Gland Pharma Ltd
Established in Hyderabad, India in 1978, Gland Pharma has grown over the years from a contract manufacturer of small volume liquid parenteral products, to become one of the largest and fastest growing injectable-focused companies, with a global footprint across 60 countries, including the United States, Europe, Canada, Australia, India and other markets. We operate primarily under a business to business (B2B) model and have an excellent track record in the development, manufacturing and marketing of complex injectables. This presence across the value chain has helped us witness exponential growth. We are promoted by Shanghai Fosun Pharma, a global pharmaceutical major.
- Market Cap ₹ 28,637 Cr.
- Current Price ₹ 1,739
- High / Low ₹ 2,196 / 861
- Stock P/E 34.3
- Book Value ₹ 510
- Dividend Yield 0.00 %
- ROCE 14.7 %
- ROE 10.8 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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 - Formulations
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
527 | 755 | 991 | 994 | 1,348 | 1,479 | 1,620 | 2,044 | 2,633 | 3,463 | 4,401 | 3,617 | 3,778 | |
394 | 519 | 630 | 678 | 845 | 854 | 1,085 | 1,338 | 1,678 | 2,161 | 2,890 | 2,598 | 2,633 | |
Operating Profit | 133 | 236 | 361 | 316 | 502 | 625 | 535 | 706 | 955 | 1,302 | 1,511 | 1,019 | 1,145 |
OPM % | 25% | 31% | 36% | 32% | 37% | 42% | 33% | 35% | 36% | 38% | 34% | 28% | 30% |
14 | 5 | 9 | 30 | 37 | 34 | 49 | 66 | 139 | 135 | 224 | 184 | 102 | |
Interest | 3 | 13 | 13 | 17 | 16 | 6 | 4 | 4 | 7 | 3 | 5 | 7 | 5 |
Depreciation | 11 | 15 | 28 | 57 | 63 | 74 | 78 | 82 | 95 | 99 | 110 | 147 | 157 |
Profit before tax | 133 | 213 | 327 | 272 | 459 | 578 | 502 | 686 | 993 | 1,335 | 1,619 | 1,048 | 1,085 |
Tax % | 24% | 26% | 32% | 23% | 32% | 28% | 36% | 34% | 22% | 25% | 25% | 26% | |
101 | 158 | 224 | 209 | 314 | 414 | 321 | 452 | 773 | 997 | 1,212 | 776 | 801 | |
EPS in Rs | 86.09 | 134.45 | 190.40 | 133.53 | 202.40 | 267.01 | 207.24 | 291.65 | 49.88 | 60.94 | 73.78 | 47.11 | 48.65 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 17% |
5 Years: | 17% |
3 Years: | 11% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 2% |
TTM: | -15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -13% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 16% |
Last Year: | 11% |
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 | 12 | 12 | 12 | 16 | 15 | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 16 |
Reserves | 440 | 598 | 822 | 1,379 | 1,662 | 2,074 | 2,395 | 2,847 | 3,631 | 5,887 | 7,142 | 7,937 | 8,382 |
84 | 123 | 176 | 166 | 117 | 6 | 6 | 5 | 5 | 5 | 5 | 4 | 4 | |
182 | 187 | 277 | 197 | 292 | 378 | 512 | 655 | 435 | 588 | 671 | 815 | 693 | |
Total Liabilities | 718 | 920 | 1,287 | 1,758 | 2,086 | 2,474 | 2,928 | 3,523 | 4,086 | 6,496 | 7,834 | 8,773 | 9,095 |
206 | 309 | 460 | 649 | 788 | 872 | 843 | 929 | 968 | 954 | 1,502 | 1,571 | 1,550 | |
CWIP | 143 | 202 | 208 | 192 | 202 | 161 | 199 | 123 | 188 | 338 | 191 | 177 | 243 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 163 | 8 | 1,891 |
369 | 409 | 619 | 917 | 1,096 | 1,441 | 1,887 | 2,471 | 2,929 | 5,203 | 5,978 | 7,017 | 5,410 | |
Total Assets | 718 | 920 | 1,287 | 1,758 | 2,086 | 2,474 | 2,928 | 3,523 | 4,086 | 6,496 | 7,834 | 8,773 | 9,095 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
220 | 476 | 202 | 185 | 701 | 605 | 791 | 368 | |||||
-12 | -100 | -359 | -319 | -761 | -1,521 | -1,007 | 1,211 | |||||
-93 | -116 | -4 | -3 | -7 | 1,238 | 35 | 15 | |||||
Net Cash Flow | 115 | 260 | -160 | -136 | -67 | 322 | -181 | 1,594 |
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 | 64 | 62 | 62 | 62 | 95 | 103 | 107 | 90 | 83 | 71 | 89 | 87 |
Inventory Days | 230 | 169 | 229 | 283 | 248 | 271 | 283 | 388 | 250 | 312 | 205 | 421 |
Days Payable | 68 | 57 | 74 | 58 | 60 | 136 | 161 | 190 | 82 | 97 | 80 | 128 |
Cash Conversion Cycle | 225 | 174 | 217 | 288 | 283 | 239 | 229 | 289 | 251 | 286 | 214 | 381 |
Working Capital Days | 84 | 70 | 100 | 141 | 155 | 154 | 185 | 191 | 161 | 169 | 168 | 241 |
ROCE % | 29% | 36% | 39% | 22% | 28% | 30% | 22% | 27% | 30% | 28% | 25% | 15% |
Documents
Announcements
- PCS Certificate U/R 40(9) For The Year Ended 31.03.2024 17 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 13 Apr
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 13 Apr
- Compliance Certificate U/R 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended 31.03.2024 10 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT REC
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Nov 2022Transcript PPT
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Oct 2022TranscriptNotesPPT
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Nov 2021Transcript PPT
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Sep 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
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May 2021Transcript PPT
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Feb 2021TranscriptPPT
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Dec 2020TranscriptPPT
Revenue breakup
Gland Pharma is primarily a contract manufacturer of injectables, with B2B segment generating ~95% of revenues in FY22 [1]