Vaidya Sane Ayurved Laboratories Ltd
Incorporated in 2006, Vaidya Sane Ayurved Laboratories Ltd is the business of running
of hospitals & clinics, and sale of Ayurved based medicines[1]
- Market Cap ₹ 217 Cr.
- Current Price ₹ 206
- High / Low ₹ 377 / 172
- Stock P/E 83.3
- Book Value ₹ 39.0
- Dividend Yield 0.24 %
- ROCE 19.9 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
Cons
- Company has a low return on equity of 13.7% 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.
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|
| 62 | 75 | 52 | 74 | 99 | 104 | |
| 59 | 72 | 48 | 67 | 90 | 98 | |
| Operating Profit | 3 | 3 | 4 | 7 | 9 | 6 |
| OPM % | 5% | 4% | 9% | 10% | 9% | 5% |
| 0 | 0 | -1 | 0 | 1 | 1 | |
| Interest | 1 | 1 | 1 | 1 | 1 | 0 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 3 |
| Profit before tax | 1 | -0 | 0 | 5 | 7 | 3 |
| Tax % | 44% | -24% | 16% | 27% | 25% | |
| 0 | -1 | 0 | 3 | 5 | 3 | |
| EPS in Rs | 111.11 | -124.44 | 86.67 | 3.30 | 4.94 | 2.47 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 5% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 124% |
| TTM: | -49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 14% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
|---|---|---|---|---|---|---|
| Equity Capital | 0 | 0 | 0 | 11 | 11 | 11 |
| Reserves | 9 | 8 | 10 | 25 | 30 | 30 |
| 9 | 6 | 1 | 1 | 0 | 4 | |
| 11 | 15 | 15 | 13 | 14 | 25 | |
| Total Liabilities | 29 | 29 | 26 | 50 | 55 | 70 |
| 16 | 16 | 17 | 17 | 21 | 21 | |
| CWIP | 2 | 4 | 0 | 1 | 2 | 2 |
| Investments | 0 | 0 | 0 | 21 | 15 | 14 |
| 11 | 10 | 8 | 10 | 18 | 33 | |
| Total Assets | 29 | 29 | 26 | 50 | 55 | 70 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| 2 | 8 | 6 | -13 | -0 | |
| -10 | -4 | -1 | -8 | 1 | |
| 8 | -4 | -5 | 22 | -1 | |
| Net Cash Flow | -1 | 0 | -0 | 2 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|
| Debtor Days | 21 | 12 | 19 | 18 | 24 |
| Inventory Days | 77 | 49 | 35 | ||
| Days Payable | 138 | 138 | 147 | ||
| Cash Conversion Cycle | -39 | -77 | -93 | 18 | 24 |
| Working Capital Days | -7 | -26 | -46 | -25 | 2 |
| ROCE % | 5% | 17% | 22% | 20% |
Business Overview:[1][2][3]
VSALL is a chain of Cardiac Care Clinics and hospitals that have 350+ Clinics, out of these 54 are company-owned, 62 are OPD’s Mini Clinic and 234 are franchised clinics. These are run by 450+ Ayurvedic Physicians. Company also has 2 hospitals viz. Madhavbaug Hospital, Khopoli (NABH Accredited) and Madhavbaug Hospital Nagpur.