Coral Laboratories Ltd
Incorporated in 1994 and headquartered in Mumbai – India Coral Laboratories Ltd is into the Manufacturing of Pharmaceutical formulations. The company manufactures Generic – Branded, Herbal Medicines, etc. in the product categories of Non-Sterile, Sterile, Nutraceuticals, Otc + Lifestyle, and it exports its products mainly to Ethiopia and other parts of the world.[1]
- Market Cap ₹ 137 Cr.
- Current Price ₹ 384
- High / Low ₹ 498 / 225
- Stock P/E 15.0
- Book Value ₹ 482
- Dividend Yield 0.00 %
- ROCE 5.38 %
- ROE 4.13 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.80 times its book value
- Debtor days have improved from 147 to 109 days.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -3.32% over past five years.
- Company has a low return on equity of 6.61% over last 3 years.
- Earnings include an other income of Rs.5.63 Cr.
* 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
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
39.95 | 41.51 | 50.75 | 59.39 | 76.94 | 95.47 | 92.47 | 91.08 | 70.58 | 96.57 | 75.61 | 78.12 | 66.22 | |
32.37 | 33.96 | 40.65 | 47.05 | 60.46 | 72.14 | 77.13 | 78.66 | 65.16 | 80.72 | 67.39 | 74.30 | 58.31 | |
Operating Profit | 7.58 | 7.55 | 10.10 | 12.34 | 16.48 | 23.33 | 15.34 | 12.42 | 5.42 | 15.85 | 8.22 | 3.82 | 7.91 |
OPM % | 18.97% | 18.19% | 19.90% | 20.78% | 21.42% | 24.44% | 16.59% | 13.64% | 7.68% | 16.41% | 10.87% | 4.89% | 11.95% |
0.89 | 1.41 | 1.21 | 2.59 | 2.89 | 2.99 | 4.47 | 5.16 | 5.89 | 3.79 | 5.77 | 6.93 | 5.63 | |
Interest | 0.12 | 0.12 | 0.10 | 0.15 | 0.24 | 0.20 | 0.20 | 0.17 | 0.19 | 0.04 | 0.14 | 0.34 | 0.02 |
Depreciation | 1.27 | 1.27 | 1.24 | 2.57 | 1.73 | 1.56 | 1.56 | 1.90 | 2.01 | 1.98 | 1.99 | 2.18 | 2.16 |
Profit before tax | 7.08 | 7.57 | 9.97 | 12.21 | 17.40 | 24.56 | 18.05 | 15.51 | 9.11 | 17.62 | 11.86 | 8.23 | 11.36 |
Tax % | 20.34% | 20.34% | 21.06% | 21.62% | 28.79% | 33.67% | 31.02% | 34.11% | 21.84% | 23.04% | 23.69% | 21.63% | |
5.65 | 6.03 | 7.87 | 9.57 | 12.40 | 16.30 | 12.45 | 10.22 | 7.13 | 13.55 | 9.05 | 6.45 | 9.11 | |
EPS in Rs | 15.81 | 16.88 | 22.03 | 26.79 | 34.71 | 45.63 | 34.85 | 28.61 | 19.96 | 37.93 | 25.33 | 18.05 | 25.50 |
Dividend Payout % | 9.48% | 8.88% | 9.07% | 9.33% | 8.64% | 10.95% | 5.73% | 6.99% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | -3% |
3 Years: | 3% |
TTM: | -24% |
Compounded Profit Growth | |
---|---|
10 Years: | 1% |
5 Years: | -12% |
3 Years: | -3% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 3% |
3 Years: | -3% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | 10% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 4% |
Balance Sheet
Figures in Rs. Crores
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 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 | 3.57 |
Reserves | 34.57 | 39.97 | 47.00 | 55.50 | 66.61 | 105.59 | 112.76 | 110.20 | 112.10 | 133.07 | 152.48 | 151.23 | 168.47 |
0.01 | 0.52 | 0.20 | 1.37 | 0.37 | 2.17 | 1.74 | 1.44 | 5.91 | 6.25 | 6.04 | 0.00 | 1.47 | |
10.78 | 14.18 | 9.73 | 11.98 | 18.92 | 19.79 | 22.12 | 20.57 | 22.71 | 24.65 | 27.80 | 19.55 | 25.31 | |
Total Liabilities | 48.93 | 58.24 | 60.50 | 72.42 | 89.47 | 131.12 | 140.19 | 135.78 | 144.29 | 167.54 | 189.89 | 174.35 | 198.82 |
21.69 | 20.78 | 19.74 | 18.92 | 18.09 | 18.23 | 22.31 | 23.23 | 22.56 | 21.44 | 23.78 | 25.26 | 24.34 | |
CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 | 0.00 | 0.00 | 0.00 | 0.50 | 1.72 | 0.00 | 0.00 |
Investments | 1.17 | 1.17 | 1.17 | 1.17 | 4.58 | 38.60 | 44.98 | 28.06 | 24.87 | 33.18 | 46.18 | 41.29 | 51.53 |
26.07 | 36.29 | 39.59 | 52.33 | 66.80 | 74.06 | 72.90 | 84.49 | 96.86 | 112.42 | 118.21 | 107.80 | 122.95 | |
Total Assets | 48.93 | 58.24 | 60.50 | 72.42 | 89.47 | 131.12 | 140.19 | 135.78 | 144.29 | 167.54 | 189.89 | 174.35 | 198.82 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.96 | 0.10 | 1.03 | 0.37 | 5.05 | 10.77 | 13.47 | -0.88 | -3.86 | 0.93 | 6.08 | 12.67 | |
0.14 | 0.42 | 0.82 | -0.47 | -2.73 | -9.80 | -13.21 | 3.23 | -1.55 | -0.07 | -6.05 | -2.61 | |
-0.02 | 0.47 | 0.00 | -0.02 | -0.05 | 0.47 | -2.62 | -1.18 | 3.56 | 0.35 | 0.15 | -6.43 | |
Net Cash Flow | 3.08 | 0.99 | 1.85 | -0.11 | 2.28 | 1.45 | -2.36 | 1.17 | -1.86 | 1.21 | 0.18 | 3.62 |
Ratios
Figures in Rs. Crores
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 | 64.59 | 93.21 | 108.89 | 152.29 | 131.93 | 117.14 | 124.77 | 121.51 | 177.95 | 148.01 | 183.97 | 109.43 |
Inventory Days | 104.84 | 123.81 | 97.13 | 109.53 | 109.50 | 155.46 | 119.55 | 116.25 | 175.98 | 158.00 | 168.72 | 99.73 |
Days Payable | 72.50 | 97.13 | 60.85 | 65.80 | 79.84 | 75.22 | 87.33 | 91.30 | 128.93 | 107.76 | 80.87 | 33.59 |
Cash Conversion Cycle | 96.94 | 119.88 | 145.16 | 196.02 | 161.59 | 197.39 | 156.99 | 146.45 | 225.00 | 198.25 | 271.82 | 175.56 |
Working Capital Days | 98.49 | 143.06 | 159.31 | 202.07 | 180.65 | 171.85 | 167.72 | 176.85 | 241.35 | 201.83 | 251.46 | 221.42 |
ROCE % | 20.17% | 18.71% | 21.24% | 22.23% | 26.93% | 27.64% | 15.91% | 13.44% | 7.86% | 13.34% | 7.24% | 5.38% |
Documents
Announcements
- Compliance Certificate For The Financial Year Ended March 31, 2024 1d
- Appointment of Company Secretary and Compliance Officer 1d
- Board Meeting Outcome for Appointment Of Mrs. Ruchi Pipara As Company Secretary And Compliance Officer 1d
- Board Meeting Intimation for Appointment Of Company Secretary 19 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Apr
Annual reports
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Financial Year 2023
from bse
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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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Product Portfolio: [1]
The four important product categories include:
Non-Sterile: This comprises Capsules, Tablets, Dry syrup, etc. in Antibiotics/Anti-bacterial, Anti-fungal, Gastro-Intestinal Drugs, etc.
Sterile: This category includes Injectables, Eye Drops, Ear Drops, Nasal Sprays, and large volume Parenteral.
Nutraceuticals: The company provides a wide range of nutraceutical products such as dietary supplements, herbal / phytochemicals, multi-vitamins, and nutrients.
OTC+Lifestyle: The company provides products in the range of Female Hygiene, Contraceptives, Medical Devices, Skin Care, Infant & Child Care products, and Herbal products.