Venus Remedies Ltd
Incorporated in 1989, Venus Remedies
Ltd is a research based pharmaceutical company and an injectable manufacturer[1]
- Market Cap ₹ 2,401 Cr.
- Current Price ₹ 1,798
- High / Low ₹ 1,802 / 416
- Stock P/E 23.4
- Book Value ₹ 497
- Dividend Yield 0.00 %
- ROCE 21.7 %
- ROE 16.8 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 21.8% CAGR over last 5 years
Cons
- Stock is trading at 3.62 times its book value
- The company has delivered a poor sales growth of 7.18% over past five years.
- Company has a low return on equity of 10.5% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 455 | 407 | 400 | 372 | 322 | 335 | 544 | 597 | 552 | 596 | 640 | 770 | |
| 366 | 326 | 349 | 333 | 289 | 295 | 490 | 535 | 492 | 537 | 577 | 622 | |
| Operating Profit | 89 | 81 | 51 | 39 | 33 | 41 | 54 | 62 | 60 | 60 | 64 | 147 |
| OPM % | 20% | 20% | 13% | 11% | 10% | 12% | 10% | 10% | 11% | 10% | 10% | 19% |
| 1 | 2 | 2 | 2 | -3 | -4 | 43 | 8 | 10 | 12 | 31 | 13 | |
| Interest | 41 | 38 | 34 | 35 | 25 | 13 | 13 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 46 | 42 | 40 | 34 | 34 | 32 | 35 | 34 | 32 | 26 | 23 | 26 |
| Profit before tax | 3 | 4 | -22 | -28 | -30 | -8 | 49 | 36 | 38 | 45 | 72 | 134 |
| Tax % | -95% | 52% | -21% | 11% | -4% | 24% | -27% | -12% | 30% | 36% | 37% | 23% |
| 5 | 2 | -17 | -31 | -29 | -10 | 62 | 41 | 27 | 28 | 45 | 103 | |
| EPS in Rs | 4.51 | 1.49 | -13.84 | -24.87 | -23.15 | -8.10 | 50.05 | 30.46 | 19.88 | 21.31 | 33.90 | 76.90 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 13% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 7% |
| 3 Years: | 12% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 22% |
| 3 Years: | 57% |
| TTM: | 174% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 36% |
| 5 Years: | 42% |
| 3 Years: | 98% |
| 1 Year: | 303% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 17% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 445 | 426 | 376 | 350 | 320 | 311 | 388 | 427 | 447 | 474 | 548 | 650 |
| 321 | 335 | 312 | 307 | 298 | 220 | 51 | 43 | 42 | 41 | 2 | 12 | |
| 64 | 70 | 65 | 82 | 102 | 100 | 104 | 97 | 98 | 98 | 153 | 178 | |
| Total Liabilities | 841 | 843 | 765 | 751 | 733 | 644 | 556 | 580 | 601 | 627 | 716 | 854 |
| 444 | 452 | 406 | 389 | 364 | 289 | 262 | 241 | 216 | 219 | 229 | 232 | |
| CWIP | 78 | 80 | 66 | 65 | 65 | 25 | 25 | 25 | 26 | 21 | 26 | 51 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 19 | 84 | 238 |
| 319 | 310 | 293 | 297 | 304 | 330 | 269 | 314 | 339 | 368 | 376 | 333 | |
| Total Assets | 841 | 843 | 765 | 751 | 733 | 644 | 556 | 580 | 601 | 627 | 716 | 854 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68 | 47 | 59 | 31 | 45 | 78 | 132 | 41 | 37 | 37 | 86 | 156 | |
| -67 | 3 | -18 | 8 | -11 | -5 | 57 | -17 | -58 | -8 | -77 | -182 | |
| -1 | -46 | -44 | -39 | -35 | -73 | -162 | -9 | -1 | -1 | -1 | -3 | |
| Net Cash Flow | -1 | 3 | -4 | 0 | -1 | -0 | 27 | 14 | -22 | 28 | 9 | -29 |
| Free Cash Flow | 59 | 46 | 41 | 19 | 35 | 70 | 132 | 41 | 29 | 24 | 69 | 118 |
| CFO/OP | 76% | 58% | 116% | 79% | 139% | 190% | 245% | 66% | 61% | 89% | 160% | 129% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 51 | 55 | 43 | 46 | 43 | 33 | 21 | 24 | 51 | 49 | 64 | 49 |
| Inventory Days | 194 | 219 | 226 | 246 | 286 | 296 | 129 | 118 | 132 | 125 | 97 | 122 |
| Days Payable | 40 | 38 | 48 | 52 | 72 | 77 | 76 | 47 | 56 | 55 | 89 | 107 |
| Cash Conversion Cycle | 204 | 236 | 221 | 240 | 257 | 252 | 74 | 95 | 127 | 120 | 72 | 64 |
| Working Capital Days | 54 | 69 | 54 | 25 | -1 | 73 | 71 | 82 | 109 | 118 | 86 | 97 |
| ROCE % | 6% | 5% | 2% | 1% | 1% | 2% | 8% | 8% | 8% | 9% | 11% | 22% |
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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| Internal Product Rejections Number ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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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
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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