Albert David Ltd

About [ edit ]

Albert David is engaged in manufacturing and trading of Pharmaceutical Formulations, Infusion Solutions, Herbal Dosage Forms and Bulk Drugs by way of domestic sale or export.(Source : 201903 Annual Report Page No: 99)

  • Market Cap 230 Cr.
  • Current Price 402
  • High / Low 557 / 255
  • Stock P/E 19.9
  • Book Value 404
  • Dividend Yield 1.74 %
  • ROCE 15.2 %
  • ROE 9.78 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 0.99 times its book value
  • Company has been maintaining a healthy dividend payout of 21.88%

Cons

  • The company has delivered a poor sales growth of 0.15% over past five years.
  • Company has a low return on equity of 9.37% for last 3 years.
  • Earnings include an other income of Rs.13.54 Cr.
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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
68.39 94.41 77.85 76.95 67.69 91.62 89.61 79.56 60.00 53.73 71.69 65.29
57.10 81.72 75.66 72.66 57.61 78.24 77.08 72.83 62.29 58.11 60.47 59.58
Operating Profit 11.29 12.69 2.19 4.29 10.08 13.38 12.53 6.73 -2.29 -4.38 11.22 5.71
OPM % 16.51% 13.44% 2.81% 5.58% 14.89% 14.60% 13.98% 8.46% -3.82% -8.15% 15.65% 8.75%
Other Income 2.23 1.68 1.25 10.01 3.19 1.83 1.46 2.94 0.84 4.78 3.03 4.89
Interest 0.18 0.15 0.21 0.10 0.16 0.21 0.20 0.19 0.19 0.17 0.14 0.17
Depreciation 2.03 1.73 1.75 1.76 1.74 1.87 1.88 1.89 2.04 2.03 2.07 2.08
Profit before tax 11.31 12.49 1.48 12.44 11.37 13.13 11.91 7.59 -3.68 -1.80 12.04 8.35
Tax % 48.81% 37.23% 71.62% 11.74% 34.83% 29.25% 33.50% 30.83% 10.33% 41.11% 18.69% 26.71%
Net Profit 5.78 7.84 0.41 10.98 7.42 9.29 7.92 5.25 -3.30 -1.06 9.79 6.12
EPS in Rs 10.13 13.74 0.72 19.24 13.00 16.28 13.88 9.20 -5.78 -1.86 17.15 10.72
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
181 200 217 228 261 287 317 318 293 285 316 320 251
158 173 189 204 236 254 281 301 266 267 286 286 240
Operating Profit 23 27 28 24 26 33 37 17 27 18 30 34 10
OPM % 13% 13% 13% 11% 10% 11% 12% 5% 9% 6% 10% 11% 4%
Other Income 3 2 1 1 2 1 2 57 8 9 15 4 14
Interest 6 4 3 4 4 4 3 2 1 1 1 1 1
Depreciation 8 9 10 10 11 11 15 9 8 8 7 8 8
Profit before tax 12 16 16 11 13 18 20 63 26 18 38 29 15
Tax % 38% 35% 34% 32% 36% 32% 32% 24% 39% 45% 29% 34%
Net Profit 8 10 11 8 9 13 14 48 16 10 27 19 12
EPS in Rs 13.19 17.99 19.01 13.37 15.00 22.02 24.00 84.10 27.96 17.24 46.68 33.59 20.23
Dividend Payout % 27% 25% 24% 34% 30% 23% 23% 7% 20% 32% 13% 21%
Compounded Sales Growth
10 Years:5%
5 Years:0%
3 Years:3%
TTM:-24%
Compounded Profit Growth
10 Years:7%
5 Years:9%
3 Years:10%
TTM:-61%
Stock Price CAGR
10 Years:13%
5 Years:8%
3 Years:3%
1 Year:-4%
Return on Equity
10 Years:11%
5 Years:10%
3 Years:9%
Last Year:10%

Balance Sheet

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
6 6 6 6 6 6 6 6 6 6 6 6 6
Reserves 50 57 65 70 75 85 87 131 177 180 205 217 225
Borrowings 58 55 9 40 38 42 30 20 30 28 0 2 1
45 64 117 88 64 66 71 67 71 76 84 95 99
Total Liabilities 159 183 197 203 183 198 193 224 285 290 295 320 331
72 76 69 69 72 67 49 44 87 83 77 91 88
CWIP 1 1 3 6 1 3 5 5 9 5 5 2 1
Investments 0 0 0 0 0 16 16 48 59 68 113 122 117
87 105 125 127 110 111 122 127 130 134 99 106 125
Total Assets 159 183 197 203 183 198 193 224 285 290 295 320 331

Cash Flows

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
20 17 25 11 20 21 28 68 20 30 32 30
-9 -13 -5 -12 -9 -24 -9 -38 -36 -11 -19 -20
-3 -5 -11 -11 -8 -2 -18 -18 7 -5 -17 -10
Net Cash Flow 9 -1 9 -12 3 -5 1 12 -10 15 -4 0

Ratios

Figures in Rs. Crores

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 17% 20% 16% 14% 18% 18% 17% 15% 7% 18% 15%
Debtor Days 43 48 33 48 52 54 47 41 41 35 25 34
Inventory Turnover 2.13 2.52 2.64 2.52 2.72 2.25 2.60 2.20 1.96 2.21 2.74 2.75

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
60.90 60.90 60.90 60.90 60.90 60.90 60.98 60.98 61.15 61.16 61.16 61.16
0.00 0.00 0.12 0.12 0.12 0.08 0.00 0.00 0.00 0.00 0.00 0.00
4.61 4.37 4.33 4.34 4.47 4.50 4.45 4.49 3.91 3.89 3.81 3.81
34.49 34.73 34.65 34.64 34.51 34.52 34.57 34.54 34.94 34.95 35.03 35.03

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