Dr Reddy's Laboratories Ltd

Dr Reddy's Labs Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Dr Reddy's Laboratories Ltd

₹ 6,252 0.54%
26 Apr - close price
drreddys.com BSE: 500124 NSE : DRREDDY
About

Dr. Reddy's Laboratories Ltd is a leading India-based pharamceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.

Key Points

Global Generics Segment (~83% of revenues in FY22)
Co. offers 400+ high-quality generic drugs, keeping costs reasonable by leveraging its integrated operations. The company benefits from its expertise in active ingredients, product development skills, a keen understanding of regulations and intellectual property rights & streamlined supply chain. [1]
Top revenue contributors of the segment are nervous system drugs (14%), gastrointestinal (13%) & anti-infective (10%) [2]
In FY22, co. filed 7 new ANDA’s with US FDA [3]

Website BSE NSE
  • Market Cap ₹ 1,04,296 Cr.
  • Current Price ₹ 6,252
  • High / Low ₹ 6,506 / 4,383
  • Stock P/E 26.2
  • Book Value ₹ 1,362
  • Dividend Yield 0.64 %
  • ROCE 19.0 %
  • ROE 13.6 %
  • Face Value ₹ 5.00
Edit ratios

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 25.1%
  • Company's working capital requirements have reduced from 122 days to 95.3 days

Cons

  • Company has a low return on equity of 11.5% over last 3 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.

Peer comparison

Sector: Pharmaceuticals Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
3,408 3,351 3,434 3,823 3,480 3,669 3,631 4,880 3,898 4,554 5,437 4,839 4,103
2,634 2,748 2,872 3,075 2,866 2,999 3,051 3,078 3,222 3,493 3,210 3,210 3,447
Operating Profit 774 603 562 748 614 670 580 1,803 675 1,061 2,228 1,629 656
OPM % 23% 18% 16% 20% 18% 18% 16% 37% 17% 23% 41% 34% 16%
63 82 186 118 63 115 403 118 51 115 234 223 228
Interest 6 17 6 11 8 13 10 2 3 3 4 6 6
Depreciation 212 211 197 207 205 205 222 226 239 237 237 246 246
Profit before tax 618 457 544 649 464 567 752 1,693 485 937 2,220 1,601 632
Tax % 28% 32% 24% 31% 26% 26% 34% 34% 33% 28% 26% 25% 25%
444 312 413 449 341 420 500 1,116 325 672 1,639 1,193 475
EPS in Rs 26.68 18.73 24.85 26.98 20.50 25.22 30.01 67.06 19.49 40.38 98.43 71.51 28.49
Raw PDF
Upcoming result date: 7 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
6,740 8,370 9,728 10,011 10,292 9,720 9,359 10,626 11,850 13,349 14,405 16,962 18,933
5,189 6,383 6,950 7,608 8,219 7,899 7,990 8,290 8,967 10,212 11,803 12,724 13,359
Operating Profit 1,551 1,987 2,778 2,403 2,073 1,820 1,370 2,336 2,883 3,137 2,602 4,238 5,574
OPM % 23% 24% 29% 24% 20% 19% 15% 22% 24% 24% 18% 25% 29%
78 140 135 211 317 516 164 202 730 801 474 568 799
Interest 69 61 78 64 64 57 63 57 48 47 38 17 18
Depreciation 301 313 380 490 650 735 774 781 789 835 814 923 966
Profit before tax 1,259 1,753 2,454 2,060 1,677 1,544 697 1,701 2,776 3,056 2,224 3,866 5,389
Tax % 28% 28% 21% 18% 18% 10% 19% 25% -6% 28% 27% 32%
912 1,266 1,933 1,679 1,374 1,384 567 1,277 2,938 2,186 1,623 2,613 3,980
EPS in Rs 53.81 74.51 113.62 98.57 80.55 83.51 34.17 76.92 176.79 131.47 97.53 156.90 238.81
Dividend Payout % 26% 20% 16% 20% 25% 24% 59% 26% 14% 19% 31% 26%
Compounded Sales Growth
10 Years: 7%
5 Years: 13%
3 Years: 13%
TTM: 18%
Compounded Profit Growth
10 Years: 8%
5 Years: 37%
3 Years: -4%
TTM: 69%
Stock Price CAGR
10 Years: 9%
5 Years: 17%
3 Years: 7%
1 Year: 27%
Return on Equity
10 Years: 13%
5 Years: 13%
3 Years: 11%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 85 85 85 85 85 83 83 83 83 83 83 83 83
Reserves 6,633 7,698 9,244 10,549 11,993 11,518 11,725 12,601 15,109 16,900 18,253 20,391 22,635
1,535 2,100 2,666 3,126 3,085 2,355 2,589 1,065 1,457 1,214 2,205 51 80
2,087 2,106 2,513 2,696 2,422 2,491 2,704 2,499 2,827 3,431 3,954 4,850 5,188
Total Liabilities 10,341 11,989 14,508 16,456 17,585 16,447 17,100 16,248 19,476 21,630 24,496 25,375 27,986
1,897 2,387 2,748 3,249 4,438 4,842 4,717 4,683 4,434 5,844 6,150 7,207 7,271
CWIP 618 423 576 488 616 540 675 400 412 901 1,200 913 1,048
Investments 2,478 2,379 2,806 3,862 5,076 3,102 3,636 3,934 5,486 4,649 4,937 7,440 6,887
5,348 6,800 8,377 8,856 7,455 7,963 8,072 7,231 9,145 10,235 12,208 9,815 12,781
Total Assets 10,341 11,989 14,508 16,456 17,585 16,447 17,100 16,248 19,476 21,630 24,496 25,375 27,986

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,403 289 906 1,786 2,747 1,016 1,539 2,762 1,839 3,514 1,339 5,053
-425 -524 -874 -2,031 -1,919 1,430 -1,180 -546 -1,689 -1,454 -1,990 -3,403
-195 152 28 189 -693 -2,582 -304 -2,223 -224 -794 506 -2,697
Net Cash Flow 783 -84 60 -56 135 -135 54 -8 -74 1,266 -146 -1,047

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 105 129 171 172 138 165 164 128 143 112 125 92
Inventory Days 249 217 233 223 234 256 258 242 224 250 242 219
Days Payable 138 109 123 93 99 110 147 124 109 118 121 127
Cash Conversion Cycle 217 237 281 302 273 311 274 246 257 243 247 184
Working Capital Days 99 131 181 179 156 182 180 143 148 128 144 95
ROCE % 17% 20% 23% 16% 12% 11% 5% 12% 19% 15% 12% 19%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
26.73% 26.72% 26.72% 26.72% 26.71% 26.71% 26.69% 26.69% 26.69% 26.66% 26.65% 26.65%
29.04% 27.76% 27.42% 25.16% 25.87% 26.26% 27.29% 27.25% 26.99% 28.19% 28.62% 29.13%
15.74% 21.40% 22.29% 24.78% 25.18% 24.69% 23.38% 23.05% 21.99% 21.04% 18.65% 18.31%
28.17% 23.83% 23.29% 23.07% 21.96% 22.06% 22.36% 22.78% 24.11% 23.93% 25.89% 25.73%
0.32% 0.29% 0.28% 0.28% 0.28% 0.27% 0.25% 0.22% 0.21% 0.18% 0.18% 0.17%
No. of Shareholders 2,23,3092,55,7202,42,3762,63,8032,55,3002,59,2712,46,7882,32,7152,46,7692,43,4452,57,7942,55,500

* 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

Announcements

Annual reports

Credit ratings

Concalls