Syngene International logo

Syngene International share price

NSE: SYNGENEBSE: 539268Healthcare ServicesSmall Cap

Syngene International Limited · Face value ₹10 · Listed Aug 2015
Last close ₹398.60down ₹12.25 (2.98%)BSE ₹398.30

Share price at the NSE close on 29 Oct 2026. Previous close ₹410.85.

29 Oct: open ₹413.00, high ₹414.70, low ₹396.00

52-week range of traded prices to 29 Oct 2026
₹344.45Low, 9 Oct 2026₹678.95High, 7 Jan 2026
Market cap
₹16,090 Cr359th largest listed
P/E
86.46
P/E without one-offs
56.88
P/B
3.31
Dividend yield
0.31%
ROE
3.9%
ROE without one-offs
5.9%
ROCE
6.1%
Debt to equity
0.01
Volume, NSE
35,12,68730.0% delivered

Syngene International share price chart

Daily closes since Aug 2015, adjusted for splits and bonuses

−39.5%over a year · Nifty MidSmall Healthcare +15.4% · Nifty 500 −8.4%

Results20-session average 25,39,027 shares a day, 49.9% delivered

About Syngene International

Syngene International Limited is a Bengaluru-based contract research, development and manufacturing organisation (CRDMO) that takes drug molecules from early research through development to commercial-scale manufacturing for its clients.12 It serves large, mid-sized and emerging biopharma companies as well as nutrition, animal health, consumer goods and specialty chemical businesses, from campuses in Bengaluru, Hyderabad and Mangaluru.32

It works across small molecules (chemically made drugs), peptides, biologics (drugs made from living cells), antibody-drug conjugates and oligonucleotides (short synthetic strands of DNA or RNA).3 Its Research Services comprise Discovery Services, Dedicated Centers (research sites run for a single client) and Translational & Clinical Research (early-phase clinical trials), while its development and manufacturing business makes small and large molecules for clinical trials and commercial supply.456 Clients hire it through models that include dedicated labs, full-time-equivalent teams and fee-for-service work; Syngene performs research on behalf of its clients on a contract basis and assigns the intellectual property to them.789 Its named platforms include Syn.AI, SARchitect and SynVent.510 At the end of March 2026 it had 8,373 employees, including 5,778 scientists.11

Syngene was incorporated on 18 Nov 1993, began operations as a contract research organisation in 1994 and listed on the stock exchanges in 2015.1213 It bought its Unit 3 biologics plant from Stelis Biopharma and its first US biologics site, in Baltimore, from Emergent Manufacturing Operations Baltimore, LLC.1415 Syngene is an operationally independent listed subsidiary of Biocon Limited, which holds a majority stake; Kiran Mazumdar-Shaw is its Executive Chairperson.1617

Syngene International key points

Results

  • In the quarter to Sep 2026, revenue from operations was ₹833 crore, up 13% from ₹736 crore in the quarter to Jun 2026 and down from ₹911 crore a year earlier.1819
  • Operating EBITDA (earnings before interest, tax, depreciation and amortisation, leaving out other income) was ₹147 crore in the quarter to Sep 2026, a margin of 18%, against 12% in the quarter to Jun 2026 and 22% a year earlier.1820
  • Profit after tax in the quarter to Sep 2026 was ₹32 crore, after a loss of ₹9 crore in the quarter to Jun 2026, against ₹67 crore a year earlier.2122
  • In the year to Mar 2026, consolidated revenue from operations rose 2.6% to ₹37,387 million and EBITDA including other income fell 11.2% to ₹9,892 million; profit after tax was ₹3,167 million, or ₹3,799 million before one-off items, which the company reports separately.2324

Where revenue comes from

  • Consolidated revenue from operations by customer location, ₹ million2526
    Itemyear to Mar 2026
    United States of America23,484
    Europe11,462
    Rest of the World1,460
    India981
    Syngene's clients are concentrated in the US, Europe and Japan.

Plants and capacity

  • In India, Syngene has 5 plants in Bengaluru, 2 in Mangaluru and 2 in Hyderabad; with its US site, its facilities cover over 3 million sq. ft.2728
  • Unit 3, the Bengaluru biologics plant, became operational in the year to Mar 2026 for drug substance (the active ingredient) and drug product (the finished medicine), and secured a manufacturing test licence (permission to make test batches) for sterile injectables.29
  • The Bayview biologics plant in the USA adds single-use bioreactors (disposable vessels in which cells grow to make biologic drugs) of 2 kL and 4 kL (kilolitres).30

Customers and partners

  • Syngene works with about 400 customers, including 16 of the top 20 pharma companies; those it names include BMS, GSK, Zoetis and Merck KGaA.2831
  • 2 customers together accounted for ₹13,926 million of consolidated revenue from operations in the year to Mar 2026, more than 10% of the total, against ₹14,987 million a year earlier.32
  • Syngene's collaboration with Bristol Myers Squibb, which began in 1998, was extended in January 2026 through 2035 and widened across the drug development lifecycle.3334
  • The company said lower Zoetis revenues and forex hedge losses (losses on contracts fixing exchange rates in advance) mainly explained the year-on-year fall in the quarter to Sep 2026; without the hedge loss, operating EBITDA margin would be in the mid-20s.35

Expansion and capital spending

  • In its exchange filing of 27 Oct 2026, the company said it had signed its first Bayview manufacturing agreement, with a large pharmaceutical customer, and expects drug substance manufacturing there to begin in the year to Mar 2028.36
  • The company stated in its annual report for the year to Mar 2026 that Bayview, once fully integrated, is expected to take its global single-use bioreactor capacity to 50,000 litres.30
  • As of its annual report for the year to Mar 2026, Syngene had begun a dedicated bioconjugation facility at Unit 3 for antibody-drug conjugates (antibodies joined to a drug payload) and a dedicated facility to make cytotoxic (cell-killing) drug substances.3037

What the company expects

  • In its exchange filing of 29 Jul 2026, the company said it expects a single-digit fall in revenue in rupee terms for the year to Mar 2027, with a weaker first half and a better second half, and EBITDA margins in the mid-20s.38
  • In its exchange filing of 27 Oct 2026, the company said its manpower-related cost optimisation was complete, that initiatives on non-manpower costs would continue and that the benefits would be realised over the coming quarters.28
  • The company stated in its annual report for the year to Mar 2026 that its emphasis would shift from creating capacity to improving asset utilisation, productivity and returns on invested capital.39

Recent events

  • Chief Financial Officer Deepak Jain decided to leave Syngene for personal reasons; the company said on 27 Oct 2026 that he would stay at least until the quarter to Dec 2026 results close.28
  • Siddharth Mittal, formerly Managing Director and CEO of Biocon Limited, became Syngene's Managing Director and CEO on 1 Jul 2026, succeeding Peter Bains.4041

Litigation and regulatory matters

  • As of its filing of 29 Mar 2026, the High Court of Karnataka had allowed the company's petition against tax refunds of ₹48,90,84,008 being set off against other years' demands or not issued; a refund of ₹43,15,79,510, including interest, was granted but not yet received.42
  • In February 2026, the National Faceless Appeal Centre partly allowed the company's income tax appeals for assessment years (the years in which income is taxed) 2015-16, 2018-19 and 2021-22; the company expects lower contingent liabilities (possible dues not recorded as liabilities) and refunds.43

Last updated

All 43 sources, each with its page
  1. 1. Annual report, 2 Jul 2026, page 7
  2. 2. Annual report, 2 Jul 2026, page 21
  3. 3. Annual report, 2 Jul 2026, page 20
  4. 4. Annual report, 2 Jul 2026, page 188
  5. 5. Annual report, 2 Jul 2026, page 22
  6. 6. Annual report, 2 Jul 2026, page 185
  7. 7. Investor presentation, 27 Oct 2026, page 18
  8. 8. Annual report, 2 Jul 2026, page 143
  9. 9. Investor presentation, 27 Oct 2026, page 15
  10. 10. Investor presentation, 27 Oct 2026, page 12
  11. 11. Annual report, 2 Jul 2026, page 195
  12. 12. Annual report, 2 Jul 2026, page 395
  13. 13. Annual report, 2 Jul 2026, page 30
  14. 14. Annual report, 2 Jul 2026, page 192
  15. 15. Investor presentation, 27 Oct 2026, page 11
  16. 16. Investor presentation, 27 Oct 2026, page 30
  17. 17. Exchange filing, 27 Oct 2026, page 2
  18. 18. Exchange filing, 27 Oct 2026, page 2
  19. 19. Exchange filing, 27 Oct 2026, page 2
  20. 20. Investor presentation, 27 Oct 2026, page 27
  21. 21. Exchange filing, 27 Oct 2026, page 2
  22. 22. Investor presentation, 27 Oct 2026, page 27
  23. 23. Annual report, 2 Jul 2026, page 198
  24. 24. Annual report, 2 Jul 2026, page 17
  25. 25. Annual report, 2 Jul 2026, page 369
  26. 26. Investor presentation, 27 Oct 2026, page 15
  27. 27. Annual report, 2 Jul 2026, page 131
  28. 28. Exchange filing, 27 Oct 2026, page 4
  29. 29. Annual report, 2 Jul 2026, page 69
  30. 30. Annual report, 2 Jul 2026, page 47
  31. 31. Investor presentation, 27 Oct 2026, page 11
  32. 32. Annual report, 2 Jul 2026, page 369
  33. 33. Annual report, 2 Jul 2026, page 42
  34. 34. Annual report, 2 Jul 2026, page 43
  35. 35. Exchange filing, 27 Oct 2026, page 3
  36. 36. Exchange filing, 27 Oct 2026, page 3
  37. 37. Annual report, 2 Jul 2026, page 191
  38. 38. Exchange filing, 29 Jul 2026, page 3
  39. 39. Annual report, 2 Jul 2026, page 18
  40. 40. Annual report, 2 Jul 2026, page 403
  41. 41. Annual report, 2 Jul 2026, page 396
  42. 42. Exchange filing, 29 Mar 2026, page 3
  43. 43. Exchange filing, 18 Feb 2026, page 3

Results

Standalone, as consolidated accounts are on record for only 9 of the last ten years; ₹ crore.Syngene International quarterly results

Revenue growth, 12 months
−6.0%
Net profit growth, 12 months
−60.3%

Quarter to Sep 2026, against the quarter before

Revenue
₹778 Crup 17.33%
Net profit
₹49 CrQuarter to Jun 2026: −₹2.10 Cr
Net margin
6.3%

Revenue by quarter

₹877 CrDec 24₹948 CrMar 25₹799 CrJun 25₹830 CrSep 25₹834 CrDec 25₹960 CrMar 26₹663 CrJun 26₹778 CrSep 26
Peak revenue ₹960 Cr, quarter to Mar 2026; lowest ₹663 Cr, quarter to Jun 2026

Net profit by quarter, a loss in red

  • Net profit
  • Loss
₹123 CrDec 24₹174 CrMar 25₹74 CrJun 25₹66 CrSep 25₹17 CrDec 25₹148 CrMar 26−₹2.10 CrJun 26₹49 CrSep 26
Back to profit in the quarter to Sep 2026, ₹49 CrA loss in 1 of the 8 quarters shown
₹ croreDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Revenue877948799830834960663778
Net profit123174746617148−249
Net margin14.0%18.4%9.3%8.0%2.0%15.4%−0.3%6.3%
Standalone. The last eight quarters. The latest is shaded.

Business segments

In the year to Mar 2026 the company reports one business segment, Contract Research and Manufacturing Services, which carries all its revenue.

Valuation

Today, against the company's own history.Syngene International PE ratio and valuation

Price to earnings

At or below today's level on 66% of 2,479 trading days over the last 10 years.

LowestHighest
Its median52.87Industry median31.98
Price to book

At or below today's level on 2% of 1,985 trading days since Oct 2018.

LowestHighest
Its median7.16Industry median1.89
Dividend yield

At or below today's level on 98% of 2,479 trading days over the last 10 years.

LowestHighest
Its median0.17%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−46.0%−34.9%−17.6%0.3%
3 years−12.9%−13.7%+0.7%0.2%
5 years−6.2%−5.7%−0.8%0.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2026.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Syngene International shareholding pattern

Shareholding by group

  • Promoters52.59%
  • Foreign institutions10.14%
  • Indian institutions29.30%
  • Individuals and others7.56%
  • Employee trusts0.41%
Holder
BIOCON LIMITEDPromoter52.32%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies1.78%
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I1.16%
BIOCON LIMITED EMPLOYEE WELFARE TRUSTPromoter0.26%
KIRAN MAZUMDAR SHAWPromoter0.01%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −1.68 pts, Indian institutions +1.28 pts, mutual funds +1.32 pts.

Mutual fund holdings

120 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 51 of the 64 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.All 120 funds holding Syngene International

Bought for the first time
5
Bought again
1
Added
31
Cut
33
Held unchanged
49
Sold out
7
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Syngene International insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Syngene International competitors and peers

Healthcare Research, Analytics & Technology, 11 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Syngene International in market cap.Healthcare companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Indegene logoIndegeneINDGN14,30034.794.26+35.8%−7.8%13.2%15.2%0.38%
Suven Life Sciences logoSuven Life SciencesSUVEN7,465––+17.3%–−100.5%−63.0%0.00%
Vimta Labs logoVimta LabsVIMTALABS2,32329.175.09+15.2%–19.1%21.4%0.38%
Novelix Pharmaceuticals logoNovelix PharmaceuticalsNOVELIX20355.86–+179.9%–11.3%8.7%0.00%
Bilcare logoBilcareBI187–0.95−0.9%––5.4%0.00%
TAKE logoTAKETAKE16412.765.28–−68.2%49.8%−5.6%0.00%
Jeevan Scientific Technology logoJeevan Scientific TechnologyJSTL163–2.26+66.1%––8.8%0.00%
GlobalSpace Technologies logoGlobalSpace Technologies54065486–1.51+37.2%––7.5%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Syngene International dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.5Mar 170.5Mar 180.5Mar 19Mar 20Mar 211Mar 221.3Mar 231.3Mar 241.3Mar 251.3Mar 26
Highest ₹1.25 a share, in 4 years, the latest the year to Mar 2026.
Ex-dateTypePer share
25 Jun 2026Final₹1.25
27 Jun 2025Final₹1.25
28 Jun 2024Final₹1.25
30 Jun 2023Final₹0.50
30 Jun 2023Special₹0.75
30 Jun 2022Final₹0.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Syngene International announcements

Syngene International share price by year

Each calendar year to 2025.Syngene International share price history

YearClose at year endChangeHighest closeLowest close
2025651.00−24.2%879.25609.45
2024858.45+22.4%947.80652.00
2023701.45+19.8%843.55550.95
2022585.55−5.5%663.60526.65
2021619.90−3.1%670.00500.70
2020639.60+99.8%639.60222.70
2019320.15+14.3%352.05270.15
2018280.10+3.5%339.60262.60
2017270.68−3.6%303.98218.90
2016280.93+34.9%317.13175.18
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026386.00418.85374.25410.85402.473,29,65,47913.9%
27 Oct 2026362.00372.95358.75366.20363.508,87,12554.6%
26 Oct 2026365.85371.20358.25359.85360.4510,40,08063.9%
23 Oct 2026370.00373.25361.60366.85366.264,44,23153.8%
22 Oct 2026372.75378.60366.70372.50372.704,48,59054.0%
21 Oct 2026394.15405.40374.10376.45383.795,69,20754.0%
19 Oct 2026382.50402.00382.50397.50393.9517,09,87945.5%
16 Oct 2026385.00390.00382.50386.10385.963,58,38449.2%
15 Oct 2026390.55397.90382.40384.20388.808,47,21551.1%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus share history

Ex-dateEventPrice factorWhat happened
11 Jun 2019Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
KIRAN MAZUMDAR SHAW
At the end of the quarter to Sep 2026
Managing director and CEO
SIDDARTH MITTAL
At the end of the quarter to Sep 2026
NSE symbol
SYNGENE
BSE code
539268
ISIN
INE398R01022
Industry
Healthcare Services
CIN
L85110KA1993PLC014937
Corporate identity number, the registrar of companies' code for it
Incorporated
1993
Registered office
Biocon Park SEZ, Jigani Link Road, Bommasandra IV Phase, Bengaluru 560099, Karnataka
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments