Ajanta Pharma Ltd

Ajanta Pharma Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Ajanta Pharma Ltd

₹ 2,140 0.29%
25 Apr - close price
ajantapharma.com BSE: 532331 NSE : AJANTPHARM
About

Ajanta Pharma is primarily engaged in development, manufacturing and marketing of speciality pharmaceutical quality finished dosages.(Source : 202003-01 Annual Report Page No:70).

Key Points

India - Branded Generic business (31% of FY23 revenues)[1]
- Focused on niche and first-to-market drugs in 4 therapeutic areas - cardiology, ophthalmology, dermatology, pain management[2]
- Has an MR strength of ~2800
- Launched 23 products in India in FY22 out of which 6 were first to market.[3] The total product basket comprises 500+ products with 50% being 1st to market[4]

Website BSE NSE
  • Market Cap ₹ 26,946 Cr.
  • Current Price ₹ 2,140
  • High / Low ₹ 2,355 / 1,241
  • Stock P/E 35.4
  • Book Value ₹ 267
  • Dividend Yield 1.68 %
  • ROCE 21.3 %
  • ROE 17.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company's working capital requirements have reduced from 129 days to 92.4 days

Cons

  • Stock is trading at 8.03 times its book value
  • Promoter holding has decreased over last 3 years: -4.13%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
733 748 743 824 809 766 850 837 875 849 1,015 945 1,085
488 501 510 591 571 578 664 676 715 704 738 672 758
Operating Profit 246 247 233 233 238 187 186 161 159 145 277 274 327
OPM % 33% 33% 31% 28% 29% 24% 22% 19% 18% 17% 27% 29% 30%
3 1 31 52 28 28 35 78 31 37 31 52 14
Interest 2 2 1 0 1 7 1 1 3 1 1 2 2
Depreciation 28 29 30 30 31 30 31 32 32 32 32 33 33
Profit before tax 218 217 233 255 234 178 190 207 155 148 275 290 305
Tax % 18% 29% 17% 23% 17% 24% 21% 19% 20% 21% 23% 27% 28%
180 155 193 197 195 135 150 167 124 117 212 212 220
EPS in Rs 13.86 11.92 14.90 15.17 15.00 10.53 11.74 13.05 9.67 9.15 16.84 16.87 17.48
Raw PDF
Upcoming result date: 2 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
599 839 1,110 1,356 1,574 1,804 1,825 1,773 2,196 2,719 3,141 3,411 3,894
481 632 764 884 1,044 1,166 1,279 1,291 1,664 1,800 2,246 2,710 2,872
Operating Profit 118 207 346 473 529 638 547 481 533 919 895 701 1,022
OPM % 20% 25% 31% 35% 34% 35% 30% 27% 24% 34% 28% 21% 26%
6 7 18 27 80 63 73 102 180 102 136 131 134
Interest 14 18 8 5 4 1 0 0 9 7 9 5 7
Depreciation 31 33 42 49 43 59 57 70 91 111 121 127 131
Profit before tax 80 164 313 445 563 641 562 513 613 902 901 700 1,019
Tax % 17% 38% 29% 31% 25% 22% 24% 24% 28% 25% 20% 20%
66 101 221 306 422 500 428 392 441 676 720 559 762
EPS in Rs 5.04 7.66 16.76 23.21 31.97 37.86 32.39 29.93 33.70 52.05 56.20 43.61 60.34
Dividend Payout % 13% 15% 16% 17% 17% 23% 0% 20% 26% 12% 11% 16%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 16%
TTM: 17%
Compounded Profit Growth
10 Years: 18%
5 Years: 5%
3 Years: 7%
TTM: 32%
Stock Price CAGR
10 Years: 23%
5 Years: 26%
3 Years: 21%
1 Year: 65%
Return on Equity
10 Years: 25%
5 Years: 21%
3 Years: 22%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 12 12 18 18 18 18 18 18 18 17 17 25 25
Reserves 260 344 519 769 1,114 1,486 1,914 2,125 2,444 2,868 3,152 3,221 3,331
190 123 129 71 68 0 0 0 23 26 20 33 31
155 196 215 229 214 245 360 379 564 621 591 1,025 662
Total Liabilities 617 675 880 1,086 1,414 1,749 2,292 2,522 3,049 3,532 3,780 4,305 4,049
237 263 261 271 433 573 1,037 1,162 1,449 1,519 1,492 1,484 1,473
CWIP 3 12 94 170 240 339 61 261 131 108 153 209 205
Investments 17 19 79 77 94 199 201 83 86 157 165 553 256
361 381 446 568 647 638 993 1,015 1,383 1,748 1,970 2,058 2,115
Total Assets 617 675 880 1,086 1,414 1,749 2,292 2,522 3,049 3,532 3,780 4,305 4,049

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
39 206 190 263 277 537 219 312 301 467 542 736
-50 -98 -176 -146 -139 -340 -201 -137 -116 -163 -66 -501
12 -96 -20 -101 -128 -198 -1 -181 -134 -269 -457 -105
Net Cash Flow 0 11 -6 16 9 -1 18 -6 51 35 19 130

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 76 59 58 65 81 68 86 87 122 105 121 105
Inventory Days 272 175 156 147 167 149 290 386 240 317 278 248
Days Payable 178 158 116 104 128 121 193 173 166 159 120 128
Cash Conversion Cycle 171 75 98 108 121 96 183 300 195 264 279 225
Working Capital Days 89 58 55 59 91 73 115 132 132 139 154 92
ROCE % 22% 39% 56% 60% 55% 48% 33% 25% 27% 34% 30% 21%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
70.34% 70.34% 70.34% 70.48% 70.48% 70.48% 66.11% 66.11% 66.22% 66.22% 66.22% 66.22%
8.94% 8.72% 8.95% 8.64% 8.30% 8.23% 10.07% 10.00% 10.19% 9.99% 9.11% 8.54%
11.81% 12.07% 12.14% 12.29% 12.46% 12.68% 15.37% 15.52% 15.36% 15.60% 16.67% 17.48%
0.43% 0.43% 0.45% 0.45% 0.45% 0.45% 0.45% 0.45% 0.46% 0.00% 0.00% 0.00%
8.47% 8.43% 8.12% 8.14% 8.31% 8.15% 8.00% 7.91% 7.78% 8.21% 8.00% 7.76%
No. of Shareholders 45,67252,26357,89760,75964,44562,04859,79883,54954,87456,27754,35155,488

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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