Lincoln Pharmaceuticals Ltd
₹ 601
0.15%
26 Apr
9:22 a.m.
About
Lincoln Pharmaceuticals Limited (LPL) is engaged in the business of manufacturing, marketing and distribution of pharmaceutical products.
Key Points
- Market Cap ₹ 1,204 Cr.
- Current Price ₹ 601
- High / Low ₹ 755 / 365
- Stock P/E 13.8
- Book Value ₹ 273
- Dividend Yield 0.25 %
- ROCE 21.7 %
- ROE 15.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 9.45% over past five years.
- Dividend payout has been low at 4.43% of profits over last 3 years
* 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 - Formulations
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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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 175 | 192 | 208 | 223 | 311 | 304 | 325 | 353 | 376 | 423 | 472 | 510 | 551 | |
| 161 | 176 | 190 | 200 | 278 | 261 | 279 | 292 | 317 | 336 | 376 | 421 | 452 | |
| Operating Profit | 13 | 16 | 19 | 23 | 33 | 43 | 46 | 61 | 60 | 87 | 96 | 90 | 98 |
| OPM % | 8% | 8% | 9% | 10% | 11% | 14% | 14% | 17% | 16% | 21% | 20% | 18% | 18% |
| 3 | 5 | 1 | 5 | 6 | 2 | 6 | 6 | 12 | 6 | 10 | 22 | 31 | |
| Interest | 8 | 7 | 5 | 6 | 6 | 5 | 4 | 4 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | 2 | 2 | 2 | 3 | 3 | 4 | 4 | 5 | 5 | 8 | 8 | 9 | 10 |
| Profit before tax | 7 | 11 | 13 | 19 | 30 | 36 | 43 | 58 | 64 | 84 | 96 | 100 | 117 |
| Tax % | 31% | 13% | 9% | 23% | 28% | 23% | 24% | 20% | 23% | 26% | 28% | 27% | |
| 5 | 10 | 11 | 15 | 22 | 27 | 33 | 47 | 50 | 62 | 69 | 73 | 87 | |
| EPS in Rs | 3.05 | 6.01 | 7.01 | 9.06 | 13.33 | 13.70 | 16.38 | 23.32 | 24.78 | 31.12 | 34.62 | 36.40 | 43.56 |
| Dividend Payout % | 20% | 10% | 9% | 11% | 8% | 9% | 9% | 6% | 6% | 5% | 4% | 4% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 9% |
| 3 Years: | 11% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 17% |
| 3 Years: | 14% |
| TTM: | 22% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 26% |
| 3 Years: | 33% |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 17% |
| 3 Years: | 17% |
| Last Year: | 16% |
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 | 16 | 16 | 16 | 16 | 16 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 |
| Reserves | 64 | 73 | 83 | 95 | 115 | 170 | 200 | 243 | 284 | 346 | 413 | 482 | 526 |
| 57 | 61 | 51 | 48 | 61 | 53 | 56 | 34 | 5 | 1 | 2 | 2 | 1 | |
| 60 | 61 | 70 | 32 | 50 | 39 | 50 | 51 | 58 | 85 | 99 | 83 | 116 | |
| Total Liabilities | 197 | 211 | 220 | 192 | 242 | 282 | 326 | 347 | 367 | 452 | 534 | 587 | 663 |
| 33 | 33 | 32 | 33 | 63 | 68 | 83 | 88 | 91 | 111 | 132 | 151 | 147 | |
| CWIP | 2 | 2 | 2 | 3 | 3 | 7 | 0 | 2 | 0 | 2 | 16 | 7 | 9 |
| Investments | 11 | 11 | 11 | 13 | 20 | 36 | 39 | 46 | 60 | 81 | 97 | 91 | 132 |
| 151 | 164 | 174 | 143 | 156 | 171 | 204 | 211 | 216 | 259 | 289 | 339 | 374 | |
| Total Assets | 197 | 211 | 220 | 192 | 242 | 282 | 326 | 347 | 367 | 452 | 534 | 587 | 663 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 4 | 9 | 9 | 29 | 18 | 21 | 51 | 71 | 69 | 76 | 39 | |
| -17 | -1 | 3 | -5 | -40 | -26 | -14 | -22 | -29 | -64 | -78 | -37 | |
| 3 | -1 | -17 | -5 | 11 | 8 | -4 | -30 | -38 | -6 | -3 | -4 | |
| Net Cash Flow | -4 | 2 | -5 | -1 | -0 | -0 | 4 | -1 | 4 | -1 | -4 | -2 |
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 | 136 | 139 | 152 | 135 | 88 | 95 | 108 | 117 | 88 | 97 | 89 | 97 |
| Inventory Days | 70 | 50 | 52 | 49 | 44 | 67 | 78 | 61 | 73 | 86 | 121 | 106 |
| Days Payable | 137 | 125 | 126 | 34 | 37 | 53 | 75 | 74 | 82 | 105 | 119 | 77 |
| Cash Conversion Cycle | 68 | 64 | 78 | 150 | 96 | 110 | 111 | 104 | 80 | 78 | 91 | 126 |
| Working Capital Days | 110 | 149 | 121 | 161 | 109 | 127 | 145 | 128 | 115 | 120 | 115 | 123 |
| ROCE % | 10% | 12% | 12% | 16% | 21% | 19% | 18% | 22% | 22% | 25% | 24% | 22% |
Documents
Announcements
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Certificate Under Regulation 40 (9) Of The SEBI (LODR) Regulations, 2015.
22 Apr - Certificate from the Practicing Company Secretary under Regulation 40(9) of the SEBI (LODR) Regulations, 2015 for the year ended March 31, 2024.
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 18 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 17 Apr
- Compliance Certificate Under Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Year Ended March 31, 2024. 15 Apr
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Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Apr - Newspaper Publication with respect to dispatch of Postal Ballot Notice.
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 2011
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Financial Year 2010
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Financial Year 2009
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Concalls
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Feb 2024TranscriptNotesPPT
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Oct 2023TranscriptNotesPPT
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Feb 2023TranscriptNotesPPT
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Nov 2022TranscriptNotesPPT
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Jul 2022TranscriptNotesPPT
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Apr 2021TranscriptNotesPPT
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Jan 2021TranscriptNotesPPT
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Oct 2020TranscriptNotesPPT
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Apr 2020TranscriptNotesPPT
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Oct 2019TranscriptNotesPPT
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Oct 2018TranscriptNotesPPT
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Jul 2018TranscriptNotesPPT
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Apr 2018TranscriptNotesPPT
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Jan 2018TranscriptNotesPPT
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Oct 2017TranscriptNotesPPT
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Jul 2017TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
Product Basket
Lincoln Pharma has developed 600+ formulations in 15 therapeutic areas. It has 1700 registered products and another 700 in the pipeline. Focus areas include anti-effective, respiratory system, gynecology, cardio & CNS, antidiabetic, anti-malaria among others. [1] During FY23, co. has launched 18 products in the domestic market and filled 130 plus dossiers in the export market.