Glenmark Pharmaceuticals Ltd

Glenmark Pharmaceuticals is a global pharmaceutical company. The Company is engaged in the development of new chemical entities (NCEs) and new biological entities (NBEs).

  • Market Cap: 13,169 Cr.
  • Current Price: 466.60
  • 52 weeks High / Low 573.05 / 161.65
  • Book Value: 215.14
  • Stock P/E: 17.48
  • Dividend Yield: 0.43 %
  • ROCE: 14.78 %
  • ROE: 15.20 %
  • Sales Growth (3Yrs): 9.27 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 1.00
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Pros:
Cons:
The company has delivered a poor growth of 10.44% over past five years.
Company might be capitalizing the interest cost

Peer comparison Sector: Pharmaceuticals // Industry: Pharmaceuticals - Indian - Bulk Drugs & Formln

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
2,363 2,257 2,204 2,280 2,166 2,581 2,555 2,563 2,323 2,815 2,736 2,767
1,786 1,868 1,881 1,953 1,819 2,141 2,120 2,199 1,981 2,365 2,295 2,302
Operating Profit 577 388 323 327 347 440 435 364 342 450 440 466
OPM % 24% 17% 15% 14% 16% 17% 17% 14% 15% 16% 16% 17%
Other Income 15 30 -23 70 138 307 -109 39 2 81 33 77
Interest 71 70 70 74 79 85 89 82 93 90 96 98
Depreciation 78 75 75 74 79 82 83 81 91 94 106 126
Profit before tax 444 273 154 248 327 580 154 240 160 347 271 318
Tax % 25% 22% 32% 39% 29% 29% 24% 33% 32% 26% 30% 31%
Net Profit 333 214 105 152 233 414 116 162 109 256 191 220
EPS in Rs 11.81 7.59 3.71 5.37 8.26 14.67 4.12 5.73 3.87 9.06 6.76 7.81
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,934 2,040 2,412 2,949 4,021 5,012 6,005 6,563 7,562 9,079 9,074 9,865 10,641
1,131 1,702 1,792 2,357 3,306 3,997 4,914 5,348 6,125 7,045 7,457 8,280 8,943
Operating Profit 803 338 620 592 714 1,015 1,091 1,214 1,437 2,035 1,617 1,586 1,698
OPM % 42% 17% 26% 20% 18% 20% 18% 18% 19% 22% 18% 16% 16%
Other Income 51 179 50 144 18 11 11 -180 20 -42 89 375 192
Interest 71 146 166 160 147 160 189 190 179 237 286 335 377
Depreciation 72 103 121 95 98 127 217 300 234 264 302 326 417
Profit before tax 711 269 384 482 488 739 697 544 1,044 1,491 1,119 1,301 1,096
Tax % 11% 28% 14% 5% 5% 15% 22% 61% 29% 26% 28% 29%
Net Profit 632 192 324 453 460 620 542 210 743 1,109 804 925 776
EPS in Rs 25.30 7.58 11.96 16.70 17.02 22.89 19.99 7.31 26.33 39.29 28.49 32.78 27.50
Dividend Payout % 3% 5% 3% 2% 3% 0% 0% 26% 8% 5% 7% 6%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:17.07%
5 Years:10.44%
3 Years:9.27%
TTM:7.86%
Compounded Profit Growth
10 Years:15.62%
5 Years:8.59%
3 Years:3.28%
TTM:-8.11%
Stock Price CAGR
10 Years:5.75%
5 Years:-16.28%
3 Years:-8.87%
1 Year:12.27%
Return on Equity
10 Years:19.82%
5 Years:19.55%
3 Years:19.47%
Last Year:15.20%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
25 25 27 27 27 27 27 27 28 28 28 28 28
Reserves 1,493 1,573 2,328 2,010 2,375 2,736 2,956 1,756 3,601 4,464 5,135 5,577 6,042
Borrowings 991 2,094 1,869 2,108 2,244 2,765 3,267 3,800 3,988 4,724 4,639 4,449 4,486
417 516 603 804 1,087 1,466 2,176 2,726 2,575 2,548 2,793 3,235 4,129
Total Liabilities 2,926 4,209 4,827 4,950 5,733 6,994 8,427 8,309 10,193 11,764 12,595 13,289 14,685
919 1,566 1,787 2,034 2,223 2,822 3,091 2,015 2,594 2,755 3,030 3,670 5,160
CWIP 337 545 601 178 263 6 5 477 543 708 1,122 1,399 1,091
Investments 19 18 18 0 0 0 0 17 17 16 15 30 25
1,651 2,079 2,421 2,738 3,248 4,166 5,331 5,799 7,039 8,285 8,429 8,190 8,410
Total Assets 2,926 4,209 4,827 4,950 5,733 6,994 8,427 8,309 10,193 11,764 12,595 13,289 14,685

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
372 16 352 931 804 648 854 482 345 657 1,648 1,324
-510 -950 -387 -404 -318 -558 -566 -712 -950 -1,001 -1,003 -883
189 849 70 -436 -361 195 -98 199 699 543 -468 -739
Net Cash Flow 51 -85 36 91 125 285 190 -31 93 199 177 -297

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 38% 13% 14% 15% 14% 18% 15% 16% 19% 21% 15% 15%
Debtor Days 152 171 163 140 113 119 131 140 120 97 94 81
Inventory Turnover 1.47 1.33 1.22 1.26 1.62 2.04 2.12 1.80 1.71 1.48 1.52 1.65

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
46.53 46.54 46.54 46.54 46.54 46.54 46.54 46.58 46.58 46.59 46.62 46.62
33.26 31.03 30.75 30.61 30.90 32.27 32.62 31.04 31.37 30.16 28.51 23.40
5.30 6.04 6.62 6.94 7.29 6.93 6.93 7.68 7.43 7.04 6.75 5.53
14.92 16.40 16.10 15.91 15.28 14.26 13.90 14.71 14.62 16.21 18.12 24.44