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SYNTHITE INDUSTRIES PRIVATE LIMITED

www.synthite.com
Active
Updated: 05 Nov 2024

The company is engaged in providing spices. it's offer essential oils, & spices.

Synthite Industries Private Limited, is an unlisted private company incorporated on 23 July, 1970. It is classified as a private limited company and is located in , Kerala. It's authorized share capital is INR 25.00 cr and the total paid-up capital is INR 1.05 cr.

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Industry

Manufacturing of Pharmaceuticals
Products
  • Green Tea, Essential Oils, Oleoresins, Green Spice Extracts, Roasted & Fried Flavors, Dried Fruit Extract
Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales
4.86%
₹ 2,149.9
EBITDA
17.13%
₹ 213.9
Net Profit
-53.38%
₹ 128.4
Networth
6.87%
₹ 2,192.7
Borrowings
56.39%
₹ 545.9
Assets
8.7%
₹ 3,060.0
Gross Margin
-4.75
29.8 %
Operating Margin
1.04
9.9 %
Net Profit Margin
-6.25
5.8 %
Return on Equity
-7.56
5.9 %
ROCE
0.03
7.9 %
Debt to Equity
0.08
0.2
Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (46)
State Type Address
Kerala Registered Office Synthite Corporate House VIII 683-A Kadayirippu NA Kolenchery Ernakulam Kerala - 682311
Delhi Warehouse GROUND FLOOR, B-113, DDA SHED, OKHLA INDUSTRIAL AREA PHASE-1, NEW DELHI, South Delhi, Delhi, 110020
Delhi Sales Office DSC-249, FIRST FLOORDLF SOUTH COURT, SAKET, Saket District CedealsIne, SAKET DISTRICT CENTRE, DLF SOUTH COURT, SAKET, New Delhi, South Delhi, Delhi, 110017
Delhi Warehouse A-50/1 Ground Floor, Okhla Industrial Area Phase-2, Okhla Industrial Area Phase-2, New Delhi, South East Delhi, Delhi, 110020
Karnataka Warehouse, Factory, Sales Office 38/3, 38/1, 38/2, Kavalettu, Kumarapatnam, Haveri, Karnataka, 581123

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Tofler Score

Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW ROCE
Low Risk
  • HIGH INVENTORY
  • GROSS MARGINS DETERIORATING
  • NET MARGIN DETERIORATING
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Akay Natural Ingredients Private Limited Kerala
Plant Lipids Private Limited Kerala
Arjuna Natural Private Limited Kerala
Mane Kancor Ingredients Private Limited Maharashtra

Peers

Financial Highlights

** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales 1,470.3 1,634.0 2,013.4 2,050.2 2,149.9
Operating profit 114.0 274.5 306.2 182.6 213.9
Net profit 83.6 196.9 264.1 275.4 128.4
Gross margin 32.4 36.2 34.9 34.5 29.8
Operating margin 7.8 16.8 15.2 8.9 9.9
Net margin 5.5 11.7 12.6 12.0 5.8
Networth 1,259.4 1,443.1 1,726.5 2,051.7 2,192.7
Borrowings 199.8 356.1 410.3 349.1 545.9
Assets 1,668.5 2,127.5 2,510.4 2,815.2 3,060.0
Debt to equity 0.2 0.2 0.2 0.2 0.2
Current ratio 2.9 2.4 2.4 2.7 2.7
ROE 6.6 13.7 15.3 13.4 5.9
Days payable 51.0 89.0 82.0 62.0 35.0
WC days 162.0 190.0 179.0 201.0 216.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 1.1 1.1 1.1 1.1 1.0
Reserves 1,258.3 1,442.1 1,725.4 2,050.6 2,191.6
Borrowings + 199.8 356.1 410.3 349.1 545.9
Long term borrowings 39.5 36.7 35.0 31.5 21.5
Short term borrowings 160.3 319.4 375.3 317.6 524.4
Trade payables + 139.3 255.4 293.4 227.0 144.5
Days payable 51.0 89.0 82.0 62.0 35.0
Other liabilities + 209.3 328.3 373.6 414.4 321.4
Other non-current liabilities 27.4 40.4 37.4 69.8 87.1
Other current liabilities 42.6 32.5 42.8 117.6 89.8
Total liabilities 1,668.5 2,127.5 2,510.4 2,815.2 3,060.0
Fixed Assets + 299.3 310.1 400.4 470.6 461.3
Tangible assets 273.6 272.9 281.3 426.9 441.4
CWIP 19.6 33.0 111.8 39.1 9.4
Intangible assets 6.1 4.3 7.4 4.6 10.5
LT loans and advances 4.1 4.3 6.3 8.7 5.1
Other non-current assets 368.9 353.6 406.9 544.0 561.9
Current assets + 996.3 1,459.5 1,696.8 1,791.8 2,031.7
Inventories 410.9 574.7 813.5 781.4 1,043.8
Trade receivables 381.9 346.2 476.3 522.8 572.9
Cash and cash equivalents 35.5 60.6 47.3 48.6 37.5
ST loans and advances 0.4 5.2 13.6 14.9 19.0
Other current assets 167.7 472.7 346.1 424.2 358.6
Total assets 1,668.5 2,127.5 2,510.4 2,815.2 3,060.0
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 1,470.3 1,634.0 2,013.4 2,050.2 2,149.9
Sales growth % 10.37 11.13 23.22 1.83 4.86
Expenses + 1,410.9 1,410.2 1,762.1 1,950.8 2,047.5
Cost of goods 994.1 1,042.0 1,311.5 1,342.5 1,509.8
Employee cost 124.3 127.2 145.2 207.5 161.9
Other costs 237.9 190.3 250.4 317.5 264.2
Operating profit + 114.0 274.5 306.2 182.6 213.9
Operating margin % 7.8 16.8 15.2 8.9 9.9
Other income 63.4 48.7 78.1 237.2 69.4
Interest 15.9 9.1 14.1 27.3 35.4
Depreciation 38.7 41.6 40.8 56.0 76.1
Exceptional items - - 20.1 12.7 1.4
Profit before tax 122.8 272.5 349.5 349.2 173.2
Tax 39.2 75.6 85.5 73.8 44.8
Profit - disc. ops - - - - -
Net profit 83.6 196.9 264.1 275.4 128.4
Net margin % 5.5 11.7 12.6 12.0 5.8
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Solvency +
Total Debt/Equity 0.2 0.2 0.2 0.2 0.2
Net Debt/Equity 0.1 0.2 0.2 0.1 0.2
Total Debt/Assets 0.1 0.2 0.2 0.1 0.2
Total Assets/Equity 1.3 1.5 1.4 1.4 1.4
Liquidity +
Current Ratio 2.9 2.4 2.4 2.7 2.7
Quick Ratio 1.7 1.5 1.2 1.5 1.3
Interest Coverage 7.2 30.3 21.8 6.7 6.0
Performance
Gross Margin 32.4 36.2 34.9 34.5 29.8
Operating Margin 7.8 16.8 15.2 8.9 9.9
Net Margin 5.5 11.7 12.6 12.0 5.8
Return +
Return on Equity 6.6 13.7 15.3 13.4 5.9
Pre-tax ROCE 7.9 20.0 19.1 7.9 7.9
Return on Assets 5.0 9.3 10.5 9.8 4.2
Pre-tax ROIC 5.3 13.4 12.7 5.4 5.1
Efficiency +
Days Payable 51.0 89.0 82.0 62.0 35.0
Days Inventory 151.0 201.0 226.0 212.0 252.0
Days Receivable 95.0 77.0 86.0 93.0 97.0
Fixed Asset Turnover 4.9 5.3 5.0 4.4 4.7
Total Asset Turnover 0.9 0.8 0.8 0.7 0.7
Working Capital
Cash Conversion Cycle 195.0 189.0 230.0 243.0 314.0
Working Capital Days 162.0 190.0 179.0 201.0 216.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

CitiBank N.A.

No. of Loans: 1

Total Amount : 226.0 cr

2

Union Bank of India

No. of Loans: 2

Total Amount : 217.0 cr

3

HDFC Bank Limited

No. of Loans: 3

Total Amount : 192.0 cr

4

Standard Chartered Bank

No. of Loans: 1

Total Amount : 150.0 cr

5

The Federal Bank Limited

No. of Loans: 2

Total Amount : 135.0 cr

6

Export-Import Bank of India

No. of Loans: 1

Total Amount : 124.2 cr

7

ICICI Bank Limited

No. of Loans: 1

Total Amount : 100.0 cr

8

DBS Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

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Charges

CitiBank N.A.
Union Bank of India
HDFC Bank Limited
Standard Chartered Bank
Others

People

Designation Name DIN/PAN Tenure
Managing Director Varghese Jacob
Shareholder
00030179 18 years
Whole-time Director Aju Jacob
Shareholder
00030332 18 years
Director Paolo George
Shareholder
05174645 5 years
Director Ashok Mani
Shareholder
06846169 3 years
Director Jacob Ninan
Shareholder
08759331 3 years
CFO Vignesh Chandrasekar <HIDDEN> 3 years

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
SYNTHITE EXPORTS LIMITED
Active
10.0 L 2 Kerala
HERBAL ISOLATES PVT LTD
Active
10.0 L 3 Kerala
OMEGA FLAVOUR TECHNOLOGY LIMITED
Amalgamated
4.1 Cr 1 Kerala
SYNTHITE INFRASTRUCTURE PROJECTS PRIVATE LIMITED
Active
1.0 L 1 Kerala
SIJMAK EXPORTS PRIVATE LIMITED
Active
18.1 Cr 1 Kerala
SYNTHITE PROJECTS (COCHIN) PRIVATE LIMITED
Active
1.0 L 1 Kerala
EZVA FASHION PRIVATE LIMITED
Active
1.0 Cr 1 Kerala
SIJMAK OILS LTD
Amalgamated
25.0 L 1 Kerala
INTERGROW BRANDS PRIVATE LIMITED
Active
72.2 Cr 2 Kerala
CYNTEK HOLDINGS PRIVATE LIMITED
Active
2.0 L 2 Kerala
PFOODS PRIVATE LIMITED
Active
2.1 L 2 Kerala
GUNAM BEAUTY PRIVATE LIMITED
Active
15.0 L 1 Kerala
ALGAVISTA GREENTECH PRIVATE LIMITED
Active
59.4 Cr 1 Tamil Nadu
SYMEGA FLAVOURS (INDIA) PRIVATE LIMITED
Amalgamated
3.7 Cr 1 Kerala
INTERGROW HOLDINGS PRIVATE LIMITED
Active
70.7 Cr 1 Kerala
SYMEGA FOOD INGREDIENTS LIMITED
Active
25.7 Cr 2 Kerala
BOTANIAM XTRACTX LIMITED
Active
70,000.0 2 Kerala

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
Synthite (USA) Inc. United States - -
Synthite (Xinxiang) Bio Tech Co. Ltd. China - -
Synthite Lanka Private Limited Sri Lanka - -
Synthite Brasil Impotacao & Exportacao Ltda Brazil - -
Sijmak Exports Private Limited India - -
Synthite Vietnam LLC Viet Nam - -
Synthite (Beijing) Bio Tech Co. Ltd. China - -
Synthite (Dezhou) Bio Tech Co. Ltd. China - -

Registered Details

CIN

U24299KL1970PTC002294

PAN

AADCS5616E

Incorporation

1970, 54.7 years

Company Email

secretarial@synthite.com

Paid up Capital

₹ 1.0 Cr

Authorised Capital

₹ 25.0 Cr

AGM

Aug 2024

Type

Private
Non-government Company

FAQ - SYNTHITE INDUSTRIES PRIVATE LIMITED

What is the incorporation date of SYNTHITE INDUSTRIES PRIVATE LIMITED?

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The incorporation date of SYNTHITE INDUSTRIES PRIVATE LIMITED is 23 July, 1970

What is the authorized share capital of SYNTHITE INDUSTRIES PRIVATE LIMITED?

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The authorized share capital of SYNTHITE INDUSTRIES PRIVATE LIMITED is INR ₹ 25.0 Cr.

What is the paid-up capital of SYNTHITE INDUSTRIES PRIVATE LIMITED?

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The paid-up capital of SYNTHITE INDUSTRIES PRIVATE LIMITED is INR ₹ 1.0 Cr.

What is the registered address of SYNTHITE INDUSTRIES PRIVATE LIMITED?

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The registered address of SYNTHITE INDUSTRIES PRIVATE LIMITED is Synthite Corporate House VIII 683-A Kadayirippu NA Kolenchery Ernakulam Kerala - 682311

What is the CIN number of SYNTHITE INDUSTRIES PRIVATE LIMITED?

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The CIN number of SYNTHITE INDUSTRIES PRIVATE LIMITED is U24299KL1970PTC002294.

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