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: 43.48 Cr.
- Current Price: 113.95
- 52 weeks High / Low 182.95 / 109.00
- Book Value: 103.58
- Stock P/E: 5.35
- Dividend Yield: 1.76 %
- ROCE: 21.30 %
- ROE: 20.96 %
- Sales Growth (3Yrs): 23.04 %
- Listed on BSE
- Company Website
- Face Value: 10.00
Pros:
Stock is trading at 1.10 times its book value
Company is expected to give good quarter
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.
Peer Comparison Sector: Pharmaceuticals // Industry: Pharmaceuticals - Indian - Bulk Drugs
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Quarterly Results Figures in Rs. Crores
Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
18.72 | 21.91 | 17.22 | 26.84 | 21.65 | 30.77 | 28.31 | 28.39 | 38.90 | 40.77 | 32.45 | 37.87 | |
16.95 | 17.91 | 15.65 | 24.98 | 18.57 | 34.99 | 24.84 | 25.30 | 34.48 | 36.20 | 27.59 | 33.30 | |
Operating Profit | 1.77 | 4.00 | 1.57 | 1.86 | 3.08 | -4.22 | 3.47 | 3.09 | 4.42 | 4.57 | 4.86 | 4.57 |
OPM % | 9.46% | 18.26% | 9.12% | 6.93% | 14.23% | -13.71% | 12.26% | 10.88% | 11.36% | 11.21% | 14.98% | 12.07% |
Other Income | 0.79 | 1.00 | 0.40 | 0.35 | 0.33 | 0.10 | 0.66 | 0.55 | 0.52 | 0.19 | 0.06 | 0.03 |
Interest | 1.15 | 1.02 | 1.12 | 1.02 | 1.08 | 0.87 | 0.92 | 0.84 | 0.87 | 0.95 | 0.86 | 0.92 |
Depreciation | 0.91 | 1.05 | 0.99 | 0.91 | 1.02 | 1.15 | 1.02 | 0.93 | 1.06 | 1.13 | 1.02 | 1.02 |
Profit before tax | 0.50 | 2.93 | -0.14 | 0.28 | 1.31 | -6.14 | 2.19 | 1.87 | 3.01 | 2.68 | 3.04 | 2.66 |
Tax % | 0.00% | 34.47% | -0.00% | 0.00% | 0.00% | 23.94% | 29.68% | 44.92% | 29.57% | 29.85% | 27.30% | 28.57% |
Net Profit | 0.50 | 1.92 | -0.14 | 0.28 | 1.31 | -4.66 | 1.54 | 1.03 | 2.12 | 1.89 | 2.21 | 1.90 |
EPS in Rs | 1.32 | 5.04 | -0.36 | 0.73 | 3.43 | -12.22 | 4.03 | 2.70 | 5.56 | 4.95 | 5.79 | 4.97 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
54.23 | 71.92 | 123.60 | 157.34 | 205.16 | 181.14 | 91.83 | 76.57 | 73.77 | 79.35 | 97.34 | 137.41 | 149.99 | |
46.62 | 62.53 | 108.30 | 135.55 | 179.40 | 162.16 | 90.23 | 71.93 | 63.18 | 69.40 | 94.08 | 120.82 | 131.57 | |
Operating Profit | 7.61 | 9.39 | 15.30 | 21.79 | 25.76 | 18.98 | 1.60 | 4.64 | 10.59 | 9.95 | 3.26 | 16.59 | 18.42 |
OPM % | 14.03% | 13.06% | 12.38% | 13.85% | 12.56% | 10.48% | 1.74% | 6.06% | 14.36% | 12.54% | 3.35% | 12.07% | 12.28% |
Other Income | 1.28 | 0.14 | 0.48 | 0.23 | 0.22 | 0.41 | 0.51 | 0.16 | 0.45 | 0.98 | 0.21 | 0.88 | 0.80 |
Interest | 3.80 | 4.56 | 4.70 | 4.42 | 5.40 | 4.02 | 5.19 | 5.65 | 5.12 | 4.37 | 4.09 | 3.58 | 3.60 |
Depreciation | 2.99 | 3.12 | 3.83 | 3.98 | 4.53 | 5.29 | 5.99 | 4.80 | 4.33 | 3.97 | 4.07 | 4.14 | 4.23 |
Profit before tax | 2.10 | 1.85 | 7.25 | 13.62 | 16.05 | 10.08 | -9.07 | -5.65 | 1.59 | 2.59 | -4.69 | 9.75 | 11.39 |
Tax % | 10.00% | 19.46% | 23.45% | 28.78% | 33.71% | 37.00% | 32.08% | 32.57% | 54.72% | 39.00% | 31.34% | 29.64% | |
Net Profit | 1.89 | 1.49 | 5.55 | 9.70 | 10.64 | 6.35 | -6.15 | -3.81 | 0.72 | 1.58 | -3.21 | 6.86 | 8.12 |
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 | 21.27 |
Dividend Payout % | 30.32% | 25.64% | 13.77% | 9.85% | 10.77% | 12.03% | -0.00% | -0.00% | 0.00% | 0.00% | -0.00% | 11.14% |
* Sales is net of excise duty and discounts
Compounded Sales Growth | |
---|---|
10 Years: | 6.69% |
5 Years: | 8.39% |
3 Years: | 23.04% |
TTM: | 37.45% |
Compounded Profit Growth | |
---|---|
10 Years: | 16.50% |
5 Years: | 25.52% |
3 Years: | 112.00% |
TTM: | 1141.03% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -8.47% |
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 | Sep 2019 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | 3.82 | |
Reserves | 8.04 | 9.04 | 13.69 | 22.61 | 31.96 | 37.35 | 31.20 | 25.65 | 26.87 | 28.46 | 25.25 | 32.56 | 35.71 |
Borrowings | 42.03 | 41.99 | 29.76 | 29.78 | 32.08 | 47.25 | 42.84 | 45.12 | 37.36 | 32.67 | 31.42 | 28.28 | 25.92 |
18.91 | 24.76 | 37.64 | 42.06 | 50.03 | 40.47 | 50.94 | 35.51 | 35.08 | 21.14 | 24.91 | 37.52 | 29.63 | |
Total Liabilities | 72.80 | 79.61 | 84.91 | 98.27 | 117.89 | 128.89 | 128.80 | 110.10 | 103.13 | 86.09 | 85.40 | 102.18 | 95.08 |
24.42 | 25.42 | 28.02 | 31.86 | 32.37 | 44.58 | 41.48 | 35.31 | 32.24 | 29.73 | 30.27 | 29.94 | 31.44 | |
CWIP | 0.24 | 1.80 | 0.24 | 0.31 | 4.38 | 1.08 | 1.08 | 1.08 | 1.09 | 1.30 | 0.53 | 1.69 | 0.79 |
Investments | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | 0.05 | 0.05 | 0.05 | 0.34 | 0.05 | 0.05 | 0.05 | 0.09 |
48.14 | 52.39 | 56.65 | 66.00 | 81.04 | 83.18 | 86.19 | 73.66 | 69.46 | 55.01 | 54.55 | 70.50 | 62.76 | |
Total Assets | 72.80 | 79.61 | 84.91 | 98.27 | 117.89 | 128.89 | 128.80 | 110.10 | 103.13 | 86.09 | 85.40 | 102.18 | 95.08 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-1.04 | 9.99 | 21.41 | 11.94 | 12.39 | 5.37 | 9.15 | 8.51 | 13.97 | 9.17 | 5.14 | 11.60 | |
-1.11 | -5.54 | -4.38 | -7.04 | -7.55 | -12.80 | -2.01 | -1.11 | 0.16 | -0.48 | -3.21 | -4.02 | |
1.63 | -4.13 | -16.51 | -5.52 | -4.43 | 6.28 | -5.62 | -8.19 | -14.19 | -8.68 | -1.77 | -5.15 | |
Net Cash Flow | -0.52 | 0.32 | 0.52 | -0.62 | 0.41 | -1.15 | 1.52 | -0.79 | -0.06 | 0.02 | 0.16 | 2.43 |
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 % | 11.63% | 11.79% | 23.40% | 34.87% | 34.58% | 18.04% | -4.67% | 0.00% | 9.41% | 10.47% | -0.96% | 21.30% |
Debtor Days | 84.74 | 65.47 | 47.22 | 55.26 | 65.49 | 63.55 | 102.23 | 103.35 | 95.44 | 96.97 | 94.72 | 96.66 |
Inventory Turnover | 1.92 | 2.25 | 3.80 | 5.03 | 6.54 | 5.00 | 2.83 | 3.64 | 3.97 | 4.09 | 4.81 | 6.28 |
Recent Announcements
- Announcement Under Regulation 30 Of SEBI(Listing Obligations And Disclosure Requirements) Regulations 2015 Nov. 21, 2019
- Revised Outcome Of Board Meeting Dated 19Th October 2019 Along With Cash Flow Statements For The Period Ended 30Th September, 2019 Nov. 20, 2019
- Un-Audited Financial Results Of The Company For The Quarter And Six Months Ended 30Th September, 2019 Oct. 19, 2019
- Outcome of Board Meeting Oct. 19, 2019
- Compliance Certificate Under Regulation 40(9) Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 Received From Practising Company Secretary For Half Year Ended 30Th September,2019 . Oct. 18, 2019
Annual Reports
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse
Credit Ratings
- Smruthi Organics Limited care
- Smruthi Organics Limited: Ratings migrated to 'CRISIL BB-/Negative/CRISIL A4'; Ratings Withdrawn crisil
- Smruthi Organics Limited: Issuer not cooperating, based on best-available information; Ratings continues to 'CRISIL BB-/Negative /CRISIL A4 Issuer not cooperating' crisil
- Smruthi Organics Limited care
- Smruthi Organics Limited: Issuer not cooperating, based on best-available information; Ratings migrated to 'CRISIL BB-/Negative/CRISIL A4 Issuer not cooperating' crisil
- Smruthi Organics Limited care