Lupin Ltd

About [ edit ]

Lupin is engaged in the business of Manufacture of Pharmaceuticals.

Key Points [ edit ]
  • Market Cap 50,272 Cr.
  • Current Price 1,107
  • High / Low 1,268 / 855
  • Stock P/E 42.7
  • Book Value 304
  • Dividend Yield 0.59 %
  • ROCE 9.42 %
  • ROE 8.94 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 3.64 times its book value
  • The company has delivered a poor sales growth of 1.24% over past five years.
  • Company has a low return on equity of 3.59% for last 3 years.
  • 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
3,856 3,951 3,947 3,887 3,878 3,882 3,769 3,846 3,528 3,835 4,017 3,783
3,329 3,401 3,266 3,107 3,131 3,242 3,340 3,320 3,040 3,254 3,239 3,076
Operating Profit 527 550 682 779 747 641 429 525 488 581 779 708
OPM % 14% 14% 17% 20% 19% 16% 11% 14% 14% 15% 19% 19%
Other Income 185 231 -291 115 106 -359 -161 293 44 25 21 58
Interest 69 74 78 84 84 83 89 107 44 34 31 32
Depreciation 259 265 219 219 250 253 253 214 215 213 244 216
Profit before tax 384 441 93 591 518 -54 -73 496 273 360 525 518
Tax % 47% 39% 264% 50% 42% -129% -1,046% 21% 60% 41% 16% 10%
Net Profit 203 266 -152 290 303 -127 -835 390 107 211 438 460
EPS in Rs 4.48 5.88 -3.35 6.40 6.70 -2.81 -18.44 8.60 2.36 4.66 9.66 10.15

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
4,774 5,819 7,083 9,641 11,286 12,770 14,256 17,367 15,797 14,665 15,375 15,163
3,887 4,634 5,621 7,356 8,272 9,146 10,570 12,866 12,712 12,131 13,127 12,596
Operating Profit 887 1,185 1,461 2,284 3,014 3,624 3,685 4,501 3,085 2,534 2,248 2,567
OPM % 19% 20% 21% 24% 27% 28% 26% 26% 20% 17% 15% 17%
Other Income 111 15 -2 13 105 236 190 107 -1,248 118 -27 138
Interest 38 34 35 41 27 10 59 153 204 302 363 141
Depreciation 124 171 228 332 261 435 487 912 1,086 846 970 887
Profit before tax 836 994 1,196 1,925 2,832 3,415 3,329 3,543 547 1,503 887 1,676
Tax % 16% 12% 26% 30% 34% 28% 32% 28% 53% 59% 130% 27%
Net Profit 682 863 868 1,314 1,836 2,403 2,261 2,557 251 607 -269 1,217
EPS in Rs 15.33 19.33 19.43 29.36 40.96 53.47 50.17 56.63 5.56 13.40 -5.95 26.81
Dividend Payout % 18% 16% 18% 14% 15% 14% 15% 13% 90% 37% -101% 24%
Compounded Sales Growth
10 Years:10%
5 Years:1%
3 Years:-1%
TTM:-1%
Compounded Profit Growth
10 Years:3%
5 Years:-12%
3 Years:61%
TTM:351%
Stock Price CAGR
10 Years:9%
5 Years:-8%
3 Years:8%
1 Year:20%
Return on Equity
10 Years:13%
5 Years:7%
3 Years:4%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
89 89 89 90 90 90 90 90 90 90 91 91
Reserves 2,479 3,192 3,924 5,115 6,842 8,784 11,073 13,407 13,487 13,652 12,446 13,712
Borrowings 1,140 1,162 1,639 1,164 654 537 7,178 7,966 7,143 8,496 6,305 4,783
1,358 1,643 2,283 2,475 2,550 3,642 3,957 4,749 5,300 5,423 5,968 4,844
Total Liabilities 5,066 6,086 7,935 8,843 10,135 13,054 22,298 26,212 26,020 27,661 24,810 23,430
1,906 2,057 2,750 3,000 3,356 4,368 8,717 11,033 10,362 11,087 7,938 7,881
CWIP 358 490 444 311 304 576 2,702 2,133 2,598 1,640 940 1,066
Investments 26 3 3 2 178 1,658 16 2,136 262 2,295 2,374 2,455
2,775 3,536 4,739 5,530 6,297 6,451 10,862 10,910 12,798 12,639 13,557 12,028
Total Assets 5,066 6,086 7,935 8,843 10,135 13,054 22,298 26,212 26,020 27,661 24,810 23,430

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
676 798 560 1,251 2,004 2,733 -382 4,114 1,751 1,666 1,469 1,822
-683 -520 -720 -522 -851 -1,034 -6,769 -2,527 470 -3,282 1,107 -1,240
136 -163 109 -663 -857 -197 5,836 433 -1,492 744 -891 -1,885
Net Cash Flow 130 116 -51 66 296 1,502 -1,315 2,019 729 -872 1,685 -1,303

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 27% 25% 25% 33% 41% 40% 24% 19% 10% 10% 9% 9%
Debtor Days 86 79 92 83 80 76 116 91 120 128 129 108
Inventory Turnover 2.20 2.25 1.96 2.10 2.04 1.95 1.63 1.56 1.56 1.44 1.61 1.53

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
47.00 46.98 46.97 46.96 46.96 46.93 46.92 46.92 46.91 46.88 46.86 46.84
25.23 27.37 25.87 25.24 25.66 24.66 22.68 21.31 20.35 18.97 17.87 18.60
12.20 11.20 11.92 13.14 13.05 14.33 16.27 18.57 19.86 21.08 22.30 21.81
0.26 0.27 0.28 0.28 0.28 0.28 0.28 0.29 0.29 0.29 0.29 0.28
15.30 14.18 14.96 14.38 14.05 13.80 13.85 12.91 12.60 12.79 12.69 12.47

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