Murae Organisor Ltd

Murae Organisor Ltd

₹ 1.66 -1.78%
19 Apr - close price
About

Incorporated in 2012, Earum Pharmaceuticals Ltd manufactures and trades in pharma products[1]

Key Points

Business Overview:[1]
Company is in the pharmaceutical business handling marketing, trading and distribution of a wide range of pharmaceutical formulation products, of which 120 products are marketed by company under its own brand, and their manufacturing is outsourced to third parties. Apart from this, company also trades in active pharmaceutical ingredients

  • Market Cap 41.0 Cr.
  • Current Price 1.66
  • High / Low 3.10 / 0.90
  • Stock P/E
  • Book Value 2.21
  • Dividend Yield 0.00 %
  • ROCE 11.7 %
  • ROE 11.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.75 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -16.8% over past five years.
  • Company has a low return on equity of 8.98% over last 3 years.
  • Company has high debtors of 217 days.
  • Working capital days have increased from 450 days to 698 days

* 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: Trading Industry: Trading

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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
2.77 9.11 2.99 8.42 4.89 4.74 4.28 7.11 1.17 1.53 1.71 0.43 0.40
6.20 10.44 6.38 5.16 3.90 10.02 4.76 7.05 1.04 0.32 2.37 1.38 0.34
Operating Profit -3.43 -1.33 -3.39 3.26 0.99 -5.28 -0.48 0.06 0.13 1.21 -0.66 -0.95 0.06
OPM % -123.83% -14.60% -113.38% 38.72% 20.25% -111.39% -11.21% 0.84% 11.11% 79.08% -38.60% -220.93% 15.00%
3.33 0.81 0.08 2.20 0.00 5.42 0.87 0.00 1.40 0.00 0.66 0.00 0.00
Interest 0.23 0.47 0.07 0.01 0.00 0.00 0.00 0.00 0.14 0.15 0.26 0.01 0.00
Depreciation 0.00 0.00 0.03 0.05 0.04 0.00 0.02 0.02 0.03 0.03 0.02 0.02 0.02
Profit before tax -0.33 -0.99 -3.41 5.40 0.95 0.14 0.37 0.04 1.36 1.03 -0.28 -0.98 0.04
Tax % 0.00% 0.00% -9.68% 0.00% 0.00% 614.29% 0.00% 0.00% 0.00% 25.24% 0.00% 11.22% 0.00%
-0.33 -0.99 -3.74 5.40 0.95 -0.72 0.36 0.04 1.37 0.77 -0.28 -0.87 0.04
EPS in Rs -0.01 -0.03 -0.12 0.18 0.03 -0.02 0.01 0.00 0.04 0.02 -0.01 -0.04 0.00
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0.00 0.00 8.83 18.57 23.34 35.42 50.70 55.11 41.08 21.04 14.09 4.07
0.00 0.00 8.62 18.06 22.91 33.85 47.40 53.87 48.84 25.46 13.16 4.41
Operating Profit 0.00 0.00 0.21 0.51 0.43 1.57 3.30 1.24 -7.76 -4.42 0.93 -0.34
OPM % 2.38% 2.75% 1.84% 4.43% 6.51% 2.25% -18.89% -21.01% 6.60% -8.35%
0.00 0.00 0.01 0.06 0.35 0.41 0.05 2.27 8.93 7.70 2.26 0.66
Interest 0.00 0.00 0.06 0.39 0.52 0.72 1.04 0.97 0.93 0.08 0.29 0.42
Depreciation 0.00 0.00 0.00 0.02 0.02 0.02 0.04 0.10 0.12 0.12 0.10 0.09
Profit before tax 0.00 0.00 0.16 0.16 0.24 1.24 2.27 2.44 0.12 3.08 2.80 -0.19
Tax % 31.25% 43.75% 33.33% 26.61% 27.31% 25.82% 25.00% 27.92% 28.93%
0.00 0.00 0.11 0.10 0.16 0.91 1.66 1.82 0.09 2.22 1.98 -0.34
EPS in Rs 0.00 0.00 1.10 0.20 0.32 0.61 1.11 0.06 0.00 0.07 0.06 -0.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -17%
3 Years: -37%
TTM: -76%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 3%
TTM: -132%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -36%
1 Year: -26%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 9%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

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 0.01 0.01 0.01 0.11 0.11 0.31 0.31 6.17 6.17 12.34 12.34 49.42
Reserves 0.00 0.00 0.86 1.26 1.42 4.61 5.64 8.25 8.33 4.39 6.37 5.22
0.00 0.00 1.14 1.90 2.06 7.21 9.58 9.28 11.33 8.74 8.74 2.52
0.00 0.00 2.54 5.51 7.49 7.38 7.73 12.45 2.04 3.33 1.14 3.35
Total Liabilities 0.01 0.01 4.55 8.78 11.08 19.51 23.26 36.15 27.87 28.80 28.59 60.51
0.00 0.00 0.04 0.17 0.16 0.20 0.48 0.80 0.76 0.58 0.48 0.44
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.03 0.00 0.00 0.00 0.00
0.01 0.01 4.51 8.61 10.92 19.31 22.78 32.32 27.11 28.22 28.11 60.07
Total Assets 0.01 0.01 4.55 8.78 11.08 19.51 23.26 36.15 27.87 28.80 28.59 60.51

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0.00 0.00 -1.80 -0.26 0.09 -7.09 -0.48 -3.45 -7.10 2.61 0.26
0.00 0.00 -0.04 -0.15 -0.02 -0.05 -0.32 -3.45 2.94 0.06 0.00
0.00 0.00 1.84 0.77 -0.25 6.98 0.94 6.76 2.90 -2.67 -0.29
Net Cash Flow 0.00 0.00 0.00 0.35 -0.18 -0.16 0.14 -0.14 -1.26 -0.01 -0.03

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 124.84 87.47 55.99 111.19 78.11 112.26 94.80 260.91 217.34
Inventory Days 70.52 77.88 108.46 91.19 86.30 97.05 121.96 178.56 391.86
Days Payable 112.93 107.21 82.75 77.11 53.85 83.42 10.18 17.64 -25.37
Cash Conversion Cycle 82.43 58.13 81.69 125.27 110.56 125.89 206.58 421.84 634.57
Working Capital Days 81.43 54.05 57.71 115.72 98.27 125.91 222.31 430.92 698.14
ROCE % 0.00% 21.78% 20.83% 22.16% 24.94% 23.93% 17.38% 4.24% 12.32% 11.68%

Shareholding Pattern

Numbers in percentages

10 Recently
Mar 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.04% 70.04% 70.04% 50.21% 37.57% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
29.96% 29.96% 29.96% 49.79% 62.43% 99.99% 99.99% 99.99% 99.99% 100.01% 100.00% 100.00%
No. of Shareholders 4624210,71024,94426,19230,20131,09330,71431,60348,14652,41558,634

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