Smruthi Organics Ltd

Smruthi Organics Limited is engaged in the manufacture and sale of bulk drugs and drug intermediates (active pharmaceutical ingredient (API) products).

  • Market Cap: 52.88 Cr.
  • Current Price: 138.60
  • 52 weeks High / Low 165.00 / 65.10
  • Book Value: 111.29
  • Stock P/E: 6.26
  • Dividend Yield: 2.16 %
  • ROCE: 21.30 %
  • ROE: 20.96 %
  • Sales Growth (3Yrs): 23.04 %
  • Listed on BSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company has good consistent profit growth of 25.52% over 5 years
Cons:
Company has a low return on equity of 5.51% for last 3 years.
Company's cost of borrowing seems high

Peer comparison Sector: Pharmaceuticals // Industry: Pharmaceuticals - Indian - Bulk Drugs

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Quarterly Results Figures in Rs. Crores

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
17.22 26.84 21.65 30.77 28.31 28.39 38.90 40.77 32.45 37.87 30.77 29.98
15.65 24.98 18.57 34.99 24.84 25.30 34.48 36.20 27.59 33.30 29.97 24.97
Operating Profit 1.57 1.86 3.08 -4.22 3.47 3.09 4.42 4.57 4.86 4.57 0.80 5.01
OPM % 9.12% 6.93% 14.23% -13.71% 12.26% 10.88% 11.36% 11.21% 14.98% 12.07% 2.60% 16.71%
0.40 0.35 0.33 0.10 0.66 0.55 0.52 0.19 0.06 0.03 4.12 0.21
Interest 1.12 1.02 1.08 0.87 0.92 0.84 0.87 0.95 0.86 0.92 0.78 0.62
Depreciation 0.99 0.91 1.02 1.15 1.02 0.93 1.06 1.13 1.02 1.02 1.11 1.24
Profit before tax -0.14 0.28 1.31 -6.14 2.19 1.87 3.01 2.68 3.04 2.66 3.03 3.36
Tax % -0.00% 0.00% 0.00% 23.94% 29.68% 44.92% 22.92% 29.85% 27.30% 28.57% 20.13% 43.15%
Net Profit -0.14 0.28 1.31 -4.66 1.54 1.03 2.32 1.89 2.21 1.90 2.42 1.92
EPS in Rs -0.36 0.73 3.43 -12.22 4.03 2.70 6.09 4.95 5.79 4.97 6.35 5.04
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
54 72 124 157 205 181 92 77 74 79 97 137 131
47 63 108 136 179 162 90 72 63 69 94 121 116
Operating Profit 8 9 15 22 26 19 2 5 11 10 3 17 15
OPM % 14% 13% 12% 14% 13% 10% 2% 6% 14% 13% 3% 12% 12%
1 0 0 0 0 0 1 0 0 1 0 1 4
Interest 4 5 5 4 5 4 5 6 5 4 4 4 3
Depreciation 3 3 4 4 5 5 6 5 4 4 4 4 4
Profit before tax 2 2 7 14 16 10 -9 -6 2 3 -5 10 12
Tax % 10% 19% 23% 29% 34% 37% 32% 33% 55% 39% 31% 30%
Net Profit 2 1 6 10 11 6 -6 -4 1 2 -3 7 8
EPS in Rs 4.95 3.90 14.53 24.97 27.33 16.31 0.00 0.00 1.90 4.15 0.00 17.98 22.15
Dividend Payout % 30% 26% 14% 10% 11% 12% -0% -0% 0% 0% -0% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:6.69%
5 Years:8.39%
3 Years:23.04%
TTM:-3.89%
Compounded Profit Growth
10 Years:16.50%
5 Years:25.52%
3 Years:112.00%
TTM:24.63%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-9.35%
Return on Equity
10 Years:9.35%
5 Years:1.36%
3 Years:5.51%
Last Year:20.96%

Balance Sheet Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
4 4 4 4 4 4 4 4 4 4 4 4 4
Reserves 8 9 14 23 32 37 31 26 27 28 25 33 39
Borrowings 42 42 30 30 32 47 43 45 37 33 31 28 16
19 25 38 42 50 40 48 34 35 20 25 36 30
Total Liabilities 73 80 85 98 118 129 126 109 103 85 85 101 88
24 25 28 32 32 45 41 35 32 30 30 30 32
CWIP 0 2 0 0 4 1 1 1 1 1 1 2 0
Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
48 52 57 66 81 83 83 72 69 54 54 69 56
Total Assets 73 80 85 98 118 129 126 109 103 85 85 101 88

Cash Flows Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
-1 10 21 12 12 5 9 9 14 9 5 12
-1 -6 -4 -7 -8 -13 -2 -1 0 -0 -3 -4
2 -4 -17 -6 -4 6 -6 -8 -14 -9 -2 -5
Net Cash Flow -1 0 1 -1 0 -1 2 -1 -0 0 0 2

Ratios Figures in Rs. Crores

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 12% 12% 23% 35% 35% 18% -5% 0% 9% 10% -1% 21%
Debtor Days 85 65 47 55 65 64 102 103 95 97 95 97
Inventory Turnover 1.31 1.62 2.87 3.91 5.19 3.94 2.31 2.82 2.68 2.95 3.48 4.62

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
63.81 63.81 63.82 63.83 63.83 63.83 63.83 63.83 63.83 63.83 63.83
36.19 36.19 36.18 36.17 36.17 36.17 36.17 36.17 36.17 36.17 36.17