Hikal Ltd

Hikal Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Hikal Ltd

₹ 430 -0.08%
12 Dec 9:00 a.m.
hikal.com BSE: 524735 NSE: HIKAL
About

Hikal is a partner to companies in the Pharmaceuticals, Crop Protection, and Specialty Chemicals industry. The company is in the business of supplying research services, active ingredients and intermediates for its customers. Hikal's manufacturing facilities have been inspected and approved by leading multinational companies in the Crop protection and Pharmaceutical sectors. The Crop protection facilities are located at Taloja and Mahad {Maharashtra). The Pharmaceutical manufacturing facilities are situated in Jigani (Bengaluru) and Panoli (Gujarat). Hikal's R & D facilities are located in Pune.[1]

Key Points

Business Segments
1. Pharmaceuticals [1]: Active pharmaceutical ingredients (APIs), custom manufacturing, intermediates and advanced intermediates.
2. Crop Protection: Active ingredients, advanced intermediates, intermediates. Custom Synthesis and Contract Manufacturing of Agrochemicals, Intermediates and Specialty Chemicals.
3. Research & Technology:** Process development, new product development, contract and custom development. It caters to the following Industries: Pharmaceutical (Generics & Custom Manufacturing), Biotech, Animal Healthcare, Crop Protection, Specialty Chemicals and Biocides, and Food. [2] [3]

Website BSE NSE
  • Market Cap ₹ 5,302 Cr.
  • Current Price ₹ 430
  • High / Low ₹ 465 / 260
  • Stock P/E 72.2
  • Book Value ₹ 97.6
  • Dividend Yield 0.28 %
  • ROCE 7.79 %
  • ROE 5.97 %
  • Face Value ₹ 2.00
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Pros

  • Company has been maintaining a healthy dividend payout of 17.5%

Cons

  • Stock is trading at 4.39 times its book value
  • The company has delivered a poor sales growth of 2.34% over past five years.
  • Company has a low return on equity of 9.43% over last 3 years.
  • Company might be capitalizing the interest cost
  • Debtor days have increased from 91.5 to 113 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 - Bulk Drugs

Part of BSE SmallCap BSE Healthcare BSE Allcap Nifty Total Market Nifty Microcap 250

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
469 515 502 379 559 540 545 388 435 448 514 407 453
378 422 441 356 489 466 457 338 377 383 420 349 378
Operating Profit 91 93 61 23 70 75 88 50 58 65 94 58 75
OPM % 19% 18% 12% 6% 12% 14% 16% 13% 13% 14% 18% 14% 17%
1 1 0 3 1 3 0 1 1 0 0 0 0
Interest 8 7 8 11 11 13 13 14 13 14 15 20 19
Depreciation 24 25 24 26 27 28 27 28 29 29 32 32 32
Profit before tax 60 62 29 -12 33 36 49 10 17 22 47 7 25
Tax % 26% 27% 28% -25% 24% 26% 26% 29% 25% 25% 28% 26% 26%
44 45 21 -9 25 26 36 7 13 16 34 5 18
EPS in Rs 3.57 3.67 1.68 -0.72 2.01 2.14 2.92 0.56 1.02 1.31 2.75 0.41 1.48
Raw PDF

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
660 829 872 926 1,014 1,296 1,590 1,507 1,720 1,943 2,023 1,785 1,821
476 642 689 745 813 1,054 1,291 1,234 1,398 1,602 1,765 1,518 1,529
Operating Profit 184 187 182 181 201 242 298 273 323 341 258 267 292
OPM % 28% 23% 21% 20% 20% 19% 19% 18% 19% 18% 13% 15% 16%
-42 34 2 2 -3 4 2 -12 5 5 5 2 1
Interest 60 68 60 62 48 49 58 52 36 31 48 56 68
Depreciation 49 55 64 67 69 86 93 82 85 96 109 118 125
Profit before tax 33 98 60 53 80 112 149 127 206 219 105 96 101
Tax % 24% 35% 32% 23% 16% 31% 31% 33% 36% 27% 26% 27%
25 64 40 41 68 77 103 84 133 160 78 70 73
EPS in Rs 2.04 5.17 3.28 3.34 5.49 6.26 8.36 6.85 10.80 13.02 6.36 5.64 5.95
Dividend Payout % 16% 12% 20% 20% 15% 13% 14% 18% 19% 12% 19% 21%
Compounded Sales Growth
10 Years: 8%
5 Years: 2%
3 Years: 1%
TTM: -5%
Compounded Profit Growth
10 Years: 1%
5 Years: -8%
3 Years: -20%
TTM: -10%
Stock Price CAGR
10 Years: 15%
5 Years: 32%
3 Years: -7%
1 Year: 50%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 9%
Last Year: 6%

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 16 16 16 16 16 16 25 25 25 25 25 25 25
Reserves 434 488 516 547 589 653 732 792 909 1,043 1,109 1,163 1,179
584 546 547 505 598 635 661 646 610 675 748 818 775
157 219 212 206 177 237 268 306 370 470 504 482 482
Total Liabilities 1,191 1,270 1,292 1,275 1,379 1,542 1,686 1,768 1,913 2,213 2,385 2,487 2,460
660 644 639 623 668 634 713 735 713 879 948 1,071 1,038
CWIP 49 61 62 66 63 118 79 161 254 295 412 414 438
Investments 3 3 3 3 4 3 1 1 1 11 5 5 17
479 562 588 583 645 788 893 871 946 1,028 1,020 997 967
Total Assets 1,191 1,270 1,292 1,275 1,379 1,542 1,686 1,768 1,913 2,213 2,385 2,487 2,460

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
61 154 102 186 163 139 186 285 229 294 315 187
-28 -23 -43 -64 -102 -110 -125 -164 -156 -284 -292 -174
-27 -124 -69 -124 -63 -25 -55 -101 -97 -6 -8 -27
Net Cash Flow 6 7 -10 -2 -2 4 6 20 -24 4 15 -14

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 47 39 54 44 92 81 80 82 103 82 80 113
Inventory Days 359 302 268 229 189 158 156 147 107 121 104 134
Days Payable 158 127 117 101 93 86 68 95 92 91 103 123
Cash Conversion Cycle 248 214 205 173 188 153 168 135 118 112 81 124
Working Capital Days 84 95 84 97 126 107 114 90 113 98 86 119
ROCE % 14% 16% 11% 11% 12% 13% 15% 14% 16% 15% 8% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
68.77% 68.77% 68.77% 68.77% 68.82% 68.85% 68.85% 68.85% 68.85% 68.85% 68.85% 68.85%
6.91% 6.92% 3.91% 4.27% 4.40% 4.56% 4.57% 4.81% 6.14% 6.55% 6.66% 6.78%
0.39% 0.89% 0.89% 1.37% 1.57% 2.18% 2.78% 3.11% 3.15% 3.53% 3.17% 3.58%
23.93% 23.42% 26.43% 25.58% 25.20% 24.40% 23.79% 23.22% 21.85% 21.06% 21.32% 20.79%
No. of Shareholders 72,45075,34179,10578,50075,78075,16775,11076,12674,65771,84070,97871,912

* 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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