Divis Laboratories Ltd

Divis Laboratories Ltd

₹ 6,596 0.30%
04 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 1,75,159 Cr.
  • Current Price 6,596
  • High / Low 7,078 / 5,636
  • Stock P/E 66.8
  • Book Value 631
  • Dividend Yield 0.45 %
  • ROCE 22.0 %
  • ROE 16.5 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 39.0%

Cons

  • Stock is trading at 10.4 times its book value
  • The company has delivered a poor sales growth of 8.67% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,951 1,778 1,909 1,855 2,303 2,118 2,338 2,319 2,585 2,410 2,715 2,604 2,831
1,464 1,274 1,430 1,366 1,572 1,496 1,622 1,576 1,699 1,681 1,827 1,714 1,897
Operating Profit 487 504 479 489 731 622 716 743 886 729 888 890 934
OPM % 25% 28% 25% 26% 32% 29% 31% 32% 34% 30% 33% 34% 33%
66 81 86 95 79 79 106 82 86 119 145 14 155
Interest 0 0 1 0 2 0 1 0 1 3 8 6 6
Depreciation 87 93 95 95 95 97 99 99 107 112 113 118 120
Profit before tax 466 492 469 489 713 604 722 726 864 733 912 780 963
Tax % 31% 28% 26% 27% 25% 29% 29% 19% 23% 26% 24% 25% 22%
321 356 348 358 538 430 510 589 662 545 689 583 751
EPS in Rs 12.09 13.41 13.11 13.49 20.27 16.20 19.21 22.19 24.94 20.53 25.95 21.96 28.29
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,115 3,776 4,064 3,891 4,946 5,394 6,969 8,960 7,768 7,845 9,360 10,560
1,942 2,354 2,615 2,622 3,072 3,568 4,102 5,075 5,397 5,635 6,387 7,119
Operating Profit 1,173 1,423 1,450 1,269 1,874 1,826 2,867 3,885 2,370 2,210 2,973 3,441
OPM % 38% 38% 36% 33% 38% 34% 41% 43% 31% 28% 32% 33%
38 93 72 107 154 186 57 112 344 335 348 433
Interest 3 5 3 2 5 7 2 2 2 4 3 23
Depreciation 136 118 123 142 169 186 256 312 343 378 402 463
Profit before tax 1,072 1,393 1,395 1,231 1,855 1,819 2,666 3,684 2,369 2,163 2,916 3,388
Tax % 21% 19% 24% 29% 27% 24% 26% 20% 23% 26% 25% 24%
852 1,126 1,060 877 1,353 1,377 1,984 2,960 1,823 1,600 2,191 2,568
EPS in Rs 32.07 42.41 39.95 33.04 50.96 51.85 74.75 111.52 68.69 60.27 82.53 96.73
Dividend Payout % 31% 24% 25% 30% 31% 31% 27% 27% 44% 50% 36% 31%
Compounded Sales Growth
10 Years: 11%
5 Years: 9%
3 Years: 11%
TTM: 13%
Compounded Profit Growth
10 Years: 9%
5 Years: 6%
3 Years: 13%
TTM: 20%
Stock Price CAGR
10 Years: 19%
5 Years: 9%
3 Years: 24%
1 Year: 0%
Return on Equity
10 Years: 18%
5 Years: 17%
3 Years: 15%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 27 53 53 53 53 53 53 53 53 53 53 53
Reserves 3,469 4,240 5,304 5,872 6,904 7,257 9,242 11,675 12,714 13,518 14,916 16,708
27 42 36 63 106 39 5 4 3 3 4 7
883 562 762 797 973 1,183 1,471 1,628 1,654 1,886 1,948 3,265
Total Liabilities 4,405 4,898 6,155 6,785 8,036 8,531 10,771 13,360 14,425 15,460 16,921 20,033
1,309 1,439 1,559 1,996 2,088 2,782 3,704 4,325 4,723 4,739 5,442 6,528
CWIP 218 264 444 120 492 920 711 470 212 778 1,022 2,113
Investments 733 803 1,631 1,889 1,946 971 0 72 77 82 65 69
2,145 2,392 2,521 2,780 3,511 3,858 6,356 8,493 9,413 9,861 10,392 11,323
Total Assets 4,405 4,898 6,155 6,785 8,036 8,531 10,771 13,360 14,425 15,460 16,921 20,033

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
826 1,038 1,150 776 954 1,216 1,947 1,912 2,460 1,261 1,653 2,738
-521 -406 -1,140 -478 -685 -83 75 -2,195 -2,708 -269 -804 -2,219
-303 -631 2 -314 -246 -1,091 -35 -532 -797 -799 -799 -804
Net Cash Flow 3 0 13 -17 23 41 1,987 -816 -1,045 193 50 -285
Free Cash Flow 519 642 774 502 221 33 1,037 1,199 1,987 258 215 221
CFO/OP 88% 91% 100% 82% 77% 91% 90% 66% 124% 74% 83% 105%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 87 85 81 95 86 96 88 99 84 100 106 103
Inventory Days 350 293 307 314 347 316 329 341 352 364 311 353
Days Payable 68 56 104 96 96 100 117 96 89 94 88 108
Cash Conversion Cycle 368 322 284 313 336 312 300 344 347 370 330 348
Working Capital Days 140 158 147 176 169 180 152 177 188 206 192 195
ROCE % 33% 36% 29% 22% 29% 25% 32% 35% 19% 16% 20% 22%

Insights

In beta
Mar 1918 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Certificates of Suitability (CoS) - EDQM
Number

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Number of Drug Master Files (DMF) - USFDA
Number
Concentration - Top 5 Products Revenue Contribution
%
Net Operating Cycle
Days
Total Manufacturing Capacity
M3
Revenue Mix - Custom Synthesis
%
Revenue Mix - Generic APIs
%
R&D Expenditure (Percentage of Turnover)
% ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.93% 51.93% 51.92% 51.92% 51.89% 51.89% 51.89% 51.89% 51.88% 51.88% 51.88% 51.88%
14.69% 14.60% 14.85% 14.68% 16.16% 17.25% 17.98% 18.01% 19.74% 19.39% 20.08% 20.29%
21.15% 21.65% 21.78% 22.10% 21.66% 20.98% 20.44% 20.63% 18.96% 19.68% 19.18% 19.13%
0.10% 0.10% 0.10% 0.10% 0.10% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09%
12.13% 11.72% 11.33% 11.19% 10.17% 9.79% 9.58% 9.39% 9.32% 8.96% 8.75% 8.61%
No. of Shareholders 4,02,1553,73,8603,54,4823,47,6292,98,3102,78,8992,80,6012,67,7552,59,8252,49,6342,33,8442,28,006

* 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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