Glenmark Pharmaceuticals Ltd

Glenmark Pharma. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Glenmark Pharmaceuticals Ltd

₹ 614 0.75%
02 Jun - close price
glenmarkpharma.com BSE: 532296 NSE : GLENMARK
About

Glenmark Pharmaceuticals Ltd is a global research-led pharmaceutical company with presence across generics, Specialty and OTC business with operations in over 80 countries.[1]

Key Points

Product Offerings[1]
Company offers a wide range of pharma products/ drugs in the form of oral solids, liquids, topical products, respiratory MDI/DPI and complex injectables & biologics. It is primarily focused on therapy areas of dermatology, respiratory and oncology.

Website BSE NSE
  • Market Cap ₹ 17,329 Cr.
  • Current Price ₹ 614
  • High / Low ₹ 630 / 348
  • Stock P/E 34.2
  • Book Value ₹ 336
  • Dividend Yield 0.41 %
  • ROCE 14.6 %
  • ROE 5.46 %
  • Face Value ₹ 1.00
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Pros

Cons

  • The company has delivered a poor sales growth of 7.44% over past five years.
  • Company has a low return on equity of 10.6% over last 3 years.
  • Dividend payout has been low at 12.8% of profits 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2,767 2,345 2,952 2,787 2,860 2,965 3,147 3,173 3,019 2,777 3,375 3,464 3,374
2,302 1,867 2,400 2,257 2,336 2,391 2,557 2,480 2,556 2,346 2,754 2,844 2,769
Operating Profit 466 478 553 530 523 574 590 693 463 432 622 620 605
OPM % 17% 20% 19% 19% 18% 19% 19% 22% 15% 16% 18% 18% 18%
77 86 -29 29 8 59 -13 -164 25 183 97 110 -840
Interest 98 94 81 95 83 76 69 67 87 60 83 97 109
Depreciation 126 113 104 115 111 113 123 119 132 147 156 162 147
Profit before tax 318 358 339 348 338 444 385 343 270 408 480 471 -491
Tax % 31% 29% 31% 29% 31% 31% 29% 30% 36% 48% 42% 38% 18%
Net Profit 220 254 234 248 234 307 275 240 173 211 279 291 -403
EPS in Rs 7.81 9.00 8.29 8.79 8.29 10.86 9.13 7.86 5.51 6.82 9.23 9.66 -15.18
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,021 5,012 6,005 6,563 7,562 9,079 9,074 9,865 10,641 10,944 12,305 12,990
3,306 3,997 4,914 5,348 6,125 7,043 7,457 8,280 8,942 8,860 9,978 10,712
Operating Profit 714 1,015 1,091 1,214 1,437 2,037 1,617 1,586 1,699 2,084 2,327 2,278
OPM % 18% 20% 18% 18% 19% 22% 18% 16% 16% 19% 19% 18%
18 11 11 -180 20 -44 89 375 191 95 -101 -449
Interest 147 160 189 190 179 237 286 335 377 353 298 350
Depreciation 98 127 217 300 234 264 302 326 417 444 487 611
Profit before tax 488 739 697 544 1,044 1,491 1,119 1,301 1,096 1,382 1,441 868
Tax % 5% 15% 22% 61% 29% 26% 28% 29% 29% 30% 31% 57%
Net Profit 464 628 546 209 743 1,109 804 925 776 970 994 377
EPS in Rs 17.02 22.89 19.99 7.72 26.33 39.29 28.49 32.78 27.50 34.38 33.37 10.53
Dividend Payout % 3% 0% 0% 26% 8% 5% 7% 6% 9% 7% 7% 24%
Compounded Sales Growth
10 Years: 10%
5 Years: 7%
3 Years: 7%
TTM: 6%
Compounded Profit Growth
10 Years: -2%
5 Years: -9%
3 Years: -12%
TTM: -54%
Stock Price CAGR
10 Years: 0%
5 Years: 3%
3 Years: 16%
1 Year: 58%
Return on Equity
10 Years: 15%
5 Years: 12%
3 Years: 11%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
27 27 27 27 28 28 28 28 28 28 28 28
Reserves 2,375 2,736 2,956 1,756 3,601 4,464 5,135 5,577 6,042 7,036 9,058 9,446
2,244 2,765 3,267 3,800 3,988 4,724 4,639 4,449 4,869 4,986 3,962 4,627
1,087 1,466 2,176 2,726 2,575 2,548 2,793 3,235 3,729 3,524 4,003 5,271
Total Liabilities 5,733 6,994 8,427 8,309 10,193 11,764 12,595 13,289 14,668 15,575 17,052 19,372
2,223 2,822 3,091 2,015 2,594 2,755 3,030 3,670 5,029 5,129 5,887 6,338
CWIP 263 6 5 477 543 708 1,122 1,399 1,222 1,382 1,010 1,115
Investments 0 0 0 17 17 16 15 30 25 25 50 45
3,248 4,166 5,331 5,799 7,039 8,285 8,429 8,190 8,393 9,040 10,105 11,873
Total Assets 5,733 6,994 8,427 8,309 10,193 11,764 12,595 13,289 14,668 15,575 17,052 19,372

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
804 648 854 482 345 657 1,648 1,324 1,392 1,131 1,109
-318 -558 -566 -712 -950 -1,001 -1,003 -883 -774 -662 -316
-361 195 -98 199 699 543 -468 -739 -445 -442 -520
Net Cash Flow 125 285 190 -31 93 199 177 -297 174 28 272

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 113 119 131 140 120 97 94 81 83 86 92 115
Inventory Days 223 194 191 247 249 299 244 244 211 230 212 240
Days Payable 220 239 279 379 308 243 225 241 210 226 194 192
Cash Conversion Cycle 116 75 43 8 61 152 113 85 84 90 110 162
Working Capital Days 150 94 83 66 89 133 111 76 69 96 100 111
ROCE % 14% 18% 15% 16% 19% 21% 15% 15% 14% 15% 16% 15%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
46.62 46.63 46.63 46.63 46.63 46.65 46.65 46.65 46.65 46.65 46.65 46.65
23.40 25.79 26.48 25.84 26.82 25.93 24.18 24.12 24.23 23.14 23.19 22.47
5.53 4.46 9.43 9.16 9.73 9.03 10.86 10.96 10.50 10.90 10.69 10.40
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.04 0.04
24.44 23.13 17.46 18.38 16.82 18.40 18.31 18.27 18.63 19.27 19.45 20.46

* 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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