Syndicate Bank(Merged)
Syndicate Bank(Merged)
DelistedTapetide Score
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Key Insights
Strengths
1- Company's working capital requirements have reduced from 158 days to 88.6 days
Weaknesses
5- Stock is trading at 4.48 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 3.13% over past five years.
- Company has a low return on equity of -10.5% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Quarterly Results
| Particulars | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,974 | 4,125 | 4,242 | 4,276 | 4,221 | 4,381 | 5,257 | 5,399 | 5,459 | 5,610 | 5,545 | 5,407 | 5,403 |
| Expenses | 1,186 | 1,427 | 1,226 | 1,297 | 1,335 | 1,206 | 3,654 | 3,709 | 2,101 | 2,512 | 3,487 | 2,168 | 2,494 |
| Operating Profit | 2,788 | 2,698 | 3,017 | 2,979 | 2,886 | 3,176 | 1,603 | 1,690 | 3,358 | 3,099 | 2,058 | 3,239 | 2,909 |
| OPM % | 70% | 65% | 71% | 70% | 68% | 72% | 30% | 31% | 62% | 55% | 37% | 60% | 54% |
| Other Income | 240 | 300 | 236 | 270 | 269 | 600 | 380 | 490 | 619 | 735 | 536 | 746 | 914 |
| Interest | 2,649 | 2,788 | 2,923 | 2,885 | 2,821 | 3,037 | 3,751 | 3,827 | 3,840 | 3,658 | 3,753 | 3,668 | 3,531 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 379 | 209 | 329 | 364 | 335 | 739 | -1,768 | -1,647 | 137 | 176 | -1,159 | 318 | 291 |
| Tax % | 11% | -48% | -34% | -27% | -52% | -7% | -28% | -6% | 21% | 27% | -15% | 21% | -49% |
| Net Profit | 338 | 310 | 441 | 464 | 509 | 793 | -1,238 | -1,519 | 121 | 116 | -957 | 92 | 480 |
| EPS in Rs | 5.9 | 5.14 | 7.32 | 7.7 | 8.45 | 13.18 | -8.74 | -10.72 | 0.76 | 0.47 | -3.57 | 0.34 | 1.79 |
Profit & Loss
| Particulars | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,906 | 9,525 | 10,047 | 11,451 | 15,268 | 17,121 | 18,621 | 21,615 | 23,198 | 23,004 | 21,776 | 21,725 | 21,965 |
| Expenses | 1,904 | 2,313 | 2,644 | 3,940 | 4,706 | 4,965 | 5,104 | 5,448 | 9,315 | 8,942 | 13,508 | 11,759 | 10,661 |
| Operating Profit | 6,002 | 7,212 | 7,403 | 7,510 | 10,562 | 12,155 | 13,517 | 16,167 | 13,883 | 14,061 | 8,268 | 9,966 | 11,304 |
| OPM % | 76% | 76% | 74% | 66% | 69% | 71% | 73% | 75% | 60% | 61% | 38% | 46% | 51% |
| Other Income | 940 | 915 | 1,167 | 915 | 1,076 | 1,174 | 1,324 | 2,110 | 2,509 | 3,458 | 2,806 | 2,224 | 2,930 |
| Interest | 5,834 | 6,978 | 7,307 | 7,068 | 10,183 | 11,666 | 13,080 | 16,094 | 17,212 | 16,727 | 15,223 | 15,076 | 14,610 |
| Depreciation | 103 | 113 | 88 | 71 | 66 | 101 | 118 | 187 | 199 | 137 | 238 | 217 | 0 |
| PBT | 1,006 | 1,037 | 1,175 | 1,286 | 1,389 | 1,563 | 1,643 | 1,996 | -1,020 | 655 | -4,387 | -3,103 | -375 |
| Tax % | 16% | 12% | 31% | 18% | 5% | -28% | -4% | 24% | 61% | 45% | -27% | -17% | — |
| Net Profit | 848 | 914 | 814 | 1,049 | 1,314 | 2,206 | 1,855 | 1,664 | -1,517 | 517 | -3,112 | -2,524 | -269 |
| EPS in Rs | — | — | — | 18.29 | 21.83 | 36.65 | 29.7 | 25.13 | -21.57 | 5.72 | -21.96 | -10.15 | -0.97 |
| Div. Payout % | 17% | 17% | 19% | 20% | 17% | 18% | 19% | 19% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 522 | 522 | 522 | 573 | 602 | 602 | 625 | 662 | 703 | 905 | 1,417 | 2,488 |
| Reserves | 3,770 | 4,489 | 5,107 | 6,480 | 8,443 | 11,265 | 12,334 | 13,644 | 13,750 | 14,810 | 15,155 | 16,288 |
| Borrowings | 96,476 | 1,21,298 | 1,29,196 | 1,45,121 | 1,68,527 | 1,98,165 | 2,31,561 | 2,81,883 | 2,87,227 | 2,78,023 | 3,02,375 | 2,85,488 |
| Other Liabilities | 6,364 | 3,946 | 4,225 | 4,364 | 4,896 | 6,411 | 8,449 | 8,185 | 7,652 | 6,853 | 6,646 | 8,707 |
| Total Liabilities | 1,07,132 | 1,30,256 | 1,39,051 | 1,56,539 | 1,82,468 | 2,16,443 | 2,52,969 | 3,04,375 | 3,09,333 | 3,00,590 | 3,25,593 | 3,12,971 |
| Fixed Assets | 755 | 720 | 683 | 677 | 1,328 | 1,407 | 1,433 | 1,511 | 2,376 | 2,428 | 2,450 | 2,563 |
| CWIP | 14 | 22 | 19 | 16 | 24 | 27 | 36 | 98 | 31 | 26 | 28 | 9 |
| Investments | 28,076 | 30,537 | 33,011 | 35,067 | 40,815 | 46,968 | 56,647 | 70,579 | 69,988 | 66,982 | 81,970 | 77,763 |
| Other Assets | 78,287 | 98,976 | 1,05,339 | 1,20,778 | 1,40,301 | 1,68,041 | 1,94,853 | 2,32,187 | 2,36,939 | 2,31,154 | 2,41,145 | 2,32,635 |
| Total Assets | 1,07,132 | 1,30,256 | 1,39,051 | 1,56,539 | 1,82,468 | 2,16,443 | 2,52,969 | 3,04,375 | 3,09,333 | 3,00,590 | 3,25,593 | 3,12,971 |
Cash Flow
| Particulars | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 2,372 | 2,521 | -1,712 | -749 | 2,248 | 2,497 | -429 | 8,476 | 3,938 | -4,978 | -7,314 | -7,234 |
| Investing | -113 | -97 | -58 | -73 | -113 | -213 | -182 | -354 | -305 | -183 | -262 | -142 |
| Financing | -101 | 323 | 99 | 53 | -216 | 415 | -965 | 703 | 1,751 | 1,178 | 3,861 | 3,017 |
| Net Cash Flow | 2,158 | 2,747 | -1,671 | -768 | 1,919 | 2,700 | -1,577 | 8,824 | 5,384 | -3,983 | -3,716 | -4,359 |
| Free Cash Flow | 2,259 | 2,425 | -1,770 | -821 | 2,134 | 2,284 | -612 | 8,122 | 3,633 | -5,161 | -7,577 | -7,376 |
| CFO/OP | 43 | 39 | -23 | -10 | 21 | 21 | -3 | 57 | 34 | -30 | -81 | -63 |
Ratios
| Particulars | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Working Capital Days | -115 | 37 | 128 | -26 | 71 | 127 | -4 | 157 | 229 | 183 | 203 | 89 |
| ROCE % | 7% | 7% | 6% | 6% | 7% | 7% | 6% | 7% | 5% | 6% | 4% | 4% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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37 extracted metrics + investor summaries across FY08–FY19.
Documents
Frequently Asked Questions about Syndicate Bank(Merged)
What does Syndicate Bank(Merged) do?
Where is Syndicate Bank(Merged) (SYNDIBANK) listed?
Company Information
Syndicate Bank is an India-based bank, which provides a range of banking services. The Bank's segments include Treasury, Corporate/Wholesale Banking, Banking and Other Banking Operations. The Bank offers deposits, including current and term deposits; loans, including retail loans, agricultural loans and priority sector loan, small and medium enterprises (SME) loan and corporate finance.
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