Makers Laboratories Ltd
Incorporated in 1984, Makers Laboratories Limited is an integrated pharmaceutical company manufacturing and marketing around 200 formulations. [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.
Peer comparison
Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Formulations
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Compliance Certificate - Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. 10 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the Quarter ended 31st March, 2024.
- Closure of Trading Window 22 Mar
- Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer 15 Feb
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Feb - Newspaper Publication of the Consolidated Unaudited Financial Results for the 3rd quarter & 9 months ended 31st December,2023
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 2012
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Financial Year 2011
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Financial Year 2010
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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]