Solara Active Pharma Sciences Ltd

About [ edit ]

Solara Active Pharma Sciences undertakes the business of manufacturing, production, processing, formulating, sale, import, export, merchandising, distributing, trading of and dealing in active pharmaceutical ingredients.(Source : 202003 Annual Report Page No: 97)

Key Points [ edit ]
  • Market Cap 5,926 Cr.
  • Current Price 1,649
  • High / Low 1,685 / 439
  • Stock P/E 26.8
  • Book Value 276
  • Dividend Yield 0.24 %
  • ROCE 18.0 %
  • ROE 22.4 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.98 times its book value
  • Tax rate seems low
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
303 342 356 385 330 351 344 297 348 398 427 444
263 295 294 321 266 283 266 247 265 300 321 345
Operating Profit 39 47 62 65 64 68 78 50 84 98 105 99
OPM % 13% 14% 17% 17% 19% 19% 23% 17% 24% 25% 25% 22%
Other Income 0 1 4 7 4 5 6 12 5 6 8 10
Interest 18 20 23 22 19 20 19 20 20 19 20 25
Depreciation 19 19 21 23 23 24 24 24 26 28 27 27
Profit before tax 3 9 22 26 26 29 41 18 42 57 66 57
Tax % 0% 7% 0% -0% 0% 1% 0% 0% 0% 0% 0% 0%
Net Profit 3 9 22 26 27 29 41 18 42 57 66 57
EPS in Rs 1.04 3.47 8.96 10.21 10.29 11.22 15.88 6.64 15.74 15.82 18.32 15.77

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021
521 1,387 1,322 1,617
464 1,174 1,062 1,231
Operating Profit 57 213 260 386
OPM % 11% 15% 20% 24%
Other Income 2 12 27 29
Interest 25 82 78 84
Depreciation 34 83 94 109
Profit before tax 0 60 115 222
Tax % -70% 1% 0% 0%
Net Profit 0 60 115 221
EPS in Rs 23.09 42.68 61.62
Dividend Payout % 0% 22% 5% 5%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:46%
TTM:22%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:735%
TTM:93%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:189%
Return on Equity
10 Years:%
5 Years:%
3 Years:15%
Last Year:22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021
25 26 27
Reserves 739 826 963
Borrowings 633 538 707
425 570 457
Total Liabilities 1,821 1,960 2,153
1,086 1,218 1,397
CWIP 71 40 40
Investments 1 0 0
663 701 716
Total Assets 1,821 1,960 2,153

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021
49 166 244
-85 -113 -359
68 -23 95
Net Cash Flow 31 30 -20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 10% 13%
Debtor Days 184 76 63
Inventory Turnover 3.91 2.74

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
36.44 37.90 37.90 40.55 40.55 40.55 40.14 41.88 41.88 44.24 44.13 44.11
23.80 15.04 16.24 17.36 14.90 15.04 16.43 16.41 16.67 12.20 12.87 13.65
12.37 9.24 9.07 7.10 6.88 6.60 6.93 6.87 6.48 4.65 4.62 3.98
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.22 0.22 0.00 0.00 0.00
27.40 37.81 36.78 34.99 37.67 37.81 36.50 34.62 34.74 38.90 38.37 38.26

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