Solara Active Pharma Sciences Ltd
Solara Active Pharma Sciences Ltd is engaged in business of manufacturing, production, processing, formulating, sale, import, export, merchandising, distributing, trading of APIs.[1]
It was formed through demerger of API business from Strides Shasun Ltd (currently named as Stride Pharma Sciences). Subsequently, it also acquired the human API business from Sequent Scientific Ltd during the same time, making it a pure play API company.[2]
- Market Cap ₹ 1,967 Cr.
- Current Price ₹ 546
- High / Low ₹ 607 / 286
- Stock P/E
- Book Value ₹ 407
- Dividend Yield 0.00 %
- ROCE 1.80 %
- ROE -1.44 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 30.5%
- Company has a low return on equity of 3.27% over last 3 years.
- Promoters have pledged 48.0% of their holding.
- Promoter holding has decreased over last 3 years: -13.6%
* 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
521 | 1,387 | 1,322 | 1,617 | 1,268 | 1,444 | 1,407 | |
464 | 1,174 | 1,062 | 1,231 | 1,188 | 1,309 | 1,463 | |
Operating Profit | 57 | 213 | 260 | 386 | 81 | 134 | -56 |
OPM % | 11% | 15% | 20% | 24% | 6% | 9% | -4% |
2 | 12 | 27 | 29 | 16 | 22 | -60 | |
Interest | 25 | 82 | 78 | 84 | 75 | 90 | 96 |
Depreciation | 34 | 83 | 94 | 109 | 112 | 111 | 105 |
Profit before tax | 0 | 60 | 115 | 222 | -91 | -45 | -317 |
Tax % | -70% | 1% | 0% | 0% | 36% | 50% | |
0 | 59 | 115 | 221 | -58 | -22 | -308 | |
EPS in Rs | 23.09 | 42.68 | 61.62 | -16.15 | -6.16 | -85.64 | |
Dividend Payout % | -0% | 22% | 5% | 11% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 3% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -949% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | -28% |
1 Year: | 57% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 3% |
Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 25 | 26 | 27 | 36 | 36 | 36 | 36 |
Reserves | 739 | 930 | 1,059 | 1,553 | 1,489 | 1,464 | 1,427 |
633 | 538 | 722 | 621 | 1,037 | 1,013 | 985 | |
425 | 466 | 346 | 404 | 383 | 386 | 427 | |
Total Liabilities | 1,821 | 1,960 | 2,153 | 2,614 | 2,945 | 2,899 | 2,875 |
1,086 | 1,218 | 1,397 | 1,382 | 1,356 | 1,364 | 1,313 | |
CWIP | 71 | 40 | 40 | 88 | 239 | 238 | 250 |
Investments | 1 | 0 | 0 | 0 | 0 | 2 | 2 |
663 | 701 | 716 | 1,144 | 1,350 | 1,295 | 1,310 | |
Total Assets | 1,821 | 1,960 | 2,153 | 2,614 | 2,945 | 2,899 | 2,875 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
49 | 166 | 242 | 155 | -242 | 156 | |
-85 | -113 | -359 | -106 | -243 | -81 | |
68 | -23 | 97 | 92 | 334 | -113 | |
Net Cash Flow | 31 | 30 | -20 | 142 | -151 | -38 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 184 | 76 | 63 | 109 | 141 | 136 |
Inventory Days | 252 | 111 | 170 | 149 | 321 | 258 |
Days Payable | 420 | 127 | 132 | 156 | 154 | 142 |
Cash Conversion Cycle | 16 | 60 | 101 | 102 | 308 | 252 |
Working Capital Days | 107 | 34 | 67 | 118 | 251 | 213 |
ROCE % | 10% | 12% | 15% | -0% | 2% |
Documents
Announcements
- Update On Transfer Of 100% Shareholding In Wholly Owned Subsidiary Company 13h
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 1d
- Announcement Under Regulation 30 - Price Movement 23 Apr
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Clarification sought from Solara Active Pharma Sciences Ltd
22 Apr - Exchange has sought clarification from Solara Active Pharma Sciences Ltd on April 22, 2024 with reference to significant movement in price, in order to ensure …
- Compliance Certificate For The Period Ended March 31, 2024 10 Apr
Annual reports
Concalls
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Business Segments
It is a global, R&D-focused, pure-play Active Pharmaceutical Ingredients (API) company engaged in the manufacturing and development of APIs and offering Contract Manufacturing and Development Services for global companies. [1]