Cipla Ltd

About [ edit ]

Cipla is engaged in the Business of Pharmaceuticals.(Source : 202003 Annual Report Page No:157)

  • Market Cap 72,909 Cr.
  • Current Price 904
  • High / Low 966 / 570
  • Stock P/E 30.3
  • Book Value 227
  • Dividend Yield 0.33 %
  • ROCE 17.8 %
  • ROE 14.1 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 17.81%

Cons

  • Stock is trading at 3.98 times its book value
  • The company has delivered a poor sales growth of 6.80% over past five years.
  • Company has a low return on equity of 11.64% for last 3 years.
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
3,939 4,012 4,008 4,404 3,989 4,396 4,371 4,376 4,346 5,038 5,169 4,606
3,213 3,310 3,300 3,443 3,084 3,486 3,613 3,743 3,297 3,862 3,938 3,810
Operating Profit 726 702 708 961 905 910 758 634 1,049 1,177 1,231 796
OPM % 18% 18% 18% 22% 23% 21% 17% 14% 24% 23% 24% 17%
Other Income 170 133 79 95 78 101 72 93 65 53 87 60
Interest 35 44 44 45 52 46 46 53 46 39 48 27
Depreciation 241 282 293 510 268 283 278 346 269 265 248 285
Profit before tax 620 509 449 501 663 681 506 328 799 926 1,021 544
Tax % 28% 28% 28% 25% 29% 29% 30% 26% 28% 28% 26% 24%
Net Profit 451 377 332 367 478 471 351 246 578 665 748 413
EPS in Rs 5.60 4.68 4.12 4.56 5.93 5.85 4.35 3.05 7.17 8.25 9.28 5.13

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
5,360 6,324 7,021 8,279 10,173 11,345 13,790 14,394 15,156 16,362 17,132 19,160
4,287 4,950 5,326 6,081 8,034 9,184 11,310 11,918 12,407 13,265 13,926 14,907
Operating Profit 1,073 1,374 1,695 2,198 2,139 2,162 2,480 2,476 2,749 3,097 3,206 4,252
OPM % 20% 22% 24% 27% 21% 19% 18% 17% 18% 19% 19% 22%
Other Income 448 87 103 262 259 166 208 229 358 477 344 266
Interest 28 25 38 34 146 168 207 159 114 168 197 161
Depreciation 167 273 312 330 373 505 754 1,323 1,323 1,326 1,175 1,068
Profit before tax 1,326 1,162 1,448 2,095 1,880 1,654 1,727 1,222 1,669 2,079 2,178 3,290
Tax % 18% 17% 21% 26% 25% 24% 19% 15% 15% 27% 29% 27%
Net Profit 1,083 990 1,144 1,545 1,388 1,181 1,360 1,006 1,411 1,528 1,547 2,405
EPS in Rs 13.48 12.32 14.25 19.24 17.29 14.71 16.93 12.51 17.52 18.96 19.18 29.82
Dividend Payout % 15% 23% 14% 10% 12% 14% 12% 16% 17% 16% 21% 17%
Compounded Sales Growth
10 Years:12%
5 Years:7%
3 Years:8%
TTM:12%
Compounded Profit Growth
10 Years:9%
5 Years:13%
3 Years:21%
TTM:56%
Stock Price CAGR
10 Years:11%
5 Years:12%
3 Years:18%
1 Year:59%
Return on Equity
10 Years:12%
5 Years:11%
3 Years:12%
Last Year:14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
161 161 161 161 161 161 161 161 161 161 161 161
Reserves 5,750 6,506 7,478 8,858 9,890 10,629 11,356 12,383 14,068 14,851 15,602 18,165
Borrowings 5 572 29 967 1,248 1,703 5,202 4,113 4,098 4,316 3,089 1,537
1,393 1,359 1,682 1,672 2,102 3,178 4,331 4,213 4,346 4,433 4,571 5,288
Total Liabilities 7,309 8,597 9,350 11,658 13,400 15,670 21,049 20,869 22,673 23,762 23,423 25,152
2,011 3,094 3,215 3,610 6,496 6,830 9,368 9,492 9,950 9,608 9,683 9,914
CWIP 684 285 371 378 442 581 2,061 1,683 981 676 825 571
Investments 246 591 1,269 2,532 709 640 759 973 1,259 2,554 1,471 2,710
4,367 4,626 4,494 5,138 5,753 7,620 8,862 8,721 10,483 10,923 11,444 11,957
Total Assets 7,309 8,597 9,350 11,658 13,400 15,670 21,049 20,869 22,673 23,762 23,423 25,152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,043 1,025 1,713 1,398 1,563 1,173 1,741 2,382 1,463 1,691 3,068 3,755
-563 -908 -965 -2,063 -1,265 -950 -4,533 -1,304 -834 -1,688 114 -2,387
-472 -83 -753 718 -266 165 3,104 -1,326 -385 -349 -2,949 -1,330
Net Cash Flow 9 34 -6 53 33 388 312 -248 243 -345 234 38

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 % 22% 18% 20% 24% 19% 15% 13% 7% 10% 11% 12% 18%
Debtor Days 107 86 81 74 59 64 62 65 75 93 83 66
Inventory Turnover 1.75 1.74 1.58 1.50 1.55 1.32 1.41 1.53 1.52 1.53 1.51 1.63

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
36.77 36.74 36.70 36.70 36.70 36.68 36.68 36.68 36.68 36.70 36.70 36.73
25.03 26.10 25.85 26.63 25.65 24.20 20.30 17.98 18.64 20.06 22.09 23.26
13.63 13.35 13.75 14.18 16.19 17.59 20.87 22.63 21.28 19.76 17.96 17.17
24.57 23.81 23.69 22.49 21.46 21.53 22.16 22.71 23.40 23.48 23.25 22.84

Documents