Suven Pharmaceuticals Ltd

Suven Pharmaceuticals Ltd

₹ 699 -2.05%
24 Jun - close price
About

Hyderabad based CDMO company that offers services to leading global pharmaceutical and fine chemical majors in their NCE development endeavours. From process research & development to late-stage clinical and commercial manufacturing we are committed to provide customers with products fulfilling customer needs and expectations.[1]

Key Points

Business Segments
CDMO (Development projects and Commercial supplies)
SPL engages in NCE molecule development and supply of intermediates. This is a high-value-add, high-margin business. SPL supplies intermediates for four molecules addressing rheumatoid arthritis, diabetes, depression and women’s health[1].The company has a strong order book with new clients being consistently added. Most clients are the Big Pharma companies in Europe and the US. The company is looking to shift from Intermediate to API manufacturing and is in discussion with clients regarding this. The company has stated that it has the facilities for API manufacturing.[2]

  • Market Cap 17,802 Cr.
  • Current Price 699
  • High / Low 768 / 427
  • Stock P/E 59.3
  • Book Value 80.6
  • Dividend Yield 0.14 %
  • ROCE 21.1 %
  • ROE 15.9 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 22.6%

Cons

  • Stock is trading at 8.68 times its book value
  • Promoter holding has decreased over last quarter: -9.90%
  • Working capital days have increased from 214 days to 399 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
259 264 301 392 364 339 278 354 369 348 231 220 253
165 149 179 206 207 188 179 207 198 181 133 154 180
Operating Profit 94 115 122 186 157 151 100 147 172 167 98 66 73
OPM % 36% 43% 40% 48% 43% 45% 36% 41% 47% 48% 42% 30% 29%
22 29 22 65 17 11 11 13 11 11 20 14 17
Interest 2 2 1 1 2 1 0 1 5 1 0 2 2
Depreciation 8 9 9 11 10 12 12 12 12 13 12 13 17
Profit before tax 105 133 134 239 161 149 98 146 166 164 105 65 71
Tax % 21% 21% 28% 33% 43% 28% 27% 26% 25% 26% 25% 29% 25%
83 105 97 160 92 108 72 108 124 121 80 47 53
EPS in Rs 3.27 4.13 3.81 6.29 3.60 4.22 2.83 4.23 4.87 4.74 3.13 1.84 2.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
378 834 1,010 1,320 1,340 1,051
206 449 567 738 766 646
Operating Profit 172 385 443 582 574 406
OPM % 45% 46% 44% 44% 43% 39%
1 66 68 133 46 62
Interest 3 23 12 9 13 7
Depreciation 12 24 32 39 48 55
Profit before tax 158 405 468 668 560 406
Tax % 31% 22% 23% 32% 27% 26%
109 317 362 454 411 300
EPS in Rs 5,463.50 12.45 14.23 17.83 16.16 11.80
Dividend Payout % 0% 20% 14% 28% 37% 0%
Compounded Sales Growth
10 Years: %
5 Years: 23%
3 Years: 1%
TTM: -22%
Compounded Profit Growth
10 Years: %
5 Years: 22%
3 Years: -6%
TTM: -25%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 14%
1 Year: 43%
Return on Equity
10 Years: %
5 Years: 27%
3 Years: 23%
Last Year: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 13 25 25 25 25
Reserves 578 832 1,155 1,502 1,710 2,025
83 186 143 97 70 65
123 142 151 205 160 138
Total Liabilities 783 1,173 1,474 1,830 1,966 2,254
271 357 441 534 663 670
CWIP 111 102 96 30 165 179
Investments 7 338 542 598 536 904
394 376 395 667 601 501
Total Assets 783 1,173 1,474 1,830 1,966 2,254

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
50 407 383 330 451 358
-65 -413 -311 -136 -195 -362
26 7 -76 -156 -236 -14
Net Cash Flow 11 1 -5 37 20 -18

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 142 51 37 65 30 46
Inventory Days 556 278 243 259 279 268
Days Payable 190 113 100 97 58 49
Cash Conversion Cycle 509 217 180 228 251 265
Working Capital Days 285 105 95 126 117 399
ROCE % 50% 40% 41% 32%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 60.00% 50.10%
7.93% 8.03% 8.25% 8.56% 8.49% 7.58% 8.11% 9.47% 9.50% 10.01% 10.14% 9.54%
5.45% 5.81% 5.93% 6.56% 6.96% 10.87% 11.36% 11.43% 10.63% 14.13% 15.94% 17.24%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01%
26.62% 26.16% 25.82% 24.88% 24.55% 21.56% 20.55% 19.10% 19.88% 15.85% 13.93% 23.11%
No. of Shareholders 92,66996,53286,44785,72586,08882,57779,41272,88572,16773,71570,05268,932

* 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.

Click on the line-items to see the names of individual entities.

Documents

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