Hansraj Virendra Capital Profile picture
Jun 27 โ€ข 12 tweets โ€ข 4 min read
#Syngene FY22 Annual Report is out.

Here are some key takeaways from it๐Ÿ‘‡

๐Ÿงต๐Ÿงต๐Ÿงต๐Ÿงต๐Ÿงต
๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฑ๐—ฒ๐—น๐—ถ๐˜ƒ๐—ฒ๐—ฟ๐—ฒ๐—ฑ ๐—ฏ๐˜† ๐—ณ๐—ผ๐˜‚๐—ฟ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฑ๐—ถ๐˜ƒ๐—ถ๐˜€๐—ถ๐—ผ๐—ป๐˜€

1โƒฃ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€
2โƒฃ ๐——๐—ฒ๐˜ƒ๐—ฒ๐—น๐—ผ๐—ฝ๐—บ๐—ฒ๐—ป๐˜ ๐—ฎ๐—ป๐—ฑ ๐— ๐—ฎ๐—ป๐˜‚๐—ณ๐—ฎ๐—ฐ๐˜๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ฆ๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€
Global CRO and CDMO Industry Growth Outlook and their driving factors

1. Growth in pharmaceutical R&D investment

2. Increasing R&D costs and complexity

3. Increasing use of disruptive technologies

4. Growing innovation by small/virtual biotech companies
5. Manufacturing outsourcing by biopharmaceutical companies

6. Pandemic-induced demand for R&D services
๐—™๐—ฌ๐Ÿฎ๐Ÿฎ ๐—ฃ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—™๐˜‚๐˜๐˜‚๐—ฟ๐—ฒ ๐—ข๐˜‚๐˜๐—น๐—ผ๐—ผ๐—ธ
๐—™๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ฃ๐—ฒ๐—ฟ๐—ณ๐—ผ๐—ฟ๐—บ๐—ฎ๐—ป๐—ฐ๐—ฒ

Beyond the numbers, there are numerous successful case studies which uniquely positioned Syngene.
During the year, Discovery Chemistry scientists were listed as authors in four publications and as inventors on eight patent applications, reaffirming their wider contribution to science and delivering unique value for clients.
During the year, Discovery Biology scientists were listed as authors in five publications and four posters were presented in events.
NDA Include Syngene as API Supplier
Company has one subsidiary for its US operations
Management Numeration growth for FY21 and FY22

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More from @HansrajCapital

Jun 26
Did you know?

Which are the countries having highest reserves and production capacity of lithium and cobalt and where India stands today?

Let's understand the whole economics of these key raw materials and how India is progressing to become self reliant in EV Battery Mfg.
Lithium:

From the below image we can comprehend that Chile, Argentina and Australia are owning ultimate reserve of lithium while currently Australia and Chile are the biggest producers of lithium ๐Ÿ‘‡
Ever imagined how lithium is processed for batteries?

- In Australia, it directly comes from ore mining method

- While in Chile and Argentina, it comes from salt deserts, which are called Salars
Read 14 tweets
Apr 20
Do you know??

Despite being the second largest MMF (Man Made Fibre) producer, India has only 2% market share in MMF Exports

Whereas China, Bangladesh & Vietnam have 38%, 9% and 6% share respectively

Let's understand the industry structure, foreign policy, PLI Scheme etc
๐Ÿงต๐Ÿงต๐Ÿงต
First let's understand the basics about different fibres

๐๐š๐ญ๐ฎ๐ซ๐š๐ฅ ๐…๐ข๐›๐ซ๐ž- These fibres are sourced from nature, like plants and animals, these are mainly used in clothing. Example- cotton, wool, silk etc
๐Œ๐Œ๐…- It has two types ๐’๐ฒ๐ง๐ญ๐ก๐ž๐ญ๐ข๐œ and ๐‚๐ž๐ฅ๐ฅ๐ฎ๐ฅ๐จ๐ฌ๐ข๐œ

Synthetic fibres are made of crude oil while cellulosic fibres are made of wood pulp

Examples:
synthetic- polyester, acrylic and polypropylene
Cellulosic- viscose and modal
Read 13 tweets
Apr 14
Recently, IT major giants TCS & Infosys reported their results. There is a fear of High Attrition & Pressure on Margins.

But Do You Know, Is it happening first time or history is rhyming

Let's Deep Dive to understand the historical trend & how it can pan out from here on
๐Ÿงต๐Ÿงต๐Ÿงต
From above historical data of IT companies, It is evident that attrition zoomed between 2010-12 and later got normalized.

Similar trend is visible now and likely to normalize in a year or two, subject to demand environment
So from historical numbers, we got a lens to view
attrition trend and prediction, but is there any co-relation among Revenue Growth, EBITDA Margins and attrition?

We have created data of individual IT companies to know that is there any co-relation or how they survived earlier
Read 11 tweets
Nov 28, 2021
Recent Business environment has been mix for Chemical, Pharma & API companies ๐Ÿงช๐Ÿฅ๐Ÿ’Š. Its time to decode what happened across the industry and how companies are surviving through these headwinds.
An educational thread ๐Ÿ”–๐Ÿงพ on what happened across and summary of their concall โ˜Ž๏ธโ˜Ž๏ธ
Aarti Drugs, Surviving in Headwinds,margins under pressure ๐Ÿ“‰
bit.ly/30V1CVa
Eris Lifesciences, Growth levers to be triggered in Cardio Metabolic Segment๐Ÿซ€
bit.ly/3xkwM4f
AuroPharma, Will injectables help in recovery? ๐Ÿ’‰
bit.ly/3FILIfn
Granules, Will backward Integration help to bring back the growth? ๐Ÿ“ˆ
bit.ly/30OxUAV
IPCA Lab, Facing challenges in API Segment ๐Ÿ“Š
bit.ly/3HZYDvA
SMS Pharma, Working silently in APIs segment ๐Ÿ”‡
bit.ly/3p2XOtk
Read 13 tweets
Nov 27, 2021
#RBIGuideline
- Capital requirement for Universal Bank & Small Finance Banks has raised to 1000 Cr. from 500 Cr. & 300 Cr from 200 Cr respectively
- Initial lock-in of 40% stake of promoters for 5 years (No Change)
- Maximum promoter stake raised to 26% of paid up voting equity share capital from 15%, in the long run of 15 years
- It applies to new as well as on existing banks
- Promoter can bring down holding to even below 26% after lock in of 5 years
- RBI is trying to stop corporates from entering banking
- Promoters can infuse more money so it will help banks in distress position
- It is important for the growth of banks as small shareholding affects individual's interest in business
Read 4 tweets
Nov 26, 2021
#FreightCost
As Ocean freight rates have dropped by $10-15/t since Nov. What are the possibilities in future lets understand

Reasons of drop:
- As Winter Olympics are near so China wants clean environment so reducing fossil fuels consumption
- China instructed large power consuming industries to lower the production and it ramped up its coal production from 11 Mnt to 12Mnt so because of that China's coal stock has returned from its low
- Short term demand disruption of Coal Import from China led to less congestion on ports
- After the Evergrande collapse in China, Its real estate sector impacted negatively and iron ore & related commodities consumption came down
Read 4 tweets

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