Morepen Laboratories Ltd

Morepen Labs. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Morepen Laboratories Ltd

₹ 59.3 -1.51%
02 May - close price
morepen.com BSE: 500288 NSE: MOREPENLAB
About

Morepen Laboratories Ltd is engaged in the business of manufacturing, producing, developing and marketing a wide range of Active Pharmaceutical Ingredients (APIs), branded and generic formulations and also the Home Health products.[1]

Key Points

Market Leadership
The company is a leader in the pharmaceutical and medical devices industry, holding the top position in 6 APIs with the following market shares as of H1 FY25:
Montelukast (anti-asthmatic): 70%
Loratadine (anti-allergy): 69%
Desloratadine (anti-allergy): 49%
Fexofenadine (anti-allergy): 31%
Atorvastatin (cholesterol reducer): 20%
Rosuvastatin (cholesterol reducer): 19%
Additionally, it is a leader in other products including Sitagliptin, Linagliptin, Dapagliflozin, etc. [1] [2]

Website BSE NSE
  • Market Cap ₹ 3,247 Cr.
  • Current Price ₹ 59.3
  • High / Low ₹ 101 / 41.7
  • Stock P/E 25.0
  • Book Value ₹ 21.0
  • Dividend Yield 0.00 %
  • ROCE 17.7 %
  • ROE 13.3 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company is almost debt free.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 12.6% over last 3 years.

* 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

Part of BSE Allcap BSE Healthcare BSE SmallCap

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
372 342 274 383 345 337 369 381 395 393 386 384 403
342 323 261 356 323 321 344 352 344 336 337 341 372
Operating Profit 30 19 14 27 21 15 25 30 51 56 49 43 32
OPM % 8% 6% 5% 7% 6% 4% 7% 8% 13% 14% 13% 11% 8%
3 3 1 1 1 3 2 3 4 4 3 5 5
Interest 1 1 0 0 1 1 0 0 2 1 1 1 1
Depreciation 5 5 4 4 5 5 5 5 6 7 4 4 5
Profit before tax 27 17 10 23 18 13 22 27 47 53 47 43 30
Tax % 21% 14% 28% 28% 28% 21% 27% 27% 25% 24% 26% 26% 25%
22 14 7 17 13 10 16 20 35 40 35 32 23
EPS in Rs 0.48 0.30 0.14 0.32 0.25 0.20 0.31 0.39 0.69 0.78 0.69 0.58 0.41
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
303 336 370 452 548 561 717 792 1,112 1,449 1,339 1,538 1,565
274 290 324 388 487 501 652 728 1,000 1,320 1,262 1,376 1,386
Operating Profit 29 46 47 64 60 60 65 64 112 129 77 162 179
OPM % 10% 14% 13% 14% 11% 11% 9% 8% 10% 9% 6% 11% 11%
6 4 1 -3 4 4 4 9 12 10 6 13 17
Interest 12 10 9 10 7 4 2 2 2 -7 2 4 4
Depreciation 46 46 39 35 34 33 38 34 28 21 18 22 19
Profit before tax -23 -6 1 16 23 26 29 37 94 126 63 149 173
Tax % 0% 0% 19% -1% 0% 0% 0% 14% 0% 20% 27% 26%
-23 -6 1 16 23 26 29 32 94 101 46 111 130
EPS in Rs -0.50 -0.14 0.01 0.35 0.52 0.58 0.64 0.72 2.10 2.11 0.90 2.17 2.46
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 16%
5 Years: 16%
3 Years: 11%
TTM: 6%
Compounded Profit Growth
10 Years: 30%
5 Years: 31%
3 Years: 6%
TTM: 60%
Stock Price CAGR
10 Years: 15%
5 Years: 28%
3 Years: 12%
1 Year: 19%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 13%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 90 90 90 90 90 90 90 90 90 96 102 102 110
Reserves 121 115 103 119 134 161 188 217 355 503 678 787 1,039
231 209 200 186 168 134 139 142 17 19 25 28 32
100 95 106 139 155 206 203 212 385 417 300 362 367
Total Liabilities 542 508 500 535 548 591 619 662 848 1,033 1,106 1,279 1,547
331 289 244 216 191 182 153 135 144 156 171 217 258
CWIP 0 0 0 0 0 0 0 0 2 14 17 24 17
Investments 122 118 118 118 118 118 118 119 119 118 118 126 257
89 100 138 201 239 291 349 408 583 745 800 912 1,015
Total Assets 542 508 500 535 548 591 619 662 848 1,033 1,106 1,279 1,547

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
33 33 51 50 49 61 15 11 49 -69 -102 77
-3 -1 -30 -27 -15 -24 -10 -12 -69 -23 -36 -84
-30 -29 -20 -28 -31 -38 -0 5 47 66 144 0
Net Cash Flow 1 3 1 -5 3 -1 4 3 28 -25 6 -6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 44 44 48 65 55 72 62 56 51 56 70 75
Inventory Days 70 60 56 53 68 79 71 93 84 95 85 85
Days Payable 105 122 124 140 126 176 123 111 95 80 86 103
Cash Conversion Cycle 9 -18 -21 -22 -3 -25 10 38 40 71 69 57
Working Capital Days -30 -16 -16 -6 -91 -66 -31 -4 22 62 111 110
ROCE % -3% 0% 2% 8% 8% 8% 8% 9% 21% 22% 9% 18%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
36.74% 38.22% 38.22% 38.22% 38.22% 38.22% 38.22% 38.22% 38.22% 35.66% 35.66% 35.66%
0.95% 1.15% 0.89% 0.96% 1.00% 1.29% 2.11% 1.85% 1.67% 2.08% 2.22% 1.94%
4.08% 3.98% 3.74% 2.93% 2.32% 2.27% 2.21% 2.15% 2.14% 1.69% 1.64% 1.67%
0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
58.24% 56.63% 57.15% 57.88% 58.45% 58.20% 57.46% 57.76% 57.96% 60.57% 60.46% 60.72%
No. of Shareholders 2,87,1152,90,3673,06,0303,06,1503,01,8323,04,0013,04,2893,36,0193,48,7664,30,9294,48,3614,68,860

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Concalls