Ind-Swift Laboratories Ltd
Incorporated in 1995, Ind-Swift Laboratories Ltd is engaged in the manufacturing of Active Pharmaceutical Ingredients(APIs), and Advanced Intermediates, and providing Contract Research and Manufacturing Services (CRAMS). [1]
- Market Cap ₹ 701 Cr.
- Current Price ₹ 119
- High / Low ₹ 138 / 63.0
- Stock P/E 28.0
- Book Value ₹ 122
- Dividend Yield 0.00 %
- ROCE 12.8 %
- ROE 8.54 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.97 times its book value
- Company has delivered good profit growth of 24.3% CAGR over last 5 years
Cons
- Company has a low return on equity of 2.53% over last 3 years.
- Promoters have pledged 86.8% of their holding.
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,321 | 1,081 | 941 | 646 | 639 | 694 | 731 | 724 | 752 | 857 | 988 | 1,152 | 1,136 | |
1,145 | 1,011 | 882 | 557 | 532 | 589 | 604 | 599 | 610 | 676 | 788 | 930 | 902 | |
Operating Profit | 176 | 70 | 59 | 89 | 107 | 105 | 127 | 125 | 142 | 180 | 200 | 222 | 234 |
OPM % | 13% | 7% | 6% | 14% | 17% | 15% | 17% | 17% | 19% | 21% | 20% | 19% | 21% |
32 | 4 | -19 | -31 | 1 | 15 | 16 | 130 | 36 | 23 | 34 | 7 | 3 | |
Interest | 85 | 140 | 117 | 117 | 106 | 88 | 28 | 92 | 107 | 100 | 96 | 92 | 84 |
Depreciation | 40 | 54 | 66 | 84 | 85 | 88 | 87 | 104 | 90 | 87 | 131 | 57 | 50 |
Profit before tax | 83 | -120 | -143 | -143 | -83 | -56 | 29 | 59 | -20 | 16 | 8 | 79 | 103 |
Tax % | -4% | 1% | 14% | 17% | 29% | 29% | 38% | 35% | -6% | 127% | 171% | 46% | |
86 | -119 | -123 | -119 | -59 | -40 | 18 | 39 | -21 | -4 | -6 | 42 | 38 | |
EPS in Rs | 22.78 | -30.30 | -29.96 | -29.09 | -14.37 | -8.88 | 3.89 | 8.11 | -3.52 | -0.74 | -0.97 | 7.19 | 6.41 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 1% |
5 Years: | 10% |
3 Years: | 15% |
TTM: | 0% |
Compounded Profit Growth | |
---|---|
10 Years: | 10% |
5 Years: | 24% |
3 Years: | 67% |
TTM: | 146% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 26% |
3 Years: | 16% |
1 Year: | 80% |
Return on Equity | |
---|---|
10 Years: | -4% |
5 Years: | 0% |
3 Years: | 3% |
Last Year: | 9% |
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 | 38 | 39 | 41 | 42 | 42 | 45 | 46 | 48 | 60 | 60 | 60 | 60 | 60 |
Reserves | 783 | 813 | 682 | 551 | 473 | 480 | 497 | 542 | 585 | 579 | 573 | 616 | 662 |
1,013 | 1,240 | 1,355 | 1,413 | 1,457 | 1,242 | 1,083 | 1,148 | 1,031 | 996 | 944 | 854 | 793 | |
371 | 272 | 252 | 233 | 238 | 353 | 371 | 174 | 184 | 182 | 226 | 259 | 237 | |
Total Liabilities | 2,205 | 2,364 | 2,330 | 2,238 | 2,210 | 2,121 | 1,997 | 1,913 | 1,860 | 1,817 | 1,803 | 1,788 | 1,752 |
909 | 1,169 | 1,173 | 1,114 | 1,095 | 1,042 | 934 | 913 | 843 | 752 | 630 | 587 | 570 | |
CWIP | 294 | 161 | 78 | 115 | 82 | 70 | 69 | 20 | 11 | 19 | 10 | 8 | 8 |
Investments | 29 | 27 | 27 | 26 | 26 | 26 | 26 | 26 | 26 | 55 | 111 | 85 | 85 |
973 | 1,006 | 1,052 | 983 | 1,007 | 982 | 968 | 953 | 979 | 991 | 1,052 | 1,108 | 1,089 | |
Total Assets | 2,205 | 2,364 | 2,330 | 2,238 | 2,210 | 2,121 | 1,997 | 1,913 | 1,860 | 1,817 | 1,803 | 1,788 | 1,752 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76 | -46 | 0 | 100 | 80 | 93 | 71 | -75 | 123 | 135 | 136 | 183 | |
-204 | -48 | 0 | -37 | -30 | -31 | -17 | -2 | -10 | -10 | 3 | -14 | |
125 | 66 | 0 | -64 | -48 | -69 | -62 | 100 | -133 | -124 | -140 | -168 | |
Net Cash Flow | -2 | -28 | 0 | -0 | 3 | -7 | -8 | 23 | -20 | 1 | -1 | 1 |
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 | 78 | 133 | 166 | 212 | 205 | 179 | 191 | 168 | 187 | 171 | 158 | 149 |
Inventory Days | 173 | 190 | 187 | 319 | 377 | 317 | 305 | 302 | 330 | 304 | 303 | 253 |
Days Payable | 84 | 81 | 102 | 119 | 137 | 88 | 112 | 110 | 122 | 106 | 120 | 114 |
Cash Conversion Cycle | 168 | 242 | 250 | 412 | 445 | 409 | 384 | 359 | 395 | 368 | 342 | 287 |
Working Capital Days | 171 | 255 | 279 | 287 | 253 | 108 | 97 | 317 | 324 | 294 | 288 | 261 |
ROCE % | 10% | 2% | 0% | 1% | 2% | 2% | 3% | 4% | 5% | 7% | 7% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
8h - The Company has approved the incorporation of a wholly owned subsidiary in Dubai, UAE.
- Compliances-Half Yearly Report (SEBI Circular No. CIR/IMD/DF-1/67/2017) 15 Apr
- Compliance Certificate As per Regulation 7(3) Of SEBI (LODR) Regulations, 2015 11 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr
- Disclosure Under Regulation 29(2) Of The SEBI (Substantial Acquisition Of Shares And Takeover) Regulations, 2011 4 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Business Segments
APIs: The Co. manufactures APIs for complex therapies including Cardiovascular health, Antihistamine, Antidiabetic, Antipsychotic, Antimigraine, Parkinson’s Disease, etc. [1]
CRAMS: The Co. provides Contract Research and Manufacturing Services supporting R&D programs from process development to clinical supplies. Its capabilities include synthetic medicinal chemistry, custom synthesis, process R&D, cGMP manufacturing, analytical development, and regulatory support. [2]
Research & Development: The Co. has an R&D center primarily focused on the development and optimization of new and existing process technologies supporting the manufacturing of APIs. [2]
Impurities: The Co. has impurities for over 25 APIs. The Co’s impurity portfolio is stocked with a wide range of standards for quick and reliable supply. [3]