Syngene International Limited DCF Valuation
SYNGENE · Healthcare · Current price ₹387.25
Syngene International Limited cash-flow valuation
Our discounted cash flow (2-stage) values Syngene International Limited at ₹180 per share. Intrinsic value from 2-stage discounted cash flows (primary for asset-light / normal businesses); FCFE path. It carries 70% of the weight in our published estimate of ₹196. A discounted cash flow is only as good as the cash-flow path it assumes, so the assumptions behind it are listed in full below.
Try your own assumptions
Prefer to build the discounted cash flow yourself? The DCF calculator below opens pre-filled with Syngene International Limited's reported free cash flow, net debt and share count, so you can set your own growth and discount rate.
How we got this fair value
Every number below is part of the same estimate for Syngene International Limited. Nothing here is a target price or a forecast of where the share price will go.
Workable, with real gaps. Weigh it alongside your own view rather than on its own.
Estimate range ₹177 – ₹237
Why this method for this business
Syngene is an asset-light compounder in the healthcare services sector, where normalized earnings power and a durable moat justify a relative P/E approach. A DCF is less relevant due to the company's high ROE and stable cash flows.
The models behind the number
Each method is weighted by how well its inputs held up for this company.
Intrinsic value from 2-stage discounted cash flows (primary for asset-light / normal businesses); FCFE path
- ev_ebitda is not suitable for a high-ROE, asset-light business where EBITDA is not the primary driver of value
What was missing
- Lack of analyst coverage for forward estimates
- Limited data on long-term moat sustainability
What drives it
27 inputs, grouped by how strong each claim is
- FCF_0 (normalized)
- 544 ₹cr
- Net debt
- 458 ₹cr
- Sector-median P/E
- 42.74×
- Peers used
- 4
- EPS (TTM)
- 5.49 ₹/share
- Own-history median P/E
- 53.7×
fcf_norm (median ≤5y positive)
gross debt (cash n/a)
peer-median
peer-median
computed
reconstructed (one feature, dampened — not a cap)
- Discount rate (r)
- 13.28%
- Beta
- 0.85
COE (building-block)
bottom-up industry
- Stage-1 start growth
- 5.35%
- Fade shape
- linear
- Terminal growth (g)
- 5.35%
- Stage-1 years
- 9 y
pat_cagr_5y
lifecycle Mature
macro terminal × quality premium
lifecycle Mature horizon
- Lifecycle stage
- Mature
- Quality premium
- 1.071×
- Term: quality
- +0.4%
- Term: growth
- -15.0%
- Term: capital_allocation
- -1.1%
- Term: financial_strength
- +9.9%
- Term: history
- +7.7%
- Term: sector_rerating
- +0.0%
- Term: rate_regime
- +1.2%
- Term: risk
- +0.0%
forecast engine (L20)
moat Narrow + capital allocation
quality 56/100 (about average) → neutral (ROCE deteriorating → premium halved)
weak ~2% CAGR (ROCE 15% > hurdle) → discount
capital allocation: steady → neutral
financial strength: effectively debt-free → premium
history: market paid +26% vs sector, dampened ×0.3 (one feature, not the anchor)
sector re-rating: no sector-norm history → not used
rates: risk-free 6.9% below ~7.1% normal → higher multiple
risk: no analyst-dispersion signal available → neutral (lowers confidence, not PE)
- Path
- FCFE
- Terminal-value fraction
- 0.521
- Premium vs sector
- +1.1%
- Fair-multiple confidence
- 64%
- Fair P/E
- 43.22×
computed (D/E vs 0.8)
PV_TV / (PV_1+PV_TV)
fundamentals + macro (not capped at own history)
data completeness + term agreement
sector median × ∏(1+term) — Dynamic Fair Multiple
Who computed this
A language model (qwen3:8b) selects the valuation method and the judgement inputs for Syngene International Limited: which models suit the business, the moat, the growth and margin assumptions. It does not produce the number. The fair value itself is computed in Python by a deterministic engine (version 2026.08.1) from those inputs, so the same inputs always give the same result and every figure above can be traced to a source.
Estimated 14 Sept 2026. Re-run as new financials and news arrive.
How we value stocks
We estimate what a business is worth from its own economics: cash flows, returns on capital, and a multiple justified by its quality, rather than from where the share price has been. A fair value estimate is a view, not a verdict, and it is only as good as the inputs listed above.
Read the full fair-value methodologyMore on Syngene International Limited
DocStoX estimates are computed from reported financials, for informational purposes only, not investment advice. Consult a SEBI-registered advisor before investing.