Divis Laboratories Ltd

Divis Laboratories Ltd

₹ 4,520 -0.06%
24 Jun - close price
About

Incorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients[1]

Key Points

Business Overview:[1]
Company manufactures Generic Active pharmaceuticals ingredients, Custom synthesis of APIs & Intermediates along with Nutraceuticals for Global Pharmaceutical & Nutraceutical industry. These are segmented as:
a) Generic APIs:[2]
Company manufactures 30 Large Volume Generic APIs in 10’s to 100’s/1000’s of Tons each year and exports them to 100+ countries. Further, there are 10 APIs in various stages of R&D and pilot scale development
b) Custom Synthesis:[3]
Company under Custom Synthesis of APIs and Intermediates for global companies with a portfolio of products across diverse therapeutic areas. 12 out of top 20 Big Pharma Companies across US, EU and Japan have been associated with Divi’s for 10+ years
c) Nutraceutical:[4][5]
Company's Vishakhapatnam unit produces active ingredient and finished forms of Carotenoids. It is currently supplying carotenoids to all major food, dietary supplement and feed manufacturers globally. Company also offers customized ingredient solutions in liquids, beadlets and powder forms

  • Market Cap 1,19,980 Cr.
  • Current Price 4,520
  • High / Low 4,628 / 3,295
  • Stock P/E 76.1
  • Book Value 508
  • Dividend Yield 0.66 %
  • ROCE 16.3 %
  • ROE 12.0 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 40.5%

Cons

  • Stock is trading at 8.90 times its book value
  • The company has delivered a poor sales growth of 9.45% over past five years.

* 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,718 1,950 1,968 2,467 2,495 2,204 1,823 1,690 1,908 1,730 1,868 1,808 2,259
1,019 1,099 1,149 1,367 1,399 1,367 1,214 1,280 1,419 1,239 1,394 1,317 1,542
Operating Profit 699 851 819 1,100 1,096 837 609 409 489 491 474 491 717
OPM % 41% 44% 42% 45% 44% 38% 33% 24% 26% 28% 25% 27% 32%
23 36 19 17 51 90 79 116 66 80 85 94 79
Interest 0 0 0 0 0 0 0 0 0 0 1 0 2
Depreciation 70 73 77 80 81 83 85 87 87 93 94 95 94
Profit before tax 652 814 760 1,037 1,066 844 603 439 468 478 464 490 700
Tax % 25% 32% 20% 12% 17% 18% 19% 29% 32% 28% 26% 27% 24%
488 552 606 907 883 691 487 311 319 345 342 358 531
EPS in Rs 18.38 20.79 22.84 34.17 33.26 26.03 18.34 11.71 12.02 13.00 12.88 13.49 20.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,129 2,514 3,084 3,720 4,024 3,816 4,880 5,311 6,799 8,880 7,625 7,665
1,306 1,492 1,914 2,314 2,582 2,558 3,028 3,491 3,971 5,000 5,275 5,491
Operating Profit 823 1,022 1,170 1,406 1,441 1,258 1,851 1,820 2,828 3,880 2,350 2,174
OPM % 39% 41% 38% 38% 36% 33% 38% 34% 42% 44% 31% 28%
49 81 36 92 73 106 155 187 57 109 348 337
Interest 3 3 3 4 3 2 5 7 2 2 2 3
Depreciation 77 92 136 118 123 142 169 186 255 311 342 376
Profit before tax 792 1,009 1,067 1,375 1,388 1,219 1,833 1,813 2,628 3,677 2,354 2,132
Tax % 23% 22% 21% 19% 24% 29% 27% 24% 26% 20% 23% 26%
611 792 847 1,111 1,053 870 1,333 1,373 1,955 2,949 1,808 1,576
EPS in Rs 23.03 29.82 31.90 41.84 39.68 32.76 50.20 51.71 73.63 111.07 68.11 59.37
Dividend Payout % 33% 34% 31% 24% 25% 31% 32% 31% 27% 27% 44% 50%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 4%
TTM: 1%
Compounded Profit Growth
10 Years: 7%
5 Years: 4%
3 Years: -7%
TTM: -13%
Stock Price CAGR
10 Years: 20%
5 Years: 23%
3 Years: 2%
1 Year: 28%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 18%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 27 27 27 53 53 53 53 53 53 53 53 53
Reserves 2,527 3,008 3,535 4,304 5,356 5,907 6,920 7,264 9,218 11,638 12,652 13,431
33 18 27 42 36 63 106 34 0 0 0 0
610 731 886 566 765 785 961 1,164 1,452 1,617 1,646 1,878
Total Liabilities 3,196 3,784 4,475 4,965 6,210 6,808 8,040 8,514 10,724 13,308 14,352 15,362
908 1,222 1,309 1,439 1,559 1,996 2,087 2,776 3,699 4,321 4,719 4,737
CWIP 303 144 218 264 444 120 492 920 711 470 212 778
Investments 411 505 736 813 1,639 1,897 1,953 979 7 79 84 89
1,573 1,913 2,212 2,450 2,568 2,795 3,508 3,839 6,307 8,438 9,337 9,758
Total Assets 3,196 3,784 4,475 4,965 6,210 6,808 8,040 8,514 10,724 13,308 14,352 15,362

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
483 558 822 1,036 1,149 765 964 1,208 1,947 1,910 2,448 1,266
-254 -305 -521 -411 -1,137 -476 -684 -81 75 -2,195 -2,707 -268
-231 -248 -303 -630 3 -314 -246 -1,091 -34 -532 -797 -798
Net Cash Flow -2 5 -1 -5 15 -25 34 36 1,988 -817 -1,055 200

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 96 115 97 95 91 106 96 105 94 106 94 108
Inventory Days 369 355 335 284 291 311 324 299 322 316 329 353
Days Payable 72 59 67 56 103 98 94 99 118 92 88 96
Cash Conversion Cycle 392 411 365 323 280 319 325 305 298 330 335 366
Working Capital Days 156 165 149 169 156 191 181 186 155 178 190 207
ROCE % 33% 36% 32% 35% 28% 21% 28% 24% 32% 35% 19%

Shareholding Pattern

Numbers in percentages

19 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.95% 51.95% 51.95% 51.94% 51.94% 51.94% 51.94% 51.94% 51.93% 51.93% 51.92% 51.92%
20.60% 20.70% 19.30% 18.45% 16.52% 15.40% 15.15% 14.67% 14.69% 14.60% 14.85% 14.68%
16.56% 16.36% 17.73% 18.32% 19.98% 20.75% 20.62% 21.00% 21.15% 21.65% 21.78% 22.10%
0.00% 0.00% 0.00% 0.00% 0.00% 0.03% 0.05% 0.07% 0.10% 0.10% 0.10% 0.10%
10.89% 11.00% 11.02% 11.28% 11.56% 11.88% 12.23% 12.31% 12.13% 11.72% 11.33% 11.19%
No. of Shareholders 1,93,8832,23,4032,74,5053,09,3973,46,9053,79,2574,14,8474,33,6214,02,1553,73,8603,54,4823,47,629

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls