Kimia Biosciences Ltd

About [ edit ]

Laurel Organics Ltd. is engaged in manufacture of bulk drugs such as Ciprofloxacin and Norfloxacin.

  • Market Cap 194 Cr.
  • Current Price 41.0
  • High / Low 64.4 / 19.5
  • Stock P/E 37.0
  • Book Value 4.01
  • Dividend Yield 0.00 %
  • ROCE 9.19 %
  • ROE 15.9 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 22.29% CAGR over last 5 years

Cons

  • Stock is trading at 10.22 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company might be capitalizing the interest cost
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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
18.15 22.16 32.65 20.20 18.91 25.59 32.04 27.40 21.25 24.85 37.50 34.35
18.81 21.23 30.65 18.65 18.96 25.03 29.54 26.68 20.59 22.14 33.63 32.47
Operating Profit -0.66 0.93 2.00 1.55 -0.05 0.56 2.50 0.72 0.66 2.71 3.87 1.88
OPM % -3.64% 4.20% 6.13% 7.67% -0.26% 2.19% 7.80% 2.63% 3.11% 10.91% 10.32% 5.47%
Other Income 0.50 0.01 0.01 0.82 1.63 0.56 0.15 0.34 -0.08 0.37 1.06 0.55
Interest 0.02 0.27 0.18 0.15 1.40 0.42 0.45 0.57 1.08 0.70 0.91 0.77
Depreciation 0.34 0.27 0.27 0.28 0.28 0.37 0.43 0.41 0.45 0.40 0.41 0.50
Profit before tax -0.52 0.40 1.56 1.94 -0.10 0.33 1.77 0.08 -0.95 1.98 3.61 1.16
Tax % 11.54% 0.00% 0.00% 0.00% 50.00% 0.00% 0.00% 0.00% 16.84% 0.00% 0.00% 63.79%
Net Profit -0.45 0.40 1.56 1.94 -0.05 0.32 1.77 0.08 -0.79 1.98 3.61 0.43
EPS in Rs -0.61 0.54 2.11 1.33 -0.03 0.14 0.43 0.02 -0.17 0.42 0.76 0.09
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

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
8 8 8 9 12 6 2 0 1 76 94 106 118
7 6 6 8 10 7 4 4 2 74 88 102 109
Operating Profit 2 1 2 1 2 -0 -2 -3 -1 2 6 4 9
OPM % 19% 19% 21% 12% 16% -5% -110% -1,779% -56% 3% 6% 4% 8%
Other Income 0 0 0 0 0 0 1 0 0 1 1 1 2
Interest 1 0 0 0 0 0 0 1 0 1 2 3 3
Depreciation 0 0 0 0 0 0 0 0 0 1 1 2 2
Profit before tax 1 1 1 0 1 -1 -2 -4 -1 2 4 1 6
Tax % 10% 4% 3% 11% 6% 1% -1% -0% 8% -4% -1% -13%
Net Profit 1 1 1 0 1 -1 -2 -4 -1 2 4 1 5
EPS in Rs 0.97 0.91 1.33 0.54 1.71 -1.06 -2.30 -5.48 -1.26 2.26 2.64 0.30 1.10
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:30%
5 Years:127%
3 Years:318%
TTM:13%
Compounded Profit Growth
10 Years:8%
5 Years:22%
3 Years:56%
TTM:147%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-7%
1 Year:78%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:16%

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
7 7 7 7 7 7 7 7 7 2 2 5 5
Reserves -8 -7 -6 -6 -5 -6 -7 -11 -12 -2 2 9 14
Borrowings 4 3 2 2 1 0 1 7 14 33 31 34 40
2 3 2 3 2 3 4 1 3 25 31 38 45
Total Liabilities 5 6 5 7 6 6 5 4 12 58 65 86 104
3 4 3 3 4 4 3 3 7 13 16 18 19
CWIP 0 0 0 0 0 0 0 0 3 2 2 6 8
Investments 0 0 0 0 0 0 0 0 0 0 0 0 1
2 2 2 3 2 2 1 1 2 43 48 62 77
Total Assets 5 6 5 7 6 6 5 4 12 58 65 86 104

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
1 1 1 2 1 1 0 -6 -1 -7 -3 0
0 0 -0 -1 -1 -0 0 -0 -6 -2 -2 -9
-1 -1 -1 -1 -1 -0 -0 6 7 10 4 8
Net Cash Flow 0 0 -0 0 -0 -0 -0 0 0 0 -0 0

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 % 43% 36% 44% 22% 46% -25% -127% -188% -10% 10% 17% 9%
Debtor Days 41 41 59 80 41 22 56 173 20 141 113 128
Inventory Turnover 19.25 15.57 21.89 20.44 19.17 23.50 16.53 5.20 1.58 12.02 5.73 4.58

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
50.48 50.48 50.48 74.94 74.94 72.61 70.93 70.93 74.42 74.94 74.94 74.94
2.45 2.45 2.45 1.24 1.24 0.78 0.44 0.44 0.39 0.38 0.38 0.38
47.07 47.07 47.07 23.82 23.82 26.61 28.62 28.62 25.19 24.68 24.68 24.68

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