Vivo Bio Tech Ltd

Vivo Bio Tech Ltd

₹ 47.9 6.61%
12 Apr 4:01 p.m.
About

Incorporated in 1987, Vivo Bio Tech Ltd is a supplier of SPF lab animals and is a breeder
& distributor of rodent models.

Key Points

Business Overview:[1]
Vivo Bio Tech is a full-service CRO offering
drug development & discovery services
to pharmaceutical & biotech companies.
The company provides both regulatory and
non-regulatory IND-enabling preclinical development services, screening and evaluating molecules for various pharmacological & therapeutic properties. Specifically for oncology,
the company provides design & development
of syngeneic/xenograft models for evaluation
of anti-cancer agents. Further, the company can customize In vivo DMPK studies to help profile drug candidates in both rodent and non-rodent animal models.

  • Market Cap 71.4 Cr.
  • Current Price 47.9
  • High / Low 56.0 / 21.0
  • Stock P/E 18.6
  • Book Value 34.8
  • Dividend Yield 0.00 %
  • ROCE 11.0 %
  • ROE 5.39 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 2.13% over past five years.
  • Company has a low return on equity of 8.10% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
11.87 16.08 13.00 10.17 12.92 15.31 11.26 12.67 13.54 14.76 11.58 9.26 12.85
7.09 12.08 7.31 6.34 7.17 13.70 6.48 8.01 8.62 7.63 7.09 4.40 6.48
Operating Profit 4.78 4.00 5.69 3.83 5.75 1.61 4.78 4.66 4.92 7.13 4.49 4.86 6.37
OPM % 40.27% 24.88% 43.77% 37.66% 44.50% 10.52% 42.45% 36.78% 36.34% 48.31% 38.77% 52.48% 49.57%
0.00 0.08 0.22 0.03 0.00 -0.15 0.00 0.01 0.01 0.02 0.00 0.00 0.03
Interest 0.54 1.33 0.86 1.06 1.20 0.87 1.76 1.79 2.08 2.01 1.95 2.09 2.22
Depreciation 1.34 1.68 2.86 1.74 1.71 2.21 2.33 2.37 2.30 2.26 2.29 2.30 2.28
Profit before tax 2.90 1.07 2.19 1.06 2.84 -1.62 0.69 0.51 0.55 2.88 0.25 0.47 1.90
Tax % 23.45% 72.90% 43.84% 74.53% 51.76% 58.02% 53.62% 78.43% 72.73% 28.47% 44.00% 29.79% 31.05%
2.23 0.30 1.24 0.28 1.37 -0.69 0.32 0.12 0.15 2.06 0.14 0.33 1.32
EPS in Rs 1.73 0.22 0.87 0.20 0.96 -0.48 0.22 0.08 0.10 1.38 0.09 0.22 0.89
Raw PDF

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
12.48 14.37 16.13 17.79 28.58 34.13 47.00 55.83 55.35 51.78 51.39 52.23 48.45
7.19 12.01 14.38 14.99 24.87 26.51 36.11 46.32 42.88 33.98 35.30 30.39 25.60
Operating Profit 5.29 2.36 1.75 2.80 3.71 7.62 10.89 9.51 12.47 17.80 16.09 21.84 22.85
OPM % 42.39% 16.42% 10.85% 15.74% 12.98% 22.33% 23.17% 17.03% 22.53% 34.38% 31.31% 41.82% 47.16%
0.05 0.76 0.88 0.95 0.89 0.40 0.13 0.01 0.05 0.08 0.10 0.04 0.05
Interest 3.40 0.78 0.39 0.51 0.47 1.29 2.37 2.64 3.10 3.67 4.27 7.99 8.27
Depreciation 2.08 1.57 1.56 3.05 3.35 3.90 4.64 5.06 5.17 5.59 7.45 9.27 9.13
Profit before tax -0.14 0.77 0.68 0.19 0.78 2.83 4.01 1.82 4.25 8.62 4.47 4.62 5.50
Tax % 600.00% 49.35% 55.88% -142.11% -16.67% 11.66% 21.95% -23.08% -4.47% 34.11% 50.78% 42.64%
0.71 0.39 0.29 0.46 0.91 2.50 3.12 2.25 4.44 5.68 2.20 2.65 3.85
EPS in Rs 0.76 0.42 0.31 0.49 0.97 2.67 3.17 1.82 3.45 4.23 1.54 1.78 2.58
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 14%
5 Years: 2%
3 Years: -2%
TTM: -8%
Compounded Profit Growth
10 Years: 21%
5 Years: -3%
3 Years: -16%
TTM: 3950%
Stock Price CAGR
10 Years: 11%
5 Years: -3%
3 Years: -4%
1 Year: 88%
Return on Equity
10 Years: 10%
5 Years: 9%
3 Years: 8%
Last Year: 5%

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
Equity Capital 9.35 9.35 9.35 9.35 9.35 9.35 9.85 12.35 12.89 13.42 14.26 14.90
Reserves -4.43 -1.12 -0.83 -0.18 0.71 3.22 7.36 14.62 20.14 27.68 32.18 36.97
22.92 3.58 6.62 5.69 16.91 27.06 25.12 21.68 24.37 30.96 67.44 62.39
26.29 26.86 24.90 26.57 18.69 11.49 17.18 6.67 6.29 7.46 8.60 8.77
Total Liabilities 54.13 38.67 40.04 41.43 45.66 51.12 59.51 55.32 63.69 79.52 122.48 123.03
43.14 20.73 20.59 19.69 23.54 28.57 27.66 30.01 34.99 52.05 95.17 88.87
CWIP 0.88 0.00 0.00 0.07 0.04 2.96 3.94 0.07 0.15 0.32 0.87 1.90
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
10.11 17.94 19.45 21.67 22.08 19.59 27.91 25.24 28.55 27.15 26.44 32.26
Total Assets 54.13 38.67 40.04 41.43 45.66 51.12 59.51 55.32 63.69 79.52 122.48 123.03

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
4.66 2.12 2.79 2.25 8.81 -5.66 11.11 -0.78 8.61 14.18 16.64 14.83
-4.58 25.03 -1.42 -2.04 -7.20 -11.84 -4.72 -3.53 -10.23 -22.82 -51.11 -4.00
0.11 -19.33 -0.44 -0.89 -0.32 6.83 -3.43 0.72 2.09 8.78 35.02 -11.18
Net Cash Flow 0.19 7.82 0.93 -0.68 1.30 -10.67 2.96 -3.59 0.47 0.14 0.55 -0.34

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 153.55 102.36 97.30 88.43 48.79 82.03 91.48 54.98 69.11 51.39 85.37 86.52
Inventory Days 2.35 3.92 42.06 557.61 169.23 204.47 289.48 255.75 451.13 672.29 312.99 429.70
Days Payable 1,097.35 857.55 1,160.13 814.41 362.93 242.14 304.36 152.08 166.72 70.37 74.02 50.68
Cash Conversion Cycle -941.45 -751.27 -1,020.76 -168.38 -144.91 44.36 76.61 158.65 353.52 653.31 324.35 465.53
Working Capital Days -521.47 -456.44 -343.05 -291.55 -95.40 84.70 73.78 119.71 131.89 143.73 131.40 172.96
ROCE % 12.39% 7.82% 7.94% 4.67% 5.98% 12.37% 15.57% 9.80% 13.86% 18.99% 9.40% 11.05%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
36.58% 39.84% 39.84% 39.84% 39.67% 42.16% 42.16% 42.16% 42.08% 42.08% 42.08% 42.08%
63.42% 60.16% 60.16% 60.16% 60.33% 57.84% 57.83% 57.84% 57.91% 57.92% 57.91% 57.92%
No. of Shareholders 8,0438,97910,26311,36412,45512,63213,03613,04813,06212,98913,00615,615

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