Panacea Biotec Ltd
Panacea Biotec was set up in the year 1984, under the name of Panacea Drugs Private Limited and was publicly listed in the year 1995. Panacea Biotec is a research based Biotechnology company doing Research and Development, Manufacturing, Sales, Distribution and Marketing of Pharmaceuticals, Vaccines and Biosimilars.
- Market Cap ₹ 813 Cr.
- Current Price ₹ 133
- High / Low ₹ 202 / 114
- Stock P/E
- Book Value ₹ 138
- Dividend Yield 0.00 %
- ROCE -10.3 %
- ROE -10.9 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.96 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -4.95% over past five years.
- Contingent liabilities of Rs.640 Cr.
- Earnings include an other income of Rs.82.7 Cr.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
710 | 608 | 510 | 687 | 653 | 544 | 593 | 457 | 544 | 625 | 661 | 460 | 552 | |
773 | 665 | 582 | 643 | 541 | 505 | 509 | 591 | 490 | 548 | 674 | 558 | 571 | |
Operating Profit | -63 | -56 | -72 | 44 | 112 | 39 | 84 | -134 | 54 | 77 | -13 | -98 | -20 |
OPM % | -9% | -9% | -14% | 6% | 17% | 7% | 14% | -29% | 10% | 12% | -2% | -21% | -4% |
-15 | -7 | 183 | 28 | 70 | 62 | 8 | 338 | -14 | 9 | 1,687 | 154 | 83 | |
Interest | 101 | 104 | 150 | 105 | 127 | 101 | 101 | 105 | 174 | 185 | 181 | 4 | 4 |
Depreciation | 77 | 86 | 71 | 67 | 73 | 68 | 57 | 54 | 43 | 46 | 44 | 39 | 37 |
Profit before tax | -255 | -253 | -111 | -99 | -19 | -67 | -66 | 45 | -178 | -146 | 1,449 | 13 | 22 |
Tax % | 21% | 7% | -2% | -3% | -10% | 16% | -15% | 17% | -9% | -1% | 26% | 363% | |
-206 | -234 | -113 | -108 | -21 | -56 | -76 | 38 | -194 | -148 | 1,078 | -34 | -12 | |
EPS in Rs | -33.55 | -38.22 | -18.29 | -17.38 | -2.98 | -8.89 | -12.07 | 6.15 | -31.69 | -24.09 | 175.91 | -5.42 | -1.99 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -3% |
5 Years: | -5% |
3 Years: | -5% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 5% |
5 Years: | -6% |
3 Years: | 12% |
TTM: | 76% |
Stock Price CAGR | |
---|---|
10 Years: | -2% |
5 Years: | -4% |
3 Years: | -29% |
1 Year: | 11% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | -11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 |
Reserves | 869 | 620 | 507 | 449 | 426 | 350 | 303 | 344 | 161 | -235 | 871 | 837 | 841 |
Preference Capital | 0 | 0 | 0 | 16 | 16 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
877 | 979 | 1,060 | 1,095 | 1,088 | 994 | 941 | 646 | 742 | 820 | 34 | 20 | 21 | |
198 | 235 | 371 | 381 | 334 | 440 | 349 | 379 | 481 | 587 | 848 | 407 | 404 | |
Total Liabilities | 1,950 | 1,839 | 1,943 | 1,930 | 1,854 | 1,789 | 1,598 | 1,376 | 1,390 | 1,178 | 1,759 | 1,271 | 1,272 |
1,195 | 1,154 | 1,276 | 1,144 | 1,071 | 1,001 | 949 | 806 | 657 | 609 | 622 | 600 | 624 | |
CWIP | 91 | 135 | 172 | 155 | 161 | 30 | 40 | 23 | 24 | 34 | 17 | 42 | 52 |
Investments | 33 | 22 | 16 | 15 | 9 | 7 | 7 | 5 | 6 | 0 | 5 | 13 | 34 |
631 | 527 | 479 | 616 | 614 | 750 | 602 | 542 | 703 | 534 | 1,114 | 615 | 562 | |
Total Assets | 1,950 | 1,839 | 1,943 | 1,930 | 1,854 | 1,789 | 1,598 | 1,376 | 1,390 | 1,178 | 1,759 | 1,271 | 1,272 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
228 | -24 | 54 | 37 | 91 | 131 | 118 | 105 | -30 | 107 | -108 | -422 | |
-124 | -61 | -38 | -37 | 16 | -26 | 55 | -6 | -35 | -48 | 1,283 | 430 | |
-134 | 105 | -30 | -1 | -117 | -107 | -164 | -101 | 91 | -47 | -1,176 | -18 | |
Net Cash Flow | -29 | 20 | -14 | -1 | -10 | -2 | 9 | -2 | 26 | 12 | -2 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 35 | 42 | 68 | 52 | 79 | 95 | 84 | 71 | 46 | 49 | 45 | 48 |
Inventory Days | 405 | 371 | 375 | 404 | 516 | 770 | 651 | 173 | 344 | 311 | 296 | 292 |
Days Payable | 128 | 243 | 430 | 272 | 318 | 607 | 540 | 572 | 463 | 440 | 327 | 256 |
Cash Conversion Cycle | 311 | 170 | 13 | 184 | 278 | 259 | 195 | -328 | -73 | -80 | 14 | 83 |
Working Capital Days | 112 | 92 | -113 | 31 | 134 | 82 | 6 | -307 | 97 | 6 | -229 | -7 |
ROCE % | -8% | -8% | -8% | 0% | 4% | 2% | 3% | -16% | 4% | 6% | -6% | -10% |
Documents
Announcements
- Details Of Shares Dematerialised During April, 2024 Under Regulation 74(5) Of The SEBI (Depositories And Participants) Regulations, 2018 7 May
- Intimation Regarding Appointment Of Senior Management Personnel In The Company'S Material Subsidiary Viz. Panacea Biotec Pharma Limited 2 May
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 30 Apr
- Intimation Regarding Resignation Of Senior Management Personnel Of The Company'S Material Subsidiary Viz. Panacea Biotec Pharma Limited ('PBPL') 29 Apr
- Certificate Pursuant To Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 13 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Business Highlights[1]
a. Being WHO-prequalified, the Company is one of the leading supplier of vaccines to Government of India, UNICEF & PAHO^ since more than two decades.
b. One of the leading domestic pharmaceutical formulations player with brands in super specialty and chronic care segments - Organ Transplantation, Oncology and Diabetes
c. 3 ANDAs approved by USFDA, 6 ANDAs submitted and awaiting approval from USFDA
d. 34 Active Patents globally and 21 Patent applications under process
e. Total 74 Brands of which 70 are for Pharma and 4 for Vaccines
f. 11 brands in domestic markets of which Pharma – 10; Vaccine – 1