New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹6.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹6.0m free cash flow). Shares are highly illiquid. Earnings have declined by 45% per year over the past 5 years. Revenue is less than US$1m (₹1.3m revenue, or US$15k). Market cap is less than US$10m (₹54.4m market cap, or US$613.7k). Minor Risk Negative equity (-₹130m). Annonce • Nov 08
Advance Syntex Limited to Report Q2, 2026 Results on Nov 14, 2025 Advance Syntex Limited announced that they will report Q2, 2026 results on Nov 14, 2025 Board Change • Sep 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Sep 01
Advance Syntex Limited, Annual General Meeting, Sep 30, 2025 Advance Syntex Limited, Annual General Meeting, Sep 30, 2025, at 14:00 Indian Standard Time. Annonce • Aug 06
Advance Syntex Limited to Report Q1, 2026 Results on Aug 14, 2025 Advance Syntex Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Board Change • Jul 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jun 04
New major risk - Negative shareholders equity The company has negative equity. Total equity: -₹124m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-₹124m). Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹58.0m market cap, or US$676.0k). Annonce • May 21
Advance Syntex Limited to Report Q4, 2025 Results on May 30, 2025 Advance Syntex Limited announced that they will report Q4, 2025 results on May 30, 2025 Board Change • May 19
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 15
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 16
Third quarter 2025 earnings released: ₹2.70 loss per share (vs ₹0.39 loss in 3Q 2024) Third quarter 2025 results: ₹2.70 loss per share. Net loss: ₹3.00m (loss narrowed 32% from 3Q 2024). Annonce • Feb 09
Advance Syntex Limited to Report Q3, 2025 Results on Feb 14, 2025 Advance Syntex Limited announced that they will report Q3, 2025 results on Feb 14, 2025 Annonce • Nov 29
Advance Syntex Limited Announces Resignation of Abmica Pal Sharma, Company Secretary and Compliance Officer Advance Syntex Limited announced that the meeting of Board of Directors of the Company is scheduled to be held on 05th December, 2024 to consider and approve the resignation of Ms. Abmica Pal Sharma, Company Secretary and Compliance Officer of the company. Reported Earnings • Nov 17
First half 2025 earnings released: ₹0.53 loss per share (vs ₹0.41 loss in 1H 2024) First half 2025 results: ₹0.53 loss per share (further deteriorated from ₹0.41 loss in 1H 2024). Net loss: ₹5.91m (loss widened 31% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Annonce • Nov 07
Advance Syntex Limited to Report Q2, 2025 Results on Nov 14, 2024 Advance Syntex Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Annonce • Sep 02
Advance Syntex Limited, Annual General Meeting, Sep 30, 2024 Advance Syntex Limited, Annual General Meeting, Sep 30, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2025 earnings released: ₹0.47 loss per share (vs ₹0.11 loss in 1Q 2024) First quarter 2025 results: ₹0.47 loss per share (further deteriorated from ₹0.11 loss in 1Q 2024). Net loss: ₹5.23m (loss widened 315% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annonce • Jul 23
Advance Syntex Limited to Report Q1, 2025 Results on Jul 31, 2024 Advance Syntex Limited announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 05
Full year 2024 earnings released: ₹5.61 loss per share (vs ₹1.55 loss in FY 2023) Full year 2024 results: ₹5.61 loss per share (further deteriorated from ₹1.55 loss in FY 2023). Net loss: ₹62.3m (loss widened 263% from FY 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annonce • May 25
Advance Syntex Limited to Report Q4, 2024 Results on May 30, 2024 Advance Syntex Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 41% per year over the past 5 years. Revenue is less than US$1m (₹25m revenue, or US$300k). Market cap is less than US$10m (₹74.9m market cap, or US$897.7k). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Buy Or Sell Opportunity • Apr 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.4% to ₹7.56. The fair value is estimated to be ₹9.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 49% over the last 3 years. Earnings per share has grown by 38%. Reported Earnings • Feb 18
Third quarter 2024 earnings released: ₹0.39 loss per share (vs ₹0.29 loss in 3Q 2023) Third quarter 2024 results: ₹0.39 loss per share (further deteriorated from ₹0.29 loss in 3Q 2023). Net loss: ₹4.43m (loss widened 35% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 18
Now 22% undervalued Over the last 90 days, the stock has risen 11% to ₹7.62. The fair value is estimated to be ₹9.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 50% over the last 3 years. Earnings per share has grown by 40%. Annonce • Feb 07
Advance Syntex Limited to Report Q3, 2024 Results on Feb 14, 2024 Advance Syntex Limited announced that they will report Q3, 2024 results on Feb 14, 2024 Annonce • Nov 04
Advance Syntex Limited to Report First Half, 2024 Results on Nov 11, 2023 Advance Syntex Limited announced that they will report first half, 2024 results on Nov 11, 2023 Annonce • Aug 29
Advance Syntex Limited, Annual General Meeting, Sep 30, 2023 Advance Syntex Limited, Annual General Meeting, Sep 30, 2023, at 14:00 Indian Standard Time. Reported Earnings • Aug 17
First quarter 2024 earnings released: ₹0.11 loss per share (vs ₹0.48 loss in 1Q 2023) First quarter 2024 results: ₹0.11 loss per share (improved from ₹0.48 loss in 1Q 2023). Revenue: ₹2.88m (down 93% from 1Q 2023). Net loss: ₹1.26m (loss narrowed 76% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annonce • Aug 05
Advance Syntex Limited to Report Q1, 2024 Results on Aug 14, 2023 Advance Syntex Limited announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Jun 03
Full year 2023 earnings released: ₹1.55 loss per share (vs ₹3.75 loss in FY 2022) Full year 2023 results: ₹1.55 loss per share (improved from ₹3.75 loss in FY 2022). Revenue: ₹191.7m (down 34% from FY 2022). Net loss: ₹17.2m (loss narrowed 59% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 16% per year. Annonce • May 23
Advance Syntex Limited to Report Q4, 2023 Results on May 30, 2023 Advance Syntex Limited announced that they will report Q4, 2023 results on May 30, 2023 Annonce • Feb 07
Advance Syntex Limited to Report Q3, 2023 Results on Feb 14, 2023 Advance Syntex Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: ₹0.48 loss per share (vs ₹1.86 loss in 2Q 2022) Second quarter 2023 results: ₹0.48 loss per share (improved from ₹1.86 loss in 2Q 2022). Revenue: ₹70.6m (down 31% from 2Q 2022). Net loss: ₹5.28m (loss narrowed 75% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Aug 20
Advance Syntex Limited, Annual General Meeting, Sep 30, 2022 Advance Syntex Limited, Annual General Meeting, Sep 30, 2022, at 13:00 Indian Standard Time. Reported Earnings • Aug 18
First quarter 2023 earnings released: ₹0.48 loss per share (vs ₹1.35 loss in 1Q 2022) First quarter 2023 results: ₹0.48 loss per share (up from ₹1.35 loss in 1Q 2022). Revenue: ₹38.8m (down 32% from 1Q 2022). Net loss: ₹5.32m (loss narrowed 64% from 1Q 2022). Annonce • Aug 07
Advance Syntex Limited to Report Q1, 2023 Results on Aug 13, 2022 Advance Syntex Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Annonce • Jun 01
Advance Syntex Limited Appoints of Ms. Jyoti Agarwal as Company Secretary and Compliance Officer, Effective June 1, 2022 Advance Syntex Limited at its board meeting held on May 31, 2022 appointed Ms. Jyoti Agaruual as Company Secretary and Compliance officer of the company with effect from June 1, 2022. Ms. Jyoti Agarwal is a Qualified Company Secretary and is an Associate Member of Institute of Company Secretary of lndia. Annonce • May 22
Advance Syntex Limited to Report Q4, 2022 Results on May 31, 2022 Advance Syntex Limited announced that they will report Q4, 2022 results on May 31, 2022 Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 3 independent directors (4 non-independent directors). Non-Executive Independent Director Ronojoy Basu was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Apr 25
Advance Syntex Limited Announces Resignation of Anoop Kumar Sharma as Company Secretary and Compliance Officer The meeting of board of directors of Advance Syntex Limited is scheduled to be held on April 29, 2022, to consider and approve the resignation of Mr. Anoop Kumar Sharma as Company Secretary and compliance Officer of the company. Annonce • Apr 08
Advance Syntex Limited Announces Resignation of Directors Advance Syntex Limited announced to consider and approve the resignation of Mr. Form Lodhaya Non executive independent director and Bhasker parekh Non executive non independent director of the company at its board meeting to be held on 15 April, 2022. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹1.21 loss per share (down from ₹0.21 loss in 3Q 2021). Revenue: ₹62.9m (down 50% from 3Q 2021). Net loss: ₹13.4m (loss widened 467% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annonce • Feb 09
Advance Syntex Limited to Report Q4, 2021 Results on Feb 15, 2022 Advance Syntex Limited announced that they will report Q4, 2021 results on Feb 15, 2022 Reported Earnings • Nov 21
Second quarter 2022 earnings released: ₹1.86 loss per share (vs ₹0.54 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: ₹102.8m (down 19% from 2Q 2021). Net loss: ₹20.9m (loss widened 246% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 20
First quarter 2022 earnings released: ₹1.35 loss per share The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: ₹57.8m (up 3.8% from 1Q 2021). Net loss: ₹14.7m (loss widened 94% from 1Q 2021). Reported Earnings • Feb 17
Third quarter 2021 earnings released: ₹0.21 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: ₹126.5m (down 27% from 3Q 2020). Net loss: ₹2.36m (down 178% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 17
New 90-day high: ₹12.61 The company is up 79% from its price of ₹7.03 on 19 November 2020. The Indian market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 15% over the same period. Annonce • Feb 04
Advance Syntex Limited to Report Q3, 2021 Results on Feb 15, 2021 Advance Syntex Limited announced that they will report Q3, 2021 results on Feb 15, 2021 Is New 90 Day High Low • Jan 22
New 90-day high: ₹11.40 The company is up 14% from its price of ₹9.99 on 23 October 2020. The Indian market is up 23% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Annonce • Dec 11
Advance Syntex Limited Appoints Ronojoy Prasenjit Basu as Non-Executive Additional Independent Director Advance Syntex Limited announced that Mr. Ronojoy Prasenjit Basu appointed as Non-Executive Additional Independent Director of the company. Is New 90 Day High Low • Dec 10
New 90-day high: ₹11.14 The company is up 39% from its price of ₹8.00 on 11 September 2020. The Indian market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 17% over the same period. Annonce • Dec 06
Advance Syntex Limited, Annual General Meeting, Dec 31, 2020 Advance Syntex Limited, Annual General Meeting, Dec 31, 2020, at 11:00 Indian Standard Time. Valuation Update With 7 Day Price Move • Nov 26
Market bids up stock over the past week After last week's 16% share price gain to ₹8.12, the stock is trading at a trailing P/E ratio of 6.8x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 16x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 61%. Is New 90 Day High Low • Nov 06
New 90-day low: ₹7.05 The company is down 29% from its price of ₹9.95 on 07 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Nov 02
Market pulls back on stock over the past week After last week's 22% share price decline to ₹8.14, the stock is trading at a trailing P/E ratio of 6.8x, down from the previous P/E ratio of 8.7x. This compares to an average P/E of 15x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 59%. Valuation Update With 7 Day Price Move • Oct 16
Market bids up stock over the past week After last week's 18% share price gain to ₹9.44, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.6x. This compares to an average P/E of 15x in the Chemicals industry in India. Total return to shareholders over the past three years is a loss of 55%. Annonce • Oct 03
Advance Syntex Limited Announces Resignation of Rajesh Jain as Independent Director Advance Syntex Limited announced Resignation of Rajesh Jain as Independent director of the company with effect from October 1, 2020. Reported Earnings • Sep 20
First quarter earnings released Over the last 12 months the company has reported total profits of ₹422.5k, down 98% from the prior year. Total revenue was ₹528.3m over the last 12 months, down 31% from the prior year. Annonce • Jul 24
Advance Syntex Limited to Report Q4, 2020 Results on Jul 31, 2020 Advance Syntex Limited announced that they will report Q4, 2020 results on Jul 31, 2020 
