Neuland Laboratories Ltd

Neuland Laboratories Ltd

₹ 7,656 1.68%
18 Apr - close price
About

Neuland Laboratories is engaged in manufacturing and selling of bulk drugs and caters to both domestic and international markets.[1]

Key Points

Business Segments

  • Market Cap 9,836 Cr.
  • Current Price 7,656
  • High / Low 7,794 / 1,947
  • Stock P/E 31.0
  • Book Value 883
  • Dividend Yield 0.13 %
  • ROCE 20.8 %
  • ROE 17.9 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 68.3% CAGR over last 5 years

Cons

  • Stock is trading at 8.67 times its book value
  • Promoter holding is low: 32.7%
  • Company has a low return on equity of 12.1% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.48%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
245 245 201 258 236 256 221 294 269 407 363 418 393
199 219 175 215 204 217 193 224 215 287 266 280 272
Operating Profit 47 26 26 43 32 39 29 69 54 120 97 137 121
OPM % 19% 10% 13% 17% 14% 15% 13% 24% 20% 29% 27% 33% 31%
0 15 2 0 2 1 1 0 1 8 2 3 2
Interest 4 5 4 4 3 3 3 3 3 4 2 4 4
Depreciation 10 11 12 12 13 12 13 13 13 13 14 15 15
Profit before tax 32 24 12 28 18 24 13 53 39 110 83 122 104
Tax % 16% 29% 28% 26% 29% 10% 26% 28% 22% 23% 26% 27% 22%
27 17 9 20 13 22 10 38 31 85 62 89 81
EPS in Rs 20.84 13.48 6.80 15.88 10.09 16.98 7.77 29.98 23.81 65.89 48.23 69.56 63.44
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
448 461 466 469 510 579 527 667 763 937 951 1,191 1,581
401 402 395 402 430 472 477 608 661 790 807 918 1,105
Operating Profit 47 58 71 67 80 106 51 58 102 147 144 273 476
OPM % 11% 13% 15% 14% 16% 18% 10% 9% 13% 16% 15% 23% 30%
2 3 3 0 2 1 4 3 4 16 0 9 15
Interest 33 31 25 27 24 21 19 16 22 18 14 13 15
Depreciation 15 15 15 15 16 19 22 26 31 40 49 53 57
Profit before tax 1 16 35 25 42 67 14 20 53 105 82 216 419
Tax % -210% 12% 23% 36% 36% 30% 13% 19% 69% 23% 22% 24%
3 14 27 16 27 47 12 16 16 81 64 164 317
EPS in Rs 2.88 15.57 30.12 17.96 30.75 52.74 13.57 12.81 12.63 62.85 49.74 127.45 247.12
Dividend Payout % 0% 7% 9% 8% 7% 0% 0% 0% 16% 8% 10% 8%
Compounded Sales Growth
10 Years: 10%
5 Years: 18%
3 Years: 16%
TTM: 52%
Compounded Profit Growth
10 Years: 29%
5 Years: 68%
3 Years: 117%
TTM: 215%
Stock Price CAGR
10 Years: 41%
5 Years: 63%
3 Years: 46%
1 Year: 266%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 12%
Last Year: 18%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 5 8 8 9 9 9 9 13 13 13 13 13 13
Reserves 71 92 116 152 178 537 549 686 697 774 828 981 1,120
220 211 190 188 182 192 319 231 264 182 241 128 101
130 114 169 162 155 148 194 200 257 356 302 457 431
Total Liabilities 426 425 483 512 524 886 1,071 1,130 1,231 1,325 1,383 1,580 1,665
151 136 131 123 139 466 475 542 653 716 767 758 800
CWIP 27 36 35 41 40 20 126 104 24 17 20 41 12
Investments 7 7 7 7 7 8 8 8 8 7 4 1 0
240 246 311 340 337 393 463 476 547 585 592 781 853
Total Assets 426 425 483 512 524 886 1,071 1,130 1,231 1,325 1,383 1,580 1,665

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
49 26 49 13 45 39 11 70 57 189 60 237
-5 -7 -10 -14 -20 -42 -116 -77 -49 -84 -95 -61
-44 -20 -39 1 -24 -0 105 12 -5 -114 38 -136
Net Cash Flow 0 -1 -0 0 1 -4 -0 5 3 -9 3 40

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 78 78 93 100 85 114 134 90 91 85 90 111
Inventory Days 118 124 138 170 182 186 266 191 209 205 227 211
Days Payable 141 110 139 167 121 118 189 118 110 126 100 129
Cash Conversion Cycle 55 92 92 103 147 182 211 162 190 164 216 193
Working Capital Days 51 76 89 124 115 139 176 126 131 93 124 96
ROCE % 11% 15% 19% 16% 18% 16% 4% 4% 8% 11% 10% 21%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
36.22% 36.22% 36.22% 36.22% 36.22% 36.22% 36.14% 36.14% 36.03% 35.97% 32.80% 32.74%
15.51% 16.03% 17.21% 17.21% 17.39% 17.68% 17.70% 18.14% 20.19% 21.57% 22.69% 24.43%
4.42% 5.65% 6.17% 6.38% 6.45% 6.57% 6.54% 7.10% 6.76% 6.99% 6.02% 6.54%
0.00% 0.00% 0.00% 0.00% 0.00% 0.44% 0.46% 0.40% 0.40% 0.40% 0.40% 0.40%
43.85% 42.10% 40.40% 40.19% 39.94% 39.07% 39.15% 38.22% 36.62% 35.08% 38.10% 35.88%
No. of Shareholders 34,97834,33232,42632,25731,97630,60029,66926,94825,22326,82427,72328,616

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls