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 ₹ 758 Cr.
- Current Price ₹ 348
- High / Low ₹ 479 / 215
- Stock P/E 60.7
- Book Value ₹ 109
- Dividend Yield 0.00 %
- ROCE 8.97 %
- ROE 8.55 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 3.20 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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.
- Promoter holding has decreased over last 3 years: -20.9%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|
83 | 95 | 128 | 133 | 151 | |
63 | 72 | 99 | 100 | 116 | |
Operating Profit | 20 | 23 | 29 | 33 | 35 |
OPM % | 24% | 24% | 23% | 25% | 23% |
2 | 1 | 2 | 4 | 4 | |
Interest | 2 | 2 | 3 | 6 | 8 |
Depreciation | 7 | 8 | 10 | 15 | 17 |
Profit before tax | 12 | 13 | 19 | 17 | 15 |
Tax % | 21% | 19% | 20% | 24% | |
10 | 11 | 15 | 13 | 12 | |
EPS in Rs | 6.43 | 6.84 | 8.90 | 6.70 | 6.20 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
TTM: | -30% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 41% |
3 Years: | 33% |
1 Year: | 61% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|
Equity Capital | 15 | 16 | 17 | 19 | 21 |
Reserves | 66 | 83 | 110 | 154 | 216 |
17 | 43 | 93 | 119 | 68 | |
17 | 37 | 47 | 44 | 52 | |
Total Liabilities | 115 | 178 | 268 | 336 | 357 |
66 | 69 | 205 | 267 | 275 | |
CWIP | 13 | 49 | 1 | 6 | 8 |
Investments | 0 | 0 | 7 | 3 | 0 |
36 | 60 | 55 | 60 | 75 | |
Total Assets | 115 | 178 | 268 | 336 | 357 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
19 | 15 | 36 | 33 | |
-22 | -47 | -90 | -74 | |
3 | 32 | 55 | 41 | |
Net Cash Flow | -0 | -0 | -0 | 0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|
Debtor Days | 36 | 48 | 40 | 60 |
Inventory Days | 93 | 112 | 69 | 76 |
Days Payable | 46 | 141 | 149 | 129 |
Cash Conversion Cycle | 83 | 19 | -39 | 7 |
Working Capital Days | 41 | 8 | 2 | 30 |
ROCE % | 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]