Hester Biosciences Ltd
Hester Biosciences Ltd is one of the leading animal health care companies & the second largest poultry vaccine manufacturer in India. Founded by Mr. Rajiv Gandhi in 1987, it has now a presence in over 30 countries & has a key market in India, Nepal & Tanzania. It has partnered with Bill & Melinda Gates Foundation, GALVmed, Golchha Organisation, Novapharma, etc. While operating across four broad verticals of Poultry Vaccines, Poultry Health Products, Animal Vaccines and Animal Health Products, the company provides services like seroprofiling kits and diagnostic labs for poultry flocks, and mastitis control programs for cattle.[1]
- Market Cap ₹ 1,438 Cr.
- Current Price ₹ 1,684
- High / Low ₹ 1,940 / 1,293
- Stock P/E 55.3
- Book Value ₹ 351
- Dividend Yield 0.47 %
- ROCE 11.9 %
- ROE 11.5 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 21.3%
Cons
- Debtor days have increased from 97.6 to 118 days.
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
48 | 65 | 69 | 90 | 101 | 123 | 135 | 171 | 169 | 208 | 219 | 254 | 273 | |
29 | 42 | 43 | 64 | 67 | 82 | 85 | 103 | 117 | 136 | 159 | 199 | 227 | |
Operating Profit | 19 | 22 | 25 | 26 | 34 | 41 | 50 | 68 | 53 | 72 | 61 | 55 | 46 |
OPM % | 39% | 35% | 37% | 29% | 34% | 33% | 37% | 40% | 31% | 35% | 28% | 22% | 17% |
0 | 0 | 1 | 3 | 1 | 1 | 2 | 3 | 3 | -4 | 5 | 5 | 4 | |
Interest | 3 | 3 | 6 | 4 | 4 | 3 | 2 | 4 | 5 | 4 | 2 | 6 | 4 |
Depreciation | 4 | 4 | 5 | 5 | 6 | 6 | 5 | 8 | 9 | 10 | 10 | 10 | 10 |
Profit before tax | 12 | 15 | 14 | 19 | 25 | 33 | 44 | 60 | 41 | 55 | 53 | 44 | 35 |
Tax % | 36% | 36% | 29% | 26% | 23% | 25% | 30% | 27% | 24% | 27% | 26% | 26% | |
8 | 10 | 10 | 14 | 19 | 25 | 31 | 44 | 31 | 40 | 40 | 32 | 26 | |
EPS in Rs | 9.16 | 11.39 | 11.86 | 16.45 | 22.59 | 29.32 | 35.92 | 51.55 | 36.70 | 46.90 | 46.46 | 38.02 | 30.56 |
Dividend Payout % | 7% | 18% | 17% | 19% | 18% | 18% | 28% | 21% | 18% | 21% | 22% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 14% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 1% |
3 Years: | 2% |
TTM: | -16% |
Stock Price CAGR | |
---|---|
10 Years: | 33% |
5 Years: | 3% |
3 Years: | -8% |
1 Year: | -5% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 17% |
3 Years: | 15% |
Last Year: | 12% |
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 | 6 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 |
Reserves | 54 | 59 | 67 | 76 | 92 | 114 | 138 | 171 | 195 | 229 | 260 | 284 | 290 |
16 | 24 | 35 | 39 | 39 | 39 | 43 | 38 | 48 | 16 | 122 | 164 | 162 | |
16 | 23 | 17 | 17 | 20 | 17 | 22 | 23 | 26 | 29 | 34 | 89 | 103 | |
Total Liabilities | 92 | 115 | 129 | 140 | 159 | 178 | 210 | 240 | 277 | 282 | 424 | 546 | 564 |
37 | 35 | 51 | 57 | 62 | 61 | 67 | 101 | 96 | 87 | 84 | 108 | 107 | |
CWIP | 6 | 24 | 13 | 14 | 10 | 21 | 30 | 0 | 1 | 4 | 82 | 149 | 162 |
Investments | 2 | 3 | 4 | 9 | 9 | 9 | 14 | 28 | 41 | 44 | 65 | 65 | 65 |
47 | 53 | 61 | 61 | 78 | 88 | 99 | 111 | 139 | 148 | 194 | 224 | 231 | |
Total Assets | 92 | 115 | 129 | 140 | 159 | 178 | 210 | 240 | 277 | 282 | 424 | 546 | 564 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 13 | 11 | 20 | 19 | 28 | 32 | 36 | 26 | 41 | 16 | 33 | |
-7 | -18 | -14 | -12 | -6 | -15 | -26 | -25 | -21 | -4 | -111 | -72 | |
-5 | 4 | 3 | -5 | -12 | -6 | -6 | -20 | -1 | -41 | 95 | 41 | |
Net Cash Flow | 0 | -0 | -0 | 3 | 1 | 6 | -0 | -9 | 3 | -4 | 0 | 3 |
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 | 109 | 85 | 75 | 72 | 95 | 79 | 86 | 70 | 96 | 80 | 95 | 118 |
Inventory Days | 1,350 | 736 | 1,145 | 431 | 627 | 356 | 493 | 511 | 754 | 390 | 404 | 362 |
Days Payable | 196 | 134 | 143 | 68 | 109 | 80 | 100 | 85 | 170 | 96 | 63 | 131 |
Cash Conversion Cycle | 1,263 | 686 | 1,076 | 434 | 614 | 355 | 480 | 496 | 681 | 374 | 436 | 349 |
Working Capital Days | 204 | 137 | 195 | 137 | 165 | 139 | 160 | 167 | 197 | 205 | 230 | 222 |
ROCE % | 21% | 22% | 20% | 18% | 22% | 24% | 26% | 31% | 20% | 25% | 17% | 12% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
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Compliance Certificate Under Reg. 40(9) Of Listing Regulations
9 Apr - Compliance Certificate Under Regulation 40 (10) of SEBI (LODR) Regulations, 2015 (Revised)
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Compliance Certificate Under Reg. 40 (9)
8 Apr - Certificate under Regulation 40(9) SEBI (LODR) Regulations, 2015 for the period ended 31 March 2024
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Confirmation Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the period ended 31 March 2024
- Compliance Certificate For The Period Ended March 2024 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2012
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024TranscriptPPTREC
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Nov 2023TranscriptPPTREC
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Nov 2023TranscriptNotesPPTREC
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Aug 2023TranscriptPPT
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Business Segments