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 273 Cr.
  • Current Price 477
  • High / Low 550 / 371
  • Stock P/E 12.3
  • Book Value 428
  • Dividend Yield 1.47 %
  • ROCE 12.0 %
  • ROE 9.48 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value

Cons

  • The company has delivered a poor sales growth of -4.88% over past five years.
  • Company has a low return on equity of 10.83% for last 3 years.
  • Earnings include an other income of Rs.17.18 Cr.
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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
94.41 77.85 76.95 67.69 91.62 89.61 79.56 60.00 53.73 71.69 65.29 56.74
81.72 75.66 72.66 57.61 78.24 77.08 72.83 62.29 58.11 60.47 59.58 50.15
Operating Profit 12.69 2.19 4.29 10.08 13.38 12.53 6.73 -2.29 -4.38 11.22 5.71 6.59
OPM % 13.44% 2.81% 5.58% 14.89% 14.60% 13.98% 8.46% -3.82% -8.15% 15.65% 8.75% 11.61%
Other Income 1.68 1.25 10.01 3.19 1.83 1.46 2.94 0.84 4.78 3.03 4.89 4.48
Interest 0.15 0.21 0.10 0.16 0.21 0.20 0.19 0.19 0.17 0.14 0.17 0.17
Depreciation 1.73 1.75 1.76 1.74 1.87 1.88 1.89 2.04 2.03 2.07 2.08 2.05
Profit before tax 12.49 1.48 12.44 11.37 13.13 11.91 7.59 -3.68 -1.80 12.04 8.35 8.85
Tax % 37.23% 71.62% 11.74% 34.83% 29.25% 33.50% 30.83% 10.33% 41.11% 18.69% 26.71% 17.63%
Net Profit 7.84 0.41 10.98 7.42 9.29 7.92 5.25 -3.30 -1.06 9.79 6.12 7.29
EPS in Rs 13.74 0.72 19.24 13.00 16.28 13.88 9.20 -5.78 -1.86 17.15 10.72 12.77

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
200 217 228 261 287 317 318 293 285 316 320 247
173 189 204 236 254 281 301 266 267 286 286 228
Operating Profit 27 28 24 26 33 37 17 27 18 30 34 19
OPM % 13% 13% 11% 10% 11% 12% 5% 9% 6% 10% 11% 8%
Other Income 2 1 1 2 1 2 57 8 9 15 4 17
Interest 4 3 4 4 4 3 2 1 1 1 1 1
Depreciation 9 10 10 11 11 15 9 8 8 7 8 8
Profit before tax 16 16 11 13 18 20 63 26 18 38 29 27
Tax % 35% 34% 32% 36% 32% 32% 24% 39% 45% 29% 34% 19%
Net Profit 10 11 8 9 13 14 48 16 10 27 19 22
EPS in Rs 17.99 19.01 13.37 15.00 22.02 24.00 84.10 27.96 17.24 46.68 33.59 38.79
Dividend Payout % 25% 24% 34% 30% 23% 23% 7% 20% 32% 13% 21% 15%
Compounded Sales Growth
10 Years:1%
5 Years:-5%
3 Years:-5%
TTM:-23%
Compounded Profit Growth
10 Years:7%
5 Years:10%
3 Years:40%
TTM:5%
Stock Price CAGR
10 Years:14%
5 Years:10%
3 Years:2%
1 Year:-2%
Return on Equity
10 Years:10%
5 Years:9%
3 Years:11%
Last Year:9%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
6 6 6 6 6 6 6 6 6 6 6 6
Reserves 57 65 70 75 85 87 131 177 180 205 217 239
Borrowings 55 9 40 38 42 30 20 30 28 0 2 1
64 117 88 64 66 71 67 71 76 84 95 96
Total Liabilities 183 197 203 183 198 193 224 285 290 295 320 341
76 69 69 72 67 49 44 87 83 77 91 84
CWIP 1 3 6 1 3 5 5 9 5 5 2 1
Investments 0 0 0 0 16 16 48 59 68 113 122 138
105 125 127 110 111 122 127 130 134 99 106 119
Total Assets 183 197 203 183 198 193 224 285 290 295 320 341

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
17 25 11 20 21 28 68 20 30 32 30 37
-13 -5 -12 -9 -24 -9 -38 -36 -11 -19 -20 -37
-5 -11 -11 -8 -2 -18 -18 7 -5 -17 -10 -2
Net Cash Flow -1 9 -12 3 -5 1 12 -10 15 -4 0 -2

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 17% 20% 16% 14% 18% 18% 17% 15% 7% 18% 15% 12%
Debtor Days 48 33 48 52 54 47 41 41 35 25 34 29
Inventory Turnover 2.52 2.64 2.52 2.72 2.25 2.60 2.20 1.96 2.21 2.74 2.75 2.20

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
60.90 60.90 60.90 60.90 60.90 60.98 60.98 61.15 61.16 61.16 61.16 61.25
0.00 0.12 0.12 0.12 0.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00
4.37 4.33 4.34 4.47 4.50 4.45 4.49 3.91 3.89 3.81 3.81 3.81
34.73 34.65 34.64 34.51 34.52 34.57 34.54 34.94 34.95 35.03 35.03 34.94

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