Hikal Ltd

About [ edit ]

Hikal is engaged in the business of manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients and contract research activities.

  • Market Cap 1,995 Cr.
  • Current Price 162
  • High / Low 205 / 56.9
  • Stock P/E 18.7
  • Book Value 69.4
  • Dividend Yield 0.74 %
  • ROCE 13.5 %
  • ROE 12.1 %
  • Face Value 2.00

Pros

Cons

  • The company has delivered a poor sales growth of 11.57% over past five years.
  • Company has a low return on equity of 12.88% for last 3 years.
  • Dividend payout has been low at 14.88% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
326 395 412 458 403 321 404 379 353 372 463
265 320 333 374 335 263 328 308 300 302 372
Operating Profit 61 75 78 84 69 58 76 71 53 70 91
OPM % 19% 19% 19% 18% 17% 18% 19% 19% 15% 19% 20%
Other Income 1 0 1 0 1 -15 0 2 1 1 1
Interest 16 16 13 13 12 14 13 14 10 8 8
Depreciation 23 24 24 23 20 21 21 21 21 21 22
Profit before tax 23 36 42 48 37 10 42 38 23 41 62
Tax % 32% 31% 30% 31% 31% 34% 33% 35% 34% 34% 35%
Net Profit 16 24 29 33 25 6 28 24 15 27 40
EPS in Rs 1.29 1.98 2.38 2.70 2.05 0.52 2.30 1.98 1.22 2.19 3.27
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
573 539 502 708 660 829 872 926 1,014 1,296 1,590 1,507 1,567
458 360 393 528 476 642 689 745 813 1,054 1,291 1,234 1,283
Operating Profit 115 179 110 180 184 187 182 181 201 242 298 273 284
OPM % 20% 33% 22% 25% 28% 23% 21% 20% 20% 19% 19% 18% 18%
Other Income -24 -62 10 -17 -42 34 2 2 -3 4 2 -12 4
Interest 28 38 44 66 60 68 60 62 48 49 58 52 40
Depreciation 23 36 41 45 49 55 64 67 69 86 93 82 85
Profit before tax 39 43 35 51 33 98 60 53 80 112 149 127 164
Tax % 8% -16% -7% 10% 24% 35% 32% 23% 16% 31% 31% 33%
Net Profit 40 7 37 46 25 64 40 41 68 77 103 84 107
EPS in Rs 3.28 0.59 3.00 3.73 2.04 5.17 3.28 3.34 5.49 6.26 8.36 6.85 8.66
Dividend Payout % 0% 180% 27% 21% 16% 12% 20% 20% 15% 13% 14% 18%
Compounded Sales Growth
10 Years:11%
5 Years:12%
3 Years:14%
TTM:-1%
Compounded Profit Growth
10 Years:3%
5 Years:19%
3 Years:9%
TTM:3%
Stock Price CAGR
10 Years:15%
5 Years:12%
3 Years:1%
1 Year:40%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:13%
Last Year:12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
16 16 16 16 16 16 16 16 16 16 25 25 25
Reserves 348 369 384 414 434 488 516 547 589 653 732 792 831
Borrowings 582 499 536 533 584 546 547 505 598 635 661 646 548
151 166 128 169 157 219 212 206 177 237 268 306 406
Total Liabilities 1,097 1,050 1,065 1,132 1,191 1,270 1,292 1,275 1,379 1,542 1,686 1,768 1,810
564 624 635 639 660 644 639 623 668 634 713 735 732
CWIP 110 36 51 76 49 61 62 66 63 118 79 161 165
Investments 21 3 3 3 3 3 3 3 4 3 1 1 1
402 388 375 414 479 562 588 583 645 788 893 871 912
Total Assets 1,097 1,050 1,065 1,132 1,191 1,270 1,292 1,275 1,379 1,542 1,686 1,768 1,810

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
83 144 108 137 61 154 102 186 163 139 186 285
-161 -101 -75 -54 -28 -23 -43 -64 -102 -110 -125 -164
75 -40 -38 -87 -27 -124 -69 -124 -63 -25 -55 -101
Net Cash Flow -3 3 -5 -4 6 7 -10 -2 -2 4 6 20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 16% 9% 15% 14% 16% 11% 11% 12% 13% 15% 14%
Debtor Days 79 67 64 53 47 39 54 44 92 81 80 82
Inventory Turnover 1.84 1.41 1.51 2.12 1.56 1.66 1.67 1.81 2.15 2.85 2.95 2.68

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
68.77 68.77 68.77 68.77 68.77 68.77 68.77 68.77 68.77 68.77 68.77 68.77
4.08 4.77 4.18 4.17 4.48 4.96 4.61 4.41 4.86 5.41 4.55 4.91
4.45 2.34 1.95 1.78 2.27 2.33 2.45 2.39 2.25 2.39 1.92 0.68
22.70 24.12 25.10 25.28 24.48 23.95 24.17 24.43 24.12 23.43 24.76 25.64

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