 0 0.4%
Glaxosmi. Pharma Expensive 9.2 14.7 0.1 6.2%

MOJO PROFESSIONAL 7
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

RETURNS

UNDERPERFORMED THE MARKET IN THE


LAST 1 YEAR
Even though the market 200%
(BSE 500) has generated
returns of 4.88% in the last 100%

1 year, the stock has


-6.23% hugely underperformed 0%

DOWN and has generate -100%


negative returns of -6.23%

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Syngene International Ltd BSE500

Inconsistent Performance against Large Cap


companies
Syngene International Ltd has not been a
consistent performer in the YTD

3rd
Quartile
4th
Quartile
1st
Quartile
Stock has been in the 4th quartile in 2021
and in 3rd in YTD period

YTD 2021 2020


-7.20% -3.08% 99.78%

Company 1 Month 3 Month 1 Year 3 Years


Syngene Intl. 1.23% -6.83% -6.23% 84.55%
Return
Sun Pharma.Inds. 6.98% -1.34% 29.89% 103.2%
Comparison
with Peers Divi's Lab. 3.08% -16.42% -20.97% 127.18%
Closest peers by Cipla 4.47% -0.38% 6.68% 83.06%
market cap
Dr Reddy's Labs -0.8% 5.13% -11.51% 58.45%

MOJO PROFESSIONAL 8
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

FACTORS
WORKING
FOR THE COMPANY

MOJO PROFESSIONAL 9
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a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

MANAGEMENT RISK

AVERAGE LONG TERM FUNDAMENTAL


STRENGTH WITH AN AVERAGE RETURN ON
EQUITY (ROE) OF 14.85%

ROE
The company has been able to generate a Return on Equity
14.85% ROE
(avg) of 14.85% signifying average profitability per unit of
shareholders funds

Dividend Payout Ratio


An average Dividend Pay-out ratio of 10.13% may signify the
10.13%
Dividend Payout Ratio
company is not able to payback profits to shareholders at this
point

Tax Ratio
High Tax Ratio signifies that the profits generated by the
18.67% Tax Ratio
company are real and it is making adequate contributions
towards by paying due taxes

Institutional Holding
High Institutional Holdings at 18.33%- These investors have
18.33%
Institutional Holding
better capability and resources to analyse fundamentals of
companies than most retail investors

MOJO PROFESSIONAL 10
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

CAPITAL STRUCTURE

COMPANY HAS A LOW DEBT TO EQUITY


RATIO (AVG) AT 0 TIMES
Total Debt Debt to Equity Ratio
Low Debt to Equity Ratio Jun 2022 1,021.60 -0.14
Company’s average Debt to Equity ratio over the past few years Jun 2021 883.50 -0.16
is low at -0.14 times
Jun 2020 777.10 -0.06
No clear trend in Debt to Equity Ratio numbers Jun 2019 657.80 -0.02
Jun 2018 1,119.50 -0.02

Total Debt EBIT to Interest


Healthy EBIT to Interest Jun 2022 1,021.60 14.23
Company has healthy average EBIT to Interest ratio of 14.23 Jun 2021 883.50 12.69
times
Jun 2020 777.10 11.42
EBIT to Interest has seen a high growth of 16.67% over Jun 2019 657.80 17.39
previous period
Jun 2018 1,119.50 18.66

MOJO PROFESSIONAL 11
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

RESULT
ANALYSIS 

MOJO PROFESSIONAL 12
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

QUARTERLY VARIANCE

QUARTER RESULTS VARIANCE ANALYSIS


Jun'22 Mar'22 QoQ Jun'21 YoY Comments
Total Operating income 645 758 -15% 595 8.4%
Total Expenditure (Excl Depreciation) 472 508 -7.1% 430 9.8%
Operating Profit (PBDIT) excl Other Income 173 250 -31% 165 4.7%
Other Income 16 15 5.4% 12 26% High Growth in previous quarter
and same quarter last year
Operating Profit (PBDIT) 188 265 -28.9% 177 6.2%
Interest 9 6 67.9% 8 19% High Growth in previous quarter
and same quarter last year
Exceptional Items 0 0 0% 0 0%
Depreciation 86 80 7.2% 75 15.3% High Growth in previous quarter
and same quarter last year
Profit Before Tax 93 179 -48.2% 95 -2% QoQ and YoY decrease
Tax 19 31 -39.6% 17 8.6%
Provisions and contingencies 0 0 0% 0 0%
Net Profit 74 148 -50% 77 -4.4% QoQ and YoY decrease
Share in Profit of Associates 0 0 0% 0 0%
Minority Interest 0 0 0% 0 0%
Other related items 0 0 0% 0 0%
Consolidated Net Profit 74 148 -50% 77 -4.4% QoQ and YoY decrease

Consolidate results triggered in Rs Cr

Margins
Jun'22 Mar'22 Dec'21 Sep'21 Jun'21 Avg. (4 Comments
Qtrs)
OPM 26.8% 33.0% 31.7% 29.1% 27.8% 30.4% Lower than average (4 Qtrs)
GPM 27.8% 34.2% 32.3% 26.0% 28.5% 30.2% Lower than average (4 Qtrs)
NPM 11.5% 19.5% 16.2% 10.9% 13.0% 14.9% Lower than average (4 Qtrs)

MOJO PROFESSIONAL 13
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

ANNUAL RESULT

NET SALES - YOY GROWTH IN YEAR ENDED


MAR 2022 IS 19.22% VS 8.57% IN MAR 2021
Consolidated Net Profit: YoY Growth in year ended Mar 2022 is -2.25% vs -1.75% in Mar
2021
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2022 is
18.50% vs 8.72% in Mar 2021
Interest: YoY Growth in year ended Mar 2022 is -13.00% vs -19.94% in Mar 2021 19.22%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2022 has fallen from Mar NET SALES
2021

Mar'22 Mar'21 Change(%)


Net Sales 2,604.20 2,184.30 19.22%
Key Operating Profit (PBDIT) excl Other Income 796.10 671.80 18.50%
Annual Interest 24.10 27.70 -13.00%
Results Exceptional Items -30.70 35.00 -187.71%
Consolidated Net Profit 395.80 404.90 -2.25%
Operating Profit Margin (Excl OI) 30.57 30.76 -0.19%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Mar 2022 is 19.22% vs Consolidated Net Profit-YoY Growth in year ended Mar 2022
8.57% in Mar 2021 is -2.25% vs -1.75% in Mar 2021
4000 500
412.10 404.90 395.80
2,604.20 331.60
305.40
2,011.90 2,184.30
1,825.60
2000 1,423.10 250

0 0
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2022 is 18.50% vs 8.72% in Mar 2021 Mar 2022 has fallen from Mar 2021
1000 50
796.10
671.80
617.90 29.40 30.71 30.76 30.57
536.80 27.47
500 390.90 25

0 0
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022

Figures in Rs Crore

MOJO PROFESSIONAL 14
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW


ANALYSIS

2.83% Borrowings
Mar'22
1,321.10
Mar'21
1,284.70
Change%
2.83%

Increase
Other Long Term Liabilities 471.40 364.40 29.36%
Fixed Assets 2,481.90 2,288.50 8.45%
Investments 308.80 316.30 -2.37%
in Borrowings in quarter Current Assets 2,205.90 1,806.70 22.10%
ended Mar 2022 vs in
Figures in Rs Cr
Mar 2021

Other Long Term Liabilities: YoY Growth in year ended Mar 2022 is 29.36% vs -10.47% in Mar 2021
Fixed Assets: YoY Growth in year ended Mar 2022 is 8.45% vs 7.37% in Mar 2021
Investments: YoY Growth in year ended Mar 2022 is -2.37% vs 327.43% in Mar 2021
Current Assets: YoY Growth in year ended Mar 2022 is 22.10% vs 12.04% in Mar 2021

Cash From Operation - YoY Growth in year ended Mar


-17.20% 2022 is -17.20% vs 3.56% in Mar 2021
Mar'22 Mar'21 Change%
GROWTH Cash Flow from Operating Activities 580.60 701.20 -17.20%
Figures in Rs Cr

750 701.20
677.10
630.40
580.60

500 446.20

250

0
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022

MOJO PROFESSIONAL 15
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perform, modify, create derivative works, transmit, or in any way exploit any such content. Unauthorized usage is an infringement of our intellectual property rights and
a violation of law and it may also result in cancellation of your subscription package without any refund and may lead to legal action.

Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

SHAREHOLDING

MAJORITY SHAREHOLDERS : PROMOTERS

Majority shareholders: Promoters


Mutual Funds
Pledged Promoter Holdings: None 2.79%

Mutual Funds: Held in 17.00 Schemes (2.79%) FIIs


14.12%
FIIs: Held by 176 FIIs (14.12%)
Other
Promoter with highest holding: Biocon Limited (69.99%) 0.83%

Promoters Non Institution


Highest Public shareholder: Uti-unit Linked Insurance Plan 70.29% 10.56%
(1.22%) Other DIIs
1.42%
Individual Investors Holdings: 9.03%

Promoter holding-Promoter holding has decreased by -0.12% FII Holdings-FII holding has increased by 0.45%
100% 20%
70.43% 70.42% 70.41% 70.41% 70.29% 14.40% 14.07% 13.82% 13.67% 14.12%

50% 10%

0.00% 0.00% 0.00% 0.00% 0.00%


0% 0%
Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022

MF Holdings-MF holding has decreased by -0.47% Other DII Holdings-Other DII holding has increased by 0.25%
5% 2%
3.77% 4.03%
3.64% 1.42%
3.26%
2.79% 1.17%
1.00%
2.5% 1% 0.79% 0.80%

0% 0%
Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022

Figures in Rs Crore

MOJO PROFESSIONAL 16
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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

PEER COMPARISION

PEER COMPARISON
Syngene Intl. Ipca Labs. Glaxosmi. Pfizer Ajanta Pharma
Pharma
Size
Market Cap (Cr.) 23,062 25,028 24,586 18,965 16,303
Annual Sales (TTM) (Cr.) 2,654 5,830 3,305 2,611 3,341
Annual Net Profit (TTM) (Cr.) 417 883 1,678 613 713
Growth Factors (TTM)
Net Sales Growth 1 year 12.6% 7.6% -1.1% 16.6% 15.6%
Operating Profit Growth 1 year 12.5% -19.4% 8.5% 19.6% -8.9%
Net Profit Growth 1 year 5.7% -22.5% 293.6% 23.1% 9%
Net Sales Growth 5 year 13% 15.6% 1.3% 5.8% 10.8%
Operating Profit Growth 5 year 8.9% 28.3% 7.5% 20.3% 5.6%
Net Profit Growth 5 year 7.3% 25.7% 56% 19.3% 7.1%
Capital Structure Factors
EBIT to Interest 18.9 140 357.2 68.7 78.8
Debt to EBITDA 1.3 0.6 0 0.1 0
Net Debt to Equity -0.1 -0.1 -1.1 -0.6 -0.1

Sales to Capital Employed 0.9 1.2 9 2.3 1.1


Management Quality Factors
ROCE (latest) 16% 21.8% -427.6% 61.8% 27.2%
ROE(latest) 12.8% 16.1% 63.1% 23.7% 21.8%
Tax Ratio 18.7% 19.8% 50.5% 20.7% 21.6%
Operating CF to Net Profit 138% 96.9% 48.3% 85.9% 78.9%
Dividend Payout Ratio 10.1% 11.5% 141.9% 32.2% 12.6%
Valuation Factors
PE Ratio 55.3 28.3 14.7 31 22.9
Price to Book 7 4.6 9.2 7.3 5
PEG Ratio 10.5 - 0 1.3 2
Dividend Yield 0.2% 0.4% 6.2% 0.8% 0.5%
EV to EBITDA 28.4 18.7 27.9 20.9 17.2
EV to Capital Employed 7.5 5 -130.2 15.7 5.4
Shareholding
Promoter Holdings 70.3% 46.3% 75% 63.9% 70.5%
Promoter Pledged Holdings - - - - -
Total Institutional Holding 18.3% 44.3% 12.8% 17.4% 21.2%
FII Holdings 14.1% 10.6% 2.2% 2.6% 8.3%
Returns
1 Month 1.1% 8.2% -2.9% 0.8% 1%
3 Months -7.2% -1.8% -8.5% -2.2% 12.8%
YTD -7.3% -8.8% -17.3% -18.1% -13.5%
1 Year -6.2% -11.6% -12.9% -31.1% -14%
3 Years 84.6% 108.5% 20.4% 30.5% 114.8%

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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company


Syngene International Limited is an internationally reputed custom research and
INDUSTRY : Pharma manufacturing organisation, which supports R&D programs from lead generation
to clinical supplies. The company was promoted by Biocon and Kiran Mazumdar
Shaw, a promoter of Biocon Limited. The company was formed with objectives of
22,886 cr (Large Cap) providing contract research service to overseas customer in the field of synthetic
chemistry, molecular biology and custom synthesis.

Part of NIFTY FREE


MIDCAP 100

Board of Directors
Kiran Mazumdar Shaw Chairperson

John Mccallum Marshall Non Executive Director


Shaw
Non Executive Director
Catherine Patricia
Independent Director
Rosenberg
Independent Director
Paul Frederick
Blackburn

Vijay Kuchroo

5 more board of directors

Company Coordinates

Company Details: Registrat Details:


Biocon Sez, Biocon Park, No 2 & 3, Bommasandra, Industrail Karvy Computershare Pvt Ltd., Karvy Selenium, Tower-B Plot
Area, Iv Pahse, Jigani Link Rd Bengaluru Karnataka : 560099 No 31 & 32, Survey No 116/22, 115/24, 115/25, Financial
Tel: 080-28082037 District, Nanakramguda, Serilingampally, Mandal Ranga
Fax: 080 - 28523423 Reddy Dist, Hyderabad
Email: investor@syngeneintl.com
Website: www.syngeneintl.com

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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

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Syngene Intl. STRONG SELL | Report as on 28 July 2022 at 12:07 AM

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