Bilcare Ltd

About

Bilcare is engaged in the business of Pharmaceutical Packaging, Global Clinical Services, R&D services as well as Anti Counterfeit Technology (nCid).

  • Market Cap 98.0 Cr.
  • Current Price 41.6
  • High / Low 61.4 / 13.3
  • Stock P/E
  • Book Value 46.0
  • Dividend Yield 0.00 %
  • ROCE -9.81 %
  • ROE -1,529 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.90 times its book value
  • Debtor days have improved from 32.45 to 21.54 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor growth of -7.46% over past five years.
  • Promoter holding is low: 30.02%
  • Company has a low return on equity of -171.19% for last 3 years.
  • Contingent liabilities of Rs.588.06 Cr.
  • Earnings include an other income of Rs.241.12 Cr.
  • Company's cost of borrowing seems high

Peer comparison

Sector: Packaging Industry: Packaging

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
661 706 752 747 727 726 797 701 673 333 120 139
652 662 671 691 696 691 751 679 634 347 120 127
Operating Profit 9 44 81 57 31 35 46 21 39 -15 0 12
OPM % 1% 6% 11% 8% 4% 5% 6% 3% 6% -4% 0% 8%
Other Income 16 -3 197 22 -7 21 25 14 14 135 91 2
Interest 71 52 81 98 70 56 59 61 64 34 16 18
Depreciation 97 102 114 104 106 106 62 55 125 34 25 11
Profit before tax -143 -113 83 -123 -152 -107 -51 -80 -136 52 50 -16
Tax % -6% -8% -8% -9% -3% -6% 4% -8% 2% 20% -56% 6%
Net Profit -152 -121 89 -134 -157 -114 -50 -87 -134 41 77 -16
EPS in Rs -64.35 -51.59 37.75 -56.92 -66.48 -48.27 -21.13 -37.09 -56.91 17.52 32.52 -6.94
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
856 1,048 2,287 3,642 3,547 3,062 2,692 2,603 2,633 2,778 2,997 1,827 1,265
670 806 1,941 3,165 3,173 2,819 2,507 2,678 2,445 2,621 2,827 1,783 1,229
Operating Profit 186 242 345 476 374 243 186 -75 188 157 170 44 36
OPM % 22% 23% 15% 13% 11% 8% 7% -3% 7% 6% 6% 2% 3%
Other Income 8 18 39 8 5 24 9 195 109 301 59 255 241
Interest 39 44 99 164 167 217 236 151 176 249 283 174 132
Depreciation 38 54 86 131 148 141 191 164 177 416 378 239 195
Profit before tax 117 162 199 188 63 -91 -232 -194 -56 -207 -433 -114 -49
Tax % 29% 28% 25% 26% 30% -25% 7% 58% -42% 4% -5% 13%
Net Profit 83 117 148 137 40 -113 -216 -85 -85 -201 -455 -104 -33
EPS in Rs 48.20 51.55 62.65 58.00 16.81 -48.14 -91.76 -36.04 -35.91 -85.43 -193.28 -43.97 -13.81
Dividend Payout % 5% 5% 5% 3% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:6%
5 Years:-7%
3 Years:-11%
TTM:-57%
Compounded Profit Growth
10 Years:%
5 Years:-18%
3 Years:%
TTM:58%
Stock Price CAGR
10 Years:-25%
5 Years:-2%
3 Years:-6%
1 Year:80%
Return on Equity
10 Years:-15%
5 Years:-57%
3 Years:-171%
Last Year:-1529%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
17 23 24 24 24 24 24 24 24 24 24 24
Reserves 479 850 1,042 1,283 1,302 1,300 1,073 689 590 376 -93 85
Borrowings 950 599 1,190 1,371 2,104 2,146 2,311 2,122 2,014 2,089 2,270 707
215 265 864 1,102 971 899 933 786 830 913 888 297
Total Liabilities 1,662 1,737 3,119 3,779 4,400 4,368 4,340 3,620 3,457 3,402 3,087 1,112
828 855 1,408 1,582 1,493 2,126 1,926 2,432 2,403 2,180 2,005 534
CWIP 16 33 36 55 846 262 218 161 149 170 79 0
Investments 145 0 0 0 0 0 0 1 0 1 0 0
672 849 1,675 2,141 2,061 1,979 2,196 1,026 904 1,051 1,003 577
Total Assets 1,662 1,737 3,119 3,779 4,400 4,368 4,340 3,620 3,457 3,402 3,087 1,112

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
3 73 788 92 227 314 -315 177 300 98 206 258
-329 56 -1,460 -383 -966 -351 247 -358 -129 -203 -104 1,307
275 -83 698 285 661 48 119 149 -155 91 -103 -1,600
Net Cash Flow -51 46 26 -5 -78 12 50 -32 16 -13 -1 -35

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 12% 14% 16% 14% 8% 3% 1% 2% 2% -9% -6% -10%
Debtor Days 141 123 131 115 106 105 125 35 29 38 38 22
Inventory Turnover 4.35 3.86 4.49 4.65 4.58 3.96 3.54 3.63 4.25 4.65 4.74 4.82

Shareholding Pattern

Numbers in percentages

Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020
30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01 30.01
0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.04
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.00 0.00 0.00
69.94 69.94 69.94 69.94 69.94 69.94 69.94 69.94 69.93 69.94 69.94 69.94

Documents