Venus Remedies Ltd
Incorporated in 1989, Venus Remedies
Ltd is a research based pharmaceutical company and an injectable manufacturer[1]
- Market Cap ₹ 2,184 Cr.
- Current Price ₹ 1,634
- High / Low ₹ 1,637 / 415
- Stock P/E 22.0
- Book Value ₹ 516
- Dividend Yield 0.00 %
- ROCE 20.2 %
- ROE 15.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 26.4% CAGR over last 5 years
Cons
- Stock is trading at 3.17 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 8.53% over past five years.
- Company has a low return on equity of 10.3% over last 3 years.
* 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
Healthcare Healthcare Pharmaceuticals & Biotechnology Pharmaceuticals
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 443 | 392 | 375 | 355 | 299 | 316 | 511 | 574 | 534 | 570 | 631 | 769 | |
| 356 | 312 | 328 | 312 | 265 | 273 | 464 | 505 | 473 | 509 | 561 | 625 | |
| Operating Profit | 87 | 80 | 47 | 44 | 34 | 43 | 47 | 69 | 62 | 61 | 70 | 144 |
| OPM % | 20% | 20% | 13% | 12% | 11% | 14% | 9% | 12% | 12% | 11% | 11% | 19% |
| 1 | 1 | 1 | 1 | -4 | -5 | 41 | 8 | 10 | 11 | 31 | 11 | |
| Interest | 41 | 37 | 34 | 35 | 25 | 13 | 13 | -0 | -0 | -0 | -0 | -0 |
| Depreciation | 45 | 40 | 39 | 33 | 33 | 31 | 34 | 33 | 31 | 26 | 22 | 25 |
| Profit before tax | 2 | 3 | -25 | -23 | -28 | -6 | 41 | 45 | 40 | 47 | 79 | 131 |
| Tax % | -123% | 60% | -18% | 13% | -4% | 31% | -32% | -10% | 28% | 35% | 34% | 24% |
| 5 | 1 | -20 | -27 | -27 | -8 | 54 | 49 | 29 | 30 | 53 | 99 | |
| EPS in Rs | 3.98 | 1.05 | -16.40 | -21.54 | -21.97 | -6.67 | 43.97 | 36.65 | 21.67 | 22.82 | 39.32 | 74.29 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 9% |
| 3 Years: | 13% |
| TTM: | 22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 56% |
| 5 Years: | 26% |
| 3 Years: | 51% |
| TTM: | 123% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 35% |
| 5 Years: | 38% |
| 3 Years: | 94% |
| 1 Year: | 280% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 16% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 13 | 13 | 13 | 13 | 13 |
| Reserves | 455 | 433 | 382 | 356 | 329 | 320 | 388 | 436 | 465 | 495 | 576 | 676 |
| 319 | 327 | 308 | 302 | 294 | 216 | 48 | 39 | 39 | 39 | -0 | 12 | |
| 60 | 63 | 65 | 78 | 97 | 96 | 99 | 91 | 92 | 94 | 124 | 174 | |
| Total Liabilities | 845 | 834 | 767 | 748 | 732 | 644 | 547 | 579 | 609 | 641 | 713 | 876 |
| 426 | 434 | 389 | 370 | 347 | 271 | 244 | 225 | 200 | 203 | 214 | 215 | |
| CWIP | 78 | 80 | 66 | 65 | 65 | 25 | 25 | 25 | 26 | 21 | 26 | 51 |
| Investments | 29 | 29 | 29 | 0 | 0 | 0 | 0 | 0 | 20 | 19 | 84 | 238 |
| 312 | 291 | 283 | 314 | 320 | 348 | 277 | 329 | 363 | 398 | 388 | 372 | |
| Total Assets | 845 | 834 | 767 | 748 | 732 | 644 | 547 | 579 | 609 | 641 | 713 | 876 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 67 | 42 | 62 | 52 | 44 | 78 | 132 | 41 | 28 | 35 | 83 | 151 | |
| -67 | 3 | -18 | -11 | -11 | -5 | 56 | -17 | -51 | -7 | -76 | -182 | |
| -0 | -46 | -44 | -40 | -35 | -72 | -162 | -9 | -0 | -0 | -0 | -1 | |
| Net Cash Flow | -1 | -0 | 0 | 0 | -2 | 1 | 26 | 15 | -23 | 28 | 7 | -32 |
| Free Cash Flow | -1 | -8 | 44 | 40 | 34 | 70 | 132 | 27 | 20 | 23 | 65 | 114 |
| CFO/OP | 77% | 53% | 131% | 118% | 127% | 181% | 282% | 60% | 46% | 84% | 140% | 129% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 50 | 41 | 45 | 38 | 34 | 12 | 19 | 58 | 57 | 57 | 55 |
| Inventory Days | 189 | 210 | 230 | 242 | 283 | 282 | 130 | 121 | 123 | 122 | 98 | 122 |
| Days Payable | 35 | 36 | 50 | 48 | 67 | 70 | 74 | 48 | 53 | 54 | 67 | 104 |
| Cash Conversion Cycle | 203 | 223 | 220 | 239 | 254 | 246 | 67 | 93 | 129 | 126 | 88 | 73 |
| Working Capital Days | 54 | 73 | 52 | 23 | -3 | 77 | 68 | 84 | 118 | 129 | 97 | 104 |
| ROCE % | 6% | 5% | 1% | 2% | 1% | 3% | 6% | 10% | 8% | 9% | 12% | 20% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
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| Global Presence (Countries) Number |
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| Annual Manufacturing Capacity (Injectables) Million Units |
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| New Product Approvals (Annual) Number |
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| Internal Product Rejections Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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Venus Remedies Limited Secures Renewal Of Prestigious DSIR In-House R&D Recognition.
4 Jun - Venus Remedies renewed DSIR in-house R&D recognition for VMRC, supporting VRP-034 and GASAR studies.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 28 May
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Board Meeting Outcome for Outcome Of Board Meeting Dated 26.05.2026
26 May - Venus Remedies posted FY26 audited results; board recommended Rs10 final dividend, AGM on Aug 20, record date Aug 7.
- Financial Results For The Financial Year 2025-26. 26 May
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Announcement under Regulation 30 (LODR)-Dividend Updates
26 May - FY26 audited results approved; final dividend Rs10/share, AGM on 20 Aug 2026, record date 7 Aug.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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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 2018
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Financial Year 2017
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Financial Year 2016
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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 2013
from nse
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Financial Year 2012
from bse
Business Overview:[1][2]
VSR is one of the largest manufacturers of meropenem antibiotics and emerging player in AMR drug in India. It offers a wide range of pharmaceutical products that cater to various therapeutic areas, including anti infective (antibiotics), antimicrobial resistance, oncology, neurology, pain management, skin
& wound care. Company has 1040+ marketing authorizations globally, 135+ patents and 180+ product basket which includes formulations such as injectables,
tablets, and topical preparations