Lincoln Pharmaceuticals Ltd

Lincoln Pharmaceuticals Limited (LPL) is engaged in the business of manufacturing, marketing and distribution of pharmaceutical products.

  • Market Cap: 450.10 Cr.
  • Current Price: 225.05
  • 52 weeks High / Low 237.20 / 85.05
  • Book Value: 156.54
  • Stock P/E: 8.75
  • Dividend Yield: 0.67 %
  • ROCE: 22.58 %
  • ROE: 19.82 %
  • Sales Growth (3Yrs): -2.91 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company has reduced debt.
Company is virtually debt free.
Company has delivered good profit growth of 35.37% CAGR over last 5 years
Cons:
The company has delivered a poor growth of 11.71% over past five years.
Promoter holding is low: 32.36%

Peer comparison Sector: Pharmaceuticals // Industry: Pharmaceuticals - Indian - Formulations

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
149.56 89.65 80.18 67.34 99.82 102.60 84.43 79.32 96.81 112.69 98.52 78.47
142.54 74.21 64.02 57.69 76.53 83.52 70.82 68.09 77.75 88.01 85.32 69.86
Operating Profit 7.02 15.44 16.16 9.65 23.29 19.08 13.61 11.23 19.06 24.68 13.20 8.61
OPM % 4.69% 17.22% 20.15% 14.33% 23.33% 18.60% 16.12% 14.16% 19.69% 21.90% 13.40% 10.97%
Other Income 2.84 2.99 2.83 0.86 2.30 4.43 0.38 -0.87 1.29 2.52 3.03 4.19
Interest 1.61 1.50 1.37 0.94 1.33 1.75 0.71 0.79 0.65 0.58 1.35 -0.56
Depreciation 1.38 1.81 1.39 1.53 1.58 1.51 1.94 1.65 1.85 1.77 1.88 1.83
Profit before tax 6.87 15.12 16.23 8.04 22.68 20.25 11.34 7.92 17.85 24.85 13.00 11.53
Tax % 28.38% 25.13% 28.59% 15.05% 29.10% 25.93% 19.40% -7.58% 29.02% 23.86% 15.92% 22.46%
Net Profit 4.91 11.30 11.58 6.83 16.07 15.00 9.15 8.50 12.67 18.91 10.91 8.94
EPS in Rs 2.46 5.65 5.79 3.42 8.03 7.50 4.57 4.25 6.33 9.46 5.46 4.47
Notes 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 TTM
114 124 176 188 195 210 266 400 360 361 366 386
104 113 167 174 179 190 240 359 313 308 299 321
Operating Profit 10 11 10 14 15 20 26 41 47 53 67 66
OPM % 9% 9% 5% 7% 8% 10% 10% 10% 13% 15% 18% 17%
Other Income -1 1 3 3 6 2 7 7 2 5 5 11
Interest 2 3 5 8 8 7 8 10 7 5 4 2
Depreciation 1 1 2 2 3 4 5 5 6 6 7 7
Profit before tax 7 9 6 7 11 12 20 33 37 46 62 67
Tax % 35% 29% 33% 30% 16% 16% 24% 28% 25% 25% 22%
Net Profit 4 6 4 5 10 11 15 24 28 35 49 51
EPS in Rs 5.20 2.46 3.04 5.82 6.43 9.00 14.32 14.06 17.31 24.36 25.72
Dividend Payout % 21% 22% 23% 19% 10% 9% 11% 7% 9% 9% 6%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:12.38%
5 Years:11.71%
3 Years:-2.91%
TTM:5.55%
Compounded Profit Growth
10 Years:26.00%
5 Years:35.37%
3 Years:26.73%
TTM:5.56%
Stock Price CAGR
10 Years:20.27%
5 Years:12.11%
3 Years:12.35%
1 Year:48.25%
Return on Equity
10 Years:15.17%
5 Years:17.84%
3 Years:18.13%
Last Year:19.82%

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
8 11 16 16 16 16 16 16 20 20 20 20
Reserves 28 42 60 64 73 82 95 117 172 204 249 293
Borrowings 16 27 44 65 76 68 76 78 64 61 34 5
22 31 44 66 72 93 70 64 48 62 62 72
Total Liabilities 73 111 165 212 237 260 258 275 305 347 365 389
17 21 28 38 65 65 66 98 103 117 121 123
CWIP 0 1 4 14 2 2 3 3 7 0 2 0
Investments 0 0 0 0 0 0 0 0 10 11 18 34
56 89 133 161 169 192 190 174 186 219 224 232
Total Assets 73 111 165 212 237 260 258 275 305 347 365 389

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
2 -11 -34 12 -16 5 25 45 25 27 53
-4 -6 -11 -27 -16 1 7 -42 -25 -12 -18
3 25 45 16 29 -11 -32 -3 0 -11 -36
Net Cash Flow 1 9 -0 1 -3 -4 -1 -0 -0 3 -1

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
ROCE % 17% 10% 10% 11% 12% 16% 22% 19% 19% 23%
Debtor Days 74 92 83 127 140 154 163 73 92 111 122
Inventory Turnover 3.85 4.33 5.20 6.52 6.63 8.05 11.49 6.90 4.82 4.47

Shareholding pattern in percentages

Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020
33.18 33.43 32.14 32.39 32.39 32.39 32.39 32.40 32.40 32.40 32.36 32.36
0.44 0.00 0.00 0.00 0.47 0.43 0.00 0.00 0.00 0.00 0.00 0.00
0.06 0.09 0.06 0.20 0.15 0.23 0.33 0.30 0.23 0.28 0.35 0.43
0.00 0.09 0.09 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
66.32 66.39 67.70 67.40 66.99 66.94 67.28 67.31 67.37 67.33 67.29 67.21