Dr Reddys Laboratories Ltd
Dr. Reddy's Laboratories Ltd is a leading India-based pharmaceutical company which offers a portfolio of products and services, including Active Pharmaceutical Ingredients (APIs), Custom Pharmaceutical services (CPS), generics, biosimilars and differentiated formulations.
- Market Cap ₹ 1,04,001 Cr.
- Current Price ₹ 1,246
- High / Low ₹ 1,421 / 1,094
- Stock P/E 19.5
- Book Value ₹ 369
- Dividend Yield 0.64 %
- ROCE 26.5 %
- ROE 21.4 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 24.4% CAGR over last 5 years
Cons
* 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
Part of Nifty 50 BSE 500 BSE Healthcare BSE 100 BSE 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
11,833 | 13,415 | 15,023 | 15,568 | 14,196 | 14,281 | 15,448 | 17,517 | 19,048 | 21,545 | 24,670 | 28,011 | 30,085 | |
9,164 | 10,164 | 11,515 | 11,983 | 11,724 | 11,930 | 12,270 | 15,040 | 15,173 | 17,778 | 18,200 | 20,078 | 22,024 | |
Operating Profit | 2,669 | 3,251 | 3,508 | 3,585 | 2,472 | 2,351 | 3,178 | 2,477 | 3,874 | 3,768 | 6,470 | 7,933 | 8,061 |
OPM % | 23% | 24% | 23% | 23% | 17% | 16% | 21% | 14% | 20% | 17% | 26% | 28% | 27% |
146 | 170 | 260 | 295 | 172 | 155 | 381 | 670 | 335 | 555 | 971 | 909 | 927 | |
Interest | 100 | 127 | 108 | 83 | 63 | 79 | 89 | 98 | 97 | 96 | 143 | 171 | 234 |
Depreciation | 550 | 648 | 760 | 939 | 1,027 | 1,077 | 1,135 | 1,163 | 1,229 | 1,165 | 1,250 | 1,470 | 1,519 |
Profit before tax | 2,165 | 2,646 | 2,900 | 2,859 | 1,554 | 1,350 | 2,336 | 1,886 | 2,884 | 3,061 | 6,048 | 7,201 | 7,234 |
Tax % | 29% | 26% | 19% | 26% | 19% | 32% | 17% | -7% | 32% | 29% | 25% | 23% | |
1,527 | 1,963 | 2,336 | 2,131 | 1,292 | 947 | 1,950 | 2,026 | 1,952 | 2,182 | 4,507 | 5,578 | 5,425 | |
EPS in Rs | 17.98 | 23.08 | 27.43 | 24.98 | 15.59 | 11.41 | 23.49 | 24.38 | 23.47 | 26.23 | 54.14 | 66.87 | 64.00 |
Dividend Payout % | 17% | 16% | 15% | 16% | 26% | 35% | 17% | 21% | 21% | 23% | 15% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 13% |
3 Years: | 14% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 24% |
3 Years: | 41% |
TTM: | 5% |
Stock Price CAGR | |
---|---|
10 Years: | 7% |
5 Years: | 17% |
3 Years: | 10% |
1 Year: | 12% |
Return on Equity | |
---|---|
10 Years: | 16% |
5 Years: | 17% |
3 Years: | 19% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 85 | 85 | 85 | 85 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 | 83 |
Reserves | 6,284 | 7,780 | 9,768 | 12,484 | 12,179 | 12,489 | 13,941 | 15,516 | 17,558 | 19,129 | 23,203 | 28,171 | 30,666 |
3,682 | 4,477 | 4,314 | 3,352 | 4,918 | 5,071 | 3,838 | 2,210 | 3,031 | 3,384 | 1,347 | 2,002 | 4,854 | |
3,329 | 3,563 | 4,290 | 4,408 | 4,474 | 4,706 | 4,557 | 5,414 | 5,915 | 7,149 | 7,576 | 8,523 | 11,125 | |
Total Liabilities | 13,380 | 15,906 | 18,457 | 20,330 | 21,654 | 22,349 | 22,418 | 23,223 | 26,588 | 29,746 | 32,209 | 38,780 | 46,728 |
4,051 | 4,641 | 5,377 | 6,563 | 6,931 | 6,968 | 7,191 | 6,850 | 8,206 | 8,122 | 9,219 | 10,426 | 17,254 | |
CWIP | 565 | 639 | 529 | 772 | 3,324 | 3,470 | 2,934 | 1,535 | 1,565 | 1,293 | 1,030 | 1,419 | 1,852 |
Investments | 197 | 1,067 | 2,248 | 3,833 | 2,110 | 2,298 | 2,587 | 2,678 | 2,212 | 2,616 | 4,986 | 4,930 | 3,663 |
8,567 | 9,559 | 10,303 | 9,162 | 9,290 | 9,612 | 9,707 | 12,160 | 14,605 | 17,715 | 16,974 | 22,004 | 23,960 | |
Total Assets | 13,380 | 15,906 | 18,457 | 20,330 | 21,654 | 22,349 | 22,418 | 23,223 | 26,588 | 29,746 | 32,209 | 38,780 | 46,728 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,378 | 1,970 | 2,524 | 3,263 | 2,144 | 1,803 | 2,870 | 2,984 | 3,570 | 2,811 | 5,888 | 4,543 | |
-1,437 | -1,604 | -2,370 | -1,610 | -1,890 | -1,483 | -769 | -495 | -2,255 | -2,565 | -4,109 | -4,034 | |
-157 | -24 | -433 | -1,700 | -369 | -444 | -2,133 | -2,516 | -30 | -242 | -2,686 | -376 | |
Net Cash Flow | -216 | 342 | -280 | -47 | -114 | -124 | -31 | -27 | 1,286 | 3 | -907 | 133 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 98 | 90 | 100 | 97 | 98 | 104 | 94 | 105 | 95 | 113 | 107 | 105 |
Inventory Days | 229 | 271 | 248 | 248 | 282 | 263 | 273 | 230 | 273 | 250 | 232 | 283 |
Days Payable | 102 | 100 | 84 | 88 | 104 | 121 | 111 | 100 | 109 | 111 | 108 | 116 |
Cash Conversion Cycle | 225 | 261 | 264 | 257 | 275 | 246 | 256 | 235 | 259 | 252 | 231 | 271 |
Working Capital Days | 79 | 88 | 79 | 87 | 98 | 104 | 93 | 93 | 103 | 108 | 102 | 137 |
ROCE % | 25% | 25% | 22% | 19% | 9% | 8% | 13% | 11% | 16% | 14% | 27% | 27% |
Documents
Announcements
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Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
2d - Issuance of Letter of Confirmation for lost shares.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
6 Dec - Dr. Reddy's subsidiary fined EUR 280 by Ukraine tax service.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
5 Dec - Penalty of KZT 17.6 Mn imposed for tax disallowance.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Dec - Schedule of analyst/investor meetings announced.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
1 Dec - Allotment of shares on exercise of Employee Stock Options
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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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]