SYNGENTA INDIA LTD – FY 2018 RESULT UPDATE!

Synegnta India Ltd part of Syngenta AG was incorporated in 2000 to manufacturer and supply Agro Chemicals, active ingredients, Formulates pesticides, herbicides, and fungicides. It is also engaged in processing and selling of crop and vegetable seeds in India and abroad. Syngenta India has its manufacturing units located at Goa, Karnataka, Andhra Pradesh and Telengana.

Listing Status: Syngenta India Ltd stands as an “Unlisted” company with 91.46% promoters holding. It got delisted from BSE in 2007. (Click – Delisting Offer)

Financial Highlights:              (All Fig. in Crs.)

Particulars	FY 2018	FY 2017
Total Income	2886.72	2799.53
PAT	282.79	288.33
EPS	85.84	84.18
Equity Paid Up	16.47	16.47
Face Value	5	5
Book Value	849.52	770.96
Dividend (%)	100%	100%

Upcoming Event: Reduction of Public Shareholding

Syngenta India Ltd vide its EGM notice dated 8^th Dec, 2017 proposes to reduce its equity share capital by cancelling / extinguishing public holding of 3.59% i.e 11,81,036 shares subject to shareholders and NCLT approval. Public shareholders of Syngenta India will be paid Rs. 2445/per share for the shares held by them which are to be cancelled. Effective date of share cancellation will be decided after the NCLT in accordance with the provisions of Section 66 and other applicable provisions of the Act and the Reduction Rules, gives permission for the same.

NCLT has already initiated the proceedings for review of company’s petition (Petition No. 771 of 2017) for approval and will be heard and disposed off in normal due course. The next date of hearing is on 17^th Jan, 2019.

Thus based on stable growing fundamentals and upcoming liquidity opportunity in way of Buy Back (i.e Capital Reduction), we recommend “Buy- Syngenta India Ltd” for very short run time frame.

For buying and selling any unquoted / unlisted / delisted or suspended shares in physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com