Formosa Synthetics Private Limited: Government Tender Performance Analysis

Formosa Synthetics Private Limited, a key player in the Indian manufacturing sector, has actively participated in the government tender landscape with a portfolio of 68 bids. This comprehensive analysis, powered by TenderAI, provides detailed insights into their tender performance, financial metrics, competitive positioning, and strategic recommendations for enhanced success in Indian government procurement.

Executive Summary

From FY2020-21 to FY2024-25, Formosa Synthetics has demonstrated a mixed performance in government tenders. Their overall win rate stands at 7.4%, securing 5 L1 positions out of 68 bids. While their qualification rate is a strong 61.8%, opportunities exist to optimize their bidding strategy for higher win rates. They have successfully secured contracts totaling ₹1,859.84 crore, reflecting their capability in handling significant public sector projects. Their financial health, assessed by TenderAI, is currently rated as 'Concerning' with a score of 40.5/100, indicating areas for improvement in win rate, bid efficiency, and growth.

Formosa Synthetics exhibits a focused approach, primarily engaging with the Ministry of Consumer Affairs Food and Public Distribution. A detailed analysis reveals their strengths, weaknesses, opportunities, and threats, providing actionable insights for strategic decision-making. This report offers targeted recommendations to enhance their competitive edge and maximize their success in the dynamic Indian government tender market. Using TenderAI analysis, we've identified key areas of focus for the company to improve their overall tender performance metrics.

Financial Performance Analysis

Yearly Trends

The following table summarizes Formosa Synthetics' yearly performance in government tenders: