Indoco Remedies Ltd

₹ 367 -0.39%
24 Jun - close price
About

Indoco Remedies (Indoco) is a Mumbai-based pharmaceutical company that focuses on formulations with a presence in contract manufacturing and research. The Company is engaged in the manufacturing and marketing of pharmaceutical Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs).[1]

  • Market Cap 3,381 Cr.
  • Current Price 367
  • High / Low 530 / 321
  • Stock P/E 21.9
  • Book Value 98.1
  • Dividend Yield 0.41 %
  • ROCE 22.9 %
  • ROE 18.5 %
  • Face Value 2.00

Pros

Cons

  • Company has a low return on equity of 12.17% for last 3 years.
  • Company might be capitalizing the interest cost

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
253 292 289 272 276 328 332 305 386 387 358 409
230 260 254 239 227 267 272 250 300 300 284 328
Operating Profit 23 32 35 33 49 60 60 55 87 86 73 80
OPM % 9% 11% 12% 12% 18% 18% 18% 18% 22% 22% 21% 20%
1 1 1 0 0 1 0 2 1 1 0 0
Interest 6 5 7 8 6 6 6 5 4 3 4 3
Depreciation 17 18 18 18 19 19 17 19 22 19 19 18
Profit before tax 0 9 11 8 24 36 37 33 61 65 51 60
Tax % -679% 21% 17% 31% 29% 31% 33% 26% 35% 36% 35% 32%
Net Profit 2 7 9 5 17 25 25 25 40 42 33 40
EPS in Rs 0.24 0.80 1.01 0.59 1.87 2.72 2.73 2.70 4.30 4.51 3.58 4.38

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
480 568 629 726 851 1,005 1,072 1,038 968 1,106 1,240 1,540
412 483 536 606 686 834 915 903 891 982 1,016 1,213
Operating Profit 68 85 93 120 165 171 157 135 77 124 224 327
OPM % 14% 15% 15% 17% 19% 17% 15% 13% 8% 11% 18% 21%
6 2 1 2 2 1 4 5 6 2 3 2
Interest 4 16 22 19 10 12 6 24 21 26 22 14
Depreciation 13 19 24 31 47 61 63 68 72 71 73 79
Profit before tax 57 51 48 72 109 99 91 48 -9 29 131 236
Tax % 10% 10% 12% 20% 24% 17% 15% 15% 69% 16% 30% 35%
Net Profit 51 46 43 58 83 82 77 41 -3 24 92 155
EPS in Rs 5.56 5.04 4.63 6.28 8.99 8.93 8.41 4.47 -0.31 2.63 10.03 16.77
Dividend Payout % 19% 15% 24% 22% 18% 18% 19% 22% -97% 11% 15% 13%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 17%
TTM: 24%
Compounded Profit Growth
10 Years: 13%
5 Years: 15%
3 Years: 293%
TTM: 67%
Stock Price CAGR
10 Years: 21%
5 Years: 15%
3 Years: 31%
1 Year: -6%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 12%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
12 12 18 18 18 18 18 18 18 18 18 18
Reserves 338 368 396 439 500 558 633 657 643 662 750 886
99 114 118 91 94 139 280 282 296 262 258 257
114 157 157 178 229 224 266 280 301 330 289 327
Total Liabilities 563 652 689 726 842 939 1,197 1,238 1,258 1,272 1,317 1,488
213 302 321 325 339 373 440 489 468 590 570 624
CWIP 53 33 38 44 63 55 91 136 185 51 68 53
Investments 0 0 0 0 1 18 3 3 2 2 2 2
298 317 330 356 439 493 664 611 603 630 676 809
Total Assets 563 652 689 726 842 939 1,197 1,238 1,258 1,272 1,317 1,488

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
38 59 69 100 110 112 88 123 132 123 82 174
-77 -64 -43 -41 -88 -113 -171 -135 -104 -56 -67 -121
24 -7 -26 -58 -21 0 132 -39 -16 -64 -30 -44
Net Cash Flow -15 -12 -0 1 1 -0 50 -51 12 3 -14 8

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 70 73 74 69 66 68 73 73 73 69 69 70
Inventory Days 141 152 129 147 179 173 188 204 209 230 245 248
Days Payable 82 111 87 87 137 129 159 158 195 184 119 108
Cash Conversion Cycle 129 114 116 129 107 111 102 119 88 115 195 210
Working Capital Days 79 71 74 73 77 79 80 77 64 56 93 113
ROCE % 15% 14% 14% 17% 21% 17% 12% 7% 1% 6% 16% 23%

Shareholding Pattern

Numbers in percentages

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
58.68 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69 58.69
2.10 2.06 2.02 1.97 2.00 2.22 2.88 2.66 2.29 2.43 1.62 1.15
15.19 14.79 15.18 15.56 14.54 14.67 17.11 19.26 19.28 17.69 17.78 18.27
24.04 24.46 24.11 23.78 24.77 24.42 21.32 19.39 19.74 21.19 21.91 21.89

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