Coral Laboratories Ltd

About [ edit ]

Coral Laboratories is engaged in the business of Formulation of Medicine.

  • Market Cap 150 Cr.
  • Current Price 421
  • High / Low 444 / 130
  • Stock P/E 9.83
  • Book Value 364
  • Dividend Yield 0.00 %
  • ROCE 7.86 %
  • ROE 6.22 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.16 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 3.51% over past five years.
  • Company has a low return on equity of 8.70% for last 3 years.
  • Dividend payout has been low at 4.24% of profits over last 3 years
  • Company has high debtors of 177.95 days.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
26.71 22.69 25.65 23.46 19.29 13.63 16.51 19.89 20.55 22.28 18.13 28.34
23.79 18.00 19.66 20.43 20.72 13.44 15.66 17.80 18.38 17.05 14.69 23.34
Operating Profit 2.92 4.69 5.99 3.03 -1.43 0.19 0.85 2.09 2.17 5.23 3.44 5.00
OPM % 10.93% 20.67% 23.35% 12.92% -7.41% 1.39% 5.15% 10.51% 10.56% 23.47% 18.97% 17.64%
Other Income 2.24 0.85 1.75 1.59 0.96 0.82 0.87 1.11 3.09 1.01 0.25 0.47
Interest 0.03 0.00 0.00 0.00 0.02 0.01 0.01 0.01 0.03 0.00 0.00 0.01
Depreciation 0.41 0.39 0.58 0.49 0.44 0.48 0.49 0.59 0.45 0.51 0.51 0.47
Profit before tax 4.72 5.15 7.16 4.13 -0.93 0.52 1.22 2.60 4.78 5.73 3.18 4.99
Tax % 36.65% 29.51% 35.20% 24.46% -26.88% 25.00% 18.03% 13.46% 26.99% 8.20% 39.62% 7.21%
Net Profit 2.98 3.64 4.64 3.13 -1.19 0.39 1.00 2.25 3.49 5.27 1.92 4.63
EPS in Rs 8.34 10.19 12.99 8.76 -3.33 1.09 2.80 6.30 9.77 14.75 5.37 12.96

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
34 34 33 40 42 51 59 77 95 92 91 71 89
29 27 27 32 34 41 47 60 72 77 79 65 73
Operating Profit 5 7 6 8 8 10 12 16 23 15 12 5 16
OPM % 15% 19% 19% 19% 18% 20% 21% 21% 24% 17% 14% 8% 18%
Other Income 1 1 1 1 1 1 3 3 3 4 5 6 5
Interest 1 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 3 2 2 2 2 2 2
Profit before tax 4 6 5 7 8 10 12 17 25 18 16 9 19
Tax % 14% 18% 21% 20% 20% 21% 22% 29% 34% 31% 34% 22%
Net Profit 3 5 4 6 6 8 10 12 16 12 10 7 15
EPS in Rs 9.43 13.07 11.64 15.81 16.88 22.03 26.79 34.71 45.63 34.85 28.61 19.96 42.85
Dividend Payout % 13% 11% 13% 9% 9% 9% 9% 9% 11% 6% 7% 0%
Compounded Sales Growth
10 Years:8%
5 Years:4%
3 Years:-10%
TTM:29%
Compounded Profit Growth
10 Years:4%
5 Years:-6%
3 Years:-24%
TTM:525%
Stock Price CAGR
10 Years:17%
5 Years:-0%
3 Years:-10%
1 Year:194%
Return on Equity
10 Years:13%
5 Years:12%
3 Years:9%
Last Year:6%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 22 26 30 35 40 47 56 67 106 113 110 112 126
Borrowings 6 3 0 0 1 0 1 0 2 2 1 6 2
9 10 8 11 14 10 12 19 20 22 21 23 24
Total Liabilities 40 43 42 49 58 60 72 89 131 140 136 144 156
24 24 23 22 21 20 19 18 18 22 23 23 22
CWIP 1 0 0 0 0 0 0 0 0 0 0 0 0
Investments 1 1 1 1 1 1 1 5 39 45 28 25 33
14 18 17 26 36 40 52 67 74 73 84 97 102
Total Assets 40 43 42 49 58 60 72 89 131 140 136 144 156

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
5 4 3 3 0 1 0 5 11 13 -1 -4
-2 -0 -0 0 0 1 -0 -3 -10 -13 3 -2
-4 -3 -3 -0 0 0 -0 -0 0 -3 -1 4
Net Cash Flow -0 0 0 3 1 2 -0 2 1 -2 1 -2

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 19% 16% 20% 19% 21% 22% 27% 28% 16% 13% 8%
Debtor Days 26 56 40 65 93 109 152 132 117 125 122 178
Inventory Turnover 2.67 2.56 1.50 3.26 3.48 3.81 3.88 3.85 2.97 2.90 3.12 2.36

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
71.51 71.51 71.51 71.51 71.51 71.51 71.51 71.51 71.51 71.51 71.51 71.51
1.91 1.12 1.09 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42 0.42
0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00 0.00
26.58 27.37 27.40 28.06 28.07 28.07 28.05 28.07 28.07 28.07 28.07 28.07

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