Denis Chem Lab Ltd

Denis Chem Lab Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Denis Chem Lab Ltd

₹ 164 -4.06%
23 Apr - close price
denischemlab.com BSE: 537536
About

Incorporated in 1982, Denis Chem Lab Ltd does manufacturing of Pharmaceuticals Transfusion Solution in Bottles[1]

Key Points

Business Overview:[1]
DCLL manufactures and markets sterile Intravenous injectibles in Glass and Plastic Bottles for human and veterinary consumption. It also manufactures products on contract basis for multinational pharmaceutical companies who market them under their own brands. Company has a fully equipped in-house Quality Control Laboratory having different interdepartments for Chemical Testing, Physico-Chemical Testing, Microbiological Testing, Pyrogens Testing, Sterility Testing and Toxicity Testing. All raw materials, packaging materials, in process testing and finished stocks are tested in-house.

Website BSE
  • Market Cap ₹ 228 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 175 / 73.0
  • Stock P/E 24.8
  • Book Value ₹ 53.9
  • Dividend Yield 1.22 %
  • ROCE 16.1 %
  • ROE 11.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 29.7% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 38.2%
  • Debtor days have improved from 88.9 to 71.0 days.
  • Company's working capital requirements have reduced from 59.5 days to 43.7 days

Cons

  • Stock is trading at 3.04 times its book value
  • The company has delivered a poor sales growth of 8.48% over past five years.
  • Promoter holding is low: 39.0%
  • Company has a low return on equity of 8.45% 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.

Peer comparison

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln

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Quarterly Results

Figures in Rs. Crores

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
30.52 27.72 33.16 31.76 33.86 37.77 39.29 44.51 37.33 39.73 42.48 45.43 40.06
26.71 26.35 29.35 26.75 30.49 35.61 34.99 38.74 33.38 34.99 37.45 40.29 34.07
Operating Profit 3.81 1.37 3.81 5.01 3.37 2.16 4.30 5.77 3.95 4.74 5.03 5.14 5.99
OPM % 12.48% 4.94% 11.49% 15.77% 9.95% 5.72% 10.94% 12.96% 10.58% 11.93% 11.84% 11.31% 14.95%
0.02 0.07 0.07 0.01 0.04 0.93 0.08 0.11 0.07 0.34 0.01 0.52 0.26
Interest 0.35 0.35 0.24 0.20 0.21 0.11 0.17 0.08 0.12 0.26 0.09 0.09 0.13
Depreciation 1.51 1.55 1.40 1.41 1.48 1.47 1.36 1.37 1.37 3.72 1.59 1.76 1.84
Profit before tax 1.97 -0.46 2.24 3.41 1.72 1.51 2.85 4.43 2.53 1.10 3.36 3.81 4.28
Tax % 0.00% 36.96% 28.57% 26.39% 30.23% 37.09% 24.91% 29.80% 28.06% 29.09% 20.24% 33.07% 25.23%
1.97 -0.29 1.61 2.51 1.20 0.94 2.15 3.11 1.83 0.78 2.68 2.54 3.20
EPS in Rs 1.42 -0.21 1.16 1.81 0.86 0.68 1.55 2.24 1.32 0.56 1.93 1.83 2.31
Raw PDF

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 55 67 75 98 112 107 123 135 109 136 161 168
35 49 60 66 89 98 95 110 120 99 122 142 147
Operating Profit 4 6 6 9 8 14 12 14 15 10 14 19 21
OPM % 11% 11% 9% 12% 9% 12% 11% 11% 11% 9% 11% 12% 12%
0 0 0 0 0 1 1 2 0 0 1 1 1
Interest 2 2 3 5 7 6 5 3 3 2 1 1 1
Depreciation 1 1 1 4 6 7 6 6 7 6 6 8 9
Profit before tax 1 3 2 0 -3 2 2 6 6 3 9 11 13
Tax % 36% 34% 41% 78% -30% 37% -5% -7% 26% 27% 30% 28%
1 2 1 0 -4 1 2 6 4 2 6 8 9
EPS in Rs 1.55 3.11 1.17 0.07 -4.16 0.89 1.54 4.58 3.03 1.63 4.51 5.66 6.63
Dividend Payout % 29% 18% 0% 0% 0% 0% 0% 22% 0% 46% 33% 35%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 6%
TTM: 6%
Compounded Profit Growth
10 Years: 17%
5 Years: 30%
3 Years: 23%
TTM: 15%
Stock Price CAGR
10 Years: 20%
5 Years: 21%
3 Years: 40%
1 Year: 118%
Return on Equity
10 Years: 7%
5 Years: 9%
3 Years: 8%
Last Year: 11%

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 1 2 3 9 9 12 14 14 14 14 14 14 14
Reserves 5 7 6 8 3 18 36 43 45 48 53 58 61
11 17 31 48 44 37 25 23 14 9 3 2 2
8 10 12 17 28 27 26 26 25 22 27 25 34
Total Liabilities 26 35 52 81 85 94 101 106 97 92 96 99 111
9 10 9 42 40 44 40 50 46 41 42 35 37
CWIP 0 0 9 0 10 1 5 0 0 0 0 2 1
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
16 25 34 39 35 49 56 55 52 51 55 62 73
Total Assets 26 35 52 81 85 94 101 106 97 92 96 99 111

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 -1 -2 14 21 7 11 8 13 8 17 16
-0 -1 -9 -28 -13 -1 -16 -2 -2 -1 -10 -11
-2 4 12 13 -7 -0 1 -5 -14 -6 -7 -4
Net Cash Flow -1 1 0 -1 1 5 -4 1 -3 1 -0 1

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 104 111 91 123 85 104 105 106 94 110 85 71
Inventory Days 39 40 37 40 39 35 52 50 51 60 50 39
Days Payable 56 60 53 81 119 136 150 102 108 103 99 79
Cash Conversion Cycle 87 90 75 81 4 3 8 55 37 67 36 31
Working Capital Days 43 67 100 61 4 39 47 59 55 81 54 44
ROCE % 19% 22% 16% 11% 5% 13% 9% 11% 11% 6% 14% 16%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98% 38.98%
61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.02% 61.03% 61.03% 61.02% 61.02% 61.01%
No. of Shareholders 3,2073,0073,0593,2283,2953,3623,4323,4933,7234,6354,7944,834

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