Laurus Labs Ltd

About [ edit ]

Laurus Labs is principally engaged in offering a broad and integrated portfolio of Active Pharmaceuticals Ingredients (API) including intermediates, Generic Finished dosage forms (FDF) and Contract Research services to cater to the needs of the global pharmaceutical industry.

Key Points [ edit ]
  • Market Cap 26,154 Cr.
  • Current Price 487
  • High / Low 504 / 84.3
  • Stock P/E 26.6
  • Book Value 48.4
  • Dividend Yield 0.41 %
  • ROCE 40.5 %
  • ROE 45.1 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 48.99% CAGR over last 5 years

Cons

  • Stock is trading at 10.07 times its book value
  • Promoter holding has decreased over last quarter: -1.30%
  • Company might be capitalizing the interest cost
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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 Mar 2021
539 588 529 635 551 712 730 839 974 1,139 1,288 1,412
458 513 442 523 467 575 581 647 696 765 862 940
Operating Profit 81 76 88 112 83 138 148 192 278 374 426 472
OPM % 15% 13% 17% 18% 15% 19% 20% 23% 29% 33% 33% 33%
Other Income 3 11 1 2 4 1 2 2 7 5 7 5
Interest 22 25 24 18 23 26 21 21 15 14 17 22
Depreciation 38 40 43 43 46 48 48 46 49 51 52 54
Profit before tax 23 22 23 53 19 66 82 127 221 314 364 401
Tax % 27% 26% 22% 18% 22% 14% 10% 13% 22% 23% 25% 26%
Net Profit 17 16 18 43 15 57 73 110 172 242 273 297
EPS in Rs 0.31 0.30 0.33 0.81 0.28 1.06 1.37 2.06 3.21 4.52 5.08 5.53

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,160 1,327 1,778 1,905 2,056 2,292 2,832 4,814
951 1,126 1,415 1,497 1,642 1,935 2,266 3,263
Operating Profit 209 200 362 408 414 357 565 1,551
OPM % 18% 15% 20% 21% 20% 16% 20% 32%
Other Income 9 34 4 32 29 15 5 24
Interest 64 106 111 100 80 88 90 68
Depreciation 33 62 86 106 125 164 187 205
Profit before tax 121 67 169 234 237 120 294 1,301
Tax % 20% -2% 21% 19% 29% 22% 13% 24%
Net Profit 97 68 134 190 168 94 255 984
EPS in Rs 12.64 8.81 16.97 3.60 3.16 1.76 4.77 18.33
Dividend Payout % 0% 0% 2% 8% 9% 17% 10% 11%
Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:33%
TTM:70%
Compounded Profit Growth
10 Years:%
5 Years:49%
3 Years:80%
TTM:284%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:70%
1 Year:453%
Return on Equity
10 Years:%
5 Years:22%
3 Years:25%
Last Year:45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
78 82 82 106 106 106 107 107
Reserves 281 640 774 1,225 1,371 1,447 1,658 2,490
Borrowings 543 821 1,028 842 980 1,036 1,057 1,344
434 412 406 481 560 742 928 1,809
Total Liabilities 1,273 1,888 2,224 2,653 3,017 3,331 3,750 5,751
499 801 1,021 1,230 1,481 1,629 1,726 2,171
CWIP 116 110 70 143 163 110 67 362
Investments 0 7 7 3 3 3 3 3
658 970 1,126 1,277 1,369 1,589 1,953 3,214
Total Assets 1,273 1,888 2,224 2,653 3,017 3,331 3,750 5,751

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
121 -65 182 332 342 298 347 733
-312 -397 -312 -289 -384 -253 -221 -941
203 486 103 -54 42 -45 -128 255
Net Cash Flow 12 24 -27 -10 1 -0 -1 47

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 14% 16% 16% 14% 8% 14% 40%
Debtor Days 61 78 91 109 101 113 102 99
Inventory Turnover 2.19 2.22 2.13 2.12 2.12 1.95 1.74

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
32.06 33.40 33.50 32.77 32.82 32.73 32.58 32.04 32.13 32.12 28.76 27.45
10.85 9.25 8.07 12.77 12.35 12.52 10.52 11.29 16.06 20.74 19.92 20.68
38.74 38.45 38.31 31.86 32.21 32.15 32.09 31.59 8.81 6.34 4.08 3.56
18.35 18.89 20.13 22.60 22.62 22.60 24.80 25.08 43.00 40.79 47.24 48.31

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