~1st Credit Rating Agency in India
~Formed in 1988
~April 2005, S&P acquires majority stake
~8000+ Ratings
~Leading Research Provider to 140+ Global and Regional FI
~Leading Business Intelligence provider to 25 Corporates & IBs
Let’s deep dive into 2020 AR
1/
Leading
Agile
Innovative
Global Analytics Company
1,00,000+ Customers
2/
Financial Highlights
~Stagnating Sales & Profits in the last 3 years
~Consistent Dividends
~Zero Returns in the last 6 years
~ROE consistently going down but still decent at 29%
3/
Operations Review:
1.Ratings
2.Research a.Global Research & Analytics
b.India Research
c.CRISIL Coalition
“When the whole world is running towards a cliff, he who is running in the opposite direction appears to have lost his mind.” -C. S. Lewis
The Lost Decade for Resource Equities
“The cure for low prices is low prices”
2/
“Capex for public natural resource companies, in spite of the most accommodative broader capital markets in history, have fallen >60% since peaking in 2012 to levels not seen since the early 2000s.”
Some obvious reasons:
~Mkt leader in 3W business
~Larger share of premium products
~Export Market
It’s not as simple as it looks.
Put on your seatbelts as we deep dive into the history of Bajaj Auto
Hit RT for wider reach.
1/
One of Rajiv Bajaj’s (RB) favourite movie scenes is the opening sequence from Troy. the Trojan and Greek armies decide to settle the fight through a duel between Achilles (played by Brad Pitt), the greatest of all Greek warriors, and Boagrius, a Trojan fighter.
2/
As Achilles mounts his horse to take off for battle, the petrified young boy cautions the Greek that Boagrius was the biggest man he’d ever seen and he wouldn’t want to fight him. “That’s why no one will remember your name,” Achilles says in response and rides away.
Syngene & CRAMS are synonymous in the Indian stock market today.
From Early Discovery to Commercial Supply
NMEs cater to
~Pharmaceutical
~Biotechnology,
~Nutrition
~Animal health
~Consumer goods
~Speciality chemical
In this thread, let’s deep dive into their FY20 AR
1/ Syngene works with clients from around the world to find solutions to their research, development, and manufacturing challenges for small and large molecules while improving productivity, speeding up time-to-market, and lowering the cost of innovation.
Syngene At a Glance
2/
Plans
~Capacity Addition
~Capacity Expansion
~Partnering for Success
Vision: “To be a world-class partner delivering innovative scientific solutions”