SMS Lifesciences India Ltd

SMS Lifesciences India Ltd

₹ 676 5.10%
28 Mar - close price
About

Incorporated in 2006, SMS Lifesciences Ltd is in the business of manufacturing of Active Pharma Ingredients and their intermediates[1]

Key Points

Business Overview:[1][2][3]
Company is the demerged entity of SMS Pharmaceuticals Ltd, catering to semi-regulated markets across India, Europe, and Asia with a portfolio of 12 APIs in the GAS and Anti-erectile dysfunction (EDF) therapeutic segment. It does manufacturing of Antiulcerative products, for Indian and global markets and supplies KSMs and Intermediates

  • Market Cap 204 Cr.
  • Current Price 676
  • High / Low 707 / 464
  • Stock P/E 73.8
  • Book Value 553
  • Dividend Yield 0.22 %
  • ROCE 7.92 %
  • ROE 6.12 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 9.25% over last 3 years.
  • Company might be capitalizing the interest cost
  • Dividend payout has been low at 3.03% of profits 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.

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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
66.57 82.51 76.27 86.75 91.06 95.66 82.28 81.26 88.29 63.73 74.65 69.26 72.05
59.88 74.08 68.06 77.13 82.59 89.23 73.79 72.99 78.92 61.45 72.11 61.33 62.75
Operating Profit 6.69 8.43 8.21 9.62 8.47 6.43 8.49 8.27 9.37 2.28 2.54 7.93 9.30
OPM % 10.05% 10.22% 10.76% 11.09% 9.30% 6.72% 10.32% 10.18% 10.61% 3.58% 3.40% 11.45% 12.91%
0.61 1.28 0.07 8.44 0.03 6.64 0.31 0.15 0.49 4.81 0.61 0.27 0.58
Interest 1.07 0.99 1.12 1.82 1.49 1.75 1.64 1.68 1.67 1.80 2.18 2.81 2.34
Depreciation 1.97 1.97 2.13 2.69 2.61 2.58 2.59 2.64 2.63 2.92 3.70 3.73 3.73
Profit before tax 4.26 6.75 5.03 13.55 4.40 8.74 4.57 4.10 5.56 2.37 -2.73 1.66 3.81
Tax % 36.85% 25.04% 27.83% 24.28% 46.82% 7.67% 49.23% 23.66% 31.29% 10.55% -40.29% 126.51% -8.14%
2.70 5.05 3.63 10.25 2.33 8.08 2.32 3.12 3.82 2.11 -3.83 -0.44 4.12
EPS in Rs 8.93 16.70 12.01 33.90 7.71 26.79 9.96 9.10 13.20 5.66 -5.95 2.25 14.22
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
378 261 266 350 316 280
343 235 235 316 287 258
Operating Profit 35 25 30 35 29 22
OPM % 9% 10% 11% 10% 9% 8%
2 2 2 14 5 6
Interest 6 5 5 6 7 9
Depreciation 6 8 8 10 11 14
Profit before tax 25 15 20 33 17 5
Tax % 30% 31% 31% 23% 31%
18 10 14 25 11 2
EPS in Rs 59.04 33.67 44.85 83.75 37.91 16.18
Dividend Payout % 3% 0% 3% 2% 4%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 7%
TTM: -20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -1%
TTM: -79%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: 11%
1 Year: 32%
Return on Equity
10 Years: %
5 Years: %
3 Years: 9%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 3 3
Reserves 103 113 126 149 166 164
47 65 65 80 100 106
116 72 108 125 126 109
Total Liabilities 270 253 302 357 395 383
118 124 130 142 228 221
CWIP 3 16 38 51 1 9
Investments 0 0 0 0 0 0
148 113 134 164 166 153
Total Assets 270 253 302 357 395 383

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 15 35 -11 15
-44 -27 -26 -7 -31
15 12 -3 11 17
Net Cash Flow 1 -0 6 -8 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 40 30 47 35 53
Inventory Days 116 149 164 159 184
Days Payable 140 101 163 146 127
Cash Conversion Cycle 16 78 48 48 110
Working Capital Days 27 47 37 56 76
ROCE % 12% 13% 12% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
68.26% 67.74% 67.74% 67.69% 68.96% 69.85% 69.85% 70.32% 70.32% 70.32% 70.32% 70.68%
0.00% 0.00% 0.04% 0.07% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
31.74% 32.26% 32.21% 32.23% 31.04% 30.15% 30.14% 29.69% 29.67% 29.68% 29.68% 29.31%
No. of Shareholders 9,56310,3299,5808,8438,8418,9398,7998,5938,3498,4758,4438,233

* 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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