Amrutanjan Health Care Ltd
AHCL has been manufacturing ayurvedic balm for pain management since 1893, and is currently managed by the third-generation of promoters. The company is more than 120 years old and is into OTC products in the segments of pain management, women's hygiene, and packaged fruit juice drink. [1]
- Market Cap ₹ 2,033 Cr.
- Current Price ₹ 703
- High / Low ₹ 863 / 544
- Stock P/E 40.0
- Book Value ₹ 113
- Dividend Yield 0.65 %
- ROCE 22.4 %
- ROE 16.5 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 29.8%
- Company's working capital requirements have reduced from 130 days to 99.6 days
Cons
- The company has delivered a poor sales growth of 11.6% over past five years.
- Promoter holding has decreased over last 3 years: -3.50%
* 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 - Formulations
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 131 | 154 | 174 | 207 | 220 | 253 | 261 | 333 | 406 | 380 | 421 | 452 | |
| 108 | 130 | 143 | 178 | 192 | 222 | 231 | 258 | 326 | 335 | 369 | 394 | |
| Operating Profit | 23 | 25 | 32 | 29 | 28 | 31 | 31 | 75 | 80 | 45 | 52 | 58 |
| OPM % | 18% | 16% | 18% | 14% | 13% | 12% | 12% | 22% | 20% | 12% | 12% | 13% |
| 3 | 5 | 6 | 7 | 8 | 7 | 8 | 11 | 15 | 15 | 16 | 18 | |
| Interest | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Depreciation | 3 | 2 | 3 | 2 | 3 | 3 | 4 | 4 | 4 | 5 | 6 | 7 |
| Profit before tax | 21 | 26 | 35 | 34 | 33 | 35 | 34 | 82 | 91 | 54 | 62 | 69 |
| Tax % | 32% | 35% | 35% | 35% | 39% | 29% | 27% | 25% | 26% | 26% | 27% | 26% |
| 15 | 17 | 22 | 22 | 20 | 25 | 25 | 61 | 67 | 40 | 45 | 51 | |
| EPS in Rs | 4.97 | 5.86 | 7.68 | 7.47 | 6.84 | 8.39 | 8.58 | 20.93 | 22.99 | 13.63 | 15.55 | 17.58 |
| Dividend Payout % | 32% | 30% | 25% | 26% | 22% | 26% | 24% | 20% | 20% | 34% | 30% | 26% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 12% |
| 3 Years: | 4% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 15% |
| 3 Years: | -9% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 16% |
| 3 Years: | -5% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 20% |
| 3 Years: | 15% |
| Last Year: | 17% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 94 | 102 | 118 | 113 | 126 | 143 | 156 | 213 | 262 | 288 | 286 | 324 |
| 6 | 0 | 0 | 2 | 0 | 0 | 2 | 1 | 1 | 1 | 2 | 2 | |
| 22 | 25 | 28 | 34 | 38 | 42 | 44 | 57 | 84 | 70 | 77 | 93 | |
| Total Liabilities | 124 | 130 | 149 | 152 | 166 | 188 | 205 | 274 | 350 | 362 | 367 | 421 |
| 15 | 13 | 22 | 27 | 28 | 26 | 26 | 23 | 28 | 49 | 50 | 49 | |
| CWIP | 1 | 4 | 1 | 1 | 0 | 0 | 0 | 2 | 17 | 1 | 2 | 16 |
| Investments | 14 | 14 | 10 | 10 | 8 | 18 | 18 | 18 | 13 | 5 | 0 | 0 |
| 95 | 100 | 116 | 115 | 131 | 144 | 161 | 232 | 291 | 307 | 315 | 356 | |
| Total Assets | 124 | 130 | 149 | 152 | 166 | 188 | 205 | 274 | 350 | 362 | 367 | 421 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 18 | 19 | 21 | 8 | 19 | 21 | 18 | 91 | 52 | 20 | 28 | 51 | |
| 16 | -5 | 1 | -0 | -8 | -11 | -14 | -88 | -36 | -2 | 19 | -31 | |
| -14 | -12 | -11 | -5 | -9 | -7 | -12 | -7 | -17 | -15 | -48 | -13 | |
| Net Cash Flow | 20 | 2 | 12 | 3 | 2 | 3 | -7 | -4 | -1 | 3 | -1 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 66 | 62 | 55 | 51 | 46 | 47 | 37 | 19 | 34 | 32 | 42 | 45 |
| Inventory Days | 45 | 44 | 44 | 44 | 40 | 45 | 74 | 45 | 53 | 58 | 50 | 45 |
| Days Payable | 44 | 46 | 51 | 110 | 102 | 92 | 98 | 106 | 122 | 95 | 96 | 113 |
| Cash Conversion Cycle | 67 | 61 | 48 | -15 | -16 | 0 | 13 | -41 | -35 | -6 | -5 | -23 |
| Working Capital Days | 54 | 42 | 45 | 80 | 26 | 30 | 71 | 29 | 92 | 117 | 173 | 100 |
| ROCE % | 24% | 26% | 29% | 28% | 25% | 25% | 23% | 44% | 38% | 19% | 21% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Company Secretary retires May 31; Mr. Gagan Preet Singh appointed from June 1, 2025.
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Integrated Filing (Financial)
2d - Approved FY25 audited results; final dividend Rs.2.60/share; company secretary retirement and new appointment.
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Board Meeting Outcome for Financial Results And Dividend For The Year Ended March 31, 2025.
2d - Audited FY25 results with Rs. 2.60 final dividend; Company Secretary retirement and new appointment.
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Board Meeting Intimation for Audited Financial Results For The Quarter And Year Ended 31St March 2025
Recommendation Of Final Dividend For The Year 2024-25
8 May - Board meeting on May 15 to approve FY25 audited results and recommend final dividend.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - Amrutanjan confirms it is not classified as a Large Corporate per SEBI criteria.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024TranscriptNotesPPT
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Sep 2024TranscriptPPT
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Aug 2024TranscriptNotesPPT
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May 2024TranscriptNotesPPT
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Aug 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Aug 2021TranscriptNotesPPT
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May 2021TranscriptNotesPPT
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Feb 2021TranscriptNotesPPT
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Nov 2020TranscriptNotesPPT
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Aug 2020TranscriptNotesPPT
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Jun 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
High Market Share in Modern Trade
Amrutanjan has maintained the No. 1 rank in Modern Trade in Head Category with the volume market share of 41.1%* in CY19. [1]