Sun Pharmaceuticals Industries Ltd

Sun Pharmaceuticals Industries Ltd

₹ 1,621 1.02%
28 Mar - close price
About

Sun Pharmaceutical Industries Ltd is engaged in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharma Ingredients (APIs). The company and its subsidiaries has various manufacturing facilities spread across the world with trading and other incidental and related activities extending to global market.[1] It is the largest pharmaceutical company in India.[2]

Key Points

Product Offerings
The company produces a comprehensive and diverse portfolio of generic and specialty medicines targeting wide spectrum of chronic and acute treatments. Its product portfolio includes generics, branded generics, specialty, difficult-to-make technology intensive products, anti-retrovirals, APIs and intermediates.[1] It offers medicines in all form of dosages i.e. injectables, sprays, ointments, creams, liquids, tablets and capsules.[2]

  • Market Cap 3,88,824 Cr.
  • Current Price 1,621
  • High / Low 1,634 / 922
  • Stock P/E 94.4
  • Book Value 100
  • Dividend Yield 0.71 %
  • ROCE 16.8 %
  • ROE 13.9 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 16.2 times its book value
  • Company has a low return on equity of 3.87% over last 3 years.
  • Working capital days have increased from 71.6 days to 131 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
3,870 3,667 3,665 4,143 3,771 4,007 4,933 5,285 4,646 5,948 4,466 5,096 5,074
3,062 2,960 3,278 3,279 3,114 3,007 3,483 3,622 3,646 3,588 3,517 3,710 3,715
Operating Profit 807 707 387 864 656 1,000 1,450 1,663 999 2,361 949 1,386 1,359
OPM % 21% 19% 11% 21% 17% 25% 29% 31% 22% 40% 21% 27% 27%
32 -51 -98 284 305 -1,355 49 42 68 -2,817 14 107 7
Interest 74 105 107 104 85 91 87 93 131 161 158 194 215
Depreciation 305 322 307 334 355 354 374 384 430 412 415 393 400
Profit before tax 460 229 -125 711 521 -800 1,037 1,228 506 -1,030 390 907 751
Tax % -2% 19% -11% -14% 1% -61% 2% 1% 4% 1% 2% 2% 4%
467 185 -138 809 515 -1,286 1,012 1,213 487 -1,021 381 889 721
EPS in Rs 1.95 0.77 -0.58 3.37 2.15 -5.36 4.22 5.06 2.03 -4.25 1.59 3.70 3.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,016 2,432 2,829 8,028 7,719 7,684 8,982 10,303 12,532 14,116 15,586 20,812 20,584
2,253 1,919 2,810 8,581 8,130 7,559 7,998 8,513 9,815 11,849 12,917 14,389 14,530
Operating Profit 1,762 513 19 -552 -410 125 985 1,790 2,717 2,267 2,669 6,423 6,055
OPM % 44% 21% 1% -7% -5% 2% 11% 17% 22% 16% 17% 31% 29%
40 236 -2,700 205 367 504 171 23 1,506 93 -624 -2,609 -2,690
Interest 0 0 18 551 574 224 388 541 408 268 388 472 728
Depreciation 76 86 102 661 464 422 487 553 562 1,236 1,350 1,601 1,620
Profit before tax 1,726 663 -2,801 -1,559 -1,082 -17 280 719 3,253 856 307 1,741 1,018
Tax % 2% 22% -1% 5% -0% -36% -9% -14% 1% 2% 133% 3%
1,697 517 -2,829 -1,474 -1,088 -23 306 817 3,211 842 -100 1,691 970
EPS in Rs 8.20 2.49 -13.66 -7.12 -4.52 -0.10 1.27 3.40 13.38 3.51 -0.42 7.05 4.05
Dividend Payout % 26% 50% -11% -42% -22% -3,677% 157% 81% 30% 214% -2,400% 163%
Compounded Sales Growth
10 Years: 24%
5 Years: 18%
3 Years: 18%
TTM: 9%
Compounded Profit Growth
10 Years: 21%
5 Years: 25%
3 Years: 4%
TTM: 59%
Stock Price CAGR
10 Years: 11%
5 Years: 28%
3 Years: 39%
1 Year: 63%
Return on Equity
10 Years: 3%
5 Years: 6%
3 Years: 4%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 104 104 207 207 241 240 240 240 240 240 240 240 240
Reserves 7,775 7,685 7,201 22,579 21,650 20,773 22,083 22,604 24,156 26,699 24,348 23,508 23,808
40 43 2,409 6,811 5,829 6,047 6,884 6,437 6,406 7,358 5,074 7,791 10,746
1,213 1,414 4,548 7,849 6,547 6,810 7,585 8,434 7,608 9,438 11,103 9,448 6,439
Total Liabilities 9,131 9,246 14,364 37,446 34,266 33,869 36,792 37,714 38,410 43,735 40,765 40,987 41,233
977 1,136 1,267 3,185 3,575 4,039 4,645 4,978 5,229 9,669 9,713 8,712 8,555
CWIP 249 348 480 1,091 768 1,100 988 643 597 1,090 829 853 304
Investments 4,438 4,318 7,016 25,876 22,372 19,333 18,355 17,904 17,362 15,537 15,549 12,616 12,663
3,467 3,445 5,601 7,294 7,552 9,397 12,804 14,189 15,223 17,438 14,675 18,807 19,710
Total Assets 9,131 9,246 14,364 37,446 34,266 33,869 36,792 37,714 38,410 43,735 40,765 40,987 41,233

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,339 106 -2,405 149 -1,254 -1,621 -1,171 1,242 1,306 -417 7,636 507
-771 456 517 2,642 3,640 2,381 1,394 431 1,483 1,452 -2,697 -686
-420 -509 1,742 -2,674 -2,368 -753 -272 -1,469 -2,871 -1,000 -4,871 169
Net Cash Flow 148 53 -145 117 17 7 -50 205 -82 36 68 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 65 111 126 82 94 129 214 178 180 170 99 125
Inventory Days 221 354 315 227 260 256 218 277 210 245 220 240
Days Payable 138 148 130 164 216 229 262 214 170 288 175 188
Cash Conversion Cycle 148 317 311 146 138 155 170 242 220 127 144 177
Working Capital Days 75 210 370 -85 9 -35 83 62 122 110 -26 131
ROCE % 25% 8% 0% -6% -3% -0% 5% 8% 11% 4% 8% 17%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48% 54.48%
11.67% 11.50% 12.07% 13.00% 14.44% 14.95% 16.00% 16.87% 16.88% 16.48% 16.78% 17.08%
21.62% 21.97% 21.73% 20.99% 20.02% 19.66% 19.64% 19.08% 19.18% 19.65% 19.56% 19.42%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.06% 0.06% 0.06% 0.09% 0.10% 0.11%
12.23% 12.05% 11.72% 11.53% 11.06% 10.91% 9.80% 9.52% 9.38% 9.28% 9.05% 8.92%
No. of Shareholders 7,09,0457,57,3666,75,9086,80,8006,62,3846,47,1676,43,5126,32,3376,25,2526,24,5616,16,5886,12,626

* 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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Documents

Concalls