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    you are here: HomeNewsBusinessMoneycontrol Research

    Syngene: Heavy investment phase makes it a long-term play

    Beyond contract research, another trend to watch for Syngene is the pick-up in contract manufacturing business in biologics and APIs

    Anubhav Sahu
    April 30, 2021 / 11:09 AM IST
    Syngene: Heavy investment phase makes it a long-term play

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    Syngene International Ltd (CMP: Rs 575, Market Cap: Rs 23,018 crore), a leading contract research organisation (CRO), reported another steady set of results in the quarter gone by. While the management guided FY22 top line growth in the mid-teens, net profit growth is expected to be mediocre as the company continues to invest heavily in manpower and R&D facilities. Investors should factor in these investments as necessary ones for the development of skills and research required in the long term. It...

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