Strides Pharma Science Ltd

About [ edit ]

Strides Pharma Science is engaged in develops and manufactures a wide range of IP-led niche pharmaceutical products.

  • Market Cap 7,647 Cr.
  • Current Price 853
  • High / Low 1,000 / 382
  • Stock P/E 41.2
  • Book Value 300
  • Dividend Yield 1.64 %
  • ROCE 5.19 %
  • ROE 1.41 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 118.52%

Cons

  • Stock is trading at 2.85 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 29.67%
  • Company has a low return on equity of 13.30% for last 3 years.
  • Contingent liabilities of Rs.2378.87 Cr.
  • Company might be capitalizing the interest cost
  • Promoters have pledged 32.56% of their holding.
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
670 663 520 570 616 686 715 732 619 782 794 832
582 591 491 516 572 605 610 574 602 648 662 698
Operating Profit 88 73 29 54 44 81 105 159 17 134 132 134
OPM % 13% 11% 6% 10% 7% 12% 15% 22% 3% 17% 17% 16%
Other Income 575 6 5 292 46 4 127 28 -148 57 41 -1
Interest 45 44 17 22 23 35 40 40 40 37 37 35
Depreciation 44 43 31 28 30 43 42 43 45 49 53 53
Profit before tax 573 -8 -14 296 37 6 149 104 -217 105 83 46
Tax % -1% 70% 39% -0% -20% 52% 5% 11% 5% 3% 7% 23%
Net Profit 569 -4 -12 293 48 4 143 94 -204 104 81 38
EPS in Rs 63.56 -0.48 -1.34 32.77 5.31 0.41 15.94 10.48 -22.77 11.56 9.03 4.22

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,020 1,304 1,695 2,550 962 1,341 1,196 2,861 2,755 2,845 2,178 2,752 3,026
1,183 1,122 1,385 2,061 861 1,567 988 2,486 2,243 2,458 2,046 2,459 2,610
Operating Profit -163 182 311 489 101 -226 208 374 512 387 132 293 416
OPM % -16% 14% 18% 19% 10% -17% 17% 13% 19% 14% 6% 11% 14%
Other Income 403 86 86 83 959 3,281 896 63 306 654 367 79 -51
Interest 85 76 147 195 79 109 47 168 183 196 79 156 149
Depreciation 40 49 64 104 31 56 64 131 126 154 117 174 200
Profit before tax 115 143 186 273 949 2,890 992 137 509 690 303 42 17
Tax % 9% 15% 24% 14% 11% 39% 15% 31% 12% 1% -9% 27%
Net Profit 108 110 122 224 846 1,767 845 109 400 665 325 36 18
EPS in Rs 26.92 27.28 21.22 38.44 143.92 296.43 141.78 12.15 44.71 74.25 36.25 4.06 2.04
Dividend Payout % -0% 6% 7% 5% 1% 170% 76% 41% 10% 3% 8% 345%
Compounded Sales Growth
10 Years:8%
5 Years:18%
3 Years:-0%
TTM:10%
Compounded Profit Growth
10 Years:-6%
5 Years:-47%
3 Years:-56%
TTM:-36%
Stock Price CAGR
10 Years:8%
5 Years:-5%
3 Years:15%
1 Year:107%
Return on Equity
10 Years:29%
5 Years:13%
3 Years:13%
Last Year:1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
89 89 58 58 59 60 60 89 89 90 90 90 90
Reserves 324 724 1,223 1,313 1,967 947 1,085 2,569 2,659 2,374 2,559 2,438 2,599
Borrowings 1,302 1,457 2,010 2,643 1,594 547 892 3,542 3,700 2,520 3,221 2,235 2,229
657 1,012 1,201 1,341 1,175 543 438 1,211 1,598 1,601 1,937 1,369 1,715
Total Liabilities 2,323 3,233 4,492 5,355 4,796 2,096 2,475 7,410 8,046 6,585 7,807 6,131 6,632
970 1,857 2,328 3,188 3,017 555 701 2,679 2,980 2,977 3,648 2,099 2,423
CWIP 260 85 191 285 241 99 171 815 780 620 453 413 198
Investments 346 341 2 -0 0 443 630 1,341 1,525 588 702 549 649
748 950 1,970 1,882 1,538 999 972 2,576 2,762 2,400 3,005 3,070 3,362
Total Assets 2,323 3,233 4,492 5,355 4,796 2,096 2,475 7,410 8,046 6,585 7,807 6,131 6,632

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
118 90 324 457 139 -272 83 73 288 187 60 205
-265 -148 -928 -659 771 4,044 50 -2,205 -1,222 570 -145 1,321
13 92 850 89 -990 -3,319 -421 2,944 338 -1,016 194 -1,709
Net Cash Flow -133 33 246 -113 -80 454 -288 812 -596 -259 110 -184

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Dec 2008 Dec 2009 Dec 2010 Dec 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 8% 8% 12% 11% 27% 116% 58% 8% 12% 16% 6% 5%
Debtor Days 121 126 92 77 183 99 119 132 132 113 165 124
Inventory Turnover 2.97 3.57 3.06 3.33 1.09 2.37 3.01 3.85 1.95 2.23 1.60 1.43

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
31.34 30.79 30.79 31.24 31.24 31.28 31.28 31.27 29.71 29.69 29.69 29.67
22.15 22.05 21.96 25.23 25.25 25.27 27.16 28.80 26.78 26.96 25.16 24.82
24.06 25.49 25.65 24.19 24.26 21.18 20.08 18.88 19.40 15.28 16.65 16.08
22.44 21.68 21.60 19.34 19.25 22.27 21.48 21.05 24.11 28.07 28.50 29.42

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