Shilpa Medicare Ltd

Shilpa Medicare Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Shilpa Medicare Ltd

₹ 901 0.99%
30 May - close price
vbshilpa.com BSE: 530549 NSE: SHILPAMED
About

Shilpa Medicare Incorporated in 1987 manufactures niche APIs, intermediates, and formulations and also undertakes contract research and manufacturing service for some of its customers. The company’s formulation products consist of 16 injectable dosage forms, 19 oral solid dosage forms under SML and 13 formulations under SML’s wholly owned subsidiary Shilpa Therapeutics.[1]

Key Points

Established Business of API & Formulations
The Co. is one of the leading API and formulations manufacturers with strong capabilities in the therapeutic area of oncology. It supplies more than 30 oncology APIs for various regulated markets including USA, Europe, Japan, South Korea, Russia, Mexico, Brazil, and other emerging markets. [1] The API facilities are approved by several national and international regulatory bodies like USFDA, EU, Cofepris- Mexico, PMDA-Japan, Korean FDA, TPD Canada & TGA-Australia. [2]

It has about 19 API & intermediate manufacturing blocks with segregation of Oncology and Non-Oncology manufacturing facilities. [3]

It has vertically integrated the formulations segment. It manufactures Injectable Dosage Forms, Oral Solid Dosage Forms, Oral Disintegrating Films, and various prescription and OTX products for the overseas and Indian markets. [4]

Website BSE NSE
  • Market Cap ₹ 8,815 Cr.
  • Current Price ₹ 901
  • High / Low ₹ 960 / 418
  • Stock P/E 92.3
  • Book Value ₹ 276
  • Dividend Yield 0.00 %
  • ROCE 6.26 %
  • ROE 3.94 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.26 times its book value
  • The company has delivered a poor sales growth of -9.95% over past five years.
  • Company has a low return on equity of 3.05% over last 3 years.
  • Dividend payout has been low at 4.67% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -5.79%

* 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

Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals

Part of BSE Healthcare BSE SmallCap BSE Allcap Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
72.87 60.83 68.73 51.64 66.50 37.83 74.61 63.98 59.36 96.12 129.68 125.39 126.15
74.41 56.32 93.21 61.90 80.27 68.40 67.32 67.28 80.49 72.17 86.83 102.82 90.91
Operating Profit -1.54 4.51 -24.48 -10.26 -13.77 -30.57 7.29 -3.30 -21.13 23.95 42.85 22.57 35.24
OPM % -2.11% 7.41% -35.62% -19.87% -20.71% -80.81% 9.77% -5.16% -35.60% 24.92% 33.04% 18.00% 27.93%
48.63 116.85 19.96 17.60 5.37 14.44 22.55 22.21 19.47 30.99 21.00 16.34 -30.24
Interest 1.73 2.66 4.92 6.64 6.61 6.76 5.18 2.61 2.71 1.95 1.19 1.38 2.09
Depreciation 10.29 10.42 11.89 12.26 11.98 12.26 12.67 12.39 12.29 12.30 12.02 12.20 12.34
Profit before tax 35.07 108.28 -21.33 -11.56 -26.99 -35.15 11.99 3.91 -16.66 40.69 50.64 25.33 -9.43
Tax % -1.11% 0.18% -19.50% -58.56% 7.19% 8.14% 44.95% 30.69% 10.08% 30.33% 39.81% 36.36% -45.39%
35.45 108.08 -17.17 -4.79 -28.93 -38.01 6.60 2.70 -18.35 28.35 30.49 16.12 -5.15
EPS in Rs 4.08 12.45 -1.98 -0.55 -3.33 -4.38 0.76 0.31 -2.11 2.90 3.12 1.65 -0.53
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
527 565 676 734 741 664 806 257 357 248 310 477
410 429 511 551 562 487 561 223 335 291 284 353
Operating Profit 118 137 164 183 179 177 245 34 22 -44 26 125
OPM % 22% 24% 24% 25% 24% 27% 30% 13% 6% -18% 8% 26%
9 5 9 15 23 21 32 204 170 159 79 38
Interest 3 4 3 3 2 3 4 6 9 21 17 7
Depreciation 21 19 21 27 33 34 35 22 35 47 50 49
Profit before tax 102 119 149 169 167 162 238 210 148 48 38 107
Tax % 21% 29% 24% 24% 20% 23% 19% 12% 5% -18% 29% 35%
81 84 113 127 133 124 194 184 141 57 27 70
EPS in Rs 10.99 10.91 14.64 15.91 16.34 15.22 23.76 22.62 16.24 6.59 3.10 7.14
Dividend Payout % 5% 5% 4% 4% 4% 7% 5% 5% 7% 0% 0% 14%
Compounded Sales Growth
10 Years: -2%
5 Years: -10%
3 Years: 10%
TTM: 54%
Compounded Profit Growth
10 Years: 1%
5 Years: -14%
3 Years: -10%
TTM: 182%
Stock Price CAGR
10 Years: 7%
5 Years: 18%
3 Years: 27%
1 Year: 86%
Return on Equity
10 Years: 8%
5 Years: 5%
3 Years: 3%
Last Year: 4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 7 8 8 8 8 8 8 8 9 9 9 10
Reserves 405 555 657 1,022 1,149 1,273 1,445 1,630 2,057 2,109 2,134 2,691
80 87 86 237 186 186 380 655 195 290 144 108
134 132 178 224 204 201 188 225 635 112 132 198
Total Liabilities 627 783 929 1,490 1,547 1,668 2,021 2,517 2,896 2,519 2,419 3,007
258 280 350 449 489 511 517 641 566 609 586 812
CWIP 49 88 89 137 201 401 373 482 293 226 228 39
Investments 75 140 154 326 231 89 93 219 238 244 246 1,280
245 275 336 579 627 667 1,038 1,175 1,800 1,439 1,358 876
Total Assets 627 783 929 1,490 1,547 1,668 2,021 2,517 2,896 2,519 2,419 3,007

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
59 67 120 50 54 164 130 70 174 2 8 -19
-38 -139 -101 -275 -13 -215 -295 -238 -379 -95 156 -433
-31 74 -15 315 -61 8 170 256 97 88 -163 450
Net Cash Flow -10 2 4 91 -20 -42 5 87 -108 -5 1 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 42 45 60 83 107 100 103 310 105 165 170 146
Inventory Days 130 142 126 173 174 275 283 1,847 472 420 458 450
Days Payable 103 77 99 103 103 111 105 351 111 142 215 67
Cash Conversion Cycle 68 110 87 153 179 264 281 1,806 466 443 412 528
Working Capital Days 60 70 71 127 149 153 306 739 210 816 323 251
ROCE % 22% 21% 21% 16% 12% 11% 15% 2% 1% -1% 3% 6%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.01% 50.01% 50.01% 50.01% 50.01% 50.01% 50.01% 50.01% 44.39% 44.33% 44.23% 44.23%
14.41% 14.46% 15.32% 13.73% 10.26% 8.60% 8.52% 5.63% 9.08% 9.59% 9.90% 10.97%
1.99% 1.76% 0.61% 0.54% 0.37% 0.41% 0.06% 1.65% 7.61% 8.18% 8.27% 7.55%
33.59% 33.78% 34.04% 35.72% 39.36% 40.98% 41.41% 42.71% 38.91% 37.90% 37.59% 37.25%
No. of Shareholders 39,09741,57946,14346,86950,43444,09443,63046,04641,07242,78449,03450,108

* 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.

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