Torrent Pharmaceuticals Ltd
Torrent Pharmaceuticals Ltd is one of the leading Indian Pharmaceutical Company engaged in research, development, manufacturing and marketing of generic pharmaceutical formulations.[1]
It is the flagship company of Torrent Group which also has presence in power and city gas distribution businesses.[2]
- Market Cap ₹ 88,012 Cr.
- Current Price ₹ 2,601
- High / Low ₹ 2,746 / 1,523
- Stock P/E 75.5
- Book Value ₹ 203
- Dividend Yield 0.85 %
- ROCE 17.7 %
- ROE 16.0 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 68.3%
Cons
- Stock is trading at 12.8 times its book value
* 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 - Formulations
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,071 | 2,760 | 3,358 | 3,468 | 5,439 | 4,551 | 4,244 | 5,762 | 6,168 | 6,451 | 6,742 | 7,695 | 8,310 | |
1,669 | 2,076 | 2,294 | 2,624 | 2,990 | 3,424 | 3,337 | 4,149 | 4,251 | 4,259 | 4,642 | 5,230 | 5,558 | |
Operating Profit | 402 | 684 | 1,065 | 843 | 2,450 | 1,127 | 907 | 1,613 | 1,917 | 2,192 | 2,101 | 2,465 | 2,752 |
OPM % | 19% | 25% | 32% | 24% | 45% | 25% | 21% | 28% | 31% | 34% | 31% | 32% | 33% |
72 | 89 | 32 | 306 | 292 | 300 | 332 | 382 | 237 | 118 | 204 | 82 | 41 | |
Interest | 40 | 37 | 58 | 173 | 180 | 202 | 294 | 481 | 430 | 334 | 236 | 298 | 330 |
Depreciation | 64 | 72 | 79 | 180 | 213 | 269 | 384 | 579 | 607 | 610 | 602 | 672 | 748 |
Profit before tax | 371 | 665 | 958 | 796 | 2,348 | 955 | 562 | 935 | 1,117 | 1,366 | 1,466 | 1,577 | 1,715 |
Tax % | 16% | 18% | 20% | 22% | 26% | 11% | 14% | 20% | 16% | 17% | 32% | 33% | |
311 | 546 | 762 | 623 | 1,743 | 854 | 482 | 745 | 939 | 1,138 | 991 | 1,051 | 1,166 | |
EPS in Rs | 9.20 | 16.15 | 22.53 | 18.42 | 51.51 | 25.24 | 14.24 | 22.03 | 27.73 | 33.62 | 29.30 | 31.07 | 34.45 |
Dividend Payout % | 23% | 36% | 22% | 31% | 34% | 28% | 49% | 39% | 58% | 52% | 82% | 71% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 8% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 18% |
3 Years: | 4% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | 26% |
5 Years: | 22% |
3 Years: | 27% |
1 Year: | 69% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 17% |
3 Years: | 17% |
Last Year: | 16% |
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 | 42 | 42 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 169 | 169 |
Reserves | 1,262 | 1,609 | 2,205 | 2,621 | 3,623 | 4,369 | 4,472 | 4,931 | 5,036 | 5,945 | 6,261 | 6,287 | 6,696 |
579 | 693 | 1,132 | 2,521 | 2,249 | 2,446 | 5,845 | 5,623 | 5,294 | 4,404 | 3,348 | 4,575 | 3,690 | |
695 | 1,012 | 911 | 1,270 | 1,332 | 1,152 | 1,419 | 1,389 | 1,469 | 1,327 | 1,460 | 1,840 | 2,068 | |
Total Liabilities | 2,578 | 3,356 | 4,333 | 6,497 | 7,289 | 8,051 | 11,820 | 12,027 | 11,884 | 11,761 | 11,153 | 12,872 | 12,623 |
636 | 791 | 836 | 2,764 | 2,681 | 3,523 | 7,429 | 7,425 | 7,198 | 6,741 | 6,251 | 7,972 | 8,170 | |
CWIP | 27 | 276 | 508 | 628 | 984 | 473 | 447 | 498 | 536 | 588 | 568 | 698 | 235 |
Investments | 478 | 190 | 322 | 434 | 918 | 936 | 625 | 486 | 135 | 314 | 368 | 361 | 452 |
1,437 | 2,098 | 2,667 | 2,672 | 2,705 | 3,119 | 3,319 | 3,618 | 4,016 | 4,118 | 3,966 | 3,841 | 3,766 | |
Total Assets | 2,578 | 3,356 | 4,333 | 6,497 | 7,289 | 8,051 | 11,820 | 12,027 | 11,884 | 11,761 | 11,153 | 12,872 | 12,623 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
396 | -69 | 310 | 1,065 | 2,403 | 676 | 929 | 1,232 | 1,580 | 1,573 | 2,140 | 2,265 | |
-142 | -89 | -326 | -2,099 | -584 | -527 | -4,207 | -373 | 269 | -316 | -160 | -2,326 | |
-192 | 25 | 86 | 996 | -1,326 | -130 | 2,929 | -928 | -1,555 | -1,581 | -1,977 | 81 | |
Net Cash Flow | 62 | -133 | 70 | -38 | 493 | 19 | -349 | -69 | 294 | -325 | 3 | 20 |
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 | 72 | 110 | 143 | 124 | 61 | 82 | 95 | 86 | 89 | 87 | 83 | 82 |
Inventory Days | 178 | 260 | 253 | 263 | 299 | 272 | 425 | 321 | 336 | 418 | 344 | 273 |
Days Payable | 169 | 168 | 175 | 212 | 205 | 144 | 254 | 138 | 152 | 142 | 119 | 104 |
Cash Conversion Cycle | 81 | 202 | 222 | 175 | 155 | 209 | 267 | 269 | 273 | 364 | 308 | 251 |
Working Capital Days | 49 | 100 | 144 | 120 | 53 | 120 | 100 | 51 | 49 | 159 | 149 | 116 |
ROCE % | 26% | 35% | 35% | 22% | 44% | 17% | 9% | 13% | 14% | 16% | 17% | 18% |
Documents
Announcements
- Closure of Trading Window 1d
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Mar
- Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 5 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 5 Mar
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Concalls
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Aug 2023TranscriptPPT
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May 2023TranscriptPPT
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Sep 2022TranscriptNotesPPT
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Oct 2016TranscriptPPT
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Product Offerings
The company manufactures pharmaceutical products under various dosage forms such as oral solids, oral liquids, topicals, suppositories, Human insulin and synthetic APIs. API manufacturing is predominantly aimed at captive consumption.[1]