Syncom Formulations (India) Reports Strong Financial Performance in Q1 2024
Syncom Formulations (India), a smallcap pharmaceutical company, has recently declared its financial results for the quarter ended June 2024. The company has shown a very positive performance in this quarter, with its score improving from 2 to 20 in the last 3 months.
One of the key factors contributing to this positive performance is the company's ability to manage its interest payments. The operating profit to interest ratio for this quarter is the highest at 26.82 times and has been growing each quarter in the last five quarters. This shows that the company's financial health is improving and it is able to handle its interest payments effectively.
Another positive aspect is the company's net sales, which have been consistently growing each quarter in the last five quarters. The net sales for this quarter are the highest at Rs 87.26 crore, indicating a very positive sales trend in the near term.
The profit before tax (PBT) less other income for this quarter is also the highest at Rs 8.76 crore and has been growing each quarter in the last five quarters. This shows that the company's profitability is increasing and it is able to generate higher earnings for its shareholders.
In terms of debt management, Syncom Formulations has been reducing its borrowing as compared to its equity capital. The debt-equity ratio for the last five half yearly periods is the lowest at 0.25 times, indicating a healthy financial position.
However, one area of concern is the company's debtors turnover ratio, which has slowed down in the last five half yearly periods. This means that the company's pace of settling its debtors has decreased. This is something that the company needs to address in order to maintain its positive financial performance.
Overall, Syncom Formulations (India) has shown a very positive financial performance in the quarter ended June 2024. With a 'Buy' call from MarketsMOJO, the company seems to be on the right track and investors can expect good returns in the near future.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
{{text.big_txt}}
{{text .small_txt}}
{{dashverdictresult.dashboard.stock_details.short_name}}
SEND BY EMAIL
Register now to see if the stock’s characteristics match your investment style
Subscribe now to see if the stock's characteristics match your investment style
{{dashverdictresult.dashboard.risk_return_voltality.risk_type}}, {{dashverdictresult.dashboard.risk_return_voltality.return_type}}
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
| {{ value[0] }} | {{ value[1] }} | {{ value[2] }} | {{ value[3] }} |
Create your portfolio and know how much should this stock be in your portfolio
Subscribe now to know how much you should hold in this stock
We have found 2 better stocks that you can consider
{{dashverdictresult.dashboard.return_text}}
Investors Returns (3 years) –
| Period | 6M | 1Y | 2Y | 3Y |
| {{ keyd.val }} | ||||
| {{ keyd.val }} |
Quality: {{dashverdictresult.dashboard.dotsummary.q_txt}}
Valuation: {{dashverdictresult.dashboard.dotsummary.v_txt}}
Quarterly Financial Trend: {{dashverdictresult.dashboard.dotsummary.f_txt}}
Technicals: {{dashverdictresult.dashboard.dotsummary.tech_txt}}
Stock Info:
BSE – {{dashverdictresult.dashboard.stock_details.scripcode}}/ NSE – {{dashverdictresult.dashboard.stock_details.symbol}}
Market Cap – {{dashverdictresult.dashboard.priceinfo.mcap_class}} (Rs. {{dashverdictresult.dashboard.priceinfo.mcap| number :0}} cr)
Sector – {{dashverdictresult.dashboard.stock_details.ind_name}}
52 w H/L (Rs.) – {{dashverdictresult.dashboard.priceinfo.wk_high52}}/{{dashverdictresult.dashboard.priceinfo.wk_low52}}
Average vol (6M) – {{dashverdictresult.dashboard.priceinfo.vol}}
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
