Makers Laboratories Ltd

Makers Laboratories Ltd

₹ 136 -1.74%
19 Apr 10:45 a.m.
About

Incorporated in 1984, Makers Laboratories Limited is an integrated pharmaceutical company manufacturing and marketing around 200 formulations. [1]

Key Points

Product Portfolio
The Co’s product portfolio covers a wide range of General Health Therapeutic segments. Its top formulation brands are Duramol (Paracetamol), Artemak-AB (a-ß Arteether), Loroquin (Chloroquine), Nimuwin (Nimuselide), Coffwin (Anti-Cough range) and Exylin (Amoxycillin range). [1]

  • Market Cap 80.0 Cr.
  • Current Price 136
  • High / Low 157 / 94.0
  • Stock P/E
  • Book Value 92.9
  • Dividend Yield 0.00 %
  • ROCE -7.77 %
  • ROE -11.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company's working capital requirements have reduced from 57.0 days to 44.5 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.37% over past five years.
  • Company has a low return on equity of -5.25% over last 3 years.
  • Debtor days have increased from 53.7 to 64.7 days.

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
10.48 11.13 14.81 15.07 13.51 9.03 9.67 11.41 10.63 10.84 11.54 14.92 11.17
10.96 10.37 13.63 13.60 12.08 10.05 11.19 12.00 12.48 11.02 13.32 15.63 12.28
Operating Profit -0.48 0.76 1.18 1.47 1.43 -1.02 -1.52 -0.59 -1.85 -0.18 -1.78 -0.71 -1.11
OPM % -4.58% 6.83% 7.97% 9.75% 10.58% -11.30% -15.72% -5.17% -17.40% -1.66% -15.42% -4.76% -9.94%
0.05 0.07 0.06 0.67 0.04 0.08 0.13 0.69 0.14 0.18 0.19 0.69 0.12
Interest 0.40 0.42 0.43 0.46 0.39 0.40 0.37 0.33 0.40 0.28 0.35 0.41 0.42
Depreciation 1.08 1.09 0.46 0.50 0.47 0.47 0.48 0.60 0.66 0.66 0.67 0.68 0.68
Profit before tax -1.91 -0.68 0.35 1.18 0.61 -1.81 -2.24 -0.83 -2.77 -0.94 -2.61 -1.11 -2.09
Tax % 4.71% -10.29% 14.29% 31.36% -11.48% 11.60% -1.79% 13.25% 7.58% 12.77% 5.75% 10.81% 7.18%
-1.83 -0.75 0.30 0.81 0.67 -1.60 -2.27 -0.71 -2.57 -0.80 -2.46 -0.99 -1.95
EPS in Rs -3.10 -1.27 0.51 1.37 1.14 -2.71 -3.85 -1.20 -4.36 -1.36 -4.17 -1.68 -3.30
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
62.41 61.55 68.37 64.91 61.41 58.13 55.95 46.60 51.31 44.34 52.34 42.46 48.47
61.31 57.66 65.93 60.53 56.71 52.69 51.28 44.38 48.55 41.03 49.24 46.60 52.25
Operating Profit 1.10 3.89 2.44 4.38 4.70 5.44 4.67 2.22 2.76 3.31 3.10 -4.14 -3.78
OPM % 1.76% 6.32% 3.57% 6.75% 7.65% 9.36% 8.35% 4.76% 5.38% 7.47% 5.92% -9.75% -7.80%
0.54 1.57 0.21 0.94 0.41 1.24 1.50 2.56 0.18 0.41 0.80 1.14 1.18
Interest 1.27 0.96 0.49 0.39 0.36 0.27 0.36 0.26 0.70 1.60 1.68 1.38 1.46
Depreciation 1.02 1.01 0.97 1.53 1.25 1.08 1.57 1.50 1.99 4.20 1.91 2.40 2.69
Profit before tax -0.65 3.49 1.19 3.40 3.50 5.33 4.24 3.02 0.25 -2.08 0.31 -6.78 -6.75
Tax % 12.31% 30.09% 50.42% 30.88% 34.29% 30.77% 27.83% 18.87% 148.00% 22.12% 45.16% 6.05%
-0.57 2.44 0.60 2.35 2.31 3.70 3.06 2.45 -0.12 -1.62 0.17 -6.36 -6.20
EPS in Rs -0.97 4.14 1.02 3.98 3.92 6.27 5.19 4.15 -0.20 -2.75 0.29 -10.78 -10.51
Dividend Payout % 0.00% 0.00% 0.00% 20.94% 21.30% 13.30% 16.08% 20.08% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -4%
5 Years: -5%
3 Years: -6%
TTM: 19%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 13%
Stock Price CAGR
10 Years: 22%
5 Years: 21%
3 Years: -17%
1 Year: 27%
Return on Equity
10 Years: 2%
5 Years: -2%
3 Years: -5%
Last Year: -12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 4.92 5.90 5.90
Reserves 14.95 17.39 17.99 19.71 21.42 29.15 31.90 36.78 39.70 44.70 45.38 52.38 48.92
8.02 4.40 2.12 0.80 0.18 1.43 1.29 6.38 13.05 15.99 19.40 11.20 11.89
10.20 12.04 15.99 13.67 13.68 14.70 15.18 11.94 16.20 13.51 15.78 15.30 21.79
Total Liabilities 38.09 38.75 41.02 39.10 40.20 50.20 53.29 60.02 73.87 79.12 85.48 84.78 88.50
12.38 12.26 11.94 11.47 10.39 17.30 16.62 18.10 32.89 30.59 29.94 40.45 39.45
CWIP 0.00 0.01 1.92 2.71 4.23 0.15 0.11 6.42 0.69 0.12 8.94 0.04 0.00
Investments 4.60 4.04 2.50 2.35 2.35 7.12 9.18 11.16 15.04 23.66 22.55 22.52 22.53
21.11 22.44 24.66 22.57 23.23 25.63 27.38 24.34 25.25 24.75 24.05 21.77 26.52
Total Assets 38.09 38.75 41.02 39.10 40.20 50.20 53.29 60.02 73.87 79.12 85.48 84.78 88.50

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2.79 1.01 1.30 1.32 3.52 5.53 0.21 5.39 4.23 0.67 6.80 -1.42
-0.88 0.81 -1.12 -1.00 -1.49 -2.96 -2.06 -8.31 -8.43 -2.65 -8.78 -3.55
-2.25 -1.85 -0.45 -0.38 -0.91 0.39 -1.09 3.92 2.91 1.37 1.77 4.94
Net Cash Flow -0.34 -0.03 -0.27 -0.06 1.12 2.96 -2.95 1.00 -1.29 -0.61 -0.21 -0.04

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 43.04 58.59 66.89 66.58 85.65 75.73 73.20 39.32 53.71 59.19 37.31 64.73
Inventory Days 85.31 100.40 82.37 83.67 60.14 84.04 135.66 147.65 132.22 176.97 159.36 109.67
Days Payable 65.62 90.69 86.93 68.30 73.93 75.31 67.88 49.81 90.79 98.48 52.16 61.39
Cash Conversion Cycle 62.73 68.31 62.33 81.96 71.87 84.46 140.97 137.16 95.14 137.68 144.51 113.01
Working Capital Days 59.54 65.77 65.93 71.53 71.92 44.77 79.33 72.61 44.67 82.73 43.59 44.53
ROCE % 2.26% 12.82% 7.81% 13.08% 15.63% 15.54% 13.15% 7.63% 1.80% -1.05% 3.02% -7.77%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
58.37% 58.37% 58.37% 58.37% 61.27% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28% 61.28%
41.63% 41.63% 41.63% 41.63% 38.72% 38.73% 38.73% 38.72% 38.73% 38.73% 38.74% 38.73%
No. of Shareholders 3,9433,9374,0754,6674,7534,8394,6214,4834,4024,2834,1794,176

Documents