Sakar Healthcare Ltd
Sakar Healthcare Ltd is engaged in manufacturing of Pharmaceutical formulations in the form of liquid injectables, tablets/ capsules, oral liquid syrups, dry powder injectables and syrups.[1]
The company also operates as a contract development and manufacturing organization (CDMO) for various leading pharmaceutical companies.[2]
- Market Cap ₹ 802 Cr.
- Current Price ₹ 369
- High / Low ₹ 479 / 210
- Stock P/E 64.2
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 8.91 %
- ROE 8.49 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company's median sales growth is 18.0% of last 10 years
Cons
- Stock is trading at 3.38 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.00%
- Company has a low return on equity of 11.0% over last 3 years.
- Company might be capitalizing the interest cost
- Debtor days have increased from 49.5 to 60.4 days.
* 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 - Bulk Drugs & Formln
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
16 | 22 | 30 | 35 | 41 | 44 | 53 | 68 | 83 | 95 | 128 | 133 | 151 | |
9 | 14 | 22 | 27 | 33 | 34 | 40 | 51 | 63 | 72 | 99 | 100 | 116 | |
Operating Profit | 7 | 8 | 8 | 8 | 8 | 10 | 13 | 17 | 20 | 23 | 29 | 33 | 35 |
OPM % | 43% | 34% | 26% | 22% | 20% | 23% | 24% | 25% | 24% | 24% | 23% | 25% | 23% |
0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 2 | 1 | 2 | 4 | 4 | |
Interest | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 6 | 8 |
Depreciation | 2 | 2 | 2 | 2 | 3 | 3 | 4 | 6 | 7 | 8 | 10 | 15 | 17 |
Profit before tax | 1 | 2 | 2 | 2 | 3 | 5 | 6 | 9 | 12 | 13 | 19 | 17 | 15 |
Tax % | 32% | 19% | 13% | 24% | 22% | 30% | 38% | 28% | 21% | 19% | 20% | 24% | |
1 | 1 | 2 | 2 | 2 | 3 | 4 | 7 | 10 | 11 | 15 | 13 | 12 | |
EPS in Rs | 1.24 | 1.81 | 2.19 | 2.30 | 2.78 | 3.08 | 3.12 | 4.47 | 6.43 | 6.84 | 8.90 | 6.70 | 6.20 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 17% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 24% |
5 Years: | 27% |
3 Years: | 10% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 47% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | 11% |
5 Years: | 11% |
3 Years: | 11% |
Last Year: | 8% |
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 | 8 | 8 | 8 | 8 | 8 | 11 | 12 | 15 | 15 | 16 | 17 | 19 | 21 |
Reserves | 3 | 4 | 6 | 7 | 11 | 25 | 35 | 57 | 66 | 83 | 110 | 154 | 216 |
32 | 27 | 24 | 25 | 22 | 24 | 11 | 11 | 17 | 43 | 93 | 119 | 68 | |
8 | 11 | 14 | 11 | 10 | 11 | 23 | 15 | 17 | 37 | 47 | 44 | 52 | |
Total Liabilities | 51 | 50 | 52 | 50 | 51 | 71 | 81 | 97 | 115 | 178 | 268 | 336 | 357 |
37 | 37 | 38 | 36 | 37 | 49 | 53 | 64 | 66 | 69 | 205 | 267 | 275 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 13 | 49 | 1 | 6 | 8 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 3 | 0 |
14 | 13 | 14 | 14 | 14 | 22 | 28 | 25 | 36 | 60 | 55 | 60 | 75 | |
Total Assets | 51 | 50 | 52 | 50 | 51 | 71 | 81 | 97 | 115 | 178 | 268 | 336 | 357 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
11 | 7 | 9 | 4 | 9 | 2 | 5 | 16 | 19 | 15 | 36 | 33 | |
-4 | -3 | -3 | -1 | -4 | -14 | -8 | -25 | -22 | -47 | -90 | -74 | |
-4 | -7 | -6 | -3 | -6 | 13 | -13 | 9 | 3 | 32 | 55 | 41 | |
Net Cash Flow | 3 | -4 | -0 | 1 | -1 | 0 | -16 | 0 | -0 | -0 | -0 | 0 |
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 | 25 | 22 | 28 | 21 | 26 | 44 | 74 | 51 | 36 | 48 | 40 | 60 |
Inventory Days | 398 | 281 | 190 | 142 | 107 | 114 | 51 | 70 | 92 | 112 | 69 | 76 |
Days Payable | 118 | 109 | 97 | 20 | 66 | 51 | 57 | 41 | 46 | 141 | 149 | 129 |
Cash Conversion Cycle | 305 | 194 | 120 | 143 | 67 | 107 | 68 | 80 | 83 | 19 | -39 | 7 |
Working Capital Days | 194 | 155 | 75 | 89 | 45 | 110 | 108 | 46 | 41 | 8 | 2 | 30 |
ROCE % | 12% | 14% | 15% | 14% | 14% | 15% | 15% | 16% | 16% | 13% | 12% | 9% |
Product Portfolio
The company manufactures various pharma products like injectables, tablets/ capsules, oral liquid syrups, dry power injections, syrups, etc. for various therapeutic segments like antibiotics, anti-cold drugs, anti-malarial, multi-vitamins, amino acids, etc.[1]
It is involved in manufacturing and marketing of medicines with a product portfolio of ~150 formulations in more than 23 therapeutic areas.[2]